Addictions ravage her marriages collapse around her and health and weight problems haunt her

23 Sep
2010

Addictions ravage her; marriages collapse around her and health and weight problems haunt her.About two years ago, she was at her nadir. The show, about dysfunctional families, is called Arrested Development.
Even those who adore Minnelli – who still smile at the memory of her portrayal of Sally Bowles in the 1972 film Cabaret – will ask whether Arrested Development might not also be an apt headline for her life. It has been eight years since the 57-year-old entertainer and daughter of Judy Garland has had any kind of screen- acting gig, but next month she is to appear in episodes of a new Fox TV sitcom in America. There is good news for Liza Minnelli fans. If Leeds avoids relegation, administration is not a foregone conclusion But refinancing choices are limited.

Philip Long of PKF, who is working on the administration of another club, Oldham, says: “The first option has to be some sort of insolvency option – they just cannot keep trading at a loss.” However you look at it, Leeds is in a mess.Whether their plight is indicative of football as a whole is up for debate. It was relegated last season but has put its finances in order by selling players and renegotiating wages. Says one analyst: “They actually run it like a business rather than a passion.” Mr Birch, take note.. Full-year results have been repeatedly delayed as management tried to strike a deal; Spurs has until Tuesday to get its results out or fall foul of Stock Exchange rules.Its situation is still not as dire as Leeds’: debt at the half-year point was around £17m and that is likely to be largely unchanged.Conclusive proof that Leeds’ woes really are unique comes in the shape of Sunderland, the final club reporting next week.

Certainly, the City’s love affair with all things football is over One club suffering as a result is Tottenham Hotspur. Earlier this year it optimistically announced plans to raise £10m but these have failed spectacularly – quite simply, no one is interested. The situation has caused a boardroom spat, with the finance director, Paul Viner, finally quitting last week. And there is another string to his bow – he is an insolvency expert.Whether his skills will be put to use, only time will tell. The changes look sensible: Mr Kenyon knows about turning financially sound football clubs into global brands while Mr Birch’s strengths lie in handling vast amounts of debt.

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