By Trend News Line 2024-04-10 04:51:18.
Torquay United AFC Prefers Unnamed Bidder Over TUST-Led Consortium
Former chairman Clarke Osborne’s departure from Torquay United AFC in February was followed by the club being docked ten points by the National League. Last week, the club was officially placed into administration, signalling a tumultuous period for the football club.
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Administrators Lean Towards Unnamed Bidder
Despite the TUST-led consortium being the only group to publicly express interest in taking over the club, administrators seem to be favouring an unnamed bidder. Neil Warnock, who has been working in an advisory role behind the scenes, may not be involved in the final decision.
Preferred Bidder Identified
In a statement released by Torquay United AFC, it was announced that a preferred bidder has been identified to take over the club. The bidder’s identity is being kept confidential for the time being, but this development is seen as a significant step towards securing the club’s long-term future.
Extensive Discussions Behind the Scenes
Following the appointment of joint administrators Scott Kippax, Neil Vinnicombe, and Simon Haskew of Begbies Traynor, extensive discussions and negotiations have been taking place behind the scenes. Out of the bids received by TUFC, one party has emerged as the preferred bidder.
Gratitude Towards All Parties
The club expressed gratitude towards all bidding parties, the club’s staff, the National League, Sport England, Lloyds Bank, the club’s creditors, and most importantly, the supporters. The hard work, assistance, generosity, and patience shown by everyone involved have been instrumental during the challenging past two months.
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Continued Updates Promised
While the identity of the preferred bidder remains confidential at this stage, Torquay United AFC has assured supporters that further updates will be provided as and when possible. The club remains optimistic about securing its long-term future and is appreciative of the ongoing support from all parties involved..
Torquay United reject Warnock ownership bid
Torquay United reject TUST ownership bid.
