 Chairman Mike Bateson is set to sell his shares in the Plainmoor club |
Torquay chairman Mike Bateson has confirmed he is close selling his controlling shares in the club. The Plainmoor chief is holdings talks with potential new owners about a prospective takeover which could happen in the next few days.
He confirmed on-going dealings are "in the hands of lawyers" and for that reason the identity of the takeover firm is not being revealed.
"I am confident we will agree the deal," Bateson told the club website.
"I have been in talks with several interested parties over the last few months and throughout the negotiations the future well-being of the club has been the only priority.
"It is fair to say that I am some way down the road towards concluding a deal and we will issue a full statement if and when a deal is concluded."