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Page last updated at 18:24 GMT, Monday, 28 February 2011

Shareholders' money 'on way', says Peter Ridsdale

Peter Ridsdale
Ridsdale has been at Argyle since December

Plymouth Argyle's football consultant Peter Ridsdale says he believes money is finally on its way from the club's Japanese shareholders.

However, he added that it would be well short of the £1.5m George Synan and Yasuaki Kagami promised.

Any cash for the debt-ridden club is likely to be set aside to pay a Revenue and Customs bill of about £300,000.

Non-football staff, who have not been paid this month, have also now called on directors to solve problems quickly.

Late payment of wages has been affecting staff at Home Park for some time with the players still awaiting their pay packets for January .

The club's debts are reported to be in the region of £10m.

Ridsdale told BBC Spotlight that the "signs were that the money was coming on this occasion".

However, he added: "But we'll have to wait as we've been promised money on a number of occasions previously."

Meanwhile, in a statement, non-football staff said they were "prepared to go the extra mile to play their part in the survival of a football club which they are have in their hearts and are proud to represent."

They added: "The staff support a swift resolution to the financial problems for the benefit of Plymouth Argyle Football Club and therefore urge all parties to work together assiduously to bring about a speedy conclusion to the current situation."

Japan-based director Synan said over the weekend that an injection of funds had been sent.

Plymouth Argyle were docked 10 points last week after issuing a notice of intention to appoint an administrator.



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see also
Stapleton faces Argyle departure
25 Feb 11 |  Plymouth
McCauley considers aiding Argyle
22 Feb 11 |  Plymouth
Brighton 4-0 Plymouth
22 Feb 11 |  League One
Plymouth receive 10-point penalty
21 Feb 11 |  Plymouth
PFA supporting Plymouth's players
15 Feb 11 |  Plymouth
Consortium takes over at Plymouth
02 Jul 09 |  Plymouth
Foot joins Plymouth board
10 Aug 01 |  Eng Div 3


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