We know results and our current position aren’t good enough, and we share supporters’ frustration.
Following our relegation from the Championship, a rebuild has been needed. We were not strong enough to stay in the division and a squad reset was required.
That work is now underway - with a new coach, new staff, and a competitive squad being built for the long term, with the clear goal of returning to the Championship.
Injuries have made the start harder than expected, but we also accept results should have been better.
This is not a quick fix. It is a medium - to long-term process that will take time and patience.
All money that comes into the club is used for the benefit of the club. Some is spent; some is invested - but none has gone back out to shareholders.
Separately, we have invested an additional £12.5m into Foulston Park alongside the operating costs of the club.
A full breakdown of where money has come from, where it has gone, and where it is planned to go will be shared at a Fans’ Forum in September.
Our aim is clear: to build a competitive, sustainable squad and return to the Championship the right way.
Relying on short-term transfers or loans has brought benefits in recent years, but it has also left us exposed when players have been recalled or moved on at critical moments. That is why continuity and development are key.
Our focus is on building a squad of our own, and we believe Tom and his players are the right people to lead this rebuild.
We hear the frustrations and are determined to put things right.
Now more than ever, the team needs all our backing.
The Board of Plymouth Argyle
