The fate of non-league club Merthyr Tydfil FC is in the balance, but it looks as if the club will go into administration tomorrow. A Welsh-Egyptian millionaire has been told that he can have the club for £1, but according to owner Wyn Holloway he has not made an offer. Annis Abraham is a Cardiff City shareholder and has pledged to bring league football to Merthyr. He thinks that the debts are nearer £600,000 than the £315,000 Mr Holloway states. Abraham claims that Cardiff City have already agreed to a link up which may see the club field Cardiff reserve players.
The fate of non-league club Merthyr Tydfil FC is in the balance, but it looks as if the club will go into administration tomorrow. A Welsh-Egyptian millionaire has been told that he can have the club for £1, but according to owner Wyn Holloway he has not made an offer. Annis Abraham is a Cardiff City shareholder and has pledged to bring league football to Merthyr. He thinks that the debts are nearer £600,000 than the £315,000 Mr Holloway states. Abraham claims that Cardiff City have already agreed to a link up which may see the club field Cardiff reserve players. He has said that the mooted move to Bridgend is off.
Related Articles
Non-League Clubs Go Bust – 23/05/2009
As we have argued for some time non-league clubs are most likely to go bust in the recession. They are often dependent on smaller scale businesses as benefactors which are most likely to be hit by the credit crunch…
Why Administration is Common – 05/04/2009
Going into administration is a very common reorganisation device for football clubs. Research by John Beech at Coventry University says that since 1986 there have been 68 cases of clubs in English leagues becoming insolvent…