Meta tags:
description= 6 posts published by John Beech during March 2011;
Headings (most frequently used words):
share, this, football, of, the, management, at, on, recent, club, and, archive, for, march, 2011, commentary, over, 160, english, clubs, by, dr, john, beech, winner, fsf, writer, year, award, 2009, 10, twitter, johnbeech, curator, scoop, it, finance, posts, updates, quick, searches, archives, site, stats, email, subscription, top, clicks, also, available, jb, daily, textbooks, meta, subscribe, when, is, its, most, vulnerable, fickle, fate, managers, open, season, interns, onward, upward, portsmouth, argyle, directors, finally, admit, defeat, trouble, rossendale, united, rothwell, town,
Text of the page (most frequently used words):
the (365), and (122), club (84), that (82), for (73), this (54), have (53), are (40), been (39), new (38), was (36), football (34), not (33), has (31), 2011 (31), with (29), town (29), share (28), #united (28), they (27), will (26), there (25), had (25), city (25), but (24), from (22), would (21), who (20), march (20), which (19), 2010 (19), management (18), opens (18), window (18), their (17), see (15), company (15), out (15), now (13), may (13), league (13), 2009 (13), 000 (13), manager (13), update (13), posted (12), reddit (12), facebook (12), administration (12), being (12), just (12), time (12), can (12), any (12), one (12), more (11), last (11), latest (11), two (11), february (11), sale (11), all (11), clubs (11), fans (11), these (11), hmrc (11), some (11), portsmouth (11), comments (10), ownership (10), debts (10), connolly (10), here (10), what (10), you (10), argyle (10), players (10), 2012 (10), when (9), over (9), news (9), due (9), monies (9), paid (9), were (9), good (9), case (9), those (9), john (9), season (9), governance (9), report (8), course (8), situation (8), said (8), well (8), plymouth (8), make (8), recent (8), athletic (8), get (7), like (7), its (7), into (7), rossendale (7), games (7), made (7), come (7), about (7), take (7), year (7), very (7), his (7), board (7), first (7), three (7), team (7), beech (7), administrator (7), directors (7), too (7), even (7), fact (7), look (7), owners (7), him (7), pompey (7), ian (7), coventry (7), site (6), tagged (6), financial (6), loading (6), announced (6), end (6), years (6), then (6), rather (6), november (6), january (6), going (6), how (6), though (6), many (6), also (6), long (6), full (6), insolvency (6), training (6), weeks (6), current (6), human (6), premier (6), chelsea (6), need (6), association (6), place (6), sampson (6), person (6), fit (6), rovers (6), subscribe (5), other (5), blog (5), clear (5), rothwell (5), them (5), total (5), after (5), seems (5), much (5), manchester (5), find (5), april (5), following (5), reported (5), put (5), business (5), term (5), david (5), week (5), least (5), stadium (5), funds (5), finally (5), little (5), might (5), period (5), back (5), construct (5), july (5), think (5), udinese (5), august (5), organisational (5), culture (5), resource (5), cole (5), incident (5), proper (5), wrexham (5), september (5), account (4), doping (4), benefactors (4), less (4), events (4), sold (4), money (4), far (4), home (4), lack (4), involved (4), exactly (4), ago (4), debt (4), beginning (4), than (4), cause (4), wages (4), supporters (4), agreed (4), change (4), local (4), pay (4), things (4), appointment (4), appointed (4), chairman (4), fan (4), enough (4), certainly (4), does (4), through (4), shares (4), late (4), hope (4), peter (4), questions (4), court (4), given (4), six (4), happened (4), likely (4), enter (4), hands (4), terms (4), quite (4), such (4), still (4), gaydamak (4), park (4), result (4), advise (4), sort (4), should (4), chainrai (4), cost (4), police (4), general (4), follow (4), four (4), payments (4), public (4), intern (4), really (4), himself (4), northampton (4), changes (4), october (4), registration (4), reform (4), system (4), twitter (4), email (4), june (4), december (4), afc (4), county (4), wordpress (3), com (3), log (3), already (3), cashflow (3), ground (3), benefactor (3), postings (3), north (3), next (3), feel (3), without (3), believe (3), amount (3), personal (3), committee (3), present (3), crisis (3), investor (3), brought (3), off (3), bill (3), probably (3), reports (3), month (3), having (3), major (3), totally (3), around (3), people (3), close (3), asked (3), doing (3), lost (3), ordinary (3), continuing (3), within (3), non (3), placed (3), live (3), while (3), challenge (3), longer (3), books (3), remains (3), ruled (3), education (3), normally (3), decision (3), suggests (3), why (3), staff (3), say (3), points (3), relegation (3), owed (3), bad (3), prospects (3), reading (3), pcfc (3), rate (3), figure (3), dispute (3), between (3), set (3), way (3), held (3), order (3), payment (3), respect (3), british (3), virgin (3), islands (3), issued (3), holdings (3), horizon (3), future (3), hand (3), must (3), championship (3), interesting (3), did (3), example (3), increasingly (3), only (3), progress (3), completion (3), relations (3), health (3), safety (3), ethics (3), before (3), cowan (3), ancelotti (3), disappointed (3), shot (3), someone (3), once (3), yes (3), careers (3), decent (3), sacked (3), our (3), win (3), boothroyd (3), fate (3), tests (3), resurrection (3), checks (3), available (3), test (3), 2013 (3), 2014 (3), wanderers (3), sheffield (3), liverpool (3), ilkeston (3), started (2), content (2), sign (2), subscribed (2), join (2), 129 (2), subscribers (2), raised (2), blogged (2), closer (2), information (2), kettering (2), bws (2), weymouth (2), passim (2), west (2), game (2), saturday (2), evening (2), interest (2), support (2), generally (2), considerable (2), where (2), free (2), taking (2), although (2), extent (2), statement (2), newspaper (2), forward (2), wants (2), worry (2), because (2), wage (2), cut (2), taken (2), sponsorship (2), summer (2), sponsor (2), since (2), nobody (2), bothered (2), cannot (2), businesses (2), lot (2), something (2), position (2), initially (2), went (2), 2003 (2), managers (2), nothing (2), resigned (2), seen (2), model (2), clearly (2), either (2), buy (2), success (2), balance (2), enormous (2), man (2), turned (2), word (2), conference (2), problem (2), proved (2), become (2), keep (2), posting (2), kevin (2), serious (2), further (2), down (2), pyramid (2), claim (2), welcome (2), updates (2), guilfoyle (2), selling (2), promote (2), unrealistic (2), previously (2), luton (2), crystal (2), palace (2), received (2), liquidation (2), possibility (2), charities (2), trust (2), body (2), young (2), perhaps (2), dimension (2), fight (2), japanese (2), investors (2), making (2), reaction (2), red (2), surely (2), earlier (2), trading (2), bank (2), frozen (2), reason (2), could (2), never (2), choice (2), winding (2), petition (2), former (2), control (2), ended (2), deduction (2), let (2), creditors (2), leave (2), owner (2), bournemouth (2), exeter (2), service (2), liquidators (2), own (2), prove (2), scrutiny (2), cases (2), storrie (2), wrong (2), thought (2), continues (2), andronikou (2), house (2), barclays (2), right (2), transfer (2), saga (2), inter (2), overdue (2), contract (2), withheld (2), fellow (2), matter (2), resolved (2), pfc10 (2), realised (2), assets (2), transferred (2), transparency (2), english (2), authorised (2), sports (2), asia (2), limited (2), 100 (2), balram (2), levi (2), kushnir (2), deepak (2), redgate (2), secretary (2), another (2), both (2), 445 (2), sky (2), tad (2), academy (2), teams (2), power (2), nevertheless (2), vat (2), surcharge (2), submission (2), successful (2), god (2), costs (2), played (2), higher (2), lunch (2), climate (2), thus (2), always (2), qpr (2), promoted (2), installment (2), third (2), yet (2), same (2), don (2), comes (2), final (2), makes (2), below (2), arrangement (2), downloadable (2), ltd (2), old (2), comment (2), youth (2), seriously (2), fine (2), silence (2), action (2), took (2), law (2), employment (2), tom (2), latter (2), investigation (2), shown (2), world (2), bring (2), speak (2), work (2), wouldn (2), angry (2), real (2), cobham (2), most (2), ashley (2), date (2), placement (2), thinking (2), scarborough (2), thing (2), accept (2), responsibility (2), happy (2), job (2), wanted (2), give (2), recruitment (2), process (2), squad (2), sacking (2), employee (2), seven (2), produce (2), form (2), light (2), previous (2), coach (2), ray (2), issues (2), aidy (2), fickle (2), effective (2), etc (2), accrington (2), stanley (2), aldershot (2), maidstone (2), examples (2), face (2), issue (2), run (2), golden (2), obvious (2), write (2), stories (2), king (2), rss (2), daily (2), links (2), scoop (2), finance (2), address (2), posts (2), fifa (2), worcester (2), albion (2), welling (2), rangers (2), salisbury (2), borough (2), forest (2), newcastle (2), hereford (2), folkestone (2), croydon (2), cardiff (2), cambridge (2), bristol (2), bradford (2), design, collapse, bar, manage, subscriptions, view, reader, privacy, picture, insufficient, cover, gone, imraan, ladack, flirted, unsuccessfully, possible, groundshare, anyone, sourceable, invited, add, section, alone, sufferers, george, rolls, quit, counties, suspended, fail, play, 5th, away, squires, gate, ramsbottom, cancelled, seem, nigh, investment, cease, exist, valley, ploughing, effort, stock, left, perilous, resignation, volunteer, marked, appears, outcome, true, revealed, published, website, database, rushed, nolan, redshaw, market, invest, straight, seeking, 