United Thread - 2021/22

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jrb said:
A very interesting but complicated Manchester United read. 5th. Unless you're an accountant.

City are 1st. ;-) The reason being......

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Can someone explain....in layman terms :)
 
Father Paul said:
Well Trump can Mount a good case and probably will be back but hopefully the rags are entering into a Liverpool like depression lasting 30 years.
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I hate them so much that even the thought of them coming good again in 30 years is enough to irritate me.

NB - Technically it wouldn't be in 30 years, it would be in 20 years... as they've already been shit for 10 years now, so that's got me even more irritated!
 
radcliffe1309 said:
Can someone explain....in layman terms :)
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My limited understanding from reading it are City are top because our money comes from Abu Dhabi and the people who wrote the report say Abu Dhabi financial centres can be dodgy, however, looking at it City's finances aren't dodgy. There were historical issues with FFP and related party sponsors (which we all knew about) but that's all sorted and we have very little debt so are financially sound but, well its Abu Dhabi so booooo!
Bolton are second as they just have a lot of dodgy overseas finance n variousbtax havens and nobody seems to know who owns them or where the money comes from.
Bournemouth are really dodgy as, like Bolton, nobody knows who owns them or where the money comes from or whether they pay tax.
Spurs are dodgy because their money is based in a Bahamas tax haven and they've used the local council and UK Government to get taxpayer money to pay somebof the costs involved with building their new stadium and surrounding areas. They've also been allowed to ignore part of the deal they made with the council to build affordable housing at the taxpayers expense. This tax payer money thats helped build Tottenhams stadium wont be recouped so all the profits that the new stadium brings will then inevitably end up in Joe Lewis Bahamas tax haven.
United have an incredibly complicated and morally dodgy structure but the entire pyramid is basically set up to allow the Glazers avoid some tax, pay more of a different tax but overall keep control of United while taking money out and putting nothing in.
To be honest the Bournemouth and Spurs stuff was most interesting as the stuff in the United section was all already pretty well known about. The United section is very complicated though so I've probably missed something.
 
Are the rags by any chance in for Frank Kessie?
He's come out with this little beauty.

“I like the Premier League and in particular the Manchester United – a team I dream of playing in,” Kessie told TuttoMercatoWeb, as quoted by Sky Sports. “Chelsea is also a great club, no one would refuse it, but I dream of United.”
 
danielwood5 said:
My limited understanding from reading it are City are top because our money comes from Abu Dhabi and the people who wrote the report say Abu Dhabi financial centres can be dodgy, however, looking at it City's finances aren't dodgy. There were historical issues with FFP and related party sponsors (which we all knew about) but that's all sorted and we have very little debt so are financially sound but, well its Abu Dhabi so booooo!
Bolton are second as they just have a lot of dodgy overseas finance n variousbtax havens and nobody seems to know who owns them or where the money comes from.
Bournemouth are really dodgy as, like Bolton, nobody knows who owns them or where the money comes from or whether they pay tax.
Spurs are dodgy because their money is based in a Bahamas tax haven and they've used the local council and UK Government to get taxpayer money to pay somebof the costs involved with building their new stadium and surrounding areas. They've also been allowed to ignore part of the deal they made with the council to build affordable housing at the taxpayers expense. This tax payer money thats helped build Tottenhams stadium wont be recouped so all the profits that the new stadium brings will then inevitably end up in Joe Lewis Bahamas tax haven.
United have an incredibly complicated and morally dodgy structure but the entire pyramid is basically set up to allow the Glazers avoid some tax, pay more of a different tax but overall keep control of United while taking money out and putting nothing in.
To be honest the Bournemouth and Spurs stuff was most interesting as the stuff in the United section was all already pretty well known about. The United section is very complicated though so I've probably missed something.
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The report makes it sound like offshore finance is somehow undesirable. Er.....British govs of all hues work to attract foreign investment, which we need to take care of our balance of payments deficit.
 
