Taxing time for debt-ridden clubs

Her Majesty's Revenue and Customs have told investigative journalist Donal McIntyre that they have written off more than STG28 million (RM169m) owed by 14 clubs who went into administration with outstanding PAYE and England's National Insurance contributions. Betting firm SBO Bet were repo...

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Bibliographic Details
Published inNew Straits times
Main Author King, Dan
Format Newspaper Article
LanguageEnglish
Published Kuala Lumpur The New Straits Times Press (M) Berhad 29.11.2008
Subjects
Gudmundsson, Bjorgolfur
McMenemy, Lawrie
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Summary:Her Majesty's Revenue and Customs have told investigative journalist Donal McIntyre that they have written off more than STG28 million (RM169m) owed by 14 clubs who went into administration with outstanding PAYE and England's National Insurance contributions. Betting firm SBO Bet were reportedly close to agreeing a deal to replace travel company XL, who went bust in September shortly after one of [Bjorgolfur Gudmundsson]'s companies had tried to save them with a STG150 million loan. LAWRIE McMENEMY, the only Southampton manager ever to win a major trophy, has had his picture removed from the boardroom at St Mary's.