According to this Bolton, Macclesfield and Ebbsfleet are all facing winding up orders in court tomorrow. https://www.justice.gov.uk/courts/co...ies-winding-up The Bolton situation is pretty desperate but are we in danger of loosing any of the three?
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I know this won't win me any friends for saying this, but a lot of football clubs deserve to go out of business. I had always assumed that football clubs debts were to other clubs for transfer fees etc. Yet when you look underneath it, they owe the St Johns Ambulance, bakeries, butchers, local suppliers. My own club Southend still owe a local theatre (Cliff's Pavilion) around £30k for a Christmas party held there ten years ago. But of course football clubs never go bust do they, there's always someone to rescue a club, buy it out of administration, live the dream etc. I just wonder if the costs are getting so enormous these benefactors are going to start to run out.
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Originally posted by Paul S View PostI know this won't win me any friends for saying this, but a lot of football clubs deserve to go out of business. I had always assumed that football clubs debts were to other clubs for transfer fees etc. Yet when you look underneath it, they owe the St Johns Ambulance, bakeries, butchers, local suppliers. My own club Southend still owe a local theatre (Cliff's Pavilion) around £30k for a Christmas party held there ten years ago. But of course football clubs never go bust do they, there's always someone to rescue a club, buy it out of administration, live the dream etc. I just wonder if the costs are getting so enormous these benefactors are going to start to run out.
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Originally posted by Janik View PostThey do go out of business. Rangers did relatively recently, for example. And Middlesborough before them. But it's only the legal entity that will ever go. The clubs continue, as the number of people who care for them as institutions means a phoenix club will pretty well always arise immediately if that happens.
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Originally posted by Satchmo Distel View PostPhoenix clubs having getting a rough deal of late by having to start from well down the pyramid (Darlington, Hereford). Where would these three have to start from?
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I'm quite sure Hereford started in Step 6 (the Midland League - same level as Hellenic League) - they were playing the likes of Westfields and Old Wulfrunians for a season before promotion to the Southern League South and West Division, and then promotion to the Southern Prem.
Worcester City (also Conference North when they resigned) are now in the Midland League which surprised me.
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AS a general rule of thumb, a reformation of a club that has become insolvent should start at least 2 tiers lower than the club was previously at, but it was always a complete lottery, as the FA simply had no rules in place to properly manage it.
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Originally posted by Grimmer View Post
I’m pretty sure Worcester took voluntary relegation.
It would be interesting to read up fully on what's gone on at Worcester - sold their ground to developers with no real plans, now playing in Bromsgrove (I think) having had a few seasons elsewhere, and playing 3 divisions lower than where they were when they sold the ground.
I went to St George's Lane for a friendly in the mid-00s and it was a fantastic ground as well.
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No idea how Bury are going to get £227,000 to pay HMRC on 15 May either, especially given this lengthy missive from the chairman published online yesterday evening (short version - our outgoings to May are in the region of £1.6m, our incomings will be approx. £180,000).
https://www.buryfc.co.uk/news/2019/a...-the-chairman/
I'm weary of all this shit now.
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Originally posted by Giggler View PostNo idea how Bury are going to get £227,000 to pay HMRC on 15 May either, especially given this lengthy missive from the chairman published online yesterday evening (short version - our outgoings to May are in the region of £1.6m, our incomings will be approx. £180,000).
https://www.buryfc.co.uk/news/2019/a...-the-chairman/
I'm weary of all this shit now.
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Originally posted by Gangster Octopus View PostApparently Bolton's game is off.
I'm sick of financially doped clubs racking up huge debts to get out of League 1. (Looking at you, Blackburn, with your massive losses last year.) It poisons the whole league and penalises prudent clubs.
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Southend United: Fourth winding up petition of the year:
https://www.bbc.co.uk/sport/football/50346714
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