hughieslastminutegoal Posted 22 February, 2011 Share Posted 22 February, 2011 Quite frankly' date=' I couldn't give a rat's arse if Plymouth argyle fc continues to exist or not. If their extinction means we gain a few positions in the league and get promotion as a result, then I will more than happily take that. Not my problem how they run / ran their club.[/quote'] It's a sad life you lead if you never give a rat's arse about anything that isn't your direct problem. Link to comment Share on other sites More sharing options...
stmusicdude Posted 22 February, 2011 Share Posted 22 February, 2011 You do realise MLG made his post TWENTY ONE day ago? Yeah? At the time there was a real chance PAFC could have gone into liquidation, bypassing administration. Have a look around the 'net and read up on it. as stated clubs go as close as they can chasing a resolution & then jump to administration. The point I was refering to is we had all this before with Portsmouth & I cant rem who else when they tried to work out the points if the club disappeared. This is a long way off happening in the UK once it dose start happening we can then start looking at these issues .. BUT they are NOT yet in Admin . I take your point about the fact he posted well before the current actions, but the point I am getting at is the way many want us to look at scenarios that will never happen.. assuming the worst .. Link to comment Share on other sites More sharing options...
Jones91 Posted 22 February, 2011 Share Posted 22 February, 2011 So just to confirm, if Eddie Howe gets run over by a bus - Bournemouth will lose most of their points and be relegated? Link to comment Share on other sites More sharing options...
The9 Posted 22 February, 2011 Share Posted 22 February, 2011 The BBC are useless, they haven't deducted the 10 points and still show Plymouth on 33. Also, if you look at the fixtures, they have somehow missed ours with Plymouth in March!! http://news.bbc.co.uk/sport1/hi/football/teams/s/southampton/fixtures/default.stm They did that last season with our match with Brighton getting shifted forward - they don't seem to be able to cope with moving kick-off times outside the Prem. Link to comment Share on other sites More sharing options...
The9 Posted 22 February, 2011 Share Posted 22 February, 2011 So just to confirm, if Eddie Howe gets run over by a bus - Bournemouth will lose most of their points and be relegated? That would be terrible for them, given that he's not even their manager. Link to comment Share on other sites More sharing options...
CB Fry Posted 23 February, 2011 Share Posted 23 February, 2011 You do realise MLG made his post TWENTY ONE day ago? Yeah? At the time there was a real chance PAFC could have gone into liquidation, bypassing administration. Have a look around the 'net and read up on it. What there was TWENTY ONE days ago was the usual emotional fan guff about "this could be our last match" which happens at every club ever and actually comes to pass at no club ever, save for the odd non league club. Plymouth Argyle were never going to disappear, so whatever was said TWENTY ONE days ago is neither here nor there. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 26 February, 2011 Author Share Posted 26 February, 2011 Brighton fans now starting to worry and one of them posted a table without Plymouth's results (including today's results)... Link to comment Share on other sites More sharing options...
trousers Posted 2 March, 2011 Share Posted 2 March, 2011 http://news.bbc.co.uk/sport1/hi/football/teams/p/plymouth_argyle/9411804.stm Plymouth Argyle will be forced into administration, perhaps as early as Friday, unless the League One club receives an immediate cash injection. With no sign of the £5m needed to see the season out - and total debts of £10m - the board meets on Friday. The club's two Japanese-based directors have promised £1.4m from a new investor but BBC Sport understands that will be swallowed by overdue pay and taxes. And with Argyle due in court on Monday, administration looks almost certain. Link to comment Share on other sites More sharing options...
