www.bbc.co.uk/sport/football/59358676 Shame on Derby County - remember that money owed is all money HMRC will need from elsewhere like you and me. The football authorities should do more and chuck them outta the league all together. Now that's a picture I would love to see of Wayne Kerr Rooney's face. St John Ambulance is owed £8,000. How an anyone defend that. Disgusting. Relegate these idiots now www.bbc.co.uk/sport/football/59263716
Last Edit: Nov 20, 2021 12:58:53 GMT by peespottage
The Football authorities introduced a "cut-off" date - after which points deductions apply in the following season - as clubs (such as Leeds Utd & famously Boston Utd) were abusing the system to start the following season without penalty.
Unfortunately they aren't the first football club to stiff their creditors and they won't be the last. As ex players like Ben Judge will know very well.
St John Ambulance is owed £8,000. How an anyone defend that. Disgusting.
Maybe St Johns ought to ask football clubs for cash up front, I seem to remember that they got screwed by Portsmouth a few years back and I very much doubt these are the only two clubs that have done them over
I'm really surprised that a change in the law has not been passed that would mean ALL creditors get the same percentage when any business goes bust/into administration.
Fair enough, you could argue that HMRC gets enough money but why are the plumbers and so on allowed to get less than the footballers?
I'm really surprised that a change in the law has not been passed that would mean ALL creditors get the same percentage when any business goes bust/into administration.
Fair enough, you could argue that HMRC gets enough money but why are the plumbers and so on allowed to get less than the footballers?
Jim Baker
I thought the 'Football Creditors Rule' was an FA/FL thing rather than the law?
If football creditors aren't paid then the club gets a further 15 point deduction at the start of the following season.
I'm really surprised that a change in the law has not been passed that would mean ALL creditors get the same percentage when any business goes bust/into administration.
Fair enough, you could argue that HMRC gets enough money but why are the plumbers and so on allowed to get less than the footballers?
Jim Baker
I thought the 'Football Creditors Rule' was an FA/FL thing rather than the law?
If football creditors aren't paid then the club gets a further 15 point deduction at the start of the following season.
Yep, the football creditors rule is only a football thing. It means that if you pay the football creditors 100% then you are not allowed back. This means that all the footballers get 100% and everyone else gets 1%.
It's simply wrong.that one group gets more than another and it should be stopped.
I thought the 'Football Creditors Rule' was an FA/FL thing rather than the law?
If football creditors aren't paid then the club gets a further 15 point deduction at the start of the following season.
Yep, the football creditors rule is only a football thing. It means that if you pay the football creditors 100% then you are not allowed back. This means that all the footballers get 100% and everyone else gets 1%.
It's simply wrong.that one group gets more than another and it should be stopped.
Jim Baker
They have to pay all non football creditors at least 25% or they will be deducted 15 points next season.
The Football authorities introduced a "cut-off" date - after which points deductions apply in the following season - as clubs (such as Leeds Utd & famously Boston Utd) were abusing the system to start the following season without penalty.
Simon; Im not going to quote the whole thing again but you seem to be saying that it's OK that some creditors get more of a percentage than others.
It's a valid viewpoint. I mean the FA, EFL and the Premier league all agree with it but I just think it is sordid and wrong.
Jim Baker
I'm saying that although the percentages are different, all parties get more than they might do in a regular administration where unsecured creditors often get 10% or less.