NEW OWNERS PREPARE GRAND ARGYLE DESIGN

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Friday, July 03, 2009
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This is Cornwall

PLYMOUTH Argyle's new owners will reveal their detailed plans for the way forward for the Championship club by Christmas.

A combined Japanese-UK consortium are buying a controlling interest in the Pilgrims, it was confirmed at a Press conference at Home Park yesterday.

Argyle director Yasuaki Kagami and one of his companies, Tokyo-based KK Shonan, have teamed up with two prominent British businessmen.

Sir Roy Gardner, who was knighted in 2002 for services to the gas and electricity industries, has become Argyle's new chairman.

And Keith Todd CBE, one of the UK's top telecommunications experts, has been appointed as a club director.

A wide-ranging five-year business plan is under preparation and will be published before Christmas.

Among the targets will be to turn Home Park into a 25,000-seat stadium and establish a youth academy.

The new owners also want to enhance and capitalise on the Argyle brand, not only in Plymouth and the South West but globally.

Gardner succeeds Paul Stapleton, who will now be the vice-chairman on a new board of directors.

Paul Sturrock will continue as Argyle manager under the new regime, but his playing budget is only set to increase as the club generates more commercial income.

Robert Dennerly and Tony Wrathall will remain on the Pilgrims' board, while George Synan, director of KK Shonan, has been appointed as a director.

KK Shonan recently increased their stake in Argyle's parent company from 20 per cent to 38 per cent.

They did so by buying all the shares of former director Phill Gill.

Gardner, the former Manchester United chairman, and Todd – a lifelong Argyle supporter – have been business associates over many years.

The pair are buying 13 per cent of the shares in Plymouth Argyle (Holdings) Limited through their joint venture company KKC.

That takes the Japanese-UK consortium up to the 51 per cent they need to assume a controlling interest in the Pilgrims.

KK Shonan and KKC have options to further increase their shareholding over the next 12 months.

Gardner has several other business commitments, including being chairman of The Compass Group, a world-leading contract catering firm.

The 63-year-old will not be a regular visitor to Home Park, with meetings of the new board of directors likely to take place via video-conference.

He intends to watch as many away matches as possible in London and the Midlands, and some at Home Park.

Gardner described Argyle as a brand with 'great potential' and admitted his aim for the club was promotion to the Premier League within five years.

But the Pilgrims narrowly escaped relegation last season so he has more immediate objectives.

Gardner said: "We have some ambitious but realistic ideas, but our first priority, of course, is to stabilise what we have and lay the foundations for the future.

"That's why we are backing our current manager Paul Sturrock, who, like Paul Stapleton, has really delivered success for this club.

"It's all about getting down to work now so that by Christmas we will have prepared a very detailed five-year plan."

Gardner continued: "We are going to develop the brand. I think it will appeal locally and also globally.

"That will enable us to drive up some further commercial income and, therefore, lead to an increase in funding for players.

"We want to reach out to the local community and make match-day at Home Park an essential part of the calendar.

"We also intend to have discussions with Plymouth City Council to see if we can develop Home Park into a centre of sporting excellence."

Gardner admitted Todd would have an important part to play in broadening the appeal of the Argyle brand.

He said: "With Keith's skills, we are going to use technology to widen our communication with the fanbase, both locally and globally."

For example, a social networking site – www.argyleinsider.com – which is independent of the club has been set up.

Gardner insisted it was too soon to say whether the new owners would give Sturrock more money to spend on players.

He said: "We need to have one or two discussions about the current squad – the mix, the content, and how we move forward from there.

"But it's our intention to increase the playing budget, more so as we increase commercial revenues."

Gardner is relishing his return to football, four years after leaving his role at Manchester United.

He also congratulated Stapleton on his successful eight-year tenure as the Pilgrims' chairman.

Gardner said: "I would like to thank Paul, who has provided really great leadership and delivered what I believe is unprecedented success.

"Not only that, it created a great platform for the future on which we can now build.

"I'm really delighted Paul is going to stay on and help us as vice-chairman and continue his involvement in the club.

"Now, anyone who knows me, or of me, will know of my passion for football.

