Football

Brent submits Plymouth proposals

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Brent submits Plymouth proposals (©PAphotos)
Brent submits Plymouth proposals (©PAphotos).

The investors looking to save Plymouth from liquidation have submitted their final proposals for the payment of outstanding wages to players and staff at Home Park.

Staff at the Devon club have not been paid in full this year and, with time running out for a deal to be agreed, Akkeron Group chairman James Brent has urged those owed money to take up the offer. The proposal includes a sum paid upon the takeover being concluded, as well as incremental payments each month and full remuneration after a certain length of time.

In a statement released by his group on Tuesday, Brent said: "The selfless approach of staff and players is what has kept this football club alive on life support. While we would clearly have liked to offer faster payment of PAFC's debts to employees, the proposal is the best the company can safely offer."

He added: "I hope the payments can be accelerated through the receipt of unbudgeted income.

"I hope also that the current and previous employees will accept these proposals.

"While risks to a rescue remain, this will be an important step forward in avoiding liquidation."

Argyle's acting chairman Peter Ridsdale added: "I would ask all those affected to support the proposals as quickly as possible so that we can move forward.

"The proposal in my view is materially better for everyone involved than the alternative of liquidation."

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Topics:
Football
League Two
Plymouth Argyle
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