Plymouth quash takeover concerns

03 June 2011 10:54
Plymouth Argyle's administrator Brendan Guilfoyle has said there is no basis in rumours suggesting a deal to buy the club has failed.Supporters contacted acting chairman Peter Ridsdale over reports that an Irish consortium, who are the preferred bidders for Argyle, had pulled out. [LNB]But Guilfoyle told BBC Spotlight: "I know of nothing to make me believe they are not going to do the deal." [LNB]Ridsdale is due to meet consortium members in London on Friday. [LNB]Guilfoyle also said the consortium has paid a six-figure sum to keep the club going. [LNB]That payment was made two weeks ago, with the next staged payment not due until later this month. [LNB]The identity of the consortium cannot be revealed due to a confidentiality agreement until 14 June. [LNB]Plymouth entered administration in March with debts of over £17m, divided between more than 240 unsecured creditors, and were subsequently relegated from League One in May.

Source: BBC_Sport