1974–75, but they were back down again in 1976–77. Since then, the team has wavered between the 2nd and 3rd tiers, before being double relegated in 2010–11. That was directly due to the club having been declared insolvent, following which they were deducted the 10 points they needed for survival. The club returned to the 3rd tier after finishing second in 2016–17. On 14 August 2018, it was announced that shareholder Simon Hallett had purchased part of James Brent's stake in the club, and had become the new majority shareholder and owner, and that former director, David Felwick, would return to the club as chairman when Brent stepped down on 31 October 2018. However, on 10 October 2018, it was reported that David Felwick was unable to take over as chairman, citing personal reasons, so on 1 November 2018, Hallett became both majority owner and chair of Plymouth Argyle. Stadium The original ground of the professional club at Home Park was destroyed by German bombers during the Blitz on Plymouth in World War II. Having been rebuilt after the war, Home Park was largely demolished as part of an extensive process of renovation, and the first phase of a new stadium built by Barrs plc was completed in May 2002. The new Devonport End was opened for the 2001 Boxing Day fixture with Torquay United. The other end, the Barn Park End, opened on the same day. The Lyndhurst stand reopened on 26 January 2002 for the game against Oxford United. Plans are currently under discussion regarding the completion of the refurbishment of the ground with the replacement of the Mayflower stand. The ground is situated in Central Park, very near to the residential area of Peverell. Towards the end of the 2005–06 Championship season, the club decided to buy the stadium for £2.7 million from Plymouth City Council, releasing the ground from a 125-year lease. This purchase was concluded in December 2006. In the summer of 2007, the club, having failed to persuade the UK authorities of the case for retaining a standing terrace, decided to add 3,500 temporary seats to the Mayflower enclosure, dropping the capacity to 19,888 from 20,922. In December 2009 it was announced that the stadium was to be one of 12 chosen to host matches during the World Cup 2018, should England's bid be successful. The then Argyle chairman Paul Stapleton stated that work