Mansfield Town to splash the cash
Tue 26th Apr 2011 | Money & Finance
Mansfield Town are to splash the cash next season in a bid to return to the Football League from which they were relegated in 2008. Chairman John Radford has said that he will throw around £2m at the club. Three of the four men he bought the club from for £1 have returned to the board, each putting in a five figure sum.
However, it all depends on regaining control of their Field Mill ground from landlord Keith Haslam. The Stags have put in what they think is a fair offer to buy the ground, although a ten-year lease would suffice for admission to the Football League.
As things stand, matters could go to court over Haslam's bid to re-possess the ground and Radford's counter-action over Haslam's company Stags Limited's £1.9m purchase of the stadium with an allegedly illegal £2.36m dividend from the club.
SUBSCRIBE TO THE F.C. BUSINESS RSS FEED
If you have any football business related news stories you’d like to share then please contact us –agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk
Google
Yahoo
Live
del.icio
DiggRelated Articles
Gold welcomes financial benefits
Mon 21st May 2012 | Money & Finance
David Gold admits West Ham would have been in big financial trouble had they failed to make an immediate return to the Premier League. Gold reckons that Ricardo Vaz Te's goal three minutes from time...
Liverpool Count Cost Of Stadium Ambitions
Thu 3rd May 2012 | Money & Finance
Liverpool’s latest accounts show the true extent of Hicks and Gillett’s troubled tenure with over £35m wasted on the failed Stanley Park project. In an interview on the club’s...
TV Cash Windfall For Promoted Clubs
Thu 26th Apr 2012 | Money & Finance
Southampton can expect a revenue boost of at least £90 million if they can achieve automatic promotion this weekend, according to Deloitte, the business advisory firm. The Saints need a victory...
Football League To Introduce Financial Fair Play
Wed 25th Apr 2012 | Money & Finance
The Football League will implement its own Financial Fair Play regulations across all three of its divisions, after Championship clubs voted in favour of a breakeven approach based on UEFA's Financial...
