Vital Football

Latest Walsall FC News

Walsall and Terry Ramsden

Walsall and Terry Ramsden

The larger than life ex owner Terry Ramsden is in the news for the wrong reasons again. The lawyer.com reports that he is been sued again.
To read the story click HERE
Edwin Coe has kickstarted a legal battle against its flamboyant convicted fraudster client Terry Ramsden.

The commercial law firm is suing Ramsden - an entrepreneur who is said to have gambled £77m on horse races in two years - for more than £125,000 for failing to pay his bills for professional legal services and disbursements rendered for almost a year from the end of September 2004.

Edwin Coe is claiming a total of £125,061.85, with interest of £10,059.77 to date and a continuing interest of £24.41 a day from the prolific gambler.

Of course to Walsall fans the name brings together some mixed emotions. When Walsall were in financial trouble and moves were afoot to ground share with Blues. Barrie Blower and the first Save Our Saddlers campaign saw protests and marches from Walsall town centre to Fellows Park.

The SOS campaign discovered Terry Ramsden whilst Barry read a newspaper having his haircut so the story went. Ramsden made his fortune in the 1980s by gambling on the Japanese securities market. .

To cut a long story short Terry Ramsden came flying in as saviour in a blaze of publicity. He promised a great deal, a free christmas Turkey for the oap saddler fans and the promise of promotion to what is now the championship.

He delivered both, but at a price. As the rotator blades of his helicopter slowed down, the breeze was strong enough to blow away then walsall legend and manager Alan Buckley. In came Tommy Coakley to say that was a shock appointment was an understatement. Ramsden also brought in the money to pay to bring in players such as Trevor Christie and pay there wages out of his own pocket. His money prevented the fire sale of future stars such as David Kelly. Promotion was achieved but just as a new promise land and a bright future seemed to be on the horizon things went wrong.

A fall in the market cost Terry Ramsden all his money making him bankrupt. Also investigations into fraudalent dealings meant the end was nigh. Then Terry did the best thing he could for Walsall football club, he sold it just before his assets were seized. A move which saved Walsall from not just administration but liquidation, without that final act there would have been no Walsall FC to write about today.

Of course that left us bankrupt not only in terms of money but also on the pitch as stars such as David Kelly was sold only to be replaced with the likes of Dale Banton, Howard Pritchard etc. after a record equaling run of consecutive defeats we plunged to the depths of league four. Where the club finally rose like the phoenix out of the ashes, only to fall back again in recent years.

People will argue if Terry Ramsden was good or bad for Walsall. I for one liked the cheeky cockney barrow boy. I shared his dreams of greatness and wonder what would have happened if the money hadn't gone, would we have invested some of the 70 million he lost on the horses in getting walsall into top flight football....who knows.

I have two lasting memories of Terry Ramsden, firstly the memory of bunking off school to see his arrival, central TV camaras and all. My other memory is self made, the mental picture of Terry in his cell scanning the papers for Walsall's results.....I wonder if that ever did happen.

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football


Click here to join in the debate on the club forum.

Writer:Jorge's Jottings
Date:Monday February 5 2007
Time: 6:59PM

Comments

0
Thats a blast from the past, how many of todays younger fans aware of the Wheldon Ramsden eras
Big No 9
05/02/2007 19:03:00
Page 1/1
  1. 1

Login to post a comment

Recent Walsall Articles

Rico Henry Called Up By England

Rico Henry called up to represent England Under 19's in summer tour of Mexico.

Preston North End Line Up Bradshaw Bid

Sources suggest £400,000 bid set to be offered by Championship club Preston.

Walsall To Travel To Luton For Pre Season Friendly

Saddlers will travel to Luton Town on Saturday 30th July for a pre season friendly.

Morris Signs New Two Year Deal

Talented winger signs new two year deal keeping him at WS1 until Summer 2018.

Archived Vital Saddlers Articles

Vital Saddlers articles from

Site Journalists

Kev
Editor email
Profile

Current Poll (see more polls)

Who Will Win League 1 Play-Offs?
Suggested By: Vital Kev
Walsall33%
Barnsley50%
Millwall15%
Bradford2%

League Table

# Team P W D L Pts. GD
C Wigan 46 24 15 7 87 37
P Burton 46 25 10 11 85 20
3 Walsall 46 24 12 10 84 22
4 Millwall 46 24 9 13 81 24
5 Bradford 46 23 11 12 80 15
6 Barnsley 46 22 8 16 74 16
7 Scunthorpe 46 21 11 14 74 13
8 Coventry 46 19 12 15 69 18
9 Gillingham 46 19 12 15 69 15
10 Rochdale 46 19 12 15 69 7
11 Sheff Utd 46 18 12 16 66 5
12 Port Vale 46 18 11 17 65 -2
13 Peterborough 46 19 6 21 63 9
14 Bury 46 16 12 18 60 -17
15 Southend 46 16 11 19 59 -6
16 Swindon 46 16 11 19 59 -7
17 Oldham 46 12 18 16 54 -14
18 Chesterfield 46 15 8 23 53 -12
19 Fleetwood 46 12 15 19 51 -4
20 Shrewsbury 46 13 11 22 50 -21
R Doncaster 46 11 13 22 46 -16
R Blackpool 46 12 10 24 46 -23
R Colchester 46 9 13 24 40 -42
R Crewe 46 7 13 26 34 -37
Latest F1 News
Latest Vital Boxing News

Recent Walsall Results (view all)