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Post by lostinspace on Feb 22, 2024 18:20:27 GMT
Gone into administration, sitting 11th in the National League South, owner Clarke Osbourne ,owned the club since 2016,says he can no longer fund the club, the automatic 19 points deduction will leave the club in 18th position..sad times
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Post by swissgas on Feb 22, 2024 20:07:19 GMT
Gone into administration, sitting 11th in the National League South, owner Clarke Osbourne ,owned the club since 2016,says he can no longer fund the club, the automatic 19 points deduction will leave the club in 18th position..sad times Torquay fans will be glad Plainmoor is owned by the local Council so when a new owner is found they will still have somewhere to play.
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Post by lostinspace on Feb 22, 2024 21:07:47 GMT
Gone into administration, sitting 11th in the National League South, owner Clarke Osbourne ,owned the club since 2016,says he can no longer fund the club, the automatic 19 points deduction will leave the club in 18th position..sad times Torquay fans will be glad Plainmoor is owned by the local Council so when a new owner is found they will still have somewhere to play. [br Though I haven't put a link, if you can, bring the story up and have a read( BBC sports had it online) you may find it a bit interesting, the current owner has links going back to Rovers at Eastville ..
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bluetornados
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Post by bluetornados on Feb 22, 2024 22:38:15 GMT
Torquay United: National League South club to go into administration..By Brent Pilnick, BBC Sport.
ichef.bbci.co.uk/onesport/cps/800/cpsprodpb/104A1/production/_132712766_plainmoorgeneralviewrexfeb20242.jpg Plainmoor hosted matches in the English Football League until Torquay were relegated from League Two in 2014Torquay United are to go into administration after owner Clarke Osborne said he can no longer fund the National League South club. The Gulls, who are 11th in National League South, have been owned by Osborne since 2016 after he bought the club from a fan-led consortium. In his time Torquay have twice been relegated to the sixth tier. They missed out on promotion to League Two in 2021 after losing to Hartlepool United in the play-off final. Osborne has also stood down as club chairman and the club is set to be deducted 10 points, dropping them from 11th to 18th in the National League South table, four points above relegation to the Southern League. "It is with sincere regret that I advise that circumstances beyond my control during the last five weeks have brought me to the position that I an unable to continue financial support for the club and I have today filed on behalf of the directors an intention to appoint an administrator for the club and company," Osborne said in a statement on the club website. Osborne had kept Torquay afloat - the last set of accounts show loans of almost £4.3m to the club. It is expected that that figure is likely to be well past £5m with new accounts for the year to June 2023 due soon. "The financing of football in this country is precarious and can only thrive in the lower divisions where there is either a close collaborative relationship with the local authority, it is a trophy asset or is backed by substantial local individuals and businesses," Osborne added. "I believe that it needs a fundamental overhaul of its financing structure, rights distribution in the lower leagues and recognition that many clubs represent a fundamental part of the local community and its visitor attractions. "Ambitious clubs should, in my opinion, be given special status in their push to bring in investment, develop facilities, bring spend and employment to the local economy." ichef.bbci.co.uk/onesport/cps/800/cpsprodpb/12BB1/production/_132712767_p06fvs0w.jpgClarke Osborne rarely attended Torquay United matchesThe decision leaves Torquay searching for a fourth owner in less than a decade. The Gulls got to the League Two play-off final in 2011 under a consortium backed by the money of late lottery-winning supporter Paul Bristow, whose widow Thea eventually assumed full control. She sold the club for £1 in May 2015 to a consortium of local business people, but they did not have the finances to sustain the club and it was sold in December 2016 to Osborne through his firm Gaming International, which set up Riviera Stadium Limited as its parent company. But Osborne's tenure at Plainmoor has been controversial. He outlined plans for a new stadium but they never got any further than meetings and artists' impressions. Gaming International also owns Swindon's speedway team and his plans for a new stadium for the club have also never borne fruit, while he was also part of a group trying unsuccessfully to build a ground for Bristol Rovers when the club sold Eastville to the furniture firm Ikea. "He's an absent owner, he doesn't