"So nobody should be surprised when I say that I have been looking for a little while to get back into the game.

"I left Manchester United back in 2005 so it has been four years now. This has proved the opportunity that I have been looking for.

"It's attractive, not least because it gives me the chance to work again with Keith, a close friend and business colleague.

"We have worked together over a number of years very successfully, and I'm looking forward to doing that again."

Argyle's new owners are also keen to establish links with youth clubs and academies in Japan and the United States.

Discussions have already taken place with Don Sheppard, the president of a very successful Los Angeles-based football club and academy.

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47 Comments

  • Profile image for This is Cornwall

    by Dick, Planet Earth

    Saturday, July 04 2009, 2:11PM

    “It's great to see Sir Roy and Keith Todd get into this deal. After all the hot air about Shonan taking control, one might reasonably conclude that they ended up as nothing more than minority (38%) shareholders with people who know what they're doing, viz, the old board, Sir Roy, and Todd, really running the show. None of the remaining directors sold shares to Shonan -- only Phill Gill. The rest sold to Sir Roy and Todd. Might mean nothing, but seems interesting.

    Then Synan ends up on the Argyle board and Keith Todd praises him effusively, saying they "got on very, very well." But the headline is, "This isn't a Japanese takeover."

    Two "very's" before the "well" -- sounds like a lot of face saving going on here.

    On top of all this, the fact remains that this deal didn't bring a shilling into the club. So, the club needs to raise new capital. Owned 51% by some unknown, uncommunicative group from Tokyo with an unknown "American businessman" as its face, this may have been, well, rather challenging. But with the real expertise and track record -- former Man U Chairman! -- of Sir Roy, joined by respected businessman Todd, one can envision another round with the right kind of investors.

    COYG!”

  • Profile image for This is Cornwall

    by JOHN, LONDON

    Saturday, July 04 2009, 12:00PM

    “To all the fans who go on about supporting teams where you live, if your born in hawaii and love footabll who do they support,,, if you emigrate from Plymouth to OZ does it mean you can no longer support Plymouth, if you live in bristoal and move to liverpool does it mean you must change teams, no so get a life the lot of you, peopel support teams from all over the world and without foreign supportors buying teams shirts around the world, the football league would not be whay it is, if you support plymouth good luck, if you support man utd good luck, but dont harp on about glory hunters just because your a bunch of lossers...Green army my as...only thing true green comes out your nose. so support who you want and enjoy the passion for football, and dont look for reason to preach hatred amoungst fans, thats a cheap shot...”

  • Profile image for This is Cornwall

    by Mike Turnbull, Plymouth

    Saturday, July 04 2009, 8:49AM

    “George from London "all I want is some investment in the team" - where do you think the investment in the team will come from if we do not have the ability to generate more money - that is what the Premier Inn KFC or whatever is all about! You can not keep borrowing to invest in the team or you will go bust as many other clubs have. And by the way, investing in a team is not only done by paying big transfer fees, it can also be done by paying increased wages and if you bothered to look at the accounts Argyle did that under the previous board over many years.

    I look forward to seeing what the 5 year plan says and hope that the new board can up with ways of increasing income throughout the year and of enticing some of the casual fans back.”

  • Profile image for This is Cornwall

    by Rod, Brizzle

    Saturday, July 04 2009, 8:36AM

    “This is the best news since PS took over from MacAuley. Life moves on and I've never lost my belief in the potential fo the club, it just needs the right leadership and this looks like it to me.
    Re the lack of initial investment in the team it makes a lot of sense to me. They have left Sturrock in place, he has spent a lot of money in the last 18 months, much of which has been wasted, so would you give him more money to blow.

    My reading of this is they are thinking, "this is your team Sturrock, you have made the investments now lets see them preform. If they do you have a job if you don't you are out"

    They can then bring in a more capable manager and back him with the cash to bring in some quality players.

    Watch this space around the third week of September or maybe December if he gets lucky like he did last season.

    Hopefully the "Grand design" will paint a picture of the club that will attract players as well and show ambitiion.”

