VSI
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

Argyle takeover deal in place

Fri 28th Oct 2011 | Clubs Ownership

Plymouth Argyle's administrators have agreed a deal with James Brent's Akkeron Group for the purchase of the League Two club.

After almost eight months in administration, Argyle could soon return to financial stability after The P&A Partnership announced this morning that they were satisfied with all aspects of the takeover at Home Park.

That paves the way for the Pilgrims to finally come out of administration, and the takeover could be completed later on Friday.

In a statement, Brendan Guilfoyle of The P&A Partnership said: "I am delighted that this morning we have agreed a deal that will see Plymouth Argyle Football Club coming out of administration.

"We have been assured that Akkeron will complete the purchase today. Like many other parties, ourselves and Walker Morris have waived a significant amount in fees to ensure the survival of the club.

"I would like to thank everyone for their patience and continued support during complex negotiations to save the club."

http://www.buttonshut.com http://www.buttonshut.com http://www.buttonshut.com

 ---------------------------------------------------------------------------------------------------

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

Portsmouth Enter Possible Takeover Talks

Thu 23rd Mar 2017 | Clubs Ownership

Portsmouth Football Club has confirmed it’s in talks regarding a potential takeover. In a statement released by the club, they said: “Portsmouth Community Football Club would like to...

Walker Morris Advise On Leeds United Sale

Thu 5th Jan 2017 | Clubs Ownership

Specialist Sports Law Team at Walker Morris reinforces its national reputation for football club acquisitions/sales with the latest sale of Leeds United FC. Specialist sports lawyers at Walker Morris...

Aser Group Holding Acquires 50% Of Leeds United

Wed 4th Jan 2017 | Clubs Ownership

Aser Group Holding has completed its investment in Leeds United Football Club today. Leeds United Football Club has confirmed Aser Group Holding, through its acquisition vehicle Greenfield Investment...

Notts County Sold To Local Businessman

Mon 19th Dec 2016 | Clubs Ownership

Notts County owner Ray Trew has confirmed the sale of the club after reaching an agreement with local businessman Alan Hardy. Having held discussions with a number of prospective buyers in recent...