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Round-up of Season 2011/12
Posted on September 8, 2012
The 2011/12 season has been characterised by long-running sagas. Normally I find myself in an annual review recounting a series of relatively self-contained accounts of the woes which have beset a number of clubs, but many of those listed below are far from resolved scenarios. The selection is not systematic – it consists of the […]
Posted in Benefactors, Debts, HMRC, Insolvency, Ownership, Resurrection, Trusts | Leave a Comment »
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 […]
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No. of Clubs
Posted on February 13, 2012
I’m sometimes asked for a magic number – the number of top clubs which have gone into Administration. It’s difficult give a simple answer because: Administration is a misleading basis for counting. Clubs can be wound up without ever going into Administration. A better measure is ‘insolvency event’, a term which can however be defined […]
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Should Steven Vaughan be worried?
Posted on November 18, 2009
Well, obviously he should about the future of Chester City, but I was thinking rather more of the implications of his signing an undertaking banning him from acting as a company director until the year 2020 (1). The specific implication is that “may no longer act as either an active or inactive director, or exercise […]
Posted in Fit and Proper Person tests, Football Association, Football Conference, Governance, Ownership | 2 Comments »
Developments at Chester City
Posted on June 18, 2009
The latest developments at Chester City seem to have attracted surprisingly little comment, let alone criticism. Regular readers will recall that Chairman Stephen Vaughan took the club into Voluntary Administration a month ago (1). Former player David Jones got as far as requesting due diligence with the Administrator, but did not reach a deal to […]
Posted in Debts, Insolvency, Ownership, Points deduction | 5 Comments »
Just how many more?
Posted on June 2, 2009
Anyone who knows me will confirm that I am not by nature a pessimist – a cynic maybe, but not a pessimist. Reviewing my data on insolvency events offers little to encourage any optimism however. I have to date logged 107 insolvency events involving 88 clubs since 1982. 10 have been this season; 8 have […]
Posted in Benefactors, Debts, Insolvency, Ownership, Stadium | 2 Comments »
Chester City
Posted on May 19, 2009
The news that Chester City have placed themselves voluntarily in Administration adds yet another chapter to almost two decades of turmoil (1). Back in 1990 the club had to move temporarily to Macclesfield’s ground (resulting in a round trip of 75 miles for local supporters to attend a ‘home’ game) while awaiting the completion of […]
Posted in Benefactors, Ownership | 5 Comments »
