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 claims 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,” he said.