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Football Club Administration

 

Aldershot Town Exit CVA

Thu 31st Jul 2014 | Football Club Administration

Aldershot town have formally exited administration today, two years ahead of the required date. A statement released by the club announcing the exit read, “The Board of Directors of Aldershot...

Hearts Parent Company Creditors Agree Share Transfer

Wed 16th Apr 2014 | Football Club Administration

The creditors committee of Ukio Bankas has today agreed the transfer of its shareholding in Hearts of Midlothian FC to Bidco, the Ann Budge backed company taking over the club. Bryan Jackson, joint...

Hinckley United Wound Up Following Court Hearing

Tue 8th Oct 2013 | Football Club Administration

Hinckley United Football Club were wound up yesterday following a hearing at Birmingham High Court. The proceedings were brought against the by former chairman Kevin Downes, who resigned as chairman...

Premier League Responds To Greg Dyke's Speech

Thu 12th Sep 2013 | Football Club Administration

All twenty Premier League clubs today met and affirmed their commitment to engaging in a collaborative and cooperative manner with the debate and process outlined by The FA Chairman in his recent...

Kettering Town issued with a winding-up order at High Court

Tue 3rd Sep 2013 | Football Club Administration

Kettering Town have been issued with a winding-up order at London’s High Court over a £58,000 debt. In June, the club’s management company fended off moves by the taxman to wind it...

Hearts Administrators Receive Three Bids For Club

Mon 15th Jul 2013 | Football Club Administration

Administrators acting on behalf of Hearts have confirmed they have received three bids for the Scottish Premier League club. Bryan Jackson, joint administrator of Heart of Midlothian FC plc and a...

Administrators Put Hearts On Business For Sale Website

Fri 5th Jul 2013 | Football Club Administration

Ever wondered where to go to buy a football club? Well look no further than BusinessesForSale.com . Troubled club, Hearts of Midlothian, who were placed into administration last month, is being...

12 July Deadline For Hearts Bids

Fri 28th Jun 2013 | Football Club Administration

The administrators of Hearts of Midlothian FC have set a date of Friday 12th July for interested parties to submit bids for the club. BDO issued a sales memorandum to all groups that have expressed an...

Administrators Call on Hearts Fans To Buy Season Tickets

Fri 21st Jun 2013 | Football Club Administration

The joint administrators of Hearts FC have warned that there are tough times ahead for the club as 14 (nine full time and five part time) administrative staff were made redundant and four players (two...

BDO Partners Appointed Administrators of Hearts

Thu 20th Jun 2013 | Football Club Administration

Bryan Jackson, James Stephen and Trevor Birch, partners of accountancy and business advisory firm BDO, have been appointed joint administrators of Heart of Midlothian Football Club plc. The...

Hearts Appoint KMPG As Administrator

Tue 18th Jun 2013 | Football Club Administration

Heart of Midlothian Football Club have served a notice of intention to appoint an administrator. The Edinburgh club have been struggling financially following the threat of insolvency of owner...

Aldershot Town Left in Disarray as CEO Steps Down

Wed 1st May 2013 | Football Club Administration

Andrew Mills has resigned from his position as CEO of troubled club Aldershot Town with immediate effect. In a statement released by the club, Andrew claimed his position had become untenable...

PKF Appointed Interim Manager at Dunfermline Athletic FC

Wed 27th Mar 2013 | Football Club Administration

Bryan Jackson and Robert Barclay, of accountants and business advisers PKF, were today appointed interim managers of Dunfermline Athletic Football Club with their appointment taking immediate effect....

Notts County winding-up order dismissed

Mon 11th Feb 2013 | Football Club Administration

The winding-up order issued against League One club Notts County was dismissed in the High Court "in a matter of seconds" on Monday. The Magpies were issued with a winding-up petition by Her Majesty's...

