The financial crisis at Plymouth Argyle appears to be deepening. After the taxman hit them with their third winding up order in a year, their bank accounts were frozen. The club is due to appear in the High Court next week.
The financial crisis at Plymouth Argyle appears to be deepening. After the taxman hit them with their third winding up order in a year, their bank accounts were frozen. The club is due to appear in the High Court next week.
In the summer the club signed a deal to kit out Home Park with ‘Fibrelastic’ Turf at a cost of over £500,000. But they have been unable to keep up payments to Inscapes who designed and organised the project. Up until a few weeks ago the club was keeping up with payments, but the situation with Revenue and Customs has taken priority.
Employees are currently working without pay and are fighting to keep the club alive. If England’s World Cup bid succeeds, Home Park is a possible location for matches, having been short listed.
New investment is being sought. Peter Ridsdale, formerly at Leeds United and Cardiff City, has expressed interest, but nothing has been agreed.
Argyle do some good work with young people on the remote Isles of Scilly and I expect that we shall cover their plight on the Radio Scilly sports show on Friday evening.