Torquay United Fans Forum

Willowgull wrote: ↑22 Feb 2024, 14:26 How can match day income be ring fenced, that is utter nonsense.

Administrators often do that with business's they take over because debt is frozen once a business goes into administration. New income is used to pay for good's services and wages incurred from the point of administration.

Shots fan here, I have always taken a bit of an interest in how you are doing so really sad to see today's news.

So I just wanted to wish you all the very best and hope things turn out well for you.

Don't despair yet though, we went into administration in 2013 and our administrators kept the club alive for three months until we got new ownership so administration isn't automatically a death sentence for the club. The fact that according to the statement I read the matchday income will be ring fenced to meet ongoing costs means that attending home games will be really important to give the administrators the funds to carry on.

Your a big club with a good support base so should be attractive to someone, who knows you might do a Wrexham and get a Hollywood film star, if you do then good luck to you, I genuinely hope it all works out for you