HMRC Reject Rangersí CVA

Tue 12th Jun 2012 | Football Club Administration

HMRC have rejected the CVA proposed by Rangers forcing the liquidation of the Glasgow club. Paul Clark, joint administrator at Duff and Phelps, said in a statement: "We have been informed by HMRC they...

Rangers' Administrators Publish CVA Proposal

Tue 29th May 2012 | Football Club Administration

Duff and Phelps, Administrators of Rangers Football Club, have published their proposal for a Company Voluntary Arrangement today. A formal notice of the CVA meetings is being sent to all creditors...

SFA Impose Player Trading Sanctions on Rangers

Tue 24th Apr 2012 | Football Club Administration

Rangers’ administrators, Duff & Phelps believe the Scottish FA’s (SFA) decision to impose sanctions on the club will seriously undermine their attempts to rebuild the club. The...

Rangers Administrators Issue Statement

Tue 3rd Apr 2012 | Football Club Administration

Duff & Phelps, administrators of Rangers Football Club, issued the following statement today. Paul Clark, Joint Administrator, said: “As administrators we are obliged, as part of our...

Port Vale Attracting Strong Interest

Wed 21st Mar 2012 | Football Club Administration

Administrators of Port Vale Football Club are reporting strong interest in acquiring the club which went into administration earlier this month. Bob Young, Gerald Krasner and Steve Currie of corporate...

Dave King fears liquidation for Rangers

Wed 7th Mar 2012 | Football Club Administration

Rangers director Dave King believes it is "inevitable" the club will plunge into liquidation after administrators were called in at Ibrox. South Africa-based King, the only survivor from the Sir David...

Rangers owner: Every penny accounted for

Fri 17th Feb 2012 | Football Club Administration

Craig Whyte is "100% confident" administrators will prove that all money to have gone in and out of Rangers during tenure is accounted for. In a statement, the Rangers chairman also claims the...

Portsmouth FC enter administration for the second time in two years

Fri 17th Feb 2012 | Football Club Administration

Portsmouth have gone into administration for the second time in as many years. The Championship club were placed into administration at a High Court hearing on Friday after they were issued with a...

Rangers administrators update. Plus Tennentís remain committed

Thu 16th Feb 2012 | Football Club Administration

Paul Clark and David Whitehouse, of Duff and Phelps, said: “We can report we have made very good progress within the first 24 hours of being appointed administrators over Rangers Football Club....

Darlington set April 30 deadline

Thu 16th Feb 2012 | Football Club Administration

Darlington's administrator Harvey Madden has told the club it has until April 30 to raise £750,000 in order to exit administration. The Quakers, who entered administration for the third time in...

Darlington FC Terminate Player Contracts

Tue 17th Jan 2012 | Football Club Administration

Darlington Football Club’s future looks increasingly uncertian after the administrator terminated the contracts of the players and manager yesterday. The club were given an extended deadline on...

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...

The FA and Special Olympics join forces

Tue 13th Dec 2011 | Football Club Administration

The Football Association, England’s governing body for Football, today signed a Memorandum of Understanding with Special Olympics Great Britain, the country’s largest everyday sports...

Portsmouth's parent company in administration

Wed 30th Nov 2011 | Football Club Administration

The parent company of Portsmouth Football Club has been placed into administration it was announced yesterday. A statement released by the club regarding recent events as a result of issues relating...

FAW appoint new Welsh Premier League Secretary

Tue 29th Nov 2011 | Football Club Administration

The Football Association of Wales has appointed Gwyn Derfel for the role of Welsh Premier League Secretary, successor to John Deakin, who will retire at the end of the season. Derfel, who was born in...

Rushden & Diamonds FC placed into administration

Thu 7th Jul 2011 | Football Club Administration

Troubled Northamptonshire football club Rushden & Diamonds FC was placed into administration at the High Court earlier this week after failing to attract new investment following their expulsion...

