A
Anonymous
Guest
Hi All
Apologies for the delay.
A successful Conference Call. The difficulty for the Contingency Committee is that whilst the SAP agreement is in place Brendan Guilfoyle is unable to engage with us and therefore we are in a "wait and see" situation. We can assure supporters that this will not stop us continuing to plan away in the background.
It is clear to everyone that this time next week the picture will be a lot clearer.
We were joined on the call this time by Peter Ridsdale. He gave an update on where we are with the BIL bid. It was much the same in detail as what Brendan Guilfoyle gave to Radio Devon today.
The Contingency Committee has agreed to meet again on Friday 12th August. Peter Ridsdale has committed to attending this meeting to pass on the latest developments.
Off for a chill out beer ahead of the big match tomorrow!
Chris
Statement 5th August 2011
The Contingency Plan Committee met by conference call on 5th August 2011 to discuss, amongst other matters, P+A Partnership's press release dated 4th August 2011. Peter Ridsdale, PAFC's Acting Chairman, and James Brent were also present.
The Committee noted that the Joint Administrators are positive that Bishop International Limited ('BIL')'s funding will be in place by the end of next week (12th August). While the timing is less clear, it is understood that the Football League also appear to be considering BIL's proposals actively. The Committee welcomed the clarity on these points.
However, it is concerned by the P+A Partnership suggestion on timescale - which would not allow sufficient time for a Contingency Plan to be implemented, if their preferred choice failed to perform. The Committee calls on the Joint Administrators to ensure that, in this event, the Contingency Plan is given sufficient time to be completed.
Chris Webb, Chairman of the Argyle Trust said: ' The Joint Administrator has reported that BIL has made progress on moving towards completion of its offer. The Club's employees, supporters and others have endeavoured to ensure that the Club has a future beyond its 125th anniversary. In the event that BIL is not successful, it is imperative that the Joint Administrators give the Contingency Plan a chance for the benefit of creditors, the Club's employees and Plymouth and the wider South-West. '
ENDS
Apologies for the delay.
A successful Conference Call. The difficulty for the Contingency Committee is that whilst the SAP agreement is in place Brendan Guilfoyle is unable to engage with us and therefore we are in a "wait and see" situation. We can assure supporters that this will not stop us continuing to plan away in the background.
It is clear to everyone that this time next week the picture will be a lot clearer.
We were joined on the call this time by Peter Ridsdale. He gave an update on where we are with the BIL bid. It was much the same in detail as what Brendan Guilfoyle gave to Radio Devon today.
The Contingency Committee has agreed to meet again on Friday 12th August. Peter Ridsdale has committed to attending this meeting to pass on the latest developments.
Off for a chill out beer ahead of the big match tomorrow!
Chris
Statement 5th August 2011
The Contingency Plan Committee met by conference call on 5th August 2011 to discuss, amongst other matters, P+A Partnership's press release dated 4th August 2011. Peter Ridsdale, PAFC's Acting Chairman, and James Brent were also present.
The Committee noted that the Joint Administrators are positive that Bishop International Limited ('BIL')'s funding will be in place by the end of next week (12th August). While the timing is less clear, it is understood that the Football League also appear to be considering BIL's proposals actively. The Committee welcomed the clarity on these points.
However, it is concerned by the P+A Partnership suggestion on timescale - which would not allow sufficient time for a Contingency Plan to be implemented, if their preferred choice failed to perform. The Committee calls on the Joint Administrators to ensure that, in this event, the Contingency Plan is given sufficient time to be completed.
Chris Webb, Chairman of the Argyle Trust said: ' The Joint Administrator has reported that BIL has made progress on moving towards completion of its offer. The Club's employees, supporters and others have endeavoured to ensure that the Club has a future beyond its 125th anniversary. In the event that BIL is not successful, it is imperative that the Joint Administrators give the Contingency Plan a chance for the benefit of creditors, the Club's employees and Plymouth and the wider South-West. '
ENDS