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Plymouth's administrator in desperate plea for funds

Mon 7th Mar 2011 | Football Club Administration

After falling into administration on Friday (4th Mar) Plymouth’s Administrator has made a plea to potential investors to step forward to help save the club.

A statement via the club’s official website today read; “The Administrators are currently unfunded and unless sufficient funding can be secured prior to 17 March 2011 there is a real prospect that the club will go out of existence.”

Plymouth were forced into administration on Friday after a meeting between the clubs board of Directors decided there was no option but to call in administrators after they failed to raise the required £3m which was needed to keep the club going in the short term..

Having already served a ‘Notice of Intention’ to call in administrators the club was docked 10 points by the Football League.

Acting on their behalf, Brendan Guilfoyle of P&A Partnership said: "Without external funding, the club simply cannot carry on.

"I am urging all supporters to turn out for tomorrow's key fixture against Swindon Town to support Peter Reid and the players after a magnificent performance at Sheffield Wednesday on Saturday. Let's show potential purchasers what a well supported club Argyle is," he added.

The Administrators are currently seeking emergency funding from the Argyle Fans' Trust, the Green Taverners and PASOTI, and are asking all season-ticket holders to pay a voluntary £10 admission fee when attending home games.

In a call to the club's directors, the administrators has asked them to both renew and honour their promises to provide funding to the club to ensure its survival and ha they have said they will be reporting further on their response.

Brendan Guilfoyle said: "I do hope the directors will find it within themselves to fund the club in its moment of need."

 

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