Torquay United set for a take over ?

Post by **Dave** » 19 Jan 2015, 19:14

lucy6lucy wrote:Matt is right. Where is the source and validity of this so called meeting in mid week. This thread though serious in context is slowly starting to become an Australian bush fire that is getting out of control.

All I can say is Taxilady has posted about a staff meeting Wednesday on another forum, maybe we should ask her where this information came from.

RussianGull · Post by **RussianGull** » 19 Jan 2015, 19:36

Staff meeting could be anything. We have monthly meetings at work, no-one ever thinks we're about to be taken over.

nickbrod · Post by **nickbrod** » 19 Jan 2015, 19:52

Earlier post wrote about a Board meeting to which all staff are to attend (not based on fact?) which is not the same as a staff meeting.

RussianGull · Post by **RussianGull** » 19 Jan 2015, 20:00

nickbrod wrote:Earlier post wrote about a Board meeting to which all staff are to attend (not based on fact?) which is not the same as a staff meeting.

I was going by the post above mine written by forever. If it's a Board meeting and staff are to attend then that would be very odd.

Post by **Dave** » 19 Jan 2015, 20:34

Indeed it would be odd Russian, but as I said to matt, I'm not really interested in any meeting, I'm not speculating what it's about. I highly doubt any meeting with the staff is to tell them the club is going into administration or part-time, I've had some suggestions put to me by phone call and PM not going to post any of it, but from that, I believe the club could be losing more money than even I suspected per month, and that some restructuring could be on the cards, hence why I said I feel sorry for those who rely on the club for an income.

It might, and note the word 'might' mean some jobs may be lost, who knows, none of my post should taken as fact, just an opinion formed from what I've heard, which course may not be true.

Post by **Dave** » 19 Jan 2015, 20:53

Also may I add, there is no doubt all of us connected with TUFC owe Thea Bristow a huge debt of gratitude, with out her there no longer would be a club to support, however there also has to be some honesty as well. Thea Bristow is an ordinary person who won the lottery along with her late husband, neither were business people or business minded.

There has been some sensible posts across TU related forums suggesting the club may have reached a tipping point, if that is the case, the club no longer has the time for someone who freely admits she is not a business person to learn the ropes, the club no longer has the time to allow a very inexperienced manager to learn his trade either. And this is why I've posting what I have, the club needs a real business person to set it on the right path, and a manager who can get results from the team they should have been getting, saying we've got a mid table team so as we're in mid table what's the problem is a poor, poor excuse.

We should be top 8 at the very least with this team, not floundering behind part-time teams that only train twice a week, and have to rely on players getting time of from their jobs to play in some games. Nuneaton had two players who'd come straight off nightshift and jumped on the bus to come down and play us, that's the level we're at, and should be doing better, period.

taxilady · Post by **taxilady** » 19 Jan 2015, 21:53

taxilady wrote:All I can say is Taxilady has posted about a staff meeting Wednesday on another forum, maybe we should ask her where this information came from.

On other forums it has been stated that the meeting is for all employees ; Phippsy told us on here that the meeting was on Wednesday. There seems to be confusion whether it is a staff meeting or a board meeting. I don't think that normally a meeting would arouse such acute interest where it not for the articles in the Herald & Western Morning News about a possible takeover or further investment being potentially imminent. I think lots of us would like to be flies on walls right now ![/quote]

hector · Post by **hector** » 19 Jan 2015, 22:43

lucy6lucy wrote:Matt is right. Where is the source and validity of this so called meeting in mid week. This thread though serious in context is slowly starting to become an Australian bush fire that is getting out of control.

Indeed, although the old adage 'no smoke without fire' also seems to have a bit of truth to it.

Clearly, some people seem to 'know' things that most of us are not privy to. Merse, on BPIR (and he seems to have contacts somewhere), seems to suggest that this weekend could be the last game for CH and that the new regime, plus the current board, have lost faith in him. The vice-chairman certainly has.

In terms of Thea, whilst we would miss her generosity in financing the club, a part of me can't help but hope that this selfless lady protects her fortune. She has done plenty of good with it and I can't bring myself to hope that she fritters away even more of it on TUFC. She needs to withdraw, enjoy her grandchildren and her retirement. She deserves that.

I am not saying I want her to go - far from it - just that she isn't going to have a great deal left if she keeps propping up this football club.

Neal · Post by **Neal** » 20 Jan 2015, 10:17

"In terms of Thea, whilst we would miss her generosity in financing the club, a part of me can't help but hope that this selfless lady protects her fortune. She has done plenty of good with it and I can't bring myself to hope that she fritters away even more of it on TUFC. She needs to withdraw, enjoy her grandchildren and her retirement. She deserves that.

I am not saying I want her to go - far from it - just that she isn't going to have a great deal left if she keeps propping up this football club

Agree!! I would hate to see her throwing good money after bad!! Because that's what football is to 95% of investors/benefactors. And definitely is in Torquays case, its not an investment its a gift, you will never see your money again

PlainmoorRoar · Post by **PlainmoorRoar** » 20 Jan 2015, 10:54

For me Bristows bench will be in recognition of both Paul and Thea, without them both Torquay United might not exist at all.

There is no question extra funding is needed for the future of TUFC, whilst i imagine her accountant must be screaming at her to make a quick escape, she has tufc at heart and I have faith she won't sell (if that is the case) to a Roberts type character.

Gloomy Gull · Post by **Gloomy Gull** » 20 Jan 2015, 13:08

PlainmoorRoar wrote:For me Bristows bench will be in recognition of both Paul and Thea, without them both Torquay United might not exist at all.

There is no question extra funding is needed for the future of TUFC, whilst i imagine her accountant must be screaming at her to make a quick escape, she has tufc at heart and I have faith she won't sell (if that is the case) to a Roberts type character.

I am absolutely sure that she would not knowingly or willingly do so, but I am concerned .... is there enough acumen on the entire board to identify such an approach ?? It appears to me that the directors with the most business experience have already left.

IF, and it is all conjecture at the moment, there are some sort of take over talks going on/about to start, I have to believe that Thea's accountant undertakes considerable due diligence research on any prospective investor/purchaser for the sake of the club, and Thea.

brucie · Post by **brucie** » 20 Jan 2015, 15:20

In all fairness - is it any wonder the board may have lost faith in the manager? Our results are completely woeful, really they are a disgrace. I would have expected the odd defeat away from home to poor teams but really? one win in nine away games (including being beaten by a host of part timers) just isn't good enough. We should be doing far better than we are - not because we are any great shakes but our squad isn't any worse than most of the top half teams. If that is true then obviously you have to llok at the manager surely?

nickbrod · Post by **nickbrod** » 20 Jan 2015, 19:21

Story emerging in HE online about Hayes & Yeading assistant boss in talks with Club regarding a take-over. Could explain why Elliot Benyon went there, of all places, on loan.
Apparently this guy has South Devon connections.
Read the story for more details.

lucy6lucy · Post by **lucy6lucy** » 20 Jan 2015, 19:22

Here's the link. http://www.torquayheraldexpress.co.uk/T ... story.html

nickbrod · Post by **nickbrod** » 20 Jan 2015, 19:49

Should there be some truth in this story hopefully that puts to rest the fear of part-time or administration?
Some positive vibes going into Saturday's Trophy match would be welcome after recent negativity and uncertainty.

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