under football league rules i think football creditors have to be paid off in full
which was part of the problem with the Leeds fiasco over the summer (iirc).
their initial plan, which was in line with the football league's rules meant that HMRC were getting f**ked over on the tax they were owed and so they complained and then Bates had to come up with a new deal.
(the odd thing is (again iirc) is in normal businesses HMRC are always first in line when it comes to getting their money - i guess though that may be for businesses that go into liquidation rather than administration, but that's just a guess on my part)
Posted By: blindasabat on October 25th 2007 at 10:33:25
Message Thread
- Neil Doncaster strikes again! (NCFC) - The King of Prussia, Oct 25, 09:41:38
- How much is outstanding? (NCFC) - yarmyyarmy, Oct 25, 10:07:45
- under football league rules i think football creditors have to be paid off in full (NCFC) - blindasabat, Oct 25, 10:33:25
- Well... (NCFC) - The King of Prussia, Oct 25, 10:36:38
- is the embargo until they pay for Best? (NCFC) - blindasabat, Oct 25, 10:38:51
- Think so (NCFC) - The King of Prussia, Oct 25, 10:44:12
- why don't they just sell a player and get some money that way? (NCFC) - blindasabat, Oct 25, 10:52:43
- Think so (NCFC) - The King of Prussia, Oct 25, 10:44:12
- is the embargo until they pay for Best? (NCFC) - blindasabat, Oct 25, 10:38:51
- Unless you are Ipswich (n/m) (NCFC) - Steve in Holland, Oct 25, 10:35:29
- and wasn't that before the new rules/guidelines on football clubs going into administratio (NCFC) - blindasabat, Oct 25, 10:39:30
- Well... (NCFC) - The King of Prussia, Oct 25, 10:36:38
- Not sure (NCFC) - The King of Prussia, Oct 25, 10:18:46
- Isnt it standard for fees to be paid over a number of years (n/m) (NCFC) - earlydoors, Oct 25, 10:30:58
- Is it? (NCFC) - The King of Prussia, Oct 25, 10:31:51
- Isnt it standard for fees to be paid over a number of years (n/m) (NCFC) - earlydoors, Oct 25, 10:30:58
- under football league rules i think football creditors have to be paid off in full (NCFC) - blindasabat, Oct 25, 10:33:25
- Talking of Leon (NCFC) - Nelsons final flanel, Oct 25, 09:45:26
- We sent him to Coventry (n/m) (NCFC) - Steve in Holland, Oct 25, 09:46:36
- I know, but (NCFC) - Nelsons final flanel, Oct 25, 09:48:04
- Started 6 so far this season.. (NCFC) - trueyellow, Oct 25, 09:52:46
- LOL. (n/m) (NCFC) - tim berry, Oct 25, 09:47:51
- I know, but (NCFC) - Nelsons final flanel, Oct 25, 09:48:04
- We sent him to Coventry (n/m) (NCFC) - Steve in Holland, Oct 25, 09:46:36
- How much is outstanding? (NCFC) - yarmyyarmy, Oct 25, 10:07:45
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