Are the Scottish Professional Football League insolvency rules about to change?
Following on from my recent blog regarding the rules which had been put in place by the newly formed Scottish Professional Football League (the "SPFL"),1 it has been reported that the SPFL are considering the implementation of a new set of rules in line with what was discussed in that blog.2
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- Tags: Administration | Football | Insolvency | Premier League | Scotland | Scottish Professional Football League (SPFL)
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Written by
Adam Lovatt
Adam is a lawyer specialising in sports law with IMG. Adam has a wide range of commercial and litigation experience from his four years as a qualified solicitor. Adam has a passion for sports law and is currently undertaking a IP Law Masters programme with the University of London. He is passionate about most sports particularly football, golf and tennis.
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Rule E5 of the SPFL insolvency rules clearly states that should the clubs " insolvency process " extend into a second season , a second 15 point penalty will be applied.
Now Hearts have exited administration but they have not completed the insolvency process .
They are currently operating with a Voluntary Arrangement status supervised by BDO, and this part of the insolvency process will continue until all the conditions of the CVA have been fulfilled. As far as football is concerned this will be settling with the football creditors.
If this is not complete by the start of the new season the penalty points sanction should be applied.
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