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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 »
Deconstructing Peter Lorimer
Posted on May 15, 2012
Peter Lorimer’s thoughts on fans being on the boards of football clubs (1) were, at least as reported by the BBC, somewhat confusing and even confused. Certainly his assertion that he does not envisage a member of the Supporters Trust having a place on the Leeds United board is hardly a surprise given the way […]
Posted in Benefactors, Investors, Ownership, Trusts | 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 […]
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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 »
Round the lower levels Part 1
Posted on November 28, 2011
Plenty has been happening once you look down the football pyramid since I last gave a general overview. The continually flashing lights on my radar screen have of course been Plymouth Argyle and Wrexham, although, for entirely different reasons, I have resisted the very strong temptation to blog on these two clubs. In the case […]
Posted in Debts, Insolvency, Ownership, Stadium | 4 Comments »
Round-up of insolvency events 2010/11
Posted on August 27, 2011
Things looked slightly better than in the previous season in simple terms of the number of insolvency events I have logged – ten events involving nine clubs, compared to twelve events each at a different club in the previous season – although there were still some large clubs involved. In 2009/10 we had seen Crystal […]
Posted in Insolvency, Ownership, Resurrection | Leave a Comment »
Club round-up
Posted on July 29, 2010
A variety of snippets of insolvency and related news. Readers unfamiliar with events at particular clubs should use the Quick Club Links in the left side bar for postings passim. Ashford Town (Kent) Today’s the day of the Administration hearing (1) and a resolution (?) of the confrontation between Don Crosbie and Tony Betteridge, co-owners […]
Posted in Debts, HMRC, Insolvency | 7 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 »
Another HMRC winding-up order
Posted on July 8, 2009
This time it’s Rushden & Diamonds (1), for an as yet unspecified sum. The club blames massive overheads on their stadium, sponsors not meeting their commitments, and little interest accruing out of capital invested. Hmmm. The club’s stadium at Nene Park in Irthlingborough was opened in 1969 and comprised Irthlingborough Diamond’s ‘dowry’ at their ‘marriage’ […]
Posted in Benefactors, Debts, Insolvency, Ownership, Revenues, Stadium, Trusts | 1 Comment »
LINKS
Posted on April 17, 2009
Sites covering broadly the same topics: Andersred Blog because football’s a Results Based Business Changing Scottish Football A blog from Supporters Direct Scotland, so much the same topics except in Scottish football futebolfinance English version of Portugal-based website Pitch Invasion Responsiball “Football clubs are more than just businesses; they are cultural institutions.“ Scaryfootball/finances Soccernomics The […]
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