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Page last updated at 14:27 GMT, Wednesday, 2 March 2011

Cash for Plymouth Argyle comes from Japanese directors

Plymouth Argyle

Plymouth Argyle director George Synan has told the BBC a substantial amount of money has arrived from Japan to help save the ailing club.

BBC Radio Devon understands that the £350,000 sent from Japan is currently being held by the club's lawyers.

Plymouth's bank account was frozen last week after they issued a notice of intention to appoint an administrator.

Lawyers are trying to devise a legal mechanism whereby the club's staff can be paid before money goes to creditors.

The club is reported to have debts of over £10m and has been unable to pay both playing and office staff their February wage packets.

In a statement released on Monday, non-football staff said they were "prepared to go the extra mile to play their part in the survival of a football club which they are have in their hearts and are proud to represent".

They added: "The staff support a swift resolution to the financial problems for the benefit of Plymouth Argyle Football Club and therefore urge all parties to work together assiduously to bring about a speedy conclusion to the current situation."

Argyle were docked 10 points after issuing the 'notice of intention' and now sit bottom of League One.

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see also
Ridsdale steps back from Argyle
02 Mar 11 |  Plymouth
Stapleton faces Argyle departure
25 Feb 11 |  Plymouth
McCauley considers aiding Argyle
22 Feb 11 |  Plymouth
Brighton 4-0 Plymouth
22 Feb 11 |  League One
Plymouth receive 10-point penalty
21 Feb 11 |  Plymouth
PFA supporting Plymouth's players
15 Feb 11 |  Plymouth
Consortium takes over at Plymouth
02 Jul 09 |  Plymouth

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