Plymouth Albion avoid going into administration

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Plymouth Albion today announced that as a result of the success of their fund raising appeal the club will not be entering administration.

Over £250,000 has been pledged from Friends of Plymouth Albion with sufficient funds already available in the bank to meet immediate requirements.

Further funds are still needed and are being sought but this is a major step forward as we continue to build a resource for next season.

There will be a meeting with Shareholders next Thursday 5th February where plans for the long term future, including the restructuring of the Board, will be presented.

Graham Dawe, who has been assisting recently, is appointed a Director of Rugby and will have full control of all rugby matters. He will work with James Shanahan, the coaches and the players to try and keep Albion in the Championship.

Also Peter Vosper and Roger Harris will join the board immediately to assist in the interim, and make recommendations to the Shareholders at the meeting next Thursday.

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Tagged Championship, Plymouth Albion