do the club actually have any debts?
As TM says below, they'll need to be sold as an asset, presumaby. But can't see why there would be any points penalty.
At least as far as avoiding the points penalty, this is clearly the way to structure a league football club from now on.
Posted By: Tricky Hawes on April 1st 2009 at 08:40:33
Message Thread
- SSN - Southamptons parent company have had trading in its shares suspended (n/m) (Other Football) - Klobo04, Apr 1, 07:44:54
- Strong rumours that they will go into admin. If so, would points be deducted this season? (n/m) (Other Football) - South_West_Canary, Apr 1, 08:06:27
- SSN going saying they likely to avoid penalty because its the parent company not the club (n/m) (Other Football) - Klobo04, Apr 1, 08:17:31
- Buth surely as a consequence the club go into admin too? (Other Football) - South_West_Canary, Apr 1, 08:34:32
- do the club actually have any debts? (Other Football) - Tricky Hawes, Apr 1, 08:40:33
- sfc will be an asset investment of the parent company - and could have to be disposed of (n/m) (Other Football) - Tony Martin, Apr 1, 08:37:31
- lovely old loop hole (n/m) (Other Football) - Tony Martin, Apr 1, 08:20:06
- no loop hole needed! - the parent company is a completely different company to southampton (n/m) (Other Football) - Cheltenham_Canary, Apr 1, 08:30:35
- which is a loophole - set up a parent company to "hold" the club and bingo you get away (Other Football) - Tony Martin, Apr 1, 08:33:05
- only if the holding company - and not the football club - has the debts (Other Football) - mr carra, Apr 1, 08:57:33
- thats a given (n/m) (Other Football) - Tony Martin, Apr 1, 09:28:35
- exactly! (n/m) (Other Football) - Cheltenham_Canary, Apr 1, 09:08:04
- a bigger company owning a smaller one...... (Other Football) - Cheltenham_Canary, Apr 1, 08:37:30
- if all the bigger company is is a holding company for the football club (Other Football) - Tricky Hawes, Apr 1, 08:42:50
- I am presuming (maybe wrongly) that this is the debt Lowe incurred when he bought the club (n/m) (Other Football) - mr carra, Apr 1, 08:58:46
- yep....according to my saints supporting clients.... (Other Football) - Cheltenham_Canary, Apr 1, 09:50:16
- precisely! (n/m) (Other Football) - Tony Martin, Apr 1, 08:44:22
- I am presuming (maybe wrongly) that this is the debt Lowe incurred when he bought the club (n/m) (Other Football) - mr carra, Apr 1, 08:58:46
- its not the big co owning small co thats the loophole (Other Football) - Tony Martin, Apr 1, 08:42:27
- Just a quick point... (Other Football) - Arganth, Apr 1, 09:12:49
- another reason...... (Other Football) - Cheltenham_Canary, Apr 1, 09:13:54
- yes, you can do that but it isn't quite that easy (Other Football) - mr carra, Apr 1, 09:03:44
- Just a quick point... (Other Football) - Arganth, Apr 1, 09:12:49
- if all the bigger company is is a holding company for the football club (Other Football) - Tricky Hawes, Apr 1, 08:42:50
- only if the holding company - and not the football club - has the debts (Other Football) - mr carra, Apr 1, 08:57:33
- which is a loophole - set up a parent company to "hold" the club and bingo you get away (Other Football) - Tony Martin, Apr 1, 08:33:05
- no loop hole needed! - the parent company is a completely different company to southampton (n/m) (Other Football) - Cheltenham_Canary, Apr 1, 08:30:35
- Buth surely as a consequence the club go into admin too? (Other Football) - South_West_Canary, Apr 1, 08:34:32
- SSN going saying they likely to avoid penalty because its the parent company not the club (n/m) (Other Football) - Klobo04, Apr 1, 08:17:31
- Strong rumours that they will go into admin. If so, would points be deducted this season? (n/m) (Other Football) - South_West_Canary, Apr 1, 08:06:27
Reply to Message
In order to add a post to the WotB Message Board you must be a registered WotB user.
If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.