Club Ownership
Posted: 15 Mar 2015, 18:17
Once In A lifetime Opportunity
Dear Member...
Further to recent emails, discussions on the fans forums and press stories I would like to take this opportunity to clarify the current situation.
When I first took on the mantle of TUST I was asked a direct question by an existing member (Peter, Member No: 019) about my intentions and whether this was a ‘back door’ attempt by me to get ownership of the club? The first time I was introduced to Kelvin Thomas I was asked the direct question â€Do you want to take over the clubâ€?
In both cases my truthful answer was no, and although contradictory, the statement on the website about the long term goal of TUST to seek eventual club ownership is true, but I qualify that statement by stating that when it was made it was with the expectation of success taking a number of years and certainly after my time as your Chairman. However the opportunity has presented itself and as the man at the wheel and I have put my personal views aside to pursue what I believe to be in the long term interests of the Club and its loyal supporters who as owners can bring the much needed stability that will ultimately delivers success.
It is important to understand that being an owner is not the same as running a club, and as the saying goes we need ’the right tools for the job’, and any plan for ownership would have to include the employment of a professional Chief Executive who will be responsible for the day to day running of the club.
The first part of my meeting with Kelvin last week was to establish the facts of Theas’ resignation and much reported offer regarding her shareholding. Kelvin made it immediately obvious exactly what was on offer and whilst respecting commercial confidentialities, I can report that not to have indicated to the Club the Trusts’ willingness to put forward a serious bid to take over the majority shareholding in Plainmoor Limited would in my opinion have been an act of ‘criminal’ negligence on my part.
As you would expect, the Trust had already considered a number of scenarios prior to the meeting but the generosity of Theas’ offer was a surprise that was neither anticipated nor planned for.
Following the meeting I spoke with the Trust Vice Chairman Robin (who was unfortunately absent due to illness) and we agreed that we would need to establish a plan post haste and not miss this opportunity to get the Club off the 'merry go round' of private ownership.
It is important to note that Kelvin has been quite clear about the fact the Club is talking to other interested parties and that the Trust is not yet the preferred bidder, although I hope that will change once our plan is finalised and we have a mandate from members.
We have already engaged Supporters Direct and commissioned them to help us to produce the first draft of our plan. The clock is ticking and we only have until the end of June to produce and get our offer accepted. The devil is in the detail but I have not seen anything that would make me think ‘we can’t do this’.
Supporters Direct have considerable experience and success helping fans achieve ownership of their clubs in considerably more testing environments. You can find out more information by following the link below.
http://clubdevelopment.coop
Below are our timescales;
1:Establish a working party with the right skills to drive the first stage - planning. (please see below).
2: First draft scheduled for publication to working party on Thursday 19th March for review/discussion.
3: Friday 20th March - Telephone conference with Supporters Direct to finalise plan.
4: W/C 24th March Supporters Direct will present plan to Kelvin Thomas (in USA) via email and Skype.
5: W/C 24th March working party to liaise with Supporters Direct to agree and finalise the plan.
6: W/C 31st March the plan will be presented to TUST MEMBERS who will be invited to vote.
HELP NEEDED
We urgently need 3 or 4 people with management skills, experience of marketing/media and communications, finance and company law/legal experience who can devote some time to this exciting opportunity… if you can help please email me ASAP.
TUST will always support any proposition that is in the long term interests of Torquay United, but the current offer on the table is what I believe to be a once in a lifetime opportunity for the supporters of Torquay United who need to step up, grasp this opportunity with both hands and take control of the destiny of their Club.
Passion and desire is not enough on its own… we need to demonstrate to the Club that we have a viable business plan which includes both management and finance, as well the support needed to make this work.
We currently have 133 members who are legally entitled to vote on the potential future of Torquay United.
I urge all supporters, friends and family of supporters and anyone else who cares about this valuable community asset to join TUST and show the Club the passion that will make our bid for club ownership the right choice.
COYY!
Kind Regards...
Michael...
