Why do you bother posting this as your negative views won't help in this troubling situation. For once try and add one ounce of positivityTorquayUnited wrote: ↑25 Feb 2024, 18:01 Goes to pay the bills. 4.3 million owned administrator pay the staff the electricity bills the catering staff the groundsman the diesel to cut the grass in the mower the paint to paint the lines. The cleaners to clean the ground.
Luckily not Clarke's responsibility anymore already 4.3 million lost and amazingly only 700 grand till end of season to find some can compete in this league next season.
Osbourne out TUST in oh hang on they not got enough to repair the mower 5 years ago.
Club is dead
Search found 95 matches
- 25 Feb 2024, 18:35
- Forum: All things Plainmoor
- Topic: Where's the money going?
- Replies: 74
- Views: 8521
Where's the money going?
- 23 Feb 2024, 08:21
- Forum: All things Plainmoor
- Topic: Osborne gone!
- Replies: 262
- Views: 36951
Osborne gone!
Southampton Gull wrote: ↑23 Feb 2024, 00:25 More absolute garbage. The club isn't in administration yet and the notion of going into administration is often used as a threat to speed up a deal. Stop spouting nonsense.
- 22 Feb 2024, 20:31
- Forum: All things Plainmoor
- Topic: Osborne gone!
- Replies: 262
- Views: 36951
Osborne gone!
Thanks for the input and as you say according to the league rules this isn’t a normal Insolvency. I’m intrigued by the phrase in the rules stating “other creditors are satisfied” in that does this mean 100p in the £ or an agreed settlement figure in a CVA which bound be pence in the £ ?Nigel L wrote: ↑22 Feb 2024, 19:43 Farnborough fan here. We, Farnborough, have been through this more than once and the process can be incredible painful. I wish you well.
The main reason for posting is the message quoted above, which is what happens in a "normal" insolvency event. But, "normal" doesn't apply to National League clubs. The specific League rules concerning a member Club having an insolvency event are fierce, to say the very least, and go way beyond "normal" requirements. See this document - https://s3.eu-west-1.amazonaws.com/file ... 057466.pdf - in particular Sections 2.9.2, 13A and 13B.
Essentially your club has from now until the next League AGM (in June?) to agree a deal where all football creditors' claims have been met in full and all other creditors' claims have either also been settled 100% or the League has agreed to a proposal that these will be settled at 100% in accordance with an agreed payment plan, otherwise your Club will be automatically relegated. Any proposal that doesn't satisfy ALL claims 100% is a completer non-starter and would result in an AFC Torquay starting off life at the bottom level of the pyramid.
Again I wish you well, but time is extremely short. Use it wisely.
- 22 Feb 2024, 17:05
- Forum: All things Plainmoor
- Topic: Osborne gone!
- Replies: 262
- Views: 36951
Osborne gone!
I note all the comments in this thread and having been involved in the Business Recovery sector hit 35+ years there are a few things that need clarity.
The debt to CO (Riviera) is Unsecured
A new owner doesn’t have to repay the creditors in full
The Administrators will try and sell the business as a going concern and not choose to close it down.
Administration can last for 12 months and can trade during that period
I assume that the players contracts may have an insolvency clause in them and so they could become free agents
Most important thing is to support the club, support those attempting to save the club (TUST)
The debt to CO (Riviera) is Unsecured
A new owner doesn’t have to repay the creditors in full
The Administrators will try and sell the business as a going concern and not choose to close it down.
Administration can last for 12 months and can trade during that period
I assume that the players contracts may have an insolvency clause in them and so they could become free agents
Most important thing is to support the club, support those attempting to save the club (TUST)
- 18 Feb 2024, 10:15
- Forum: All things Plainmoor
- Topic: #OneClub #OneProtest
- Replies: 34
- Views: 4636
#OneClub #OneProtest
Having witnessed the German version of protests over the weekend when taking in two games, whilst the yellow card idea is a sound one maybe we should look to more drastic measures ….. tennis balls remote control cars and chocolate coins ??
Based on the desire of CO to build a new stadium maybe Lego bricks are the answer ?
I doubt the above will be considered so perhaps a shift of fans from the Pop side and Bristows to the Family Stand converging on the directors box is the plan ….. oh silly me I doubt anyone of importance will be in there !
Based on the desire of CO to build a new stadium maybe Lego bricks are the answer ?
I doubt the above will be considered so perhaps a shift of fans from the Pop side and Bristows to the Family Stand converging on the directors box is the plan ….. oh silly me I doubt anyone of importance will be in there !
