BusinessBusiness RecoveryBarnsley FC forced into administration

Barnsley FC forced into administration

Nationwide division two football club Barnsley FC has become the latest team to suffer from the fall-out of the ITV Digital collapse after it was placed in administration yesterday.

Link: Watford FC cuts salaries to avoid collapse

The directors of the club, also known as the Tykes, said they had been left with no other choice but to petition the High Court in Leeds for an administration order in order to ‘provide time for the club to agree a refinancing package’.

Joint administrator Matthew Dunham said that the problems with ITV digital was the ‘prime cause’ of the club’s troubles. The team, which five years ago was gracing the Premiership, has been left with a wage bill of £5m a year, but income of only £4.5m.

Related Articles

Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

1w Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

1w Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

4w Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

6m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

8m Alia Shoaib, Reporter
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

9m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor