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Meanwhile, back at Bournemouth…
Posted on March 18, 2010
Yet another winding-up petition from HMRC is reported as being about to hit the club (1). They are in arrears to the tune of £314,000, and had total debts earlier this month of £846,924 (2). Shockingly, this is actually an improvement on earlier debt levels, not a new low. Chairman Eddie Mitchell’s solution is to […]
Posted in Benefactors, Debts, Fans, HMRC, Insolvency | 12 Comments »
Bournemouth’s predicament
Posted on October 11, 2009
Bournemouth is a club which is, in the words of Ron Pickering, ‘really quite remarkable’ (1). Last season they manged a remarkable run, avoiding relegation in spite of starting with a 17 points penalty. Without that penalty, they would have been nudging the play-off positions. As I write, they are sitting at the top of […]
Posted in Benefactors, Debts, HMRC, Insolvency, Ownership | 10 Comments »
More on Bournemouth
Posted on July 15, 2009
Bournemouth have been under a transfer embargo from the Football League for a year. The reasons for this were stated on 11 July by Vice Chairman Jeff Mostyn (1) to be: the club’s debts to HMRC the club’s debts to other football clubs a ‘nominal’ debt to the Football League itself All of these arose […]
Posted in Debts, Governance, Insolvency, Wages | 1 Comment »
Deconstructing Peter Lorimer
Posted on May 15, 2012
Peter Lorimer’s thoughts on fans being on the boards of football clubs (1) were, at least as reported by the BBC, somewhat confusing and even confused. Certainly his assertion that he does not envisage a member of the Supporters Trust having a place on the Leeds United board is hardly a surprise given the way […]
Posted in Benefactors, Investors, Ownership, Trusts | 4 Comments »
Why I shall be especially grumpy this Saturday afternoon
Posted on April 3, 2012
“Football clubs ‘in poor financial health’” a headline on the BBC News website has just screamed (1). Apparently “many clubs are continuing to spend too much, principally on players’ wages, as they always have done”. What? Surely not? Well, OK, the said headline was in the Business section of the BBC website rather than their […]
Posted in Benefactors, Community, Debts, Financial doping, Governance, Insolvency, Ownership, Wages | 5 Comments »
The Tax Man cometh…
Posted on February 23, 2012
There can be no doubt that the abbreviation HMRC is one which has hit pretty well every football fan’s radar screen recently. There have been the two big Administrations at Portsmouth and Rangers. Bubbling away in the background is not only the issue of whether clubs’ use of Employment Benefit Trusts constitutes tax evasion (and […]
Posted in Debts, HMRC, Insolvency | 3 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 »
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 […]
Posted in | 1 Comment »
Round the lower levels Part 1
Posted on November 28, 2011
Plenty has been happening once you look down the football pyramid since I last gave a general overview. The continually flashing lights on my radar screen have of course been Plymouth Argyle and Wrexham, although, for entirely different reasons, I have resisted the very strong temptation to blog on these two clubs. In the case […]
Posted in Debts, Insolvency, Ownership, Stadium | 4 Comments »
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 »
Some stadium snippets
Posted on April 22, 2011
Mainly, but not exclusively, bad news from various clubs at various levels in the pyramid: Bradford City (L2; population 294,000; nearest higher Level club Leeds United 10 miles [city centre to city centre, not stadium to stadium]) Younger readers may be forgiven for not knowing that Bradford City was home to Premier League football, albeit […]
Posted in Stadium | 4 Comments »
Onward and upward at Portsmouth?
Posted on March 5, 2011
As Plymouth Argyle fans come to terms with their club being in Administration, they can look along the South coast to Portsmouth to see that things can get better. On Thursday UHY Hacker Young, Pompey’s Administrators announced “the completion of the Club’s Company Voluntary Arrangement and exit from Administration on 24 February 2011. On 10 […]
Posted in Debts, HMRC, Insolvency, Ownership | 3 Comments »
Lessons from South Africa
Posted on January 5, 2011
If you are still ‘feeling the hurt’ of England’s failed bid for the 2018 World Cup (and perhaps thinking London 2012 will be a roaring success), you may well be interested in the results of a survey made by the National Department of Tourism (NDT) and South African Tourism (SAT) on the impact of the 2010 […]
Posted in 2010, 2012, 2018, FIFA | 7 Comments »
JB’s awards for Season 2009/10
Posted on August 2, 2010
Yes, silly season again, at least, until the Glorious Seventh! SOAP STAR OF THE SEASON AWARD: Some noble efforts this year, but there was no-one in quite the same league as Portsmouth. As if four owners, Administration and HMRC challenging the CVA in court wasn’t enough, they managed to carry on ‘soaping’ over the summer […]
Posted in Uncategorized | 2 Comments »
Ups and Downs 1
Posted on April 7, 2010
Like virtually every football fan, there is really only one football result each week that matters to me personally – I have to know it almost as the whistle blows (thankfully possible in the age that we live in). The rest I could easily wait to read in the Sunday papers. With my particular perspective […]
Posted in Promotion, Pyramid movement, Relegation | 6 Comments »
