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Posts Tagged ‘insolvent’

Premiership Football is a Rich Man’s Sport

Despite the popularity of football in England and the huge sums the sport generates, several well established clubs are facing liquidation just days before the 2010/2011 season is due to commence.   The reason Portsmouth FC, Cardiff City and Southend United are all on the verge of bankruptcy is simple: these clubs’ expenses exceed their…

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Cardiff City Are Latest Victims of Premier League Financial Woes

Cardiff City Stadium

Executives at Cardiff City have revealed they were unable to pay players’ wages last month due to financial difficulties. It is expected the players will be paid this week, but make no mistake, the dangers facing a company that fails to pay staff wages should not be underestimated. Cardiff City escaped a winding-up petition at…

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