Evo-Stik League in management shake up

Mon 27th Jun 2011 | Football Club Administration

Following the Evo-Stik Northern Premier League AGM on Saturday 18th June, the league have announced that Angie Firth has been appointed as League Sectetary, succeeding Phil Bradley. Angie is stepping...

Capello backs FA grant

Fri 3rd Jun 2011 | Football Club Administration

Fabio Capello has sent a message of support to the England Powerchair football team after The FA announced a grant of £25,000 to the Wheelchair Football Association (WFA) to fund a national side...

Dundee exit administration

Fri 13th May 2011 | Football Club Administration

Dundee Football Club announced yesterday that the club has formally exited administration after the relevant paperwork was lodged at the Court of Session in Edinburgh. The club’s exit means that...

Halesowen Town benefactor withdraws support

Wed 9th Mar 2011 | Football Club Administration

Halesowen Town Football Club face being wound-up after the club’s major benefactor withdrew his support. The club face extinction after the chairman, Graham Ingram said his brother Godfey, was...

Plymouth's administrator in desperate plea for funds

Mon 7th Mar 2011 | Football Club Administration

After falling into administration on Friday (4 th Mar) Plymouth’s Administrator has made a plea to potential investors to step forward to help save the club. A statement via the club’s...

Plymouth go into administration

Fri 4th Mar 2011 | Football Club Administration

Plymouth Argyle Football Club have gone into administration following a meeting of the club's directors today. The League One outfit have appointed P&A Partnership as their administrator. A High...

Charity Commission investigates Plymouth's fans' trust loan

Fri 4th Mar 2011 | Football Club Administration

A loan of £330,000 given to Plymouth Argyle by a fans’ trust is being examined by the Charity Commission. The loan given to help the financially stricken club by the Plymouth Argyle...

£3m needed to save Plymouth Argyle from administration

Wed 2nd Mar 2011 | Football Club Administration

Plymouth Argyle need a cash injection of £3m to avoid falling into administration on Friday according Peter Ridsdale. Argyle, who were deducted 10 points after it issued a formal notice of...

Plymouth Argyle deducted 10 points

Tue 22nd Feb 2011 | Football Club Administration

The Football League have issued Plymouth Argyle Football Club with a 10 point deduction with immediate effect. The penalty comes after the club issued a ‘Notice of Intention’ to appoint an...

Plymouth Argyle set to call in administrators

Mon 21st Feb 2011 | Football Club Administration

Plymouth Argyle Football Club’s future looks in doubt after deputy chairman, Paul Stapleton said he was seeking to appoint an administrator today. The League One club have been struggling to pay...

Darlington FC chairman threatens to walk out

Wed 16th Feb 2011 | Football Club Administration

Darlington Football Club’s future is again under threat with chairman Raj Singh threatening to walk away amid a new financial crisis. It’s understood that the holding company which owns...

Dundee FC secures future with CVA agreement

Tue 8th Feb 2011 | Football Club Administration

Dundee Football Club has secured its future after reaching an agreement with its creditors The Scottish First Division club had called in administrators last October after it had accumulated debts of...

Non League Billingham vow to fight on

Tue 21st Dec 2010 | Football Club Administration

Officials at a STL Northern League club Billingham Town have vowed to “fight for their lives” to save it from a winding-up petition. Billingham is in a legal battle with Hartlepool United...

Plymouth hold talks with fans behind closed doors

Thu 16th Dec 2010 | Football Club Administration

Plymouth Argyle Football Club’s chief executive Keith Todd has faced fans of the club in a behind-closed-doors meeting. According to southwestbusiness.co.uk the club’s executive director...

Scottish clubs face bleak winter

Fri 10th Dec 2010 | Football Club Administration

Livingston Football Club chairman, Ged Nixon believes Scotland's freezing temperatures could be the final straw for a number of financially stricken football clubs. With Dundee falling into...

Welling United Fans Save Club

Thu 9th Dec 2010 | Football Club Administration

Little Welling United Football Club will live to play another day because their fans are in a league of their own. Supporters of the Conference South side have saved the club from being wound-up by HM...