2007, planned, unpaid, group, running, nonetheless, settle, deals, negotiated, acquired, disillusioned, per, cent, watching, force, watch, putting, few, supported, friends, soul, searching, rapidly, ideas, want, highest, ever, becoming, understandably, exasperated, bills, saw, relatively, grant, floodlights, commercial, wife, sandra, pressure, came, 2006, declan, callan, expressed, committment, pointed, doubtless, fortune, setting, unsustainable, unwilling, unable, continue, funding, deliberate, attempt, upset, competitive, personally, invested, 370, strain, main, hailed, suffering, classic, withdrawal, syndrome, saved, ruin, 1999, andrew, ironically, demolition, expert, goal, dreaded, ambition, inevitably, creeps, dale, faces, expulsion, fulfillment, matches, immediate, water, supply, straw, effect, struggling, hancock, fleet, ear, picked, sunday, pick, rye, pass, runcorn, linnets, concern, tend, across, laptop, screen, knowledge, happening, corrections, amplifications, investigates, trouble, distinct, intangible, geographical, location, potential, regrow, fanbase, encumbered, plans, brendan, finds, goes, level, wisdom, possibly, injection, 10m, needed, restore, stage, weren, litigious, yesterday, commission, investigate, loan, development, exists, footballers, oddest, tale, minute, against, odds, accountants, profession, known, prudence, realism, relieved, won, risk, participated, unclear, sent, prolonging, agony, building, knight, shining, amour, waiting, teased, hiding, ridsdale, eye, ball, focus, herrings, altogether, plot, apologies, horrendous, mixing, metaphors, sought, protection, pushed, defend, charge, insolvently, difficult, answer, occasion, gave, buying, buyer, seemed, observer, remain, intending, drew, faced, voluntarily, wait, press, led, friendly, creditor, oriented, pressing, surprisingly, chose, desperate, rearguard, declared, intention, attracted, virtual, certainty, admit, defeat, losing, touch, miserable, curmudgeon, notwithstanding, majority, unsecured, taste, coming, organisation, shaped, mid, cotterill, seemingly, roll, life, dare, 3cs, confidential, conduct, submitted, carrying, investigations, skeletons, lurking, cupboard, past, activities, subject, upcoming, tax, appear, redknapp, almost, 110, consultant, banker, bonus, whatever, contractual, agreement, strikes, benefiting, scale, preferential, 20p, 155, 211, includes, 135, 173, described, reviewed, twist, battle, legal, ghost, sascha, haunt, bitter, additional, implication, milland, 2004, use, car, earns, sulaiman, fahim, albeit, cards, ripe, toppling, endear, aware, initial, alexander, subrogated, security, totalling, 498, obtain, deed, release, necessary, ransom, 249, 064, therefore, sulley, muntari, impressive, standards, managed, cumulative, loss, 509, million, milan, 2008, 900, heavily, certain, calcio, italian, however, ongoing, courts, envisaged, until, pursue, entitlement, among, goodwill, listed, value, bit, estimate, details, pfc, distinctly, soon, break, cold, sweat, memories, falcondrone, portpin, helpful, eradicated, asap, capital, shareholder, hold, lampitt, confirm, wholly, owned, eclipse, inc, follows, ashok, patel, installed, 092, offices, grounds, hospitality, suites, minor, isn, ludicrous, gets, revenue, survived, spite, pressures, ninety, redundancies, inevitable, easy, forget, jobsite, signed, sponsors, reduced, favourable, compared, division, evidence, relationships, 224, incurred, return, currently, client, whilst, forwarded, love, playing, rationale, highlight, ignored, discrepancy, number, sure, europe, strugglers, demanding, breakfast, provided, food, drink, purchases, 494, cutting, choose, considered, charging, salaries, mahoto, nlundulu, subotic, jordan, hughes, papa, bouba, diop, hurst, cancel, contracts, reduce, criticism, greedy, tommy, smith, extra, 400, looks, prince, boateng, genoa, 750, plan, 325, 175, fourth, moral, highground, sums, reliant, problematic, occur, thoughts, italics, along, south, coast, better, thursday, uhy, hacker, administrators, dead, try, tattoos, wonder, included, name, voluntary, exit, confirming, move, compulsory, subsequently, state, geoffrey, carton, kelly, hudson, baker, tilly, joint, onward, upward, jolly, jape, involves, dart, player, injury, kind, behaviour, 250, salary, deafening, impediments, private, property, ass, opinion, utterly, absurd, employees, legally, protected, declined, file, criminal, complaint, staggering, hasn, detail, precisely, internal, half, chronic, understatement, specifically, aftermath, shame, able, trace, volumes, indifference, governing, bodies, condemn, death, imagine, moment, reversed, air, rifle, accidentally, everyone, laid, suggest, sorting, fined, sake, guys, workplace, obviously, read, important, discipline, observe, rules, mistake, sorry, kill, charges, thorough, didn, include, speaking, simply, beggar, belief, jargon, industrial, sandwich, typically, undergraduate, degree, programme, internship, gives, broader, enhances, student, she, graduated, gunfight, coral, open, interns, reasonable, approach, director, guilty, incompetence, principle, moved, sideways, ultimate, brutal, sack, ironic, christmas, unless, fairly, loyal, environment, created, anywhere, else, begin, search, attractive, detailed, assess, budget, recruit, doesn, easier, succeed, hoped, signs, improving, side, together, unacceptable, crucial, cardoza, defended, seventeen, failures, sets, unfairly, poor, results, draws, failed, posed, 