petef
Match Room Manager 
Posts: 4,624
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Post by petef on Jan 18, 2011 22:43:41 GMT
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Post by loyalgull on Mar 4, 2011 16:47:41 GMT
they are now on the brink of survival or obliion,gone into administration today,now they have to duck and dive winding up orders,a new investor is very urgent,they could now become defunct
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Jon
Admin
Posts: 6,910
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Post by Jon on Mar 5, 2011 11:40:26 GMT
In Argyle's situation it was a case (as Oscar Wilde would have said) of only one thing being worse than going into administration - that being not going into administration.
Argyle slipped the noose yesterday. They were in very real risk of extinction if HMRC had won their case. Although not totally home free, I would reckon they are now more 95% than 50% sure of being able to continue.
HMRC will get the football creditor rule changed sooner or later. It now looks like Argyle might have dodged being the body hung from the lamp-post to discourage others.
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Dave
TFF member
Posts: 13,081
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Post by Dave on Mar 6, 2011 16:23:17 GMT
I listened to an interview with the official receiver of the club on my way home from yesterdays game. One the one hand he was trying to sound positive he would be able to save the club and on the other hand making it clear just how very difficult its going to be.
He was saying he needs real money and he needs it now, a figure just under three million just to get the club to the end of the season.
Plymouth may have survived for now, but they still are in great danger of folding completely and being no more.
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Post by stuartB on Mar 15, 2011 15:43:15 GMT
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Post by stuartB on Mar 17, 2011 22:19:41 GMT
I'm going to unashamedly bump this back up. Did anyone have a look? He would love some feedback |
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Dave
TFF member
Posts: 13,081
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Post by Dave on Mar 17, 2011 22:59:42 GMT
I'm going to unashamedly bump this back up. Did anyone have a look? He would love some feedback Just read it and it is an excellent and well written piece, the lad is going to go far. |
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