Category: Finance

Northampton Town: David Cardoza Helps The Police With Their Inquiries

When Northampton Town threatened to tumble into insolvency in the latter stages of last year, what occurred was neither sudden nor particularly unexpected. It had been apparent to supporters for some considerable time that something was not going according to what might have been expected behind the scenes at Sixfields, and although the club’s sudden lurch into the realms of not meeting its financial obligations on time felt incongruous in comparison with the team’s performance on the pitch, that club chairman David Cardoza might have been looking for an out from the club perhaps shouldn’t have been a seismic...

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Bolton’s (First) Day In Court Ends In A Goalless Draw

At the High Court in London this morning, Bolton Wanderers received a stay of execution against a winding up order brought against the club last month by HMRC. And here ends the good news for this particular football club at the moment. To clarify, this morning’s court decision was widely expected. It has become a pretty standard part of the pas de deux that seems to be performed between clubs and the taxman for clubs to be given a period of grace during which they can attempt to raise the funds in order to keep the wolves from the...

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Oxford City FC versus Oxford City Football Club Incorporated

The Southern division of the National League might not necessarily be the sort of place where one would expect to find stories of financial intrigue and sexual impropriety, but recent events concerning a now former director of Oxford City Football Club may well be causing raised eyebrows at the game’s governing bodies in this country as the American Securities and Exchange Commission announced fraud charges and a court-ordered asset freeze against a man who was a director of the club until six days ago, one Thomas Guerriero. The Securities and Exchange Commission is the American government agency responsible for...

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Bolton Wanderers: Cometh The Hour, Cometh the Taxman

Dark clouds are starting to form over the Macron Stadium at the moment. As if a dismal performance on the pitch isn’t enough for the embattled supporters of Bolton Wanderers to have to put up with, recent events off the field are also now adding to what is turning out to be an extremely unsettling end of the year for a club that was a member of the Premier League just three and a half years ago. With debts of £185m and the funding of benefactor Eddie Davies having dried up with alarming speed, the club has now been...

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Phil Gartside Is Unwell – The Continuing Decline Of Bolton Wanderers

This season, it can be said without too much fear of contradiction, has been a disastrous one for Bolton Wanderers. On the pitch, the team has managed just one win in all competitions – against Wolverhampton Wanderers, a little over two months ago – and sits one place off the bottom of the Football League Championship, having also been knocked out of the League Cup at the first hurdle, at home by League One Burton Albion. Manager Neil Lennon has been unable to arrest the team’s torpor, and the team returns from this international break with only the dismal...

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