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Sep 11, 2019, 2:20 PM
Team(s): Tranmere Rovers, South Liverpool (the South will rise again), Cammell Laird
Quick look at the accounts at Companies House shows £2k of assets and £1.4m of liabilities, mainly directors' and shareholders' loans. This was before the takeover so presumably some kind of agreement was reached to either write these loans off or possibly defer them.
Beyond that, I imagine the commercial logic behind the takeover was simply to run a club in the NLS and, as mentioned, the only real 'asset' of the club in that regard would be its membership of the NLS. This won't be in the accounts but it'll 'belong to' the limited company, in that the company is presumably the entity affiliated to the FA.
I don't know if the FA has a publicly available register of who's affiliated to it although it does have an online 'find a club' facility which might go some way to fulfilling that purpose. They will, however, have defined procedures for dealing with affiliation issues of the type you mention - I haven't checked but they may be in the FA Handbook that you can download online.
Afaik an affiliated club does not need to be a legally constituted entity (company, trust etc) since some clubs still operate as unincorporated committees. Also, the fact that clubs can change from one vehicle to the other suggests that membership of the FA is transferable in that sense. Otherwise, as is presumably the case with W&H, it'll be the limited company that has the affiliation, regardless of any changes in ownership of the company.
I say all that with one caveat. A few years ago Cammell Laird had an ownership issue which culminated in the club becoming known as Cammell Laird 1907. This turned out to be a separate entity and was treated, to all intents and purposes, as a new club (but retaining its place in the NLS). The whole thing was shrouded in mystery and, although I don't think there was anything particularly sinister behind it, I never did get to the bottom of it.
(This post was edited by paulh66 on Sep 11, 2019, 2:28 PM)