With pleasure, Torquay United announces that it has confirmation that the player transfer ban has been lifted.
The club was initially subject to a transfer embargo when it served notice of its intention to enter administration back in February. However, the National League has officially confirmed that this restriction has been lifted for the club in light of the recent news that The Bryn Consortium completed its takeover of TUFC on Friday, May 31.
As we look forward to an exciting future together, the whole staff at Plainmoor would like to once again express their gratitude to our amazing supporters for their unwavering support during this time.
Torquay United Announces Lifting of Player Transfer Ban
Torquay United is delighted to announce that the player transfer ban imposed on the club has officially been lifted. This comes as a significant boost following a challenging period marked by financial uncertainty.
The transfer embargo was initially imposed in February when the club declared its intention to enter administration. However, in a welcome development, the National League has confirmed the removal of this restriction. This change follows the successful takeover of Torquay United Football Club (TUFC) by The Bryn Consortium, finalized on Friday, May 31.
Key Details:
Transfer Embargo Lifted: The ban on player transfers, which had been in place since February, has now been officially lifted by the National League. This allows Torquay United to engage in the transfer market once again.
New Ownership: The Bryn Consortium, which completed its acquisition of the club on May 31, has played a pivotal role in stabilizing the club’s financial position and facilitating the lifting of the embargo.
Statements:
The staff at Plainmoor are enthusiastic about the future under the new ownership. A club spokesperson stated, “We are thrilled to move forward with a fresh start. This change marks a new chapter for Torquay United, and we are eager to strengthen our squad ahead of the upcoming season.”
The club also expressed profound gratitude to its dedicated fanbase. “We would like to once again express our heartfelt thanks to our amazing supporters for their unwavering support during this challenging period. Your loyalty and belief in the club have been truly inspiring,” the spokesperson added.
Looking Ahead:
With the transfer ban lifted, Torquay United is poised to make strategic moves in the transfer market to bolster the team. The club aims to build a competitive squad to achieve its ambitions in the National League.
As Torquay United embarks on this promising new journey, fans and supporters can look forward to an exciting future filled with potential and renewed vigor.
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