‘Do we realise how lucky we are?’ – Many Plymouth Argyle fans react to latest club statement

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

Plymouth Argyle fans have been reacting to the latest statement from their owner, Simon Hallett.

The Pilgrims are assumed to have made an immediate return the League One this season under the stewardship of Ryan Lowe, but also have owner Hallett to thank for helping keep them afloat. He’s pledged one more cash injection to help sustain the club through the current crisis, although he has also revealed it will be the last one he puts in.

“My role since becoming Argyle’s owner has been to provide the money to invest in our future,” he said in his statement published on the club’s site.

“The longer this virus goes on, the more obvious it is that I have to do more to protect that long-term future. The best way to do that, while keeping options open, is to put cash in the bank.

“I will therefore be injecting yet another substantial amount into the club in the next few weeks. This cash will be used to protect Argyle from some of the bad financial outcomes that we think may happen in the absence of financial support for EFL clubs from some other party.

“The cash that I am putting in this time will, however, be the last such injection from me. We are already thinking about further ways to reduce our cost base to overcome the short-term difficulties, and, once this crisis is over, we will need to be more reliant on the investments we’ve already made to generate the resources needed to achieve our longer-term goals.”

The lifelong-Plymouth fan initially invested £500,000 into the Home Park outfit, as well as inheriting £650,000 of debt when he first joined the board in 2016. He has since loaned the club £4m, which has now been written off, as well as putting in £1.5m to help complete work on the club’s new Mayflower Stand in November last year.

His continued benevolence is music to the ears of these supporters, who are thankful for their owner’s commitment to the club during these uncertain times.

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

This site uses Akismet to reduce spam. Learn how your comment data is processed.