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Plymouth Argyle on the brink

 

The future of League Two club Plymouth Argyle could be thrown into turmoil today as the Football League meets to discuss the club's current administration.

The Pilgrims have been in crisis since being placed into administration last year, the club's players recently agreed to take a deferment on their wages and the man who is hoping to buy the cash strapped club has threatened to withdraw his offer for the club unless the Football League ratify his offer at today's meeting.

Businessman Kevin Heaney's proposal, under Bishop International, would buy Plymouth's Home Park stadium and the surrounding areas for £6m, a deal which would wipe out Argyle's debts. Heaney would then sell the football side of the business to Peter Ridsdale for a nominal fee.

But with reports suggesting that the administrators are looking at alternative offers for the club, Heaney has said he could walkaway from the club.

"If they (the administrators) are not going to get this deal over the line on Thursday then Peter and I will walk away from the deal," Heaney said on bbc.co.uk.

"There seems to be an unwillingness to get this deal done by the administrators. I urge administrators to get this deal over the line - we have the security of funds in place.

"If the administrators put that forward to the league, I believe they would pass it."

Matt Morris

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