MX23RW : Tuesday, September 25 03:51:06

Plymouth Argyle administrators agree sale

Plymouth administrators agree sale
© PA Photos
The joint administrators of Plymouth Argyle announce that they have reached an agreement in principle to sell the club.

The joint administrators of Plymouth Argyle have announced that they have reached an agreement in principle with the Akkeron Group for the sale of the football club.

A statement on the club's official website from administrator Brendan Guilfoyle read: "The administrators and the Akkeron Group are committed to completing the deal next month. The precise timing will depend on the Football League's transfer of the club's 'golden share'.

"We have consulted various parties and I must thank them for their flexibility in enabling us to negotiate and agree a deal with the Akkeron Group.

"In particular, I would like to thank staff and players as, throughout this complex and protracted process, they have put the rescue of their club above their own interests."

The club recently sacked manager Peter Reid.

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