THE EFL have begun the initial approval process over a potential new investor for Plymouth Argyle, the club's owner and chairman Simon Hallett has revealed.
Hallett told a Plymouth Argyle Cornish Supporters' Association fans' forum in St Dennis on Monday night that he was 'on the verge of being able to come public with something'. The United States-based businessman has been searching for someone to put additional funds into the Championship club since the summer of 2023.
The process has not been an easy one, but Hallett seems optimistic the hunt could be drawing to a conclusion and he declared it would take the club's playing budget from the bottom two or three in the Championship to just below halfway.
"We have been disappointed in how long it has taken to find a new investor. I have been thinking this for about eight months, but I think we are on the verge of being able to come public with something.
"We have actually got the EFL already beginning the initial approval process. The progress has been slow and every time I think we are close, you get a little bit closer but you don't quite get there.
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