HMRC are creditors of any club who owe PAYE, NI etc. as a creditor they can ask the court to place a club into administration so they can recover their debts.Originally Posted by PontBlue
This doesn’t apply to us.
The previous FFP regulations have been changed by UEFA
UEFA have introduced ‘new’ Financial Sustainability Regulations in 2022.
“The regulations will ensure that all clubs will have to be stable, solvent, and keep their costs under control. The new regulations stand on their own and the new name of Financial Sustainability”
The notes explain the thinking behind the changes and the fact that the new regulations were given a 3 year introductory period.
There is also reference to squads, creative ‘dodgy’ kinds of transactions and the payments made to agents are key points which spring to mind.
They seem to be trying to catch up with the creative ways in which football clubs organise their finances. For example how can a club like Barcelona who are in effect broke with debts of more than €1.2 billion continue to spend huge amounts of money bringing in expensive players and pay for new stadium to be built.
https://www.theguardian.com/football...-revive-season
Somewhere in the new regulations is a reference to the auditing periods. December sticks out as a date. So if the City were being exercised under these new regulations then it’s quite feasible that it took some weeks for them to receive the all clear.
https://www.uefa.com/insideuefa/news...y-regulations/
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