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 Oxford United in Financial woes

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argyl3

argyl3

Posts : 840
Join date : 2013-04-02
Location : Down West

Oxford United in Financial woes Empty
PostSubject: Oxford United in Financial woes   Oxford United in Financial woes EmptyThu Apr 04, 2019 11:58 am

https://www.oxfordmail.co.uk/news/17550503.oxford-united-served-with-winding-up-petition-from-landlords-firoka/
https://www.oxfordmail.co.uk/sport/oxfordunited/usnews/17543082.oxford-united-settle-overdue-wages-for-staff/

Winding up order (5 Now I think) in one season, and with that about staff being paid late in March as well.

Hopefully this isn't another club being run badly, they are supposed to be minted (Or at least their owner is)

I reckon they will go into Admin either before the season ends or during close season when money is really tight.
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Hugh Watt



Posts : 5350
Join date : 2012-01-08
Location : Over there....

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PostSubject: Re: Oxford United in Financial woes   Oxford United in Financial woes EmptyThu Apr 04, 2019 1:35 pm

I bet they pay their administrators and I bet the staff get paid their wedge straight away. I bet unsecured creditors get more than 0.6pence in the pound.
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Bob Crow

Bob Crow

Posts : 781
Join date : 2018-05-12
Location : Same place as the past 38 years, Being spyed on by the state (and now others)

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PostSubject: Re: Oxford United in Financial woes   Oxford United in Financial woes EmptyThu Apr 04, 2019 1:57 pm

Bolton are knee deep in the brown stuff too. Players refusing to train as the club's admin staff have not been paid.
£1.2m tax liability due next week or they face a winding up petition by HMRC.
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Punchdrunk

Punchdrunk

Posts : 1170
Join date : 2016-02-18

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PostSubject: Re: Oxford United in Financial woes   Oxford United in Financial woes EmptyThu Apr 04, 2019 6:33 pm

Bob Crow wrote:
Bolton are knee deep in the brown stuff too. Players refusing to train as the club's admin staff have not been paid.
£1.2m tax liability due next week or they face a winding up petition by HMRC.

Sounds like they need some charity nights to raise some cash and free buses laid on.

I know just the man.

lol! laugh
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zyph

zyph

Posts : 9767
Join date : 2014-03-02
Age : 80

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PostSubject: Re: Oxford United in Financial woes   Oxford United in Financial woes EmptyFri Apr 05, 2019 8:21 am

Hugh Watt wrote:
I bet they pay their administrators and I bet the staff get paid their wedge straight away. I bet unsecured creditors get more than 0.6pence in the pound.


0.06% in the pound actually
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Hugh Watt



Posts : 5350
Join date : 2012-01-08
Location : Over there....

Oxford United in Financial woes Empty
PostSubject: Re: Oxford United in Financial woes   Oxford United in Financial woes EmptyFri Apr 05, 2019 8:35 am

zyph wrote:
Hugh Watt wrote:
I bet they pay their administrators and I bet the staff get paid their wedge straight away. I bet unsecured creditors get more than 0.6pence in the pound.


0.06% in the pound actually

Pence in the pound you mean.
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harvetheslayer

harvetheslayer

Posts : 4519
Join date : 2015-04-02
Age : 28
Location : Behind you Jameson....

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PostSubject: Re: Oxford United in Financial woes   Oxford United in Financial woes EmptyFri Apr 05, 2019 8:53 am

it worked out to 7/10th of one penny in the £ in the end as the pitch installers were paid £3,500 for a £500,000 pitch.
Unbelievably they've kept on servicing the pitch since then despite Brent shafting them
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Earwegoagain

Earwegoagain

Posts : 4640
Join date : 2017-09-09

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PostSubject: Re: Oxford United in Financial woes   Oxford United in Financial woes EmptyFri Apr 05, 2019 12:51 pm

£650k pitch.
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Chemical Ali



Posts : 6831
Join date : 2011-05-10
Age : 42
Location : Plymouth

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PostSubject: Re: Oxford United in Financial woes   Oxford United in Financial woes EmptyFri Apr 05, 2019 3:47 pm

I see the likely new owner of Bolton, ex-Watford owner Laurence Bassini, has been twice bankrupt and banned from running a football club (by the FA) for 3 years in 2013 for financial misconduct. Worrying for them...

https://www.bbc.co.uk/sport/football/47827066

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