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Argyle have a sustainable business model

Unlike some other clubs, Plymouth are debt free, with over £6 million in the bank, and have a sustainable business model. Great to hear they are planning a fan forum to explain the numbers too. A model approach that others should follow states Kieran Maguire of the PriceofFootball.

Revenue was down 19% in 2020/21, mainly due to the season taking place behind closed doors. The main hit was in terms of matchday (down 68%) but broadcast was up and academy/merchandise/commercial was solid.

Main costs are wages, Argyle's hardly changed during the year although went up from 69% to 85% of income due to Covid.

Plymouth's underlying loss increased to £3.7m, but the club was smart enough to have business interruption insurance which paid out £2.5m due to Covid, as well as receiving a £1.1m grant from the Premier League. Furlough income was £310k.

Plymouth player trading was modest, with £210k spent on recruitment, decent by division standards, and sales of £78k.

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