Plymouth given more time to clear debts

Thu 9th Dec 2010 | Football Club Administration

Plymouth Argyle Football Club have been given more time to clear its debts after appearing in the High Court Yesterday. The club and a related company, Home Park Properties, faced winding-up petitions...

High Court gives Sheffield Wednesday more time

Wed 17th Nov 2010 | Football Club Administration

Sheffield Wednesday have been given 28 days to find new owners and resolve their £27m debts by a High Court judge. The Owls had been facing a winding-up petition from HM Revenue & Customs...

Sheffield Wednesday face court action over unpaid VAT bill

Wed 10th Nov 2010 | Football Club Administration

Troubled club Sheffield Wednesday are facing a second winding-up order from HM Revenue and Customs over an unpaid tax bill. The Owls are due to face a winding-up order over an unpaid PAYE tax bill of...

Dundee FC CEO calls for reform within Scottish football

Fri 5th Nov 2010 | Football Club Administration

Dundee Football Club chief executive, Harry MacLean is hopeful that the club will be out of administration by the New Year and is calling for major reform within Scottish football. Speaking...

Sheffield Wednesday's future looks in doubt

Wed 3rd Nov 2010 | Football Club Administration

Sheffield Wednesday Football Club’s future looks in doubt after the major financier in a proposed takeover withdrew his interest. The South Yorkshire club now faces the prospect of...

Dundee FC deducted 25 points

Mon 1st Nov 2010 | Football Club Administration

Troubled Dundee Football Club have been deducted 25 points by the Scottish Football League for going into administration. The First Division outfit have also been banned from signing any new players...

Dundee FC have 50/50 chance of survival

Mon 18th Oct 2010 | Football Club Administration

Dundee Football Club have been given a 50% chance of survival by administrator Bryan Jackson after he made nine players redundant. Manager Gordon Chisholm and his assistant Billy Dodds also lost their...

Takeover of Liverpool FC looking increasingly uncertian

Mon 11th Oct 2010 | Football Club Administration

The future of Liverpool Football Club looks uncertain after it emerged the prospective new owner may walk away from the deal if the club is forced into administration. Royal Bank of Scotland has given...

Liverpool FC could face points deduction

Fri 8th Oct 2010 | Football Club Administration

Prospect of Liverpool Football Club being docked 9 points should come as no surprise to Liverpool fans. The club, which is the middle of a takeover battle could be docked the points if current owners...

Dundee Football Club face administration

Wed 6th Oct 2010 | Football Club Administration

Dundee Football Club looks certain to go into administration after they failed to pay players and staff outstanding wages on Tuesday. The Scottish Division One club are discussing a £350,000...

Sheffield Wednesday FC served winding up order

Thu 30th Sep 2010 | Football Club Administration

Sheffield Wednesday Football Club have been served with a winding-up order by Her Majesty's Revenue & Customs over an estimated £600,000 tax bill. The club are due to appear in court on 17...

Ilkeston Town today lost their battle with HMRC over its tax debts

Wed 8th Sep 2010 | Football Club Administration

Ilkeston Town FC, the Conference North side who owe nearly £50,000 in unpaid tax were given six weeks breathing space in July by the High Court to find the money owed to HMRC after its initial...

Sheffield Wednesday FC saved from administration

Wed 8th Sep 2010 | Football Club Administration

It’s understood that Sheffield Wednesday Football Club have reached an agreement with their bank over unpaid tax saving from administration after, The Owls were due at the High Court on...

Sheffield Wednesday could be forced into administration in the next 24hrs

Tue 7th Sep 2010 | Football Club Administration

Sheffield Wednesday Football Club look likely to be forced into administration in the next 24 hours unless they can pay a tax bill of £1.1m. Speaking to BBC Radio Sheffield sources close to the...