come and watch matches," Torquay United Supporters Trust chairman Nick Brodrick told BBC Sport, ahead of a planned protest against Osborne's ownership scheduled for Saturday's home game with Aveley. "We are very vigilant as the Trust. We have a strategy group that's been meeting regularly for the last two or three years and we have plans for any particular scenarios that might develop, like administration, liquidation, or whether it might even result in having to for a phoenix club. "We have plans for all eventualities depending on what happens with Mr Osborne's decisions about the football club." But, in his departing statement, Osborne was still adamant that a new stadium was key to the club's future. "The prospect of creating a new stadium and commercial facility was the driver for the investment, the excitement to deliver something truly transformative for the club and Torbay," he said. "I would reiterate what I have said many times, that Torquay United is blessed with fantastic, passionate support and I am sorry that we have not been able to reach our goal for the club and fans, despite significant effort and investment." He added: "Now is the time for the club, supporters, Torbay community and the Local Authority to come together and continue on the path to the future. "I will assist a change of ownership where and when invited. The detailed plans, proposals and related data for the proposed developments will be gifted to the club as will any time requested to assist in the future planning and development." The club says all money that it earns from now on will be used solely to run the football club adding "legal and administration fees will not be paid from the operational cashflow".
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Post by swissgas on Feb 22, 2024 23:13:10 GMT
Torquay fans will be glad Plainmoor is owned by the local Council so when a new owner is found they will still have somewhere to play. [br Though I haven't put a link, if you can, bring the story up and have a read( BBC sports had it online) you may find it a bit interesting, the current owner has links going back to Rovers at Eastville .. Yes, I was aware of the connection LIS and the late 70’s when the Osborne family were close associates of the controlling Stevens family was when I first started my infatuation with the business side of the club. Administration doesn’t have to be a disaster for a football club so long as the ground is either mortgage free or owned by someone else with a desire to keep on leasing the stadium. So presumably if the Torquay Council consider United to be an asset for the community they’ll be keen to come to a lease agreement with a new owner. I believe that the money which Osborne’s company Riviera Stadium Ltd has loaned the club is an unsecured debt so he will stand in line with the other creditors and probably lose most if not all of it.
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eppinggas
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Post by eppinggas on Feb 23, 2024 9:14:01 GMT
Gone into administration, sitting 11th in the National League South, owner Clarke Osbourne ,owned the club since 2016,says he can no longer fund the club, the automatic 19 points deduction will leave the club in 18th position..sad times Torquay fans will be glad Plainmoor is owned by the local Council so when a new owner is found they will still have somewhere to play. Oh my word, just look at the restraint shown. Through well and truly gritted teeth. I genuinely laughed out loud. Good luck to Torquay. Proper traditional Club. (By bizarre coincidence I was sorting out about 200 old programmes yesterday. Came across a Torquay / Rovers programme from 2013. I've never been to Torquay!)
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Post by swissgas on Feb 23, 2024 13:31:13 GMT
Torquay fans will be glad Plainmoor is owned by the local Council so when a new owner is found they will still have somewhere to play. Oh my word, just look at the restraint shown. Through well and truly gritted teeth. I genuinely laughed out loud. Good luck to Torquay. Proper traditional Club. (By bizarre coincidence I was sorting out about 200 old programmes yesterday. Came across a Torquay / Rovers programme from 2013. I've never been to Torquay!) Even more restraint on the second post epping Yesterday I put together a jigsaw puzzle for the first time in about 20 years ( matron was pleased ) It got me thinking how wonderful these things are. You scatter the pieces on the table then you must have patience and use your noggin to fit them all together so you get the complete picture. And once you’ve put in all that effort you’re much more likely to appreciate the picture and understand its meaning. Whereas if you are simply presented with a picture you’re much more likely to have a quick glance then carry on with something you find more comforting. Well it is philosophy Friday ! PS. When you say you’ve never been to Torquay do you really mean you can’t remember ever going there ?
