Wenger Hits Out At Tax Changes
Arsenal manager Arsene Wenger has said that the era of foreign domination in the Premiership will 'soon be over' due to the declining value of the pound, which makes transfer fees more expensive, and...
View ArticleFootballers To Strike Back Against 50p Tax Rate
Premiership clubs are braced for a wave of pay demands from star players in anticipation of the new 50p tax rate on higher earners. Figures from HSBC Private Bank and tax experts Saffery Champness...
View ArticleHyde United On Edge of Abyss
Blue Square North outfit Hyde United face liquidation tomorrow. On Wednesday Hyde were wound up by the High Court with debts of £123,000. The gates of their Ewen Fields ground have been padlocked shut...
View ArticleTax Crackdown on Football Clubs
We have been talking for a few weeks on this page about a tougher stance by Revenue and Customs towards football clubs who do not pay their tax debts (which is at the expense of taxpayers in general)....
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Taxman loses patience with football
As has been evident for some time, the taxman has been losing patience with football and has not been allowing clubs to run up big PAYE bills but is asking them to pay promptly like other taxpayers....
View ArticleCardiff given final tax bill deadline
Cardiff City have been given a final deadline of 5 May, three days after the end of the season, to settle their debts to the taxman, The club faced their third winding-up order yesterday over a £1.9m...
View ArticleFormer Arsenal director's big tax saving
In 2011 Lady Nina Bracewell-Smith sold her 15.9 per cent stake in Arsenal to Stan Kroenke for £116m. She had been the third biggest shareholder in the club.Her husband is the son of the former Arsenal...
View ArticleBulls on the Brink
Hereford United, expelled from the Conference and playing in the Southern Premier League, are once again on the verge of going out of business.The Bulls tried to agree a Company Voluntary Arrangement...
View ArticleBulls get another reprieve
The long drawn out saga of Hereford United has seen the club given another seven days by the High Court to sort out its financial affairs and pay its debts. The club says that new investment is...
View ArticleFunding problems for Spanish clubs
Almeria are having difficulty in funding a new training complex as Spanish banks are reluctant to lend money to clubs because of their high level of debt.Almeria president Alfonso Garcia also complains...
View ArticlePlayers face big tax demands
More than 100 football players are facing big tax demands from HM Revenue and Customs to pay back tax reliefs which the tax authorities claim constituted a form of tax avoidance. Not all the players...
View ArticleForeign ownership creates opportunities for tax avoidance
Almost one in three Premier and Football League clubs are now owned overseas and this detailed report argues that it creates potential opportunities for tax avoidance, particularly when clubs are sold....
View ArticlePremier League boosts economy
There's a certain amount of boosterism going on in this report from Ernst & Young on the economic contribution of the Premier League and it would be interesting to check some of the methodology....
View ArticleWe Want Answers Say Cobblers Fans
There is still no clarity about the projected takeover of Northampton Town. A trilateral meeting yesterday between the current owners, the London-based Indian consortium interested in buying the...
View ArticleMessi to face tax charges
Lionel Messi and his father, who is his manager, are to face tax fraud charges and Spanish prosecutors are calling for a 22-month jail term. They deny any wrongdoing and blame a former agent of the...
View ArticleWinding up order served on Northampton Town
As football clubs start to get their finances in order, winding up orders served by Her Majesty's Revenue & Customs (HMRC)have become rarer. However, one has now been served on Northampton...
View ArticleCobblers staff turn on chairman
Northampton Town staff have taken the highly unusual step of using the club's website to criticise chairman David Cardoza. He still owns the club and they demanded that he sell it 'within hours'.The...
View ArticleTaxman hits testimonials
The devil is always in the detail in George Osborne's budgets and he is a past master at inventing stealth taxes that initially attract little attention, although he got it badly wrong with the pasty...
View ArticleWinding up order expected at Bolton
Bolton Wanderers expect to receive a winding up order from Her Majesty's Revenue and Customs in the next few days. The club owes £600k in unpaid taxes. They are thought to need £15m to get to the...
View ArticleBolton face administration
Bolton Wanderers face the threat of administration despite a fire sale that has included putting their entire playing staff on the market and raising £4m by selling the offices at the Macron stadium....
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