Crystal Palace come out of administration

Fri 20th Aug 2010 | Football Club Administration

The south London outfit entered into administration in January and narrowly avoided relegation to League One after being docked 10 points as punishment. But a statement on the club's website has...

Blackpool chairman Karl Oyston resigns

Thu 19th Aug 2010 | Football Club Administration

Blackpool have announced that Karl Oyston has resigned as chairman and a director of the newly promoted Premier League club with immediate effect. Oyston will stay on as acting chief executive until...

Football Association to start chairman quest

Wed 18th Aug 2010 | Football Club Administration

The English Football Association board will start searching for a new permanent chairman. They will work out the details of what they are looking for and the board is keen on finding an independent...

Sainsbury's deal helps Southend United FC avoid administration

Tue 3rd Aug 2010 | Football Club Administration

Southend United Football Club has avoided administration yesterday after reaching a repayment deal with HM Revenue & Customs following a winding up petition from the tax office. The club appeared...

Southend United to 'prove' to HMRC it is solvent

Mon 26th Jul 2010 | Football Club Administration

Southend United Football club has until 2 nd August to prove it is solvent or face administration. According to reports, the club was handed a stay of execution by the courts, despite HMRC seeking the...

Sheffield Wednesday FC served with 'winding-up' petition

Fri 23rd Jul 2010 | Football Club Administration

The BBC has reported that Sheffield Wednesday Football Club have been served a winding up order by HM Revenue and Customs over an unpaid tax bill. The action by HMRC relates to an outstanding PAYE...

Portsmouth's day in court to be moved forward

Wed 21st Jul 2010 | Football Club Administration

Portsmouth Football Club should learn whether they will exit administration before the start of the season after the court agreed to speed up HM's Revenue and Customs' appeal process. According to the...

Southend owner insists club will not fall into administration

Wed 7th Jul 2010 | Football Club Administration

Southend United’s owner Ron Martin has assured fans that the club will not be forced into administration at the high court on Thursday when it faces a legal challenge over a six-figure tax debt....

Southend United FC face another winding-up petition

Thu 1st Jul 2010 | Football Club Administration

Southend United Football Club has been served with another winding-up petition by Her Majesty's Revenue and Customs over unpaid tax according to the BBC. The League Two side owes around £200,000...

Crystal Palace saved from extinction

Thu 3rd Jun 2010 | Football Club Administration

Crystal Palace Football Club have been saved from a liquidation process as the consortium CPFC 2010 agreed a deal in principle to takeover the club and buy the Selhurst Park stadium. According to...

Crystal Palace face going out of business today.

Tue 1st Jun 2010 | Football Club Administration

Crystal Palace face going out of business unless a deal to buy the club can be completed by 3pm this afternoon. In a statement on the club’s website read; We have now reached agreement with...

Portsmouth FC offer creditors 20p in every pound they owe

Thu 27th May 2010 | Football Club Administration

The BBC has reported that Portsmouth Football Club have offered to pay their creditors 20 pence in every pound they owe, says the club's administrator. The Company Voluntary Agreement (CVA) proposal...

Portsmouth's draft repayment schedule to be arranged

Mon 10th May 2010 | Football Club Administration

Portsmouth' FC’s creditors met on Thursday and have decided to draft a Company Voluntary Agreement (CVA) says the BBC. At the meeting it also became apparent that the club, which entered...

Portsmouth's Debts Reach £138m

Thu 6th May 2010 | Football Club Administration

Portsmouth's administrators have revealed the relegated Premier League club's debts are now a staggering £138million. It was initially disclosed in a report to creditors last month that the club...

Election likely to trigger tougher football regulation

Tue 4th May 2010 | Football Club Administration

English football could face tougher financial regulation under a Conservative government, the party’s spokesman for sport has said. Portsmouth became the first-ever Premier League club to enter...

Hull set to avoid administration

Tue 27th Apr 2010 | Football Club Administration

Administration-threatened Premier League club Hull City can ‘trade through’ its current financial difficulties, according to owner Russell Bartlett. The cash-strapped club, £35m in...

