Oxford United in Financial woes

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.

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.

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.

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.

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

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.

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

£650k pitch.

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