Sunday, 27 February 2011

I got to the Foot of our Stairs

Plymouth Argyle 2 - 1 Colchester United

In shock!

Who'd have thought that wining would still be possible, given the amount if shite that's happening in the club is severly affecting the on pitch action. In spite of all that's happened, the staff and players working for free, and a player sent off, a well placed penalty - the first awarded to Argyle all season - saw 3 very valuable points for the Greens, which now see them just 5 points off safety. Is this a last gasp?

Saturday, 26 February 2011

Desert Rats

After "administration is not an option" administration is very much the option following the notice of intention, which triggered the 10 point deduction ensuring League Two football next season, that's if a buyout happens within 10 days. After Gardener and Todd deserted the rapidly sinking ship at Christmas, Kagami and Synan deserted when their promised money never materialised, Stapleton has deserted to the desert with a holiday to Dubai. The poor man hasn't been able to enjoy his holiday due to the inconvenience of his own actions on his toy; he hasn't even been in the sea yet! Add in that Barclays have refrozen the club's bank account and thus no one is getting paid. Still on the bright side the desperate need to asset strip means you can pick up a replica short for £10.

In all truth, I expect that the majority of the city and south west couldn't give two hoots if Argyle cease to exist by the end of the week, but that is because the club has always been at odds with the public, and those what had caught the bug have been let down on numerous occasions. Gordon Sparks stated that this is not the first tome that Argyle have been on the brink, and like everything that happens at the Greens, there's nothing new under the sun. The supporters have been let down successively by various boards, and as usual it will be them that suffers. Especially considering the amount of money that they have donated through to the club - such as the Trust loan - what will become of that now?

Stapleton Speaks

http://theduchessofderriford.blogspot.com/

:)

Tuesday, 22 February 2011

Plymouth with it all to do

Plymouth Argyle are facing a real battle to not just stay in League One, but also to stay in existence. Following a run of five consecutive league losses, the news today that the club is due to be docked ten points by the FA after admitting that it has started to take steps towards appointing an administrator will have come as a real blow to their chances of staving off relegation this season. After that point deduction, Argyle will find themselves five points behind Dagenham & Redbridge who currently occupy the bottom spot in the table, and manager Peter Reid admits that from there, it will take "championship-winning form" to beat the drop.

The good news, if there is any at present, is that the club still has time to do something about their fate – although it would require something around ten of their remaining fifteen remaining fixtures to stand any chance of collating the points that they will need to continue playing League One football next season – and although this is unlikely, they aren't mathematically relegated just yet. Anyone looking to bet on football wouldn't back them to escape though.

This feat will be made all the more difficult by the fact that the players and staff are yet to be paid for their efforts in January. It's easy to ask that all the playing squad simply look after matters on the pitch, and let the moneymen take care of what happens off it, but if they are failing to be paid for the work they have put in to date, there is precious little motivation other than playing well in a bid to be snapped up by another professional side. Meanwhile, the Notts Forest betting suggests the former League One side are set to head off to Premier League glory.

Former boss, Ian Holloway has spoken of his sympathies for Peter Reid and his squad's plight this season, but such sentiments will do little to assuage the rage felt by the Plymouth fans – in 2007 Holloway tipped them for promotion to the Premiership before leaving to join Leicester. But at least with the administration process starting, there is no chance of the Pilgrims being wound-up this season – and next year, albeit from League Two, they can once more begin their assault on the summit of English football.

Monday, 21 February 2011

The latest on Plymouth’s financial trouble

It was announced this morning that Plymouth Argyle would enter administration due to their inability to pay a large tax bill owed to HMRC of around £300,000, due tomorrow. The club will incur a ten point penalty which will take them into the relegation zone and eight points from safety and bottom of the league.

The club posted a notice highlighting their intention of appointing an administrator to deal with the implications of going into administration. Having been subjected to three winding up orders already from Her Majesty’s Revenue and Customs, the club now look to have admitted defeat in the fight to avoid a point’s deduction.

Plymouth now have ten days to appoint an administrator or find someone willing to invest in the club. Peter Ridsdale will now work alongside David Hinchliffe from Walker Morris Solicitors in the search for a suitable party.

Supporters had been given hope when Ridsdale announced the club had cleared a tax bill of around £500,000 in January.

The notice of intention means the club are protected from creditors and won’t face a winding up order from HMRC. The players are still awaiting wages from January having received their November and December wages late.

It is an all-time low for the club having fallen from the Championship last season.

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