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Update on Cheltenham Town
Posted on April 29, 2009
On April 3 I commented on the financial woes of Cheltenham Town, and how their request for a loan of £100,000 from the local council had become bogged down in problems of conflict of interest (1). Things are looking a shade brighter for the club financially (if rather less so on the pitch – they […]
Posted in Assets, Revenues, Stadium | Leave a Comment »
Councils & Clubs – Southampton, Darlington, Cheltenham Town and Bury
Posted on April 3, 2009
Historically the link between councils and football clubs has been the ownership of stadiums. Today in the Premier League only Hull City and Newcastle United retain this link, yet another indicator of the post-commercialised game. But are new links emerging? As the precarious future of Southampton is picked over, the Daily Echo reports that the […]
Posted in Community, Insolvency | 1 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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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 »
Round the Lower Levels Part 2
Posted on December 21, 2011
At last, Part 2 of my overview of what is happening from a broad financial perspective. Part 1 ran alphabetically up to Prescot Cables, and is available here. With a slight jump backwards, we pick it up with: Port Vale An interesting case of ‘fan ownership’. Valiant 2001 bought the club from the Administrators in […]
Posted in Benefactors, Debts, HMRC, Insolvency, Ownership, Stadium | 1 Comment »
Close shave for Forest Green
Posted on March 29, 2010
According to a statement on their club website (1) “Forest Green Rovers Football Club Limited has reached an agreement with the Inland Revenue [sic] over an historic tax liability amounting to £45k“. On 8th March the club issued a statement indicating that a financial crisis was imminent (2). It warned “Everyone needs to recognise that […]
Posted in Benefactors, HMRC, Insolvency, Ownership, Stadium, Trusts | Leave a Comment »
Football’s postcode lottery
Posted on April 9, 2009
Port Vale have had their share of problems of late. They were facing ‘huge losses’ (1) and this a club that had gone into Administration in 2002. Two recent pieces of news will have brought some relief though – first, the club’s shirt sponsor, Harlequin Property, are reported as “set to invest £500,000 in Valiants” […]
Posted in Community | 2 Comments »
A movable famine, as it turned out
Posted on March 30, 2009
The third Thursday in March – the cut-off date for clubs going into Administration who look like they will be relegated but want to take this ten points deduction this season – has come and gone. With the financial increasing pressures on clubs, many observers had anticipated a flood of Administrations. These included Barry Hearn, […]
Posted in Insolvency | 1 Comment »