1994, 449, caretaker, fresh, element, brushes, sweeping, clean, recently, five, ranson, unversed, vaguaries, sector, statements, confidence, infrequently, omen, whatsoever, supportive, produced, sixteen, pretty, justified, sense, emphasise, focusing, unaddressed, suspect, internally, unasked, chance, show, mettle, beyond, short, inherited, reasonably, expect, fault, doubt, answers, unequivocal, morning, announcement, brings, common, second, turn, piece, matt, scott, strands, incorporated, act, guardian, vital, oversees, teeth, dream, reformed, unreformed, pity, remove, worries, pray, delivered, ethical, benevolent, survives, worst, scenario, discontinuity, drastic, minded, introduction, rigorous, improve, difficulties, transition, advocates, introducing, bundesliga, seldom, explain, designed, registered, badly, under, inadequacies, agenda, commons, select, submissions, handing, repeated, uncertain, woefully, inadequate, amazingly, know, amazing, bear, self, evident, similarly, handed, wellbeing, significant, difference, earth, summarise, series, particularly, striking, similarity, concerns, seat, distinction, inevitability, systems, ensure, continuity, compromised, hinge, prepared, haven, trials, sheer, breaking, excellent, keeping, story, added, interpretation, grown, weary, wilder, intricacies, competition, arguably, sunshine, spared, stephen, vaughan, twohundredpercent, country, working, tirol, surprising, ways, precise, itself, sagas, radar, screens, several, towards, denouement, uncertainty, vulnerable, archive, entries, create, meta, extended, list, recommended, relevant, textbooks, automatically, generated, covering, clicking, online, download, cup, competitions, found, sport, none, top, clicks, 133, your, receive, notifications, subscription, soccer, topics, networkedblogs, germane, initiate, contribute, debate, welcomed, moderated, hours, 240, 119, hits, stats, archives, uefa, transfers, embargo, strategy, sanctions, revenues, movement, promotion, politics, merchandising, media, marketing, journalism, identity, history, globetrotterisation, economic, impact, corruption, community, chutzpah, censorship, broadcasting, rights, 2022, 2018, york, yeovil, wycombe, wolverhampton, woking, windsor, eton, wimborne, wigan, weston, super, mare, bromwich, watford, walsall, tranmere, tottenham, hotspur, swindon, swansea, sunderland, stoke, stockport, stafford, southport, southend, southampton, wednesday, rushden, diamonds, rotherham, rochdale, ringmer, redditch, racing, warwick, queens, preston, port, vale, poole, peterborough, oxford, oldham, nuneaton, notts, nottingham, norwich, northwich, victoria, newport, blue, star, nelson, millwall, middlesbrough, merthyr, tydfil, margate, macclesfield, lincoln, leyton, orient, lewes, leigh, rmi, genesis, leicester, leeds, kingstonian, lynn, kidderminster, harriers, ipswich, hyde, hull, huddersfield, hornchurch, histon, hinckley, havant, waterlooville, hartlepool, harlow, halifax, halesowen, grimsby, gresley, grays, glossop, gillingham, gateshead, fulham, green, invicta, flixton, fleetwood, fisher, farsley, celtic, farnborough, everton, ebbsfleet, eastwood, eastbourne, durham, dover, dorchester, doncaster, derby, darwen, darlington, dagenham, redbridge, cromer, crewe, crawley, clacton, chesterfield, chester, cheltenham, charlton, carlisle, canvey, island, canterbury, bury, burton, burscough, burnley, bromsgrove, brighton, brentford, avenue, boston, bolton, blackpool, blackburn, birmingham, billingham, bicester, bedford, barrow, barnsley, barnet, aston, villa, ashford, kent, arsenal, altrincham, wimbledon, telford, quick, searches, lever, political, interference, inconsistency, jack, frost, olympic, russo, scally, shooting, guns, darts, newest, broken, shall, especially, grumpy, afternoon, deconstructing, lorimer, goodbye, bluebirds, hello, dragons, uefanomics, round, turning, point, curse, part, parcel, modern, note, opening, worms, ready, onto, pitch, moving, sisu, forgetting, research, resources, overviews, courses, commentary, 160, winner, fsf, writer, award, johnbeech, curator,
Text of the page (random words):
