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Search: 'administration'

Stories

Micky Adams interview

Micky Adams has led Leicester back to the Premiership, his third promotion, and City are out of administration, too. But Adams – who has had his share of managerial knocks – believes they could be a “yo-yo side” for a while longer. He spoker to Al Needham

Leicester’s promotion is the third of your managerial career. In view of their financial problems, is it the one you’re most proud of?
They’re all the same. They all mean as much to me and the fans. But the other two promotions [Fulham in 1996-97, Brighton in 2000-01] were with sides that I’d moulded myself. Here, I inherited a side and had to motivate them after the disappointment of relegation, which was a major achievement. The hardest thing about running City this season was going into administration, in October. People we knew and respected were losing their jobs. We were trying to keep the morale going all over the club.

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Barnsley breakaway

In South Yorkshire fans are copying AFC Wimbledon after becoming frustrated with directors, writes Joe Quimby

Disillusioned fans of Second Division Barnsley have formed a new club, taking its inspiration from AFC Wim­bledon. AFC Barnsley announced their intention to forge ahead on their own terms, following the move made by disenfranchised supporters of the London club, because of reservations over the intentions of the Reds’ new owners.

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Exeter, Huddersfield, Port Vale

Tom Davies explores the role supporters are playing in saving their clubs

The supporters’ group that has assumed con­trol at Exeter City is facing a sizeable battle to keep the club alive over the summer. Their relegation from the Football League on the last day of the season was swiftly followed by the arrest of chairman John Russell and vice-chair­man Mike Lewis over allegations of fi­nancial irregularities. The pair, who were bail­ed to return to police in September, prompt­ly stepped down, leaving the club’s reported debts at more than £2 million with creditors closing in.

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May 2003

Thursday 1 The FA is fined £70,000 for the pitch invasion and racist abuse at last month’s Euro 2004 qualifier with Turkey. UEFA also criticises David Beckham for his “provocative” goal celebration. England’s next match, against Slovakia, will not be played behind closed doors, however. Acting joint chief executive David Davies promises action: “We need to take this decision and use it to our benefit. There are people who have shamed this country, we all know that.” UEFA will also be sending a bill to Sir Alex, who’s fined £4,500 for claiming the Champions League draw was fixed. In the Conference play-offs, Dagenham beat Morecambe 2-1 and Doncaster draw 1-1 at Chester. Thierry Henry is named Footballer of the Year to add to the PFA award he won last week.

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Letters, WSC 196

Dear WSC
The letter from Joe Newman (WSC 195) claimed that only those managers who have sold their shares in the ProActive agency stand to financially benefit from transfers involving the players on the agency’s books: “You don’t make money from shares simply by holding on to them – the only way to benefit financially is by selling them.”
Sadly, it is this sort of view from a fan that concerns me about the level of ignorance of the financial state of football today. Clearly, if these managers have sold their shares in the business, they stand to make no further money from that business. But Joe is ignorant of the fact that shareholders also get paid dividends on their shareholdings. Surely exactly the point that the Football Confidential book was trying to get across?
Alfie Dunn-Lowes, via email

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