Skip to main content

"If you want some accessible but informative insight into football then I suggest you couldn't do better than the Political Economy of Football website, which is not only intelligible but comes with the added bonus of being written by Addicks fan Wyn Grant."
Ben Hayes - Charlton Athletic programme

Blue Square South

Share/Save

Stadium for Cornwall gets green light

Submitted by WG on Fri, 18/11/2011 - 06:15

The chairman of financially troubled Truro City, Kevin Heaney, has claimed that the absence of planning permission for a new stadium was holding back the club's future development.   The Planning Committee of Cornwall Council gave its outline consent yesterday for the Stadium for Cornwall project.

Truro in big trouble

Submitted by WG on Mon, 14/11/2011 - 08:16

Ambitious Truro City are the leading club in Cornwall and they are in even bigger financial trouble than was realised earlier.   Their players have not been paid for a month and they owe £100,000 to Revenue and Customs (HMRC).   They have been given until 16 January by the High Court to settle their bill or face closure.

Winding up petition issued against Truro City

Submitted by WG on Sun, 25/09/2011 - 09:09

Revenue and Customs have issued a winding up petition against Truro City FC over a debt of around £200,000.  They have to appear in court on October 31st.

Argyle takeover by end of week

Submitted by WG on Wed, 17/08/2011 - 19:12

With Plymouth Argyle experiencing a faltering start to the season, joint administrator, Brendan Guilfoyle, has reiterated that he expects the takeover to go through by the end of this week.

Guilfoyle said: 'We asked of proof of funds from BIL, which is the company that Kevin Heaney's behind, and we haven't had proof of funds [yet], but what we have had from his solicitors is evidence of a funding line that he's working on and there's some due diligence going on.'

Wages not paid at Welling

Submitted by WG on Mon, 31/01/2011 - 15:13

The financial problems of Blue Square South club Welling United continue and now the players and management have expressed their concern publicly about the late payment of wages, to the annoyance of owner Barry Hobbins.


Having met tax debts through a whip round among supporters, Welling lost revenue as a result of the winter weather, including a potentially lucrative Christmas fixture.

Two non-league clubs survive

Submitted by WG on Tue, 14/12/2010 - 12:54

Two non-league clubs that were on the brink of folding, Welling United and Windsor & Eton, have managed to survive at the last minute.


In the case of Welling in South-East London they originally owed Revenue and Customs £97,000.   They managed to pay off £37,000, but were facing a winding up order in the High Court tomorrow.   Their supporters rallied round and managed to pay off the remaining £60,000.

Weather outlook worries clubs

Submitted by WG on Sun, 05/12/2010 - 19:28

With temperatures forecast to fall this week, smaller clubs who do not have undersoil heating are increasingly worried about the impact on their finances.   The cheaper solution of frost covers, which the Football League insists on, cannot cope with very low temperatures or a large covering of snow.  Even if the pitch can be cleared, conditions outside the ground may be judged too dangerous for the crowd.

Conference clubs owe less to taxman

Submitted by WG on Mon, 22/11/2010 - 08:21

The 67 Blue Square league clubs owe £1.2m less to Revenue and Customs than this time last year.  The Conference understandably credits its Financial Reporting Initiative under which clubs have to make quarterly financial returns for this achievement. 

The limits of fantasy football

Submitted by WG on Wed, 03/11/2010 - 19:11

A decision by the members of MyFootballClub to limit the transfer powers of Ebbsfleet United manager Liam Daish has been revised after it attracted criticism beyond the club.   132 members (out of a total of 3,000) voted to take transfers out of his hands.   Now only signings that attract a transfer fee (which many don't at that level) or bust the playing budget will go to a vote.

Wings deducted points over tax debt

Submitted by WG on Sun, 19/09/2010 - 15:00

Blue Square Bet South side Welling have been deducted five points after they provided incorrect financial information to the league about the extent of their debt to the taxman.   The club have paid off £45,000 of a £90,000 debt and have until December 1st to pay the rest.   If they fail to do so, they will become the latest non-league club to close.


Hoped-for investment in the club failed to materialise.   However, the Conference have released the £8,000 solidarity money they held back from the club.