Argyle administration almost defeated Guilfoyle
The administration of Plymouth Argyle was the most challenging rescue of Brendan Guilfoyle's career, the partner at insolvency company The P&A Partnership said.
In a blog on the group's website, Guilfoyle admits the completion of any deal looked unlikely at times.
"This year, my firm helped another historic football club, Plymouth Argyle to survive. At times I thought we would have to admit defeat. Without doubt it was the most challenging rescue of my career," he said.
The administrator, who finally oversaw hotelier James Brent's takeover bid in October, has put together his thoughts on why the process took so long, which in turn "penalised players and staff wages".
"As with any football club, Plymouth Argyle's fans are passionate and wanted the best deal for their club. I'm a football fanatic myself and I completely understood their concerns, their comments and their criticisms. But parts of the insolvency process make it almost impossible to communicate openly with fans and others in the way you want.
"I was tied by confidentiality clauses and hated standing up in front of fans and not being able to tell them the whole story."
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