Friday, 16 April 2010

The Price of Failure

Three games of the season left and unless there is a miracle, Argyle will be spending the foreseeable future in League One. There has already been much speculation about what this will mean for the club, namely

- a loss of at least £2m in sponsorship money from television deals
- difficulty in maintaining a squad on such high wages
- increased difficulty attracting players to the club
- a fall in gate and sponsorship money
- the potential closure of the Mayflower terrace due to the cost of hiring the seating

Argyle made a loss of near £3m last financial year and saw a transfer embargo put in place due to debts. The loss of revenue and high outgoings next season could cripple the club. The World Cup bid, pitch replacement, hire of facilities for training at Marjon, and plans to finish the stadium (although this one has been cleverly handled as it is now PAHL who will be footing the bill and leasing the ground back to PAFC) are outgoings that may be ill afforded. Though the club has been here before, and some may say is returning to its natural level, we shall just have to wait and see.

1 comment:

Lord Hutton said...

We bounced back, no rason why Argyle shouldn't