Search: 'Simon Jordan'

Tom Davies reacts to Crystal Palace going into administration and looks at other teams threatened by HM Revenue & Customs

In a season of such widespread financial dysfunction, it’s perhaps surprising that it has taken until January for any professional club to go into administration, the fate that befell Crystal Palace at the end of last month. The administrator was called in by the London-based investment fund Agilo, a “specialist in distressed companies”, to whom chairman Simon Jordan had mortgaged much of the club’s asset base, including player wages, sale income and the basic fixtures and fittings.

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Andrew Scowcroft explains why he's no longer willing to help service his club's debts as much as ten months in advance

During Crystal Palace’s 4-1 win over Blackpool, my friend Chris and I had the break-up conversation, the one in which I said: “I’m not renewing my season ticket.” Although October 3 seems ridiculously early to bring it up, it was the date that Crystal Palace published their season ticket brochure for 2010-11.

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Charlton have gone from being a well-run Premier League club to an institution defined by calamitous mismanagement on and off the pitch. Mick Collins examines a cautionary tale

After two relegations in three years, Charlton fans have become used to looking for silver linings, however hard they’ve been to locate. Of very limited consolation, though, has been the ease with which we can now start a footballing conversation. No matter how remote the setting, a mention of your allegiance to anyone with even the vaguest of interest in the game, brings a guaranteed response: “What’s gone wrong at The Valley, then?”

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Developing local young talent used to be the way forward for Millwall, but they can no longer see the point. Paul Casella takes up the sorry tale

After a close-season tribunal judged that teenage starlet John Bostock’s sale to Tottenham Hotspur was worth just £700,000 to Crystal Palace, their owner Simon Jordan decided it was time to look for a buyer for his club. And he wasn’t the only south London chairman to question the point of developing homegrown talent this summer. Last season Millwall lost youth hopes David Amoo to Liverpool, Sam Walker to Chelsea and Tom Kilby to Portsmouth for combined fees of £400,000. They were all products of a youth set-up that an ailing third-tier club could barely afford to run. The club’s American chairman, John Berylson, was so enraged by the size of the fees that he closed the Millwall academy.

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There has been little action in the transfer market, but young talent is a talking point

Anyone who has managed to stay awake while reading reports about Frank Lampard’s contractual wrangling may have noted a comment by his agent that negotiations with Chelsea been going on “for two years”. Nuclear non-proliferation treaties have been wrapped up quicker. So what have they been discussing for all this time?

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