Plymouth Argyle Chair James Brent To Step Down After Seven Years

League One side Plymouth Argyle Chair James Brent will step down from the role, according to Brent Pilnick of the BBC. He will remain a director when his time as chair ends on Oct. 31, "exactly seven years since he took over the club" when it was in administration in March '11. Former director and ex-League Championship side Reading Managing Dir David Felwick returned to the club's board and will become Argyle's new chair. U.S.-based Dir Simon Hallett bought shares from Brent to take over as the club's majority shareholder. As part of the deal, the Pilgrims will also enter a conditional contract to buy land adjacent to Home Park which is "not needed for a planned new ice arena." Hallett, who has invested another £3.25M ($4.1M) in Argyle to "cover increased costs" to rebuild the Mayflower Stand, now owns 64% of the club, while Brent retains a 30% stake (BBC, 8/14).