Potential Argyle buyer James Brent frustrated by delay

Devon businessman James Brent has called on Plymouth's administrator to end the delay in naming a preferred bidder for the beleaguered club.

Brent is one of three potential suitors in line to buy Argyle, which has been in administration since early March.

"It was always going to take time and it's very frustrating," Brent said.

"I think we've got to the stage now where the administrators need to make their choice and they need to move forward to close a transaction."

He continued: "The focus needs to be on rebuilding the company or building a new company that supports the growth of the club and hopefully the performance on the pitch."

On Friday, Plymouth Argyle's creditors will vote on the administrator's proposed solution to the club's debt crisis that will see those owed money receive less than a penny in every pound.

The creditors have been told that unless 75 per cent of them accept the deal, the club could go into liquidation.

Brent said: "There are a number of conditions that we've set for our offer that do need to be fulfilled before we can go ahead and buy the club.

"The first of these is that the administrator decides that we are the preferred bidder as we've made it quite clear that we don't want to compete against other, better bidders, for the club.

"We also clearly need the unsecured creditors to vote in favour (of the Company Voluntary Arrangement) by a majority of 75 per cent at their CVA meeting later this week.

"So there's still quite a long way to go and there's not a huge amount of time to complete those tasks."

Surrey-based businessman Paul Buttivant is the second-party in the frame to buy the club, which was relegated from League One on Monday.

An Irish consortium has also expressed an interest.

Top Stories