The recent news that the unsecured creditors received a final settlement of a paltry 0.21p in the pound is a stark reminder of the appalling impact of the club’s financial failure last season.
The list of the suppliers who comprise the “trade and expense” creditors totals some £3.3m of debt.
The Argyle Fans’ Trust is seeking to help redress the injustice a little by beginning to contact the “injured suppliers” who suffered losses, and for those who want to participate, to produce both online material and flyers to be distributed on matchdays advertising their services. Supporters may then choose to find out more about and potentially use those services.
For Saturday’s game against Bradford, you may notice advertisement boards for the Trust around the ground. If these boards remain available until the end of the season, the Trust plans to use some of these to offer advertising for the local suppliers who took the biggest hits.
These flyers and advertisements may both help the suppliers while reminding fans of the need for the Trust to maintain a “critical friend” role to help ensure the recent problems are never repeated.
You can see a full list of the suppliers by visiting http://www.pafc.pandareports.com/ and downloading the file “Administrators Proposals and CVA Proposal”. Other administration documents can also be found there, including the final report and P&A’s explanation as to why the final payment dropped from 0.77p to 0.21p in the pound.
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