Date: 16th June 2015 at 8:49pm
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It seems the first piece of business enacted by our new owners following the take over the other day was to place Chris Hargreaves and his coaching staff on gardening leave.

Hargreaves, Lee Hodges and Kenny Veysey were unable to reach agreement with the new consortium after talks were held on Friday and Saturday, and it stems from the fact that the new consortium – well in their own words.

‘The consortium led by Dean Edwards was forced into a position of offering the coaching staff an opportunity to either take a significant pay cut or be placed on gardening leave. In the end, the two sides were unable to agree on the right way forward, both in terms of their individual contracts and the financial constraints that will be placed on the playing side of the club next season.’

The statement went on to say.

‘Torquay United would like to place on record our sincere gratitude to three legends of the football club and it was very clear that they all wanted to see out their contracts, working to the best of their ability to help us succeed in the future, but it has now been decided that the club will move in a new direction.’

The BBC have Hargreaves as refusing to comment when contacted so far.

The 43 year old leaves having been in charge for 75 games, winning 27, losing 33 and drawing 15.

New chairman David Phillips told the Official Site following this statement that a new manager search was well underway.

‘I am pretty confident that we will have a manager in place by the end of the week.’

Director of football Dean Edwards added.

‘We had a discussion with Chris regarding the financial situation and the playing budget. We asked Chris to take a significant pay cut, and the same with Lee Hodges and Kenny Veysey. They were not comfortable with that and we had a discussion as a Board, and decided we want to go in a new direction. We have a plan in our mind and we know where we want to be. Chris, Kenny and Lee have left the club and are now on gardening leave. I`ve got the upmost respect for them and they are football people.’

Be interesting to see who comes in now although former Mansfield manager Paul Cox is already being mentioned by the press.

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