bay52
TFF member
Posts: 132
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Post by bay52 on Jul 11, 2016 17:05:40 GMT
i tried to tell you and now you know i did not
buy cheap tickets. if i may say i love the club
and all the fans ,i just cant let the current board.
take the mickey .come on the tusk do what you can to
sort the mess out, and i would like say sorry to torquay fans ltd
for not believing you months ago we can all see that
you where correct in your statements. if you read this .can you say
you are sill interester in the club or not i for one would like to know. thank you .
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Post by loyalgull on Jul 11, 2016 17:30:24 GMT
all i will say monday AGM will be a joke. we will be told nothing of importance.and on monday you will all see sorry but that is how it will be. thay hide behind rule 119 of a take over. and that is why GI /P MATERS HAS BEEN GIVEN A EXTRA 30 DAYS to the 1/8/2016. i will not tell you my source, sorry i just cant . Well got to give you your dues you were spot on bay52 starting too appear pretty shady at tq1 now!!!!! |
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midlandstufc
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Favourite Player: Dawkins lol
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Post by midlandstufc on Jul 11, 2016 17:41:32 GMT
Come on Dave, talk to TUST.
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Post by plainmoorpete on Jul 11, 2016 18:15:49 GMT
Come on Dave, talk to TUST. I think today's events show how impotent he is. The agreement with GI should be torn up, and the club allowed to get on finding a way to survive in what ever form that might take. |
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bay52
TFF member
Posts: 132
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Post by bay52 on Jul 11, 2016 19:34:19 GMT
That will be Pete Masters then, or a front man for him. Time will tell.
Watch BBC sports news chairman looks not so honest.
Why did the directors all go Truro this week - to see Pete Masters?
If you doubt this ask them, or look at the webcams on the A30.
YOU SHOULD know the truth for we are all Torquay United fans we are the club and without us there would be no club!
lets us take control of are club. with true fans.LETS DO IT,
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Rob
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Post by Rob on Jul 11, 2016 21:01:39 GMT
I would like say sorry to torquay fans ltd for not believing you months ago we can all see that you where correct in your statements. Classic. Tbh, if "they" plough their funds into TUST then I, for one, would respect that. |
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bay52
TFF member
Posts: 132
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Post by bay52 on Jul 11, 2016 21:13:52 GMT
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chelstongull
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Post by chelstongull on Jul 11, 2016 21:16:51 GMT
Response from the TUST, printed in full.
"Response to todays AGM
Speechless!!!
As soon as Gaming International was first mooted as prospective purchasers of Torquay United I started to receive messages from concerned supporters. Their overriding worry was that our club might be sold to a business involved in property speculation. Although the board of TUST naturally took careful note of these concerns we chose to wait for the detail of the proposed takeover before taking affirmative action.
All these months later we’re still waiting. Our frustration has grown not only with the lack of progress but also with what amounts to an unsatisfactory cloak of secrecy surrounding the deal. To this effect I have written to David Phillips on several occasions to seek clarification and make the simple request that a clear statement be made to supporters and the local public.
More specifically when TUST released a statement on 1 July 2016 it was issued on the clear understanding that the Memorandum of Understanding (MoU) with Gaming International had expired the previous day. Now we learn the MoU has been extended until 31 July just days before the start of the new season.
The existence of such a long period of exclusivity had certainly not been conveyed in communication from the club and Gaming International. I present a number of extracts from non-confidential emails for your consideration:
18 April 2016 - Clarke Osborne, Gaming International:
"Our plan is to complete our due diligence and forward planning work by the end of the season and to make announcements shortly thereafter. As you know and for Michael’s benefit I should give comfort in the fact that I do not expect any issues surrounding the Due Diligence process. "
28 April 2016 - David Phillips, Torquay United:
"I am also a little frustrated that the deal with GI is not concluded as yet. However, they are doing a thorough search regarding due diligence. Things are progressing. In Clarke Osborne own words to me yesterday there is only a 1 per cent chance of the deal not going through i.e nearly a certainty."
29th April 2016 - David Phillips:
"In the extremely unlikely event of GI walking there is a plan B."
