Creditors unlikely to get Darlington FC cash (From Darlington and Stockton Times)
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Creditors unlikely to get Darlington FC cash
8:30am Tuesday 31st July 2012 in Football
By Joe Willis, Regional Chief Reporter
CREDITORS owed money by the former owners of Darlington FC are unlikely to receive a payout, liquidators have warned.
Darlington FC 2009, which was formed by former chairman Raj Singh , is in the process of being liquidated by Yarm accountants Taylor Rowlands.
Liquidator Harvey Madden said the company’s total debts were still being calculated, but it is believed Mr Singh is the biggest creditor and is owed about £800,000.
Mr Madden said: “Ideally, we would have exited administration with a company voluntary arrangement (CVA) but that was not possible, so the only available route was to put the company into liquidation.
“We’ve finalised the administration and we’re now in the process of going through the liquidation.”
Mr Madden said his office had contacted creditors to find out how much the company owed.
“If there is money left at the end of the day, there may be a dividend to creditors. However, I’ve got to say it doesn’t look likely.
“Maybe the preferential creditors will get something, but it doesn’t look like there will be anything left for the unsecured creditors.”
Mr Madden confirmed that Mr Singh was an unsecured creditor.
Mr Madden said he planned to travel to London speak to Fulham FC regarding clauses in the contracts of former Quakers players Dan Burn and David Stockdale before the company was liquidated.
Darlington FC 2009 retained half the rights to the clauses, while Darlington 1883 (DFC 1883), which now owns the Quakers, owns the second half of the rights.
Commenting on the clauses, Craig Mckenna, DFC 1883 project manager, said: “It’s no secret that 1883 would benefit from any revenue that is generated from the Dan Burn and David Stockdale clauses.
“We’re obviously hopeful that Harvey’s discussions with Fulham will generate a cash boost for the football club.”
DFC 1883 yesterday reported that about £2,000 was collected at the Alf Ramsey Knew My Grandfather production, that was staged last week at Darlington Civic Theatre.
The show also made a reasonable profit for the club, although the total is not yet known, Mr McKenna added.
Comments(26)
loan_star
says...
12:34pm Tue 31 Jul 12
You must live a sad life.
Normski1960
says...
12:42pm Tue 31 Jul 12
loan_star wrote:He's flaming....just don't respond.
What a suprise, the regular troll turns up with another dig at DFC. You must live a sad life.
MSG
says...
12:53pm Tue 31 Jul 12
Hope we get a few bob from the two players above to launch next season 2013/14 promotion push as well !. Soon be back were we belong. no thanks to those who put us in this position.
Can't wait for the new season as one of the 993 ticket holders for the away game at Bish, also as a CIC investor, and lifelong Darlo fan. Things are getting better by the day.
COME ON DARLO!!!!
A.Smith 71
says...
3:39pm Tue 31 Jul 12
loan_star wrote:Nope can't say I do have a sad life at all, but I do love seeing how Darlington are always scrounging on the back of other peoples success!!
What a suprise, the regular troll turns up with another dig at DFC.
You must live a sad life.
A.Smith 71
says...
3:44pm Tue 31 Jul 12
MSG wrote:Why should you be over the moon that someone who tried to help your so called beloved club is set to lose around £800k of unsecured debt?
Fantastic news that Mr Singh will lose so much money, i am absolutely over the moon about that!
Hope we get a few bob from the two players above to launch next season 2013/14 promotion push as well !. Soon be back were we belong. no thanks to those who put us in this position.
Can't wait for the new season as one of the 993 ticket holders for the away game at Bish, also as a CIC investor, and lifelong Darlo fan. Things are getting better by the day.
COME ON DARLO!!!!
Pathetic people like you and the others that surround Darlington 1883 don't understand the mechanics of business and because of that so many potential benefactors who looked at offering a life line have said "I'm Out".
MSG
says...
10:03pm Tue 31 Jul 12
As for Singh - He did not help my club, he sunk it after his infamous radio interview !
I don't claim to understand the mechanics of business but i know that Darlo are not in as much debt as say Manchester United who are currently prostituting themselves on the New York Stock Exchange to stop the biggest footy club in the world going under like mighty Glasgow Rangers!. Also what do the so called experts of business know about business? i thought the worlds markets have imploded so you can't just point the finger at footy clubs like Darlo in these harsh economic times!
Can't wait for the footy season.
Come On Darlo, Sod Off SAD Mr Smith, Ha Ha Ha
Friendoffeetham
says...
10:11pm Tue 31 Jul 12
delboy1977
says...
8:45am Wed 1 Aug 12
A.Smith 71
says...
8:46am Wed 1 Aug 12
MSG wrote:What a pathetic comment regarding Manchester United & Glasgow Rangers, not as it Darlington were ever in their mighty shadow!
Mr Smith - for your information i am not pathetic, unlike you!
As for Singh - He did not help my club, he sunk it after his infamous radio interview !
