somersetspur Posted November 1, 2016 Report Share Posted November 1, 2016 It is all over Twitter. Looks like Mr Masters will be taking over at Torquay in the next week. Rumour has it ,that Steve Tully will be the new mamager. We will wait and see. Link to comment Share on other sites More sharing options...
ECPL Posted November 1, 2016 Report Share Posted November 1, 2016 Didn't know it was April 1st Posted on the Torwuay United web site this afternoon The Board of Directors met yesterday to discuss the proposal put forward by TUST (Torquay United Supporters Trust) regarding Community Ownership. TUST had requested that the Board grant a period of two months exclusivity to them in order that they are able to proceed with the Community Share Issue. After a lengthy meeting in which the Board discussed the Community Ownership issue and other offers made to the club by private investors, a final decision was made regarding the direction the Board would take. The Board of Directors does not feel that they are able to grant an exclusivity period to the TUST due to the nature of the offers received by other investors. The idea of Community Ownership has not been precluded; merely a period of exclusivity is impractical at this stage. The Board would like to assure all supporters that they will endeavour to get the best deal to take this club forward. Read more at http://www.torquayunited.com/news/article/2016-17/club-statement-3393857.aspx#qk2fsXIWZt3yE3JM.99 Link to comment Share on other sites More sharing options...
MOUNTAINEER Posted November 2, 2016 Report Share Posted November 2, 2016 Mr Masters has to be Torquays preferred bidder, many are saying the TUST doesn't have the money and if the GI group is the one I warned about in recent months that has allegedly fallen foul of the Nigeria government tax regulations there wouldn't be a choice, it could be a NEEDS MUST situation. Link to comment Share on other sites More sharing options...
Never-Pay-Never Posted November 2, 2016 Report Share Posted November 2, 2016 A good question over on the Official Forum, "......Do the rules on multiple club ownership apply at our level?" I don't know the answer for sure but didn't Truro's promotion 2 seasons ago prevent Masters from owning or part owning both clubs? If so, then presumably if he got Truro relegated this season dual ownership could be back on the agenda. But to do that you would have to do things like: Get rid of a successful manager Appoint new manager who has track record of getting club relegated with limited player budget. Provide limited funding to manager Get rid of the better players in your squad Replace them with short term loanees who have limited commitment to the club Demoralise players and fans But doing such things would be madness and surely no responsible owner could allow such things to happen? Oh hang on a minute.............. Link to comment Share on other sites More sharing options...
grim reaper Posted November 7, 2016 Report Share Posted November 7, 2016 Interesting that the new Truro website shows Jason Masters as company director and Kim Masters as company secretary yet Companies House records only have Peter Masters and Philip Perry man as being the only registered directors/secretary.Misleading or is it preperation for the inevitable exit strategy..? Link to comment Share on other sites More sharing options...
somersetspur Posted November 8, 2016 Author Report Share Posted November 8, 2016 On 11/2/2016 at 14:03, Never-Pay-Never said: A good question over on the Official Forum, "......Do the rules on multiple club ownership apply at our level?" I don't know the answer for sure but didn't Truro's promotion 2 seasons ago prevent Masters from owning or part owning both clubs? If so, then presumably if he got Truro relegated this season dual ownership could be back on the agenda. But to do that you would have to do things like: Get rid of a successful manager Appoint new manager who has track record of getting club relegated with limited player budget. Provide limited funding to manager Get rid of the better players in your squad Replace them with short term loanees who have limited commitment to the club Demoralise players and fans But doing such things would be madness and surely no responsible owner could allow such things to happen? Oh hang on a minute.............. Whatever are you suggesting.???????????????? Link to comment Share on other sites More sharing options...
ECPL Posted November 8, 2016 Report Share Posted November 8, 2016 What a mess. Could be the end of both Torquay and Truro. Link to comment Share on other sites More sharing options...
somersetspur Posted November 9, 2016 Author Report Share Posted November 9, 2016 Rumour has it that MASTERS offer has been refused,because it was'nt the best one. It has also been said Masters is thinking of improving his initial offer. Torquay must be worth more than the Semi - Detatched house,Masters predicted. Link to comment Share on other sites More sharing options...
somersetspur Posted November 9, 2016 Author Report Share Posted November 9, 2016 According to Mr Masters,the sun is shinning in Truro this morning. News Update,its bl££dy pi££ing down,at the moment. Link to comment Share on other sites More sharing options...
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