Football Management

Commentary on the management of over 160 English football clubs by Dr John Beech, winner of the FSF Writer of the Year Award 2009/10 Twitter: @JohnBeech Curator of Scoop.it! Football Finance

Yeltz in even deeper trouble?

Posted by John Beech on July 9, 2009

A week ago I commented on the apparently harsh action the FA was taking against Halesowen Town of the Southern League Premier Division (1).

Now, with echoes of recent events at Merthyr Tydfil (2), it is reported that the Supporters Trust is threatening to force the club into Administration as they understand debt levels are of the order of £250,000, a very worryingly high level for a club at this level (3). From published club accounts, debts had already risen from £7,684 in May 2007 to £69,376 in 2008 (4).

With the club under a transfer embargo and facing the second FA ban of the season if it does not pay its football creditors, and ‘owner’/manager Morrell Maison personally under a ban imposed by the FA, it is hard to imagine how things could be any worse.

Administration and then attempted rescue by the fledgling Yeltz Trust seem the only viable option.

Advertisements

One Response to “Yeltz in even deeper trouble?”

  1. John Beech said

    UPDATE: Latest news is that Halesowen Town have now been banned by the FA (1), although there is as yet no confirmation or comment on either the club or the trust website.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: