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Archived News from December 2012

15th December 2012 22:55

Mansfield Town settle winding up petition issued on behalf of former owner Andy Perry
chad.co.uk, By Stephen Thirkill, Thursday 13 December 2012

MANSFIELD Town have settled the winding-up petition served upon them by former joint owner Andy Perry.


Mr Perry - together with Steve Middleton and Andy Saunders - bought the football club from Keith Haslam in 2008 with each of the three directors injecting money into the club.

The winding up petition had been made by Tansley company Minotaur Asset Finance Limited at the end of August as part of a bid to recover an £85,000 loan, plus interest. None of the other former directors have asked for repayment of their loans.

The news is another positive for Stags and follows their memorable victory over Lnlcoln City, which has set up a lucrative FA Cup third round tie with Premier League giants Liverpool.

Chairman John Radford confirmed an out of court settlement had been reached and said: “The good thing about this cup run is that we have been able to settle the winding up petition.

“It breaks my heart when people put money into a club and then expect it back, it is something that I would never do.

“As a chairman of a football club, you put money and write it off as a loss. It is very hard for a club at this level to make money.

“I love Mansfield Town and I will always do my very best for the club.”


Mansfield Town settle with Andrew Perry out of court
Thursday, December 13, 2012 Nottingham Post

THE winding-up petition issued by former chairman Andrew Perry against Mansfield Town over an £85,000 loan (about £92,000 with interest) has been settled out of court, the Stags confirmed last night.

It had been presented by Minotaur Asset Finance Limited, the Matlock-based company who had agreed to try and obtain repayment of Perry's loan to the football club.


Perry is a former chairman and the case was opened and adjourned at Companies Court in London in October.

The order was to recoup a near six-figure sum, with multi-millionaire owner John Radford passing it onto the club's lawyers.

A statement from Mansfield Town at the time said: "The petition relates to Andy Perry, a former chairman of the club, trying to recover the £85,000 loan he made to the football club together with interest (around £92,000 in total).

"The matter is being dealt with by the club's solicitors."

Details of the out-of-court settlement have not been disclosed



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