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Vanarama Conference Premiership

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Co-op Bank pull the plug on Lincoln City

Doubt has been cast on the future of Lincoln City after the Co-op Bank said that it would be severing all ties with the club.   The bank has instructed the club to sell its property assets to meet a debt of £380,000. Around 80 per cent of that sum makes up the club's overdraft and working capital facility.

The club's board has spent the last year unsuccessfully purusing alternative financing arrangements.  The club is operating at a loss of £3,000 a week.

Big variations in non-league budgets

It is a big temptation for benefactors of clubs in the Premiership and Football League to try and buy success.   In particular, many Championship clubs seek to chase glory through their cheque book, even more so now that financial fair play rules have been diluted.   It can all end with an empty wallet and a sour taste in the mouth.

AFC Telford make a profit

AFC Telford have made a small profit of £6,070 on turnover of £788,000.   Down from £13,000 in 2012-13, it effectively represents a break even position.   However, the Conference club deserve credit for making a profit in nine years out of ten given the losses that many clubs make, even at non-league level.

Grimsby plan for new stadium

Grimsby Town have announced plans to leave Blundell Park after 115 years.  The new ground at Peaks Parkway, just under three miles away, could be linked with supermarket and housing developments.  The club argues that they do not have a sustainable future at Blundell Park.

An online petition set up by supporters in favour of the move has received over 5,000 signatures, but not all fans are enthusiastic.   Some argue that a new stadium should not be built near a crematorium, hospice and hospital.

Good news for Nuneaton fans

In 2008 Nuneaton Borough folded.   The replacement club, Nuneaton Town, still referred as to 'Boro' by fans, was demoted two divisions.   They have fought their way back to the Conference and have had some good news for the start of the season.

Aldershot Town out of administration

Aldershot Town have exited administration, having settled all outstanding debts with the club's remaining credtors and completed their Company Voluntary Arrangement under a year after being taken over.

While they were in administration, they weren't entitled to a share of the Conference's central funding, so receiving that again will be a big boost.   They have also managed to cut overheads by about 60 per cent in a bid to put the club on a more stable financial footing.

It's the Vanarama Conference

The Football Conference have announced Vanarama as title sponsor for the 2014/15 season.  The partnership was launched today in the presence of member clubs and will see the commercial vehicle specialists take the naming rights for all 1,476 games a season across the three divisions in 2014/15.

Salisbury City fights on

Salisbury City has been expelled from the Football Conference.  However, efforts continue to be made to save the club with a window of opportunity provided by the 14 days in which an appeal can be made to the Football Association against the expulsion decision.   Other clubs are to be concerned about the financial implications if the Conference South runs with 21 clubs.

Salisbury City in danger

The co-owner of Salisbury City, Mike Winter, has quit the club and there is now a real danger of the club going into liquidation.   They have until Friday to clear all football debts and pay a £50,000 bond, otherwise they will be expelled from the Football Conference.

Salisbury City demoted

Salisbury City have been demoted to the Conference South after they only cleared £75,000 of their £150,00 debts and failed to provide a required bond of £50,000.

However, the club claims that the real issue is the ownership of the club by mystery businessman Otail Touzar.   They are appealing against the Conference decision and seeking legal advice on taking out an injunction against the league.