IF I WAS THE TAXMAN

I'd be saying to myself, possibly,allegedly etc.If as a club, you are that confident that things are or will be O.K. in the near future, then why don't the board or major share holders chip in, loan the club the money and then pay it back to themselves ASAP.

We are asking the Tax man to have confidence in the financial management of our club, yet our own directors don't appear to have enough belief themselves, why would we threaten the tax man by saying OK then If you wont give us any breathing space to pay our debts, we'll just go into administration and the secured creditors i.e. PMG will get first dibs.

The people running our club appear all to keen to use the threat of administration as a weapon yet again, this is how they got Sam out, and now they are trying it on with the taxman. I'm sure PMG would be quite happy if it goes into admin as long as they are the first ones paid back.

The directors/major share holders are the ones likely to make the huge profits if the club is sold,so why don't they help out now by putting some of their own money in until its sorted out.They will be happy to walk away with a profit, but not prepared to help out when needed.

mmmm maybe but very unlikely

I'd be saying to myself, possibly,allegedly etc.If as a club, you are that confident that things are or will be O.K. in the near future, then why don't the board or major share holders chip in, loan the club the money and then pay it back to themselves ASAP.

We are asking the Tax man to have confidence in the financial management of our club, yet our own directors don't appear to have enough belief themselves, why would we threaten the tax man by saying OK then If you wont give us any breathing space to pay our debts, we'll just go into administration and the secured creditors i.e. PMG will get first dibs.

The people running our club appear all to keen to use the threat of administration as a weapon yet again, this is how they got Sam out, and now they are trying it on with the taxman. I'm sure PMG would be quite happy if it goes into admin as long as they are the first ones paid back.

The directors/major share holders are the ones likely to make the huge profits if the club is sold,so why don't they help out now by putting some of their own money in until its sorted out.They will be happy to walk away with a profit, but not prepared to help out when needed.

Well Said Gwyn, Why dont all the Major Shareholders pay the Tax Man off IF THEY CARE SO MUCH FOR OUR CLUB

I'd be saying to myself, possibly,allegedly etc.If as a club, you are that confident that things are or will be O.K. in the near future, then why don't the board or major share holders chip in, loan the club the money and then pay it back to themselves ASAP.

We are asking the Tax man to have confidence in the financial management of our club, yet our own directors don't appear to have enough belief themselves, why would we threaten the tax man by saying OK then If you wont give us any breathing space to pay our debts, we'll just go into administration and the secured creditors i.e. PMG will get first dibs.

The people running our club appear all to keen to use the threat of administration as a weapon yet again, this is how they got Sam out, and now they are trying it on with the taxman. I'm sure PMG would be quite happy if it goes into admin as long as they are the first ones paid back.

The directors/major share holders are the ones likely to make the huge profits if the club is sold,so why don't they help out now by putting some of their own money in until its sorted out.They will be happy to walk away with a profit, but not prepared to help out when needed.

It is strange that they are letting it get that far, an additional director's loan from pmg at x% above base rate if they knew they'd be getting season ticket money in, even if not they'd probably secure it somehow.

I think if a company goes into administration don't HMRC come first before the secured creditors? I may be wrong, but I though the tax man came first

yes hrmc is a preferential creditor anything left will be a % in the pound and that is normally very low

HMRC may come first but we only talking a few million, there'd be enough left in the clubs assets to pay PMG back in full.

there would be all the recent tax to pay and the administraters charge a million zillion pounds an hour, so when you take into account all that the pot will be half empty,

I'd be saying to myself, possibly,allegedly etc.If as a club, you are that confident that things are or will be O.K. in the near future, then why don't the board or major share holders chip in, loan the club the money and then pay it back to themselves ASAP.

We are asking the Tax man to have confidence in the financial management of our club, yet our own directors don't appear to have enough belief themselves, why would we threaten the tax man by saying OK then If you wont give us any breathing space to pay our debts, we'll just go into administration and the secured creditors i.e. PMG will get first dibs.

The people running our club appear all to keen to use the threat of administration as a weapon yet again, this is how they got Sam out, and now they are trying it on with the taxman. I'm sure PMG would be quite happy if it goes into admin as long as they are the first ones paid back.

The directors/major share holders are the ones likely to make the huge profits if the club is sold,so why don't they help out now by putting some of their own money in until its sorted out.They will be happy to walk away with a profit, but not prepared to help out when needed.

It is strange that they are letting it get that far, an additional director's loan from pmg at x% above base rate if they knew they'd be getting season ticket money in, even if not they'd probably secure it somehow.

I think if a company goes into administration don't HMRC come first before the secured creditors? I may be wrong, but I though the tax man came first

No secured creditors first, then Preferential eg HMRC then lastly other creditors

If I was the taxman I'd close Swansea down, even if there payments were up to date..

Thank god Gwyn isn't the taxpayer given he's making judgment based upon nothing more that rumour and hearsay!

Rumour and heresay, oh yes I forgot, there's no e mails really, and none of us have seen them coz they don't exist,do they.

Rumour and heresay, oh yes I forgot, there's no e mails really, and none of us have seen them coz they don't exist,do they.

unless you know the hacker(alledgedly)

HMRC have written off about £28million in PAYE owed to the government by football teams and I think they've had enough of clubs running with high debts in an attempt to get to the Premiership or into Europe.

They are writting off tax every time a club goes into administration and instead of holding off so they get their money, it looks like they are continuing to play hard ball even if it means they write off more money. I think they have had enough of a businesses, that are basically cash cows, being mis-managed and just thrown into administration when things don't go the owners way.

This is why the football league are punishing clubs with transfer bans if they don't pay their tax. It is an attempt to make them prioritise how they spend their money and not buy players in an attempt to make progress at the expense of their tax bill. Everyone else has to pay their tax on time what makes football clubs any different.