CWD Posted 2 March, 2011 Share Posted 2 March, 2011 http://news.bbc.co.uk/sport1/hi/football/teams/p/plymouth_argyle/9411804.stm Plymouth Argyle will be forced into administration, perhaps as early as Friday, unless the League One club receives an immediate cash injection. With no sign of the £5m needed to see the season out - and total debts of £10m - the board meets on Friday. The club's two Japanese-based directors have promised £1.4m from a new investor but BBC Sport understands that will be swallowed by overdue pay and taxes. And with Argyle due in court on Monday, administration looks almost certain. I don't really understand, I thought they were already in admin seeing as they've been deducted points? Can someone explain exactly what the situation is at the moment as I'm woefully ignorant of the whole thing! Link to comment Share on other sites More sharing options...
Bobbyboy Posted 2 March, 2011 Share Posted 2 March, 2011 They announced an intention to go into administration which gives 10 (working) days grace before they have to. In theory they can apply for another 10 days on Monday, when the first ten-day period is up, but court would probably say no as Argyle are clearly insolvent right now. Latest seems to be that Ridsdale says there's no money to appoint/pay for administration. But would you trust Peter Ridsdale? Glad he never came sniffing around us. Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 2 March, 2011 Share Posted 2 March, 2011 I don't really understand, I thought they were already in admin seeing as they've been deducted points? Can someone explain exactly what the situation is at the moment as I'm woefully ignorant of the whole thing! The announcement that they may have to go into administration counts as an insolvency event as far as the league is concerned, hence the -10. Link to comment Share on other sites More sharing options...
Ken Tone Posted 2 March, 2011 Share Posted 2 March, 2011 The announcement that they may have to go into administration counts as an insolvency event as far as the league is concerned, hence the -10. Seems a bit previous though doesn't it, to deduct the points before administration as such. I presume they will not lose more points when they actually go into admin? And they do now have to go to admin,do they? (or liquidation) ...they can't say "we've suddenly found some money, so we won't after all" Link to comment Share on other sites More sharing options...
Matthew Le God Posted 2 March, 2011 Author Share Posted 2 March, 2011 Seems a bit previous though doesn't it, to deduct the points before administration as such. I presume they will not lose more points when they actually go into admin? And they do now have to go to admin,do they? (or liquidation) ...they can't say "we've suddenly found some money, so we won't after all" The actual of stating their intention to go into administration meant they didn't have to pay HMRC the next day over £300k. If you are going to punish clubs with points penalties for insolvency, it is only right that that receives the same punishment as actually going into administration. Strangely Argyle decided to spend over £500k on a new pitch in the summer. This company has now taken out a bankruptcy action against the club. Link to comment Share on other sites More sharing options...
LostBoys Posted 2 March, 2011 Share Posted 2 March, 2011 The notice about the administration was to avoid going straight into liquidation - which is probably going to happen anyway according to the local papers/forums in Plymouth. An interesting financial adviser noted in the legal papers by the way - some guy called David Jones. Link to comment Share on other sites More sharing options...
Thedelldays Posted 2 March, 2011 Share Posted 2 March, 2011 risdale has walked away as the UK based board members cant agree on anything.. they are screwed Link to comment Share on other sites More sharing options...
JackFrost Posted 2 March, 2011 Share Posted 2 March, 2011 talking of other league one clubs, and apologies if already posted but Wilson has resigned from Swindon Link to comment Share on other sites More sharing options...
trousers Posted 4 March, 2011 Share Posted 4 March, 2011 Officially now in adminstration http://news.bbc.co.uk/sport1/hi/football/teams/p/plymouth_argyle/9414349.stm Link to comment Share on other sites More sharing options...
Crab Lungs Posted 4 March, 2011 Share Posted 4 March, 2011 talking of other league one clubs, and apologies if already posted but Wilson has resigned from Swindon And they appointed Paul Hart as his replacement... ROFLCOPTERS! Link to comment Share on other sites More sharing options...
SuperMikey Posted 4 March, 2011 Share Posted 4 March, 2011 Doesn't look good for Plymouth - their Japanese bank backers sent them £350k a week or so ago but it looks like that cash may have been for a final payment for their staff and to appoint an administrator. Link to comment Share on other sites More sharing options...
