THE EFL have begun the initial approval process over a potential new investor for Plymouth Argyle, the club's owner and chairman Simon Hallett has revealed.
Hallett told a Plymouth Argyle Cornish Supporters' Association fans' forum in St Dennis on Monday night that he was 'on the verge of being able to come public with something'. The United States-based businessman has been searching for someone to put additional funds into the Championship club since the summer of 2023.
The process has not been an easy one, but Hallett seems optimistic the hunt could be drawing to a conclusion and he declared it would take the club's playing budget from the bottom two or three in the Championship to just below halfway.
"We have been disappointed in how long it has taken to find a new investor. I have been thinking this for about eight months, but I think we are on the verge of being able to come public with something.
"We have actually got the EFL already beginning the initial approval process. The progress has been slow and every time I think we are close, you get a little bit closer but you don't quite get there.
This story is from the December 04, 2024 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 04, 2024 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Warning tax rises may have greater impact on inflation
GOLDMAN Sachs has warned that the tax increases introduced by Rachel Reeves in the Budget could have a more significant impact on employment and inflation than official estimates suggest.
Convenience store rises from the ashes, a year after devastating fire
A PLYMOUTH convenience store has risen from the ashes with a £250,000 new look - a year after a devastating fire.
Architects leave debts of almost £500k
AN award-winning Plymouth architecture company has left debts of nearly £500,000 after collapsing, it can be revealed.
Commissioner for Covid fraud named
THE newly appointed Covid corruption commissioner will \"leave no stone unturned\" as he investigates a \"carnival of fraud\", Rachel Reeves has said.
Kaiser Chiefs unveil Home Park gig
KAISER Chiefs are playing a huge summer show in Plymouth next year to mark 20 years of their debut album.
History favours Pilgrims in their FA Cup encounter
HISTORY is on the side of Plymouth Argyle ahead of their Emirates FA Cup third-round tie away to Premier League club Brentford next month.
TIME FOR SUPPORT
HALLETT DETERMINED TO FIND WAYS OF HELPING ROONEY
Hallett is close to revealing mystery investor
EFL ARE UNDERTAKING APPROVAL PROCESS OF UNKNOWN PERSON
Sargeant and Clemson impress in Fawn's defeat
MARK Sargeant and Dave Clemson's (38.50) 26-dart 1001 leg included two maximums that contributed to 500 points in just three visits to the board from the latter.
Expansion plans for prisons slated
GOVERNMENT plans to boost prison capacity could fall short by thousands of cell spaces within two years and cost the taxpayer billions of pounds more than anticipated, Whitehall's spending watchdog has warned.
