PL charge City for alleged breaches of financial rules

KS55 said:
My view is that all PL clubs should be companies, partnerships, charities, or trusts registered in the UK. Domiciling in a tax haven is just an attempt to gain financial advantage.
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What tax advantage do you think it gets them?

This is a serious question. I am a tax professional, and I don't think there is one for the clubs who have done this. It's a popular misconception.
 
slbsn said:
Because they haven't
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Why? Do you think the PL have a strong case to support Etihad being any or all of:
  • a related party,
  • not FMV,
  • disguised equity investment?
I'm pretty certain you've discounted all these possibilities in your previous posts and have said that the PL are unlikely to be able to prove these particular charges.

You've made the point that, via disclosure, the PL will have access to far more documents than CAS were presented with. But that doesn't necessarily mean their evidence is any stronger than UEFA's. There's just more of it and it's virtually inconceivable that everyone lied through their teeth at CAS when presenting evidence on our behalf about the Etihad sponsorship. It could be that the PL are simply going to go down the same route as UEFA over Etihad, hopefully with the same outcome.

Of course we are assuming Etihad is at the core of the first group of charges but we may be wrong, and they may be going after Etisalat or other AD-based sponsorships, which weren't tested at CAS.

The fundamental difference we have over this whole case is the PL's motivation. I'm a cynic about that, along with others, believing that this is part of a coordinated attack on us by other clubs, and that proving the charges isn't necessarily the overall objective. You believe the PL is acting independently of some of its members and has brought this case purely on the strength of the evidence they have. I don't think our chairman shares your view, and club officials I've spoken to certainly don't.

We'll hopefully know one way or the other in the next 2-3 months.
 
KS55 said:
No corporation or capital gains taxes.?
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It would take a long time to explain, but basically no:

- any profits from the trade of running a football club will unavoidably be taxed in the UK (largely a moot question, as the clubs rarely turn a profit for corporation tax purposes). Even if the trading club is registered in a tax haven these profits will still be taxable in the UK.

- A capital gain would be taxable depending on who made the sale, but if a UK company were to sell a football club it would probably not be subject to corporation tax on capital gains. A UK individual would, but that would still be true if the company being sold were registered in a tax haven.

It is also now very hard to extract cash tax free via a shareholder loan from a tax haven. So there are very few meaningful tax benefits IMO.

There can be marginal savings on things like stamp duty (very very marginal), and the use of a company in a tax haven may have some benefits for the non-UK tax position of individual shareholders, but this is very case by case. You certainly can't avoid tax in football (or any industry really) just by sticking a tax haven company at the top of the group. That may have worked in the 80s, but not now.

PSR is a much bigger concern for PL clubs now than tax ever was, to be honest.
 
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Prestwich_Blue said:
Why? Do you think the PL have a strong case to support Etihad being any or all of:
  • a related party,
  • not FMV,
  • disguised equity investment?
I'm pretty certain you've discounted all these possibilities in your previous posts and have said that the PL are unlikely to be able to prove these particular charges.

You've made the point that, via disclosure, the PL will have access to far more documents than CAS were presented with. But that doesn't necessarily mean their evidence is any stronger than UEFA's. There's just more of it and it's virtually inconceivable that everyone lied through their teeth at CAS when presenting evidence on our behalf about the Etihad sponsorship. It could be that the PL are simply going to go down the same route as UEFA over Etihad, hopefully with the same outcome.

Of course we are assuming Etihad is at the core of the first group of charges but we may be wrong, and they may be going after Etisalat or other AD-based sponsorships, which weren't tested at CAS.

The fundamental difference we have over this whole case is the PL's motivation. I'm a cynic about that, along with others, believing that this is part of a coordinated attack on us by other clubs, and that proving the charges isn't necessarily the overall objective. You believe the PL is acting independently of some of its members and has brought this case purely on the strength of the evidence they have. I don't think our chairman shares your view, and club officials I've spoken to certainly don't.

We'll hopefully know one way or the other in the next 2-3 months.
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They definately don't have any more shite than what UEFA spat out. Just a downright rehash.
 
Stadium expansion and surrounding areas at a vast cost ( nothing halted)
Pep extension
A lot of talk of re building the squad over next couple of windows ( which will cost a lot)
Silver lake taking a bigger percentage in the CFG.
All says to me there is not 1 bit of worry around about this hearing from the owners/investors in our club. This is why I'm ultra confident we will be cleared on all charges maybe barring non cooperation.
 
Prestwich_Blue said:
Why? Do you think the PL have a strong case to support Etihad being any or all of:
  • a related party,
  • not FMV,
  • disguised equity investment?
I'm pretty certain you've discounted all these possibilities in your previous posts and have said that the PL are unlikely to be able to prove these particular charges.

You've made the point that, via disclosure, the PL will have access to far more documents than CAS were presented with. But that doesn't necessarily mean their evidence is any stronger than UEFA's. There's just more of it and it's virtually inconceivable that everyone lied through their teeth at CAS when presenting evidence on our behalf about the Etihad sponsorship. It could be that the PL are simply going to go down the same route as UEFA over Etihad, hopefully with the same outcome.

Of course we are assuming Etihad is at the core of the first group of charges but we may be wrong, and they may be going after Etisalat or other AD-based sponsorships, which weren't tested at CAS.

The fundamental difference we have over this whole case is the PL's motivation. I'm a cynic about that, along with others, believing that this is part of a coordinated attack on us by other clubs, and that proving the charges isn't necessarily the overall objective. You believe the PL is acting independently of some of its members and has brought this case purely on the strength of the evidence they have. I don't think our chairman shares your view, and club officials I've spoken to certainly don't.

We'll hopefully know one way or the other in the next 2-3 months.
Click to expand...
It's the culmination of the joint project started without doubt by David Gill, that's why he moved into UEFA to ensure the implementation, what we'll never know is why Pinto targeted us, ie was he paid directly or motivated indirectly by the UEFA charges. This was backed up by PL pressure applied by the cartel and is as clear as day when you read the letter from 2012...
1000009452.jpg1000012729.jpg
 
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LeonardoDaVnci said:
It's the culmination of the joint project started without doubt by David Gill, that's why he moved into UEFA to ensure the implementation, what we'll never know is why Pinto targeted us, ie was he paid directly or motivated indirectly by the UEFA charges. This was backed up by PL pressure applied by the cartel and is as clear as day when you read the letter from 2012...
View attachment 141856
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Wankers!
 
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