>>HMRC policy is to VOTE AGAINST any CVA, just as they did ours  which gives
football or anyone else, I'd imagine preferential treatment.  Why would you
expect them, or any other, run of the mill creditors not to  do so? Even
Bates didn't expect that to happen, hence he had to stack the  deck in
numerous ways.<<
 
 
And more importantly, HMRC policy is to challenge CVAs in the courts, so  
ensuring the CVA cannot be approved. This means no club entering a CVA will be  
able to exit from admin via CVA.
 
Get this into your head. It is not about Bates. HMRC would have done the  
same thing no matter who was chairman. HMRC wants a test case to challenge the  
right of 'football creditors' to retain their preferntial status - a position  
HMRC has recently lost.
 
Hence also Mawhinney citing all the other 41 receiverships as being via CVA  
- these pre-date HMRC losing its preferential status.
 
I repeat - it's not about Bates. It's HMRC vs Football - and we're in  the 
firing line. Maybe Bates didn't expect that. Equally, maybe he did...
 
Mark
 

 



   
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