After losing their sixth league game out of seven following their 1-0 defeat at Yeovil Town on Tuesday night, Plymouth Argyle have been promised by Japan based Director George Synan that a cash injection that will help the Pilgrims to stay afloat will arrive on Monday.
With Peter Reid now admitting that his side are facing a relegation dogfight, the funds will be a welcome to Argyle as it would help to lift the transfer embargo that the club have been under since before the turn of the year.
In a bid to settle their tax bill with the Inland Revenue, the Pilgrims sold Craig Noone, Reda Johnson, George Donnelly and Bradley Wright-Phillips in the January transfer window to settle a winding up petition brought by Her Majesty's Revenue and Customs, which is expected to be dismissed on February 9th 2011.
The club's football consultant Peter Ridsdale had been threatening to leave Home Park had the money from Japan not been forthcoming.
As well as staving off the threat of Administration and the ten point deduction that would come with it, the injection of funds would also enable Peter Reid to make a number of loan signings to strengthen his squad.