Jon
Admin 
Posts: 6,912
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Post by Jon on Mar 31, 2023 23:44:23 GMT
The problem with scaling back though is you are likely to lose supporters and have even less money so you get sucked into a downward spiral. The club seems to have made a special effort to lose supporters. |
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petef
Match Room Manager
Posts: 4,626
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Post by petef on Apr 1, 2023 13:57:58 GMT
Quite likely be in a totally different place now if there had not been so much opposition to Osbourne's original plans though i guess we'll never know. Sorry Pete, I don’t understand. What original plans were these? What opposition? How would things have been different? Better or worse? No problem jon. My understanding was that Osbourne wanted to move the club to a new multi purpose stadium and create what may have been a more efficient and sustainable business model. We all know Plainmoor cannot create meaningful extra revenue, never has and never will as it stands At the time of Osbourne's announcement it was understandably greeted with derision, considering his track record, both from supporters and the general public. Nobody wanted it and it was very clear to see that he would never get what he really wanted. My statement in the post was that things may well be different had his proposal had not been so fiercely opposed from all directions. We now face the inevitable financial struggle and debt that's building despite obvious cut backs. I Can't see that changing unless we continue to reduce costs and drop to a more sustainable part time level. I live very close to the devon fa coach road set up and walk by it most days. Since they constructed their all weather pitch the site is in constant use seven days a week an example of forward thinking to create income. Another idea, whenever it was suggested that nobody wanted at Plainmoor. The club and the way its managed is way over due for a radical rethink and approach. Will it happen? I very much doubt it we're all stuck in our old ways and most oppose change. |
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Post by bomber on Apr 1, 2023 21:07:58 GMT
Begs the question, what are they actually spending the money on? Wages of playing and non-playing staff, rent, upkeep of facilities, other unavoidable expenses perhaps. No one is saying the money we are getting in is being wasted, Clarke Osborne is obviously not taking any out. The plain and simple fact is that the club is not self-sufficient and is living beyond its means, When that happens you either scale back your loses or go bust. The problem with scaling back though is you are likely to lose supporters and have even less money so you get sucked into a downward spiral. Yes, but we were playing in front of crowds again so turnover should have increased - unless we were getting 4,000 to 5,000 subscribers to the streaming service. Then there is the question of overnights stays, are certain games that were regarded as 'there and back in a day' journeys are now designated as 'overnighters' as an example. |
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Rags
TFF member
Posts: 1,210
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Post by Rags on Jul 7, 2023 8:05:03 GMT
I notice from the club's official website that Riviera Stadium Limited owns 92.91634% of Torquay United AFC Ltd. ( torquayunited.com/contact-us/) Not 92.9163%. Not 92.916%. Not 92.92% Not 92.9%. Not 93%. But 92.91634%. Sometimes I wonder if the OS is powered by ChatGPT...  |
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Post by tustgull on Jul 7, 2023 8:39:38 GMT
Assume individual shareholders own the remaining 7.08366% ?
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Rags
TFF member
Posts: 1,210
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Post by Rags on Feb 28, 2024 9:04:44 GMT
This might have been posted elsewhere, but if so I couldn't find it. According to RSL's accounts to year end 31 March 2023, the debt owed by Torquay United Association Football Club Limited is now £4,567,000. Which in itself is immaterial if Our Clarke is putting the club into administration, but I thought it was worth mentioning...  |
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