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Torquay United WILL have new owner

Torquay United will have a new owner as of Monday (December 19) after the board unanimously approved the club's sale.

A 'subsidiary of Gaming International' Riviera Stadium Limited will own the controlling stake of the club.

In an statement they said:

The Board OF TUAFC are pleased to announce that they have today unanimously approved the sale of a controlling shareholding to Riviera Stadium Limited (RSL).

It is expected that contractual terms will be finalized on Monday 19th December, subject only to formal approval to the takeover by The Football Association National League.

A further release will be issued on Monday 19th December.

The TUAFC directors are hoping that the completion of the RSL deal will put an end to a protracted period of uncertainty, and offer the Club the opportunity to develop and succeed, both on and off the pitch.

RSL is a member of the Stadia UK division of Gaming International Limited, a UK-based leisure group.

– Torquay United