Absolutely. I am now going to pay my missus "image rights" into a foreign bank account and refuse to pay anyone else. If I list my kids as major guaranteed creditors in whatever I earn, then I can stiff everyone else. This is a disgusting decision and is completely against what every small business or individual has gone through - the CVA should not be allowed to stand because it has been fraudulently arrived at. I just hope the Court of Appeal turns it over.
Clubs will carry on spending money they don't have (which does in fact belong to the public), and will carry on getting away with paying just a fraction of it back. Awful decision.
The cheating scum have got away with it.They should have been thrown out of the league last year - but then nobody should expect the Premier League to do anything which might damage its squeaky clean self-righteous image. Whilst I can sympathise with the supporters of any club which faces extinction, the simple fact is that successive owners operated outside their means. If you or I did that we would be hounded to bankruptcy. Why should "football creditors" be protected whilst others aren't?The whole thing stinks as much as the mud in Portsmouth Harbour.
f***ing Joke, they are stealing tax doging scum. Where do they think the money comes from now? Yes, muggins, us lot here will pay, because they decided to basically steal from us. f*** me, how do they get away with it? *****
I think this was the appeal, so the decision is final.
Appart from all the companies that have been screwed over they havent even had a football punishment, last seasons points deduction was meaningless as they would have been relegated anyway.
In fact the F.A. almost sanctioned it by advancing them money to carry on, this whole saga is a fuckin disgrace!
Oh well. This basically gives the green light for clubs such as Pompey to continue using the Inland Revenue as an unofficial overdraft facility, safe in the knowledge that ultimately the worst that could happen is a points deduction - with the (rather large) upside that they'll get 80% + of their debts written off.