A group of local businessmen are poised to rescue financially struggling Torquay United from its recent administration woes.
Former owner Clarke Osborne's inability to sustain the National League South team, compounded by the withdrawal of property development backers, led to the club's financial turmoil.
Enter the Bryn Consortium, comprising Michael Westcott, Tom Allen, Mark Bowes-Cavanagh, Rob Hawes, and Simon Robinson, emerging as the preferred buyers. Meanwhile, the Torquay United Supporters' Trust remains engaged in discussions regarding potential investment opportunities.
In a statement released by the club's administrators, the Bryn Consortium is hailed as the most promising prospect for both the club and its creditors, there is hope for stability in both the short and long term. The club's recent performance reflects its tumultuous journey, finishing 18th in the sixth tier of English football, its lowest standing since joining the EFL back in 1927, exacerbated by a total of 11 points deducted throughout the season.
This impending change in ownership marks the fourth transition since 2007. Initially, a consortium of local entrepreneurs, with backing from lottery winner Paul Bristow, took the helm. However, following Bristow's passing, his widow relinquished control, leading to a supporter-led ownership era in 2015, which proved short-lived due to financial constraints.
Osborne's tenure saw Torquay United endure two relegations to the National League South, although the team came close to EFL promotion, notably reaching the 2021 National League promotion final, where they fell to Hartlepool United on penalties. As the Bryn Consortium steps in, Torquay United faces a renewed opportunity for stability and progress, potentially charting a new course in its storied history.
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