trousers

Damian Collins MP is aiming to do just that.... DamianCollins ‏@DamianCollins Here's my solution to get rid of the football creditors rule in clause 4 of my Bill http://bit.ly/KKSQXc @david_conn @mattslaterbbc

By my powers of intellectual deduction, it's gotta be halves....

http://www.heraldscotland.com/sport/football/duff-phelps-sunk-by-public-opinion.17692647 A football club administrator being accused of a conflict of interests.....? A first time for everything I guess....

Or © the ones banging on about (a) and (b)

Nice...

Trapeziums?

Semi-circles?

Diamonds?

Halves? :-)

Matt Slater ‏@mattslaterbbc A "disappointed" HMRC: "FCR is unfair 2 all other unsecured creds who r forced 2 make do with much smaller returns - if anything"

Sky Sports ‏@SkySports Sky sources understand Claudio Ranieri & Ray Wilkins have held talks with West Brom about the vacant manager's job. More on site soon. Oh well....I suppose that rules out any potential compensation for Appy being poached....

Something like this 1889 kit? http://www.historicalkits.co.uk/Southampton/Southampton.htm

Cheers. Just looked back at the hint you dropped before. Liking the suggestion that it's completely different to any previous kit.... :-)

Source?

As an aside, why do the Football League describe it as the "so-called" Football Creditors Rule? If they don't like that description what alternative do they suggest I wonder....? Seems like a pretty accurate description to me....

Agree on both of those points Steve!

http://www.football-league.co.uk/footballleaguenews/20120525/high-court-dismisses-hmrc-challenge-to-leagues-insolvency-policy_2293334_2788255 At a hearing in the High Court today, Mr. Justice David Richards dismissed the latest attempt by HM Revenue and Customs (HMRC) to have the so-called 'Football Creditors' rule declared unlawful. This decision follows a five-day trial in November and December 2011. HMRC have been ordered to pay the costs incurred by The Football League in defending these proceedings. HMRC have been granted permission to appeal to the Court of Appeal. A Football League spokesman said: "The judgment confirms that The Football League's rules and insolvency policy do not breach the principles of existing insolvency law. "We recognise that some regard the application of these rules as being imperfect. However, they remain an essential part of football's approach to handling insolvent clubs within the wider context of competitive league football. "The judgment recognises that a league has the right to insist upon insolvent clubs meeting their financial obligations to the rest of the game as a condition of continued membership. "Had this principle been ruled unlawful, the most likely consequence would be insolvent clubs being expelled from The Football League altogether, as clubs would be unwilling to compete against teams that have defaulted on debts to their fellow clubs. This would have devastating consequences for the clubs concerned, their supporters and people living in their local community. "Although it is regrettable that HMRC sought to test this matter before the Courts, we remain committed to a constructive dialogue with the tax authorities, as we share the common aim of ensuring that clubs meet their liabilities as and when they fall due, including sums owed to HMRC. To this end, The Football League and HMRC have co-operated over the implementation of a monthly PAYE reporting mechanism that has significantly reduced the amount of tax owed by clubs. "In an ideal world The Football League would never have to apply its insolvency policy at all. Therefore, our focus will remain on creating a sustainable business environment for all our member clubs. Most recently, this has seen all three divisions of The Football League agreeing to implement cost control measures as part of The League's Financial Fair Play framework."

When was the last time that HMRC won a court case...ever?

At the Royal Courts of Justice, judge justice David Richards dismissed HMRC's latest attempt to overturn the football creditor rule. The decision will be appealed against by HMRC. The taxman had filed a legal claim against the Football League in May 2010 claiming its Football Creditor Rule (FCR), which priorities some creditors over others, was unlawful. The taxman was battling to have the football creditor rule overturned because it believes the rule - which prioritises payments to creditors such as players, managers and clubs in the event of an administration - is "unlawful". If a club enters administration then all football creditors are paid in full with remaining funds then divided among creditors. HMRC and the Football League began their legal battle on 30 November 2011 with residing judge Mr Justice Newey allowing the Premier League permission to "intervene" and fight its corner in the proceedings because both leagues enforce the same rule. Read more: http://www.accountancyage.com/aa/news/2179734/breaking-hmrc-loses-football-creditor-rule-court-battle#ixzz1vsKvcmNw

Brendan Guilfoyle ‏@BrenGuilfoyle HMRC have lost the football creditor rule case it is not contrary to the pari passu principle ,david hinchliffe correctly predicted outcome Retweeted by Matt Slater

@pn_neil_allen: Birch: No quick solution to Ben Haim headache. http://t.co/zKvTejft #Pompey

BBC Breaking News ‏@BBCBreaking Ex-UK PM Tony Blair to give evidence to #Leveson Inquiry into media ethics on Monday. Details soon http://bbc.in/KQ3Upi

He'd make a great England keeper...