I saw this one coming months ago ! So is he the saviour or a vulture picking over the carcass to make a fat profit ?
Peter Risdale will take control of Plymouth Argyle when a deal with a consortium to acquire
the club's property assets is completed.
The former Leeds, Barnsley and Cardiff chief executive will pay just £1 to
become sole shareholder of a new company controlling the club.
A club spokesman told BBC Sport that the deal is very close, and relies on
the administrators approving it.
"It's now just a matter of dotting the i's and crossing the t's," he said.
The land surrounding Home Park and the ground itself will be sold to an Irish
consortium, who are being advised by Truro City chairman Kevin Heaney.
"Once that bid happens, immediately afterwards the club will become Peter
Ridsdale's," the spokesman told BBC Sport.
Any deal would still have to be ratified by Argyle's administrators, who have
been battling to find a way to save the financially stricken club since it went
into administration in March.
Ridsdale told BBC Spotlight: "The contracts were sent back to the respective
parties on Friday night.
"We're just waiting to hear this morning if there are any final amendments.
"Whether that'll be this morning, this afternoon or tomorrow morning I don't
know, but it is very close now."
Once the takeover is complete Ridsdale will then need to go to the Football
League and prove that the club is fit to be taken out of administration.
"That's not a simple process but I think our objective is to do that by 6
August,"
Click to play
Ridsdale hoping temporary training arrangement can be made
permanent
The club had only 11 players for the first day of pre-season training at a
new temporary training ground at Plymouth's University College Marjon.
The club can sign up to 20 players while they are in administration, provided
they can pay their wages.
Comments
there must be something very disturbing about this mans psyche
i dont think i can think of someone so blindly egocentric
as vm would say ...i dont believe it !