Pilgrims takeover deal in place, but hands off Luggy & Coughers!

Last updated : 29 October 2011 By westfield shrimper / DSG

Home Park: Deal agreed

Home Park: Deal agreed, just go somewhere else for any new management team!
 
At last, after almost eight months in administration, Argyle could soon return to financial stability after The P&A Partnership announced this morning that they were satisfied with all aspects of the takeover at Home Park.

That paves the way for the Pilgrims to finally come out of administration, and the takeover could be completed later on Friday.

In a statement, Brendan Guilfoyle of The P&A Partnership said: "I am delighted that this morning we have agreed a deal that will see Plymouth Argyle Football Club coming out of administration. We have been assured that Akkeron will complete the purchase today. Like many other parties, ourselves and Walker Morris have waived a significant amount in fees to ensure the survival of the club. I would like to thank everyone for their patience and continued support during complex negotiations to save the club."

Peter Risdale has been confirmed as the Argyle Chairman.

So we will be making the long trip to Devon on Saturday, February 4th after all, book that long weekend now!
 
However, it means there is even more to play for at the wrong end of League Two as the fight to avoid the Blue Square Premier will still include Luggy's old team.
 
Now lads, just keep your hands off the Blues boss and/or Graham Coughlan thanks very much!
 
Pilgrim's progress and back again: http://en.wikipedia.org/wiki/History_of_Plymouth_Argyle_F.C.
 
Business as usual for Coughlan: www.southendunited-mad.co.uk
 
Cheer up Peter Reid: www.southendunited-mad.co.uk
 
Southend United 2 Plymouth Argyle 0 (September 11th, 2011): www.southendunited-mad.co.uk
 
Back in Time: www.southendunited-mad.co.uk
 
Life at the bottom
 
18 Hereford United 15 3 0 5 5 16 1 4 2 8 9 4 4 7 13 25 16 -12
19 Northampton Town 15 1 2 4 5 10 3 1 4 11 13 4 3 8 16 23 15 -7
20 Accrington Stanley 15 3 1 4 8 11 0 5 2 5 9 3 6 6 13 20 15 -7
21 Bradford City 15 3 1 3 11 10 0 3 5 7 14 3 4 8 18 24 13 -6
22 Dagenham & Redbridge 15 2 1 5 9 15 2 0 5 6 11 4 1 10 15 26 13 -11
 
23 Barnet 15 2 2 4 8 13 1 1 5 8 17 3 3 9 16 30 12 -14
24 Plymouth Argyle 15 1 1 5 5 12 1 1 6 6 19 2 2 11 11 31 8 -20