Latest news with #financialwoes
CTV News
14 hours ago
- Business
- CTV News
Fauquier-Strickland gets $300K lifeline from province
The Township of Fauquier-Strickland, northwest of Timmins, will get $300,000 in one-time funding from the province to address financial woes after accumulating $2.5 million in debt. Ontario's Associate Minister of Municipal Affairs and Housing Graydon Smith says officials are working with the township but long-term solutions remain unclear.
The Sun
4 days ago
- Business
- The Sun
Former EFL side SUSPENDED by National League over serious financial issues and KICKED OUT of cup competition
MORECAMBE have been SUSPENDED by the National League and KICKED OUT of cup competition amid their financial woes. The Shrimps were relegated from League Two last season as they fell out the EFL for the first time since 2007. 1 Morecambe owner Jason Whittingham took over in 2018 but has been looking to sell for the last three years. Despite bids to buy the club, a sale has still not gone through and has left the club suspended from National League competition. A statement read: "The National League's Compliance and Licensing Committee reconvened this afternoon to debate the on-going concerns surrounding Morecambe Football Club and its compliance with National League rules. "Discussions regarding the Club's ability to meet its financial obligations for the 2025/2026 season have again taken place. "It was decided further sanctions must be imposed, with the Club's membership to be suspended with immediate effect. "The Club will also remain under embargo ahead of the new season. "Morecambe Football Club will also be removed from the National League Cup for the forthcoming season. "The Committee will meet again on Wednesday August 20 to determine if outstanding items have been satisfied, and to decide the Club's ability to retain Membership in the Competition." A group named the Panjab Warriors had a takeover bid approved by the EFL in June. The board threatened to put Morecambe into administration to force through the sale. But Whittingham responded by sacking the entire board before later inviting them back to oversee the final stages of the takeover. Then just a few days later they resigned when control was still not relinquished by Whittingham. The owner then said a last-gasp bid was made by a group led by investor Jonny Cato. Fans are still waiting for a sale and legal action is being threatened by a group of minority shareholders. Rugby club Worcester Warriors were expelled from the Premiership under Whittingham's management in 2022.
Daily Mail
24-07-2025
- Business
- Daily Mail
James Haskell's debt hits £1.5 million amid legal row over damaged property at his failed rented gym
James Haskell 's financial woes have been revealed as he enters litigation with his landlord over damaged property and equipment from his failed gym business. The former rugby star, 40, opened a F45 fitness centre in Bath seven years ago, which never survived the pandemic, and is now in nearly £1 million debt. According to its latest accounts, Hask 45 (Bath) Ltd reveals that it is in 'an ongoing legal dispute with the landlord in respect of rent, and other services including repair of the damage site and equipment'. The firm is now £927,738 in the red - although £437k of that figure is to another of the 40-year-old's firms. Plans to expand the fitness enterprise to London and Manchester ground to a halt during the pandemic - Hask 45 (Manchester) Ltd was shut down in March 2021 and Hask 45 (Richmond) Ltd shut down in September 2022. Another of his firms Hask 45 Ltd is £456,367 in debt, according to accounts filed this month and upto 31 May 2024. James has also got two other sport companies in the red. James Haskell Health & Fitness has losses of £58,318 while Rugby Connections UK is £68,855 in debt. In total, the debt from the four firms comes to £1,511,278. The ex-England international first announced his plans to open a F45 franchise site in 2017. He said: 'I tried F45 in the US when I was over there on holiday. I found the circuit based training really engaging and fun. 'It's all the kind of stuff I would use to get fit for rugby, and for the majority of people, regular F45 sessions are everything they need to maintain and achieve good levels of fitness. 'I think people are crying out for an accessible, group-based fitness programme that isn't intimidating, and most importantly delivers amazing results. That is what F45 is all about and why I am so delighted to be involved. 'I have always loved Bath as a city, it's rich in rugby history and has a young, fitness-focused demographic, which suits our target audience and ambition.' It comes after James recently discussed what really caused his marriage to Chloe Madeley to end after five years. Haskell and Chloe, 37, the daughter of television presenters Richard Madeley and Judy Finnigan, split when their daughter, Bodhi, was aged just one at the time. He explained his love of boozing contributed to the demise of their union. 'If I put more time into my marriage than I did Guinness, then I wouldn't be divorced now,' Haskell said. Speaking at the Pub in the Park festival in west London, James said he now has a much better relationship with Chloe. 'It's one of those things in life where some things don't work out, but I have so much love for my daughter and Chloe,' he told the Daily Mail's Richard Eden. 'It's team work.' He added: 'What we all forget is when you have children and a marriage finishes, it's all about the kids. Chloe and I are amazing co-parents. Our priority is always Bodhi.' Haskell said he's now single after dating advertising executive Helen Barclay at the start of the year. 'I don't really date,' he says. 'My priority is not that at the moment. I don't need anyone. I'm very happy and comfortable. 'My focus is, obviously, saying goodbye to my dad, work, and being the best dad in the best order.'
