Home Park purchase plan approved
The plan for Plymouth City Council to buy the troubled Plymouth Argyle football club stadium, Home Park, has been approved by the council part of a new package to save the club.
The proposed plan will see the council pay £1.6m for the land and the stadium and lease it back to the club for £135,000 a year.
If the deal were to go through, the council would grant the owners a 30-year lease and link the resent to the Consumer Price Index. If the club were to move up to the Championship League, the rent will be increased by 150% and 300% if it reached the Premiership.
This is just part of the commercial rescue package proposed by the new owners.