Smells like balls to me.

>>>The debt is a debt if it is for contracted work and there is a
liquidated damages amount in the contract, for example.

They could also say what Taylor said - that LUFC owed the money but they
didn't bother invoicing it because they knew LUFC couldn't pay it.  When
administration loomed then they did invoice all owed amounts as they
needed to be reflected correctly amongst the creditors.

And again, it doesn't matter whether you or I (or HMRC) think the value
should be lower because we are in Div.3, it is none of our business.
LUFC aren't a publicly funded operation and they can do whatever deals
they want with whatever companies they want.  If they want to pay
Yorkshire Radio 10 x what they would have for Radio Aire then thats up
to them.  The only people they answer to are the shareholders.<<<


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