Complex sentence: In 2005, after Rick Wurpel re-opened his production business, he realised that neither he nor TTS had the master tapes in their inventory and feared that the tapes had been lost.
Split into simpler sentences: In 2005, after Wurpel re-opened his production business, he realised that neither he nor TTS had the master tapes in their inventory. Wurpel feared that the tapes had been lost.