KS55 said:
The report makes it sound like offshore finance is somehow undesirable. Er.....British govs of all hues work to attract foreign investment, which we need to take care of our balance of payments deficit.
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Yeah, that was my reading of it too. They seem to be most concerned about where the finance is from rather than how it's structured or used.
This does kind of make sense from their perspective as they only seem to be looking at football's finances from abroad and any tax avoidance issues, so if your finance is coming from or through places like the Cayman Islands, Bahamas, etc then that is likely to be because some level of tax avoidance is involved.
We're at the top simply because we have a global setup (CFG) which involves huge amounts of money and they say Abu Dhabi has a high secrecy score on the "Financial Secrecy Index".
They go on to say that there's nothing secret about our finances and that City are "on a far more sustainable financial footing than others." so it's odd that they've even included us in something like this.
It looks like they've added us simply due to geography rather than any measure of secrecy round ownership, as in the case of Bournemouth and Bolton, or general levels of tax avoidance, like Spurs and United.
Foreign investment is hugely important to the UK but we should make sure that it's as transparent as possible to try to put a stop to as much tax fraud as possible. This will never happen though as one of the benefits of using tax havens and top accountants to exploit loopholes is that you tend to be extremely rich which gives you a lot of power.
 
danielwood5 said:
Yeah, that was my reading of it too. They seem to be most concerned about where the finance is from rather than how it's structured or used.
This does kind of make sense from their perspective as they only seem to be looking at football's finances from abroad and any tax avoidance issues, so if your finance is coming from or through places like the Cayman Islands, Bahamas, etc then that is likely to be because some level of tax avoidance is involved.
We're at the top simply because we have a global setup (CFG) which involves huge amounts of money and they say Abu Dhabi has a high secrecy score on the "Financial Secrecy Index".
They go on to say that there's nothing secret about our finances and that City are "on a far more sustainable financial footing than others." so it's odd that they've even included us in something like this.
It looks like they've added us simply due to geography rather than any measure of secrecy round ownership, as in the case of Bournemouth and Bolton, or general levels of tax avoidance, like Spurs and United.
Foreign investment is hugely important to the UK but we should make sure that it's as transparent as possible to try to put a stop to as much tax fraud as possible. This will never happen though as one of the benefits of using tax havens and top accountants to exploit loopholes is that you tend to be extremely rich which gives you a lot of power.
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The impression I've always got is that when it comes to HMRC, City are squeaky clean compared to, ahem, certain other clubs. Yet apparently we're the real villains because back in 2014 we were deemed to have breached some new shitty financial regs designed to maintain the status quo - regs that even if we had blatantly rode roughsod over (which we didn't) wouldn't have ended up with anyone doing porridge, whereas tax dodging does.
 
danielwood5 said:
Now that you've shared this how long do we think it will take before it's in the papers with a headline of "City No 1 in Tax Avoidance League"?
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It was out there any way. It's not my fault I'm better than highly paid journalists at finding a scoop. ;-)

The report is 3 years old. The amount of finance coming to City from offshore may have change now?

In this specific report City are top because of.......

Of course, much of the economic activity in the UAE will be entirely legitimate and there is no suggestion Manchester City Football Club, Manchester City Limited or Abu Dhabi United Group for Development and have have broken any laws. This is simply the financial environment which they operate in.

The combination of the high secrecy score from the UAE and the relatively high amount of finance coming from offshore means that Manchester City comes top of this year’s Offshore League.

Compare the City write up to the United write up. There's only one owner and club that stands out head and shoulders when it come to tax avoidance. Allegedly.
 
Morning and nope I'm not going to let this lye .
What is happening to the Rags regards the Riot ,assaults ,game cancellation and general bringing the game into distribute after the Dippers game......surly this cannot go unpunished.
The spitter at Clanfield will never be found gave up on that already but this needs to be brought up
Anyone any news on what the police are doing and what are the PL doing?
 
A590 blues said:
Morning and nope I'm not going to let this lye .
What is happening to the Rags regards the Riot ,assaults ,game cancellation and general bringing the game into distribute after the Dippers game......surly this cannot go unpunished.
The spitter at Clanfield will never be found gave up on that already but this needs to be brought up
Anyone any news on what the police are doing and what are the PL doing?
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To be fair, it was worth it just for that pic of pisscan in zebra pants.
 
A590 blues said:
Morning and nope I'm not going to let this lye .
What is happening to the Rags regards the Riot ,assaults ,game cancellation and general bringing the game into distribute after the Dippers game......surly this cannot go unpunished.
The spitter at Clanfield will never be found gave up on that already but this needs to be brought up
Anyone any news on what the police are doing and what are the PL doing?
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Anyone any news on what the police are doing and what are the PL doing? - Yes fuck all as always when it concerns the feral murdering twats and the rags.
 
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