PL charge City for alleged breaches of financial rules

[Braggster]

Mancini wouldn’t save a penny on foreign income whilst a UK tax resident so there’s no benefit for him on that.

He will have had to declare the AJ income and pay tax on it within the UK anyway whilst living there.

Highly unlikely, as he will have been non-domiciled and thus eligible to claim the remittance basis of taxation.

So actually a fairly substantial UK tax benefit.

 

[Family Man Ashton]

I don't think so. It was amended after a year or two to include any taxes due by him, so we paid it him grossed up (i.e. including the applicable tax). Might have saved him some tax but it wasn't a tax evasion arrangement.

I can’t remember who, but someone who worked with these kinds of things said at the time of the DS article that these kinds of arrangements were common for Italian footballers working abroad.

 

[Bluewonder]

Thanks for clarifying Sam. That's my theory gone up in smoke then!

Not really, because his reply was wrong. Mancini would be non-dom, so wouldn't pay tax on worldwide income.

 

[Maly]

Mancini wouldn’t save a penny on foreign income whilst a UK tax resident so there’s no benefit for him on that.

He will have had to declare the AJ income and pay tax on it within the UK anyway whilst living there.

It was a contract with his business, so I don’t think what you’re saying isn’t necessarily true

Eg if his business was UK based, if he paid himself in dividends vs salary, he’d have been saving around 20% ish on corporation tax vs income tax

I stand to be corrected tho :)

 

[Family Man Ashton]

No I don't. But he isn't putting it on hold. Not sure what that means?

it was business as usual in 2020, and we were innocent.

And we will prove that we are innocent now as well, but I don't think our owner would stop investing in infrastructure even if the Premier League were to win.

 

[bobbyowenquiff]

Does anyone seriously believe that Simon Jordan has more of an inside track on how confident or not City are feeling than every City fan, especially those ITKs? Come on ffs! If there was any semblance of truth in what he said then it would've leaked out through other channels long before Jordan got hold of it and he'd be pretty much the last person to hear about it, not the first.

Jordan talks to people who despise our club and have been spreading poison about us for years. The same people who leaked that we would lose CAS. The same people who are competing with us commercially during the transfer window. The same people who want to undermine confidence in our club. Two of his best contacts are our worst enemies.

 

[Damocles]

I know he knew Khaldoon prior to joining City so it's quite possible, although I've never seen evidence of one. .

The contract documents published by Der Spiegel date from him joining us, but a pre-existing contract with AJ would presumably be a significant mitigating factor.

It's impossible to Google now as it's an obscure story and all the keywords are taken by the 115 case.
Khaldoon and the Inter owner were very close due to business connections and the huge investment Abu Dhabi made in Italy. Khaldoon even has an OBE type award from Italy.
When the UAE started diversifying with sports investment, they did a joint thing with Inter during Mancinis time there. Inter Co branded an Academy, sent coaches to the UAE FA and Mancini was given a consultancy role with Al Jazira. This must have been around 2006 or 2007.

 

[KS55]

I’ve already had two Pooh’s this morning. Can you please speculate about what I’ve been eating and give Simon fucking Jordan a rest. Please!

Got to be those Chorley cakes.

 

[dario2739]

We could be in trouble! Sheik Mansour has bought a French Horse breeding company. Is he losing interest in us?

Nah, he's gonna turn Phillips Park into the Ethihad Race Course

 

[Wayneclarkemunchescarrots]

Talk sport is the equivalent of the long deceased Daily and Sunday sport . Hopefully soon it will also be extinct .

The tits we’re a lot nicer in the sport

 

[bitterblue78]

Simon jordan even said he was told the CAS appeal was going to fail

 

[Citi-leaks]

I can’t remember who, but someone who worked with these kinds of things said at the time of the DS article that these kinds of arrangements were common for Italian footballers working abroad.

Other than the reported 3.5 million to Yaya Toure's agent. Who else was included in the DS articles?

 

[Prestwich_Blue]

Simon jordan even said he was told the CAS appeal was going to fail

He wasn't wrong if he was talking about UEFA.

 

[spider blue]

Nah, he's gonna turn Phillips Park into the Ethihad Race Course

Hey you’ve hit on a great idea, Manchester definitely needs a racecourse

 

[johnevans]

Hey you’ve hit on a great idea, Manchester definitely needs a racecourse

Everybody laughed years ago when Alan Partridge said in his Sports report '..and later, we'll have racing from Marple'.. make it happen, Sheikh M!!

 

[abu13]

one thought that popped into my mind was why spunk all this money in Jan rather than in the last window?

Well in the last window we didnt know how the hearing had gone, we do now.

Seems we know something positive.

 

[Fiftyyearsandcounting]

Hey you’ve hit on a great idea, Manchester definitely needs a racecourse

I can remember my dad taking me to Castle Irwell race course back in the late 50's-early 60's.
There was a guy calling himself "Prince" Monolulu, used to go around the ground, trying con you into buying tips for the winner of the next race.

 

[JewelZee]

I agree with you but for one thing - I never ever use profanities.

I respect that...

 

[blue ranger]

one thought that popped into my mind was why spunk all this money in Jan rather than in the last window?

Well in the last window we didnt know how the hearing had gone, we do now.

Seems we know something positive.

Think they were probably hoping Pep could get one more go out of the old gang before a new manager coming in the summer (and Viana). Pep staying changed things, and our wretched form.

 

[citizen_maine]

one thought that popped into my mind was why spunk all this money in Jan rather than in the last window?

Well in the last window we didnt know how the hearing had gone, we do now.

Seems we know something positive.

Do we? How did it go?