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Crawley Town and Farnborough in court today
Posted on March 17, 2010
Court appearances over debts are becoming a bit of a regular Wednesday activity, and it’s a pleasant change to report some positive news. First up this morning were Crawley Town over an unspecified debt to HMRC – case dismissed; the debt had been settled (1). In fact, at the previous hearing when the club had […]
Posted in Debts, HMRC, Insolvency | 5 Comments »
Why I shall be especially grumpy this Saturday afternoon
Posted on April 3, 2012
“Football clubs ‘in poor financial health’” a headline on the BBC News website has just screamed (1). Apparently “many clubs are continuing to spend too much, principally on players’ wages, as they always have done”. What? Surely not? Well, OK, the said headline was in the Business section of the BBC website rather than their […]
Posted in Benefactors, Community, Debts, Financial doping, Governance, Insolvency, Ownership, Wages | 5 Comments »
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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Some stadium snippets
Posted on April 22, 2011
Mainly, but not exclusively, bad news from various clubs at various levels in the pyramid: Bradford City (L2; population 294,000; nearest higher Level club Leeds United 10 miles [city centre to city centre, not stadium to stadium]) Younger readers may be forgiven for not knowing that Bradford City was home to Premier League football, albeit […]
Posted in Stadium | 4 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 »
OVERVIEWS
Posted on November 6, 2009
Among postings are my thoughts summarised in bullet points on what’s wrong with the management of English clubs; how to keep a club financially healthy. The postings on the blog include occasional summaries of those clubs which are currently in crisis.These can be accessed from the links below, which show the most recent posting first. […]
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A forgotten cost
Posted on July 9, 2009
When a club goes into Administration and an Administrator is appointed, that Administrator has to recover his own costs from what monies he can raise from the club’s assets. Administrators do not come cheap. Begbies Traynor are very much the stars of the football insolvency business – very much Champions League material in this particular […]
Posted in Costs, Insolvency | 3 Comments »
