Wed, 05 Mar 2014 | ADMINISTRATION
Corby Town Football Club is on the brink of administration because of an ongoing financial dispute with the local council, the chairman has said.
Corby Town’s chairman Kevin Ingram told BBC Radio Northampton that the club is owed “just short of £200,000” by Corby Borough Council. The club has now commenced legal action over the financial fall out.
The club is owed money, the Chairman said, as part of deal made in 2007, which stated that the council would pay Corby Town FC £90,000 a year to manage the Rockingham Triangle sports facility that is located next to the club’s Steel Park home stadium.
The deal was meant to see the Corby Town oversee the development of the community sports project in return for annual investments. The breakdown came when the payments stopped amid claims that the money for the project has been channelled towards the club’s own stadium rather than nearby sports facilities.
The council argues that the claims by the Southern Football League Premier Division club contain “factual inaccuracies”. It is now “following external legal advice” about how to proceed. However, if a resolution is not found that sees Corby Town, nicknamed the Steelmen, paid the substantial sum it claims it is owed then the club will be forced into administration.
Corby Town’s financial woes have been compounded by the terrible weather of 2014 thus far; the heavy rains have resulted in the club having many games postponed, meaning that it has received virtually no money from gate receipts.
Kevin Ingram said: “All we want to do is make the football club and Rockingham Triangle sustainable. At the moment we are running the facility for the council without the funding that was agreed and we simply cannot afford to continue this way.
“If Corby Town Football Club goes into liquidation then the council will be left with a huge sports facility and nobody to run it. We are more than willing to meet with the council to agree on how to proceed, but so far only the Conservatives have been forthcoming in talking to us.”
With administration looming, the club released a statement declaring that legal action is now be taken in an attempt to redeem the money it believes it is owed.
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Related information:
Football centre enters administration
Blog: Keep an eye out for further football club failures
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