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Going for broke – Bradford City | Going for broke – Bradford City |
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Real Madrid celebrated their centenary year by winning the European Champions League for the third time in five years. At the other end of the football scale, Bradford City’s preparations for their 100th birthday party have been boosted by Leeds High Court’s decision in February to lift the administration order that threatened the survival of the club formed in May 1903 when the Football League voted them into the Second Division. The Bantams went into administration in May last year and the collapse of the ITV Digital deal was inevitably mentioned as a prime factor. Managing Director Shaun Harvey agrees that the collapse did “focus attention within football clubs” and adds: “Whether clubs are run well or not, sailing close to the wind or far away from it, they don’t budget to win the FA Cup, but they did budget to receive that money.” Nonetheless, Bradford’s plight was not helped by the financial largesse shown by previous chairman Geoffrey Richmond that contributed in no small part to several player redundancies and over 30 non-playing staff getting their P45s. It was as recently as 1999 that Bradford reached the Premiership, but in similar circumstances to their more illustrious Yorkshire neighbours Leeds United they gambled the club’s future and lost. Players only received their January 2003 wages because the club managed to delay a £350,000 mortgage payment on the Sunwin Stand at Valley Parade and sold Benito Carbone’s £750,000 house, ironically enough in Leeds. From WSC 194 April 2003. What was happening this month On the subject...
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