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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 […]
Posted in | 1 Comment »
JB’s Awards for 2008/09
Posted on August 4, 2009
Well, this is what they call the silly season… SOAP STAR OF THE SEASON AWARD: Although there was a lot of competition for this one, with Northwich Victoria, Farsley Celtic and Halesowen Town all putting in strong bids, they just couldn’t match the story line of the eventual winner, Bournemouth, with constant issues over selling […]
Posted in Uncategorized | 1 Comment »
Administration ain’t easy
Posted on June 25, 2009
I have long argued that the option of going into Administration is a far from easy option, and that further punishment by football’s governing bodies not only constitutes ‘second punishment’ but is dysfunctional in that it punishes the club rather than the directors who caused the financial problems, and adds to the likelihood of further […]
Posted in Governance, Insolvency | Leave a Comment »
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 »
Liverpool and the Auditors
Posted on June 11, 2009
KPMG, the auditors of Liverpool, have warned of a “material uncertainty which may cast significant doubt upon the group’s ability to continue as a going concern” (1). So, what does the qualification of a company’s accounts by its auditors imply? With a conventional business it would certainly be a cause for concern, and an indicator […]
Posted in Debts | Leave a Comment »
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 »
Bulls’ Chairman talks bullish
Posted on May 5, 2009
Perhaps there is some mileage in a TV series called ‘Chairmen say the Funniest Things!’. The first programme might feature Hereford United’s Graham Turner. Talking to BBC Hereford and Worcester, he is reported today as condemning ‘the ruling that has allowed Stockport County to stay in League One, despite going into administration’. He is quoted […]
Posted in Insolvency | 15 Comments »
