only if the holding company - and not the football club - has the debts
if the football club runs up debts it can't pay it will still go into admin, whether it has a holding company or not.
Posted By: mr carra on April 1st 2009 at 08:57:33
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
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