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Post by lostinspace on Feb 24, 2024 13:56:20 GMT
And as a result..the poison dwarf leaves the club " by mutual consent"
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Post by lostinspace on Feb 24, 2024 14:03:08 GMT
Oh my word, just look at the restraint shown. Through well and truly gritted teeth. I genuinely laughed out loud. Good luck to Torquay. Proper traditional Club. (By bizarre coincidence I was sorting out about 200 old programmes yesterday. Came across a Torquay / Rovers programme from 2013. I've never been to Torquay!) Even more restraint on the second post epping Yesterday I put together a jigsaw puzzle for the first time in about 20 years ( matron was pleased ) It got me thinking how wonderful these things are. You scatter the pieces on the table then you must have patience and use your noggin to fit them all together so you get the complete picture. And once you’ve put in all that effort you’re much more likely to appreciate the picture and understand its meaning. Whereas if you are simply presented with a picture you’re much more likely to have a quick glance then carry on with something you find more comforting. Well it is philosophy Friday ! PS. When you say you’ve never been to Torquay do you really mean you can’t remember ever going there ? Can remember one time there for a game, there were over a thousand rovers fans playing football on the beach with about 4 different footbAlls all in one mass
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Post by Mrs V Smegma on Feb 24, 2024 21:04:41 GMT
Torquay fans will be glad Plainmoor is owned by the local Council so when a new owner is found they will still have somewhere to play. Oh my word, just look at the restraint shown. Through well and truly gritted teeth. I genuinely laughed out loud. Good luck to Torquay. Proper traditional Club. (By bizarre coincidence I was sorting out about 200 old programmes yesterday. Came across a Torquay / Rovers programme from 2013. I've never been to Torquay!) I’ve been there once - a 2-2 draw I think and Manse scored for them (both goals iirc) Have a massive soft spot for them and hope they come through this and can get back into the EFL before too long
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bluetornados
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Post by bluetornados on Mar 14, 2024 8:45:48 GMT
Torquay United docked 10 points in National League South after financial issues..
ichef.bbci.co.uk/onesport/cps/800/cpsprodpb/120C0/production/_132902937_plainmoorgeneralviewrexfeb20242.jpg Plainmoor hosted matches in the English Football League until Torquay were relegated from League Two in 2014The National League has docked National League South side Torquay United 10 points after the club announced its plans to go into administration. The financially-troubled Gulls now have 41 points, three points above the relegation zone, and drop from 12th to 17th place in the table. League rules say intending to appoint administrators is seen as an insolvency event, liable to a 10-point penalty. Owner Clarke Osborne said last month he could no longer fund the Devon club. A number of parties have made bids for Torquay, with the club yet to formally go into administration. On the field the former Football League side have won just one of their last 11 league games and are in their lowest position since they were first elected to the league in 1927. BRFC last played Torquay in April 2014, i fear for them and it may be another 10 years or more until our next meeting...
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bluetornados
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Post by bluetornados on Apr 5, 2024 18:48:39 GMT
Torquay United: Administration confirmed for National League South side..
