Oldham heading to administration? | PASOTI
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Oldham heading to administration?

This one looks quite serious, with a winding up petition from HMRC, in addition to the company owed 600k who’ve made the court order. Interesting comment from the radio 5 team discussing this. Their northern correspondent reckons more northern clubs could go broke over the next year, because no potential foreign owners are interested in clubs beyond the midlands. This follows a report we discussed on Pasoti a year or two ago about how there were too many clubs in the north to be economically sustainable.

Also worth remembering it is HMRC’s declared intention to wind a league club up, to bring all the other clubs who are slow payers of tax into line.

Perhaps our outpost status doesn’t look so bad after all.
 
Jan 17, 2017
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Bovey Tracey
Given it looks to be due to a debt owing to the company that own their ground I'm really chuffed HP is owned by the club.

So many clubs are evading FFP rules by selling their grounds, but surely they're just writing the story of their demise.

On a side note, there's a statement at the end of the report:

"Judge Eyre QC said he would have considered administration on Friday if a 12-point deduction had made an "absolute difference" to the sole relegation space in League Two. With the Latics currently 19 points above the drop, this was decided not to be the case."

Interesting the Judge made a decision based on the table, as to whether the points would relegate Oldham. Now, I would have assumed they would be more intent to dish out the administration if the club will survive in the league (to give it a value and chance to be rescued), rather than force a relegation on the club.

I wonder if there's an Oldham fan in that Judge...
 

Stuart House

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Jan 8, 2006
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Wait until you see who their proposed new owner is, to avoid admin.

You'd have to seriously consider admin as a better option!
 

pafcprogs

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Apr 3, 2008
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This seasons relegation will be interesting as Stevenage Macclesfield and now Oldham are all subject to possible points deductions...although the Stevenage one looks pretty tenuous...
 

Argyleloyal

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Stuart House":1j049hpc said:
Wait until you see who their proposed new owner is, to avoid admin.

You'd have to seriously consider admin as a better option!


Who is it?
 

Tugboat

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No sympathy