Plymouth Argyle set up perfectly for part-takeover as Simon Hallett’s transfer strategy addressed

Plymouth Argyle were well-beaten by Barnsley on their return to League One last weekend, much to the frustration of those at Home Park.

It was a tetchy affair between two sides who will have hopes of a top six finish in the third tier, but the Tykes looked the more controlled in Devon as they ran out 3-1 winners.

Tom Cleverley, who was sacked by Watford in May, will be hoping to see an improvement from his side against Bolton Wanderers at the Toughsheet Community Stadium on Saturday, but fans will also be hopeful of new faces in the squad.

Plymouth have been relatively low-spending so far this summer, but EFL Analysis has exclusive information on where Argyle stand financially.

Exclusive: Finance expert explains Plymouth Argyle’s financial position

Back in June it was reported that Gareth Bale was joining a consortium to purchase the Greens, however, it later emerged that the former Real Madrid star was actually showing an interest in Cardiff City.

Nevertheless, our finance expert, Adam Williams, has explained where Plymouth currently stand and how likely a future takeover is. He said: “Relative to their revenue and the resources at the owner’s disposal, I think Plymouth’s owners have done a fantastic job of managing the club’s finances.

“They’re very transparent and have acknowledged that further investment is needed to get them in a position whereby they can compete with some of the main players in the Championship.

“I understand the frustrations of some of the fans who want to see the club spend more, but if the funds aren’t there, the funds aren’t there. What you don’t want is to gamble by taking on external debt. Unlike many, Plymouth haven’t done that. They are more or less debt free. That’s another aspect that is going to be attractive to an investor.

“They have kept the wage bill very low historically, so if a new investor did come in and was prepared to underwrite the losses, they would have huge headroom as far as the EFL’s financial rules are concerned. Incidentally, they aren’t in a position where they have to make big adjustments in League One either for the same reason. League One has its own distinct set of financial rules.

“If and when a takeover or part-takeover is complete, they are going to have plenty of room to manoeuvre and we’ll start to see some more ambition.”

This season could be a slow-burner for Argyle

While supporters will of course be hoping for an instant return to the Championship for Plymouth, they have not spent as heavily as the likes of Huddersfield Town, Blackpool and Bolton.

Therefore, it may take a little bit of time before their form starts to show, especially as they are lacking a real threat in the final third.

Nevertheless, Hallett has made no secret of his desire to bring in investment at Plymouth, and with excellent crowds, a talented manager in charge and a squad that has a chance to be improved, they are attractive.

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