ichef.bbci.co.uk/onesport/cps/800/cpsprodpb/0562/production/_133087310_plainmoorgeneralviewrexfeb20242.jpg Plainmoor hosted matches in the English Football League until Torquay were relegated from League Two in 2014National League South side Torquay United have formally gone into administration. Owner Clarke Osborne announced his intention to place the club into administration in February and the Gulls had 10 points deducted last month - no extra sanction will be applied. It comes after a deadline for a bid for the club passed on Thursday evening. The club will continue to play its matches with Torquay due to travel to Welling United on Saturday. The decision to go into administration ends the ownership of chairman Clarke Osborne. The businessman took over the club at the end of 2016 with the aim of building a new stadium and selling off Plainmoor to be developed for housing. But his stadium plans never got off the ground and he became unpopular with the fanbase - he rarely attended matches and the club were relegated to the sixth tier for the first time in their history under his leadership. However, he did pump in millions to keep the club going - accounts released recently show his firm Riviera Stadiums Limited lent Torquay United £5.28m in his time in charge - and he is unlikely to see any of that cash now the club has gone into administration. In total the club owed creditors around £7m according to the last accounts - and it may well be that new owners have to take the club from a fully-professional playing squad to a part-time one to get finances back on an even keel.
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Post by lostinspace on Apr 5, 2024 20:30:07 GMT
great shame, always had a soft spot for them,,,, the road back is likely to be a very long one
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bluetornados
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Post by bluetornados on Apr 17, 2024 9:17:50 GMT
Torquay United docked one point for fielding ineligible player..by Daniel Clark
i2-prod.devonlive.com/incoming/article9107416.ece/ALTERNATES/s810/1_PPAUK_Braintree_Town_v_Torquay_United_170224_063.jpg Ross Marshall of Torquay United Torquay United have been hit with a one-point deduction from the National League South table for fielding a suspended player. The Gulls, currently in administration and already hit with a 10-point deduction due to financial issues, now find themselves on 47 points following this latest penalty. This deduction sees Torquay drop to 19th place, just below Truro City, with only three matches remaining this season. It means that the Gulls will not be able to be safe this weekend, which was a possibly had they won away to Bath City, and other results gone their way. While the National League has not disclosed the identity of the suspended player, the FA's website indicates that Ross Marshall confessed to playing for them in the 1-1 draw against Weymouth on 2nd March while under suspension.and was fined £250. The club also received a £250 fine for permitting a suspended player to participate. In addition, Torquay has been slapped with a £750 fine by a National League independent tribunal.
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bluetornados
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Post by bluetornados on Apr 17, 2024 9:24:35 GMT
Taunton Town 1 Torquay United 2 - Gulls are safe from relegation..By Richard Hughes.
i2-prod.devonlive.com/incoming/article9228969.ece/ALTERNATES/s810/1_PPAUK_Taunton_Town_v_Torquay_United__160424_007.jpg Goal celebration for Brett McGavin of Torquay United during their match between Taunton Town & Torquay United at Wordsworth Drive on 16th April, 2024 in TauntonTorquay United will be playing National League South football again next season after avoiding the drop to the Southern League with a 2-1 win at Taunton Town this evening. Whatever happens at Torquay on Saturday when they take on Havant & Waterlooville, Torquay cannot now finish in the relegation zone after a battling performance at Wordsworth Drive, where they also had to survive a gruelling 12 minutes of second-half injury time. Torquay started so well and were 2-0 ahead by half time after goals by Brett McGavin and Asa Hall. But they were really tested in the second half with Ollie Chamberlain getting a goal back within minutes of the restart. But survive they did, and with a summer of change forecast for the club in administration, starting again next season at the same level after having 11 points deducted is a huge positive. i2-prod.devonlive.com/incoming/article9228973.ece/ALTERNATES/s1200e/0_PPAUK_Taunton_Town_v_Torquay_United__160424_012.jpgGoal celebration for Asa Hall of Torquay United during National League South match between Taunton Town and Torquay United..More than 800 Torquay fans celebrated with the players at the end - and Saturday's game at Plainmoor will be a breeze after this. A time to relax at the end of a remarkable season for the club and its fans.
