Text at top (next game etc)

Next Game: Banbury Away On Friday March 29th Kick-Off 3.00pm

Sunday, March 25, 2012

0.0009p In The Pound

With the taxman still trying to get the Football Creditors rule overturned in the High Court, some extraordinary information has surfaced.

Sporting Intelligence has published details of a 106 page document used by HMRC in their fight against the football authorities, a document that reveals that following Darlington's 2009 Administration they received just £3.64 of a £404,376 tax bill - just 0.0009p of every pound.

The taxman believes it has lost nearly £40million from just 15 insolvent clubs included in the document, with there having been 53 insolvency cases in recent times. Top of the list is Portsmouth, who are claimed to have not paid a penny of £17.3million owed despite having agreed a 20% deal after their last crisis.

Some of the guilty clubs are currently in the Conference. Luton skipped over £2.7million in tax, Wrexham over £700,000, and Stockport half a million. In 2008, Rotherham paid nothing to their unsecured creditors and avoided a £200,000 tax demand.