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Seven subs can be named next season

Seven subs can be named next season

Football League clubs have voted to introduce new financial regulations relating to tax payments next season.

The changes came after the FL met for their annual general meeting this week to agree upon proposals that had been put into motion.

New tax and financial rules have been put into place, which state that any club which falls behind with its employee related payments to HMRC will be subject to a transfer embargo until such time as the debt is cleared.

FL chairman Lord Mawhinney explained: "It is only right that we do not permit clubs that are unable to meet the costs associated with their existing playing staff to make further new player commitments."

Clubs have also agreed to give The League written permission to monitor, as appropriate, their tax affairs directly with HMRC, who have welcomed this new arrangement.

Lord Mawhinney added: "This new regime will provide us with an early warning system where clubs are facing financial problems. It should also help prevent HMRC debt reaching levels that otherwise could hinder the potential rescue of the club through a CVA.

"More importantly, football generally needs to develop a culture of paying its debts rather than putting them off for another day. This will help our clubs to become more financially sustainable in the longer term."

Clubs also approved a proposal. put forward by Derby County, to increase the number of subs for league matches in the FL to seven (from the current five), of which three may enter the field of play.



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Writer:Rich
Date:Sunday June 14 2009
Time: 12:45AM

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# Team P W D L Pts. GD
1 Burton 29 19 3 7 60 16
2 Walsall 29 16 8 5 56 17
3 Wigan 30 15 10 5 55 21
4 Gillingham 30 16 7 7 55 19
5 Coventry 30 13 10 7 49 16
6 Millwall 29 14 5 10 47 9
7 Southend 29 13 8 8 47 6
8 Peterborough 29 13 5 11 44 13
9 Port Vale 31 12 8 11 44 -1
10 Barnsley 29 13 3 13 42 6
11 Sheff Utd 29 11 9 9 42 4
12 Bradford 28 11 8 9 41 -3
13 Scunthorpe 28 11 5 12 38 -4
14 Rochdale 28 10 7 11 37 -2
15 Bury 28 10 7 11 37 -7
16 Doncaster 29 9 9 11 36 -4
17 Swindon 30 10 6 14 36 -5
18 Blackpool 29 9 6 14 33 -7
19 Chesterfield 29 9 3 17 30 -11
20 Shrewsbury 30 8 6 16 30 -15
21 Fleetwood 28 7 8 13 29 -3
22 Crewe 29 6 8 15 26 -20
23 Oldham 27 4 12 11 24 -13
24 Colchester 29 5 7 17 22 -32
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