......and then claiming he didn't know who the club owners were, until realising it was himself, must have been a senior moment.
It is very difficult to legislate for the likes of Bates, they make their money by identifying and exploiting loopholes, and bully and belittle anyone who stands up...
They have not all benefitted though.
Many clubs have had points deductions and transfer embargoes, Maidstone went out of business half way through the season.
Football clubs also provide a lot of employment locally, they are no more or less cynical manipulators of company insolvency...
There have been a total of 54 administrations of current and former clubs.
Darlington have been in administration three times
Palace, Leeds, Rotherham, Pompey and Port Vale have managed it twice.
Yes it will. The Football League should be in a position to review the accounts very quickly (after all, there are only 24 to check).
Any club who fails to comply with the rules will
(a) Have a transfer embargo from 1st Jan
(b) Have to pay a tax on a sliding scale of between 1-100% of the...
Not the case, if you exceed the FFP rules (and the accounts have to be submitted by 31 December) then you are subject to a transfer embargo so would not be able to sign any players in the January window.
For example, Southampton and West Ham both exceeded the rules last season, and would...
Wise words Wozza, there's a couple that are interesting, you wouldn't believe who was going to be teaching them next year though....
http://www.liv.ac.uk/footballindustry/
http://www.ucfb.com/campus-locations/ucfb-burnley
It is not as simple as that though. HMRC are taking a much firmer line than in previous years and the NewCo is unlikely to be given credit terms by suppliers if the administration is a pre-pack deal.