The HM Treasury attempted to freeze all the assets of Icelandic Landsbanki bank in the UK. The order was approved by both Houses of Parliament on the 28th of October 2008. Landsbanki bank was placed into receivership in Iceland as the bank was one of the first of the global crisis to reach the brink of collapse. When this happened the powers that be in the UK tried to get Iceland to put the burden of debt from this bank onto the Icelandic public. The prime minister of Iceland at the time refused and Landsbanki bank was put on the same list as Al qaeda and the Taliban. Continue reading Landsbanki Freezing Order 2008
How do Football clubs make money?
Foreign countries buy the rights to broadcast live games. Recently China paid out £560 million in a Contract with the Premier League. Sky Sports and BT Sports agreed a record £5.1 billion venture to show live games. Clubs take 95% of domestic TV revenue so it’s a big pay out to keep people watching.