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Trouble at Rossendale United and Rothwell Town
Posted on March 1, 2011
Those who are ‘fleet of ear’ will have picked up on Sunday’s 5 Live Investigates that Rossendale United and Rothwell Town (and, to pick up on Kevin Rye’s well-placed pass, not Runcorn Linnets!) have serious cause for concern. Clubs in crisis as you go further down the pyramid tend to be less well reported. These two […]
Posted in Benefactors, Cashflow, Debts, Financial doping, Ownership | 3 Comments »
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 »
That feeling of déjà vu at Pompey, all over again
Posted on February 17, 2012
Portsmouth’s return to Administration today (1) for the second time in a smidgen under two years speaks volumes, especially coming in the week that Rangers, a rather more iconic club, suffered the ignominy of Administration too (2). High profile those these events are, the phenomenon of financial problems is not confined to te top clubs. […]
Posted in Benefactors, Ethics, Financial doping, Fit and Proper Person tests, Globetrotterisation, Governance, History, Insolvency, Ownership | 4 Comments »
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 »
2011 – The Year in Insolvency Events
Posted on December 31, 2011
Below is a round-up of the insolvency events I have logged during 2011. The definition of insolvency event is a debatable one, and I prefer a descriptive rather than prescriptive one. Broadly I would define an insolvency event as one which reflects a discontinuity in the operation of the ‘club as company’ caused by insufficient […]
Posted in Insolvency | 3 Comments »
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 »
The continuing Kettering saga
Posted on May 30, 2010
The descent of Grays Athletic must have struck a worrying chord with Kettering fans. Back in January I blogged on their tribulations (under Kettering Town and the Enigmatic Imraan Ladack) in finding somewhere to play as the lease on their stadium comes to a conclusion, and will not be renewed. He had at that point […]
Posted in Assets, Benefactors, Ownership, Stadium | 2 Comments »
