ARGYLE chairman and majority shareholder Simon Hallett has delivered on his promise to the Green Army to provide a cash injection for the club.
Simon wrote in his last blog on our official website that his recently increased shareholding in the Pilgrims – he now owns 96% of the club - would “mean that I will provide more capital in coming months.”
That comes in the form of a purchase of three million ordinary shares in Plymouth Argyle Football Club at £1 a share.
The monies realised from these additional shares will be used to cover losses incurred in the path to sustainability, and to make investments in the club’s infrastructure that are deemed necessary by the Board of Directors.
This includes a revamping of the Home Park match-day sound; an improved payment system for the kiosks at the Theatre of Greens; and enhancements to the club’s iFollow Argyle production.
The long-term goal of the club remains having sufficient revenue to match all its costs.
In keeping with the club’s Vision and Values, which include transparency, the Pilgrims’ Board will shortly be delivering on another of its pledges – to provide supporters with a more detailed analysis of the club’s finances.