Plymouth Face Successive Relegations After 10-Point Deduction
By Community | February 22, 2011
English nPower League One soccer club Plymouth Argyle have been deducted 10 points with immediate effect after they issued a notice of intention to appoint an administrator.
In a decision which breaks Football League sanctions and commands, a 10-point deduction was inevitable with the notice classed as an ‘insolvency event’.
The League One strugglers now find themselves bottom of the league and 10 points from safety after relegation from the Championship last year, having been the subject of three winding-up petitions from HM Revenue & Customs this season.
A statement on the club website said: “The directors of Plymouth Argyle Football Club have today issued a Notice of Intention to appoint Brendan Guilfoyle, Christopher White and John Russell of The P&A Partnership as administrators.
“This action gives the club protection from insolvency action from creditors.
“This does not mean that the club is in administration today nor does it assume that it will necessarily enter into administration at a future date.”
With his side now facing the stark reality of dropping into English soccer’s fourth-tier next season, Argyle manager Peter Reid told BBC Spotlight: “From a football point of view it’s a massive blow to the club.
“You’ve just got to get on with it. It’s going to make it really difficult but we’ve just got try and start the fight back against Brighton.
“Hopefully the board of directors can sort out the financial problems and hopefully this is the lowest ebb and we can start rising from this situation.”