Super_Uwe Posted 4 March, 2011 Share Posted 4 March, 2011 It's a sad day for Argyle but unfortunately the worst may still be yet to come. Having moved down to Devon recently, this story has been in the news a lot, but I keep up to date with it all as my father-in-law is an Argyle. The whole situation regarding the directors is almost a carbon-copy of our situation in 2009 in the sense that there are so many different parties all wanting different things. Administration is probably not what was wanted by some, but ultimately they have no choice. Peter Ridsdale is a smart bloke and has come out of it pretty well to be fair. That is neither a positive or negative view of what he's done, but rather the fact that he's put himself in a position where he really can't be blamed at all. He has said that there are bidders lined up, but only he will know whether they are any good or if they are just chancers who fancy a punt. Whatever anyone thinks about the authorities, sooner or later a club in the Football League will fold. It is simply a case of when rather than if. I really hope that it isn't Plymouth, but at the moment there is nothing on the horizon to save them. They are literally going to have to hope/beg/pray that someone will buy them out. Oh, and one final point - totally agree with those who are criticising posters for saying that they hope Plymouth go to the wall in order to help us get promoted. I cannot believe any genuine Saints fans who understand how close WE were to folding can think that. Link to comment Share on other sites More sharing options...
Dark Munster Posted 4 March, 2011 Share Posted 4 March, 2011 It's a sad day for Argyle but unfortunately the worst may still be yet to come. Having moved down to Devon recently, this story has been in the news a lot, but I keep up to date with it all as my father-in-law is an Argyle. The whole situation regarding the directors is almost a carbon-copy of our situation in 2009 in the sense that there are so many different parties all wanting different things. Administration is probably not what was wanted by some, but ultimately they have no choice. Peter Ridsdale is a smart bloke and has come out of it pretty well to be fair. That is neither a positive or negative view of what he's done, but rather the fact that he's put himself in a position where he really can't be blamed at all. He has said that there are bidders lined up, but only he will know whether they are any good or if they are just chancers who fancy a punt. Whatever anyone thinks about the authorities, sooner or later a club in the Football League will fold. It is simply a case of when rather than if. I really hope that it isn't Plymouth, but at the moment there is nothing on the horizon to save them. They are literally going to have to hope/beg/pray that someone will buy them out. Oh, and one final point - totally agree with those who are criticising posters for saying that they hope Plymouth go to the wall in order to help us get promoted. I cannot believe any genuine Saints fans who understand how close WE were to folding can think that. I too hope they don't fold. But IF they are going too anyway, I hope they do it before the season ends so that we can benefit. Football is a dog eat dog business. Link to comment Share on other sites More sharing options...
martel Posted 4 March, 2011 Share Posted 4 March, 2011 I don't see them going under. Its not happened so far and not likely to happen soon either in my opinion. The way things are going in terms of clubs going into administration, then I am afraid that it is only a matter of time before one disappears into oblivion; I hope it does not happen to Plymouth or indeed any club, with the F.A. also making plans to change the system with regards to academy's; it will only go on to make life even more difficult for lower league clubs. Link to comment Share on other sites More sharing options...
Doctoroncall Posted 4 March, 2011 Share Posted 4 March, 2011 Not looking good. http://www.guardian.co.uk/football/2011/mar/04/plymouth-argyle-administration-high-court Link to comment Share on other sites More sharing options...
aintforever Posted 4 March, 2011 Share Posted 4 March, 2011 How many times do we have to go over this, they will not be liquidated. They will blow off their debt and someone will buy them just like every other club that goes into admin. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 5 March, 2011 Author Share Posted 5 March, 2011 How many times do we have to go over this, they will not be liquidated. They will blow off their debt and someone will buy them just like every other club that goes into admin. You say "every", but it would actually be more accurate to say "most", as a number of clubs have been liquidated. It is entirely possible Plymouth could be liquidated if no adequate buyer is found and they have severe cash flow issues which makes the length of time they can remain in admin very limited. Link to comment Share on other sites More sharing options...
