Akkeron Group to Buy Plymouth Argyle
October 28, 2011
English League Two club, Plymouth Argyle (P&A) have announced they are very close to being bought by James Brent’s Akkeron Group.
After almost eight months in administration, Argyle could soon return to financial stability after The P&A Partnership announced this morning that they were satisfied with all aspects of the takeover at Home Park.
It is expected to lead the club out of administration, and the takeover will be completed later on Friday.
In a statement, Brendan Guilfoyle of The P&A Partnership said: “I am delighted that this morning we have agreed a deal that will see Plymouth Argyle Football Club coming out of administration.
“We have been assured that Akkeron will complete the purchase today. Like many other parties, ourselves and Walker Morris have waived a significant amount in fees to ensure the survival of the club.
“I would like to thank everyone for their patience and continued support during complex negotiations to save the club.”