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Another part of the clause states that clubs will not be qualified for owe money to rivals, players, staff or tax authorities in the end with the season. They’re hoping to avoid what happened at Portsmouth who went into administration owing millions in transfer fees, tax and VAT to name some. I think I read somewhere yesterday that they’d offered spend for their creditors 20% from the they owed them. An up to date report on European clubs said that 50% associated with where making a loss and 20% where in serious financial danger.
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