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bluetornados
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Post by bluetornados on Apr 28, 2024 11:00:12 GMT
I laughed out loud reading this story: Torquay United saved by a Police dog in the 1986-7 season..by Lewis Steele.Torquay United are the club once saved by a dog. On the final day of the 1986-87 season, the Gulls were facing relegation, 2-1 down against Crewe Alexandra deep into the second half when a police dog, Bryn, ran on to the pitch and took a chunk from Torquay defender Jim McNichol’s thigh. The German Shepherd episode, which features in the Netflix series Losers, prompted an elongated period of added time during which it became clear results elsewhere meant Torquay only needed a point, or one goal, to stay up. They duly scored, sending Lincoln down instead. McNichol, who went on to be a publican, needed 17 stitches and was perhaps lucky the bite just missed a key artery in his leg. As for Bryn, his canny police work — he thought McNichol was a pitch invader — has been celebrated ever since at Torquay. A local brewery even named a beer after the late dog. i.dailymail.co.uk/1s/2024/03/01/09/81910415-0-image-a-18_1709283774359.jpg
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bluetornados
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Post by bluetornados on May 10, 2024 18:12:07 GMT
Neil Warnock set for role at Torquay under new owners..BY Brent Pilnick, BBC Sport England.
i2-prod.devonlive.com/incoming/article9185557.ece/ALTERNATES/s1176b/1_PPAUK_Torquay_United_v_Hampton_and_Richmond_fo_230324_019.jpg Michael Westcott (2nd from left, next to Neil Warnock) in attendance during the National League South match between Torquay United and Hampton and Richmond Borough at Plainmoor, Torquay on Saturday 23RD March 2024Neil Warnock is likely to take on a role at National League South side Torquay United following the club's takeover. The Bryn Consortium - made up of local businessmen - have bought the club, subject to creditor approval. Warnock, 75, managed Torquay in 1993 and has been advising the consortium as they bid to buy the club, which had been in administration. Warnock's last role in football was a short-lived spell in charge of Aberdeen. He has managed 15 more clubs in the EFL and Scotland, leading the likes of Queens Park Rangers, Sheffield United and Cardiff City to promotion to the Premier League. He also saved Rotherham United and Huddersfield Town from relegation to League One in recent years. "Neil's knowledge of football is second to none," Torquay's new co-chairman Michael Westcott told BBC Sport. "He knows our club very well, he knows our region very well. "He and I have spent an awful lot of time together over the last six weeks or so and I think that relationship will continue." i2-prod.devonlive.com/incoming/article9185544.ece/ALTERNATES/s810/1_PPAUK_Torquay_United_v_Hampton_and_Richmond_fo_230324_007.jpgWestcott and fellow Torquay businessmen Mark Bowes-Cavanagh, Tom Allen, Rob Hawes and Simon Robinson make up the Bryn Consortium, which is named after the police dog that bit Gulls player Jim McNichol during the final match of the 1986-87 season. i2-prod.devonlive.com/incoming/article9237842.ece/ALTERNATES/s810/1_PPAUK_Torquay_United_v_Havant_and_Waterlooville_fo_200424_001.jpgWestcott is keen to emphasise that his consortium will be "responsible owners", and will not put the future of the club at risk. He says the consortium want it to be a sustainable club that can stand on its own, without the need for owner support in the long term. And he says everyone who is owed money by the club will be repaid in full, not just football creditors. "It's really important to the club, and to us as members of the consortium, that the creditors get looked after," he said. "Key and fundamental to our proposal is that we believe that Torquay United should pay all of its bills. "We're required to do so by the football authorities, which we think is the right thing and the good thing and a good rule, and we will honour those commitments. "100% of all the money owed by the club to them will be settled over the next six months." The Gulls staved off relegation thanks to a goal scored by Paul Dobson, in the stoppage time caused by the incident. "I think that Neil's reputation precedes him," Westcott added. "I think he's a very reassuring presence both to young players and experienced players, and also to a football team manager. "He's been around the football world for more than 40 years and the fact that Torquay United can benefit from his experience, his contacts, his presence, his personality, I think will be of tremendous support for the club as we start thinking about how we can be as competitive on the pitch as we possibly can."
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