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HMRC v. Sheffield Wednesday
Posted on July 24, 2010
Sheffield Wednesday are the latest club to face a winding-up petition from HMRC (1), over a PAYE debt of £550,000. But Sheffield Wednesday is not your average club. A founder member of the Premier League, its playing performance has been somewhat variable since. Relegated in 2000, it faced a further drop to League 1 in […]
Posted in 2018, Debts, HMRC, Pyramid movement, Stadium, Trusts | 2 Comments »
HMRC Winding-Up Petitions
Posted on February 23, 2012
The following list is of the winding-up petitions presented by HM Revenue and Customs (HMRC) and its predecessors, the Internal Revenue (IR) who were responsible for the collection of direct taxation such as income tax (PAYE) and National Insurance contributions, and HM Customs and Excise (C&E) who were responsible for the collection of indirect taxation […]
Posted in | 1 Comment »
The Magic of Football – still there in the Cups?
Posted on January 27, 2012
It’s increasingly difficult to see any magic in the beautiful game other than black magic, especially when you look at it from a financial perspective. You only need to think of the narrow escapes at Plymouth and Wrexham recently, and both Portsmouth and Darlington are standing on the edge of the precipice. The Cups may […]
Posted in Community, Fans | Leave a Comment »
The ins and outs of the transfer window
Posted on September 3, 2011
So, the transfer window finally slammed shut, to use the mandatory cliché, amid the predictable hype. In one respect this was hardly surprising – of the 289 August deals reported by the BBC (1), no fewer than 93, or 32%, had taken place on the final day. In total 141 (49%) had taken place in […]
Posted in Costs, Globetrotterisation, Premier League, Transfers, Uncategorized | Leave a Comment »
The Big 1, 2, 3 or is it still 4? Or more?
Posted on June 9, 2011
Currently I’m working on a joint research project on various European football leagues with colleagues in Austria. One set of data which we have produced so far casts some light on this perenial debate. The latest version of the date centres of course on whether Liverpool ‘have fallen out of the Top 4′, and/or whether […]
Posted in Governance, History, Premier League, Pyramid movement | 3 Comments »
HMRC’s Christmas party
Posted on December 20, 2010
I’m guessing that there will be dancing in the corridors at HMRC’s office party this Christmas. They’ve had a good run in the courts over the last month against various football clubs. So far this run has not included a single outcome of the club going into Administration (the last case was Dundee in October; […]
Posted in Debts, HMRC, Insolvency, Stadium | 4 Comments »
Jack Frost and the threat to club finances
Posted on December 9, 2010
Last Saturday’s football programme was considerably more than decimated (1, and then follow the ‘see also’ too), at least to a language purist. Although the Premier League and Championship programmes were largely maintained, very little football was played lower in the pyramid. The impact of this financially should not be underestimated. Even though games will […]
Posted in Cashflow, Debts, HMRC | 6 Comments »
Liverpool and Manchester United
Posted on October 14, 2010
I’ve been abroad for work and then taken a couple of days leave – the net result is a week of only occasional internet contact. A week is a long time in football it would seem. All my standard searches to keep up with football management affairs have resulted in a total overkill on the […]
Posted in Costs, Debts, Investors, Ownership, Revenues | 5 Comments »
HMRC in court today
Posted on September 8, 2010
The battle continues, with two clubs due to face winding-up petitions: Ilkeston Town Ilkeston Town have been wound-up (1) over a tax debt of £50,000. The club had argued that it could make a payment of £20,000 shortly as the result of the sale of a player and offered to clear the outstanding debt at […]
Posted in Benefactors, Debts, HMRC, Insolvency, Ownership | 3 Comments »
In the High Court today
Posted on August 11, 2010
Surely a sign of the times – three League clubs faced winding-up petitions in the High Court today: Cardiff City The HMRC petition was dismissed – the club has paid the debt of £1.3m (1). Court papers suggest that the club has had to borrow money to pay its summer debts (2). Sheffield Wednesday A […]
Posted in Debts, HMRC, Insolvency | 3 Comments »
Club round-up
Posted on July 29, 2010
A variety of snippets of insolvency and related news. Readers unfamiliar with events at particular clubs should use the Quick Club Links in the left side bar for postings passim. Ashford Town (Kent) Today’s the day of the Administration hearing (1) and a resolution (?) of the confrontation between Don Crosbie and Tony Betteridge, co-owners […]
Posted in Debts, HMRC, Insolvency | 7 Comments »
World Cup 2010
Posted on June 16, 2010
As regular readers may have spotted, I have so far restrained myself from blogging on this event. This is not because it hasn’t caught my attention – well, the Maicon goal will certainly be up with the all-time great goals, but otherwise it hasn’t lived up to expectations; plenty of time yet though. Those expectations […]
Posted in 2010 | 1 Comment »
Meanwhile, beyond Fratton Park…
Posted on March 7, 2010
… and whichever City bar (that’s ‘City’ as in ‘City of London’) that the Red Knights hang out in, there’s plenty happening, or not happening, worthy of comment. Cardiff City and Southend United are both due back in court against an increasingly confrontational HMRC. Spinmeister Peter Ridsdale has gone unusually quiet – how he survived […]
Posted in Benefactors, Debts, Ethics, HMRC, Ownership, Stadium, Trusts | 8 Comments »
Italy’s new ‘Premier League’
Posted on August 27, 2009
The BBC has reported under the headline Serie A to form breakaway league that “Serie A is set to copy the formation of England’s Premier League“, to be known as Lega Calcio Serie A (1). Before looking at a rather important detail that the BBC omits, it is worth looking at whether the formation of […]
Posted in Broadcasting rights, Governance | 5 Comments »
