Holding company scam

Frankly if Southampton get away with the deduction virtually every club will go the holding company route.

The spirit of the rule is obviously to protect a club from the misfortunes of a much bigger owning entity which has little to do with the finances of the club.

i. e. A Bank owns a club...... they go bust because of bad loans to house owners then its not the fault of the club.

But from everything I have read, the reason the Southampton holding company is going bust is 100% directly linked to the debts of the club.

Its nothing short of a scam, shame that Derby County did the same thing a few years ago.
So its unlikley that any action will be taken if they survive the season.

Posted By: usacanary, Apr 2, 19:36:40