Fan The Flames Posted 5 March, 2011 Share Posted 5 March, 2011 You say "every", but it would actually be more accurate to say "most", as a number of clubs have been liquidated. It is entirely possible Plymouth could be liquidated if no adequate buyer is found and they have severe cash flow issues which makes the length of time they can remain in admin very limited. I can only think of two league clubs that have gone into liquidation, Newport County and Maidstone. With due respect to those clubs they are small tiddlers in the football pool. I dont know anything of the Newport story but Maidstone, a new league side, didn't have a ground at the time and had spent all their money trying the get planning on about three different sites. Plymouth may not be a massive club but with the assets they have I reckon a buyer will be found. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 5 March, 2011 Share Posted 5 March, 2011 I hope they're ok and i'm pretty sure they will be. Many clubs ''almost fold'' but they never do. Plymouth will be fine i'm sure. I can only think of two league clubs that have gone into liquidation, Newport County and Maidstone. With due respect to those clubs they are small tiddlers in the football pool. I dont know anything of the Newport story but Maidstone, a new league side, didn't have a ground at the time and had spent all their money trying the get planning on about three different sites. Plymouth may not be a massive club but with the assets they have I reckon a buyer will be found. Is winding up different from liquidation? I ask because, closer to home, we had this. Link to comment Share on other sites More sharing options...
Charlie Wayman Posted 5 March, 2011 Share Posted 5 March, 2011 Where there is a will there will be a way. Good luck to them. I'll send them £10 if it helps. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 5 March, 2011 Author Share Posted 5 March, 2011 (edited) I can only think of two league clubs that have gone into liquidation, Newport County and Maidstone. With due respect to those clubs they are small tiddlers in the football pool. I dont know anything of the Newport story but Maidstone, a new league side, didn't have a ground at the time and had spent all their money trying the get planning on about three different sites. Plymouth may not be a massive club but with the assets they have I reckon a buyer will be found. What assets? - They don't own a training ground. They are training at a local university. - The stadium was remortgaged and then eventually sold to HPPL in April 2010. Newport and Maidstone also didn't have £13m worth of debt. Edited 7 March, 2011 by Matthew Le God Link to comment Share on other sites More sharing options...
K,Billy's supersound Posted 7 March, 2011 Share Posted 7 March, 2011 just heard on radio if no buyer found by 14th then they could fold. not looking good for them. Link to comment Share on other sites More sharing options...
Thedelldays Posted 7 March, 2011 Share Posted 7 March, 2011 risdale in involved again.. Link to comment Share on other sites More sharing options...
St Chalet Posted 7 March, 2011 Share Posted 7 March, 2011 Shocking if they do liquidate, still on the bright side would improve our points situation given that we haven't taken any points against them and I presume others in top 6 have. In reality the league or someone will bail them out. Link to comment Share on other sites More sharing options...
Thedelldays Posted 7 March, 2011 Share Posted 7 March, 2011 if we got extra points or moved up the league from them going bust...then so be it Link to comment Share on other sites More sharing options...
Matthew Le God Posted 7 March, 2011 Author Share Posted 7 March, 2011 In reality the league or someone will bail them out. Not in a million years will the Football League "bale them out". How exactly would they do that without upsetting every other member? Also how could the league buy and fund a club? They require an investor in the next few weeks or they will go bust. Link to comment Share on other sites More sharing options...
St Chalet Posted 7 March, 2011 Share Posted 7 March, 2011 Brighton lose 6 points Bournmouth 6 points Huddersfield 3 points P'boro 3 points Table as of today would look like 1 Brighton 30 59 2 Southampton 31 55 3 Bournemouth 32 55 4 Huddersfield 32 54 5 Peterborough 32 53 Link to comment Share on other sites More sharing options...
