Search: 'administration'

Bury are dropping through the leagues and fast. Chris Bainbridge explains why his club are struggling so badly, and how the somehow managed to avoid relegation to the Conference this term

Bury have had a dramatic decline in the past three years or so. What are the main reasons for this?
Money, money and money – a lack of it. Bury’s surge to Division One was bankrolled by millionaire stockbroker Hugh Eaves, but then he got caught up in a scandal. We were forced to sell a raft of good players (such as Dean Kiely, Paul Butler and David Johnson) just to keep going. Two relegations and a spell in administration later, we’re now well on the way to rebuilding ourselves as a community-based club through the “Forever Bury” supporters’ trust. But we now know through bitter experience the dangers of relying on one person. Chelsea beware…

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After years of belt-tightening regimes, Cardiff City have been on one long spree lately and Andrew Turton wonders what Sam Hammam's numbers will add up to in the end

Tony Clemo struggled for years to keep it under control. Rick Wright wouldn’t even consider it. Samesh Kumar made sure it never got out of hand and Steve Borley used his own money, rather than risk its effect on the club. Yes, we’re talking about debt; more specifically, Cardiff City’s debt. In years gone by, we used to worry if the club’s borrowings reached a few hundred thousand. Now, after a decade of chair- men keeping a tight grip on the purse strings, Sam Ham­mam’s policy regarding debt is quite the opposite.

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They wanted to stop the club going under; so they try heading down under. Neil Forsyth reports on how the Tynecastle board, not content with just selling their ground, were thwarted

Fans of Heart of Midlothian have grown used to controversy this season, with an attempt by the board to sell their Tynecastle home and become match-day tenants at Murrayfield, the home of Scottish rug­by. It is a suggestion prompted by the club’s ludicrous levels of debt, reported to have reached around £18 million, which would be perhaps halved by the sale of the ground.

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As the final stage of the absurd reinvention of Wimbledon in Milton Keynes moves closer, Ian Pollock points the finger at those who failed to protect football in south-west London

It’s nearly two years since the Football Association’s infamous three-man commission approved the move of Wimbledon Football Club from south-west London to Milton Keynes. After staggering around like a zombie in a graveyard for most of that time, the club now appear to have overcome the main hurdles to establishing themselves in their new home and springing back to life. The acceptance by creditors on March 18 of a company voluntary arrangement means that WFC may finally come out of administration on April 6, subject to final approval by the Football League.

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At face value, it has possibly been Livingston's most successful season ever. The semi-finals of the Scottish Cup, winners of the League Cup and a decent-looking league finish are not enough to cheer up their fans, though, as they face administration, Neil White reports

His side had just reached the semi-finals of the Scottish Cup and won the CIS League Cup, their first major trophy, yet the man I know only as “Deasel” sounded de­pressed. It was understandable. Deasel supports Livingston.

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