An interesting piece on british football Clubs, the HMRC and going into administration http://news.bbc.co.uk/sport1/hi/football/15969818.stm I think it is a joke that so many clubs have gone into administration and survived with a points deduction.
a very interesting article, and when the euro goes tits up, portsmouth will be at the head of lots of clubs having their overdraughts called in by the banks, and of course it will not just be football clubs. january will be a good time for clubs to sell and not buy. i fear grim times are ahead for impoverished business's. small wonder the banks are not lending, they are too busy preparing for some very rainy days ahead