Its not really a massive issue though, sadly

Once he has had enough, he either:

(a) sells up and someone comes in and wipes the debt (or rolls it over into new owner loans)

(b) puts club into admin, takes his losses to tax plan elseswhere, and club wipes the debt and starts the merry ground all over again. Not convinced clubs are sufficiently penalised for going into admin to make it a proper deterrent to racking up such huge debts. They could take a 10pt hit this year and still be ok.

Posted By: CWC, Dec 12, 20:09:29