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Brighton
Posted on June 1, 2009
It’s difficult not to feel sympathetic towards the lot of Brighton fans. The start of the eighties had seen them in the top flight, and, in 1983, FA Cup runners-up. By 1987 they were facing life in the old Division 3. They made it back to Division 2 at the end of the season, but […]
Posted in Benefactors, Debts | 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 »
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 »
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 »
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 »
The trouble with new stadiums 4 (and final)
Posted on August 10, 2010
[See also The trouble with new stadiums 1, which looked at the argument that "We’re a club with ambition and we need more seats to reflect that ambition", The trouble with new stadiums 2, which looked at the argument that "We’ve got the wrong sort of stadium. We need one better suited to maximising our […]
Posted in Assets, Costs, Debts, Stadium | 13 Comments »
Are we going stark stadium bonkers?
Posted on April 2, 2010
How often have clubs fallen into the ‘cargo cult’ trap of believing that a new stadium with a greater capacity is the answer to their financial problems, only to find that it has increased their financial problems and has somehow failed to deliver as ‘fan bait’? Think Darlington as the most obvious example. Think Coventry […]
Posted in 2018, Debts, Stadium | 10 Comments »
Weymouth’s woes
Posted on August 31, 2009
The South Coast does not seem to be a successful part of the country when it comes to professional football. Think Brighton, Portsmouth, Southampton, Bournemouth… and Weymouth. Promotion to the Conference South and then the Conference, and playing in a relatively new stadium, seemed to herald a new era, and this was evidenced by strong […]
Posted in Debts, Insolvency, Organisational culture | Leave a Comment »
Fisher Athletic and the Brothers Muduroglu
Posted on May 13, 2009
Brothers and football club ownership have, for reasons I readily admit that I cannot fathom, had a poor track record in English football. In the early eighties the publicity-shy Bhatti brothers led recent FA Cup semi-finalists and League Cup winners Wolves from the old Division 1 to Division 4 with three consecutive relegations, not to […]
Posted in Assets, Insolvency, Ownership, Stadium | 1 Comment »
Darlington and Stockport County
Posted on May 7, 2009
The lot of an Administrator is not one I envy. The primary responsibility of an Administrator is to the company’s debtors, with a proviso that that he/she should try to maintain the company as a going concern, which would normally mean its sale. In other words, the stakeholders whose interests are being protected are primarily […]
Posted in Insolvency | 1 Comment »