[email protected]
http://www.torquaysupporters.co.uk/Join.aspx
Dear Member...
Further to recent emails, discussions on the fans forums and press stories I would like to take this opportunity to clarify the current situation.
When I first took on the mantle of TUST I was asked a direct question by an existing member (Peter, Member No: 019) about my intentions and whether this was a ‘back door’ attempt by me to get ownership of the club? The first time I was introduced to Kelvin Thomas I was asked the direct question â€Do you want to take over the clubâ€?
In both cases my truthful answer was no, and although contradictory, the statement on the website about the long term goal of TUST to seek eventual club ownership is true, but I qualify that statement by stating that when it was made it was with the expectation of success taking a number of years and certainly after my time as your Chairman. However the opportunity has presented itself and as the man at the wheel and I have put my personal views aside to pursue what I believe to be in the long term interests of the Club and its loyal supporters who as owners can bring the much needed stability that will ultimately delivers success.
It is important to understand that being an owner is not the same as running a club, and as the saying goes we need ’the right tools for the job’, and any plan for ownership would have to include the employment of a professional Chief Executive who will be responsible for the day to day running of the club.
The first part of my meeting with Kelvin last week was to establish the facts of Theas’ resignation and much reported offer regarding her shareholding. Kelvin made it immediately obvious exactly what was on offer and whilst respecting commercial confidentialities, I can report that not to have indicated to the Club the Trusts’ willingness to put forward a serious bid to take over the majority shareholding in Plainmoor Limited would in my opinion have been an act of ‘criminal’ negligence on my part.
As you would expect, the Trust had already considered a number of scenarios prior to the meeting but the generosity of Theas’ offer was a surprise that was neither anticipated nor planned for.
Following the meeting I spoke with the Trust Vice Chairman Robin (who was unfortunately absent due to illness) and we agreed that we would need to establish a plan post haste and not miss this opportunity to get the Club off the 'merry go round' of private ownership.
It is important to note that Kelvin has been quite clear about the fact the Club is talking to other interested parties and that the Trust is not yet the preferred bidder, although I hope that will change once our plan is finalised and we have a mandate from members.
We have already engaged Supporters Direct and commissioned them to help us to produce the first draft of our plan. The clock is ticking and we only have until the end of June to produce and get our offer accepted. The devil is in the detail but I have not seen anything that would make me think ‘we can’t do this’.
Supporters Direct have considerable experience and success helping fans achieve ownership of their clubs in considerably more testing environments. You can find out more information by following the link below.
http://clubdevelopment.coop
Below are our timescales;
1:Establish a working party with the right skills to drive the first stage - planning. (please see below).
2: First draft scheduled for publication to working party on Thursday 19th March for review/discussion.
3: Friday 20th March - Telephone conference with Supporters Direct to finalise plan.
4: W/C 24th March Supporters Direct will present plan to Kelvin Thomas (in USA) via email and Skype.
5: W/C 24th March working party to liaise with Supporters Direct to agree and finalise the plan.
6: W/C 31st March the plan will be presented to TUST MEMBERS who will be invited to vote.
HELP NEEDED
We urgently need 3 or 4 people with management skills, experience of marketing/media and communications, finance and company law/legal experience who can devote some time to this exciting opportunity… if you can help please email me ASAP.
TUST will always support any proposition that is in the long term interests of Torquay United, but the current offer on the table is what I believe to be a once in a lifetime opportunity for the supporters of Torquay United who need to step up, grasp this opportunity with both hands and take control of the destiny of their Club.
Passion and desire is not enough on its own… we need to demonstrate to the Club that we have a viable business plan which includes both management and finance, as well the support needed to make this work.
We currently have 133 members who are legally entitled to vote on the potential future of Torquay United.
I urge all supporters, friends and family of supporters and anyone else who cares about this valuable community asset to join TUST and show the Club the passion that will make our bid for club ownership the right choice.
COYY!
Kind Regards...
Michael...
[email protected]
http://www.torquaysupporters.co.uk/Join.aspx