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Another a part of the clause states that clubs will not be qualified for owe money to rivals, players, staff or tax authorities at the end from the season. They’re hoping to stop what happened at Portsmouth who went into administration owing millions in transfer fees, tax and VAT to name some. I think I read somewhere yesterday that experienced offered to cover their creditors 20% with the items they owed them. A report on European clubs said that 50% industry experts where creating a loss of which 20% wherein serious financial danger.
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