So Plainmoor is owned by the council and most of the debt is to the previous owner, while the club has few assets of any value. One would imagine that a CVA in those circumstances would be pretty straightforward. Either Osbourne accepts Xp in the £ and Torquay will carry on, or he'll get nothing and Torquay will start again as AFC Torquay. I appreciate that's a very crass statement. As always there will be plenty of small businesses and suppliers who will be badly out of pocket.
Does anyone know what league would they start in, if they were to start a phoenix club?
Does anyone know what league would they start in, if they were to start a phoenix club?