Boston United had just crashed out of the Football League with debts of £3.5m and were teetering on the brink of liquidation.
Sympathy, however, was in short supply. Shortly after winning promotion to the EFL in 2002, Boston were found guilty of falsifying salary details on player contracts lodged with the FA.
Owner Pat Malkinson and manager Steve Evans received bans (and eventually criminal convictions), but the club’s promotion was permitted to stand, to the understandable fury of a Dagenham side they’d narrowly pipped to the Conference title.
The stench of injustice lingered throughout their five-year tenure in the Football League, and intensified on the final day of the 2006-07 campaign.
After an 87th-minute winner for Wrexham condemned the financially-stricken Pilgrims to relegation, chairman Jim Rodwell entered the club into a Company Voluntary Agreement, cynically ensuring that the immediate ten-point penalty would be meaningless.
It worked, but only to a point. Though docked no points for the following season, the terms of Boston’s CVA precluded them from paying football creditors in full, a breach of FA rules that demanded a two-division demotion. The Pilgrims were heading for Step 2.
By the time Newton arrived at York Street a few months later, Boston were stony broke and despised throughout football, their name a byword for corruption and shameless deceit. Nobody would touch them with a bargepole.
Yet as Newton listened to the desperate pleas of supporters and employees, he was moved to help.
“I sat in bed that night thinking about what it might cost and how long it would take,” recalls the 65-year-old, whose company Chestnut Homes had previously sponsored the club’s shirts.
“It was quite literally on the back of an envelope. I came up with no more than half a million and no more than two years. The club would be back in the National League and then we’d be out.”
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
CRAIG'S BOOSTS
MANAGERIAL stalwart Craig Edwards is back in charge of Barking – 23 years after he left!
LENNIE GETS THE LOVE
VETERAN caretaker chief Lennie Lawrence says he is “excited” to be handed the reins at Hartlepool United permanently – just a few weeks before his 77th birthday!
MOTORS FEELS LIKE HOLMES!
WHEN he was younger, Danny Holmes played video games that simulated being a football manager.
REES HITS FAB FOUR AS TOWN ROMP IT
RICARDO REES struck four times to help Merthyr Town maintain their spot at the top of the table with a dominant home win against play-off chasing Havant & Waterlooville.
DULWICH DISPLAY DELIGHTS COACHES
GOALS from Danny Mills, Luke Wanadio and Lorenzo’s stoppage-time finish fired Dulwich Hamlet to a comfortable win over fellow play-off hopefuls Potters Bar Town, though the scoreline doesn’t tell the full story.
ANCHORS A RAPID
ASHTON UNITED hit two goals in two minutes to come from behind to win at Stockton Town.
SEAGULLS KEEP THE HEAT ON ROMANS
BATH City were made to pay for their mistakes by high-flying Weston-super-Mare.
CLINICAL COLEMAN KEEN AS MUSTARD
CIAN COLEMAN’S hat-trick lifted Buxton to their highest league position of the season as they became the latest side to frustrate Scunthorpe.
KEV SEES RED IN REE PANT!
SOUTHEND United boss Kevin Maher hit out at referee Abigail Byrne following his side’s defeat to Yeovil Town at Roots Hall.
MARVEL MATTY DENIES MOORS
BOTH managers insisted their teams deserved more after Altrincham came from behind to steal a point in a six-goal thriller at Solihull Moors.