Torquay have new owners as deal with Bryn Consortium completed

The remaining consortium members have been appointed as board directors, with Bowes-Cavanagh and Westcott serving as co-Chairs. Sam Barnes (compliance and law), Joe Lovell (interim CEO), and Neil Warnock (football) are joining the board as non-executive directors. Jon Gibbes has been named finance manager and club secretary. Mel Hayman, George Edwards, and Clarke Osborne have all stepped down as directors.
“We are thrilled that creditors have accepted the administrator’s thoughtful proposal and that the transaction is now complete,” Bowes-Cavanagh stated. It now enables us to collaborate with Plainmoor employees and quickly carry out our goals. We would want to express our gratitude to all of the staff members who have been working incredibly hard under extremely trying conditions over the past few months.
“We are thrilled that creditors have accepted the administrator’s thoughtful proposal and that the transaction is now complete,” Bowes-Cavanagh stated. It now enables us to collaborate with Plainmoor employees and quickly carry out our goals. We would want to express our gratitude to all of the staff members who have been working incredibly hard under extremely trying conditions over the past few months.
“Over the past few weeks we have developed a close working relationship with the administrators from Begbies Traynor and we thank them for their pragmatic and professional handling of an extremely complex process,” stated Westcott, who headed the consortium throughout the buy-out process. We are eager to continue working on the project and getting ready for the upcoming season. In the upcoming days, we plan to make a number of announcements regarding events both on and off the pitch.

Begbies Traynor’s Exeter office partner and joint administrator, Scott Kippax, stated: “This is an excellent outcome for this historic football club, its fans, and the creditors.”

“It is always really fulfilling to be able to turn around extremely challenging conditions for the club, and we are appreciative of everyone who has put in a great deal of effort to get here. We wish the Bryn Consortium all the best as they move the club forward, as they have shown a complete dedication to serving the interests of all stakeholders.

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