Analysis Insolvency and restructuring Paying by the rules By The Lawyer 10 January 2010 00:00 17 December 2015 09:39 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Michael Wood 11 January 2010 at 11:30 It should be noted that in 2002 the Bradford City footballer Benito Carbone agreed to take a reduced payout from the club when it was in administration. While I cannot recall the figures involved Mr Carbone wrote off something like 90% of the outstanding debt the club had to him while shows that while the rule may be distasteful in some cases that distaste is not lost on those who benefit from it. Reply Link Anonymous 26 February 2010 at 12:15 The football creditors rule also prioritises debts to other football clubs e.g. for outstanding transfer fees. What is puzzling is not the rule, nor why the clubs should not see it as in their interests, but what possessed any court to endorse it. Effectively the clubs are writing the law to suit themselves. It is simply false to assert that the League and FA need to re-examine the rule. The League and FA can make up whatever rules they like. What is required is that the courts re-assert their authority over the law and stop enforcing this illegal rule. Failing that, the remedy is for the law to be changed by the appropriate body i.e. parliament. Unless that is there is a basis in European Law for the rule. Given German attitudes to taxation, this appears unlikely. One might be forgiven for the fantasy that HMRC has access to legislative processes. Reply Link Odessa 15 May 2013 at 02:02 It’s a pity you don’t have a donate button! I’d definitely donate to this excellent blog! I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to brand new updates and will talk about this website with my Facebook group. Talk soon! Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.