Thedelldays Posted 7 March, 2011 Share Posted 7 March, 2011 Brighton lose 6 points Bournmouth 6 points Huddersfield 3 points P'boro 3 points Table as of today would look like 1 Brighton 30 59 2 Southampton 31 55 3 Bournemouth 32 55 4 Huddersfield 32 54 5 Peterborough 32 53 the points thing would deffo happen..? lets hope they go bust.. Link to comment Share on other sites More sharing options...
St Chalet Posted 7 March, 2011 Share Posted 7 March, 2011 Not in a million years will the Football League "bale them out". How exactly would they do that without upsetting every other member? Also how could the league buy and fund a club? They require an investor in the next few weeks or they will go bust. The league (albeit Premier variety) did a deal for Pompey to complete their fixtures. So not completely out of the question is it? Link to comment Share on other sites More sharing options...
St Chalet Posted 7 March, 2011 Share Posted 7 March, 2011 the points thing would deffo happen..? lets hope they go bust.. I believe that clubs who cannot complete their fixtures have previous results cancelled. L1 would be 44 games long. I'd rather they didn't liquidate tbh. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 7 March, 2011 Author Share Posted 7 March, 2011 (edited) The league (albeit Premier variety) did a deal for Pompey to complete their fixtures. So not completely out of the question is it? The Football League doesn't have billion pound contracts of national and international TV money like the Premier League, nor is it a bank with large cash reserves. - League One clubs get a few hundred thousand pounds in TV money and solidarity payments each year. - Plymouth have £13 million worth of debt and a cash flow which can't support them until the end of the season and beyond. It is the PFA and not the Football League that has been loaning the club money. If the Football League help Argyle when they didn't help anyone else, there would be (quite rightly) uproar on a huge scale amongst its 72 members. Edited 7 March, 2011 by Matthew Le God Link to comment Share on other sites More sharing options...
St Chalet Posted 7 March, 2011 Share Posted 7 March, 2011 Not in a million years will the Football League "bale them out". How exactly would they do that without upsetting every other member? Also how could the league buy and fund a club? They require an investor in the next few weeks or they will go bust. Would that be Gareth being loaned to them? Link to comment Share on other sites More sharing options...
Thedelldays Posted 7 March, 2011 Share Posted 7 March, 2011 I believe that clubs who cannot complete their fixtures have previous results cancelled. L1 would be 44 games long. I'd rather they didn't liquidate tbh. all i care about is saints going up...if that meant we did as a result of argyle going pop..them fine by me.. it wont happen though Link to comment Share on other sites More sharing options...
St Chalet Posted 7 March, 2011 Share Posted 7 March, 2011 The Football League doesn't have billion pound contracts in national and international TV money like the Premier League, nor is it a bank with large cash reserves. Plymouth have £13 million worth of debt and a cash flow which can't support them. It is the PFA and not the Football League that has been loaning the club money. If the Football League help Argyle when they didn't help anyone else, there would be (quite rightly) uproar on a huge scale amongst its 72 members. Agree, but still wouldn't be surprised if they 'helped' them to complete fixtures. Link to comment Share on other sites More sharing options...
JustMike Posted 7 March, 2011 Share Posted 7 March, 2011 met a couple of guys that work for Plymouth this weekend, they are greatful they still have a job and are covering jobs of those that have left, they were optimistic that a buyer will be found but things as they stand are not good. I wish them well Link to comment Share on other sites More sharing options...
