The Revenue sought the defendant’s liquidation, challenging the sum fixed to be due by the chairman of the meeting and the football rules which gave preference to football debts over those of others. The dispute was as to treament of receipts for players’ image and associated rights. They were paid into discretionary trust funds, and payment of NIC and PAYE only being said to fall due on allocation of the benefit to the player. HMRC claimed 14 million pounds in this respect. Football creditors, who would in any event be paid in full were also given full voting rights in the administration.
Held: HMRC’s claims failed.
 BCC 149,  BPIR 1123,  EWHC 2013 (Ch)
Insolvency Act 1986 6, Insolvency Rules 1986 1.17
England and Wales
Updated: 20 May 2021; Ref: scu.421494