Posted by John Beech on December 9, 2009
There are some updates on a number of clubs:
A fresh attempt is to be made by Jeff Mostyn to have the transfer embargo lifted (1). Debts to football creditors and HMRC have now been settled; what remains is described as ‘legacy debt’. I’m not convinced that this a distinction which will cut much ice with the League. As Eddie Mitchell himself said back in August “the League’s position is there to make sure all the teams are competing on a level playing field and that they are unable to relax the Embargo until such time we have honoured all our outstanding creditors” (2).
- King’s Lynn
Odd goings on in the week left for an appeal against winding-up by HMRC.
Chairman Ken Bobbins is blaming the FA for scuppering a would-be rescue bid on the grounds that the new owner wanted to trade as a sole trader rather than as a member club or a limited company (3). Quite why this should put off the prospective he does not reveal – it sounds Bobbins bobbins to me. If it’s a question of control, the limited company format can allow control through a board of sleeping directors, as at least one club very much in the news recently can testify to.
Short of a miracle, the club’s winding up will be confirmed today. Long live AFC King’s Lynn say I!
[A miracle didn’t happen, and the club was indeed wound up shortly after my original posting -see BBC report]
In the frantic scramble to save the club from oblivion, it would seem that George Rolls was unable to complete full due diligence. A further £35,000 of debt has subsequently emerged – from two months of unopened mail (4)!
Better news is that a shirt sponsor has been secured, but overall things are still looking very worrying. The debt level of £700,000 is apparently still rising. Alan Lewer’s claim for unfair dismissal has been adjourned, but the club may yet face another large debt from it.
- Worcester City
Notwithstanding the assurance that Chairman Anthony Hampson would place a petition calling for the removal of Dave Boddy from the board, nothing appears to have happened in this respect.
Meanwhile, the Nunnery Way obsession continues unabated, although slightly modified (5). St Modwen (see postings passim), the developer involved, ‘remain committed’ to a scaled down version of the development.
Foreclosure by the Royal Bank of Scotland (prop. mainly you and me) on the club’s debt of £1.55m has been put back to early February to allow the revised plans to be considered by the local planning department (6)