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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
P Wigan 45 24 15 6 87 40
2 Burton 45 25 9 11 84 20
3 Millwall 45 23 9 13 78 23
4 Walsall 44 22 12 10 78 15
5 Bradford 45 22 11 12 77 13
6 Barnsley 45 21 8 16 71 13
7 Scunthorpe 45 20 11 14 71 11
8 Gillingham 45 19 12 14 69 16
9 Coventry 45 18 12 15 66 16
10 Sheff Utd 45 18 12 15 66 7
11 Rochdale 45 18 12 15 66 6
12 Port Vale 45 18 11 16 65 3
13 Peterborough 45 18 6 21 60 5
14 Southend 45 16 11 18 59 -5
15 Bury 45 15 12 18 57 -18
16 Swindon 45 15 11 19 56 -10
17 Oldham 45 12 18 15 54 -12
18 Chesterfield 45 15 8 22 53 -10
19 Shrewsbury 45 13 11 21 50 -18
20 Fleetwood 44 11 15 18 48 -4
21 Blackpool 45 12 10 23 46 -19
22 Doncaster 45 11 12 22 45 -16
R Colchester 45 9 13 23 40 -41
R Crewe 45 7 13 25 34 -35
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