Statement from Brendan Guilfoyle, joint administrator of Plymouth Argyle Football Company Limited (in administration)

12 July 2011 By Northern Lights

Statement from Brendan Guilfoyle, joint administrator of Plymouth Argyle Football Company Limited (in administration) image

Brendan Guilfoyle, partner at the P&A Partnership, confirmed today (July 12) that negotiations are underway with the Football League to get their consent for a transfer of Plymouth Argyle Football Company Limited’s ‘golden share’ to Peter Ridsdale’s new company, Plymouth Argyle (125) Limited, before the start of the new season.

Season tickets are now on sale at the club following last week’s deal signed with Bishop International Limited and Plymouth Argyle (125) Limited and confirmation of funding in place.

Guilfoyle said: “This deal is critical to the survival of the club as it prepares for the new season. While we can understand why fans are still looking at other options, it is important that everyone appreciates that the sale of the club to Plymouth Argyle (125) Limited and the sale of the stadium and surrounding land to Bishop International Limited must go through to secure the football club’s future. There will be no other ‘rescue plan’ in the tight timescale we have.

“I want to thank fans and staff for their continued support through this difficult period and would ask them to back both Plymouth Argyle (125) Limited and Bishop International Limited. The club will need their support as they prepare for the new season, including seeking sponsors and finding new players.”

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Written by Northern Lights

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