Oldham FC gets 11th-hour reprieve
Oldham Athletic Football Club has been spared from closure following the last minute appearance of a business consortium interested in taking over the club.
Oldham Athletic Football Club has been spared from closure following the last minute appearance of a business consortium interested in taking over the club.
Link: Football finance crisis strikes Oldham
Oldham had looked as though it was due to fold after administrators PKF had given today as the deadline for a deal to be sorted out to take the club out of administration.
No such deal had been forthcoming but the interest from the as yet unnamed consortium, which has now entered into negotiations with the administrators, has earned the club a temporary reprieve.
It will now be able to continue for the next few weeks pending a decision from the Football League on whether to sanction the proposed takeover.
‘This is good news for the football club,’ said Philip Long, head of corporate recovery at PKF. ‘All parties will now be working flat out over the next few weeks to try and complete a deal which should see the club out of administration.’
The numbers you crunch tell a story. Your expertis...
21yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleBody Shop, Ted Baker, Farfetch, MatchesFashion and Wilko among latest retailer insolvencies. Number of businesses in trouble are the highest in five y...
View articleInsolvency statistics in the UK for the second quarter of 2023 were the highest since 2009 with 83% of them relating to small businesses Read More...
View articleThere were 6,342 recorded company insolvencies in Q2, reflecting a 9% increase compared to the number of insolvencies in Q1, and a 13% increase compar...
View articleThe survey paints a “brightening” picture of the global economy, according to the ACCA Read More...
View articleThe pandemic may have “distorted” some economic data Read More...
View articleAdvisory firms must offer a “more supportive” and holistic approach to clients amid the economic downturn Read More...
View articleHaving a clear plan and clean data to help optimise the use of scarce resources will be key for businesses Read More...
View articleThe Coronavirus Job Retention Scheme has supported millions of jobs amid the pandemic, but with the support measure set to end in September, how can a...
View article