Torquay United Saved from Extinction by Bryn Consortium Takeover

Torquay United, a National League South club, has been rescued from collapse after a sale agreement was reached with the Bryn Consortium, a group of six local businessmen. The consortium promises to restore the club's sustainability and competitiveness, aiming for openness and honesty with fans.

author-image
Trim Correspondents
New Update
Torquay United Saved from Extinction by Bryn Consortium Takeover

Torquay United Saved from Extinction by Bryn Consortium Takeover

Torquay United, a National League South club, has been rescued from the brink of collapse after a sale agreement was reached with the Bryn Consortium, a group of six local businessmen led by Michael Westcott. The consortium promises to restore the club's sustainability and competitiveness, aiming for openness and honesty with fans.

The Bryn Consortium, which also includes Mark Bowes-Cavanagh, Tom Allen, Rob Hawes, and Simon Robinson, has formed a new company called Scoring Goals Limited to complete the purchase, subject to creditor approval. Under the proposed deal, all tax debts and trade creditors will be paid in full within six months.

Michael Westcott, a 57-year-old lifelong Torquay United fan with a successful track record in business, expressed the consortium's commitment, stating,"We have been thinking about this for several weeks and we have thought very very carefully about the business model, about addressing the sustainability question at the same time being competitive because we are not a club without ambition. "He assured fans,"One thing I will assure everyone, as long as the six of us are involved in Torquay United, we will never ever find ourselves in this awful position again."

Torquay United was formally put into administration in April after former owner Clarke Osborne revealed he was unable to continue funding the team, with his loans to the club rising to £5.28 million. The Gulls finished the season in 18th place, their lowest ever finish in the football pyramid, but avoided dropping into the seventh tier by seven points.

Scott Kippax, joint administrator and partner at Begbies Traynor's Exeter office, stated, "This proposal is the best possible outcome for creditors, the club, and the fans. We are delighted to have reached the point of a conditional sale agreement, which would see all tax debts and trade creditors settled in full in a relatively short period of time."

The Torquay United Supporters Trust (TUST) welcomed the takeover, with a statement saying,"TUST is delighted that the Bryn Consortium are the new custodians of Torquay United, heralding a new era for the long-term future of our football club. "TUST board members are set to meet with the Bryn Consortium on Monday to formalize their involvement and fan engagement in the running of the club.

As part of the new ownership, veteran former manager Neil Warnock, 75, who managed Torquay in 1993, will join the club's board of directors as a football advisor. Warnock's first task will be to help find a new permanent manager, as the club has not had one since Gary Johnson left in February. The club is close to appointing a new manager, with an announcement expected on Tuesday.

The Bryn Consortium has pledged that the budget for next season will be one of the biggest in the sixth tier, according to the National League. However, it remains unclear whether the club will remain full-time or switch to part-time contracts. The new owners will issue a series of updates to supporters next week on their preparations and plans for the forthcoming season.

The sale agreement, reached exactly 37 years after a famous incident involving Bryn, a police dog, during a match against Crewe Alexandra, marks a new chapter for Torquay United. With the backing of the Bryn Consortium and the support of the fans, the club aims to rebuild and compete successfully in the National League South next season.