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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.

 

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