> -----Original Message----- > From: [EMAIL PROTECTED] [mailto:leedslist- > [EMAIL PROTECTED] On Behalf Of RickD > Sent: 02 August 2007 13:39 > To: leedslist > Subject: Re: [LU] The final countdown > > ----- Original Message ----- > > The fact a legal/successful cva was challenged by someone like HMRC > is > > exceptional - again HMRC's goal here was not to maximise the money it > got > > from LUFC, it was to challenge football's preferential status. They > would > > have challenged regardless of the %. > > That, to me, constitutes exceptional circumstances. > > If you are correct in your assertion that HMRC would have challenged > regardless of the % then this is the new "normal" situation. This would > be > exactly in line with the known position of HMRC prior to the club going > into > administration. It is in fact written guidance policy. It cannot > therefore > and at the same time be exceptional. If it is exceptional then how can > you > argue that HMRC would challenge regardless of the % ? > I don't see how you can hold arguments that this is exceptional and > that > HMRC would challenge regardless, at one and the same time. It surely > must be > one or the other.
No it surely must not be. Have HMRC challenged a previous CVA? If not then for the FL this is an exceptional circumstance. It may well be that HMRC challenge every one from now on, in which case the FL would need to do something. Perhaps that is HMRCs game plan? I base my assertion that HMRC would have challenged regardless on the amount of money in the pot for creditors and what that would have been were the football debts in there too. In that context the higher the %, the more HMRC were losing out on. I believe you are a lawyer Rick? Can you tell me if HMRC have any legal right to more money than they got via administration? Given the first CVA was scrapped and therefore null & void? How can they possibly be influencing matters now? Are they perhaps threatening the second non-cva buyback specifically on the football creditor rule? _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. Leedslist mailing list [email protected] http://list.zetnet.co.uk/mailman/listinfo/leedslist Join The Leeds United Supporters Trust at www.lufctrust.org
