Football insolvency judgment due before Christmas
A judgement on HMRC’s court battle against the Football League could be delivered as early as next week
HM REVENUE & CUSTOMS could receive its answer sooner rather than later on whether a controversial insolvency rule in football is unlawful.
The taxman is battling against the football league over its controversial Football Creditor Rule (FCR) which prioritises some creditors over others.
However, presiding judge Mr Justice David Richards indicated he would like to deliver a judgement before the Christmas break.
The FCR prioritises the payment of football creditors such as other clubs and players ahead of other creditors, which HMRC believes is unlawful and outside the rules of insolvency – that all creditors should be treated equally.