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League 2

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Turks move in at Crawley

A takeover of Crawley Town is imminent.  The prospective purchaser is Turkish steel magnate Ziya Eren who is president of a not particularly successful club in the Turkish second tier.

Negotiations have been taking place since October, although a British consortium was also said to be interested.  The club has been for sale since 2013.

Stadium loan was misappropriated

An in depth look at what has been happening at Northampton Town's Sixfields Stadium.   It appears that of a £10.25m loan made available by the local council, only £2m was spent on stadium redevelopment.   Police are investigating,

Glass ceiling for fan owned clubs

Portsmouth chairman Ian McInnes has admitted in an interview with The Times that there is a glass ceiling to the fan ownership model used at Pompey.  If success breeds ambition there may come a day when Portsmouth's fans have to cede ownership to an outside investor.

The Pompey Supporters Trust owns 47.6 per cent of the club with the next biggest shareholder owning 10.75 per cent.    Three PST members sit on the board of seven.

Arrest made in relation to Cobblers finances

Reports are circulating that a man has been arrested and bailed in relation to an ongoing police investigation into the finances of Northampton Town FC.   BBC Northampton is claiming that the man arrested is former club chairman David Cardoza, but the police have refused to name the individual concerned.

AFC Wimbledon to return home

AFC Wimbledon have received planning permission to build a new stadium close to their historic home in Plough Lane.   To be built on the site of an old greyhound stadium, the new ground will have a capacity of 11,000 with scope for expansion to 20,000.   The plan includes provision for 602 residential units and a leisure club.

Cobblers inquiry widened

Quite what has been happening at Northampton Town is far from clear and may not be for some time as allegations of financial irregularities are not easy to investigate.

However, it appears that the scope of the inquiry has widened and investigative football journalist David Conn tries to get to the bottom of what has been going on.

Northampton Town sold

Northampton Town has been sold to former Oxford United chairman Kelvin Thomas.   The deal has the approval of Northampton Borough Council who are owed £10.25m for work at and around the Sixfields stadium that was never completed.   HM Revenue & Customs are owed £166,000 and are bringing a winding up petition.

Cobblers staff turn on chairman

Northampton Town staff have taken the highly unusual step of using the club's website to criticise chairman David Cardoza.  He still owns the club and they demanded that he sell it 'within hours'.

The non-playing staff are in their fourth week without pay.   The club's bank accounts were frozen after Her Majesty's Revenue and Customs launched a winding up petition as a result of £166,000 of unpaid taxes. There is also an administration petition from Northampton Borough Council.

Is Exeter a football city?

The two unfortunates certainly get about round the country in their series of guest articles profiling football cities.  Exeter provides a stark contrast to Milton Keynes, one of the earlier locations covered.  An ancient cathderal city, it has changed and modernised since the arrival of the M5 motorway.

Will finances undermine Plymouth's title bid?

Plymouth are currently riding high at the top of League 2, but this blog article argues that finances will ultimately derail their title bid.   Their manager made a conscious decision to go for quality rather than quantity in the squad and there doesn't seem to be any money for additions in the January loan window.