Nuneaton Boro on the brink of folding (1 Viewer)
- Thread starter Nick
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Nick
Administrator
Looks a bit messy again!
From what I can see, the new owner said to all the players they are welcome to leave if they can find another club with guaranteed security (better money). He's paid off debts outside of the club and the players are 5 days overdue.
Apparently gone from losing 20k a month to 10k a month.
Nick
Administrator
fernandopartridge
Well-Known Member
They're fucked, I'll be surprised if they last beyond March
Terry Gibson's perm
Well-Known Member
I don’t know how these smaller clubs survive day to day without a rich owner when my nephew moved to Stockport from Fleetwood he got a pay rise and went from full to part time at Fleetwood he was on over 25k per year.
Once again there seem to be a lot of containers around the entrance at Liberty way
Once again there seem to be a lot of containers around the entrance at Liberty way
Nick
Administrator
That's the thing. When clubs like that are apparently offering players like Kelly Evans a pay rise from us as well.
Is there any ffp in non League? How can a club like that be losing 30k a month or whatever it was.
Terry Gibson's perm
Well-Known Member
Listening to the manager on the radio tonight it sounds like they are in meltdown the chairman talked to two players saying he was going to sack them in the week and both played today and had stinkers. The manager spoke about keeping the club alive.
Nick
Administrator
It sounds a bit schoolboy
Captain Dart
Well-Known Member
Something is up.. maybe
chiefdave
Well-Known Member
Fingers crossed it’s good news for them.
Don’t know much about non league, are they just badly run or is all of non league a basket case like they are?
They seem to be in serious trouble more often than us and some of the figures thrown around are crazy given the crowds and how little they must get in sponsorship.
NorthernWisdom
Well-Known Member
It's even more crazy when in terms of fanbase potential, when they get it right, they really should be one of the bigger non league clubs. At the very least they should be bouncing between conference and the league below... without the constant crises they end up in, too!
Terry Gibson's perm
Well-Known Member
There are a lot of City and Villa fans here maybe that would be better playing at different times to us and them
Otis
Well-Known Member
Yeah, but there are already many City players here who play at a different time to the opposition.
Nick
Administrator
It is understood that Boro boss Jimmy Ginnelly has been entrusted with the shares with the view of finding the ten investors, who will need to stump up around£10,000 each.
This is believed to be enough money to see the club out until the end of the season.
But the ten would have to be rolling investors to the club and pay another £10,000 each next season unless a buyer can be found.
This is believed to be enough money to see the club out until the end of the season.
But the ten would have to be rolling investors to the club and pay another £10,000 each next season unless a buyer can be found.
chiefdave
Well-Known Member
Finding 10 local businessmen who will stump up 10 grand each to play football club owner shouldn't be impossible, its the having to cover a hole in the finances every year thats the problem. If they're spending it on wages surely the better option is to live within their means, at least until they can find an owner who wants to chuck money away.
Nick
Administrator
I think they are just going to need a massive clearout to survive, they are relegated anyway.
He was trying to do that to be fair and getting loads of shit for it.
Terry Gibson's perm
Well-Known Member
It might be more difficult than you think to get the investors as some got stung under previous owners for a fair amount of cash.
CovInEssex
Well-Known Member
They should have a look at Wrexham and how they are ran. Owned by the fans. Got to be the only way back now.
Captain Dart
Well-Known Member
I think they will have to go bust first. I can't see them finding the money for HMRC and they don't piss around if tax is not being paid.
However some tweets have cast doubt on joshua smiths assertion money has to be paid this week.
However some tweets have cast doubt on joshua smiths assertion money has to be paid this week.
Captain Dart
Well-Known Member
stevefloyd
Well-Known Member
Shame I don't like to see any club in this much shit
chiefdave
Well-Known Member
Manager was on CWR, said they had 22 contracted players, which I assume means full time contacts, and they've now reduced that to 5. No wonder they are in trouble. There's football league clubs with squads not much bigger than that.
Nick
Administrator
Terry Gibson's perm
Well-Known Member
It won’t make much of a difference between full or part time the cost will still be far to high for a club if their size.
Brighton Sky Blue
Well-Known Member
There's the problem, the ownership structure was so shrouded in mystery that it could've been anyone making the decisions at the top.
Joy Division
Well-Known Member
Now charging £50 to have a trial at the club. Desperate times.
Cash-strapped club charges £50 for trials
Cash-strapped club charges £50 for trials
vow
Well-Known Member
Some good news for Boro or at least a lifeline!
A court has unfrozen Nuneatons bank account, so they can pay the £32000 to the taxman they owe and hopefully be able to play next season!
Nuneaton Borough's future decided after court hearing
A court has unfrozen Nuneatons bank account, so they can pay the £32000 to the taxman they owe and hopefully be able to play next season!
Nuneaton Borough's future decided after court hearing
Terry Gibson's perm
Well-Known Member
They are also likely to get an end of season windfall as Stockport go there last day and are chasing the title so will be bringing big numbers, even I am going to watch
