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Argyle losses top £10m

Plymouth Argyle are set to have operating losses of £10.6 million this season, chief executive officer Paul Berne revealed at a Fans' Forum at Home Park on Thursday night.

Turnover is expected to be £18.5m, with a loss before player trading of £11.2m, Berne told an audience of supporters in Club Argyle. Player trading of £600,000 will slightly reduce that deficit to £10.6m.

Argyle's football budget this season has been £10m, which is £4m more than when the club were last in League One in 2022/23. That has placed them seventh in the division.

Berne said: "We are striking a similar budget for next year, which we expect to be similarly competitive. We are planning to retain all contracted players, and round out the squad with the seven or eight contracts coming to an end which are currently under review."

Over the last 12 months, the club has needed £20m to cover losses, and to cover Foulston Park developments, and other capital.

Berne said: 'We took the decision to reinvest transfer proceeds from 2025/26 into the club, and this has been significantly supplemented by injection from shareholders, mostly Simon (Hallett, Argyle's owner and chairman)."

The funding income of £20.4m was £15.3m shareholder injection (mainly Hallett), £4.7m transfer income and £400,000 of 'other movements'

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