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Billericay Town sold

Billericay Town FC has been sold to former manager Grant Gordon.   However, existing owner Steve Kent retains a stake as only 60 per cent of his shares have been sold.   He said that there had been other offers, but he was not comfortable with them.


Reports give no indication of the sale price, but it is unlikely to have been the £3m originally mentioned when the club was put up for sale.


 

Salisbury chairman bails out Truro

It has been revealed that it was the chairman of rival Blue Square South club Salisbury City who came to the aid of Truro City and enabled them to pay outstanding player wages.

In a statement Salisbury chairman William Harrison-Allen made it clear that his company CGA Holdings was not investing in Truro City which would probably be in breach of football rules.  Rather it was a property deal that will help Truro chairman Kevin Heaney keep the beleaguered club going.

Truro City players get paid

Truro City's players were paid in full on Friday, one day after the deadline they had set.  This means that the club can now go ahead and start its season at Billericay Town next week.   The availability of the money suggests that new investors are now on board.

Truro City crisis deepens

The crisis at Truro City has deepened with players' wages not paid by the deadline they set yesterday.  It's uncertain what sort of team they will field at their opening fixture at Billericay Town.  Apart from anything else, the cost of transporting a team from Cornwall to Essex is substantial and any coach operator is likely to want payment up front.


Chairman Kevin Heaney has not been contactable and there is speculation that he may be going into hospital for an operation which could sideline him for several months.

Bleak outlook at Truro City

The future of Truro City as a Blue Square Bet South club is hanging by a thread after the squad gave the club a seven day deadline to pay the wages they are owed.

Players wear false beards in sponsorship deal

Kendal Town football club have signed an unusual sponsorship deal that requires players to wear crocheted black beards with sideburns and red beanie hats in pre-match warm-ups.    Local firm Rosetta makes off-the-wall giftwear.   The beards are a big seller in the US and it is hoped that this success will be replicated in the UK.

The beards come in a variety of colours, including grey.

When does prudent become stingy?

When does prudent become unwisely stingy?   That is the question being posed about new Conference outfit Hyde United.   They were 33-1 outsiders to go up last year and it seems that their own game plan was to avoid relegation.

A certain financial caution is understandable.   The club was wound up because of tax debts of about £120,000 in September 2009.  But then £8,000 was raised in a bucket collection at Manchester City.  This funded an appeal and the judge found in their favour.

Truro City get reprieve

Truro City FC have been given a six week reprieve over a winding up order but have been warned by the judge that they have got to sort their financial affairs out.   They owe Revenue & Customs £15,000, having settled a separate tax bill of £51,000.

The Tigers are disputing a much larger sum of £700,000 claimned by other creditors.   Truro are owned by local businessman Kevin Heaney.

Ludlow Town in receivership

The Shropshire border town of Ludlow is known for its mangnificent castle, attractive streets and fine restaurants.  Its football club, Ludlow Town, has gone into receivership owing £400,000 which is a lot of money for a club in the lower reaches of the non-league system.

Billericay Town up for sale

Newly promoted Billericay Town FC have been put up for sale by owner Steve Kent.   The double glazing businessman bought it from shipping businessman Rod Moore in 2004.  Kent and his wife Sharon have been popular owners at New Lodge.  He has brought financial stability to the club and bequeathed it a superb clubhouse.

The club is debt free, but Kent recently said that new investment would be needed if the playing budget is to be increased following last season's promotion.

Internet speculation suggests a price of around £3.5m, but that seems on the high side.