Stockport County have gone into administration. Their ten point penalty will not relegate them from League 1, but they could lose more points during the summer if they fail to comply with Football League insolvency policy. Stockport were losing about £300,000 a year and were said to owe one creditor £300,000. Their problems were made worse by the fact that they do not own their ground. They were so cash strapped that the cost of policing their last home match was met by Sale Sharks who share the ground.
Stockport County have gone into administration. Their ten point penalty will not relegate them from League 1, but they could lose more points during the summer if they fail to comply with Football League insolvency policy. Stockport were losing about £300,000 a year and were said to owe one creditor £300,000. Their problems were made worse by the fact that they do not own their ground. They were so cash strapped that the cost of policing their last home match was met by Sale Sharks who share the ground. A statement by Supporters Direct said, ‘As has always been the case where fans have come to own a club, Stockport County Supporters Trust were the only people willing to take on the club after it had been saddled with millions of debt by previous owners, and had its major assets sold from under it by those previous owners. As a consequence the Trust has had to cope with not having any revenues from the use of the ground.’ Stockport County are the 89th league club to be declared insolvent since 1989.