PL charge City for alleged breaches of financial rules

[TinFoilHat]

Must be due a "leak" to cover the dippers loss.

 

[Ballymagash Blue]

1 is sponsorship, so presumably Etihad & Etisalat
2 is Mancini & Fordham
3 & 4 aren't about failing FFP necessarily but not submitting accurate accounts for both the PL & UEFA. Those obviously depend on 1 & 2 but the latter is unlikely to involve material amounts.

Isn't there a good chance PB that the Mancini & Fordham stuff will be time-barred?

 

[The Future’s Blue!]

Fuck off!

 

[Zubrman]

Fuck off!

Hey! I only came on to see if there's been any news. And that's how I get treated?

 

[WRicko]

It would be a complete laugh if we were found guilty of this - SIX clubs were fined by HMRC for incorrect tax payments (tax avoidance that were deemed near tax evasion by HMRC) as a result of their image rights deals. This includes Utd, Newcastle another Red Top and Southampton.
We weren't fined as we had continual discussions with HMRC - we closed the Fordam thing down and paid back tax without a fine - ie we came clean without an investigation.
It would be interesting to see how tax evasion by attempted legal means is less of a 'crime' with the PL than than near tax avoidance...

Man Utd and Newcastle amongst football clubs tackling HMRC tax investigations | HMRC Tax Disputes Solicitors & Barristers

After a six-year investigation into the sport, HMRC has recovered about £464 million from football players, clubs, and agents. In the last year alone, the revenue has recovered £55.6…

taxdisputes.co.uk

The allegations from the premier league are not about tax so I don’t see how your post makes sense

 

[JGL07]

The allegations from the premier league are not about tax so I don’t see how your post makes sense

If it is about tax, it must be a first. Do you get done for overstating profits and paying too much tax?

 

[BlueAnorak]

The allegations from the premier league are not about tax so I don’t see how your post makes sense

The whole point of the various club "Image Rights" schemes was to pay less money in tax to HMRC as a company and for the footballers as individuals and the clubs to keep more revenue.
This applies to the Fordam Scheme as well as the 6 schemes I mentioned
The point is lots of clubs were trying it on.
Our scheme was tax avoidance. 6 other clubs got fined for tax avoidance deenmed tantamount to tax evasion.
We closed down our scheme when our accountancy advisors realised HMRC would also come after us. We did the proper business thing and closed the scheme down and paid extra tax without investigation when we realised the scheme was untenable.
If we get done by the PL for our scheme then other clubs should get done by the PL for theirs.
I don't understand what you don't get.

 

[JGL07]

The whole point of the various club "Image Rights" schemes was to pay less money in tax to HMRC as a company and for the footballers as individuals and the clubs to keep more revenue.
This applies to the Fordam Scheme as well as the 6 schemes I mentioned
The point is lots of clubs were trying it on.
Our scheme was tax avoidance. 6 other clubs got fined for tax avoidance deenmed tantamount to tax evasion.
We closed down our scheme when our accountancy advisors realised HMRC would also come after us. We did the proper business thing and closed the scheme down and paid extra tax without investigation when we realised the scheme was untenable.
If we get done by the PL for our scheme then other clubs should get done by the PL for theirs.
I don't understand what you don't get.

But the PL are not trying to do City for tax dodging. They are suggesting the reverse, that City are overstating income to disguise owner subsidies, and hence busting sustainability rules.

The desparate nature of the PL claims is shown by the fact that they have to go back to the Mancini era which ended over ten years ago. Was FFP fully in operation 11-12 years ago?

It is laughable that a team that has been highly profitable for nine out of the last ten years. The exception is the lock-down year of 2019-20.

Currently three PL teams are profitable (three have not submitted reports): Brighton, City, and Bournemouth. Most of the others are losing money, especially United, Villa, and Spurs.

 

[halfcenturyup]

Isn't there a good chance PB that the Mancini & Fordham stuff will be time-barred?

Yes, imho. A very good chance.

 

[abu13]

Slightly off topic remember the rumours the GPC used to swap out thise Brazilian twins rather than using subs, also Gazza admitting the reason he signed for Spurs was a £120k backhander to his Dad. Everyone seems to think that football was whiter than white back in the day.