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Phill Babb - mefia mogul


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http://media.guardian.co.uk/presspublishin...1975878,00.html

 

Babb bails out Golf Punk

 

 

Paul Kelso

Wednesday December 20, 2006

The Guardian

 

 

The former Sunderland and Republic of Ireland defender Phil Babb has stepped in to save the award-winning Golf Punk magazine from closure, taking control of the publication through his company, JF Media.

Babb was an early investor in the title along with his former Sunderland team-mates Michael Gray, Thomas Sorensen, Stephen Wright and Jason McAteer, and steps in with the magazine facing financial difficulties.

 

With the departure in the summer of the finance director, Jonathan Stobart, a freelance who had worked for the former investor the Ingrams Partnership, it became clear that the publication was facing financial problems. Freelance contributors report not being paid for assignments and some have been told to collect their wages in cash. Stobart had also been the finance director of the Non-League Paper, which went into administration in June.

 

Stobart says that his departure from Golf Punk and the Non-League Paper was not connected with his management of the companies. "I refute any suggestion that there were problems with the Golf Punk accounts. I left in May and continued to have cordial relations with them after I left. It is absolutely not the case."

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