Extra time for Leicester City
Fans of Leicester City FC will have to wait a further two weeks before they get to hear any more news about the future of their football club.
Fans of Leicester City FC will have to wait a further two weeks before they get to hear any more news about the future of their football club.
Links: Leicester City petitions for administration
and Deloitte to become Leicester administrator
Administrators from Deloitte & Touche, who were brought in to run the club, said they had received a number of enquiries about the business, which collapsed with debts of more than £30m last week.
A spokesperson for Deloitte said administrator Nick Dargan and his team were now in the process of ascertaining which of the expressions of interest in the club were genuine.’We won’t speculate on the process and will wait for a couple of weeks to review the interest before saying anything else,’ the spokesperson added.
The delay will allow more time for ex-Leicester City striker and former England captain Gary Lineker to raise money to launch a rescue bid.
He has already received a six-figure sum from Emile Heskey who, like Lineker, had played for the Foxes, but needs to find a further £5m to mount a credible bid.
Heskey left the club after Liverpool paid £11m for the England striker two years ago.
The club’s financial troubles do not, however, appear to have adversely affected its performance on the pitch – though it could only muster an away draw last weekend after allowing Coventry City to equalise in the dying moments of the game.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn 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 resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceInsolvency 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 articleShift from BBL debt to equity could pose wider business implications Read More...
View article