Financial Implications of Shutdown on Torquay United

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Torquay United is staring at a possible financial crisis due to the shutdown caused by coronavirus pandemic. The club suspended all activities recently after the government issued a directive on social distancing and self-isolation.

The club’s manager, Gary Johnson, said that he had not held any conversation with the owner since the shutdown. However, he was convinced that the owner, who also serves as the CEO, George Edwards, is aware of the financial implications of the crisis.

Currently, all football leagues in the country are on hold as the government issued a lockdown this week. Mr Johnson indicated that the players would be recalled once the season resumes. However, the league may not return any time soon since there is no vaccine for Covid-19 yet.

The looming financial implications will affect every member of the club. There could be salary cuts or possible reduction of some workers to cut on the expenses.

However, the manager maintained that the official information from the club would be released after a meeting with the owner. He, however, admitted that the club is currently experiencing financial difficulties whose effect will be felt in the coming weeks.

Mr Johnson expressed his fears that the financial crisis may persist for a long time. However, he noted that the owner is an experienced financial expert who does not rush into important things without proper consultations.

The club’s finance manager is expected to give a financial report to the owner once his team finalizes their calculations. The manager said that he would abide by the directive that will be issued by the owner after evaluating the club’s finances.

The players are currently at their homes with their families. However, training is still ongoing through a personalized programme that was developed by the assistant manager. The players are monitored using a mobile app installed on their phones.

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