- 12 Feb 2024, 19:14
- Forum: All things Plainmoor
- Topic: TUST - Show Venom and a backbone
- Replies: 43
- Views: 4578
TUST - Show Venom and a backbone
I suggest you speak to the TUST to establish what they are doing and it’s NOT rolling over as you suggest
I presume you looking to be sooooo proactive will be looking to join the Steering group ?
I presume you looking to be sooooo proactive will be looking to join the Steering group ?
- 11 Feb 2024, 08:19
- Forum: All things Plainmoor
- Topic: TUST - Show Venom and a backbone
- Replies: 43
- Views: 4578
TUST - Show Venom and a backbone
So do you have any suggestions to put forward in that case ??
I’m sure the TUST would welcome your input and involvement. I presume you are a member of the TUST ?
I’m sure the TUST would welcome your input and involvement. I presume you are a member of the TUST ?
- 10 Feb 2024, 23:24
- Forum: All things Plainmoor
- Topic: TUST - Show Venom and a backbone
- Replies: 43
- Views: 4578
TUST - Show Venom and a backbone
Why slag off the TUST when they are the only way for the club or the phoenix club to survive.
- 10 Feb 2024, 23:21
- Forum: All things Plainmoor
- Topic: Johnson latest drivel
- Replies: 80
- Views: 15224
- 10 Feb 2024, 23:18
- Forum: Matchday Topics
- Topic: Torquay United v Slough Town sat 10th
- Replies: 96
- Views: 21379
Torquay United v Slough Town sat 10th
Marshall considers himself a hard man ! More like a deluded fool !!! Well cmon Ross let’s see you actually do something to prove that rather than threaten !!! I wish he would strike out and then we can see the back of the idiot
But he didn’t get booked today so small mercy there !
- 07 Feb 2024, 21:52
- Forum: All things Plainmoor
- Topic: Protests
- Replies: 16
- Views: 2960
Protests
Will confrontation work in focusing the minds of the powers that be ?? We know where they perch on Saturdays so maybe if the crowd occupy the Family Stand as much as they can then that may indicate that the fans aren’t happy ?
Those in Bristows can confront the gaffer but all he does is come back with cocky arrogant responses and he is so thick skinned then what’s the point ?
I despair at the state of the club and the inability of the loyal fan base to rally together but never say never ??
Those in Bristows can confront the gaffer but all he does is come back with cocky arrogant responses and he is so thick skinned then what’s the point ?
I despair at the state of the club and the inability of the loyal fan base to rally together but never say never ??
- 28 Jan 2024, 15:09
- Forum: All things Plainmoor
- Topic: How, Why, If ??
- Replies: 4
- Views: 1147
How, Why, If ??
All this talk of boycotts, demos, maybe what is being considered but in the real world is there any way we the loyal supporters of TUFC can halt the demise of the club ? I very much doubt it as we see are at the behest of the elusive owner, the “yes sir 3 bags full” board and the arrogant has been manager !
The local of negative press coverage doesn’t help with the sycophants waffling on about how negatively affects the delicate feelings of the “quality” squad.
It is very sad demise of my football club, yes my club for 50 years Mr Johnson NOT yours
The local of negative press coverage doesn’t help with the sycophants waffling on about how negatively affects the delicate feelings of the “quality” squad.
It is very sad demise of my football club, yes my club for 50 years Mr Johnson NOT yours
- 28 Jan 2024, 14:58
- Forum: All things Plainmoor
- Topic: Johnson latest drivel
- Replies: 80
- Views: 15224
Johnson latest drivel
Absolutely!! Appreciated by those of a certain ageJimNichol'sdog wrote: ↑28 Jan 2024, 14:40 Colorado - I think that Troy Tempest would be a better option!!
- 28 Jan 2024, 08:38
- Forum: All things Plainmoor
- Topic: Johnson latest drivel
- Replies: 80
- Views: 15224
Johnson latest drivel
The latest interview is one of a broken individual. No sense of fight to rectify the situations
Just going through the motions and drawing his monthly salary.
Just going through the motions and drawing his monthly salary.
- 23 Jan 2024, 23:54
- Forum: All things Plainmoor
- Topic: Johnson latest drivel
- Replies: 80
- Views: 15224
Johnson latest drivel
The Great Muta! wrote: ↑23 Jan 2024, 22:20 I hate this woke quest to try and totally sanitise football, so a player has had a bit of grief, and now he's got hurt feelings?, really??, don't get me wrong I'm not "on' someone and dishing out flack, but if someone is playing poorly, surely a paying fan has a right to vent his or her frustration?, you don't even have to use expletives to get your views across, I'm amazed GJ has taken this stance esp given his age and being in the game so long, I've always thought GJ loves all the first pumping and giving it the large one when we win, but when we are piss poor he scuttles off asap..