Post by tufans on Apr 1, 2016 19:44:07 GMT
Torquay United Fans Limited
Official Statement.
We apologise to all fans and organisations who have emailed us requesting clarity on the shares offer. We would like to clarify our position:
1. In the event that we do not purchase the club in the near future, all money raised via the purchase of shares would be returned to each shareholder.
2. In the event that we do not purchase the club in the near future, all money raised via donations will also be returned to the individuals and organisations who made the donation.
3. Torquay United Fans Limited is purely for the benefit of Torquay United Football Club and the fans, both current and future. We are committed to the success and longevity of the club.
4. All monies raised from the sale of shares and donations will be used for the benefit of the club. Our intentions are as follows:
a) To purchase the club from the current owners.
b) To invest in the team.
c) To install the much needed new drainage system for the pitch.
d) To purchase the freehold of Plainmoor from Torbay Council, whereby protected
covenants would be placed on the land so that no one can develop the site for
personal, financial gain.
e) Torquay United Football Club would only move to a new ground if substantial
funds were available and a new stadium was built first. Then and only then would
Plainmoor grounds be sold for development.
All monies raised would go back in to Torquay United Football Club.
We have had a couple of meetings with the TUST and we have a great deal of respect for the organisation. Unfortunately, they have been unable to raise the substantial sums of money that this venture requires. In November 2015 they had approximately £12, 500
available. We have at this point, significantly more than £12,500 and this does not include any pledges, money raised from shares or fundraisers. We will continue to raise funds for the survival of the club.
We believe that the intentions of the TUST honourable and are for the benefit of the club. However, as a corporation, we believe that we have a greater chance of success due to the established corporate knowledge and sponsorships that we have available.
We would like to state that Mr and Mrs Roberts withdrew as Directors of the current board because they had grave concerns about the direction the current board members and a member of staff (who is no longer with the club) would take Torquay United Football Club. The club is now in the position that they feared it would be. It is always easy to criticise when you do not have the full facts. Mr and Mrs Roberts are devoted fans of Torquay United Football Club and as such, have the best interest of the club at heart. Mr Authers has become a dedicated supporter along with his children and his company has donated in excess of £21, 000 over the last three years. This is by way of machinery and works carried out at the grounds.
We would like to confirm that we have attempted to secure the future of Torquay United Football club since November 2015, but we refused to pay £500, 000 to the directors for their shares in the club. This is because this money was to be paid to the directors individually; therefore, not for the benefit of the club. We understand that they have invested in the club but feel that it is morally wrong that they should profit when the clubs previous owner, Mrs Bristow, gave so much to the club and relinquished her role, requesting nothing. Clearly, the money should be invested into the clubs’ future.
We have always been blocked by the board, with no valid reasons provided. In our opinion, the reasons are becoming crystal clear. We would like to take this opportunity to thank the fans for their dedication and devotion to club and for providing invaluable information.
We have respectfully requested that Torquay United Football Club board of directors come up with a realistic price for the club so that we can move forward with the fans to secure the future of the club. We will keep the fans fully informed of any and all responses received.
We believe that Plainmoor should not be put at risk for development. The fans have already shown how they feel about any proposed development of the land and the risks this would impose on Torquay United Football Club. For those fans and organisations wishing to purchase shares or make a donation, please contact us at yellowarmyfans@outook.com
Yours sincerely
Torquay United Fans Limited
Official Statement.
We apologise to all fans and organisations who have emailed us requesting clarity on the shares offer. We would like to clarify our position:
1. In the event that we do not purchase the club in the near future, all money raised via the purchase of shares would be returned to each shareholder.
2. In the event that we do not purchase the club in the near future, all money raised via donations will also be returned to the individuals and organisations who made the donation.
3. Torquay United Fans Limited is purely for the benefit of Torquay United Football Club and the fans, both current and future. We are committed to the success and longevity of the club.
4. All monies raised from the sale of shares and donations will be used for the benefit of the club. Our intentions are as follows:
a) To purchase the club from the current owners.
b) To invest in the team.
c) To install the much needed new drainage system for the pitch.
d) To purchase the freehold of Plainmoor from Torbay Council, whereby protected
covenants would be placed on the land so that no one can develop the site for
personal, financial gain.
e) Torquay United Football Club would only move to a new ground if substantial
funds were available and a new stadium was built first. Then and only then would
Plainmoor grounds be sold for development.
All monies raised would go back in to Torquay United Football Club.
We have had a couple of meetings with the TUST and we have a great deal of respect for the organisation. Unfortunately, they have been unable to raise the substantial sums of money that this venture requires. In November 2015 they had approximately £12, 500
available. We have at this point, significantly more than £12,500 and this does not include any pledges, money raised from shares or fundraisers. We will continue to raise funds for the survival of the club.
We believe that the intentions of the TUST honourable and are for the benefit of the club. However, as a corporation, we believe that we have a greater chance of success due to the established corporate knowledge and sponsorships that we have available.
We would like to state that Mr and Mrs Roberts withdrew as Directors of the current board because they had grave concerns about the direction the current board members and a member of staff (who is no longer with the club) would take Torquay United Football Club. The club is now in the position that they feared it would be. It is always easy to criticise when you do not have the full facts. Mr and Mrs Roberts are devoted fans of Torquay United Football Club and as such, have the best interest of the club at heart. Mr Authers has become a dedicated supporter along with his children and his company has donated in excess of £21, 000 over the last three years. This is by way of machinery and works carried out at the grounds.
We would like to confirm that we have attempted to secure the future of Torquay United Football club since November 2015, but we refused to pay £500, 000 to the directors for their shares in the club. This is because this money was to be paid to the directors individually; therefore, not for the benefit of the club. We understand that they have invested in the club but feel that it is morally wrong that they should profit when the clubs previous owner, Mrs Bristow, gave so much to the club and relinquished her role, requesting nothing. Clearly, the money should be invested into the clubs’ future.
We have always been blocked by the board, with no valid reasons provided. In our opinion, the reasons are becoming crystal clear. We would like to take this opportunity to thank the fans for their dedication and devotion to club and for providing invaluable information.
We have respectfully requested that Torquay United Football Club board of directors come up with a realistic price for the club so that we can move forward with the fans to secure the future of the club. We will keep the fans fully informed of any and all responses received.
We believe that Plainmoor should not be put at risk for development. The fans have already shown how they feel about any proposed development of the land and the risks this would impose on Torquay United Football Club. For those fans and organisations wishing to purchase shares or make a donation, please contact us at yellowarmyfans@outook.com
Yours sincerely
Torquay United Fans Limited
