----- 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. 


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