Keith Todd to remain on Plymouth Argyle board

Keith Todd joined the Plymouth Argyle board at Home Park in July 2009

Plymouth Argyle director Keith Todd has signalled his intention to remain on the board despite being stood down as executive director.

The financially-troubled club announced last Friday that Todd will relinquish his executive role on 1 January.

But Todd said: "I remain on the board and intend to stay on the board.

"We've got to make sure this club gets through these difficulties. That's been my drive, making sure we find a way of getting funding in," he told BBC Sport.

Plymouth face the threat of being wound up next year, if they fail to pay £760,000 in unpaid tax to HM Revenue & Customs.

"I'm staying for a couple of reasons," Todd continued. "One is that I represent Mastpoint and we are the biggest creditor."

I'm going to be operating in the best interests of the club and the creditors

Keith Todd

Mastpoint Limited was formed in March 2009 by Todd and Argyle's former chairman, Sir Roy Gardner, who resigned from his post at Home Park on Monday.

"We [Mastpoint] have put the vast majority of money, around 80% plus, into the club over the last 18 months.

"As such I have an important responsibility to the club to make sure the club survives because funding has been the core issue over the last 18 months and clearly still is.

"I am now the sole voice for Mastpoint investors on the board, but our voice will still be the same and that is we've always done things in the best interests of the club - we've tried to ensure others do, but that hasn't always been successful."

Todd and Gardner took a joint 13% share in the Devon club in July 2009, when along with Japanese investor, Yasuaki Kagami, they formed a 51% majority that saw Todd being charged with running the club.

He said: "In terms of stepping down for somebody else to take over the role of executive director that's absolutely fine, but it would be ideal if we understood who that was, but at the moment it isn't clear."

Former chairman Paul Stapleton will take over as executive director on an interim arrangement in January, however, former Leeds and Cardiff City chairman Peter Ridsdale has been linked with the role on a permanent basis.

606: DEBATE

I think Stapleton is trying his hardest to save the club and his own money and that Ridsdale is the only immediate lifeline

anglo_dutch

Todd commented: "If Peter Ridsdale, who has been mentioned a few times is part of the answer, if he can bring in money, then that's absolutely no problem."

The 57-year-old director added that despite rumours of unrest in the boardroom, he is there to stay.

"They can't [vote me off the board]," he said.

"There are, in extreme cases, means of removing me from the board, but I'm going to be operating in the best interests of the club and the creditors, including Mastpoint."