Football repels taxman's bid to change creditors ruling

The High Court has rejected an attempt by HMRC to get the so-called "football creditors rule" abolished in England.

The rule means football clubs and players get preferential financial treatment when a team goes bust.
HMRC said it was unfair these groups should be at the head of the queue for payouts if a club went into administration, meaning there was often little left for other creditors.
Now MP Damian Collins says he will move to legislate to remove the rule.
Mr Collins was a member of the House of Commons' Culture Media and Sport Committee which looked at ways to improve the running of sport, including football, in the UK.
One of its recommendations was to remove the football creditors rule.
Now the Folkstone MP has told the BBC news website that, targeting changes to the 1986 Insolvency Act, he would "be pushing to legislate to remove the rule".