Is a millionaire who owns a large club in a small pond who for a number of years has used various dubious schemes to hire players to avoid paying taxes so the club can live beyond its means. The chickens eventually come home to roost in the form of HMRC wanting the money that should have been paid by the club in terms of tax and NIC for its employees (players). Supporter A recognises that the club are in the sh*te and only way out is liquidation (not Administration). This would not only put the club he loves out of business but ruin his own business reputation. The club he loves would probably be kicked out of the league and he couldn't face being responsible for that.
He looks for a buyer before everything goes t*ts up. Nobody is interested because of the perilous state of the club so supporter A is in a jam.
Is the only person willing to buy the club given the sh*te state of affairs so offers to buy the club from supporter A for a nominal fee. Supporter B knows full well that the club is in the sh*te but knows he will have to put the club into Administration and never be able to own it going forward. Supporter B does however think that it will mean the survival of his beloved club without him losing a penny of his own money because of his experience in this type of scenario from a business perspective. He thinks I can work this in such a way that the Administrators will keep the club going by doing everything within the law and get the club out of the mess it is in and sell to supporter C. Supporter B might have made this clear to supporter A at the outset but that is neither here nor there.
Supporter B goes into this with his eyes wide open and knows
- The Administrators will have to reduce costs significantly by either relying on existing players to take significant wage cuts or releasing them for free. If they had to release them then younger players would fulfill fixtures to keep them in the league.
- Strike a deal with HMRC who would probably get nothing if club liquidated.
- Accept a 10 point penaly as soon as it became clear club were not going to win the title.
- Accept he will take personal stick but given his past involvement in other companies thinks so what if it means the club he supports survives in the current league.
- The club will be under intense scrutiny for a number of years by both HMRC and the league but that is better than existing and owner C will know that
- He won't lose a penny and can carry on ducking and diving with a few million floating around
- Wll let any court cases die on the vine over the coming years and be secure in the fact he has his money well enough hidden
Buys the club from the Administrator knowing that
- The club has survived
- The club will be under scrutiny
- Will have to live within its means (certainly in the short term)
- Will not be in Europe
- But it will get a fresh start in the current league
- The clubs supporters
- The rest of the league
- The wider community