Following on from the announcement last Friday that Scott Kippax, Neil Vinnicombe and Simon Haskew of Begbies Traynor have been appointed as joint administrators of the Club, extensive work and discussions have been taking place behind the scenes over the past few days.
Out of the firm bids received by TUFC, one party has now been identified as the preferred bidder. However it is not believed to be the consortium involving Torquay United Supporters Trust (TUST) and former manager Neil Warnock as well as a group of local businessmen.
Although the preferred bidder will remain confidential at this stage, this news is the latest, and perhaps most significant yet, towards securing the Club’s long-term future.
We will continue to provide supporters with further updates as and when possible, however in the meantime, we would like to place on record our thanks to all bidding parties, the Club’s staff, National League, Sport England, Lloyds Bank, Club’s creditors and most of all our beloved supporters for their hard work, assistance, generosity and patience during the past two months
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