Daily Mail
19-07-2025
- Business
- Daily Mail
EXCLUSIVE EastEnders star Martine McCutcheon is declared BANKRUPT... 11 months after ending her marriage
EastEnders legend Martine McCutcheon has been declared bankrupt – just months after the break up of her marriage, MailOnline can reveal. The 49 year old actress - who also appeared in Love Actually - filed a petition for her insolvency over a debt to a finance company, official public records reveal. McCutcheon's financial woes follow soon after the very public split from husband Jack McManus, with whom she shares a ten-year-old son. The couple, who had married in a lavish event at Lake Como in Italy in 2012, announced their split late last year. And her bankruptcy was issued just two months after McCutcheon and musician McManus, 42, sold the family home they had shared, a five bedroom detached home in Surrey for £1,355,000, as they went their separate ways. The bankruptcy order was made in her married name – Martine McManus - despite her being formally single by the then. It was issued in March at the County Court in Guildford, Surrey following a petition filed by a company called LDF Finance to whom she owed an unspecified sum of money. But that wasn't the only financial blow to strike her soon after the marriage split: her company Raven Music Ltd was also wound up just last month at the request of HMRC due to unpaid tax bills, MalOnline has learned. The most recent accounts for the company reveal that it owed more than £175,000 to the taxman, payable in the 12month period after February 2022. McCutcheon's total personal tax bill has not been revealed, and it is not known if the Official Receiver will apply for a public examination of her bankruptcy which would disclose her financial affairs to the world. As Martine's finances were unravelling, the actress continued to put on a brave face in public: that same month that her music company was hitting the buffers, for example, she posted on social media about a day out with her son Rafferty and their dog. She wrote: 'I love being by the water… ⛵️���� The Uk has SO many beautiful places and in the sunshine, it really does take some beating doesn't it? �� This is us on Hampton court river…. We booked a boat, and took a little picnic and it was gorgeous!! ' This is actually the second time that the actress - whose net worth was once estimated as being over £2 million - has been declared bankrupt, having previously endured the distressing legal process in 2013. That earlier bankruptcy came after she reportedly racked up £187,000 of debts,which included £150,000 owed to HMRC. But McCutcheon is believed to have been discharged from that previous bankruptcy in 2014, allowing her to get back on her feet financially. She and her husband were certainly solvent enough to be able to splash out £1.3m on buying their dream detached home in Surrey in June 2022. But the move to a dream home didn't save the relationship of the couple who revealed last August that they were splitting up last August after 18 years together. And McCutcheon revealed last year that her husband had ended their relationship. Sources close to the star indicated she desperately tried to save her marriage but eventually accepted her husband's decision to move on. In her split statement, which she posted on Instagram, McCutcheon wrote: 'After much thought and consideration, Jack has decided it's best for us to separate after 18 years together and I accept his decision.' She later added: 'I continue to send Jack, all the love, luck and happiness for the next chapter of his life.' It later emerged that they had put their home on the market three months earlier in May last year with an asking price of £1.5m. They later reduced the price to £1.25m – meaning they faced making a loss on the property – before securing a sale in January this year for £1,355,000, according to Land Registry records. The actress has now downsized and is believed to live in a rented three bedroom Victorian terraced home in a nearby town in Surrey. McCutcheon shot to fame in 1995 at the age of 18 when she played Tiffany Mitchell in EastEnders and stayed in the BBC1 show until 1998 when her character was killed off. She went on to launch a pop career, and had a number one hit in 1999 with her song Perfect Moment. McCutcheon went on to have a number of TV roles and won a Laurence Olivier Award in 2002 for playing Eliza Doolittle in the National Theatre's stage production of My Fair Lady. She also starred with Hugh Grant, Keira Knightley and Colin Firth in the 2003 hit film Love Actually, and went to America in the wake of its success, but a Hollywood career did not materialise. Her novel The Mistress became a top ten bestseller in 2009 and she went on to be the face of Dantone's UK advertising campaign for its Activa yogurt. She was said to be earning just £1.50 an hour in Knicker Box before her EastEnders role which set her on the path to amassing a reported fortune of £1.5million. McCutcheon has previously admitted she is 'materialistic' and has a love for the finer things in life. She once said: 'I love nice things – I consider Ralph Lauren sheets to be a necessity, not a luxury – but I've known what it's like to be poor. 'I'm a Taurean, so I'm very passionate and determined and materialistic. Down the years I've spent a lot of money and saved a bit of money and had a lot of fun. 'And yes, if it all ended tomorrow and I could never afford another Gucci bag, then I think it's safe to say that I've got enough to be going on with.' A source told MailOnline: 'Martine's had an incredibly tough few years, not just in her personal life, but her businesses too. 'Unfortunately the bankruptcy was unavoidable, but she's seeing it as a fresh start and will look to bounce back. She's done it before and she'll do it again.' In an interview with BBC4's Woman's Hour, she admitted that she turned into a recluse when her marriage first came under strain. She said: 'I didn't want to answer my phone. I didn't want to answer the front door, go outside and I would panic out of nowhere and have to pull over when I was driving because I felt this huge fear and couldn't breathe.' The actress added: 'I genuinely felt I was losing my mind. I didn't know if I really was or if it was something that was perimenopausal. 