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Self-destruction at Ashford Town (Kent)?
Posted on July 21, 2010
The announcement yesterday (1) by Chairman Don Crosbie that the club was to be placed into Administration might be interpreted as a case of too much dogma and too little karma. Already reported to be facing a winding-up petition from HMRC (2) and banned from football activity by the FA (3), he had earlier in […]
Posted in Benefactors, Debts, HMRC, Insolvency, Ownership, Stadium | 1 Comment »
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 »
HMRC Winding-Up Petitions
Posted on February 23, 2012
The following list is of the winding-up petitions presented by HM Revenue and Customs (HMRC) and its predecessors, the Internal Revenue (IR) who were responsible for the collection of direct taxation such as income tax (PAYE) and National Insurance contributions, and HM Customs and Excise (C&E) who were responsible for the collection of indirect taxation […]
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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 »
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 »
HMRC’s latest activity and other traumas
Posted on July 1, 2010
You keep off the internet for the best part of ten days, come home, and, bingo! HMRC have been at it again. First they’ve been revisiting some familiar league faces: Grays Athletic The club has been given a stay of execution of 98 (yes, that’s right, 98) days over the undisclosed debt to HMRC debt […]
Posted in Benefactors, Debts, HMRC, Insolvency | 12 Comments »
The fate of resurrectionist clubs
Posted on July 6, 2009
I’m not sure what it is that draws me to following the fate of resurrectionist clubs. Perhaps it’s just the curiosity of seeing whether the new club can make a better fist of it than its predecessor. Maybe it’s the delayed gratification of following their success or failure over a number of seasons. No matter […]
Posted in Resurrection | 7 Comments »
A movable famine, as it turned out
Posted on March 30, 2009
The third Thursday in March – the cut-off date for clubs going into Administration who look like they will be relegated but want to take this ten points deduction this season – has come and gone. With the financial increasing pressures on clubs, many observers had anticipated a flood of Administrations. These included Barry Hearn, […]
Posted in Insolvency | 1 Comment »
