Football

Pilgrims granted stay of execution

Published Add your comment

Plymouth have been given a stay of execution after a winding-up petition against them in the High Court in London was adjourned until February 9.

The cash-strapped npower League One side were served the petition by Her Majesty's Revenue and Customs after failing to pay £700,000 of tax, which has seen their staff's November wages go unpaid.

The club said in a statement: "The board and its advisors are continuing to work through a number of potential answers in order to put the club on a sound financial footing. We are advised not to make any further comment at this time. When we have anything more to say we will advise you."

The winding-up order raised the prospect of the Pilgrims being forced into administration and hit with a 10-point deduction, but their request to be given additional time to pay the bill was today granted.

Argyle's total debt with HMRC is understood to be £780,000 but efforts are being made to find new investment to avoid administration and a points penalty.

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms

Topics:
Football
League One
Plymouth Argyle

Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author

DISCLAIMER

This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again