Last week Portsmouth, of the Premier League, were given a seven-day stay of execution from a winding up order brought over an unpaid tax bill of £7.4 million.
On the same day, winding up orders brought against Cardiff City, of the Championship, and League One club Southend United, were also adjourned.
From the draft plans being studied in Whitehall a body named something like the Office of Football Regulation could eventually emerge.
It would have the power to rule on the level of debt clubs were allowed to run up compared with turnover, and could also demand more supporter involvement in a club's management structure, including at board level and among shareholders.
The source added: "Many feel this would be a better way ahead than the current free-for all marketplace".
Portsmouth, Cardiff City and Southend United threatening the FA/EPL with Government Regulation
Platini is already trying to reign the Free Market in UEFA in by launching debt limitations starting in 2011 and now the British Government might get involved to include MANDATING Supporter involvement in club decisions
almost 2 years ago
Dave Clark
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hmmmm...
,,, I guess I should point out that it is often the supporters that help drive up debts by pressuring clubs to spend recklessly in the transfer market. Although I must also say that this opinion undermines my overall desire to see supporters treated more like “shareholders” in the club structure.
...that's MISTER Keller to you!!!
by malcontentjake on Feb 14, 2010 12:10 PM PST reply actions
Nott's County purchased for less than 2$
They may also be wound-up rather than placed in Administration.
I am not a Supporter
I am not a Fan
I am a Sounder
Sounder At Heart
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