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Re: A phoenix club

By berlioz8/12/2023 15:58Fri Dec 8 15:58:24 2023In response to Re: A phoenix club

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The founding of Enfield Town below has some similar circumstances. Our board don't seem like they are actively trying to pocket the cash held in an escrow account for themselves though. Rather they are Just running it down through poor decisions

The club was founded on 23 June 2001 by the Enfield Supporters' Trust after Trust members considered that the regime in charge of Enfield no longer had the interests of the club at heart and lacked sufficient will to bring about the return of the club to its home town, having left Southbury Road in 1999. This followed the chairman of Enfield withdrawing from an outline agreement with the Supporters' Trust which would have seen the Trust take over the running of a debt-free club and receiving £100,000 from money from the sale of Southbury Road which was held in an escrow account by Enfield Council. The balance of over £600,000 would have been paid to the chairman