The whispers around Notts County and the volume they might reach
The bump to Earth of the opening day of the season 5-0 defeat to Notts County may have shaped the Bantams season but in eighteen days time the result may be wiped off the records.
The saga at Meadow Lane has rumbled all season with some great results on the field not being matched off it. The Munto Group turn out to be smoke and mirrors, Sol Campbell making a cameo, Peter Trembling buying the club for £1 and promising funding which never appeared.
Trips to the County Court to avoid winding up orders are far more common than one might have thought for a club that cherry picked the quality of the division at the start of the season and at the moment the club are subject to a HMRC 28 day settlement requirement. Ten days in and the proposed investments are still ethereal appearing in the mist but vaporising when attempted to be grasped.
Trembling – who now has eighteen days to find enough money to pay the debt to the Tax man as well as pay the £300,000 monthly wage bill – seems no different to most lower league chairmen running from pillar to post to try make ends meet – however – unlike his peers in Leagues One & Two the amounts talked of at County are needlessly large and inflated by greed.
Greed in the form of the way that players were recruited to “the project” – as Sven Goran Erikkson calls it – with Campbell’s recruitment seen as a poster boy for the needless expense. County’s progress to fifth in League Two from that 5-0 is eclipsed by Rochdale’s reported thrifty accent to the top of the division and a reminder to clubs like City who wanted last season to spend big for promotion that gestated teams more than expensive shopping is the better way to progress.
If County cannot find money for the Tax Man in just over two weeks they will apply for administration. A judge will sit and decide if creditors are better served by keeping the club going as an existing concern or if that protection would be a waste of resources. Typically the latter would happen if the cost of running the business – at least £300,000 a month for player wages in The Magpies case – are higher than the revenues which could be raised for creditors. Should it come to that day then Trembling will be hoping that player wages of £1.2m before a player can be sold in the transfer window can be realistically offset by a sale of the assets.
The near 150 year history of a club could come to an end if that judgement goes the wrong way, City’s defeat removed from the records, and football will once again face calls for credible regulation of the game, the owners and the finances.
And those calls will be whispers compared to the screams of this week, and no one will hear them.