Super Posted September 16, 2020 Report Share Posted September 16, 2020 Been wound up in the high court. Link to comment Share on other sites More sharing options...
Bristol Rob Posted September 16, 2020 Report Share Posted September 16, 2020 1 minute ago, Super said: Been wound up in the high court. They've been a car crash for a couple of seasons, but it's never good to hear, hopefully the fans can build something from the ashes. Link to comment Share on other sites More sharing options...
Leveller Posted September 16, 2020 Report Share Posted September 16, 2020 Apparently the petition has been going since early 2019 and has been adjourned twelve times. Link to comment Share on other sites More sharing options...
Admin phantom Posted September 16, 2020 Admin Report Share Posted September 16, 2020 Macclesfield Town Football Club has been wound up in the High Court over debts totalling more than £500,000. Judge Sebastian Prentis made a winding-up order during a hearing in the Insolvency and Companies Court after being told £190,000 was owed in tax. In addition, a solicitor for John Askey said the National League club's ex-manager was owed £173,000, while a financial lender was owed the same sum. The club's owner Amar Alkadhi had asked for a further eight-week adjournment. The petition, which had been adjourned for a 12th time last week, began in January 2019 and was scheduled to be heard again on Wednesday after Alkadhi claimed that a sale to Robert Benwell was at an advanced stage. Benwell, who previously tried to buy Bury, was not mentioned in court on Wednesday by Alkadhi's lawyer, who asked for a further eight weeks to allow a sale to go through. The judge later said that a business plan from Benwell had not been put forward to the court, however. The court was told that Alkadhi understood the amount due to creditors was actually just £4,000, had made a late offer to pay an initial £20,000 of the debt owed to HM Revenue & Customs and had made available a screenshot of a bank statement with £1.1m of funds to show that creditors could be paid. However, Judge Prentis said he would grant a compulsory order, saying "nothing gives me comfort that the club can pay its debts in a reasonable period" and that there had been "ample opportunity" for Alkadhi to pay off creditors. He went on to say that he did not been told by Alkadhi where the £1.1m had come from or why outstanding debts had not already been paid. TAKEN FROM: https://www.bbc.co.uk/sport/football/54177582 Link to comment Share on other sites More sharing options...
wayne allisons tongues Posted September 16, 2020 Report Share Posted September 16, 2020 Quite sad, but has been coming. Debts aren’t huge £500k makes you wonder how some clubs with bigger debts and court appearances survive. Link to comment Share on other sites More sharing options...
Eastside Moonwalker Posted September 16, 2020 Report Share Posted September 16, 2020 Think there are going to be many more sadly Link to comment Share on other sites More sharing options...
Baba Yaga Posted September 16, 2020 Report Share Posted September 16, 2020 From that article it sounds like they were bought by a very dodgy person, not sure how long he had owned them for though and if they had spent big to get out of the conference? Apparently Southend have just had a winding up petition adjourned for the 4th time. Don't believe they have had any points deductions though so hopefully they can hang on? Link to comment Share on other sites More sharing options...
GrahamC Posted September 16, 2020 Report Share Posted September 16, 2020 23 minutes ago, Bristol Rob said: They've been a car crash for a couple of seasons, but it's never good to hear, hopefully the fans can build something from the ashes. Absolutely. Pretty obvious last season with the multiple points deductions for financial breaches & the players & managers (past & present) going unpaid that things were very wrong there. Though also the case that clubs at our level are only using really dubious means to pretend they are solvent. Link to comment Share on other sites More sharing options...
wayne allisons tongues Posted September 16, 2020 Report Share Posted September 16, 2020 4 minutes ago, Baba Yaga said: From that article it sounds like they were bought by a very dodgy person, not sure how long he had owned them for though and if they had spent big to get out of the conference? Apparently Southend have just had a winding up petition adjourned for the 4th time. Don't believe they have had any points deductions though so hopefully they can hang on? They were relegated to the Conference instead of Stevenage end of last season due to points deductions. Link to comment Share on other sites More sharing options...
Shaun Taylor Posted September 16, 2020 Report Share Posted September 16, 2020 Another sad day for football nobody wants to see any club get wound up and sadly it could be the start of many if long term normal crowds aren't allowed back into the grounds Link to comment Share on other sites More sharing options...
Fordy62 Posted September 16, 2020 Report Share Posted September 16, 2020 My local club’s star striker was signed by Macclesfield earlier this week! Super Jason Cowley. Bromsgrove Sporting legend. 90 goals in 100 games. Link to comment Share on other sites More sharing options...
Baba Yaga Posted September 16, 2020 Report Share Posted September 16, 2020 47 minutes ago, wayne allisons tongues said: They were relegated to the Conference instead of Stevenage end of last season due to points deductions. I meant Southend who did terrible in league one (can't remember any team having a worse season in the 3rd tier) but I don't remember them having any points deducted. Hopefully they're not next to fall! Link to comment Share on other sites More sharing options...
BetterRedthanBlue Posted September 16, 2020 Report Share Posted September 16, 2020 I did find this on their Wikipedia article. Macclesfield haven't been run sustainable iirc their budget for their promotion season was basically shit or bust. Link to comment Share on other sites More sharing options...
'Orns Posted September 16, 2020 Report Share Posted September 16, 2020 43 minutes ago, Fordy62 said: My local club’s star striker was signed by Macclesfield earlier this week! Super Jason Cowley. Bromsgrove Sporting legend. 90 goals in 100 games. That seems overly optimistic knowing they were about to go to court and owed £500k! Link to comment Share on other sites More sharing options...
BigTone Posted September 16, 2020 Report Share Posted September 16, 2020 1 hour ago, Eastside Moonwalker said: Think there are going to be many more sadly Spot on Link to comment Share on other sites More sharing options...
