Uncle Buck
Ghost Writer
- Jul 7, 2003
- 28,071
More than likely.
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Stockport County - into admin
- Thread starter readingstockport
- Start date
More than likely.
What is the rule about coming out of admin that leads to a further -15 points?
TWOCHOICEStom
Well-known member
God I hope it doesn't fire them all up for Saturday... 
Uncle Buck
Ghost Writer
- Jul 7, 2003
- 28,071
It is something along the lines that the League rules state that footballing creditors (players) are paid up in full, but HMRC dispute this, saying they are the priority, so the clubs cannot stick to the League rules.
SurreySeagulls
Well-known member
Given that HMRC will always be the largest creditor they will always veto any attempt for them not to be first in line to be paid hence virtually no football club can come out of admin with a CVA in place that will satisfy HMRC.
readingstockport
New member
- Thread starter
- #26
Clubs must exit admin via a cva, which as has been said HMRC often oppose on principle. there also seems some confusion as to whether the deduction weill be immediate or not, talksport are reporting it will be this season not next.
sten_super
Brain Surgeon
I think it is that FL rules state that clubs must exit administration via a CVA (Company Voluntary Arrangement), which is effectively an agreement between the club and its creditors. However, FL rules also state that all 'football debts' must be paid in full. HMRC disputes this, so as a matter of policy now votes against all CVAs, and generally is a sufficiently large creditor to stop the CVA being passed. As a result, clubs cannot exit administration through a CVA, in contravention of FL rules, so the clubs are docked a further 15 points.
what a buggers muddle
brightonmad999
New member
sorry to hear that hope everything gets better at stockport county football club
sten_super
Brain Surgeon
Looking at the table, in order for the points to come into effect this season they would have to lose to us by 9, Northampton win (by any score) and Carlisle win by ten goals.
So I think it's safe to say the points will come into effect next season.
So I think it's safe to say the points will come into effect next season.
clapham_gull
Legacy Fan
- Aug 20, 2003
- 25,716
Yep HMRC "as a matter of policy", will dispute a CVA if they have a reason to.
What needs to happen (I think), is they need to get rid of the "footballing" debts thing.
Clubs need to audited on a regular basis and if they havent really got the money to pay wages / transfer fees then the should be blocked form doing so.
readingstockport
New member
- Thread starter
- #32
It's possible that a cva may get done. The biggest creditor possibly holds about 50 to 70 % of the debt and it's not hmrc.
It's been on the cards for the last few months. Very sad state of affairs. If County disappear then it's bad for football in general, not just those of us that live here.
Perry Milkins
Just a quiet guy.
As Mendo said..there are ssome fat cat players not to far away who earnt the same amount as County's debt in a week and a half!!
NOT THAT ANY PREMIERSHIP FANS WILL GIVE A FLYING JOT.
NOT THAT ANY PREMIERSHIP FANS WILL GIVE A FLYING JOT.
desprateseagull
New member
lets get emailing thew premier league players, for donations!
Caveman
Well-known member
- Jul 14, 2003
- 9,926
Probably not as we're probably be in the league below!
Even if Stockport were deducted -10, they would still be safe due to a much healthier goal difference.
Last edited:
Scoffers
Well-known member
I dont think that is how it works. Losing 10 points this season means no penalty,because they cant go down. I guess we'll find out pretty soon, but my guess is that they will start next season on -10 or -25
That's good to hear... Definitely think we should have a whip around at the Withdean on Saturday. This means we could finish 15th, that would be a turn up for the books!
Easy 10
Brain dead MUG SHEEP
Incorrect.