Bolton Wanderers face HMRC wind-up order

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claretblue
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Bolton Wanderers face HMRC wind-up order

Post by claretblue » Fri Feb 08, 2019 4:39 pm

https://www.bbc.co.uk/sport/football/47173241" onclick="window.open(this.href);return false;

morpheus2
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Re: Bolton Wanderers face HMRC wind-up order

Post by morpheus2 » Fri Feb 08, 2019 4:46 pm

This is not good, I'm certainly not looking forward to what's going to happen to us in 10 years time.
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Re: Bolton Wanderers face HMRC wind-up order

Post by conyoviejo » Fri Feb 08, 2019 4:49 pm

Altogether now 1.2.3. "I love to go a Wandering a wandering down the league " ..

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Re: Bolton Wanderers face HMRC wind-up order

Post by Quickenthetempo » Fri Feb 08, 2019 4:49 pm

Have HMRC ever actually won a case and got the club wound up?

Spijed
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Re: Bolton Wanderers face HMRC wind-up order

Post by Spijed » Fri Feb 08, 2019 4:58 pm

Quickenthetempo wrote:Have HMRC ever actually won a case and got the club wound up?
Seems strange that when it comes to football HMRC is at back of the queue.
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Re: Bolton Wanderers face HMRC wind-up order

Post by IanMcL » Fri Feb 08, 2019 5:00 pm

They rise as different entities as a company. So it would be Let's have another go at keeping this lot going Ltd, Trading as Bolton Wanderers.

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Re: Bolton Wanderers face HMRC wind-up order

Post by bfcjg » Fri Feb 08, 2019 5:06 pm

They've faced more wind ups than a clockwork toy.

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Re: Bolton Wanderers face HMRC wind-up order

Post by kritichris » Fri Feb 08, 2019 5:13 pm

Bury just survived a similar do

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Re: Bolton Wanderers face HMRC wind-up order

Post by bfcjg » Fri Feb 08, 2019 5:15 pm

I was told by somebody who works for them that HMRC are gunning for a football club after the ridiculous decision to let Portsmouth off a few years ago.

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Re: Bolton Wanderers face HMRC wind-up order

Post by gawthorpe_view » Fri Feb 08, 2019 5:40 pm

bfcjg wrote:They've faced more wind ups than a clockwork toy.
More wind-ups than Jeremy Beadle.

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Re: Bolton Wanderers face HMRC wind-up order

Post by Stalbansclaret » Fri Feb 08, 2019 5:51 pm

Quickenthetempo wrote:Have HMRC ever actually won a case and got the club wound up?
Glasgow Rangers were effectively put into liquidation by HMRC

https://en.m.wikipedia.org/wiki/Adminis ... l_Club_plc" onclick="window.open(this.href);return false;

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Re: Bolton Wanderers face HMRC wind-up order

Post by theroyaldyche » Fri Feb 08, 2019 5:51 pm

Bet they still exist in 10 years

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Re: Bolton Wanderers face HMRC wind-up order

Post by Cirrus_Minor » Fri Feb 08, 2019 6:04 pm

I would hope not, seeing a famous football club be actually wound up is way beyond petty local rivalry.
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Re: Bolton Wanderers face HMRC wind-up order

Post by bfcjg » Fri Feb 08, 2019 6:18 pm

Cirrus_Minor wrote:I would hope not, seeing a famous football club be actually wound up is way beyond petty local rivalry.
Agree,but it is Bolton.
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Re: Bolton Wanderers face HMRC wind-up order

Post by ClaretAndJew » Fri Feb 08, 2019 7:13 pm

Nothing will happen. Nothing ever happens. Pompey are going to be in the Championship next year. Hardly a disaster is it? Sure a long slog but not the fire and brimstone everyone suggests when talking about over spending and living within means etc.

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Re: Bolton Wanderers face HMRC wind-up order

Post by RalphCoatesComb » Fri Feb 08, 2019 9:52 pm

Would you p!ss with HMRC? Me neither!

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Re: Bolton Wanderers face HMRC wind-up order

Post by GodIsADeeJay81 » Sat Feb 09, 2019 12:24 am

bfcjg wrote:I was told by somebody who works for them that HMRC are gunning for a football club after the ridiculous decision to let Portsmouth off a few years ago.
We've been hearing that line for years, but HMRC appear to be utterly useless at winding up a club in the top 4 divisions, despite numerous chances to do so :roll:

As for Bolton, turns out the PFA have paid the last two months worth of wages but are refusing to pay a 3rd month, so it's going to be interesting to see what happens next.

