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Gaardsøe Cash Still Owed
Gaardsøe Cash Still Owed
Wednesday, 6th Aug 2003 23:38

Town chief executive Derek Bowden has revealed to TWTD that the Blues still owe Thomas Gaardsøe's former club AaB Aalborg a payment due from when the Dane made his 40th Town appearance.

When Gaardsøe, now at West Brom, signed at Portman Road in August 2001 the Blues agreed to pay the Danish side £100,000 when the central defender made his 20th and 40th appearances. However, when the Dane reached 40, in the away game at Crystal Palace on March 11th, the Blues were in administration.

Bowden told TWTD that the issue is whether the Danish side count as a football creditor: "His 40th appearance came during the administration process so there is an issue as to whether AaB Aalborg are a football creditor or an unsecured creditor.

"The contract was signed pre-administration, but the event - the 40th appearance - came during the administration and is therefore a debt of the administration and is unsecured. The issue is being discussed between the two clubs, the FAs and FIFA.

"If the ruling is that we have to pay 100% then we'll pay 100%, if the ruling is that they are an unsecured creditor then we'll pay the 5%."

The full text of TWTD's interview with Derek Bowden can be read in the latest issue of TWTD, available from our sellers around Portman Road prior to the games with Reading and Kidderminster, or via a subscription at " target="_blank">

Photo: Action Images

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