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DRFC - New tax measures agreed at AGM

DRFC - New tax measures agreed at AGM

The Football League clubs have agreed to new measures relating to tax payments.

At the Annual General Meeting clubs have agreed to set up a transfer embargo on clubs who fall behind with employee related payments to the HMRC.

Speaking on the Football League website Football League chairman Lord Mawhinney said "It`s only right that we do not permit clubs that are unable to meet costs associated with their existing player staff to make further new player commitments".

With a number of clubs falling into administration over the past few years this will give the Football League notice that clubs could be struggling financially.

Clubs have also given the Football League permission to monitor their tax affairs.

Hopefully the new measures will stop clubs spending money they don`t have and avoiding more clubs getting into serious financial difficulty in the future.



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Writer:DonnyEd
Date:Friday June 12 2009
Time: 3:47PM

Comments

0
About time clubs were taken into order and not allowed to run up huge debts on players. Lets hope the League help out a bit too though instead of continueing to punish them.
dazza71
12/06/2009 19:57:00
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