  • Profile image for This is Cornwall

    by Dave, Worcester

    Friday, July 03 2009, 10:56PM

    “Steve (Crowned One) Leicester - Ian optimist and whikst Leicester have experienced some highs in their recent history the only biggest thing that has happened in my lifetime is the semi final in 1984 - I was 5! Since then I have had the highs of promotion and the lows of relegation (making the trip to Burnley and back was a fantastic experience and the comment "at least we will be playing the scum next year" on the bus on the way home was the only bright spot of the 90's)! I havent felt this positive about the Greens ever! I think we have the potential to go places. Yes we need to get the local community involved; yes we need to strengthen the team; and yes it may take time. However success breeds success and a club of our stature will go from strength to strength and I believe we will put the south-west on the map for football. Lets all get behind the team and push on. I wise man once said "onwards and upwards"...I wonder what he is doing now!”

  • Profile image for This is Cornwall

    by George, London

    Friday, July 03 2009, 10:28PM

    “Well at last. Thank goodness.

    I promise all you Stapleton diehards that this is my final post. No doubt you'll be pleased at that.

    First of all I'm delighted that a couple of people have come on to the Board who know something about running organisations. They understand strategy, they know what building a brand is all about and I think they may just have an inkling about the needs and desires of customers (i.e. in football terms the punters who pay at the turnstiles) you know.. real Argyle fans.

    Secondly, I'm not surprised Stapleton was disappointed that the stadium wasn't rebuilt in his time. He could have made a lot more money if it had been completed before he simply had to sell more of his shares with his back against the wall. But I don't feel sorry for him - he could surely have held the Council to the commitment that Tudor Evans made to help Argyle on promotion to the Championship rather than buy the freehold of Home Park - a strategic blunder that I doubt Sir Roy would ever have made (and nor come to think of it would Jones and Warren)

    Thirdly, pleased as I am that power is shifting to people who seem competent, it's a worry that there doesn't apppear to be anything in the way of investment in the team - the very thing Argyle have been starved of with all the obsession for property development so eagerly embraced by the previous Board. Indeed I guess that Sturrock has been given a smaller budget than last year. So I wish him all the luck in the New World.

    As for the rest, time will tell. I'll be happy without an onsite Premier Inn, without an onsite MacDonalds or an onsite KFC and without an onsite hairdresser and nail clinic. All I want is some investment in the team.

    Nuff said. Over and out.”

  • Profile image for This is Cornwall

    by Graham, newton

    Friday, July 03 2009, 7:49PM

    “Its a very positive move for the club however I don't expect money to start flying around. Thats not really happened since Roman took over Chelsea. I remember QPR and Pompey being "the richest clubs in the world" but Pompey are in serious debt and QPR have gone backwards.”

  • Profile image for This is Cornwall

    by Ben, 19, from Plymouth, Near the Suez, HMS Ocean

    Friday, July 03 2009, 7:47PM

    “Steve from Bristol, you dont qualify to support Bristol, no one ever qualifies to change what team they support. And its funny that you choose to support City, why not Rovers? Is it because the latter is not as good as the other? And City have a better chance of Premier League football? Glory Supporter you are. I bleed green, OX40 ;)”

  • Profile image for This is Cornwall

    by Steve (The crowned one), LEICESTER

    Friday, July 03 2009, 1:58PM

    “On a serious one today... Takeovers are not always great to start with. All the other clubs see that you now have money and o when you try to buy new players they add an million or so on the buying price because they know you can afford it. Example, DJ Campbell, I believe cost us a rip off 2.5 mill.. Theres no way he would of been valued at that price if we hadnt just been taken over by Mandaric. I read someone say "cant wait for the players to leave and new ones to come in". The new players sometimes disrupt what you had to start with and you lose your way and then find yourself in League One... Its gonna take more than money and a takeover to get you into the premiership by 2012, Your first priority should be to fill your stadium on a regular bases before you start contemplating the Premiership. Not a dig, just reality.”

  • Profile image for This is Cornwall

    by Steve, Greece

    Friday, July 03 2009, 1:41PM

    “In Greek, the name Steven means- crowned one. Other origins for the name Steven include - Greek, English.The name Steven is most often used as a boy name or male name.”

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