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Birmingham Post
Birmingham Post
Business
Hannah Baker

Plymouth Argyle secures £4m from US group of investors

Argyle Plymouth Argyle United States Plymouth League One Victor Hedman Florida

A group of US investors has paid £4m for a 20% stake in League One club Plymouth Argyle. The deal will see US real estate chief Michael Mincberg join the side's board of directors.

The cash will be used to improve facilities at the club and for future projects.

The deal comes after nearly a year of discussions between club chair and majority owner Simon Hallett and Mr Mincberg, founder and president of Florida-based Sight Development, and his brother David Mincberg, a US-based sports lawyer. The duo took part in talks on behalf of the investors.

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