Hampshire reds Posted September 16, 2020 Report Share Posted September 16, 2020 would be nice if sol Campbell could try and help them out. Link to comment Share on other sites More sharing options...
BigTone Posted September 16, 2020 Report Share Posted September 16, 2020 Sad day as no one likes to see a club go bust. Problem is, who will buy a club during a pandemic that curtails your main income stream of fans paying to watch. Sadly, many more clubs will follow the same route IMO. Football as we know it has/will change forever. For better or worse I suppose time will tell. In the meantime my heart goes out to those Macclesfield fans mourning the loss of their club. Link to comment Share on other sites More sharing options...
Baba Yaga Posted September 16, 2020 Report Share Posted September 16, 2020 Since I have seen that there are some people on here that really love accounts... Looking at Macclesfield's first season back in the FL, it looks like they lost between 500-600k that season (my best guess from retained earnings) and looking back through previous years it looks like they overspent getting promoted after having manageable losses prior to this. Their owner had the club since at least 2015 so I don't think he was doing a Bury, maybe he just took it too far going after success and ended up getting into more debt than he could afford. Link to comment Share on other sites More sharing options...
BigTone Posted September 16, 2020 Report Share Posted September 16, 2020 5 minutes ago, Hampshire reds said: would be nice if sol Campbell could try and help them out. Isn't he the ex manager owed £173k ? With an estimated nett worth of £55m I doubt he could afford to write it off !! Link to comment Share on other sites More sharing options...
Northern Red Posted September 16, 2020 Report Share Posted September 16, 2020 4 minutes ago, Hampshire reds said: would be nice if sol Campbell could try and help them out. I doubt it. They owed him £180k in unpaid wages. Link to comment Share on other sites More sharing options...
Northern Red Posted September 16, 2020 Report Share Posted September 16, 2020 Just now, BigTone said: Isn't he the ex manager owed £173k ? With an estimated nett worth of £55m I doubt he could afford to write it off !! That's John Askey. Ex player, manager and club legend. Link to comment Share on other sites More sharing options...
BigTone Posted September 16, 2020 Report Share Posted September 16, 2020 24 minutes ago, Northern Red said: That's John Askey. Ex player, manager and club legend. Apologies to Sol, I stand corrected Link to comment Share on other sites More sharing options...
fgrsimon Posted September 16, 2020 Report Share Posted September 16, 2020 1 hour ago, Baba Yaga said: I meant Southend who did terrible in league one (can't remember any team having a worse season in the 3rd tier) but I don't remember them having any points deducted. Hopefully they're not next to fall! Yet they still managed to beat the Gas! Link to comment Share on other sites More sharing options...
Porto Red Posted September 16, 2020 Report Share Posted September 16, 2020 Alkhadi? Or Al-Qadi? You're next, gasheads Link to comment Share on other sites More sharing options...
Lrrr Posted September 16, 2020 Report Share Posted September 16, 2020 Shamefully on the 4th row of news on bbc sport front page, lower down than highlights of England cricket, links to radio for domestic cricket and a video of a 16 year old man city lad Link to comment Share on other sites More sharing options...
Middlesbrough Robin Posted September 16, 2020 Report Share Posted September 16, 2020 2 hours ago, Fordy62 said: My local club’s star striker was signed by Macclesfield earlier this week! Super Jason Cowley. Bromsgrove Sporting legend. 90 goals in 100 games. From being born in Bristol to ending up north (I actually live north of Middlesbrough now but cannot be bothered to change my username) I lived next to Bromsgrove for 17 years and used to be a regular at Bromsgrove Rovers and then Bromsgrove Sporting games. Jason Cowley is a cracking player and I am surprised that he didn't do better out of his move to Stevenage. Wrong place, wrong time then, and now in an even worse place... He has a very direct high energy style that I thought might have even got him to League 1 level. Link to comment Share on other sites More sharing options...
Bar BS3 Posted September 16, 2020 Report Share Posted September 16, 2020 Very sad news for the club and their supporters. I wouldn't wish any club folding, on anyone. Apart from Rovers, obviously. The sooner they crash out of existence the better..! Link to comment Share on other sites More sharing options...
Fordy62 Posted September 16, 2020 Report Share Posted September 16, 2020 9 minutes ago, Middlesbrough Robin said: From being born in Bristol to ending up north (I actually live north of Middlesbrough now but cannot be bothered to change my username) I lived next to Bromsgrove for 17 years and used to be a regular at Bromsgrove Rovers and then Bromsgrove Sporting games. Jason Cowley is a cracking player and I am surprised that he didn't do better out of his move to Stevenage. Wrong place, wrong time then, and now in an even worse place... He has a very direct high energy style that I thought might have even got him to League 1 level. A mate of mine went to see JC when he played for Stevenage. They were just pumping it long to him apparently. He’s not the tallest so stood no chance. I thought he’d do well too. Though my he’d be a good signing for the blue few. Where in Bromsgrove were you? I’ve got a lot of love for sporting. They really helped me through the darkest days of LJ. Can’t wait to get back down the Victoria Ground! Link to comment Share on other sites More sharing options...
winsaw Posted September 16, 2020 Report Share Posted September 16, 2020 2 hours ago, Hampshire reds said: would be nice if sol Campbell could try and help them out. Campbell was one of the 3 creditors who brought the winding up order I saw as he was owed 170k in wages, do not like him for doing this can't believe a ex premier footballer needs the money that badly , Link to comment Share on other sites More sharing options...
winsaw Posted September 16, 2020 Report Share Posted September 16, 2020 2 hours ago, Northern Red said: That's John Askey. Ex player, manager and club legend. Peace in the guardian saying he owed 180k to Campbell , maybe he owed both lots of money Link to comment Share on other sites More sharing options...
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