Remarkable response to TUFC Community Share Issue

The Torquay United Community Share Issue has now closed and the response has been nothing short of incredible.

In this process, Torquay United Supporters’ Trust has raised almost a quarter of a million pounds, welcoming over 500 investors in a wonderful recognition of the change in positivity toward the club now that the Bryn Consortium has taken over from the previous regime.

The TUST statement read: ‘The TUST board are delighted to announce that the amazing sum of £205,501 has been raised through Crowdfunder for the Yellow Army Share Issue with a further £16.500 raised from direct payments received.

There are a total of 534 investors, of which 96 are Platinum Investors pledging £1,000 or more. TUST has seen its overall membership increase to 1,140.

The total of £222,201 will be used in its entirety to buy shares in TUAFC with all the costs associated with running the share issue and collecting the investment sums being met from existing TUST funds.

This, together with the £50,000 previously invested from TUST’s Forever Yellow Fund, means that TUST will have invested a total of £272,501 in the Club, which will secure TUST a 28.6% shareholding in the Club and secure two places on the board forever.

There is a considerable amount of work to be done by TUST volunteers now to reconcile the pledges, check TUST memberships and arrange the rewards for Gold and Platinum investors. We will be contacting all investors shortly to confirm their details, including the names they wish to see on the 3rd shirt and the Investor Members Board’ to be displayed at Plainmoor.

On behalf of the TUST board and the TUAFC directors, thank you once again to all who have purchased community shares.

The Yellow Army have demonstrated what One Club United really looks like!’