Search Results
Northwich Victoria: A cautionary tale
Posted on November 8, 2009
To apply the term ‘troubled’ to transfer-embargoed and ‘in Administration but without a CVA yet’ Northwich Victoria would be something of an understatement. Even today’s televised win against Charlton in the first round of the FA Cup (1) will do little to help their present predicament (see postings passim). Briefly in Football League Division 2 […]
Posted in Benefactors, Broadcasting rights, Debts, Football Association, Governance, HMRC, Insolvency, Ownership, Points deduction, Stadium | 1 Comment »
Round-up of Season 2011/12
Posted on September 8, 2012
The 2011/12 season has been characterised by long-running sagas. Normally I find myself in an annual review recounting a series of relatively self-contained accounts of the woes which have beset a number of clubs, but many of those listed below are far from resolved scenarios. The selection is not systematic – it consists of the […]
Posted in Benefactors, Debts, HMRC, Insolvency, Ownership, Resurrection, Trusts | Leave a Comment »
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 »
Portsmouth’s continuing purgatory
Posted on July 16, 2010
To no-one’s, I suspect, great surprise, HMRC has waited until the last minute to object to the proposed CVA (1, 2 , and 3). The grounds on which HMRC are appealing are twofold: (a) The interests of HMRC have been or will be unfairly prejudiced by the taking of that decision; and (b) There were […]
Posted in Debts, HMRC, Insolvency | 15 Comments »
Appendix E: Tough Love for Salisbury City?
Posted on May 23, 2010
This is the time of year that anorakies like me start to change our data files to reflect the promotions and relegations which are about to take place officially. If you think that is already a straightforward task, barring the odd play-off final, then you are forgetting what is happening in the Conference and lower […]
Posted in Debts, Football Association, Football Conference, Governance, HMRC | 4 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 »
Insolvency overview
Posted on November 15, 2009
Three weeks is a long time in football management – it was only on 25 October that I posted my last overview. Previous ‘overviews’ can be accessed by clicking on the ‘Overviews’ tag at the top of the page. With a number of clubs things have become clearer, but for many the confusion has just […]
Posted in Debts, Fit and Proper Person tests, HMRC, Insolvency, Ownership | 23 Comments »
Administrations review
Posted on October 25, 2009
With several court appearances due to consider various aspects of insolvency at different clubs, now seemed a good time to take a broad look at clubs that have been in trouble recently: Bournemouth Bournemouth has been well covered in postings passim. £150,000 is due to HMRC but the club’s bank account remains frozen. Eddie Mitchell […]
Posted in Debts, HMRC, Insolvency | 19 Comments »
Chester City drinking at last chance saloon
Posted on October 21, 2009
It was less than a fortnight ago that I was blogging on the Stephen Vaughan approach to management, and some of the odd theories he proposed on how to run a club (1). The Conference is now running out of patience with the way Chester City is being run. This afternoon they published this blunt […]
Posted in Debts, Fit and Proper Person tests, Football Association, Football Conference, Governance, Insolvency, Ownership | 4 Comments »
Supporters Trusts v. Benefactors
Posted on October 14, 2009
There is an interesting piece in today’s Guardian (1), welcome not least because it promotes the Supporters Direct Conference at the NEC this Friday. I’m attending and it would be great to meet up with any readers who are attending too (there’s a photo of me on the About tag for those who haven’t met […]
Posted in Governance, Insolvency, Ownership, Trusts | Leave a Comment »
Insolvency round-up
Posted on September 6, 2009
As the first Administration of the season has just happened, it’s worth a quick review of the clubs in trouble. So, in alphabetical order: Accrington Stanley Stanley seem to be operating in another world, a rose-tinted one which is somewhat divorced from the real one. Faced with dwindling gates, the collapse of their sponsor and […]
Posted in Debts, HMRC, Insolvency | 4 Comments »
Review of Season 2008/09
Posted on August 4, 2009
This was not one of the great season’s from a management perspective. It is best summed up by a (slightly misleading) headline from the BBC this very morning – English club finances worry UEFA. Their worries are to do specifically with the Premier League clubs; mine have extended way down the football pyramid for several […]
Posted in Uncategorized | Leave a Comment »
