Louis Posted May 1, 2009 Report Share Posted May 1, 2009 Stockport go into administration League One side Stockport County have been placed in administration. In accordance with Football League rules, County are given a 10-point penalty and fall from 13th to 18th in league football's third tier. Chief executive Sean Connelly told BBC Radio Manchester: "I am absolutely gutted and frustrated. "We were so close to having everything put into place to guarantee a long-term future for the club but we don't know what's going to happen now." County now lie just three points above the relegation zone and need a draw in Saturday's final game of the season at Brighton to be mathematically certain of avoiding relegation to League Two. Sheff Hatter The 10-point deduction for Football League clubs entering administration was introduced in 2004, with Wrexham the first League team to suffer a deduction in the 2004/05 season. In 2007, the rule was amended so that clubs going into administration after the fourth Thursday in March would have the 10-point deduction suspended, but only if they are in the relegation zone. If they are outside the relegation zone, then the points are taken off straight away, even if it means they then drop into the relegation zone. Stockport have been fighting to stave off administration but their level of debt, with one creditor owed £300,000, has made it unavoidable. "We went so far, this morning, as to offer our creditors a large part of the payment directly into their account in earnest of our intent going forward but obviously that didn't get taken up," said Connelly. "To have the rug pulled from under us like this is simply soul destroying. I know the staff here are just destroyed by it." John Titley and Paul Reeves of Manchester-based accountancy firm Leonard Curtis confirmed that they had been appointed as joint administrators. "We are keen to work with the board to explore all possible solutions to ensure the club's future prospects are protected," said Titley. "We are extremely hopeful we will find a buyer for the club and are already aware of expressions of interest." Quote Link to comment Share on other sites More sharing options...
Jimmy the blue Posted May 2, 2009 Report Share Posted May 2, 2009 That is sad news Louis, incidentally you've entitled the piece Scunthorpe rather than Stockport (its called doing a Jamie), so I was hoping Tranmere would have qualified for the play offs.......................alas no Quote Link to comment Share on other sites More sharing options...
dark Posted May 28, 2009 Report Share Posted May 28, 2009 Southampton get more and more into the shit as they tell player they will not be getting a pay cheque. Southampton have been unable to pay their players or staff in May as their financial problems continue to mount, BBC Radio Solent understands. Office staff were told that their monthly salaries had not been paid at a meeting on Thursday BBC Sport Quote Link to comment Share on other sites More sharing options...
Jimmy the blue Posted May 28, 2009 Report Share Posted May 28, 2009 Southampton get more and more into the shit as they tell player they will not be getting a pay cheque. BBC Sport It is so sad, Soton were always there, never did much other than produce some really good players. Mick Channon, L Tis and many others. Bally played there, Jimmy Gabriel was in tears when he returned to GP with Soton but he still played like a tiger for them. There is possibly a warning for us all in this as they have taken a huge drop in standards since building that new ground. I hope that they come through but it seems bleak at the moment Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted May 28, 2009 Report Share Posted May 28, 2009 Southampton are in talks with two potential buyers so they should be OK soon. Quote Link to comment Share on other sites More sharing options...
zequist Posted May 29, 2009 Report Share Posted May 29, 2009 More lower division clubs with major problems. Now Accrington Stanley have been hit with a winding up order over £300,000 worth of unpaid taxes and insurance contributions, although the CEO thinks they'll find a way to survive: http://soccernet.espn.go.com/news/story?id...and&cc=5901 Only 1,415 fans per game? No wonder they're having problems. Quote Link to comment Share on other sites More sharing options...
Jimmy the blue Posted May 29, 2009 Report Share Posted May 29, 2009 More lower division clubs with major problems. Now Accrington Stanley have been hit with a winding up order over £300,000 worth of unpaid taxes and insurance contributions, although the CEO thinks they'll find a way to survive: http://soccernet.espn.go.com/news/story?id...and&cc=5901 Only 1,415 fans per game? No wonder they're having problems. They went to the wall last time, if they can't get the customers why bother? Le Tis is leading a take over of Soton, he is a true football man Quote Link to comment Share on other sites More sharing options...
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