Charlton's Allsports debt said to be £117,500
The Sunday Times has listed Allsports' major creditors in tomorrow's paper following a report by it's administrators
BDO Stoy Hawyard.
Huge private equity and venture capital provider
3i is the sportswear companies largest unsecured creditor with £2.5m owed. Not a great return for a company that invested £15m 8-years ago and had a 30% stake in the company. Other large creditors include Adidas, which is due £1.2m, and Puma, with £762,000.
The Addicks were mentioned as being owed £117,500, a lot less than the £700,000 originally thought.
Rather funnily the paper also said that the
Office of Fair Trading was owed £1.4m, a fine that it imposed on Allsports in August 2003 after a two-year investigation into price-fixing of replica England and Manchester United football shirts. A spokesman for the OFT refused to comment on why it had failed to collect the money before the company collapsed. (
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BDO Stoy Hawyard's report warned that unsecured creditors might not receive a penny from the bankrupt company, who went into administration, it was said, after realising that they could not afford to put Christmas stock into their stores.