BusinessBusiness RecoveryLuton Town FC joins casualty list

Luton Town FC joins casualty list

Second division team Luton Town FC has joined the procession of UK football clubs being placed into administrative receivership.

The club will now be run by business recovery specialist Barry Ward, formerly of PKF, after it was put into administrative receivership as a protective measure by the club’s ‘major creditor’.

In response, club secretary Cherry Newbery has appealed to supporters and commercial clients to support the club and renew season tickets, sponsorships and commercial packages.

The club has opened its ticket office from tomorrow (15 July) until the 19 July hoping to see supporters pledge their support and purchase season tickets in advance of the new season.

To date Oldham, Wimbledon, York City, Huddersfield, Port Vale and Ipswich Town have all slid into administration, while Leicester City, who has just won promotion back to the premier league, only recently emerged from administration.

A recent survey by Grant Thornton predicted that a premiership football club would collapse soon, as financial conditions in football continue to worsen.

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