Vital Football

Latest Rotherham United News

RUFC - Clubs to face financial scrutiny?

RUFC - Clubs to face  financial scrutiny?

League Chairman, Lord Mawhinney has told the BBC that the league are contemplating a plan for clubs to give them more information about their finances and would be put to the Chairman of each club next year.

The BBC have found out that between fifty and sixty League and Conference clubs owed a total of fifty million in tax and Lord Mawhinney said, 'We are looking at whether we should put in place arrangements that require clubs to give more information about their finances.'

As we found out when the Millers went into administration, the biggest creditor at a football club is often the HM Revenue and Customs. But, under both Football League and Football Association rules other creditors in the game, such as the players, get priority. Several Chairman admitted to the BBC that clubs running up huge tax debts were effectively being bankrolled by HMRC.

Gary Sweet, owner of Luton Town, whose club owed £2.5m in taxes said that the HMRC were wrong to allow the debt to spiral to such levels. 'I would like to know exactly what the Revenue's stance is on moving forward with football clubs and football businesses because I think that position is wholly disastrous for football,' he said.

HMRC said that they are sympathetic to to businesses experiencing cash flow difficulties but with the vast majority of businesses paying their tax on time then they owe it to these people to ensure that those who pay late do so only when they have good reason.

Lord Mawhinney says that the Football League are considering proposals to get more finacial information from clubs and to stop clubs from building up large unpaid tax bills but said the clubs would have to vote on it. 'As a former health minister,' he said, 'I believe that prevention is better than cure.'

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football



Click here to join in the debate on the club forum.

Writer:Herringthorpe
Date:Tuesday November 11 2008
Time: 11:06AM

Login to post a comment

Recent Rotherham United Articles

RUFC - Head-to-Head v Hull City

A few facts and figures of previous games between the Millers and the Tigers

April MotM Nomination - Neil Warnock (Rotherham)

The April nominations for the Sky Bet Championship Manager of the Month Award are in.

RUFC - Wood Hoping For New Contract

Defender hopes he's done enough to earn a new contract with Millers

RUFC - Halford Nominated For April Award

Vote for Greg Halford!

Archived Vital Rotherham Articles

Vital Rotherham articles from

Site Journalists

Herringthorpe
Editor email
Profile
baldtobeamiller
no email
Profile

Current Poll (see more polls)

Thinking about pre-season friendlies. Who would you like to see at the New York Stadium
Suggested By:
Local Teams9%
A Premier League Side53%
A team from the Bundesliga29%
A side from Serie A5%
Someone from La Liga2%
A club from the French Ligue 11%
Other1%

League Table

# Team P W D L Pts. GD
1 Burnley 45 25 15 5 90 34
2 Middlesbrough 45 26 10 9 88 32
3 Brighton 45 24 16 5 88 30
4 Hull City 45 23 11 11 80 30
5 Derby County 45 21 15 9 78 24
6 Sheff Wed 45 19 17 9 74 22
7 Cardiff 45 17 16 12 67 5
8 Ipswich 45 17 15 13 66 1
9 Birmingham 45 16 14 15 62 4
10 Brentford 45 18 8 19 62 1
11 Preston 45 15 16 14 61 0
12 Leeds Utd 45 14 16 15 58 -8
13 Q.P.R. 45 13 18 14 57 -1
14 Wolves 45 13 16 16 55 -6
15 Blackburn 45 12 16 17 52 -2
16 Reading 45 13 13 19 52 -5
17 Forest 45 12 16 17 52 -5
18 Bristol City 45 13 13 19 52 -16
19 Huddersfield 45 13 12 20 51 -7
20 Rotherham 45 13 10 22 49 -14
21 Fulham 45 11 15 19 48 -14
R Charlton 45 9 13 23 40 -37
R MK Dons 45 9 12 24 39 -29
R Bolton 45 5 15 25 30 -39
Latest F1 News
Latest Vital Boxing News

Recent Rotherham United  Results (view all)

Rotherham United  Fixtures (view all)

May 7 2016 12:30PM : Hull City (a)
Sky Bet Championship

Vital Members League Table

RankNamePoints
1.herringthorpe102
2.rybel_b90
3.sixpence24
4.mos606
5.Millie Miller5
6.nogginthenog3
7.axholme3
8.zipadeedoodah1
9.mvmiller1