I don't claim to understand the mechanics of business but i know that Darlo are not in as much debt as say Manchester United who are currently prostituting themselves on the New York Stock Exchange to stop the biggest footy club in the world going under like mighty Glasgow Rangers!. Also what do the so called experts of business know about business? i thought the worlds markets have imploded so you can't just point the finger at footy clubs like Darlo in these harsh economic times!
Can't wait for the footy season.
Come On Darlo, Sod Off SAD Mr Smith, Ha Ha Ha
Mouths are made to saying things and at times a pile of s***e comes out but when someone is bank rolling something people have to take the rough with the smooth! Something the people of Darlington and the fans of the football club cannot do, look no further than NUFC and Mike Ashley, he was hated and from a lot still is, but he pulled them around!
Pitty the so called fans of Darlington FC could not see the wood for the trees - what was I told about people like that when I was a kid?
Oh yeah - morons!
Enjoy Level 9 you all deserve it Ha Ha Ha
MSG
says...
1:17pm Wed 1 Aug 12
Wow !!! 1,200 tickets sold for the away Bish game. The news just gets better and better. Great news also about the friendly with Gateshead to give us a good test.
Come on Sad Smithy, whats your next comment, or do you have a life outside of criticising Darlington FC ??? I suspect NOT !!!
Homshaw1
says...
1:26pm Wed 1 Aug 12
Better off giving it to charity, grass root sports or blowing it on drink and women.
A.Smith 71
says...
2:22pm Wed 1 Aug 12
Homshaw1 wrote:Well said - But it needn't be a thankless task if people actually sat back and realised what is actually been spent on their club often by someone who who is trying to make a profit and lets be honest everyone wants to turn £1 into £10 for the better life!
It's a thankless task being a football chairman. Most of them end up losing lots of money and being hated.
Better off giving it to charity, grass root sports or blowing it on drink and women.
Grass root sport is missing out on this money, but that is the way things go, so maybe beer and loose women is the best alternative!?
A.Smith 71
says...
2:41pm Wed 1 Aug 12
MSG wrote:MSG - I would love to look you straight in the eye and bet you as much as you can afford to lose that Darlington 1883 will not rise out of the Northern League within the next 3 years.
Sad Smith, I will enjoy the coming season, we survived and the future looks VERY rosy. Unlike you, i guess you may still be sad and depressing whatever you do in life!
Wow !!! 1,200 tickets sold for the away Bish game. The news just gets better and better. Great news also about the friendly with Gateshead to give us a good test.
Come on Sad Smithy, whats your next comment, or do you have a life outside of criticising Darlington FC ??? I suspect NOT !!!
You have a bunch of wannabe heroes looking after affairs and as far as I can understand from comment made by others one of them is more interested in discussing her personal life on a social website than actually doing anything constructive.
Wow 1,200 tickets sold, how many for Bishop? What I and probably any sensible person looking to invest in Darlington 1883 cannot understand is why are you scrounging on the street, begging in shopping centres and handing round buckets at shows about other football clubs to raise funds for your club when you cannot follow them on their friendly tour?
Whitby - 409 Attendance
Northallerton Town - 710 Attendance
Crook Town - 313 Attendance
Glasshoughton Welfare - 165 Attendance
Obviously your club does not need the split gate, so PLEASE STOP SCROUNGING, I AM SICK OF SEEING BUCKETS IN MY FACE WHEN I VISIT DARLINGTON.
A.Smith 71
says...
3:11pm Wed 1 Aug 12
delboy1977 wrote:Delboy this is what I have said all along - the people of Darlington were always against someone offering them something.
Darlington supportes seem to forget that if it wasnt for George Reynolds or Raj Singh we wouldnt have a football club at all !! Everyone jumped on George Reynolds who put a huge amount of money into the club !! Darlington council did nothing to help they stopped George holding car boot sales to make extra money, then once he had gone they started holding one themselves !!
GR used his own money, RS used his own money so what more do the so called fans want from someone?
What did the fans do? - Stayed away in their droves, causing the clubs finances to dwindle.
What did Darlington Council do to assist? - Nothing at all
What really did the supporters trust do? - Nothing at all, they sent buckets around gathered the cash then put it in the bank never to be seen again.
And by the wasy - Is that not theft? A person is guilty of theft, if he dishonestly appropriates property belonging to another with the intention of permanently depriving the other of it. It is immaterial whether the appropriation is made with a view to gain, or is made for the thief’s own benefit. So can I now assume that the money i put in that bucket all those years ago has been stolen and nobody has been charged with this theft?
Any way I digress ....
What happened when GR pulled away and GH and pals played with you a while? - RS stepped up to be counted and the so called fans shot him down.
Fans should be fans and stop trying to know how a football club works and let those that know about business do their part (Not all football club chairmen like football, they just like the money a club can generate - and by generating money at a profit keeps them happy)
Hilly_2009
says...
9:52am Thu 2 Aug 12
That's right... by putting on various fundraising events be it a Sportsman's Dinner, Family Fun Days or even the unique idea of putting on a theatre show!
If you don't like it, nobodies forcing you to attend.
