Search: 'administration'

Update on clubs in crisis, Tom Davies reports

How do you solve a problem like Leeds United? Reeling from relegation, fans have spent the subsequent weeks wondering who will control their club in League One. After much wrangling, Ken Bates has secured the 75 per cent backing needed from creditors for his newly formed company, Leeds United Football Club Limited, to take over and bring the club out of administration, though the deal will not be finalised until the Football League are satisfied that all “football debts” are met in full. Other creditors stand to receive just an ­eyebrow-raising 1p in the pound.

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Tuesday 1 Liverpool beat Chelsea on penalties to reach the Champions League final. “In extra time we were the only team who tried to win,” says José, pouting more than ever. Joey Barton is suspended by Man City for a training‑ground fight with team‑mate Ousmane Dabo. The FA are to investigate Oldham chairman Simon Blitz, who made a £500,000 loan to Queens Park Rangers.

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Sunday 1 “As the beaten team, you think all kinds of sinister motives,” says Steve Coppell, one step away from blaming the CIA for Robbie Keane’s disputed penalty as Spurs move up to sixth with a 1-0 home win against Reading. DJ Campbell scores twice as Birmingham defeat Coventry 3-0 to go back into second in the Championship. Hearts beat Hibs 1-0 at Easter Road.

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Neil Wallace on the year Bolton hit a ton, Man City managers came and went, and the players' union threatened a strike

The long-term significance
Expanding revenues from television became a source of conflict, with footballers pushed towards industrial action for the first time since the abolition of the maximum wage. In the summer of 1996, the Football League sought to reduce the share of the new TV deal that would go to the PFA. With over 90 per cent of the union’s members voting for a strike in October, the League finally agreed to their demand for five per cent of the income; the Premier League came to a similar agreement a year later. In 2001, however, strike action was threatened again before the PFA succeeded in holding on to five per cent of the next, hugely increased, Sky deal. And with the figures becoming ever greater, the strike threat of 1996 could recur again and again.X

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A season ruined by a controversial points deduction. David Wangerin writes

A club unable to balance their books is nothing new to football; start with Chelsea and work your way down. In the case of Scarborough, though, there has been no Russian tycoon to underwrite their bid for glory and overspending problems have left the club languishing in administration for the past several years. This was converted into a Company Voluntary Arrangement (CVA) last May, just before the Conference’s AGM.

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