A group of Devon businessman, led by Torquay United's commercial manager Dean Edwards has tabled an offer to take over the club.
Former owner Thea Bristow last week passed 80 per cent of her shares in Plainmoor Ltd, to a group of directors and it is that controlling interest which Edwards' group is trying to acquire.
Rugby now, and Cornwall have beaten Hertfordshire in the County Championship.
The win at Redruth means they top the Division One South table, and reach the final at Twickenham for the third year running. The final score was 25 - 18 to Cornwall. They'll be playing Lancashire in the final next Sunday - kick off is at midday.
Thea Bristow has officially handed over ownership of Torquay United after transferring 80% of her shares over to a group of existing directors.
Today is a bitter sweet day for me. I have transferred the majority of my shares and it has closed the chapter of my ownership of the club. I certainly have had mixed emotions throughout this whole process, but know that it is the right decision for me and my family.
I look back and hopefully Paul and I made a bit of a difference. There have been some great times and some not so great times, but overall, whatever decisions we made, they were always in the best interests of the club.
One thing I do know is that whenever I come to the ground, I am always so proud of seeing Bristow’s Bench and the lasting legacy to both Paul and the club.
I, like any fan, can’t wait to see us back in the Football League and look forward to cheering the team onto that.
I wish the Directors in luck taking on this challenge. For me, knowing I had to move on, this route has given me the chance to pass my shares onto people who know and care for the club, especially in time for any Conference deadlines.
The Directors have assured me that they will continue speaking to the TUST and other consortiums for further investment or help, plus that they have the capability to run the club next season. I am sure they will announce their plans more formally over the coming weeks.
I look forward to watching and supporting as a fan and thank you for all the support and kind wishes during my time as Chairman.
Football is often called the beautiful game and a special football tournament which took place this weekend is the embodiment of that.
The Son Rise Cup celebrated its 10th anniversary, and is a chance for footballers with disabilities to take part in the largest football festival in the South West.
Jacquie Bird reports.
Talks to sell Torquay United to an unknown bidder have broken down, the club has said.
In April, current chairwoman, Thea Bristow confirmed she was in formal talks to sell her share of the club after announcing her resignation from the role due to ill health.
While this news came as a setback, this is not time for doom and gloom, as talks with other interested parties have already reopened, including a lengthy meeting at the Launa Windows Stadium over the weekend.
The incredible generosity of Thea Bristow has left Torquay United in a healthy position for new people to move this club forward and the hard work of finding fresh investment is well under way.
The club also revealed it had received an anonymous donation from a supporter.
The streets of Exeter are being covered in bunting and wool to celebrate the Rugby World Cup later this year. People are being encouraged to take part in 'yarn bombing' - using wool to decorate the city.
Organisers want decorations in white, yellow, red, green and blue - the colours of the teams taking part in the games at Sandy Park.
Preparations are underway to clad Exeter in bunting and 'yarn bombing'.
The city will be white, yellow, red, green and blue - the colours of the teams taking part in the Rugby World Cup 2015 games at Sandy Park.
A launch event is taking place at Exeter Corn Exchange this afternoon.
Exeter Chiefs missed out on a place in the Premiership end of season play-offs.
A thrilling seven-try victory over Sale wasn't enough, after rivals Leicester and Saracens both won.
After the game we spoke to Chiefs' full-back Jack Nowell and the departing Dean Mumm, plus some of the Sandy Park fans:
Plymouth Argyle have missed out on a trip to Wembley. John Sheridan's men lost their League Two play off semi-final at Wycombe Wanderers 2-1 last night.
Plymouth Argyle's season has ended in disappointment after they lost their League Two play-off semi-final against Wycombe Wanderers.
Trailing 3-2 after the first leg, Argyle missed out on a trip to Wembley after losing 2-1 tonight.