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a way that was making sure it remained sustainable and debt free 4 lower down the pyramid the upcoming movements are plotted here good to see resurrection clubs afc telford and farsely on the way up it s interesting to note that ilkeston are listed as reinstated good news for their fans following their resurrection 5 but i wonder what for example king s lynn fans or grays athletic fans will make of the reinstatement decision finally i turn to a football story that is relevant to me in my immediate circumstances but which does not seem to have well covered by the english speaking media although due credit to yahoo sport 6 for being an exception the story quite simply is that a major derby match between rapid vienna and austria vienna was abandoned after 26 minutes following a major pitch invasion see here and here disturbing images that we hope we will not see moving further northwards and westwards after thirty minutes of disruption the police felt unable to guarantee the safety of the players in a resumed match we seem to have moved onward from such dark days in england and it was good to note the birmingham city fans staying on at white hart lane to show what they had in common with spurs fans 7 mind you i suspect that thursday night channel five is not really going to catch on on the terraces 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 broadcasting rights costs economic impact fans football conference governance merchandising premier league promotion pyramid movement relegation revenues sponsorship tagged broadcasting rights costs economic impact fans football conference governance merchandising premier league promotion pyramid movement relegation revenues sponsorship 2 comments the woking way trumping at the cards posted by john beech on august 24 2010 some news from woking that made even a jaded old observer such as myself sit up in his chair it wasn t the fact that chairman shahid azeem had quit 1 among concerns over the cards losses reported as 200 000 for last season or that benefactor chris ingram had stepped in again 2 to save the club these after all are not entirely unfamiliar stories at far too many clubs but first a little background woking joined the conference in 1992 after a little floating around the divisions of the isthmian league this led to a fine series of seasons on the nineties with regular appearances in the fa trophy which they won three times their first appearance on my radar screen came in february 2002 when they faced a serious financial crisis 3 debts were reported thus woking s trading company showed a deficit of 230 000 up to july 31 last year added to a 325 000 loss already visible on the balance sheet more crippling losses totalling 204 00 are understood to have been made so far in the current financial year the club issued 1 000 shares for 255 000 ingram acquiring 510 of them ingram a life long fan had recently sold his company tempus for more than 400million he commented at the time as i got closer i realised the club needed more business nous there is a shortage of that at this level not just here i m going to try to make it a sustainable business so if i m not here it can still work as that and resist pressure that supporters sometimes put on you to just spend spend there will be much tighter purse strings the authority to spend money will be narrowed down hugely again not a particularly uncommon state of affairs except perhaps the scale of his personal fortune in november that year the club went full time the ninth conference club to do so 4 in september 2007 the club got the go ahead for the redevelopment of their stadium ingram promised he would provide a stadium worthy of our fans community and town 5 in november the same year there was a structural re organisation ingram stepped back a bit becoming chairman of woking football club holdings limited while david taylor became chairman of the club 6 taylor adopted a hard line sacking manager frank gray and his assistant gerry murphy 7 and announcing that nothing will stop me being the chairman that takes this club into the football league 8 furthermore he declared i place on record if the next man doesn t deliver i will go as well 9 the following month kim grant was appointed manager 10 with taylor upping the ante thus i will go if we do not get promoted in three seasons grant found himself sacked in september after seven games of the new season 11 after a disappointing start taylor at this point offered to resign a move rejected by the board 12 shortly afterwards ingram really started to try and distance himself he was reported to be underwriting the club to the tune of 350 000 per season but said that he intended to stop carrying on with his support from may 2009 13 property developers banks and the recession were to blame for the lack of progress with the stadium redevelopment in november new commercial manager geoff chapple rubbished plans for the club to revert to a part time employment basis 14 a share offer was placed via the supporters trust 15 the following month spoke out in favour of regionalisation at the conference level commenting that 16 january saw a slight change in financial strategy in an interview taylor said the decision we ve taken is not to go fully part time but instead to focus on getting the best set of players we can within the playing budget regardless of whether they are full time or part time 17 by march last year there was talk of local businessman shahid azeem becoming involved in the club in some as yet unspecified way 18 although it would probably be at board level shortly afterwards taylor turned his attention back to the footballing side sacking the latest manager phil gilchrist 19 he explained the team weren t even sweating at half time that s not what i want from a club players who play for woking will play with pride and give everything i got my fellow directors together and asked them their opinion and as a board we made the decision at the end of the game ah the old sweat factor as the determinant of whether to sack someone else less than a fortnight later taylor announced his intention of sacking himself as soon as the club s long term future was clarified at the end of the season it was always my intention at some stage to stand down once the kim decision happened i ll stay on until something firm is place for this club 20 it had always been his intention to resign after sacking kim grant apparently he offered three reasons for his decision one is that i made a mistake i have to pay for that mistake and i have paid for that mistake every moment of every day for the whole of the season if anyone is in any doubt about that secondly i can sit and complain or i can actually get up and do something and i am now making sure the future of this club is a lot brighter than it has been for the last 12 years i ve been involved overseas and in this country speaking to potential purchasers and other shareholders the third reason is i do have to have some sanity back i cannot wait to be either just a director or just going back on the terraces the club meantime was moving towards relegation ingram then announced that he was giving the club back to the fans 21 a simple matter of him relinquishing his shares and fans buying them a current major shareholder