'It would just come on out of nowhere and when I spoke to my specialist about it she said, 'You know this is sadly the case for many women.' McCutcheon's health was also deeply impacted by the shock death in 2022 of her brother LJ (Lawrence John) who had a mild form of special needs and passed away with 'no medical explanation'. The website designer had been due to get married a month before his death and McCutcheon was going to be a bridesmaid. Following his death, McCutcheon who was already living with ME (chronic fatigue syndrome) admitted she had been diagnosed with Attention Deficit Disorder (ADD). Speaking on the A Gentle Star: The Showercast podcast, she admitted she had been in denial about having the condition. She said: 'At first I went into I went into denial, completely into denial, because my brother had passed away. 'I've been diagnosed with ME, and I just thought, I can't take this diagnosis on and whatever it means. I need to just keep going at life the way that I am. And in a way, I was kind of right. 'And then when I did finally look at it, I cried, I cried, cried and cried, I grieved, and it was just for if only I'd known how different things could have been, how much more with ease I would have been able to have done things.' McCutcheon added: 'I always felt there were certain things that I looked at differently, different things I struggled with compared to other people, but different things I found so easy, and I realised, when I got my ADD diagnosis, that I had spent so much time trying to be a square in a round circle, and it was exhausting. 'It was so draining. It was just so hard. And in a way, I feel like I wasn't meant to find out, as sad as it was, because I did lose a lot of things in my life. 'I did struggle with a lot of things that I don't think I would have done necessarily. I think that if I'd have known before those four years ago that I had ADD, I don't know if I would have been able to have coped with it the way that I do now.' McCutcheon set up her company Raven Music Ltd in February 2017, according to Companies House records. Its last accounts filed in February 2023 showed it had assets of £272,977 including more than £211,000 in cash in the bank in February 2022. But at the same time, it had debts falling due for payment in the future for £255,693, including £110,000 in Corporation Tax and £64,790 in other HMRC payments The company faced a notice for compulsory strike off in February last year, but it was suspended two weeks later before being wound up at the request of the HMRC.
The Sun
17-07-2025
- Business
- The Sun
Calamity club once sponsored by Tyson Fury face being kicked out of league within days as local food bank steps in
MORECAMBE football club are days away from calamity amid their "soul-destroying" financial woes and collapsing takeover deals. The Shrimps face the possibility of being banned from playing their first National League game of the season, which is just three weeks away, after their owners have been unable to pay staff and players. 3 Morecambe are owned by Jason Wittingham's Bong Group Investments, but have been up for sale since 2022. Financial issues in that time has seen the club slapped with transfer embargoes and impacted on-field performances with Morecambe relegated twice in the last three years. Now players and staff are seeing their livelihoods impacted as the club have been unable to pay wages. The club's playing staff were paid just a third of their wages in June and will be able to leave Morecambe for free if they are not paid their next paycheck by Friday. Financial issues have also meant that school proms, weddings and wakes that were scheduled to be held at their ground, the Mazuma Stadium, have been cancelled. The dire financial straits have seen a local food bank offer to help employees struggling to make ends meet, while an Indian restaurant fed players for free earlier this month, according to the Guardian. Fans have even tried to raise funds for the players themselves, generating £362 in a whip-round that was politely refused by the team. Lifelong fan David Freer, 62, has described the whole ordeal as "soul-destroying" to the Guardian. 3 Fans have been left in the dark as a public war has played out between the club's current owners, their prospective buyers and the board of directors. The Bond Group had previously announced their intentions to sell the club to London-based investment firm Panjab Warriors - who have since loaned £6million to Morecambe. However, Panjab Warriors have since accused Bond Group of "deliberately jeopardising the very existence of the club in a last-ditch effort to alter terms that were already agreed". And things came to a head when Whittingham announced last week that he is selling the club to a mystery third party and not the Panjab Warriors - who had already been ratified by the EFL. SunSport have contacted Morecambe and the National League for comment. Labour MP for Morecambe and Lunesdale, Lizzi Collinge, suggested that Whittingham is using the club to leverage his own finances. Using parliamentary privilege in the Commons last week, she said: "I suspect that Jason Whittingham has built a house of cards, and it is now falling down around his ears. 'Morecambe FC is being held hostage, and it breaks my heart … The likes of Jason Whittingham should never have been allowed to buy a football club.' Panjab Warriors have also announced that is is considering legal action against the Bond Group for possible "misrepresentation and bad faith dealing'. The club is on the brink of collapse and could be the latest to fall victim to the gaping holes in rules surrounding football governance. It all comes just four years after Morecambe were playing at the highest level they ever have in their history in League One. The Shrimps have even had sponsorship from local fan Tyson Fury in the past. Former boxing heavyweight champion Fury has even floated the idea of purchasing the club himself in the past. Speaking to TalkSPORT in 2022, he said: "I'm thinking about buying Morecambe Football Club, they're in League One at the moment. "So I was thinking I invest X amount of millions in them. Basically throw it at them and keep them going up. "I've been offered to buy Morecambe Football Club. I own all the training facilities anyway and the training gym. So who knows? "You might be looking at a football club owner."
