Administration
Southend United to 'prove' to HMRC it is solvent
Mon 26th Jul 2010 | Administration
Southend United Football club has until 2 nd August to prove it is solvent or face administration. According to reports, the club was handed a stay of execution by the courts, despite HMRC seeking the...
Sheffield Wednesday FC served with 'winding-up' petition
Fri 23rd Jul 2010 | Administration
The BBC has reported that Sheffield Wednesday Football Club have been served a winding up order by HM Revenue and Customs over an unpaid tax bill. The action by HMRC relates to an outstanding PAYE...
Portsmouth's day in court to be moved forward
Wed 21st Jul 2010 | Administration
Portsmouth Football Club should learn whether they will exit administration before the start of the season after the court agreed to speed up HM's Revenue and Customs' appeal process. According to the...
Southend owner insists club will not fall into administration
Wed 7th Jul 2010 | Administration
Southend United’s owner Ron Martin has assured fans that the club will not be forced into administration at the high court on Thursday when it faces a legal challenge over a six-figure tax debt....
Southend United FC face another winding-up petition
Thu 1st Jul 2010 | Administration
Southend United Football Club has been served with another winding-up petition by Her Majesty's Revenue and Customs over unpaid tax according to the BBC. The League Two side owes around £200,000...
Crystal Palace saved from extinction
Thu 3rd Jun 2010 | Administration
Crystal Palace Football Club have been saved from a liquidation process as the consortium CPFC 2010 agreed a deal in principle to takeover the club and buy the Selhurst Park stadium. According to...
Crystal Palace face going out of business today.
Tue 1st Jun 2010 | Administration
Crystal Palace face going out of business unless a deal to buy the club can be completed by 3pm this afternoon. In a statement on the club’s website read; We have now reached agreement with...
Portsmouth FC offer creditors 20p in every pound they owe
Thu 27th May 2010 | Administration
The BBC has reported that Portsmouth Football Club have offered to pay their creditors 20 pence in every pound they owe, says the club's administrator. The Company Voluntary Agreement (CVA) proposal...
Portsmouth's draft repayment schedule to be arranged
Mon 10th May 2010 | Administration
Portsmouth' FC’s creditors met on Thursday and have decided to draft a Company Voluntary Agreement (CVA) says the BBC. At the meeting it also became apparent that the club, which entered...
Portsmouth's Debts Reach £138m
Thu 6th May 2010 | Administration
Portsmouth's administrators have revealed the relegated Premier League club's debts are now a staggering £138million. It was initially disclosed in a report to creditors last month that the club...
Election likely to trigger tougher football regulation
Tue 4th May 2010 | Administration
English football could face tougher financial regulation under a Conservative government, the party’s spokesman for sport has said. Portsmouth became the first-ever Premier League club to enter...
Hull set to avoid administration
Tue 27th Apr 2010 | Administration
Administration-threatened Premier League club Hull City can ‘trade through’ its current financial difficulties, according to owner Russell Bartlett. The cash-strapped club, £35m in...
Hull to hold talks with banks in bid to avoid administration
Mon 26th Apr 2010 | Administration
Relegated Hull will begin talks with banks today in a bid to avoid administration and the resultant 10-point penalty. Tigers owner Russell Bartlett and chairman Adam Pearson hope the banks will agree...
Hull face administration if relegated
Thu 15th Apr 2010 | Administration
HULL City face the prospect of administration should they be relegated. According to a football finance expert speaking to the Hull Daily Mail unless they can secure Premier League survival, the club...
Stockport County on the verge of extinction
Fri 9th Apr 2010 | Administration
Stockport County could be less than four months from extinction after the Football League today rejected their administrator's application to sell the club. The Guardian newspaper has reported that...
Portsmouth Football Club to make 85 staff redundant
Thu 11th Mar 2010 | Administration
The club’s administrator, Andrew Andronikou announced yesterday that up to 85 employees would be made redundant. Whilst it is no comfort, Peter Storrie, the chief executive is said to have...
Chester City 'wound-up' over unpaid tax bill
Wed 10th Mar 2010 | Administration
It has been confirmed that Chester City have been wound up in the High Court over an unpaid tax bill today. The 125-year-old club who had no representation at court today, owed HM Revenue &...
Stockport County finds buyer for the club
Fri 5th Mar 2010 | Administration
In a statement from the club’s administrator, Leonard Curtis yesterday it was confirmed that a buyer for the club had been found. “We can confirm that the administrators have agreed terms...
Portsmouth go into administration
Fri 26th Feb 2010 | Administration
Portsmouth have become the first Premier League club to enter administration. The club will also be docked nine points as a result which means relegation is almost certain. They were due to face a...
Portsmouth to reveal it's financial situation at court today
Wed 17th Feb 2010 | Administration
The full extent of Portsmouth's financial problems will be revealed to the High Court today The cash-strapped south coast club survived a winding-up order on the condition that they provided a...
Trio of clubs given stay of execution
Wed 10th Feb 2010 | Administration
Portsmouth, Cardiff and Southend have all been given more time to pay their debts by the High Court today. Portsmouth have been given until 1600 GMT on 17 February to file a "statement of financial...
Cardiff City seek to avoid administration
Thu 28th Jan 2010 | Administration
In a statement released this morning, the board of Cardiff City FC has outlined its plans for the future of the club in light to recent press coverage. “Over the last few weeks there has been...
Crystal Palace FC enter administration
Wed 27th Jan 2010 | Administration
In an official statement issued by the club, Crystal Palace FC announced that it has been placed into administration and face the prospect of a 10 point deduction by the Football League. Brendan...
Notts County face winding-up order
Mon 25th Jan 2010 | Administration
Notts County Football Club face the prospect of raising £2million by Wednesday to save the club as reported in The Times. The League Two club are due in the High Court in two days after the...
Portsmouth's financial troubles deepen
Wed 20th Jan 2010 | Administration
Former Portsmouth defender Sol Campbell is suing the Premier League club for unpaid fees and bonuses. The 35-year-old, now at Arsenal, claims he is owed £1.7m in image rights and bonus payments...
Portsmouth FC Appeal Dismissed By High Court
Tue 19th Jan 2010 | Administration
Breaking News: Portsmouth Football Club have appeal to overturn winding up order has been dismissed by the High Court. Portsmouth who are struggling in the Premier League face a winding up order after...
Watford Footall Club face Administration
Fri 18th Dec 2009 | Administration
Watford FC face administration after former Chairman, Jim Russo demanded the club repay a £4.88 million loan. The threat came after Russo resigned from the board along with Vince Russo and Robin...
