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Farnborough FC enters administration 1 May 2013

Farnborough FC has become the latest football club to enter administration, with Walsh Taylor appointed to the case.

The Blue Square Bet South league club’s administration was confirmed on 26 April 2013 – the second time a Farnborough-based football team has gone into administration in six years.

Administrator Kate Breese said: “This action was taken so as to protect the club from being wound up after HMRC issued a winding-up petition against the club.

“The administration will now provide protection for the club whilst a buyer is found.”

Farnborough FC was established in 2007 after its predecessor, Farnborough Town Football Club, went into liquidation at the end of the 2006-2007 season.

As a result of the administration, Farnborough FC are expected to suffer a 10 point penalty applied to the current 2012-2013 season, but will remain within the Blue Square Bet South division.

The club had made itself available for sale throughout the 2012-2013 season, although no firm bidder emerged.

James Moore of Walker Morris, the administrator’s lawyer, said: “The club has struggled under the weight of historic debts recently.

“This is a club with huge potential. Few, if any, clubs have use of a ground of this quality at this level.”

 

 

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