Lucky football

“>

Why are football clubs exempt from the usual rules of administration? And quite why does the “footballers rule” exist?

http://www.bbc.co.uk/news/business-18208076

It’s not often we have sympathy for HMRC but surely their stance is correct?

Essentially the players and (worse) other clubs are preferential preferential creditors. How can this be so? I cannot see anything in the ruling that justifies this at all. Can someone please explain?<a