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Most liked posts in thread: Oxford United's Financial Anomalies

  1. How

    How Knows Football
    P.L.22/23 Entrant P.L. 18/19 Winner Euro 2020

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    Let’s hope so
     
    Jay likes this.
  2. Dennis

    Dennis Captain
    Moderator Supporter

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    Unfortunately, the club can indeed wait for the WU petition before settling their debts. And again unfortunately there is little the EFL can do to stop this practice! HMRC now use the winding up process routinely with companies to get them to settle their tax bills and personally I don't read too much into this latest example. Bolton have had at least 6 winding up petitions raised by HMRC against them and on every occasion it's forced Bolton to the negotiating table to settle their tax debt. That's why HMRC do it.

    And in terms of the current, virtually nonexistent EFLs rules, I agree that they should be tightened up. But I don't expect much change in the near future since it's the club owners who have to approve any changes!
     
    Jay likes this.
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