Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Torquay Chairman Thea Bristow Steps Down

Wed 11th Mar 2015 | Clubs Ownership

Torquay United have confirmed today that Thea Bristow will step down as Chairman at the end of this season.

Mrs Bristow, who will remain in post and continue to fund the club until the end of the financial year in June has been at the club since she and her late husband Paul, backed a takeover of the club in 2007 after winning £15 million on the National Lottery.

In a statement released by the club, Mrs Bristow said: “I have been thinking about this decision for a while and it is best for me and my family that I step down to allow others to take the club forward.

“As I am sure people will appreciate, the role of Chairman can be a stressful one and recently it has had an impact on my health. Therefore, now is the right time to say that I think I have done enough.

Mrs Bristow also confirmed that she would transfer loans to the club worth £3m into shares, effectively leaving the club debt free.

“I have told the Board I will continue to fund the club until the end of the financial year and I will also arrange for my loans to be transferred into shares. Therefore, at that time, I will pass them on debt free.

“Kelvin Thomas has kindly agreed to stay until the end of this period to help the club and me with this transition, which I have agreed to fund personally. His hard work will continue to find the right custodians and help to improve the structure of the club.

“We are currently talking to a group interested in purchasing the club, and these discussions will continue. We are also aware of the Torquay United Supporters’ Trust (TUST) desire to own the club, so this would be a great time for them to step up and make that commitment, and there is always the option of a Consortium Mark Two, which has been muted.

“Finally, I would like to thank the fans, my family and friends for all the kind wishes and support over the years and I look forward to being a noisy part of the Yellow Army for years to come.”

Torquay have also confirmed that Mrs Bristow’s son Alan, a director at the club, will be stepping down at the same time.

Posted by: Aaron Gourley

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

EFL To Consider US Style Interventions At Troubled Clubs

Thu 21st Sep 2017 | Clubs Ownership

Giving the EFL unprecedented American-style powers to take over the running of clubs in crisis will be on the agenda when clubs meet today to discuss how the situation which ravaged Leyton Orient can...

Ossett Albion Takeover Brings Readymade Academy

Wed 13th Sep 2017 | Clubs Ownership

The founders and directors of Unita, a local based facilities management company, have taken the reigns at Ossett Albion in a move which sees the EVO-Stik North club inherit a ready-made football...

Southampton Secures Chinese Investment Partners

Mon 14th Aug 2017 | Clubs Ownership

Southampton Football Club has announced the formal conclusion of talks which will see Chinese businessman Mr Jisheng Gao take a stake in the Premier League club. In a letter to fans issued on Monday...

Altrincham FC Seek New Investment

Thu 13th Jul 2017 | Clubs Ownership

At a recent Extraordinary General Meeting, the shareholders of Altrincham Football Club passed a series of motions which will now allow the club to bring in new investors. A new controlling share in...