could get worse for saints yet

I don't know if they owe money to HMRC but most comapanies that go bust do.

The football league insolvency rules say that they see coming out of administration within 3 months via a CVA as the acceptable way. HMRC have said they will oppose in Court any CVA that treats football debts above debts to themselves (FL insist all football debts are paid in full to prevent domino effect). If it goes to court it will not be settled within 3 months and they are likely to get another 15pts deducted on top.

Posted By: Firstnews on April 23rd 2009 at 15:08:42

Message Thread

could get worse for saints yet (NCFC) - Firstnews, Apr 23, 15:08:42
- agreed, luton fan just sais this (NCFC) - SCC 28, Apr 23, 17:07:35
- Also, they are now a very bad investment, even if they are in Admin (NCFC) - CB41, Apr 23, 15:12:09
  - They'll be allright (NCFC) - Ken Dodds Dads Dog, Apr 23, 15:21:26
  - agree Lock the gates and call the whole season off, you know it makes Saints. (n/m) (NCFC) - lovely old job, Apr 23, 15:13:36

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