The Administrators of TUAFC have this morning issued the following statement:
We can confirm that The Bryn Consortium of Michael Westcott, Tom Allen, Mark Bowes-Cavanagh, Rob Hawes and Simon Robinson is the preferred bidder in the proposed sale of Torquay United AFC Limited. During the past week, The Bryn Consortium has emerged as the party that can provide the best prospects for both the club and its creditors in the immediate and longer term.
We expect to make a further progress update next week.