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 Post subject: Extension of SAP Deadline to 31st August Looming
PostPosted: Fri Jul 29, 2011 2:55 pm 
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Chris has asked me to post the following release that we have sent to the Administrator just now.

Statement, 29th July 2011

The ISC of the Argyle Fans' Trust notes with concern media reports that the Sale and Purchase (SAP) agreement could now be extended until the end of the month (August).

The Administrator has previously committed in writing to the Argyle Fans' Trust that the SAP agreement was due for completion on August 5th.

This latest development raises further concerns around the future of Plymouth Argyle and would see the already prolonged period of uncertainty extended for Players, Staff and Supporters.

We call on the Administrator to confirm (a) if the SAP agreement has been extended until the end of August (b) if it has been extended, to detail the reasoning behind this and (c) confirm that the monies needed to complete the purchase (we understand to be in the regions of £4.5m) are now being held in escrow by solicitors.

We can also confirm that the Rescue Plan committee will hold its next meeting on Monday 1st August. James Brent has confirmed his attendance.

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 Post subject: Re: Extension of SAP Deadline to 31st August Looming?
PostPosted: Fri Jul 29, 2011 2:58 pm 
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could you not add on the end: - BRENDAN - GIVE JB A BELL, YOU KNOW YOU WANT/NEED TO - AND IT MAKES SENSE !!


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 Post subject: Re: Extension of SAP Deadline to 31st August Looming
PostPosted: Fri Jul 29, 2011 2:59 pm 

Joined: Tue Oct 07, 2003 8:34 am
Gonna be a hot weekend I see!! :thumbdown: :thumbdown: :thumbdown: :thumbdown:

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 Post subject: Re: Extension of SAP Deadline to 31st August Looming
PostPosted: Fri Jul 29, 2011 3:02 pm 
Anyone smell fish?


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 Post subject: Re: Extension of SAP Deadline to 31st August Looming
PostPosted: Fri Jul 29, 2011 3:04 pm 
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So the staff are still getting paid in august marin(er)?

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 Post subject: Re: Extension of SAP Deadline to 31st August Looming
PostPosted: Fri Jul 29, 2011 3:04 pm 
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IJN wrote:
Anyone smell fish?


No, No, sheep, No, Goats ahhh no got it now it's BULLS......


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 Post subject: Re: Extension of SAP Deadline to 31st August Looming
PostPosted: Fri Jul 29, 2011 3:10 pm 
Player Sponsor 16/17 and Player Sponsor #2 16/17
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Obviously news of the players getting contracts was the calm before the storm.

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 Post subject: Re: Extension of SAP Deadline to 31st August Looming
PostPosted: Fri Jul 29, 2011 3:15 pm 
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up_the_line wrote:
So the staff are still getting paid in august marin(er)?


Probably yes - there are some home games in August, plus proceeds from the shirt sponsorship deal, and a little season ticket money.

Hand to mouth stuff, though.


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 Post subject: Re: Extension of SAP Deadline to 31st August Looming
PostPosted: Fri Jul 29, 2011 3:16 pm 
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I await Mr Guilfoyle's reply with some interest. :shifty:

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 Post subject: Re: Extension of SAP Deadline to 31st August Looming
PostPosted: Fri Jul 29, 2011 3:18 pm 
Peter_Jones wrote:
up_the_line wrote:
So the staff are still getting paid in august marin(er)?


Probably yes - there are some home games in August, plus proceeds from the shirt sponsorship deal, and a little season ticket money.

Hand to mouth stuff, though.


Still, as long as Brenda and David hang on for Riddler to find someone else, eh?


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 Post subject: Re: Extension of SAP Deadline to 31st August Looming
PostPosted: Fri Jul 29, 2011 3:23 pm 
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Or for "The Irish" to get their money together.

Who knows.


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 Post subject: Re: Extension of SAP Deadline to 31st August Looming
PostPosted: Fri Jul 29, 2011 3:25 pm 

Joined: Tue Oct 07, 2003 8:34 am
If true, you can bet Esmer & Marin(e)r will have their bullshite ready to pedal!!

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 Post subject: Re: Extension of SAP Deadline to 31st August Looming
PostPosted: Fri Jul 29, 2011 3:59 pm 
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Doesn't the exclusivity period end on 5th/12th August? Surely Guilfoyle is legally/duty bound to listen to the Rescue Plan bid if the deal with the Preferred Heaney is not completed by those dates?

Or the current Sale and Purchase agreement is now void and the Preferred Heaney will have to stump up more funding if he/they still want exclusivity?

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