PracticeConsultingBankruptcy – Creditors of ex-Palace chairman call in BDO Stoy

Bankruptcy - Creditors of ex-Palace chairman call in BDO Stoy

BDO Stoy Hayward is to act for creditors in the high-profile bankruptcy of Mark Goldberg, the former chairman of Crystal Palace football club. Goldberg was forced into bankruptcy in December with debts of more than £20m when a petition was brought against him in the High Court by Knightsbridge company Allied Commercial Exporters. Two of BDO’s business recovery partners, Ray Hocking and Sara Dayman, have been named as individuals in the appointment. Dayman said: ‘We will just get on with realising the assets for the creditors.’ The firm was unwilling to comment due to the controversy surrounding Goldberg. Creditors include Altonwood, a company owned by Palace’s former chairman Ron Noades, which is claiming over £4m, and former Palace manager Terry Venables, who claims to be owed £7.8m. A previous arrangement between Goldberg and creditors had failed and was revoked by Mr Justice Jacob. The future of Goldberg’s club is undecided, with representatives of the Football League, Football Association and other groups facing potential conflict over the treatment of the club’s debts.

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