7 Subs this Season

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Stretts
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7 Subs this Season

by Stretts » 12 Jun 2009 17:57

From "Bulls News"

FL Up Subs/Agree Embargoes For Tax Dodgers

The Football League's AGM has voted in favour of a transfer embargo on clubs that fall behind on PAYE and NI tax payments. There will also be seven substitutes in FL matches next season.

The following is the press release from the Football League:

At their Annual General Meeting, Football League clubs have voted to introduce new financial regulations relating to tax payments.
Once necessary practical arrangements have been made, any club that falls behind with its employee related payments to HMRC will be subject to a transfer embargo until such time as the debt is cleared.
Football League Chairman Lord Mawhinney explained, “It is only right that we do not permit clubs that are unable to meet the costs associated with their existing playing staff to make further new player commitments.”
Clubs have also agreed to give The League written permission to monitor, as appropriate, their tax affairs directly with HMRC, who have welcomed this new arrangement.
Lord Mawhinney said: “This new regime will provide us with an early warning system where clubs are facing financial problems. It should also help prevent HMRC debt reaching levels that otherwise could hinder the potential rescue of the club through a CVA.

“More importantly, football generally needs to develop a culture of paying its debts rather than putting them off for another day. This will help our clubs to become more financially sustainable in the longer term.”

Clubs also approved a proposal from Derby County to increase the number of substitutes for Coca-Cola Football League matches to seven (from the current five), of which three may enter the field of play.

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Re: 7 Subs this Season

by I was there at Elm Park » 12 Jun 2009 18:18

Good news for us. Think how much more game time Henry would have got last year if he'd been the 6th or 7th sub. This gives more opportunities for youngsters to make the match squad and thus appearances.

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Archie's penalty
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Re: 7 Subs this Season

by Archie's penalty » 12 Jun 2009 19:48

Stretton Royal From "Bulls News"

FL Up Subs/Agree Embargoes For Tax Dodgers

The Football League's AGM has voted in favour of a transfer embargo on clubs that fall behind on PAYE and NI tax payments. There will also be seven substitutes in FL matches next season.

The following is the press release from the Football League:

At their Annual General Meeting, Football League clubs have voted to introduce new financial regulations relating to tax payments.
Once necessary practical arrangements have been made, any club that falls behind with its employee related payments to HMRC will be subject to a transfer embargo until such time as the debt is cleared.
Football League Chairman Lord Mawhinney explained, “It is only right that we do not permit clubs that are unable to meet the costs associated with their existing playing staff to make further new player commitments.”
Clubs have also agreed to give The League written permission to monitor, as appropriate, their tax affairs directly with HMRC, who have welcomed this new arrangement.
Lord Mawhinney said: “This new regime will provide us with an early warning system where clubs are facing financial problems. It should also help prevent HMRC debt reaching levels that otherwise could hinder the potential rescue of the club through a CVA.

“More importantly, football generally needs to develop a culture of paying its debts rather than putting them off for another day. This will help our clubs to become more financially sustainable in the longer term.”

Clubs also approved a proposal from Derby County to increase the number of substitutes for Coca-Cola Football League matches to seven (from the current five), of which three may enter the field of play.


+1.

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Re: 7 Subs this Season

by Deathy » 12 Jun 2009 23:08

I like this. Great news for youngsters getting bench time.

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Re: 7 Subs this Season

by Ian Royal » 12 Jun 2009 23:44

Feck the sub bench bit. THis is potentially excellent news for football. And as a well run club, we may well see an advantage cropping up over the next few years as clubs get transfer embargoes slapped on them.


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Re: 7 Subs this Season

by Barry the bird boggler » 13 Jun 2009 07:18

Terrific, now the club will have to pay more money out to add more seats to the dug outs giving JM even more excuse for not spending any money on players :wink:

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Re: 7 Subs this Season

by rg6royal » 13 Jun 2009 14:16

Great News

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Re: 7 Subs this Season

by paultheroyal » 13 Jun 2009 16:00

Neil Warnock still wont have a substitute keeper!!

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Re: 7 Subs this Season

by Victor Meldrew » 13 Jun 2009 21:17

Barry the bird boggler Terrific, now the club will have to pay more money out to add more seats to the dug outs giving JM even more excuse for not spending any money on players :wink:

:D

Hardly any manager seems any good at using subs so by now allowing 7 at our level it complicates things even further.
I would prefer it if football either went back to no subs or allow the whole playing staff on the bench-why limit it to seven?


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Re: 7 Subs this Season

by heathrow royal » 13 Jun 2009 23:03

paultheroyal Neil Warnock still wont have a substitute keeper!!


Valid comment to be fair

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Re: 7 Subs this Season

by Y21_Royal » 15 Jun 2009 12:36

ALOL - a massive step and finally some acknowledgement from the football authorities that a lot of clubs are in a financial and all people take away is 7 subs...

This needed doing a long time ago. As it stands clubs area allowed to rack up massive debts and then get all upset when suddenly HMRC want their money paying. It is these debts that are crippling clubs and I'm glad that there is now a measure in place to deter clubs from going down that route.

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