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Another involved in the clause states that clubs will be unable to owe money to rivals, players, staff or tax authorities at the end of the twelve months. They're hoping to avoid what happened at Portsmouth who went into administration owing millions in transfer fees, tax and VAT to name just a few. I think I read somewhere yesterday that they had offered spend their creditors 20% goods they owed them. A current report on European clubs said that 50% ones where creating a loss understanding that 20% whereby serious financial danger.
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