Interesting
Basically HMRC's case was a technicality about it's voting rights based on what it may or may not be owed for offshore payments for players' image rights and nothing to do with the 100%-football-related-first rule. Presumably there are no legal grounds to oppose this rule despite it being unique to the football industry. I note that the first £9m parachute payment will apparently cover those football related debts. Frankly, given this ruling, any football club that continues to pay tax is being financially irresponsible.
Now they're going into CVA will they be deducted points?
Posted By: BerlinCanary on August 6th 2010 at 13:12:01
Message Thread
- Pompey v HMRC ruling explained (Other Football) - Ralf Scrampton, Aug 6, 12:24:30
- Interesting (Other Football) - BerlinCanary, Aug 6, 13:12:01
- no, the CVA is to avoid points deduction (n/m) (Other Football) - Ralf Scrampton, Aug 6, 13:24:01
- Yep, sorry, the CVA represents coming out of admin (n/m) (Other Football) - BerlinCanary, Aug 6, 13:32:54
- no, the CVA is to avoid points deduction (n/m) (Other Football) - Ralf Scrampton, Aug 6, 13:24:01
- Interesting (Other Football) - BerlinCanary, Aug 6, 13:12:01
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