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Another a part of the clause states that clubs won’t be inside a position owe money to rivals, players, staff or tax authorities at the end for the season. They’re hoping steer clear of what happened at Portsmouth who went into administration owing millions in transfer fees, tax and VAT to name a few. I think I read somewhere yesterday that they had offered to cover their creditors 20% products they owed them. A recently available report on European clubs said that 50% industry experts where creating a loss this 20% where in serious financial danger.
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