d to cancel their contracts and thus reduce the club s wages bill there is a lot of criticism of players for being greedy clearly this is not always the case breakfast and lunch was also provided for the first team and the academy at the training ground the total cost of food and drink purchases in the period was 41 494 13 interesting that in a climate of cost cutting pompey did not choose to follow the example considered by chelsea of charging players training for their lunch 3 but pompey players are no longer on chelsea salaries police costs for the 2010 11 season were raised by the police due to the team being in the championship and as a result playing more games while the rationale is clear it does highlight in general a generally ignored discrepancy between the premier league and the championship the number of league games played in the season sure there are the games in europe for some pl teams but the players in the pl strugglers have a less demanding season than those in championship clubs for much higher wages there s something not quite right about this a vat surcharge of 23 224 63 was incurred for the late submission of the vat return for the period ended 30 november 2010 i have withheld these monies and they are currently being held in my client account whilst i challenge the surcharge if i am successful i advise these funds will be forwarded to pfc10 my god hmrc must just love pompey jobsite re signed as club sponsors but at a reduced rate because of the club s relegation nevertheless andronikou reports that the new figure as favourable when compared to other teams in the division some evidence for those who believe in the power of long term sponsor relationships there have been a total of ninety staff redundancies on the one hand this was inevitable but it is all too easy to forget the human cost to those involved the academy has survived in spite of all the pressures this has to be good news for the longer term future of the club sky tv was installed at a cost of 3 092 60 in the club s offices training grounds and hospitality suites a minor amount but isn t it a tad ludicrous that sky gets a revenue from clubs as well as from fans ownership details of pfc 2010 are authorised and issued share capital 1 000 000 ordinary 1 shares shareholder sports holdings asia limited hold 100 directors balram chainrai levi kushnir deepak chainrai david lampitt john redgate company secretary john redgate i confirm that sports holdings asia limited is a british virgin islands company wholly owned by another british virgin islands company horizon eclipse inc horizon horizon has 1 000 ordinary 1 shares both authorised and issued these shares are issued as follows balram chainrai 445 levi kushnir 445 deepak chainrai 100 ashok patel 10 this is not new information 4 and to me is distinctly bad news as soon as i see british virgin islands company i break out in a cold sweat too many too recent memories of falcondrone and portpin this lack of transparency is certainly not helpful and should be eradicated from english football asap among the assets transferred to the new company goodwill is listed at a value of 1 a bit of an over estimate some might think on the sulley muntari transfer saga as previously reported following the sale of sm to inter milan im in 2008 900 000 is now heavily overdue in respect of certain terms within the sale contract im had initially withheld these monies due to the fact that udinese calcio udinese a fellow italian team were due money by the club udinese have now been paid those monies by the pl however udinese believe that further monies are due this matter is in dispute and is ongoing in the courts it is not envisaged that im will make payment until the matter with udinese has been resolved i advise that pfc10 are now continuing to pursue these monies and have full entitlement to any monies realised in this respect just the sort of problem the new club would do without nothing to do with the fact that inter have managed a cumulative loss of 509 million over the last three years then 5 impressive even by pompey standards the ghost of sascha gaydamak continues to haunt the club on the dispute between the club and him andronikou comments as you are aware after the initial six month period the barclays bank balance was frozen as a result of alexander gaydamak s ag claim for a subrogated right of security on these funds at this time barclays held funds totalling 498 129 54 i advise that in order to obtain a deed of release for these funds it was necessary to pay a ransom payment to ag of 50 of the monies held i advise that a total of 249 064 77 was therefore paid to ag this bitter dispute has an additional implication for the club it continues to pay milland 2004 a gaydamak company for the use of the stadium car park the fact that gaydamak still earns from the club he set on the way to its current situation when he sold it to sulaiman al fahim albeit it was a house of cards ripe for toppling will not exactly endear him to the fans non preferential creditors who are being paid 20p in the were owed a total of 65 155 211 this includes 17 135 173 owed to hmrc a figure which is described as being reviewed is there