Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

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

Plymouth Argyle FC fails to pay staff & player wages

Tue 30th Nov 2010 | Money & Finance

Plymouth Argyle Football Club have confirmed that both playing and office staff have not received their salaries for November.

The south coast club faces a winding-up petition from HM Revenue & Customs, and have until 8 December to clear their debts.

A club statement said: "Following the publication of the winding-up petition our bank has taken the normal step of suspending our banking facilities.

"The suspension will remain in place until the petition is dismissed or we obtain a validation order."

The statement continued "We are taking urgent steps to make progress on both fronts."

A validation order is granted by the court and validates payments made during the hiatus period of a winding-up petition, prior to a winding-up order being granted.

The club recorded a £2.8m loss for the 2008/09 financial year and were previously issued with a winding-up order for unpaid tax by HM Revenue & Customs last season.

Former Leeds and Cardiff chairman Peter Ridsdale was in Plymouth on Thursday holding talks with the Argyle board.

 

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

Shrewsbury Town’s Safe Standing Crowdfunding Campaign Success

Tue 17th Oct 2017 | Money & Finance

In an historic achievement, Shrewsbury Town Football Club are one step closer to being the first club in England and Wales to introduce safe standing at their Montgomery Waters Meadow stadium,...

Average Premier League Ticket Costs £32

Fri 13th Oct 2017 | Money & Finance

The average price of watching a Premier League match costs £32 according to research released today. The Premier League, working with professional services company EY, has conducted in-depth...

FC Barcelona to become world’s top earning sports club

Thu 12th Oct 2017 | Money & Finance

FC Barcelona announced on Wednesday the financial reports that it will present at the Club’s Ordinary General Assembly on 21 October, when it will share the annual report with member delegates...

Premier League clubs must sell over 2 million tickets to earn back total transfer spend this season

Thu 5th Oct 2017 | Money & Finance

Each year, the summer transfer window is the most highly awaited time of year for football fans, and clubs alike. It's an opportunity to sign top-quality players to heighten the club's chances of...