Why would I visit blue moon?
FFP City...
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It’s like they’ve hacked champ manager and whacked up all the financial data.
I’d also be surprised if HMRC hasn’t got every player under investigation.
I’d also be surprised if HMRC hasn’t got every player under investigation.
I’m aware that some players have had their image rights sold to an offshore company (eg Tom Smith ltd) which is paid by an offshore club subsidiary company.
When investigating it transpires these rights far exceeds any reasonable amount the club would gain on those image rights. It’s just a way to reduce the players income in terms of PAYE/self assessment. It’s all dodgy as fuck.
When investigating it transpires these rights far exceeds any reasonable amount the club would gain on those image rights. It’s just a way to reduce the players income in terms of PAYE/self assessment. It’s all dodgy as fuck.
It was Portsmouth and Sol Campbell.
https://www.theguardian.com/football/2010/feb/23/portsmouth-sol-campbell-image-rights
[article]
Sol Campbell issued a high court writ against the club last month demanding payment of £1.67m allegedly owed in unpaid earnings, and the breakdown he provided has alarmed the taxman. In 2008, the year Pompey won the FA Cup, Campbell was picking up £30,000 a week. But Campbell claims he was also contracted to earn an equivalent sum through an offshore trust in return for the use of his image in commercial, sponsorship and endorsement deals.
Portsmouth's accounts break down how the club's £70.5m 2008 turnover was achieved. There was £49.2m from being in the Premier League. A further £12m from match-day revenues, £2m from winning the FA Cup and about £7.2m from retail and sponsorship. So to recap: only 10% of Portsmouth's income in 2008 was from commercial and sponsorship streams. Meanwhile Campbell was due to earn 50% or £1.5m of his income for image rights, meaning a fifth of all monies (not profits, mind) Pompey generated from these areas was allegedly contracted to go straight into his offshore account.
There is nothing wrong in this, so long as Campbell paid the tax, and since he allegedly did not receive it there was presumably nothing to pay tax on. But it shows why HMRC is on the case.
[/article]
https://www.theguardian.com/football/2010/feb/23/portsmouth-sol-campbell-image-rights
[article]
Sol Campbell issued a high court writ against the club last month demanding payment of £1.67m allegedly owed in unpaid earnings, and the breakdown he provided has alarmed the taxman. In 2008, the year Pompey won the FA Cup, Campbell was picking up £30,000 a week. But Campbell claims he was also contracted to earn an equivalent sum through an offshore trust in return for the use of his image in commercial, sponsorship and endorsement deals.
Portsmouth's accounts break down how the club's £70.5m 2008 turnover was achieved. There was £49.2m from being in the Premier League. A further £12m from match-day revenues, £2m from winning the FA Cup and about £7.2m from retail and sponsorship. So to recap: only 10% of Portsmouth's income in 2008 was from commercial and sponsorship streams. Meanwhile Campbell was due to earn 50% or £1.5m of his income for image rights, meaning a fifth of all monies (not profits, mind) Pompey generated from these areas was allegedly contracted to go straight into his offshore account.
There is nothing wrong in this, so long as Campbell paid the tax, and since he allegedly did not receive it there was presumably nothing to pay tax on. But it shows why HMRC is on the case.
[/article]
That was Mancini but I wouldn’t be surprised if all their staff are paid like that.
According to Italian journalist Luigi Guelpa, Guardiola is so keen on a move to Turin that he has given the club his word and agreed in principal to sign a four-year deal.
Guelpa claims his information has come from the same source who last summer broke the news that Cristiano Ronaldo was leaving Real Madrid for Juve.
'I've learned that Pep Guardiola already has reached a verbal agreement with Juventus for the next four years,' Guelpa told Radio CRC.
'It's the same person who told me that Ronaldo was going to Juventus.'
Guardiola, who is under contract at City until the end of the 2020-21 season, has won league titles in Spain, Germany and England.
Juve are on course to win Serie A for an eighth consecutive season.
P
Guelpa claims his information has come from the same source who last summer broke the news that Cristiano Ronaldo was leaving Real Madrid for Juve.
'I've learned that Pep Guardiola already has reached a verbal agreement with Juventus for the next four years,' Guelpa told Radio CRC.
'It's the same person who told me that Ronaldo was going to Juventus.'
Guardiola, who is under contract at City until the end of the 2020-21 season, has won league titles in Spain, Germany and England.
Juve are on course to win Serie A for an eighth consecutive season.
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Seems very odd, could be good news for us if true though.
Rats and a sinking ship? If they’re going to be sanctioned he may not get to spend £250 million this summer
Frightening that a club use its financial muscle to bully the regulatory body.
I still won't hold my breath waiting for anything to come from these FFP allegations.
Away from FFP allegations a Transfer ban incoming for 2 transfer Windows from FIFA for illegal transfer activity of minors
So that will be Chelsea and City banned for two transfer Windows...
I said that the other day. He knew this was incoming so wanted to go elsewhere to “challenge himself” by spunking £200 million.
inshallah.
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