RIVIERA Stadium Limited’s takeover of Torquay United has finally been ratified by the National League, over two months after it was initially announced.
The company, ran by Clarke Osborne and a subsidiary of Swindon-based Gaming International Ltd, was confirmed as the Gulls’ new owners in December but there had been a delay in the National League confirming the deal.
The sale of the club was supposed to be rubber-stamped by the league at their meeting on January 19 but the subject was deferred due to “administrative reasons”.
A further league meeting was held on February 23 and after a slight delay, the club have been notified control of the Gulls has been transferred to Riviera Stadium Limited.
After the deal was initially announced, new owner Osborne said his five-year plan was “to secure the club’s future and bring high level football entertainment to Torbay”.
The Gulls face a fight to retain their National League status this season and they dropped into the relegation zone on Tuesday night after the late postponement of their game at Solihull Moors allowed Maidstone United to leapfrog them.
Torquay’s recent poor form means not many will tip them to stay up. Do you think they can turn their season around? If you’re confident, check out the football betting odds table
On the takeover confirmation, a Torquay statement read: “The National League has confirmed that control of Torquay United Football Club has transferred to Riviera Stadium Limited.
