Why the football creditors rule is here to stay
Justice Richards’ eagerly awaited Judgment in respect of the football creditor rule, which was handed down on Friday following HMRC’s challenge of the rule, provided much needed clarification as to whether the rule was contrary to insolvency law.
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- Tags: Creditors Rule | Football | Football League | HMRC | Insolvency | Tax Law | United Kingdom (UK)
John is a senior associate in the Sports Business Group at Lewis Silkin specialising in contentious, regulatory and disciplinary issues for clubs, agencies, governing bodies and athletes
Excellent summary of the legal position, as it now (clearly) stands. I am told, however, that HMRC were granted leave to appeal, and intend so to do. Will be interesting to see not only if that appeal proceeds, but whether there will be statutory intervention if the world, outside of football, regards this position as repugnant.