I said it a few weeks ago that their holding company ploy is nothing but an attempted scam.
The rule is to protect clubs like West Ham who are controlled by a much larger holding company mostly having things totally unconnected to the club and debts unconnected to the the club.
Its a good job the FL has seen through the bulls**t and acted very quickly.
If they didnt virtually every club would have turned into a holding company.
Why should we feel sorry for a club who has clearly overspent their budget.
Its a lesson to other clubs (including ourselves) that spending money you cant pay back should be punished.
Posted By: usacanary, Apr 23, 17:17:15
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