More trouble for Plymouth

[severnside gull]

a little chink of light at the end of their tunnel but they needed to offload BWP to pay the next tranche of money owing to HMRC

 

[Guy Fawkes]

In court again on 12 Jan.

Plymouth Argyle face new winding-up petition

The parent company of Plymouth Argyle is facing a winding-up petition from HM Revenue & Customs over unpaid taxes.
Plymouth Argyle Football Company (Holdings) Limited has been summoned to appear in court on 12 January 2011.
No details have been disclosed on the amount of money the parent company owes to HMRC.
Two subsidiaries of the holding company were issued with winding-up petitions last month, and have been given until 9 February to clear their tax bill.
Following an appearance at the Royal Courts of Justice on 8 December, Plymouth Argyle Football Company Limited and Home Park Properties Limited were given 63 days grace by the registrar to clear their tax bill of £760,000.The cash-strapped club has experienced a catalogue of financial difficulties over the previous 12 months, the first indication of trouble being a transfer embargo for unpaid debt in December 2009.

The club was then relegated from the Championship, and has experienced dwindling attendances during their first season back in League One, with just 4,960 fans watching their game against Dagenham & Redbridge in November.
After being issued with two winding-up petitions in October, it emerged that both playing and office staff were paid their November salaries late.
Further funds to help clear the tax bill could be raised by the sale of Argyle players during the January transfer window.
On the pitch Plymouth sit 15th in League One, just three points above the relegation places.

Does anyone know what is happening with Plymouth tomorrow, are they still due in court and have they already paid up or are they likely to be able to settle their debt and avoid this Winding up order?

 

[Silent Bob]

Think they've paid off their tax bill so in the very short term they're ok but still have a lot of financial problems.

 

[Acker79]

They reported on ssn on saturday evening that plymouth had paid the debt, and paid their players the wages they were owed for december.

 

[Thunder Bolt]

BBC News - Loan gives Plymouth Argyle breathing space

 

[severnside gull]

the players have yet to be paid for january and they have a new £500K tax bill due this month

this article makes interesting reading

Plymouth local news | This is Plymouth

 

[Mammoth]

the players have yet to be paid for january and they have a new £500K tax bill due this month

this article makes interesting reading

Plymouth local news | This is Plymouth

Proper journalism in a local rag- Argus take note

 

[severnside gull]

safe for today

2 weeks before their next tax bill and no players' wages paid for January

BBC Sport - Football - Plymouth Argyle survive winding-up threat

 

[seagullsovergrimsby]

Where is Ridsdale off to next

 

[severnside gull]

Ridsdale is staying on, almost on a day-by-day basis as their advisor (ostensibly in an unpaid capacity although I would need a lot of convincing about that). I think he is disqualified from sitting on the Board because of his past shenanigans

 

[redneb]

Heres the table if Plymouth get liquidated. Obviously good news for us as we have yet to take a point of them, but bad new for football. If they go out of business before P**tsmouth then something aint right.

Pl GD Pts

Brighton 24 23 46
Southampton 24 22 41
.......................................
Bournemouth 25 16 40
Huddersfield 24 10 40
MK Dons 26 -1 40
Colchester 24 0 37
.......................................
Peterborough 24 0 36
Sheff Weds 24 9 35
Rochdale 24 5 35
Exeter 25 -4 35
Carlisle 23 10 34
Charlton 22 4 34
Oldham 24 -2 34
Leyton Orient 24 2 32
Hartlepool 24 -9 31
Brentford 25 -5 29
Yeovil 25 -12 29
Notts County 22 -2 27
Tranmere 24 -9 27
Swindon 25 -10 27
.......................................
Bristol Rovers 24 -18 27
Dag & Red 23 -14 21
Walsall 26 -17 20

 

[hans kraay fan club]

Heres the table if Plymouth get liquidated. Obviously good news for us as we have yet to take a point of them, but bad new for football. If they go out of business before P**tsmouth then something aint right.

Pl GD Pts

Brighton 24 23 46
Southampton 24 22 41
.......................................

The Albion would lose SEVEN points, by having one win over them chalked off? That seems a liitle harsh.

 

[Hiney]

The Albion would lose SEVEN points, by having one win over them chalked off? That seems a liitle harsh.

one point for each finger on redneb's hand.

 

[hans kraay fan club]

one point for each finger on redneb's hand.

With all those extra fingers to count on, you'd think his maths would be a bit stronger.

 

[bhaexpress]

With all those extra fingers to count on, you'd think his maths would be a bit stronger.

He probably gets a bit confused with having to count past three.

 

[hans kraay fan club]

Maybe its a whole new Southampton Style of counting?

 

[redneb]

Just got it off this thread

SaintsWeb

 

[BensGrandad]

Radio Sussex just announced their court action withdrawn as we paid 1/3 of their debt to HMRC for Craig Noone.

 

[redneb]

Just got it off this thread

SaintsWeb

which is obviously out of date now.

 

[Acker79]

It would now look like this:

(I'm assuming only three teams would go down).


Part of me suspects there is someone out there with the cash to invest in plymouth, they're just waiting for them t go into administration to get them on the cheap, and I think that's how most lower league sales are going to go in the near future, at least.