‘What a legend’ – Plenty of Plymouth fans react positively to the latest significant club announcement

By Euanargyle - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=58381489

Plymouth Argyle have announced chairman and majority shareholder Simon Hallett has invested a further £1.5m into the club.

The additional investment was made through the purchase of another 1.5m £1 shares in the club.

Hallett is a partner and co-chief investment officer at an American-based investment management firm at Harding Loevner. The United States-based businessman is a Plymouth College graduate and became a Pilgrims director in April 2016, when he acquired a nearly 30% shareholding.

In September, he turned a £4.1 million, 30-year loan into equity, which increased his Argyle shareholding to 97 percent and effectively made the club debt-free.

 

He stated at the time that is aim was to make the club self-sustainable, but the latest cash boost was needed to cover several one-off costs related to the completion of Argyle’s new Mayflower Grandstand. The statement reiterated the aim of moving the club to ‘a position of financial sustainability in the near future.’

Plymouth fans soon took to social media to react to the news, with most expressing gratitude and positivity to their popular owner. Some did add a note of caution about the long term finances of the club, but the vast majority believe Hallett is the best owner the club has had for many a year.

Here is a selection of their responses to the news.

 

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