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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 »
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 […]
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A forgotten cost
Posted on July 9, 2009
When a club goes into Administration and an Administrator is appointed, that Administrator has to recover his own costs from what monies he can raise from the club’s assets. Administrators do not come cheap. Begbies Traynor are very much the stars of the football insolvency business – very much Champions League material in this particular […]
Posted in Costs, Insolvency | 3 Comments »