Colinjb Posted 7 March, 2011 Share Posted 7 March, 2011 The league (albeit Premier variety) did a deal for Pompey to complete their fixtures. So not completely out of the question is it? Unlike the Premier League, League 1 doesn't have massive contracted TV deals to worry about. Link to comment Share on other sites More sharing options...
cryoman1965 Posted 7 March, 2011 Share Posted 7 March, 2011 The league (albeit Premier variety) did a deal for Pompey to complete their fixtures. So not completely out of the question is it? The deal that took place was to advance them money that they were to recieve upon relegation. They never funded them in any way. I don't believe Plymouth are due to recieve anything of sustance. If they fund the club they make a rod for their own back where when this situation appears again at another club they will have to do the same thing. No Money or investment it is buy buy I am affraid. Link to comment Share on other sites More sharing options...
Latheal Posted 7 March, 2011 Share Posted 7 March, 2011 Nobody wants to see another club go bust although if they do and we benefit then so be it. The rules are the rules and we all signed up to them at the beginning of the season. Whilst we are all looking at how it affects us at the top, there is a flip side at the bottom as well. I doubt they would still relegate four so somebody who has been down there all season and played within the rules would get a stay of execution and to be honest, that's how it should be. If Plymouth have lived beyond their means then they are no different to us, Pompey, B'mouth and the others. We all got bailed out within the rules (in some cases more stretched than others) by whatever means. If Plymouth do as well, good luck to them, if they don't then those that benefitted whilst playing within the rules have got what they deserved. I won't feel like we haven't deserved it - in fact quite the opposite. The state of football needs to change, its almost a common appearance every season now that somebody gets -10 or is threatened with extinction. For those of us saying we don't deserve to go up if its by the fact Plymouth go bust, does the team that finish 4th from bottom deserve to go down when they would have been 5th from bottom if Plymouth were still there (albeit with the minus 10)? Of course, that's in the scenerio that Plymouth are still in the bottom 4 if they are liquidated... Link to comment Share on other sites More sharing options...
Thedelldays Posted 7 March, 2011 Share Posted 7 March, 2011 watching the local news.. the administrator is pleading with the local community to donate money as there is a real fear the club will not survive... the administrator has set a deadline of March 17th. He is asking fans groups to donate ST holders to pay £10 entrance fee £500 be a director day at a game there are talks with 3 interested parties. Link to comment Share on other sites More sharing options...
Special K Posted 8 March, 2011 Share Posted 8 March, 2011 risdale in involved again.. TBF he has a lot of experience in dealing with clubs that are in financial difficulty. Whether or not there is an argument that at Leeds he was part of the reason they got into trouble is beside the point. He knows his way around the processes and procedures necessary to gain time during the potential winding up process. This is not to be underestimated - time is a valuable asset when backs are against the wall. Also employed by Argyle is David Jones, once our finace director, who also has valuable experience in dealing with a financially stricken club, ahem..... They have probably bought some valuable time for others to use to try and seek investment. As i understand it, there is a serious bidder but the existing board are reluctant to be usurped and it may well be that old devil pride that is holding back any progress. I wish the fans and employees of Argyle well and hope they can come out of it relatively unscathed. Link to comment Share on other sites More sharing options...
eelpie Posted 8 March, 2011 Share Posted 8 March, 2011 Redundancies now and supporters are being asked to donate £10 when they watch games. http://www.bbc.co.uk/news/uk-england-devon-12673258 Such terrible memories of when we were having whip-rounds to pay players wages to get to the end of the season. (And incidentally we owe Crouch for his vital contribution then otherwise we might not have survived till the end of season) I don't care if their dissolution might get us into the Championship by the (dishonourable) back door. I hope they survive! Link to comment Share on other sites More sharing options...
dingbattigger Posted 8 March, 2011 Share Posted 8 March, 2011 Redundancies now and supporters are being asked to donate £10 when they watch games. http://www.bbc.co.uk/news/uk-england-devon-12673258 Such terrible memories of when we were having whip-rounds to pay players wages to get to the end of the season. (And incidentally we owe Crouch for his vital contribution then otherwise we might not have survived till the end of season) I don't care if their dissolution might get us into the Championship by the (dishonourable) back door. I hope they survive! This Link to comment Share on other sites More sharing options...
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