Eastwood Town

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Eastwood Town

Postby exile » Thu Jan 23, 2014 1:19 pm

It looks like yet another old name of non-league football is standing on the precipice and looking likely to fall out of existence. The local council have locked them out of their ground due to debts of over £45,000 owing since 2011 and the club are facing the real possibility of being booted out of the league. Even their website has been taken down now, it's sad to see this happening but how can a club get into a position like this?!

http://www.nottinghampost.com/Crisis-club-Eastwood-Town-locked-Coronation-Park/story-20476829-detail/story.html
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Re: Eastwood Town

Postby Locki » Thu Jan 23, 2014 1:36 pm

This is what can happen when "money men" take over a club, pump money in for a quick fix then bail out when they're bored or don't get there own way. Leaving the club with nothing finance to survive at a level they're not capable of maintaining - the slide to oblivion is hard to arrest!

Take note Kirkham/Fleetwood
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Re: Eastwood Town

Postby Ian Livesey » Thu Jan 23, 2014 3:21 pm

Fylde fans will argue that this won't happen to them as Haythornthwaite and his cronies have said they're in it for the long run. It may be 2022 when they decide to give up
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Re: Eastwood Town

Postby exile » Thu Jan 23, 2014 5:12 pm

It isn't that though, it's the financial mismanagement that has occurred since the money men went away. Bills not paid for nearly 3 years? That is sticking your head in the sand to the extreme. I just don't understand the logic behind it, surely cutting cloth accordingly would make for a more sustainable future.
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Re: Eastwood Town

Postby mark » Wed Jan 29, 2014 10:36 pm

What can happen in these circumstances though is that the club is left with expensive player contracts by the previous regime that it is obliged to meet.

Then the problem is that the team starts to struggle and gates and sponsorship drop off. The club can easily get into a position where the outgoings exceed the income, then you have to pick and choose which bills you pay. HMRC has to come high on the list, you have to pay players or they won't pay and something has to give. They probably thought that the council would cut them a bit of slack (which they have for three years) and not call in the debt.

This weekend's fixture has been postponed and things are looking bleak - it appears the club may just give up the ghost.

If it hadn't been taken over by the money men, they would no doubt still be ticking along nicely in Division One North like they used to.

See also: Maidstone, Rushden and Diamonds, Newcastle Blue Star, Leigh RMI, Colne Dynamoes, Hornchurch and as Locki says in a few years' time Fleetwood and Fylde.
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