The Wage of a Football Club

Statement from P&AP re the strike/payment of staff:

Statement from The P&A Partnership re Plymouth Argyle Football Company Limited (in administration)

The joint administrators of Plymouth Argyle Football Company Limited (in administration) have confirmed that all staff (both players and other employees) have today (2 September 2011) been paid 40 per cent of their September wages on the basis of an agreement that they will continue to work up to and including 15 September 2011.

The money has been paid direct into their bank accounts today.

The P&A Partnership would like to stress that legal formalities are taking longer than anticipated to complete.

However, Bishop International Ltd and Plymouth (125) Limited have both stated that they remain confident that they will be able to conclude the transaction shortly.

Why has it taken a threat of a strike by players for this to happen? Where has the money suddenly come from? Twohundredpercent have written yet another excellent article about the situation. All round the players have caused high profile publicity for the club that hopefully could work to resolving the situation much sooner.