BusinessBusiness RecoveryPKF administrator to appeal Dundee FC docked points

PKF administrator to appeal Dundee FC docked points

Dundee FC administrator Bryan Jackson will appeal the Scottish Football League decision to dock the club 25 points, as it endangers a future sale

PKF corporate recovery partner said Scottish Football League (SFL) decision to dock Dundee FC 25 points, has made a difficult administration an almost impossible task.

Dundee FC administrator Bryan Jackson said the decision by the SFL to dock the football club 25 points for entering administration, is endangering its future as it is now harder to attract investors.

Jackson told BBC Scotland: “Not only will we appeal under the SFL rules but I’m now going to consider a legal appeal.”

He labelled the move as an “outrageous punishment for the club” as it would mean the group is currently on minus 11 points, 20 points behind the nearest team Morton. Jackson said he had been expecting a maximum of 15 points to be deducted.

The first division club is also banned from signing any new players until it exits administration, preferably through a Company Voluntary Arrangement, repaying creditors a percentage of debt over roughly five years.

Jackson was appointed administrator in September following a £420,000 outstanding tax bill.

The SFL board said in a statement: “Clubs have to realise that they can’t treat their Her Majesty’s Revenue and Customs tax obligations as something akin to a credit card.”

SFL said it would “reconsider the matter and deal with the club as it sees fit”, if the it was still in administration by 31 March 2011.

The management team and nine players were made redundant to streamline the club earlier this year.

 

Related Articles

Bolton settle unpaid tax bill with HMRC

Business Recovery Bolton settle unpaid tax bill with HMRC

2y Calum Fuller, Reporter
Bolton Wanderers secures new ownership deal as HMRC tax battle continues

Business Recovery Bolton Wanderers secures new ownership deal as HMRC tax battle continues

2y Chris Warmoll, Writer
Bolton secures extra time to defend itself from HMRC

Business Recovery Bolton secures extra time to defend itself from HMRC

2y Chris Warmoll, Writer
High Court grants Bolton Wanderers two week stay of execution

Business Recovery High Court grants Bolton Wanderers two week stay of execution

2y Chris Warmoll, Writer
Bolton Wanderers win extra-time to avoid HMRC winding up penalty

Business Recovery Bolton Wanderers win extra-time to avoid HMRC winding up penalty

2y Chris Warmoll, Writer
Football League toughens insolvency rules

Business Recovery Football League toughens insolvency rules

3y Richard Crump, Writer
Taking Stock: AC Milan great tackles Parma insolvency

Business Recovery Taking Stock: AC Milan great tackles Parma insolvency

3y Taking Stock
Birmingham City FC owners enter receivership

Business Recovery Birmingham City FC owners enter receivership

3y Richard Crump, Writer