ADMINISTRATORS COULD be appointed to Plymouth Argyle.
The football club issued a ‘notice of intention’ to appoint administrators as it seeks a solution to its cashflow problems.
While the move does not necessarily mean administrators will be appointed, the notice of intention means that under Football League rules the club will be deducted ten points.
“This action gives the club protection from insolvency action from creditors, whilst at the same time allowing the directors the opportunity to turn current expressions of interest into a permanent and lasting solution for the Club,” the board said in a statement on the club website.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children