It's Quiet thread 14 - 'do one' edition

[Dr Jacoby]

I missed it. Which 6 players did we sign on Friday?

 

[SebastianBlue]

I missed it. Which 6 players did we sign on Friday?

All six members of the legal team Bartomeu sacked.

 

[WickyWain]

I missed it. Which 6 players did we sign on Friday?

Dick and Dom
The Chuckle brothers
Jedward

 

[slbsn]

Good to see you’re aboard this thread as your name has been summoned a few times :-)

Issuing share options this year during a pandemic with a relatively low share value maybe beneficial in a few years time when hopefully the global crisis is under control & the exercise price a fair deal higher.

So I wouldn’t call them worthless but I agree it’s a gamble to rely on an increase in value whenever that exercise year occurs & probably not a huge incentive for Messi.

Mind you if he performs well & helps City win then it almost turns into a performance incentive with the share value potentially increasing too.

Regardless of Covid, I doubt City could easily argue a market value much below the Silver Lake investment in November. Not impossible but I doubt they are intending to impair the assets in the 30 June 2020 accounts which they would need to do to justify a reduction in value. It may well appeal to Messi but I can't see it making a material difference.

 

[waspish]

There aren't ways around it legally. But yes they could do that.

So when someone has fully retired from football you cant pay them an enticement plus a large wage to be a very important part of 5 billion organisation legally?

 

[blueparrot]

May have missed something , but I thought the talk of CFG shares were to avoid paying wages from City so making it affordable avoiding FFP violations and that they wouldn’t be cashed until after he left again to avoid it coming from the club. Didn’t think avoiding tax was a driving consideration behind it.

 

[SilvaisSkyBlue]

Dick and Dom
The Chuckle brothers
Jedward

Pretty sure one of the chuckle brothers won’t be turning up for training.

 

[slbsn]

So when someone has fully retired from football you cant pay them an enticement plus a large wage to be a very important part of 5 billion organisation legally?

You can but it will be taxed heavily then or now. It is a payment related to his employment so taxed to income tax at the higher rate plus very high national insurance. So if City are paying the tax on his behalf it is expensive.

 

[slbsn]

May have missed something , but I thought the talk of CFG shares were to avoid paying wages from City so making it affordable avoiding FFP violations and that they wouldn’t be cashed until after he left again to avoid it coming from the club. Didn’t think avoiding tax was a driving consideration behind it.

I thought it might be about reducing the overall cost of the transaction. If actually its just a scam to dodge FFP, have we not learnt anything?

 

[waspish]

You can but it will be taxed heavily then or now. It is a payment related to his employment so taxed to income tax at the higher rate plus very high national insurance. So if City are paying the tax on his behalf it is expensive.

So whose saying Messi isn’t happy paying those taxes?

 

[WickyWain]

Pretty sure one of the chuckle brothers won’t be turning up for training.

Yeah I forgot one of them had died...


FFS Barry

 

[blue oli]

You can but it will be taxed heavily then or now. It is a payment related to his employment so taxed to income tax at the higher rate plus very high national insurance. So if City are paying the tax on his behalf it is expensive.

Depends where he is employed geographically though right ? Or where the contract is signed ?

 

[cjn]

So whose saying Messi isn’t happy paying those taxes?

Historically speaking the Messi's haven't been super into the idea of paying any taxes.

 

[slbsn]

Depends where he is employed geographically though right ? Or where the contract is signed ?

He will be employed in England. The tax man will look right through any attempts to play games. Otherwise why isn't every player employed in Monaco? There are even limits on the amounts that can be put through as image rights. https://www.taxjournal.com/articles/taxation-image-rights-21032018

 

[blueparrot]

I thought it might be about reducing the overall cost of the transaction. If actually its just a scam to dodge FFP, have we not learnt anything?

Don’t know is it a scam or is it a legitimate way around it. Just know I hadnt seen anyone mention tax until few pages ago. If, as you say it isnt a good way to avoid tax it probably isn’t about tax.

 

[i8rags]

Lots of well known posters chatting shit on here, the silence out of city is deafening and forcing a few know it alls to gamble on info, he’s going to come but all the bollocks in between must be judged as such, Tolmie aside no one has even got close to any genuine info

 

[domalino]

I thought it might be about reducing the overall cost of the transaction. If actually its just a scam to dodge FFP, have we not learnt anything?

I would imagine engineering a way to pay Messi his usual €100m a year without it appearing on the books and being 100% within the legal boundaries of FFP would be the final nail in the legislations coffin.

 

[slbsn]

Don’t know is it a scam or is it a legitimate way around it. Just know I hadnt seen anyone mention tax until few pages ago. If, as you say it isnt a good way to avoid tax it probably isn’t about tax.

You are suggesting we pay him in kind to get round FFP. That is a "scam" "dodge" or whatever you want to call it and an invitation to get into another battle. If these dodges got round FFP legitimately everyone would do them.

 

[blue oli]

He will be employed in England. The tax man will look right through any attempts to play games. Otherwise why isn't every player employed in Monaco? There are even limits on the amounts that can be put through as image rights. https://www.taxjournal.com/articles/taxation-image-rights-21032018

I mean after playing for city and employed by CFG sorry

 

[cjn]

I'd find it extremely hard to believe that we'd be looking for an FFP dodge after what we just went through. Despite the narrative the club seems to have been pretty conservatively managed from a financial standpoint post settlement.