plymouth enter admin
Mon Feb 21, 2011 1:59 pm
according to sky
Re: plymouth enter admin
Mon Feb 21, 2011 2:30 pm
The Curse of The Riddler!
Re: plymouth enter admin
Mon Feb 21, 2011 2:37 pm
To be fair they were fecked before he got there. He is now helping them on there way. I wonder how much they are paying him ? Bad news for Plymouth though.
Re: plymouth enter admin
Mon Feb 21, 2011 3:29 pm
this would have been us if we didnt have VT and his crew 
Re: plymouth enter admin
Mon Feb 21, 2011 3:30 pm
glammy74 wrote:this would have been us if we didnt have VT and his crew
very true
Re: plymouth enter admin
Mon Feb 21, 2011 3:31 pm
From This is Plymouth:
Plymouth Argyle announce intention to appoint administrator
PLYMOUTH Argyle have this afternoon announced their intention to appoint an administrator.
Pilgrims’ chiefs had been locked in meetings at Home Park all day, with the club’s finances on the brink.
A tax bill in excess of £300,000 is due to arrive tomorrow and the Greens currently have no way of paying it.
The move to issue a ‘Notice of Intention’ to appoint an administrator sees Argyle docked ten points.
That leaves them rooted to the bottom of the League One table and facing an uphill struggle to avoid relegation.
In a statement issued today, deputy chairman and acting executive director Paul Stapleton said: “The Directors of Plymouth Argyle Football Club have today issued a ‘Notice of Intention’ to appoint an administrator as they continue to seek a solution to the company’s current cashflow problems.
“This action gives the club protection from insolvency action from creditors, whilst at the same time allowing the directors the opportunity to turn current expressions of interest into a permanent and lasting solution for the club.
“This action does not mean that the club is in administration today nor does it assume that it will necessarily enter into administration at a future date.
“Further steps will depend upon the outcome of current discussions with potential investors.
“Under current Football League rules and despite the fact that the action taken is not administration, Plymouth Argyle Football Club will be subject to a ten-point penalty under the league’s sporting sanctions rule.
“To allow the best options for the way forward to be independently assessed, David Hinchliffe from Walker Morris Solicitors has been appointed to work with Peter Ridsdale, who will for the time being continue to act as an Independent Advisor to the board.”
Plymouth Argyle announce intention to appoint administrator
PLYMOUTH Argyle have this afternoon announced their intention to appoint an administrator.
Pilgrims’ chiefs had been locked in meetings at Home Park all day, with the club’s finances on the brink.
A tax bill in excess of £300,000 is due to arrive tomorrow and the Greens currently have no way of paying it.
The move to issue a ‘Notice of Intention’ to appoint an administrator sees Argyle docked ten points.
That leaves them rooted to the bottom of the League One table and facing an uphill struggle to avoid relegation.
In a statement issued today, deputy chairman and acting executive director Paul Stapleton said: “The Directors of Plymouth Argyle Football Club have today issued a ‘Notice of Intention’ to appoint an administrator as they continue to seek a solution to the company’s current cashflow problems.
“This action gives the club protection from insolvency action from creditors, whilst at the same time allowing the directors the opportunity to turn current expressions of interest into a permanent and lasting solution for the club.
“This action does not mean that the club is in administration today nor does it assume that it will necessarily enter into administration at a future date.
“Further steps will depend upon the outcome of current discussions with potential investors.
“Under current Football League rules and despite the fact that the action taken is not administration, Plymouth Argyle Football Club will be subject to a ten-point penalty under the league’s sporting sanctions rule.
“To allow the best options for the way forward to be independently assessed, David Hinchliffe from Walker Morris Solicitors has been appointed to work with Peter Ridsdale, who will for the time being continue to act as an Independent Advisor to the board.”