My girlfriend hates the fake grass I put in the garden so as not to have to cut it. Apparently allows me to have more to drink which is a bad thing. Fair enough.
When clubs go into administration, and have their debts written off, if they reach the Premier League then they should repay them, or the PL should take the money of their central payments for redistribution.
It might be too late for some small businesses, but in no other sector can broke businesses like football clubs hit the jackpot like this, a year or two after going broke and writing off their debts
I'm not an accountant but I believe that they are not the same business. The old business closes down and a new business is set up, pays something to the administrator and takes over the assets, including membership of the football league, and starts trading.
In the same way if a pub closes, you and I can take it over and re-open it using the same name, serve the same beer to the same people as before but it is a new business under the law. If we then make the pub a roaring success why should we have to pay off the unpaid bills left by the previous landlord?
I'm not saying it is right and the football league should be a lot more to control debt but businesses closing and then re-opening is not unique to football.
They might be a new business, but in terms of the football pyramid, they are the same club, getting the same benefits from the league structure, central TV money etc. Indeed other football clubs get preferential treatment when clubs go broke.
Morally, the PL could easily deduct some TV money from newly promoted clubs who had gone into administration during the previous 5 years say and give it to charity or perhaps a central fund to help compensate future small businesses that suffer due to football clubs defaulting on their debts.
Morally, I would agree - in the same way many businesses go into administration/liquidation and then start up again after shafting creditors.
But football should not be an exception - the whole law of limited liability and company insolvency should perhaps be looked at.
Nothing is growing to be mown - I’ve had the sprinklers on all day in the hope it actually starts to look like grass! If it works I’ll mow it - promise.
This is the fuckin worse thread in history. Fuck all is happening Roland will still be here next season Everyone who claims to be in the know are being manipulated. Groundhog day until the Belgium departs.
Nothing is growing to be mown - I’ve had the sprinklers on all day in the hope it actually starts to look like grass! If it works I’ll mow it - promise.
Tut Tut @bobmunro did you not get the plea from United Utilities to conserve water as the demand was up I/2 Billion gallons on normal usage the other day
It could've been far more entertaining if those ITK had 'wired' their contacts and supplied a live feed to CL central.
Let's face it, a live link from Bin Laden's compound to the White House was supplied, this by comparison should've been a piece of cake. Good for the page count too.
"Potential financial backers are being advised of significant returns on their investment based on a five-year blueprint that factors in a rise back to the top flight." Said Richard Rufus
Comments
If anyone tries to say this is the week for the 22nd week in a row DON'T.
Follow Henry's mantra.
WIOTFOS.
I don't normally swear.
But football should not be an exception - the whole law of limited liability and company insolvency should perhaps be looked at.
Fuck all is happening
Roland will still be here next season
Everyone who claims to be in the know are being manipulated.
Groundhog day until the Belgium departs.
Just sell the club and FUCK OFF
The issue is both the buyers and sellers.
Do I have any hostility to the Australians? No.
I just have a numb depression about the whole thing now.
Let's face it, a live link from Bin Laden's compound to the White House was supplied, this by comparison should've been a piece of cake. Good for the page count too.
We still believe, we still believe
It's happening, it's happening
It's happening, takeovers happening...
Imagine if it happened though!! All the waiting, hurt, desperation!
The WC would be lovely too!