Holding company scam

Frankly if Southampton get away with the deduction virtually every club will go the holding company route.

The spirit of the rule is obviously to protect a club from the misfortunes of a much bigger owning entity which has little to do with the finances of the club.

i. e. A Bank owns a club...... they go bust because of bad loans to house owners then its not the fault of the club.

But from everything I have read, the reason the Southampton holding company is going bust is 100% directly linked to the debts of the club.

Its nothing short of a scam, shame that Derby County did the same thing a few years ago.
So its unlikley that any action will be taken if they survive the season.

Posted By: usacanary on April 2nd 2009 at 19:36:40

Message Thread

Holding company scam (NCFC) - usacanary, Apr 2, 19:36:40
- You really are thick aren't you? (NCFC) - Butterworth, Apr 3, 05:12:40
- But if they do get away with it (NCFC) - Exile, Apr 2, 22:09:50
- I dont really care what they do, I wont take any pride in staying up (NCFC) - conker, Apr 2, 21:09:14
  - I'd be happy to stay up (NCFC) - Kangol Canary, Apr 2, 21:26:11
- If its going to be discussed at the next football league board meeting (NCFC) - ede, Apr 2, 21:08:56
- as SCC said... (NCFC) - Brandonio, Apr 2, 20:08:13
  - I said it first and SCC copied me... (NCFC) - Fierce Panda, Apr 2, 21:15:22
  - rolf, stop stealing my lines (n/m) (NCFC) - Charles21, Apr 2, 21:12:08
  - So what Leicester City did was ok? (NCFC) - yarmyyarmy, Apr 2, 20:57:21
  - admit it, you're in love with SCC (n/m) (NCFC) - Duke Of Cock, Apr 2, 20:27:54
    - I did just do it for a laugh (NCFC) - Brandonio, Apr 2, 20:41:12
      - you cheeky chap (n/m) (NCFC) - Buckscanary, Apr 2, 20:44:05
  - Come off it both of you. (NCFC) - Arganth, Apr 2, 20:24:32
    - Indeed. I don't think this is about admin at all. (n/m) (NCFC) - TheHoolahanElement, Apr 2, 20:29:14
      - I think they want to administrate each other (n/m) (NCFC) - lurd, Apr 2, 20:33:12
  - I hardly think you can compare the two. (NCFC) - lurd, Apr 2, 20:24:07
- Whatever happened to the good old-fashioned administration...a la scum? (n/m) (NCFC) - TheHoolahanElement, Apr 2, 20:07:33
- Thinking about what happened to Leeds (NCFC) - Sir Lurkalot, Apr 2, 19:45:27
  - Leeds were fined 15 points (NCFC) - Badger, Apr 2, 19:59:50
    - Ah, I see. (n/m) (NCFC) - Sir Lurkalot, Apr 2, 20:12:13
- what we did with the loan rule is a scam too (NCFC) - SCC 28, Apr 2, 19:42:14

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