SBD Global/March 27, 2013/Franchises

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  • Third-Tier Football Club Up For Sale, But CEO Says It's Not About Money

    League One Crawley Town CEO Richard Low said that owners are "not aiming to profit from selling the club," according to the BBC. The third-tier club confirmed that its owners were "ready to sell after three years in charge." Low said, "The owners realized it would cost an awful lot more than they thought it would to get promoted from League One. I genuinely believe if they found the right person to take the club forward making money wouldn't come into it." Crawley is currently owned by Susan Carter and her husband Ian, who run Gatwick-based company World Transhipment Services (BBC, 3/25). Low said, "This is not a 'fire sale'. The current owners are still extremely committed to the club and will not be reducing their financial support until I find new ownership. In my opinion this club is an attractive proposition. We have no debt and a strong partnership with a supportive local authority that helps support the growth of the football club" (PA, 3/23).

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  • Scottish First Division Dunfermline To Go Into Voluntary Administration To Settle HMRC Debt

    Scottish First Division Dunfermline AFC is "applying to go into administration" as they attempt to settle a £134,000 ($203,117) debt with U.K. tax authority HMRC, according to the Scotland DAILY RECORD. The "crisis-hit first division club confirmed the move" Tuesday afternoon after a lengthy meeting between Professional FA Scotland, players, staff, Dunfermline Football Dir Jim Leishman and Manager Jim Jefferies. Leishman revealed that "some fans had put up money to appoint an administrator in a bid to avoid liquidation." A group of supporters have agreed to help underwrite the appointment of an administrator and a court hearing "will now be held to determine whether the application is successful." The appointment of an administrator "would offer the Pars protection from creditors while allowing the club to continue trading" (DAILY RECORD, 3/26). Leishman said, "There is a group of Dunfermline Athletic supporters who have underwritten the administrator's fees, which is great. So we are back in the game. It was either liquidation where you are done and dusted, and you have nothing. But we are giving it a chance" (IRISH INDEPENDENT, 3/26).

    SEEKING CLARITY: FOOTBALL UK reported Dunfermline have approached PKF's Bryan Jackson to conduct the administration process, "but the appointment will need to be approved" at the Court of Session in conjunction with HMRC. Jackson's previous tasks "have included similar roles at Clyde, Clydebank, Motherwell, Dundee and Portsmouth." PFA Scotland CEO Fraser Wishart welcomed the move as it averted the "calamitous" prospect of liquidation, "for the time being at least." Wishart: "At least there is some kind of clarity to the situation and we welcome that. I'm pleased it's Bryan Jackson, somebody I have worked with many times before and who knows the football game inside out" (FOOTBALL UK, 3/26). The BBC reported Dunfermline captain Jordan McMillan said that "the last few months have been 'horrible' for Pars players and remains worried some could lose their jobs." McMillan said, "That's something we don't want to see. We're powerless and just have to get on with the task in hand" (BBC, 3/26).

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