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Old 10-06-2014, 21:13   #64
Exile on Spencer St
God Member
 

Re: The end of Hereford United?

I wonder how long it will be before we see every team in the Football League and Conferences go into receivership in unison at the end of every season?
The underlying threat that the massively indebted big boys hold over everyone else is that if you owe £165K it's your problem, if you owe £60M - £600M, it's the banks' problem. Thus the Premier League Global Conglomerate Club Inc. (and the Exchequer) are happy to go on inflating the costs of the game knowing that the banks will not call in their debts.
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