Argyle Staff Asked to Defer Wages Again ; Beleaguered Pilgrims Lurch to New Low As Takeover Talks Are Delayed and Employees Suffer Argyle Buyout Talks Are Held Up

Summary

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Staff at debt-crippled Plymouth Argyle have agreed to work unpaid for two months - after being told to sign legal papers or find new jobs.

The Pilgrims, who laid off 15 workers earlier this month, are up for sale after plunging into administration with debts of about Pounds 13 million.

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Extract

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Argyle Staff Asked to Defer Wages Again ; Beleaguered Pilgrims Lurch to New Low As Takeover Talks Are Delayed and Employees Suffer Argyle Buyout Talks Are Held Up

Takeover talks have hit a major stumbling block, with none of the four groups eyeing the relegation-threatened club yet ready to stump up cash. Negotiations over loans secured ...

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