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Thursday, 2nd July 2009
In Sports,

Japanese consortium takes over Plymouth Argyle

A consortium led by a Japanese businessman has secured a deal for a majority interest in the Championship football club Plymouth Argyle.

Yasuaki Kagami becomes the club's majority shareholder after his company, the Tokyo-based Shonan Management Corporation, took control of the team in which it first invested in April 2008.

Among the ambitious plans outlined for the Pilgrims under its new owner is the expansion of the Home Park stadium to seat 25,000, as well as the establishment of links with clubs and academies in Japan and the USA.

The new management also assured fans that manager Paul Sturrock will continue to lead the team as they move towards their objective of attaining Premier League football for Argyle within the next five years.

Last week, the Japanese-owned French Ligue 1 side Grenoble confirmed the signing of Japan midfielder Daisuke Matsui from St Etienne on a three-year deal, where he will link up with international team mate Sho Ito.

Written by Mark Smith