6th June 2016 - David Phillips:
“The MOU with Gaming international runs until the end of June. We will naturally have more information then. If you want to contact the club it would be best if you communicate with our secretary Rob Stanley.”
As Chairman of TUST I believe it is imperative call upon David Phillips and his board of directors to answer the following questions:
Following today’s AGM David Phillips has spoken of various obstacles preventing completion of the deal. What are these and how are they going to be overcome?
When does the MoU with Gaming International actually come to an end?
Is there a Plan B? If so, what is it? Who does it involve?
If the MoU failed to be satisfactorily concluded would the search for new investors have to legally start again?
If GI pulls out of the deal will it want any money back and, if so, when? Would a rate of interest be applied to repayments? Can the club meet these repayments?
I urge David Phillips to respond to these concerns – point by point - as soon as possible. I would be happy if this was through the club website, the local media or a letter to myself which I can reproduce for each TUST member.
Kind Regards...
Michael"
Anyone from the TFF there today?
Please remove if copying this is not a correct thing to do.
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Rob
TFF member
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Post by Rob on Jul 11, 2016 21:28:42 GMT
You need to ask yourself that. My answer is a firm yes. That may surprise you, but I would hope that TUFC Fans Ltd members might feel similarly, as the sums they have been able to invest previously dwarf any amount I might be able to. Just as before, you have to be prepared to lose that amount when saving the club. Previously it was, of course, hoping that you would not. TUFC Fans Ltd members walked away before GI showed an interest. I would say taking the plunge a second time would be far better for the club if it were done by throwing their lot in with TUST. What say you, bay52? On a separate note, it is good to see TUST proactively addressing the upshot of today's shareholders AGM. TUFC Fans Ltd may agree with their reaction and seek similar answers. They may not. I have no idea. But I hope the motivation to put something out there tonight or tomorrow in addition comes second to their desire to see the club survive as this is not a vanity parade. It's more serious than that. |
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rjdgull
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Post by rjdgull on Jul 11, 2016 23:09:23 GMT
link - take from the Herald today! Contradictory information about the period of the Memo of Understanding - Phillips in above article says there was no change in this for 1 August but in email of 6th June above indicates it was the end of June - maybe not the first time this was moved as were initially looking at end of April. As suspected, GI not playing with a straight bat - no surprises there but beggars belief that we are even talking to them as they won't be safe custodians of the club. Obvious that board are absolutely desperate to push this deal through with everything they have agreed to. After the TUST debacle I do not have much faith in a so called plan B. Taking advice from another Chairman and singing his praises does not fill me with confidence either. I hope the fans get one last opportunity to save the club........
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bay52
TFF member
Posts: 132
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Post by bay52 on Jul 12, 2016 6:19:37 GMT
rob i am not tufc fans ltd or colin authors. i wish i was,i have to say thay where right all a long.
maybe thay get information from the same sources as me i just dont know. but thay did not walk away
thay joined tusk. you me all have will have a serious chance of getting are club back.soon or it
may go in to ministration. let's all stand together and we all will win this BATTLE for are club.
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Rob
TFF member
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Post by Rob on Jul 12, 2016 10:39:11 GMT
rob i am not tufc fans ltd or colin authors. i wish i was,i have to say thay where right all a long. maybe thay get information from the same sources as me i just dont know. but thay did not walk away. I didn't say you were, bay. But they did walk away from ownership. Now is their opportunity to throw their lot in with TUST for the benefit of our Club. Did you ask yourself your question though, bay? Would you? |
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bay52
TFF member
Posts: 132
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Post by bay52 on Jul 12, 2016 18:19:13 GMT
yes i would.but i dont have a lot of money,but happy to help.
by the way the roberts where never registered as directors
check compamies house.i thought you should know that.
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Rob
TFF member
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Post by Rob on Jul 12, 2016 21:56:02 GMT
Thanks for answering. They were considered owners, however. And did walk away. Although it's what they and others do next that most might judge by, I suppose. I am glad TUST asked those questions yesterday. Have they been at least acknowledged as received yet, I wonder?
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bay52
TFF member
Posts: 132
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Post by bay52 on Jul 13, 2016 6:01:28 GMT
yes thay have rob.les see what come of it?
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