Following Tuesday night’s win against Lincoln City, it has been confirmed that Thea Bristow has entered into formal discussions in regard to the majority ownership of Vanarama Conference club Torquay United with a willing and able party.
Due to confidentiality issues, there will be no further information until the due diligence and contract period has been completed.
As is common knowledge, Thea has been in discussions with various groups and the relevant parties, including the TUST (Torquay United Supporters’ Trust), have been informed of this development and understand there is now an exclusivity period. Any further discussion with these groups will continue if this transaction is not completed for any reason.
Thea said: “There has been a lot of hard work to get to this point, and I travel hopefully that we will be able to conclude this deal. It is a big decision to announce at this point, but we all know the way that football works and it is very difficult to keep anything under wraps once a few people know, so I felt it was important to inform you all of this milestone myself. That way you know that the work is continuing to find a solution.
“It is safe to say that this does not mean we are over the line yet, but it is a major step in the right direction. I am also really pleased that the last few results have been positive and I look forward to the final two games of this season.”