to expand - the devil is in the detail
are the football club paying the holding company a reasonable market rate for renting the ground - if they are they are a normal tenant and probably shouldn't be punished if the holding co has problems (you wouldn't expect Wimbledon to have been given an FA penalty if Palace had gone into admin while they were renting Selhurst).
However, if the football club has been paying an artificially low rent on the ground (thereby enabling them to spend more on the team and pushing guaranteed - known in advance - losses into the holding company) then that woulkd be a clear indication that they are not independently running operations and the club shuld get the full penalty.
Posted By: mr carra on April 2nd 2009 at 10:43:11
Message Thread
- So Mr carra and others were completely wrong yesterday (Other Football) - Tricky Hawes, Apr 2, 09:57:52
- that is potentially irrelevant since the club don't own the ground (Other Football) - mr carra, Apr 2, 10:31:54
- to expand - the devil is in the detail (Other Football) - mr carra, Apr 2, 10:43:11
- From what I can gather the holding club does virtually everything (Other Football) - Jim, Apr 2, 16:03:09
- to expand - the devil is in the detail (Other Football) - mr carra, Apr 2, 10:43:11
- (sorry - should be under Jumbo1's post below.) (n/m) (Other Football) - Tricky Hawes, Apr 2, 09:58:40
- that is potentially irrelevant since the club don't own the ground (Other Football) - mr carra, Apr 2, 10:31:54
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.