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Ben Hayes - Charlton Athletic programme



Conference clubs owe less to taxman

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. 

Royalists get reprieve

Windsor & Eton have been given 28 days' breathing space in the High Court over the £50,000 they owe the tax authorities.  However, they are expected to go into administration very soon.  The relevant rules state that they must either pay creditors in full or have entered a Company Voluntary Arrangement to pay them off in full in three years.

Former Chester owner bids for Wrexham

Controversial former Chester City owner Stephen Vaughan is part of a consortium bidding to buy Conference side Wrexham.   Nearly a year ago Vaughan became the first owner of a professional club to fail the fit and proper person test at Chester.   He was disqualified from acting as a director of any company until November 2020 following his involvement in a £500,000 VAT fraud.

Rich guy backs Bedlington

The latest American billionaire to get involved in English football, the aptly named Bob Rich, is devoting some of his fortune to Northern League Division 1 club Bedlington Terriers.   Interviewed on Radio 5 this evening he explained that genealolgical research had led him to discover family links with the area and his wife bought him the manorial title.   He then learnt about the football club which he has since visited.

Is FC United a model for other clubs?

FC United think they could be a model for other clubs up to League 1 level who need not turn to wealthy individuals but could raise funds from their own supporters.

The limits of fantasy football

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.

Uncertain future for Royalists

The future for Windsor & Eton remains uncertain.  On the one hand, they have a prospective new owner in Kevin Stott but Revenue and Customs are pressing ahead with a winding up order against a club whose debts could be as high as £249,000.

Situation worse than feared at Kiddy

The new short-term chairman of Kidderminster Harriers, Dave Reynolds, has revealed that the financial situation at the Conference club is worse than was feared.   Debts total £250,000, many of which need to be paid quickly.   In a not unfamiliar situation at many clubs, £90,000 is owed to Revenue and Customs.   The year's trading loss is forecast at £350k-£400k which is clearly not sustainable.

Five groups in for Kiddy

Five distinct groups of investors have expressed an interest in taking over Conference club Kidderminster Harriers which is more than I expected in the current economic climate.  Of course, as always, the question is how credible and well funded these potential bidders are.

The club has admitted that it is in dispute with the tax authorities, but is querying the amount involved.

Royalists in danger

Windsor and Eton face going out of business unless they can find £10,000 to pay to the tax authorities by November 10.  The Royalists were promoted to the Zamaretto Premiership last season.