Stewart Davies

Stewart Davies was chairman of Darlington Football Club from 2004 to 2006.

For the Australian bowls player, see Stewart Davies (bowls). For the rugby player, see Stuart Davies. For the Aboriginal Australian artist, see Rainbow cave. For those of a similar name, see Stuart Davis (disambiguation).

Davies is an accountant with many years experience as senior partner in an insolvency practice.[1] He, Melvyn Laughton and Sean Verity made up the Sterling Consortium, who offered high-interest loans to Football League clubs after the collapse of ITV Digital left many in financial difficulties and unable to obtain finance elsewhere.[2] Recipients included Chesterfield, Barnsley, and Cambridge United.[3]

In 2002, Darlington F.C. chairman George Reynolds borrowed from the consortium and from Davies personally in order to complete construction of the club's new stadium, the Darlington Arena. When Reynolds put the club into administration, Sterling took control of the club and Davies became chairman.[4] He and his staff stabilized the club, both financially and in terms of its relationship with supporters [5] before in March 2006 selling it to property tycoon George Houghton.[6]

References
  1. "New Year is the best time to go headhunting" (reprint hosted by NewsBank). The Northern Echo. 31 January 2006. Retrieved 3 January 2012.
  2. Conn, David (3 April 2004). "Sterling service comes at a price for those who can afford it least" (reprint hosted by NewsBank). The Independent. Retrieved 3 January 2012.
    "The white knights leading charge to buy out Quakers". The Northern Echo. 17 March 2004. Retrieved 3 January 2012.
  3. Conn, David (4 January 2003). "Barnsley still facing an uncertain future" (reprint hosted by NewsBank). The Independent. Retrieved 3 January 2012.
    Conn, David (1 November 2003). "Ridsdale left bruised but unbowed by Leeds gamble" (reprint hosted by NewsBank). The Independent. Retrieved 3 January 2012.
  4. Conn, David (29 May 2004). "Creditors call for investigation after Darlington escape administration". The Independent. Retrieved 24 February 2010.
    "Don't Kill The Club – Finance Group's Appeal To Creditors". The Northern Echo. 14 May 2004. Retrieved 3 January 2012.
  5. Wilkinson, Andrew (5 March 2005). "We won't stand still". Evening Gazette. Middlesbrough. Retrieved 24 February 2010.
    "Davies Learning The Hard Way". The Northern Echo. 11 February 2006. Retrieved 3 January 2012.
  6. Gilder, Paul (18 March 2006). "New Quakers chairman salutes Davies". The Journal. Newcastle. Retrieved 24 February 2010.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.