Date:Friday June 12 2009
The Football League clubs have agreed to new measures relating to tax payments.
At the Annual General Meeting clubs have agreed to set up a transfer embargo on clubs who fall behind with employee related payments to the HMRC.
Speaking on the Football League website Football League chairman Lord Mawhinney said "It`s only right that we do not permit clubs that are unable to meet costs associated with their existing player staff to make further new player commitments".
With a number of clubs falling into administration over the past few years this will give the Football League notice that clubs could be struggling financially.
Clubs have also given the Football League permission to monitor their tax affairs.
Hopefully the new measures will stop clubs spending money they don`t have and avoiding more clubs getting into serious financial difficulty in the future.
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The site is regularly updated with news and views regarding all the current events at Elland Road, alongside a fully interactive message forum and regularly looks at the clubs past. Vital Leeds offers everything that a Leeds United supporter could wish for. If you can think of something and suggest it, we`ll put it on the website!
With news and views, along with a forum, polls and article comments, everything you need in a fans site is right here!
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Date:Friday June 12 2009
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