peter jordan who had also helped bankroll the club in the past offered an interesting insight into how benefactors see themselves i do it as a hobby i don t drink i don t smoke this is how i spend my money there are lots of people out there who want to put money into the club in june 2009 taylor finally did stand down and shahid azeem was appointed chairman 22 ingram appears to have carried out his threat of withdrawing funding as in august it was reported that striker craig watkins had to pay his own transfer fee when joining the club 23 a year on and once again the club is in deep financial difficulty this year s loss is reported to be around 200 000 which ingram has had to step in and underwrite 24 azeem who had put his own money into the club during the past season had however lost the faith of the board and has gone 25 he defends himself nonetheless saying the club is now in a better financial position than when he came in 26 perhaps woking is in no particular way untypical of football clubs it certainly shows characteristics that are far from unknown a sugar daddy whose commitment varies over time a chairman who prevaricates over the right choice of manager but seemingly does know eventually who doesn t want a club losing money what then prompted me to sit in my chair well it was a matter of fact statement by azeem in defending himself tucked way in his comments was the following the club has not made a profit since 1991 let me just run that past you again with some melodramatic emphasis the club has not made a profit since 1991 1991 being a year before promotion to the conference my access to football clubs at woking s level is patchy and certainly doesn t go back twenty years is woking i wonder unique in its inability to break even or is it some kind of unfortunate record breaker it certainly is addicted to financial doping not in a pete docherty wild excess kind of way more in the way of someone who has become addicted to soft drugs over time and just can t stop is there any vestige of financial fair play when a situation like this just rolls on and on and on how can the decision to remain full time be reasonable if any sense of fair competitive balance is to be maintained how much longer can we hear that mantra that ambition leads to promotion which in turn leads to prosperity why does nobody seem to be too bothered with this situation 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 benefactors ethics insolvency ownership pyramid movement tagged benefactors ethics insolvency ownership pyramid movement 3 comments hmrc v sheffield wednesday posted by john beech on july 24 2010 sheffield wednesday are the latest club to face a winding up petition from hmrc 1 over a paye debt of 550 000 but sheffield wednesday is not your average club a founder member of the premier league its playing performance has been somewhat variable since relegated in 2000 it faced a further drop to league 1 in 2003 bounced back to the championship in 2005 only to be relegated again this summer in spite of this yoying which makes financial control a particular change the club had managed to turn a profit before tax in 2006 07 of 1 5m and in 2007 08 of 2 2m although worryingly the most recent figures for 2008 09 show a loss of 3 7m also worrying for the club is that the all important salaries wages ratio which for four consecutive seasons had been below the good practice mark of 60 leapt up to 73 on 2008 09 in the annual report for 2008 09 chairman lee strafford said sheffield wednesday is a good long term opportunity for investors who are focused upon developing the strategy that has now been put in place there are a number of possible investors looking at the plans and assessing the potential but your board has drawn up these plans with a view that the continuing support of the co operative bank and the other debt holders the club can be taken forward with or without investment this is a credit to the longer serving and former directors who have ensured that the club continued to remain within its agreed banking facilities which have been renewed until 31 december 2010 the group s net debt has been reduced by a further 0 3m during the year from cash generated from operating activities and player trading in the prior year this might be decoded as we want out we are beholden to the goodwill of our bank and that goodwill is being stretched the most recent data i have indicates that the club s debt to the co operative bank is just over 24m consisting of an overdraft of over 9m a loan for the training ground of over 9m and parked debt of over 5m i read reports on fans forums that the club s overall debt is over 30m for a club dropping to league 1 this is a very high level my research shows that clubs in league 1 generally begin to get into trouble when debt levels reach 1m and even for those in the championship the corresponding level is 3m if the club fails to pay hmrc before 11 august the date the winding up petition is due to be heard and it is far from clear at this stage that they will manage to the prospect of voluntary administration hoves into view with the prospect of new owners looking for a bargain price prospective owners there have certainly been of late the most recent being a long running and ultimately unsuccessful attempt by geoff sheard and a london based international consortium 2 key in negotiations is the 10 holding of wednesdayite the sheffield wednesday supporters society see here which is good news from the fans perspective however if the club were in administration this hardly puts them in a position of strength the implications of failing to beat ironically enough crystal palace on the last day of the season thus being relegated may prove far reaching one thing i have not mentioned so far is that last october the club won approval for an expansion of hillsborough from 39 000 to 45 000 seats due for completion by the end of 2013 and at cost of wait for it 22m for the record the average attendance last season when still in the championship was just above 23 000 comment is superfluous 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 2018 debts hmrc pyramid movement stadium trusts tagged 2018 debts hmrc pyramid movement stadium supporters trust 2 comments the top 91 clubs posted by john beech on may 29 2010 the uncertainty and overall shambles characterising the allocation of clubs next season in the non league divisions see appendix e tough love for salisbury city is in danger of spreading to the football league grimsby town together with darlington occupied the two bottom slots of league 2 at the end of the season just gone and are therefore relegated stockport county who finished bottom of league 1 and are thus destined for league 2 this coming season remain in administration having entered that state back in april 2009 football league rules state that a club cannot enter two consecutive seasons in administration and unless stockport county rapidly get their act together to come out of administration they will be ineligible to begin the coming season in league 2 perhaps not unsurprisingly grimsby town approached the football league to enquire whether stockport county s failure to come out of administration would mean they grimsby having finished bottom but one would then be reprieved the answer they received from the f...