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Ben Hayes - Charlton Athletic programme

English Leagues


Redditch taken over

Blue Square North club Redditch United have been acquired by local businessman Chris Swan in a takeover that wipes out their debt.   The property developer had agreed to take over Kidderminster Harriers last month but pulled out because he was unsure of the true extent of their debts.

Unfortunately, it doesn't look as if Redditch can avoid relegation.  To add to their woes, the Conference gave them a five point deduction last Friday for submitting misleading information as part of the league's Financial Reporting Initiative.

Fulham FC's losses up

Fulham FC's losses increased from £7.9m to £19m in the year ended June 2010.  This was in spite of earning an extra £12.5m from their run to the Europa League final.   Turnover was boosted to £76.4m, but write downs and amortisation from player trading boosted losses.

Football's £22m tax debt

A freedom from information request has revealed that football clubs from the Premier League, Football League and Conference owed the taxman £22m in PAYE, NI and VAT at the end of the last tax year.   Premier League clubs accounted for 65 per cent of football total tax debt while clubs in the Championship made up 29 per cent of the total.   League One, League 2 and the Conference each accounted for 2 per cent of the remaining debt.

Pay deferred at Argyle

The manager, players and office staff at Plymouth Argyle have been asked to defer their pay otherwise the club may have to be liquidated.    None of the potential purchasers is willing to guarantee wages and salaries until the end of the season.

For reasons connected with legal paperwork, the selection of a preferred bidder has been delayed.   This is expected to be completed today, but the identity of the preferred bidder may not be announced.

Non-league attendances take hit

I was talking to the chairman of a non-league club the other day and he reckoned that attendances were down by about 20 per cent this season even where clubs were doing well on the pitch.   He thought that even the time of the month when people got paid had an effect on attendance, so squeezed were family budgets.

Failure to go up will cost Owls £6m

Sheffield Wednesday owner Milan Mandaric reckons that if the Owls are not promoted from League 1 this season it will cost him £6m to £7m.   He thinks that there would be a loss of £3m to £4m in gate receipts and another £3m in lost television and other revenues.   Indeed with the Owls hitting bad form and currently 16th in the table, there is even a risk of relegation to League 2.

Go ahead for new Aberdeen stadium

Aberdeen FC have received planning approval from local councillors for their new stadium at Loirston Loch in the south of Aberdeen.  Given the size of the project, the Scottish Government could have called it in for review but chose not to do so.

Taxman fails to fast track court battle

HM Revenue and Customs (HMRC) have failed in a bid to fast track a legal action against the Football League's insolvency rule.   The tax authorities believe that the football creditor rule is unlawful.  It prioritises the payment of football creditors such as players, managers and clubs over all other creditors in an administration.   They were disconcerted to get only 5p in the £ following the Portsmouth FC administration.

Former Argyle directors pull out

Affinity Sports Finance, a group associated with Argyle directors Sir Roy Gardner and Keith Todd, has pulled out of the bidding for the stricken League 1 club now in administration.  It would appear that they could not raise the required funding in the short period of time it needs to be secured.  Each potential buyer has been asked to provide a six figure sum up in front to ensure exclusivity in the bidding process.

Halesowen Town in danger

Zamaretto Premier League team Halesowen Town FC face a real danger of going out of business after their main benefactor stopped bankrolling the club.   Godfrey Ingram took exception to an article in the Halesowen News which revealed that he was facing a lawsuit in the USA which included claims of racketeering.   He accused the paper of sensationalising a private business matter and announced his immediate in