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[Mick]

Plymouth Argyle (in Admin) offer 0.77 pence in the pound to their creditors .......they owe almost £18M........more incredible financial control from the Football League

Interesting to see what happens if they go bust !

[bumble]

Plymouth away on a Tuesday night?

I know they wouldn't come in the BSP - or if they did we wouldn't be here

But I'd love to play Plymouth - theyre the 3rd team  I'd like an FA cup game against (other 2 being Chelsea and arsenal)

[distancetraveller]

Its a disgrace... How many of those owed money will go under due to this...

[hsmith1]

You beat me to it over Plymouth.They have 240 unsecured Creditors who will be offered 0.77 p in the pound and that included owing Southport £50 for Criag Noone,also £8000 to St Johns Ambulance.They actually owe £17.7 million,their backromm and admin staff have not been paid since January and they have been told they might get something in May,but it willonly be a small ammount.This club went into Admin,about 3 moths ago and were docked 10 points for it.So far they only have 1 person interseted in taking over the club.The secured creditons include a loan company.May 4th is the date for the creditors meeting in which 75% have to approve the 0.77 that is on offer,less tha 1 pence for each £1 owed.

[scott tompson]

whos going bust in our league

[taxi Phil]

whos going bust in our league

It's almost easier to ask who isn't - see earlier depressing threads.

[fuertes]

I misread this when I first saw it, believing it to be 77p. It's 0.77 of every one penny of every pound? So, approximately f**k all?

Liquidate that club and allow the fans to start a new one. What a joke.

[ManagementGuru]

Jack jolly - we have drawn Plymouth in the FA Cup: 4th round 1974-5 Plymouth Argyle v Everton or Altrincham

[bumble]

I misread this when I first saw it, believing it to be 77p. It's 0.77 of every one penny of every pound? So, approximately f**k all?

Liquidate that club and allow the fans to start a new one. What a joke.

yeh at first i read it as that - then thought (compared to some) its good and decided it had to be 1 penny into a point

Jack jolly - we have drawn Plymouth in the FA Cup: 4th round 1974-5 Plymouth Argyle v Everton or Altrincham

i wasmt alive then id like them next year....

[markecky]

I misread this when I first saw it, believing it to be 77p. It's 0.77 of every one penny of every pound? So, approximately f**k all?

Liquidate that club and allow the fans to start a new one. What a joke.

Indeed I read that and thought that Mick was being a little harsh.

0.77p?

Just how do you get to £17 million in debt?

When it gets to one or two million do people not say..hang on this is getting a bit much isn't it?

[Mallorca Alty]

I misread this when I first saw it, believing it to be 77p. It's 0.77 of every one penny of every pound? So, approximately f**k all?

Liquidate that club and allow the fans to start a new one. What a joke.

Indeed I read that and thought that Mick was being a little harsh.

0.77p?

Just how do you get to £17 million in debt?

When it gets to one or two million do people not say..hang on this is getting a bit much isn't it?

I think they stupidly gambled on England getting the World Cup in 2018. The creditors who are offered 0.77p in the pound should tell Plymouth to do one.

[hsmith1]

They did gamble on the world cup bid,with consultant fees and were chosen as a prefered bid i believe,Exeter did not put in for it to help Plymouth succeed.They owe over £300000 just for having Home Park returfed.

[hsmith1]

Creditors meeting this Friday 05/05/11 and they need 75% of unsecured creditors to accept 0.18 of a pence in the Pound or the club goes into Liquidation.I know it will not save us,but Southport might get the reprieve,then it only needs 1 club from BSP to lose the agm cup??

[RedhillAlty]

I misread this when I first saw it, believing it to be 77p. It's 0.77 of every one penny of every pound? So, approximately f**k all?

Liquidate that club and allow the fans to start a new one. What a joke.

I think that is a similar figure to that which  Crawley got away with in the not too distant past.

[Butty]

Creditors meeting this Friday 05/05/11 and they need 75% of unsecured creditors to accept 0.18 of a pence in the Pound or the club goes into Liquidation.I know it will not save us,but Southport might get the reprieve,then it only needs 1 club from BSP to lose the agm cup??

Can't find any news on this- whats happened?