Hull to hold talks with banks in bid to avoid administration

Mon 26th Apr 2010 | Football Club Administration

Relegated Hull will begin talks with banks today in a bid to avoid administration and the resultant 10-point penalty. Tigers owner Russell Bartlett and chairman Adam Pearson hope the banks will agree...

Hull face administration if relegated

Thu 15th Apr 2010 | Football Club Administration

HULL City face the prospect of administration should they be relegated. According to a football finance expert speaking to the Hull Daily Mail unless they can secure Premier League survival, the club...

Stockport County on the verge of extinction

Fri 9th Apr 2010 | Football Club Administration

Stockport County could be less than four months from extinction after the Football League today rejected their administrator's application to sell the club. The Guardian newspaper has reported that...

Portsmouth Football Club to make 85 staff redundant

Thu 11th Mar 2010 | Football Club Administration

The club’s administrator, Andrew Andronikou announced yesterday that up to 85 employees would be made redundant. Whilst it is no comfort, Peter Storrie, the chief executive is said to have...

Chester City 'wound-up' over unpaid tax bill

Wed 10th Mar 2010 | Football Club Administration

It has been confirmed that Chester City have been wound up in the High Court over an unpaid tax bill today. The 125-year-old club who had no representation at court today, owed HM Revenue &...

Stockport County finds buyer for the club

Fri 5th Mar 2010 | Football Club Administration

In a statement from the club’s administrator, Leonard Curtis yesterday it was confirmed that a buyer for the club had been found. “We can confirm that the administrators have agreed terms...

Portsmouth go into administration

Fri 26th Feb 2010 | Football Club Administration

Portsmouth have become the first Premier League club to enter administration. The club will also be docked nine points as a result which means relegation is almost certain. They were due to face a...

Portsmouth to reveal it's financial situation at court today

Wed 17th Feb 2010 | Football Club Administration

The full extent of Portsmouth's financial problems will be revealed to the High Court today The cash-strapped south coast club survived a winding-up order on the condition that they provided a...

Trio of clubs given stay of execution

Wed 10th Feb 2010 | Football Club Administration

Portsmouth, Cardiff and Southend have all been given more time to pay their debts by the High Court today. Portsmouth have been given until 1600 GMT on 17 February to file a "statement of financial...

Cardiff City seek to avoid administration

Thu 28th Jan 2010 | Football Club Administration

In a statement released this morning, the board of Cardiff City FC has outlined its plans for the future of the club in light to recent press coverage. “Over the last few weeks there has been...

Crystal Palace FC enter administration

Wed 27th Jan 2010 | Football Club Administration

In an official statement issued by the club, Crystal Palace FC announced that it has been placed into administration and face the prospect of a 10 point deduction by the Football League. Brendan...

Notts County face winding-up order

Mon 25th Jan 2010 | Football Club Administration

Notts County Football Club face the prospect of raising £2million by Wednesday to save the club as reported in The Times. The League Two club are due in the High Court in two days after the...

Portsmouth's financial troubles deepen

Wed 20th Jan 2010 | Football Club Administration

Former Portsmouth defender Sol Campbell is suing the Premier League club for unpaid fees and bonuses. The 35-year-old, now at Arsenal, claims he is owed £1.7m in image rights and bonus payments...

Portsmouth FC Appeal Dismissed By High Court

Tue 19th Jan 2010 | Football Club Administration

Breaking News: Portsmouth Football Club have appeal to overturn winding up order has been dismissed by the High Court. Portsmouth who are struggling in the Premier League face a winding up order after...

Watford Footall Club face Administration

Fri 18th Dec 2009 | Football Club Administration

Watford FC face administration after former Chairman, Jim Russo demanded the club repay a £4.88 million loan. The threat came after Russo resigned from the board along with Vince Russo and Robin...