Four days left to purchase community shares and help shape the future of TUFC
Following a magnificent response to Torquay United Supporters’ Trust’s Community Share Issue(CSI), there are now just four days left for Gulls fans to make the most of the opportunity to purchase community shares in TUST, and invest in their beloved football club.
After reaching their initial target of £100,000 with plenty of time to spare, the Yellow Army have continued to make the most of this unique chance to become indirect shareholders of Torquay United. With the funds raised from the CSI not only boosting TUFC’s prospects of its long-term ambition of regaining its EFL status, it will also help safeguard the Club’s long-term future and place it on the path towards financial sustainability.
Some 400 individual investors have already pledged their support for TUFC, and there is still time for more to join them, as the stretch goal of £250,000 – remarkably – begins to come into view!
TUST’s acquisition of 6.87% of the Club’s shares (via the £50,000 ‘Forever Yellows’ fund) has already been completed, and the Supporters Trust’s TUST’s shareholding will now increase further, following completion of the CSI.
Enhancing TUFC’s prospects now
As well as safeguarding the club for future generations of the Yellow Army, investing into TUFC via the Community Share Issue will also enhance United’s prospects on and off the pitch in the short-term too.
These funds will be used however deemed best by the Club’s Board, but may include providing additional investment to Paul Wotton’s first-team playing budget, enhancing the facilities around Plainmoor to drive new revenue opportunities, supporting the club’s youth structure and Academy, or boosting TUFC’s commercial and hospitality operations – both of which are crucial in order to create a thriving and fully-sustainable professional football club.
With two TUST Board seats, supporters will be able to directly influence how the TUFC Board prioritises investments back into your football club.
What do I need to do?
Firstly, you need to become a TUST member to participate in the CSI.
A range of supporter investment packages are available which will offer the same level of input towards Torquay United’s future. These packages start from just £250, with each package offering a range of additional benefits provided by the Bryn Consortium.
All payments will be pledged via the TUST’s designated crowdfunding page: www.tust.co.uk/yellow-army-share-issue, where supporters will also be able to obtain further details, including the benefit packages, by clicking on ‘Buy Shares’.
TUST Chairman, Nick Brodrick, says:
“We are at an exciting time in the history of the Club and its fan base and we at TUST, on behalf of our members, have worked alongside the Bryn Consortium to reach this point.
“This is a once in a lifetime opportunity for all Torquay United supporters to have a voice in the running of the football club through investing in the CSI. Your support is much appreciated”
Where can I find out more?
TUST, like the Bryn Consortium who are all lifelong supporters, prides itself on transparency with its members and fans, and therefore it is important all supporters wishing to partake in the Community Share Issue understand what they are committing to, and the full benefits this will have for their football club – now and in the future.
With this in mind, TUST has produced a comprehensive CSI offer document which explains how the scheme works and the benefits for investors. This is available to read on the Crowdfunder page via: www.tust.co.uk/yellow-army-share-issue
Any supporters who have any further queries, or would like further information, can contact TUST by emailing [email protected]