still a twist to come in the battle with hmrc i had thought the figure had finally been agreed following hmrc s legal challenge peter storrie has been paid almost 110 000 as a consultant does he think he s a banker on a bonus whatever the contractual agreement and the going rate may or may not be it strikes me as quite wrong for him to be benefiting on such a scale from the club in administration a confidential report on the conduct of pcfc s directors has been submitted to the insolvency service and the liquidators of pcfc will be carrying out their own investigations they may well prove to be more skeletons lurking the cupboard good that the past activities of the pcfc board will be subject to scrutiny and of course there are the upcoming tax court cases storrie is due to appear in court in may redknapp in july the prospects of club as company see my 3cs model look good in terms of the organisation that the administrator has shaped for the new owners who those owners are even in the mid term are a cause for worry though the prospects for club as construct certainly look good look good with cotterill and the players seemingly on a roll so to any plymouth argyle fans reading this there is life after administration they might also look closer to home bournemouth and dare i say it exeter for cause for hope but never let it be said that i am losing my touch as a miserable curmudgeon though notwithstanding that all charities have now been paid in full the majority of unsecured creditors have lost 80 of the monies owed to them and this will leave a very bad taste for a very long time as will the fact that the club is coming out of administration and back into the hands of the owner who placed them there share this share on facebook opens in new window facebook share on x opens in new window x share on reddit opens in new window reddit like loading posted in debts hmrc insolvency ownership tagged debts hmrc insolvency ownership 3 comments argyle directors finally admit defeat posted by john beech on march 4 2011 the desperate rearguard fight by the plymouth argyle board to keep their control on trading has finally ended with the club going into administration 1 and 2 they had already declared their intention to enter administration 3 which attracted a 10 points deduction this season and the virtual certainty of relegation the reason they gave for buying time was to see if they could find a buyer a possibility that never seemed likely to this observer as the period in which they could remain is intending to enter administration drew to a close they were faced with a choice enter administration voluntarily where they would have some say in who was appointed as administrator or wait for hmrc to press for a winding up petition which would have led to a less friendly more creditor oriented administrator with hmrc pressing for a winding up petition not surprisingly they chose the former course this prolonging of the fans agony by building up hope that a knight in shining amour was just waiting to be teased out of hiding by peter ridsdale suggests to me that they had rather taken their eye of the ball started to focus on red herrings and altogether lost the plot apologies for that horrendous mixing of metaphors questions will surely be asked as to why they had not sought court protection earlier if pushed they may even have to defend a charge of trading insolvently this might be difficult to answer given that argyle s staff have not been paid for six weeks and the club s bank account had been frozen a week ago this not being the first occasion that had happened of late 4 perhaps the oddest dimension of this tale of a last minute fight against the odds is that three of the directors are accountants a profession normally known for prudence rather than a lack of realism they at least will be relieved that they had sold some of their shares to japanese investors so won t have had all their personal funds at risk the extent to which the japanese have participated in this week s decision making remains unclear as is their reaction to the news that the money they finally sent proved to be too little money too late 5 as if things weren t litigious enough it was announced yesterday that the charities commission is to investigate a loan made to the club by the plymouth argyle supporters training and development trust a body which exists to promote the training and education of young footballers 6 what brendan guilfoyle who has previously been the administrator at luton town and crystal palace finds as he goes through the argyle books remains to be seen the debt level by received wisdom is some 3m and possibly an injection of up to 10m is needed to restore the club to being a going business at this stage liquidation cannot be ruled out as a possibility while guilfoyle may well see the selling of the club as a distinct challenge