FORUMS > Other Sports > Close Season Football Chat |
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44466_1277741857.gif [b:2cam5ipi]Novae Mentis Templa Colimus - Together we achieve success.[/b:2cam5ipi]
[quote="theres only one stan wall":2cam5ipi]Not bothered because Wigan will win comfortably, Leeds pack is decimated.[/quote:2cam5ipi]:d7dc4b20b2c2dd7b76ac6eac29d5604e_44466.gif |
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| Quote: LFCRhino "Europa league qualifiers
Liverpool to go through
Aston Villa to go out
Man City to go though
Dundee Utd to go out
Celtic to go out
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Player Coach | 10540 | No Team Selected |
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Feb 2007 | 18 years | |
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| Quote: Andy Gilder "You don't get how this works, do you?
In no other line of business when you enter administration are you allowed to pay 100% of your liabilities to some creditors based on what industry they are in but 10% to others. Why should football be any different?
As a non-preferential creditor HMRC won't "eventually get its money". The administrator will make whatever distribution it can as agreed at the creditors meeting, then that's it. You can whistle for the rest of what you're owed as the company disappears and any subsequent "Portsmouth FC Limited 2010" that takes over running the club does so without any of the historic debt of the old business.
If HMRC are owed £10m, but only get paid £1m as a non-preferential creditor that's £9m gone missing out of the exchequer. The likelihood is that instead of going into the public purse where it was supposed to go that money will instead be sat in the Swiss bank account of some very rich footballers and their agents.
Tell me again why that's ok?'"
Football is only different because of the increased potential for the domino effect putting so many other clubs out of business. The rule that needs to be changed is how much transfer debt they are allowed to rack up and needs to be looked at by FIFA. Until then though, having other clubs as preferential creditors is the best answer to a poor situation.
They may not get THAT money, but they'll continue to get money in from Portsmouth's future trading, and those of the other English clubs concerned. If Portsmouth went completely I very much doubt there'll be able to be a replacement for future revenue to HMRC. What I meant by them nearly always getting their money is that they will be around long enough to recoup it. Other clubs may not.
I never said it was right, I said it makes sense.
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Player Coach | 16166 | |
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| Quote: carl_spackler "They may not get THAT money, but they'll continue to get money in from Portsmouth's future trading, and those of the other English clubs concerned. If Portsmouth went completely I very much doubt there'll be able to be a replacement for future revenue to HMRC. What I meant by them nearly always getting their money is that they will be around long enough to recoup it. Other clubs may not.
I never said it was right, I said it makes sense.'"
What would make sense would be for the footballing powers that be to scrap the ridiculous preferential creditors rule, and any club going into admin to be forced to find a suitable solution for all creditors, including HMRC (ie you and me the taxpayer).
Once one club were unable to do that and went bust there would have to be a sea change in how clubs were governed, which would prevent them running up these tax debts they couldn't pay in the future, and stop the country being cheated out of the tax revenues it is owed.
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Player Coach | 1662 | No Team Selected |
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Oct 2009 | 15 years | |
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| Quote: ash4hullfc "I don't know why you think the Ben Arfa rumour is so silly. I've been following the story closely and from what I can gather, he does prefer to come to us. We've definitely made at least one bid for him so it's not out of the question for us to sign him.'"
Ashley has already used all of his SportsDirect gift vouchers to bring Perch in, so can't see much more activity for us lot unless the players are available on loan or free transfer/pocket money sums.
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International Board Member | 14094 | |
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2595.jpg I'm not Jesus Christ, I've come to accept that now.
[quote][b]XBrettKennyX wrote:[/b] Once more the anti SC brigade, purposely or otherwise fail to see the point.
Thick as pig swill.[/quote]:2595.jpg |
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| Quote: carl_spackler "Football is only different because of the increased potential for the domino effect putting so many other clubs out of business. The rule that needs to be changed is how much transfer debt they are allowed to rack up and needs to be looked at by FIFA. Until then though, having other clubs as preferential creditors is the best answer to a poor situation.
They may not get THAT money, but they'll continue to get money in from Portsmouth's future trading, and those of the other English clubs concerned. If Portsmouth went completely I very much doubt there'll be able to be a replacement for future revenue to HMRC. What I meant by them nearly always getting their money is that they will be around long enough to recoup it. Other clubs may not.
I never said it was right, I said it makes sense.'"
You think the Football League would continue a team down for the rest of time?
What about the rest of the creditors? The window cleaners, et al. Who cares if they go bust as long as the football clubs are ok.
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| Quote: Billinge_Lump "You think the Football League would continue a team down for the rest of time?'"
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| Sergi Samper - remember the name. That lad is going to be one hell of a player.
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| Norwich 2 Watford 3, full time. A pretty entertaining start to the season, hopefully more of the same to come.
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| Quote: Rughead "Norwich 2 Watford 3, full time. A pretty entertaining start to the season, hopefully more of the same to come.'"
Five goals sounds great value. What more do you want?
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Jun 2002 | 22 years | |
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| cash + Ireland in a deal valued at £27.5m for James Milner.
genius business by Villa, I rate Milner but that is mental, Ireland is a cracking player
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| He's fallen out of favour a bit at City of late but I reckon O'Neill could get him back to some consistency.
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| 12 months ago the notion that City would exchange Ireland for Milner and pay a significant fee on top would have been laughable.
Its quite possible that O'Neill will revitalise his career but probably only if he adapts Villa's playing style to suit Ireland. Ireland was a cracking player two years ago playing in a 4-5-1 with a mandate to get forward as much as possible. But he really struggled last year when we switched to a 4-4-2 and he was asked to play a deeper, more disciplined role. Which, considering he'd played all of his junior football in that role, was hard to understand.
It was clear last year that Ireland coudn't play in the same team as Tevez. It will be interesting to see how he fits into Villa's team, particularly whether him and Agbonlahor can gel.
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Moderator | 100708 | No Team Selected |
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| Seems like Elmander has finally worked out where the goal is. Another pre-season goal against Osasuna last night.
I hope to be proved wrong but I'm sure once the regular season starts, normal (lack of) service will be resumed.
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