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

Stockport County protest

Posted by John Beech on December 16, 2009

Back in July I blogged on A Forgotten Cost – the cost of having an Administrator, which either have to be added to a club’s debts or paid by a new owner. In particular I noted that football was providing an inordinate amount of business to insolvency practitioners, and that Begbies Traynor had just reported a major jump in profits.

In an unusual and welcome display of fan politicisation, a protest march is planned by Stockport County fans regarding what they see as the high level of charges being made by Administrators Leonard Curtis (1). Davis Schofield, co-organiser of the protest, thinks “the £300 an hour Leonard Curtis is charging is unfairly expensive“. At Southampton, Begbies Traynor were charging “around £340 an hour” earlier this year (2).  Fair or unfair, the Leonard Curtis charge appears to be around the going rate – Administration is a decidedly expensive state to be in.

Advertisements

3 Responses to “Stockport County protest”

  1. John Beech said

    UPDATE

    The protest has had a positive outcome in that the Administrators have agreed to meet the organisers of the march (1). A target date for a sale to the Jim Melrose consortium has been set at ‘mid-January’.

  2. John Beech said

    UPDATE

    There is more press coverage of the march here, including input from PFA Chairman Gordon Taylor.

  3. John Beech said

    LATEST

    It’s being reported that the Melrose consortium and the Administrator have concluded a deal (1). The deal is still subject to Football League approval however.

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: