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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."

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