Football: Insolvency
(asked on 21st July 2014) - View Source
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Culture, Media and Sport, with reference to Lord Justice Hickinbottom's judgement in Sisu v. Coventry City Council, if he will bring forward legislative proposals to reform the Football Creditors' Rule.
This question was answered on 1st September 2014
The football authorities have made significant moves over recent years to get clubs on a stronger financial footing, principally through the introduction of financial fair play rules, minimising the need for football to rely on the Football Creditors Rule in cases of club insolvencies. The Government keeps the situation under review.
The football authorities have made significant moves over recent years to get clubs on a stronger financial footing, principally through the introduction of financial fair play rules, minimising the need for football to rely on the Football Creditors Rule in cases of club insolvencies. The Government keeps the situation under review.