This petition was submitted during the 2010-2015 parliament
Petition Stop the Football Creditors Rule
More details
When football clubs go out of business or into administration in the main with large debts it is the football industry that protects itself through this rule. This means that other clubs, players on large contracts, are always guaranteed to receive monies owed to them but the companies servicing clubs with outstanding invoices only receive whatever the creditors agreement allows, normally 1/2p in the pound.
How can this be fair to these businesses that are at risk of going out of business?
Football must be brought in line with standard business practices, please support this petition.
This petition is closed This petition ran for 6 months
56 signatures
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10,000 signatures required to get a government response