Stewart Davies Explained

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

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]

Notes and References

  1. News: New Year is the best time to go headhunting . The Northern Echo . reprint hosted by NewsBank . 31 January 2006 . 3 January 2012.
  2. News: Sterling service comes at a price for those who can afford it least . David . Conn . The Independent . reprint hosted by NewsBank . 3 April 2004 . 3 January 2012.
    News: The white knights leading charge to buy out Quakers . The Northern Echo . 17 March 2004 . 3 January 2012.
  3. News: Barnsley still facing an uncertain future . David . Conn . The Independent . reprint hosted by NewsBank . 4 January 2003 . 3 January 2012.
    News: Ridsdale left bruised but unbowed by Leeds gamble . David . Conn . The Independent . reprint hosted by NewsBank . 1 November 2003 . 3 January 2012.
  4. News: Creditors call for investigation after Darlington escape administration . https://ghostarchive.org/archive/20220525/https://www.independent.co.uk/sport/football/news-and-comment/david-conn-creditors-call-for-investigation-after-darlington-escape-administration-565070.html . 25 May 2022 . subscription . live . David . Conn . The Independent . 29 May 2004 . 24 February 2010.
    News: Don't Kill The Club  - Finance Group's Appeal To Creditors . The Northern Echo . 14 May 2004 . 3 January 2012.
  5. News: We won't stand still . Andrew . Wilkinson . Evening Gazette . Middlesbrough . 5 March 2005 . 24 February 2010.
    News: Davies Learning The Hard Way . The Northern Echo . 11 February 2006 . 3 January 2012.
  6. News: New Quakers chairman salutes Davies . Paul . Gilder . The Journal . Newcastle . 18 March 2006 . 24 February 2010.

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