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.

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