Media February 2011

Devon Club Wants Kagami Cash

A director who owns a controlling stake in English League One strugglers Plymouth Argyle is under fire from fans after a dismal campaign, financial woes and for rarely visiting the club or speaking to the media, the BBC reported on 15 January.

Yasuaki Kagami, chief executive officer of investors K&K Shonan Management Corporation, an arm of food distributors Maruka Corporation, upped his stake to 38% in 2009.

The club recently paid taxes of £760,000 after selling players, but talk has died of a £50m stadium upgrade, Japanese stars, Premier League football, World Cup 2018 matches, and introducing the delights of Devon to Japan. Kagami was told in late 2010 that he must put in £2m to get Argyle to the summer, but the first of four payments, due in December, did not arrive.