PREMIER LEAGUE

SECTION E: CLUBS – FINANCE
E.31. For the purposes of this Section of these Rules, Football Creditors shall comprise:
E.31.1. the Football Association and clubs in full or associate membership thereof;
and
E.31.2. Affiliated Associations (as defined by the articles of association of the
Football Association); and
E.31.3. the League and any subsidiary of it; and
E.31.4. the Football League, the Football Conference, the Northern Premier League,
the Southern Premier League and the Isthmian Football League; and
E.31.5. the Professional Footballers’ Association; and
E.31.6. the Football Foundation; and
E.31.7. any employee or former employee of the suspended Club to whom arrears
of wages or salary are due, to the extent of such arrears; and
E.31.8. any pension provider to which a pension contribution payable by the
suspended Club in respect of its employees or former employees is due, to
the extent of such contribution.
E.32. Upon being reasonably satisfied that a suspended Club’s liabilities to its Football
Creditors have been settled, the Board shall have power, subject to Rule E.33, to
withdraw the suspension of that Club by giving to it notice in writing to that effect.
E.33. In exercising its powers under Rules E.25, E.30, E.32 and E.35 and its discretion
under Rule E.27, the Board shall have regard to all the circumstances of the case
and to:
E.33.1. such of the provisions of the Insolvency Act 1986, the Competition Act
1998 and the Enterprise Act 2002 as are relevant and then in force;
E.33.2. the consideration (if any) given by the insolvent Club under the provisions
of Rules D.17, D.19, D.21, D.23 and D.26;
E.33.3. the interests of the insolvent Club’s Officials, Players, supporters,
shareholders and sponsors;
E.33.4. the interests of the insolvent Club’s other Football Creditors;
E.33.5. the need to protect the integrity and continuity of the League competition;
E.33.6. the reputation of the League and the need to promote the game
of association football generally; and
E.33.7. the relationship between the Club and its Parent Undertaking, in the event
that the Parent Undertaking suffers the Event of Insolvency.
E.34. Any distribution to a Relegated Club under the provisions of Rules D.17, D.19 or D.21
may be deferred if, on or before the date of the distribution, the Relegated Club has
been given notice under article 4.5 of the articles of association of the Football
League which has been suspended. Upon such notice being withdrawn the deferred
distribution shall be paid but if in consequence of the notice the club to which it was
due ceases to be a member of the Football League its amount shall be added to the
next distribution made in accordance with these Rules.
C.63
C.64
C.65
C.66
107
PREMIER LEAGUE RULES: SECTION E