Quote:
Originally Posted by expatriate
firstly, as of right now, £206,000 has been sent to HMRC. The balance of the money was meant to be from the PFA (on weds last week oneil told the court that the pfa money was "in the bank" and would be remitted in the next few hours). As of 3.20pm this money has not turned up. I do not believe it will arrive today.
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I spoke to a colleague at the weekend who is on the supporters' trust committee that is the majority shareholder at and oversees the running Exeter City. He stated categorically that any PFA money loaned to any football club is for players' wages only and cannot be used for any other purpose.
I was very surprised when I read on here that money from the PFA was going to be used to pay a tax bill, which is why I checked.
Exeter City, prior to it being trust owned, had borrowed money from the PFA and was put under a transfer embargo at the time. Once the money was repaid, the embargo was lifted.