Skip to main content

Nuneaton Borough face closure

Tier 2 non-league side Nuneaton Borough face closure by the beginning of November unless they can find a new investor: Deadline

The ground is owned by Port Vale's Norman Smurthwaite, but he cannot run two clubs under football rules.

In a statement he said, 'The amount owed to existing creditors is quite small, which is unusual in this situation and, in fact, the biggest creditor is Borough Stadium as no rent has been paid, but this would be waived in the current circumstances. The current monthly payroll of the players is circa £25,000 per month but with the gates as they are the monthly shortfall of the club is between £17,000 and £19,000 per month. Here lies the major operational issue of Nuneaton Borough in whatever guise going forward.'

Players have not been paid and any liquidator would have little in the way of assets. Manager Nicky Eaden told The Non-League Paper, 'There are too many grey areas for prospective buyers. I have little confidence of anyone coming forward.'

The club has faced a number of challenges over the year. The population of the town is just over 86,000 which should be enough to sustain a Tier 2 club. There has been considerable new housing development in recent years. Because housing is competitively priced, it is favoured by commuters to Coventry, Birmingham and even London which it is linked with by a fast train service. Over the last twenty years, 1,600 Gurkha families have settled in the town.

However, these incomers may have little identification with the town and could well support Coventry City or one of the two Birmingham clubs. Premier League football at Leicester City is within reach.

The town is portrayed, not altogether favourably, in Alan Sparsholt's recent novel The Sparsholt Affair. There is a description of the central character walking round the town when he returns for his father's funeral.

Comments

Popular posts from this blog

Wolves get raw deal from FFP

  I used to see a lifelong Wolves fan for lunch once a month.   He was approaching ninety, but still went to games.   Sadly he passed away the other week. As football finance guru Kieran Maguire has noted, Wolves continue to be constrained by financial fair play rules.  Radio 4 this morning described them as this year's 'crisis club' and the pessimists have certainly been piling in. Martin Samuel wrote sympathetically in the Sunday Times yesterday, saying that the Premier League drives talent away with regulatory red tape: 'Why could Al-Hilal sign Neves? Because Wolves needed the money. And why did Wolves need the money? Because the club had to comply with an artificial construct known as financial fair play. So Wolves are going skint, yes? No. There is no suggestion that Wolves are in financial trouble, only that they are failing to meet the rigours of FFP. Wolves’ owners appear to have the money to run the club, and invest in the club, and in fact came up with a pow

Gold standard ground boosts Tottenham's income

The gold standard in European football grounds is the Tottenham Hotspur stadium in north London, a £1bn construction project completed in 2019. Its impact on the club’s finances has become increasingly clear as the effects of the pandemic have faded. Previously, the average fan would spend less than £2 inside the ground on a typical match day, but now that figure is about £16, thanks to new facilities including the longest bar in Europe and an on-site microbrewery. Capacity has gone up from 36,000 at the club’s previous home of White Hart Lane to 62,000.  The new stadium — built on land adjacent to White Hart Lane — has opened the door to a broad range of other events that have helped to push commercial income up from €117mn in 2018 to €215mn in 2022. Last year, Tottenham hosted US singer Beyoncé for five nights on her global Renaissance tour, two NFL matches, as well as rugby games and heavyweight boxing bouts.  Money brought in from football has gone up too. Match day income is

Charlton takeover approved

The long awaited takeover of Charlton Athletic by SE7 Partners from Thomas Sandgaard has been approved:  https://londonnewsonline.co.uk/se7-partners-obtain-efl-approval-for-charlton-athletic-takeover/ Charlton have had unhappy experiences with owners for over a decade, so how this works out will remain to be seen.  There is certainly potential there, but will it be realised? This interview with Charlie Methven gives detail not available elsewhere:  https://thecharltondossier.com/charlie-methven-on-the-record/