I'm certainly not anti-football (in fact I'm an avid Stoke City fan - no comments please!)
However, HMRC is challenging the controversial "football creditors rule" where the Football Association insists that all football creditors must be paid in full (managers, players, clubs etc) before any other creditor if a football club goes into administration/CVA etc. This effectively means that the FA becomes a super-preferential creditor. See article here. I don't always agree with HMRC but in my view it is right to tackle (sorry!) a situation that is clearly against the provisions of the Insolvency Act 1986.
I'm all for any measure that helps rescue a business, including a football club, but everyone has to be on a level playing field (sorry again!) for it to be fair play (ouch!) for all!!
(I'll try and moderate the football puns in any subsequent blogs!)
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