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Bury the debt?


Piethagoram

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10% a month interest! I know very little about these things but I would have thought if the company that owns a Football Club is dissolved (for whatever reason) the Football League would be all over the owners as to whether they are fit to run a football club. in a way I think it also shows the corrosive effect of the Premier League as people 'bet the house' ( or the club) on gaining promotion.

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@Riverleeno The problem with the "fit and proper person" test is that it is only relevant at the date of purchase. There needs to be much tougher regulations to prevent "wonga" style funding. If a club is liquidated, that's it, start with a new club at the bottom of the pyramid. A lot of people just don't realise the state of the finances after Munto, Notts could have been close to going bust, had not the Trews come our way

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