The Drum Awards for Marketing - Extended Deadline

-d -h -min -sec

Celtic FC Publishing Arsenal

Cre8 Publishing into liquidation, leaving creditors including Arsenal & Old Firm owed more than £2m

Author

By The Drum Team, Editorial

May 3, 2011 | 2 min read

Football and rugby clubs are among the unsecured creditors owed more than £2m as Cre8 Publishing, one of the UK’s biggest printers of matchday programmes, is put into liquidation.

Liquidation documents show Rangers owed almost £500,000, Celtic £400,000, Arsenal £270,000, West Ham £103,000 and Spurs £42,000.

Celtic fans were urged in November last year to apply to Cre8 for subscription refunds when the club cancelled its contract with the publisher due to allegedly unpaid royalties. Rangers likewise cancelled its contract telling fans to “cancel any direct debit payment with immediate effect”.

More recently Arsenal filed legal action over a claimed £270,000 of unpaid royalties.

The collapse comes just three years after the group’s predecessor company Cre8 UK collapsed owing creditors including Birmingham City and Watford more than £2.1m.

Celtic FC Publishing Arsenal

More from Celtic FC

View all

Trending

Industry insights

View all
Add your own content +