Mihir Bose: Football has been allowed to get away with a very peculiar system when it comes to paying its debts
There is a story going round the many lawyers, accountants and other professionals who advise football clubs. The story goes as follows. Some years ago, when Leicester City were in financial trouble and being hounded by the Revenue for non payment of taxes, Keith Vaz, the local MP, rang Gordon Brown then Chancellor of the Exchequer.