Discussions between the Football League and the club over Peter Ridsdale’s takeover have begun, says the administrator of Plymouth Argyle. The ex-Chairman of Leeds United last week completed a deal to buy the club. Bishop International, another company will purchase the land around the park as well as Home Park, thus clearing off any of Argyle’s debts.
As the club prepares for the upcoming season, this deal means their survival the administrator of the club Brendan Guilfoyle told the club’s website. There are still concerns about the deal since Kevin Heaney non-league Truro City’s chairman is involved with Bishop International. League rules state no one can be involved with the running of two different clubs.
Football League officials will have to make that decision but the takeover will not be completed until Ridsdale has the right to own the team which will not happen until it is ratified by league officials. While other fans may have wanted another deal, the timeframe does not allow for that said Guilfoyle.