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Articles about football clubs facing or going into administration.
The Joint Administrators of Heart of Midlothian FC plc have today named the bid submitted on behalf of Foundation of Hearts (FOH) as preferred bidder for the club. BDO have effectively dismissed a rival offer from Angelo Massone’s Five Stars Football Limited.
Coventry City Football Club Ltd are facing liquidation after a Company Voluntary Agreement was rejected at a creditors’ meeting in London. CCFC Ltd, who went into administration in March, is just one of the companies that make up the club.
The Sky Blues are still expected to begin their League One season at Crawley on Saturday. However, the club faces being deducted a minimum of 15 points by the Football League.
Warwickshire businessman Michael Byng claims Ricoh Arena delays in enabling Coventry City to exit administration are preventing possible Chinese investment in the club and Ricoh Arena. He spoke out after yesterday’s Coventry City Football Club Limited creditors’ meeting ended in another adjournment until Friday – on the request of part-council owned Arena Coventry Limited (ACL).
Time is running out for the Sky Blues to continue playing in Coventry, but city council leader Ann Lucas has made a ‘woman to woman’ appeal to hedge fund boss Joy Sippala for talks to sort the situation out.
Relations between Sisu and Coventry City Council have been strained to say the least, although Lucas is a relatively new leader. However, it appears that Sisu were offended by her not turning up at recent last dich negotiations.
Hearts face the prospect of liquidation unless someone outstrips present offers for the club by millions, administrator Bryan Jackson has warned. Jackson’s counterpart looking after the affairs of the club’s owners, Ukio Bankas, has said none of the bids received for Hearts are acceptable. And the bank’s administrator has warned that liquidation is a possibility.
Last ditch talks have been taking place at a hotel somewhere in England under a media blackout between Arena Coventry Limited (ACL), the operators of the Ricoh Arena, and Coventry City in the hope of reaching an agreement. This will not be easy given the bad blood between the parties.
Coventry City chief executive Tim Fisher defends his actions and that of the club’s parent company Sisu in a full page feature interview in The Times today. He thinks that he has been unfairly vilified. Whilst he concedes that Sisu’s period in charge of the Sky Blues has not been ‘a roaring success … it is grossly unfair to say they have done anything other than have the best intent for Coventry.’
The following motion has been placed on the House of Commons order paper about the removal of Coventry City to Northampton after the Football League gave ‘reluctant’ approval and has been signed by 13 MPs to date. Early day motions are a way for MPs to express concern about an issue and are not usually debated.
Dunfermline Athletic fans have welcomed the news that they have been named as the preferred bidder to buy their club and its ground. Pars United, who were formed to represent supporters efforts to purchase Dunfermline Athletic Football Club (DAFC), received confirmation from DAFC Limited’s administrators BDO and East End Park Limited’s administrators KPMG.
The fate of Aldershot Town hangs in the balance and it is uncertain whether the rescue bid will succeed. The club started as a phoenix club after their predecessors folded and this article takes an in depth look at their story.