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."
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
Google
Yahoo
Live
del.icio
DiggRelated Articles
SFA Impose Player Trading Sanctions on Rangers
Tue 24th Apr 2012 | Football Club Administration
Rangers’ administrators, Duff & Phelps believe the Scottish FA’s (SFA) decision to impose sanctions on the club will seriously undermine their attempts to rebuild the club. The...
Rangers Administrators Issue Statement
Tue 3rd Apr 2012 | Football Club Administration
Duff & Phelps, administrators of Rangers Football Club, issued the following statement today. Paul Clark, Joint Administrator, said: “As administrators we are obliged, as part of our...
Port Vale Attracting Strong Interest
Wed 21st Mar 2012 | Football Club Administration
Administrators of Port Vale Football Club are reporting strong interest in acquiring the club which went into administration earlier this month. Bob Young, Gerald Krasner and Steve Currie of corporate...
Dave King fears liquidation for Rangers
Wed 7th Mar 2012 | Football Club Administration
Rangers director Dave King believes it is "inevitable" the club will plunge into liquidation after administrators were called in at Ibrox. South Africa-based King, the only survivor from the Sir David...
