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BRENDAN GUILFOYLE PRESS RELEASE

Posted: 15:53 04 Aug 2011
by Chris Webb
"Quite simply we have no money in the pot for the start of the new football season this Saturday and we have to pay wages at the end of the month," explained joint administrator Brendan Guilfoyle.



"We have written to Bishop International Limited asking them to come up with additional funds because they have been unable to complete the purchase of the club before the start of the new season this Saturday. Without this requested funding the administrators will have difficult decisions to make about the options they have left.



"We have to be realistic about the deals being put together to find the funds to buy football clubs. Multi millionaires with open cheque books prepared to pay for a loss making business are a dying breed. Administrators of any company have a duty and obligation to get the best possible outcome for creditors -- in this case, that includes staff and players. If Bishop International Limited is unable to complete the deal we will, of course, look at all other viable options, subject to them being able to provide immediate funding."



Guilfoyle praised Plymouth Argyle staff and fans, who have already bought 2,845 season tickets for the 2011/12 football season - money that is held in a separate trust fund and which will be released only on a game by game basis. "Both staff and fans have been magnificent in their support. It's a reflection of fans' passion for the club that 2,000 turned out for a friendly against Truro last week

Re: BRENDAN GUILFOYLE PRESS RELEASE

Posted: 15:56 04 Aug 2011
by Tavypilgrim
Sounds like a worried man. :sick:

Re: BRENDAN GUILFOYLE PRESS RELEASE

Posted: 15:56 04 Aug 2011
by tonycholwell
Im guessing then tomorrows press release from the FL will be a conditional acceptance of Plan A

Re: BRENDAN GUILFOYLE PRESS RELEASE

Posted: 15:57 04 Aug 2011
by John Squire
I'm confused! What happened to the 'other' Press Release, that appeared briefly here?

Re: BRENDAN GUILFOYLE PRESS RELEASE

Posted: 15:57 04 Aug 2011
by Green Rhino
The turning of the tide!

:clap:

Re: BRENDAN GUILFOYLE PRESS RELEASE

Posted: 15:58 04 Aug 2011
by Ian Newell
I read it as pay us the effing money, or else.

I also read (in a Scottish accent) 'Contingency Planners, ready'? :greensmile:

Re: BRENDAN GUILFOYLE PRESS RELEASE

Posted: 15:59 04 Aug 2011
by LiskeardLooney
The end is nigh for Kevin Heaney

I hope Mr Brent is ready.....

Re: BRENDAN GUILFOYLE PRESS RELEASE

Posted: 16:00 04 Aug 2011
by Ian Newell
matteh. wrote:
hamzie wrote: I'm confused! What happened to the 'other' Press Release, that appeared briefly here?


I thought that too. Don't be worried though, I print screened it if anyone wants another look! ;)


I think a certain Mr Webb, put the last one up. :lol:

Re: BRENDAN GUILFOYLE PRESS RELEASE

Posted: 16:01 04 Aug 2011
by sharkbait
matteh. wrote:
hamzie wrote: I'm confused! What happened to the 'other' Press Release, that appeared briefly here?


I thought that too. Don't be worried though, I print screened it if anyone wants another look! ;)


Does it say anything else?

Re: BRENDAN GUILFOYLE PRESS RELEASE

Posted: 16:01 04 Aug 2011
by John Squire
Matteh: Yes, I managed to get a copy printed off. But, where has it gone and why?

Re: BRENDAN GUILFOYLE PRESS RELEASE

Posted: 16:02 04 Aug 2011
by crownhillpilgrim
LiskeardLooney wrote: The end is nigh for Kevin Heaney

I hope Mr Brent is ready.....


I hope you're right.

Re: BRENDAN GUILFOYLE PRESS RELEASE

Posted: 16:03 04 Aug 2011
by Mike Greening
Chris Webb wrote: "Quite simply we have no money in the pot for the start of the new football season this Saturday and we have to pay wages at the end of the month," explained joint administrator Brendan Guilfoyle.



"We have written to Bishop International Limited asking them to come up with additional funds because they have been unable to complete the purchase of the club before the start of the new season this Saturday. Without this requested funding the administrators will have difficult decisions to make about the options they have left.



"We have to be realistic about the deals being put together to find the funds to buy football clubs. Multi millionaires with open cheque books prepared to pay for a loss making business are a dying breed. Administrators of any company have a duty and obligation to get the best possible outcome for creditors -- in this case, that includes staff and players. If Bishop International Limited is unable to complete the deal we will, of course, look at all other viable options, subject to them being able to provide immediate funding."



Guilfoyle praised Plymouth Argyle staff and fans, who have already bought 2,845 season tickets for the 2011/12 football season - money that is held in a separate trust fund and which will be released only on a game by game basis. "Both staff and fans have been magnificent in their support. It's a reflection of fans' passion for the club that 2,000 turned out for a friendly against Truro last week


He better not think of folding the club as there was other options available at the start of the process. We had better not end up with out a club because of his incompentance. :banghead: :banghead:

Re: BRENDAN GUILFOYLE PRESS RELEASE

Posted: 16:05 04 Aug 2011
by Daz
I think the contingency plan is going to be needed. Its a put the money up or jog on statement to me.