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Archives for March 2010

Saving Notts County

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Simon Austin|11:25 UK time, Friday, 5 March 2010

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Munto Finance vowed to bring Championship football to Notts County within five years. In reality, they took the club to the brink of oblivion in five months.

The men who said they had the money to finance the dream - Nathan Willetts, his father Peter and Russell King - have apparently disappeared, but their destructive legacy remains.

County are £6.9m in debt. Their top earner is on £1m a year for five years, which accounts for about a third of the club's annual revenue. And the club has to pay the taxman £50,000 a month for the next year to stave off a winding-up order.

New owner Ray Trew and his chief executive Jim Rodwell are responsible for trying to clean the Augean Stables.

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