Plymouth Creditors Pass CVA

Plymouth's creditors have accepted the CVA proposal from the Administrator.

Brendan Guilfoyle saw his £100,000 offer accepted by the necessary 75% of creditors, who will now recieve just 0.77p/£ of the debt, and then announced that he had secured a preferred bidder for the club. The bidder would remain nameless until June 14th but Guilfoyle described them as 'genuine football people'.

The three bidders known to be in the hunt are local hotelier James Brent, property developer Paul Buttivant, and a mystery Irish consortium.

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