he does have one intangible he can promote the geographical location of the club and the potential to regrow the fanbase he is also at least no longer encumbered with unrealistic plans for an enormous stadium see postings passim share this share on facebook opens in new window facebook share on x opens in new window x share on reddit opens in new window reddit like loading posted in debts hmrc insolvency tagged debts hmrc insolvency 3 comments trouble at rossendale united and rothwell town posted by john beech on march 1 2011 those who are fleet of ear will have picked up on sunday s 5 live investigates that rossendale united and rothwell town and to pick up on kevin rye s well placed pass not runcorn linnets have serious cause for concern clubs in crisis as you go further down the pyramid tend to be less well reported these two clubs have come across my laptop screen this last week but i would certainly not claim to have full knowledge of what is happening and would welcome any corrections updates or amplifications first up is rossendale united the club faces expulsion from the league for non fulfillment of matches 1 the immediate problem is that the club s water supply has been turned off 2 which proved to be the last straw for the three fans who in effect had become the management team struggling to keep the club going see also here posting by david hancock the club is suffering from a classic case of bws benefactor withdrawal syndrome the club had been saved from financial ruin in 1999 by local benefactor andrew connolly who ironically is a demolition expert his long term goal was and here the dreaded a word ambition inevitably creeps in to take the club to the conference 3 as he put it at the time if it s good enough for manchester united it s good enough for dale initially things went relatively well with a grant for new floodlights 4 and the appointment of a commercial manager 5 by 2003 connolly and his wife sandra were beginning to feel the pressure though and a new board was appointed 6 managers came and went nothing out of the ordinary there then but in 2006 the chairman declan callan who had been hailed as the man who turned the club around resigned 7 connolly expressed his continuing committment to the club and pointed out i have personally invested 370 000 into the club which has put enormous strain on my main business 8 many a fan would have doubtless seen this as rossendale united s good fortune but i would see it as the setting up of a business model that would clearly be unsustainable if connolly was either unwilling or unable to continue this funding it would also see it as financial doping the deliberate attempt to buy success and upset the competitive balance within the league by the end of that year connolly was becoming understandably exasperated he said he would pay the bills for the very last time 9 this is how he saw the situation i am lost for ideas for the club no local businesses want to get involved but we are now probably in the highest position that we have ever been my company has put 40 000 in since january and i am totally disillusioned there are around 67 000 people in rossendale and we get around 0 05 per cent of them watching the football nobody is bothered i cannot force people to watch or get involved and i will probably be putting the club up for sale few other businesses have supported the club and close friends have asked me what i am doing i am not going to cut the wage bill but i am doing a lot of soul searching and something has to change rapidly by march 2007 the wage bill had been planned for a cut of probably 70 10 and in april there were reports of unpaid wages 11 the following month a supporters group was reported as having taken over the running of the club 12 and connolly had agreed nonetheless to settle the clubs debts sponsorship deals were negotiated 13 and 14 and the following summer the club acquired a major new sponsor 15 in november 2009 connolly announced the club was up for sale 16 he was seeking a new investor to take the club forward connolly announced any investor who wants to come here can invest straight into the club and not worry about any debts because it s all paid off 17 no investor seems to have rushed forward and in february 2010 connolly brought in nolan redshaw to market the sale of the club 18 the resignation of the then volunteer management committee 19 seems to have marked the beginning of the present crisis although this appears to have been much more an outcome of the situation rather than a cause the true extent of the crisis was revealed in a statement at the end of february 20 connolly made a statement which was published on 25 february in the manchester evening news i can t find it on their website but i have it from a newspaper database in which he said after taking stock of the situation at rossendale unite...
|
