VSI
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Darlington FC Placed in Administration

Tue 3rd Jan 2012 | Football Club Administration

Darlington Football Club have announced that they have been placed into administration.  

The club’s owner, Raj Singh said in a statement today:

"It is with huge regret that we've had to place the club into administration today. I for one certainly didn't envisage this when I took over the club back in August 2009.

"Over the last two months we've been trying to make necessary cutbacks to be able to ensure the future of the club, including negotiating reduced players' wages and a settlement with Mark Cooper.

"During this time we haven't been able to do that, while we also haven't received a viable offer to take the club over and its ongoing running costs.”

It was revealed earlier today that a consortium of local businessmen led by Mark Meynell and included former chairman, Steve Weeks, had been in talks with Singh over the possible takeover of the club.

"I was approached by one consortium this week, represented by two local businessmen, whom I admire for their intentions,” continued Singh.

But the talks look to have been fruitless after it was revealed that the group would need Singh to support the club financially until July at a cost of around £80,000 per month.

"In theory their approach is a very sensible one, but they made their short-term position very clear and it doesn't solve the current issues we face.

"But they now have an opportunity to discuss their proposals with the administrators and I wish them every success in taking the club forward.

"I'd again like to thank the fans who have sent me words of support and encouragement. I'd like to think the majority of our supporters are level-headed and understand my position, and know how hard I've worked to try to bring success to the club.

"I know I can leave the club knowing that I tried everything I possibly could to make Darlington FC work. But it also hinged on other parties playing their part and keeping their promises. Regrettably, that hasn't happened, and as our fans know that has all been well-documented.

"I also know that I've been as open and as transparent as I possibly could have been with the fans, from the day I walked through the door.

"I've been true to my word with the non-playing staff as well, who have all been fully paid up to the end of December.

"I'm truly sorry that it hasn't worked out and I genuinely hope it can be salvaged in some way."

The club, who are just five points off the relegation places in the Blue Square Premiership, now face a ten point deduction for falling into administration.

http://www.buttonshut.com http://www.buttonshut.com http://www.buttonshut.com

 
---------------------------------------------------------------------------------------------------

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE F.C. BUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Bolton Wanderers Sell Training Ground To Wigan

Fri 19th Feb 2016 | Football Club Administration

Bolton Wanderers have today confirmed the sale of its Euxton training ground to ‘another North West football club’. The Championship club have debts totalling £172.9m and are...

Northampton Town Application For Administration Withdrawn

Fri 11th Dec 2015 | Football Club Administration

Northampton Town Football Club has confirmed that the application for administration has been officially withdrawn. Legal agreements had been reached this week between the club and Northampton Borough...

HMRC Hands Bolton Wanderers Winding Up Petition

Thu 10th Dec 2015 | Football Club Administration

Bolton Wanderers have been handed a winding up petition by HMRC it’s been confirmed. The club, who are currently bottom of the SkyBet Championship, have debts of over £170m and have failed...

HMRC Withdraw Cobblers Winding Up Petition

Mon 30th Nov 2015 | Football Club Administration

The winding up petition against Northampton Town FC has been withdraw it’s been confirmed. The SkyBet League 2 side has confirmed that the HMRC winding up petition has been officially withdrawn...