Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Plymouth go into administration

Fri 4th Mar 2011 | Football Club Administration

Plymouth Argyle Football Club have gone into administration following a meeting of the club's directors today.

The League One outfit have appointed P&A Partnership as their administrator. A High Court judge is in the process of deciding whether Her Majesty's Revenue & Customs can still apply for a winding-up petition.

Speaking to the club’s website before the decision was made, manager Peter Reid said; "The only thing that worries me in this is that there are going to be people who lose.

“Some of the debtors are local people, who work within the football club, who are really good people. If they lose money I find that distasteful.

"From my point of view, if we could get somebody in who pays all the debts and we keep going, that would be my ideal scenario. But is there anybody out there who will do that?

"Hand on heart, I want someone to come in and take over the club, take over the debts, pay people, get the club on a sound financial footing and hopefully get their investment back by running it like a business over a number of years. That's the logical way."

 

RETURN TO LATEST NEWS SECTION

 

SUBSCRIBE TO THE F.C. BUSINESS RSS FEED

 

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

 

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Notts County Ladies Folds Following Huge Debts

Fri 21st Apr 2017 | Football Club Administration

Notts County Ladies Football Club have folded after Alan Hardy admitted defeat in his bid to save the club which faced a near-£1million bill to stay afloat this season. The Notts County chairman...

Bolton Wanderers Sell Training Ground To Wigan

Fri 19th Feb 2016 | Football Club Administration

Bolton Wanderers have today confirmed the sale of its Euxton training ground to ‘another North West football club’. The Championship club have debts totalling £172.9m and are...

Northampton Town Application For Administration Withdrawn

Fri 11th Dec 2015 | Football Club Administration

Northampton Town Football Club has confirmed that the application for administration has been officially withdrawn. Legal agreements had been reached this week between the club and Northampton Borough...

HMRC Hands Bolton Wanderers Winding Up Petition

Thu 10th Dec 2015 | Football Club Administration

Bolton Wanderers have been handed a winding up petition by HMRC it’s been confirmed. The club, who are currently bottom of the SkyBet Championship, have debts of over £170m and have failed...