Stewart Davies
Encyclopedia
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. 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. Recipients included Chesterfield
, Barnsley
, and Cambridge United
.
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. He and his staff stabilised the club, both financially and in terms of its relationship with supporters, before in March 2006 selling it to property tycoon George Houghton
.
Darlington F.C.
Darlington Football Club is a professional association football club based in Darlington, County Durham, currently playing in the Conference National. The club was founded in 1883, and originally played its games at Feethams, before moving to the Darlington Arena in 2003...
from 2004 to 2006.
Davies is an accountant with many years experience as senior partner in an insolvency practice. 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
ITV Digital
ITV Digital was a British digital terrestrial television broadcaster, which launched a pay-TV service on the world's first digital terrestrial television network as ONdigital in 1998 and briefly re-branded as ITV Digital in July 2001, before the service ceased in May 2002. Its main shareholders...
left many in financial difficulties and unable to obtain finance elsewhere. Recipients included Chesterfield
Chesterfield F.C.
Chesterfield Football Club is an English football club based in Chesterfield, Derbyshire. The club currently plays in Football League One, the third tier of English football. Despite being the fourth oldest Football League club in England, they have spent most of their existence in the lower...
, Barnsley
Barnsley F.C.
Barnsley Football Club are a professional English football club based in the town of Barnsley, South Yorkshire. Nicknamed the Tykes, they were founded in 1887 under the name Barnsley St. Peter's...
, and Cambridge United
Cambridge United F.C.
Cambridge United Football Club is a professional football club from Cambridge, England. They are currently playing the 2011-2012 season in the Conference National, the fifth tier of the English league system, where they have competed since 2005 following their relegation from the Football League...
.
In 2002, Darlington F.C.
Darlington F.C.
Darlington Football Club is a professional association football club based in Darlington, County Durham, currently playing in the Conference National. The club was founded in 1883, and originally played its games at Feethams, before moving to the Darlington Arena in 2003...
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
The Darlington Arena
The Darlington Arena is a football stadium in England that hosts Darlington Football Club's home fixtures.-History:...
. When Reynolds put the club into administration, Sterling took control of the club and Davies became chairman. He and his staff stabilised the club, both financially and in terms of its relationship with supporters, before in March 2006 selling it to property tycoon George Houghton
George Houghton
George Houghton is a former property tycoon who was the chairman of Darlington Football Club. He became chairman in March 2006 following Stewart Davies. Houghton had apparently been reported to have given now former Darlington manager David Hodgson £2 million to spend in the summer transfer market...
.