Jim White 0 Posted October 14, 2010 Share Posted October 14, 2010 Scottish First Division club Dundee have officially been placed in administration after an unpaid tax bill. More... 0 Quote Link to post Share on other sites More sharing options...
bluedan 93 Posted October 15, 2010 Share Posted October 15, 2010 Very sad, don't know why but i've always had a soft spot for Dundee. Good family club,really hope they survive as it would be a real shame for Scottish football to see them go under. 0 Quote Link to post Share on other sites More sharing options...
alexscottislegend 2,375 Posted October 15, 2010 Share Posted October 15, 2010 What they owe the taxman is chickenfeed compared to what Liverpool owe the bank and the taxman, yet they are likely to get away with it because they are a much bigger institution than a small 'family' club. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted October 15, 2010 Share Posted October 15, 2010 What they owe the taxman is chickenfeed compared to what Liverpool owe the bank and the taxman, yet they are likely to get away with it because they are a much bigger institution than a small 'family' club. Liverpool aren't getting away with anything. They may also be forced into administration, but they do have options for repayment, unlike Dundee. 0 Quote Link to post Share on other sites More sharing options...
alexscottislegend 2,375 Posted October 15, 2010 Share Posted October 15, 2010 Liverpool aren't getting away with anything. They may also be forced into administration, but they do have options for repayment, unlike Dundee. I just meant that that big clubs have huge debts yet banks rarely seem to threaten them with calling in their debts - they seem to pick on the small fry. You don't seriously suggest that L'pool could ever go to the wall? 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted October 15, 2010 Share Posted October 15, 2010 I just meant that that big clubs have huge debts yet banks rarely seem to threaten them with calling in their debts - they seem to pick on the small fry. You don't seriously suggest that L'pool could ever go to the wall? It isnt always just a "big guy gets away with it but the small guy gets hammered" though. Liverpool have a far bigger, broader revenue stream than Dundee. You have to look at whether the debt could be serviced or not. The bank, more than likely, think Liverpool have the means and revenue streams to service their debt whilst they dont believe Dundee do. You cant simply look at the debt in absolute terms. Dundee owe 300k whilst Liverpool owe 300 million - you cant simply say it is 1,000 times more so Liverpool should have their debt called too. I would hazard a guess that Liverpool's debt, even at 300 million, is safer than Dundee's. 0 Quote Link to post Share on other sites More sharing options...
alexscottislegend 2,375 Posted October 15, 2010 Share Posted October 15, 2010 Takes a couple of accountants to put me right. Cheers, chaps. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,761 Posted October 15, 2010 Share Posted October 15, 2010 Chisholm & Dodds sacked as well now 0 Quote Link to post Share on other sites More sharing options...
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