Plymouth Argyle's staff to go without pay until buyer can be found

Plymouth Argyle's staff to go without pay until buyer can be foundPlymouth Argyle's players, staff and manager are working without pay until a buyer can be found for the club.

An injection of interim cash from potential purchasers, which would have enabled the buyer to enter an exclusive negotiation period, failed to materialise on Thursday.

Administrators then took the extreme cost-cutting measure of legally binding employees to an agreement to defer their March and April wages.

Brendan Guilfoyle, who is leading the administration, is trying to reduce the claims by secured creditors to assist in an orderly exit from administration.

Meanwhile Argyle have requested donations of memorabilia or cash from all football fans towards an auction attempting to stave off the increasing threat of the club's liquidation.

Powered by Guardian.co.ukThis article was written by Matt Scott, for guardian.co.uk on Friday 18th March 2011 22.24 Europe/London

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