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Administration

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Supporters Trust named as preferred bidders at Pompey

In what has rightly been described as a pivotal moment for Portsmouth FC and football generally, Portsmouth Supporters Trust  (PST) have been named as preferred bidders to take the club out of administration.

Rangers: my part in its downfall

Craig Whyte has set out a defence of his actions at Rangers in an interview with the BBC.    In particular, he makes allegations against the administrators, claiming that they knew about the Ticketus season ticket deal which enabled Mr Whyte to buy the club.

Sleeping giant or dysfunctional club?

Port Vale fans deserve some luck and they may have got it in the shape of Alchemy Investment Group, named today as the preferred bidder to take the Burslem club out of adminstration

The latest issue of Four Four Two has a feature article on Port Vale headlined 'Britain's most dysfunctional club.'   There are a few others that might deserve that title, but Vale fans have certainly been to hell in a handcart and back.

'No worries' says Chainrai

Balram Chainrai has brushed aside concerns expressed by the Football League about whether he is a suitable person to run a football club, but the future of Portsmouth FC is once again uncertain.

His Portpin group was thought to be favoured by the administrators to take Portsmouth out of administration.   However, the reservations expressed by the football authorities put the Portsmouth Supporters' Trust in pole position.

Truro City given another chance

Truro City now seem to have been given more reprieves than the average prisoner on an American death row.   The latest stay of execution is for one week.

To be fair to the Conference, who held an emergency board meeting to discuss the issue, it's a case of damned if you do and damned if you don't.   The Conference have been criticised for giving clubs too much rope, but also for doing not enough to help them.

The end of Truro City Football Club

Truro City Football Club has been suspended from the Football Conference and is now likely to be liquidated.  The football authorities bent over backwards to help the club, extending the final deadline by half an hour.  But although the club was able to produce a £10,000 bond from Cornwall County Council to fund its next run of games, this was well short of the £50,000 the Conference required.

Kettering's fate in the balance

The Southern League have announced that tomorrow's game between Kettering Town and Bideford Town is off given that the electricity has been cut off at Nene Park.   Meanwhile, Leamington chairman Jim Scott is claiming that they could lose thousands if the Poppies go under.   Their match with Kettering was called off on Tuesday.

Another reprieve for Truro City

It may seem  a bit like the condemned man who has become a fixture on death row being given another short stay of execution, but the latest news about Truro City does offer a slim hope that they might escape extinction.

Truro City given deadline

Truro City FC have been given until 5 p.m. on Thursday to satisfy the Conference that they can see out the season or they will be removed from the Blue Square South.   The club has asked that the criteria be kept confidential for reasons of commercial sensitivity.   City's players have not been paid for several weeks.

Port Vale sale in October?

The administrator of Port Vale, Bob Young of Begbies Traynor, is hopeful that a deal that can take the club out of administration will be agreed in October.   Three contenders have emerged to buy the club with others in the wings.

In March Lancashire businessman Keith Ryder was named as preferred bidder with a proposed £1.3m deal.  When it collapsed last month, the administrator said that he had never known this to happen at such an advanced and late stage.