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Conference Clubs In Tax Trouble

At least nine Conference clubs have tax bills threatening their existence. A higher number of clubs than expected from the Blue Square Premier, North and South have fallen foul of the stringent quarterly checks after the summer launch of the Financial Reporting initiative. This was set up by the Conference and the FA to monitor the returns of clubs to HM Revenue and Customs. Conference chairman Brian Lee said, 'Part of the problem is that football is an incomparable industry.

Wrexham AFC's Ambitious Plan

Blue Square Conference side Wrexham has revealed an ambitious £40m investment plan designed to transform the former league club's finances and lead to the rebuilding of the historic Kop. The club has lodged revised plans for a £40m Glyndwr University village with space for 800 students, the income from which it is hoped will clear the club's massive £3m-£4m debts. Any further profit would then be used to finance the rebuilding of the historic Kop stand, which is currently out of action.