if all the bigger company is is a holding company for the football club

then this clearly is a loophole. That is, the debts have essentially been incurred by Southampton FC - presumably on unsustainable wages, transfer fees et. Precisely the kind of thing this rule was brought in to stop happening.

Whereas if the debts have been incurred largely on other businesses, then I agree with you - no reason why Soton FC should be penalised, particularly.

Which is the case here?

Posted By: Tricky Hawes on April 1st 2009 at 08:42:50

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
        
        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

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