With HMRC chasing them yet again, unable to pay their staff and reneging on transfer deals, it's probably time the FA/FL stepped in and relegated this lot with a serious points deduction, and gave them another for the start of next season, or just threw them out of the league full stop.
They're an utter shambles financially and their owner doesn't appear to be either bothered or financially capable of sorting them out.

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Re: Bolton Wanderers face HMRC wind-up order

Post by ElectroClaret » Sat Feb 09, 2019 12:38 am

Who owns their ground? Can't they flog that?

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Re: Bolton Wanderers face HMRC wind-up order

Post by tiger76 » Sat Feb 09, 2019 12:38 am

GodIsADeeJay81 wrote:We've been hearing that line for years, but HMRC appear to be utterly useless at winding up a club in the top 4 divisions, despite numerous chances to do so :roll:

As for Bolton, turns out the PFA have paid the last two months worth of wages but are refusing to pay a 3rd month, so it's going to be interesting to see what happens next.

With HMRC chasing them yet again, unable to pay their staff and reneging on transfer deals, it's probably time the FA/FL stepped in and relegated this lot with a serious points deduction, and gave them another for the start of next season, or just threw them out of the league full stop.
They're an utter shambles financially and their owner doesn't appear to be either bothered or financially capable of sorting them out.
Totally agree they have been paying daft wages for years now,and finally it's biting them on the arse,can the FL not see that their product is being devalued by clubs like Bolton,or do the powers that be not care.

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Re: Bolton Wanderers face HMRC wind-up order

Post by Lord Beamish » Sat Feb 09, 2019 7:32 am

I do so hope that they go bust.

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Re: Bolton Wanderers face HMRC wind-up order

Post by JohnMac » Sat Feb 09, 2019 9:48 am

Biggest joke going football and the taxman.

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Re: Bolton Wanderers face HMRC wind-up order

Post by Spijed » Sat Feb 09, 2019 11:37 am

And teams have been sticking two fingers up to the taxman and others in the past. Leicester built a brand new stadium yet knew they couldn't pay for it. They just went into administration.

And Ipswich just wiped out their debt doing the same.

If you can't pay you should be automatically relegated, regardless.
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Re: Bolton Wanderers face HMRC wind-up order

Post by KeighleyClaret » Sat Feb 09, 2019 4:02 pm

Stalbansclaret wrote:Glasgow Rangers were effectively put into liquidation by HMRC

https://en.m.wikipedia.org/wiki/Adminis ... l_Club_plc" onclick="window.open(this.href);return false;
The Glasgow Rangers that emerged are legally a new club. They had to enter the Scottish League at a lower level. It just looks like the old club and has claimed the old club's records. But it is not the same legal entity.

This has happened here; Accrington Stanley for example, but for the most part clubs avoid it by Administration and CVA's.

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Re: Bolton Wanderers face HMRC wind-up order

Post by Chester Perry » Sat Feb 09, 2019 4:06 pm

Spijed wrote: If you can't pay you should be automatically relegated, regardless.
spot on and it should be at least 2 divisions

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Re: Bolton Wanderers face HMRC wind-up order

Post by KeighleyClaret » Sat Feb 09, 2019 4:10 pm

HMRC goes in early with Winding Up petitions; the Football Creditors rule means that when a club goes into administration, the Players become preferential creditors and are paid out ahead of other creditors including HMRC. Hence HMRC tried to limit their losses by challenging the Football Creditors rule as 'Tax Evasion' in the Courts, though they lost the case in 2012. The rule is said to cost the taxpayer hundreds of millions of pounds. A quick search reveals winding up petitions issued by HMRC against Bolton, Southend, Nuneaton, Bury. Hereford United were wound up and Villa came close before a change of ownership. Birmingham remain in trouble.

Football tries to protect its own at the expense of the public. The response of HMRC is to play hard ball when clubs don't pay them.

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Re: Bolton Wanderers face HMRC wind-up order

Post by DCWat » Sat Feb 09, 2019 4:19 pm

IanMcL wrote:They rise as different entities as a company. So it would be Let's have another go at keeping this lot going Ltd, Trading as Bolton Wanderers.
Trotters Independent Traders?
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