National South League Torquay United AFC Limited has released the following statement from Begbies Traynor:
'Scott Kippax, Neil Vinnicombe and Simon Haskew of Begbies Traynor have been appointed as joint administrators of Torquay United AFC Limited. They are legally advised by Robin Koolhoven of Stephens Scown LLP.
The administrators said the appointment signifies a positive step
towards transfer of ownership. A further announcement is anticipated
within the next two weeks when the administrators hope to confirm that
the Club’s future has been secured.'
In a second statement the club has said there will not be a deduction for going into administration.
'TUFC can confirm that it has now received firm bids from parties interested in purchasing the Club, and a further announcement is anticipated to be made within the next fortnight, when it is hoped that the Club will then be in a position to confirm that its long-term future has been secured.
With Torquay United having already been subject of a ten-point deduction for announcing its intention to appoint administrators on 22nd February 2024, supporters are assured that the Club being placed into administration will have no additional bearing on the team’s National League South status, and that no further points deduction will be applied.'