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Page last updated at 12:34 GMT, Tuesday, 14 December 2010

Peter Ridsdale leaves debt-ridden Plymouth Argyle


Relegation causes 'financial oblivion' - Ridsdale

Former Leeds United and Cardiff City chairman Peter Ridsdale has confirmed that he will not become permanently involved with Plymouth Argyle.

Ridsdale has been advising the financially troubled outfit on ways of solving their debt problems.

"As soon as the areas in which I am continuing to work have been completed, I will no longer be involved in the club," said Ridsdale in a statement.

Argyle faced a winding-up order over a £760,000 debt to HM Revenue & Customs.

Earlier this month a High Court judge granted the club and a related company, Home Park Properties, 63 days to clear their debts.

Ridsdale has been advising the Pilgrims on their financial plight and there have been claims the former Leeds United and Cardiff City chairman could have been employed in a full-time role at Home Park.


"During recent weeks I have been in discussions with representatives of shareholders in Plymouth Argyle Football Club with regard to the ongoing need for investment and help," said Ridsdale.

"I have been attempting to be of assistance on an advisory basis and there are some issues outstanding on which I will continue to advise," he added.

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