A.Smith 71
says...
11:10am Thu 2 Aug 12
Hilly_2009 wrote:I did not attend a show put on by Darlington 1883 and neither did anyone of the paying attendees that went along to watch the production about West Auckland Football Club.
You call it scrounging, any club / community calls it fundraising. How do you think other small clubs in The Northern League make extra cash?
That's right... by putting on various fundraising events be it a Sportsman's Dinner, Family Fun Days or even the unique idea of putting on a theatre show!
If you don't like it, nobodies forcing you to attend.
I call fundraising fundraising, but when you don't actually do anything with the money then I call that theft!! All small clubs need to run events no matter what sport, but even when Darlington have done this in the past you never get a fantastic turnout - why is that? The reason is because the people of Darlington are trying to tell you that they are not bothered if you have a football team or not!!!
Read what I actually said, I have put a button or three in a bucket to assist the survival of Darlington FC, but when you are constantly doing it and the money does not actually get spent to aid the demise of the club then enough is enough.
Stop scrounging for a few months and let the money in the supporters trust aid your recovery from the Northern League - Oh yeah they don't want to give the money up do they!?
Suspect Package
says...
11:44am Thu 2 Aug 12
Calm down dear...
A.Smith 71
says...
12:15pm Thu 2 Aug 12
Suspect Package wrote:Lol - you just get sick to the back teeth of these moaning, scrounging Darlington Fans pleading poverty and wanting everything done for them.
Anger management issues methinks!
Calm down dear...
A.Smith 71
says...
3:16pm Thu 2 Aug 12
Darlogirl1 wrote:Sounds like a really nice bunch to have at the helm and these are the people involved in running a 'COMMUNITY CLUB'!?
A.Smith 71 wrote:Totally agree with you, and on the line of one of them being more interested in her social life they have sunk to the new lows of flirting with each other talking about sex and there new harem.... pathetic honest these woman have young kids and are constantly on social network sites..when do they find the time to do the important stuff being a MOTHER..instead of shotting the kids in the street while they open another bottle of wine and discuss how great they are!!!! Going around like they are mother Theresa honest make my blood boil...what next affairs??
MSG wrote:MSG - I would love to look you straight in the eye and bet you as much as you can afford to lose that Darlington 1883 will not rise out of the Northern League within the next 3 years.
Sad Smith, I will enjoy the coming season, we survived and the future looks VERY rosy. Unlike you, i guess you may still be sad and depressing whatever you do in life!
Wow !!! 1,200 tickets sold for the away Bish game. The news just gets better and better. Great news also about the friendly with Gateshead to give us a good test.
Come on Sad Smithy, whats your next comment, or do you have a life outside of criticising Darlington FC ??? I suspect NOT !!!
You have a bunch of wannabe heroes looking after affairs and as far as I can understand from comment made by others one of them is more interested in discussing her personal life on a social website than actually doing anything constructive.
Wow 1,200 tickets sold, how many for Bishop? What I and probably any sensible person looking to invest in Darlington 1883 cannot understand is why are you scrounging on the street, begging in shopping centres and handing round buckets at shows about other football clubs to raise funds for your club when you cannot follow them on their friendly tour?
Whitby - 409 Attendance
Northallerton Town - 710 Attendance
Crook Town - 313 Attendance
Glasshoughton Welfare - 165 Attendance
Obviously your club does not need the split gate, so PLEASE STOP SCROUNGING, I AM SICK OF SEEING BUCKETS IN MY FACE WHEN I VISIT DARLINGTON.
What will the fans of the club do when these so called saviours run the club down, making them a laughing stock? - Exactly the same as they have always done, back on the big drum banging on about been let down, made to look like fools in the football world and then start passing round the buckets again.
the-big-yin
says...
5:22pm Thu 2 Aug 12
loan_star wrote:he is right in what he says though....no money should be given to darlington 1883..l.o.l.
What a suprise, the regular troll turns up with another dig at DFC.
You must live a sad life.
Lifetime Townie
says...
4:39pm Fri 3 Aug 12
torig
says...
5:06pm Fri 3 Aug 12
Quakerz
says...
6:25pm Fri 3 Aug 12
MSG
says...
10:52pm Fri 3 Aug 12
Sad Smith looks even sadder & more pathetic now.
Onwards & upwards
Come on Darlo !!!!!
darlobikegirl
says...
8:29am Sat 4 Aug 12
torig wrote:Good on ya! It's about time this nasty piece of work was given a taste of her own bile.
As one of the female 1883 Board Directors and the only one to interact using Social Media, I find darlogirl1's comments extremely offensive. I run my own business, have two children and I have been happily married for 10 years and I am utterly disgusted by the comments (and not just on this thread). These comments are nothing but slanderous and I shall pursue this further if necessary.
I'm no football fan & never comment on these stories but have seen people abused by her time & again.
She wants to think of a more original name too - cheeky bint stealing 2 thirds of mine
A.Smith 71 says...
11:18am Tue 31 Jul 12