Northwich Victoria's former administrator says he is not to blame for the club's relegation

STATEMENT: Former administrator responds to Vics’ owner

STATEMENT: Former administrator responds to Vics’ owner

First published in Vics Northwich Guardian: Photograph of the Author Exclusive by , Senior Sports Writer

NORTHWICH Victoria’s former administrator says the Evo-Stik Northern Premier League was right to punish the club for breaking finance rules.

Gary Pettit, an insolvency practitioner hired by Vics owner Jim Rushe in 2009 after the firm that then paid the players’ wages – Northwich Victoria Football Club (2004) Ltd – had entered administration, denies he is to blame for the team’s relegation to play at a lower level.

In a statement issued exclusively to the Guardian, he argues that Mr Rushe is wrong to accuse him of not making regular monthly payments to companies to which the club owes money.

It reads:

”RECENT comments surrounding culpability for the further demise of Northwich Victoria Football Club are woefully inaccurate.

It must be repeated that the terms and obligations under the Company Voluntary Arrangement (CVA) that was approved by both creditors and the club [in December 2009] are clear and unequivocal.

For the sake of clarity, a CVA is best described as a contract between a company (the club in this case) and its creditors that provides for a better return to the latter than alternative insolvency routes.

The CVA was entered into as a means of exiting from administration and an enormous amount of effort was made to ensure the club could survive.

In the club’s case the accord provided for monthly payments, together with some other financial commitments, to be paid into the CVA for the benefit of its creditors.

This is in addition to the FA Cup monies that were recovered, which is entirely separate to the monthly payment commitment.

In summary, the CVA provided for receipt of the FA Cup monies, a bond in case of subsequent PAYE arrears and a total of 61 payments (£10,000 on approval plus £2,500 per month thereafter) to be paid into the CVA.

Only the FA Cup money has been received, and its dispersal has been towards administration and trading costs that have been approved by creditors.

Given that neither the bond, nor the monthly payments, have been paid the club is in almost total breach of the CVA terms.

Although lengthy discussions have taken place, it is with deep regret that the club refuses to accept its obligations have not been honoured under the CVA terms.

Had the club accepted its clear and unequivocal breaches to the CVA and agreed to remedy them in an appropriate manner then it is possible the outcome of the recent FA appeal may have been different.

Clearly, we will now never know.

Taking the undisputable facts into consideration, the joint supervisors of the CVA have their hands well and truly tied and must therefore follow their duty in that respect."

Comments (7)

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9:58am Sat 28 Apr 12

THETELLEROFTALES says...

So there you have it Vics fans!

Who do you believe?

It is possible to start again....google Rushden and Diamonds.

A team that went the way of all clubs when the money ran out has re-invented itself.

It will be interesting to see how loyal the players will be to the Vics cause when the other clubs come calling and cherry-pick the best.
So there you have it Vics fans! Who do you believe? It is possible to start again....google Rushden and Diamonds. A team that went the way of all clubs when the money ran out has re-invented itself. It will be interesting to see how loyal the players will be to the Vics cause when the other clubs come calling and cherry-pick the best. THETELLEROFTALES
  • Score: 0

11:35am Sat 28 Apr 12

Genuine fan says...

Message for Jim Budden, I hate to say I told you so but.........

Still it's not all Rushe's fault is it, oh hang on a minute - YES IT IS!
Message for Jim Budden, I hate to say I told you so but......... Still it's not all Rushe's fault is it, oh hang on a minute - YES IT IS! Genuine fan
  • Score: 0

6:17pm Sat 28 Apr 12

THETELLEROFTALES says...

Who would of thought it at the start of the season.

Witton Albion promoted.

What a fantastic achievement.

Irony?
Who would of thought it at the start of the season. Witton Albion promoted. What a fantastic achievement. Irony? THETELLEROFTALES
  • Score: 0

9:36pm Sat 28 Apr 12

Jim Budden says...

JB
I don't particularly care anymore. I am fed up with all the accusations who paid this and who should have paid that. Why are we not facing the big issues we have "BILLS TO BE PAID" Before we start next season (3 Months). We should be looking to get this football club on a more even keel with some of the outsanding bills paid in full. There is a lot to do to get this club with its chin held high again and not the laughing stock it is at the moment. there are a lot of proud Vics fans that have fell by the wayside because of the off the field antics that have gone on for the last 6/8 seasons. Lets stop them now. Oh and Well Done Witton we will wave to you when we pass going down, best of luck you will need it. P.S. "We'll Be Back"
Jimbo
JB I don't particularly care anymore. I am fed up with all the accusations who paid this and who should have paid that. Why are we not facing the big issues we have "BILLS TO BE PAID" Before we start next season (3 Months). We should be looking to get this football club on a more even keel with some of the outsanding bills paid in full. There is a lot to do to get this club with its chin held high again and not the laughing stock it is at the moment. there are a lot of proud Vics fans that have fell by the wayside because of the off the field antics that have gone on for the last 6/8 seasons. Lets stop them now. Oh and Well Done Witton we will wave to you when we pass going down, best of luck you will need it. P.S. "We'll Be Back" Jimbo Jim Budden
  • Score: 0

9:09am Sun 29 Apr 12

THETELLEROFTALES says...

Dear Jim.

I don't believe you no longer care. I admire you for the degree to which you do care for your club.
However there has to come a time when you draw a line in the sand and say 'no more.'
You can't continue to 'flog a dead horse.'

Look to the future, get the Vics fans together and start again. Create a team....it is possible, other clubs have done it and are beginning to see the reward for their labours.
Dear Jim. I don't believe you no longer care. I admire you for the degree to which you do care for your club. However there has to come a time when you draw a line in the sand and say 'no more.' You can't continue to 'flog a dead horse.' Look to the future, get the Vics fans together and start again. Create a team....it is possible, other clubs have done it and are beginning to see the reward for their labours. THETELLEROFTALES
  • Score: 0

9:23am Tue 1 May 12

Jim Budden says...

JB
Yes ToT I do care about the Vics I am going to Winsford tonight and hopefully we will have a team to put out, I would not blame the players if some of them don't turn up, they have been let down badly, if they do then we have a start for next season. But things have to be put in place so we are not in the same position this time next year, we need to be playing locally, as people are not going to go to Stafford to watch NPL 1 matches, that is stretching loyalty to far.
As you say ToT if we have the right people working together then we can get back up, but it is going to be a long hard slog, hopefully we will see you before to long.
Jimbo
JB Yes ToT I do care about the Vics I am going to Winsford tonight and hopefully we will have a team to put out, I would not blame the players if some of them don't turn up, they have been let down badly, if they do then we have a start for next season. But things have to be put in place so we are not in the same position this time next year, we need to be playing locally, as people are not going to go to Stafford to watch NPL 1 matches, that is stretching loyalty to far. As you say ToT if we have the right people working together then we can get back up, but it is going to be a long hard slog, hopefully we will see you before to long. Jimbo Jim Budden
  • Score: 0

11:57pm Thu 3 May 12

jamo says...

Petitt is a crook
Petitt is a crook jamo
  • Score: 0

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