SuperiorXI
Full Member
It's like that scene in The Big Short where they're explaining how the stock market went to shitYou wonder how on earth it's legal for a fee to go to 3 different parties like that.
It's like that scene in The Big Short where they're explaining how the stock market went to shitYou wonder how on earth it's legal for a fee to go to 3 different parties like that.
The Haaland deal cost at least £260 million in total.
£51 million fee.
£40 million to his agent.
£30 million to his dad.
£140 million over five years of his contract.
That's just what we know of. Some reports have his contract closer to £230 million over five years!
I would rather the titles to be stripped and leave a void there with an asterisk saying title holder stripped due to serious fraudulent & violation of rules. This will be a reminder to all future generation of their dirty past.
If it is given to the 2nd place team, it won't have the impact and doesn't really benefit the other teams at all.
But this isn’t exclusive to City. Element of throwing stones from glasshouses here. Most of football, particularly at the top is full or corruption and unethical practice, and has been for years.
Does this mean that they won't be on the books of the club?The legal fees are will be borne by the owners.
The result of the court case will be fun.
Does this mean that they won't be on the books of the club?
Thanks very much. Feels like something that should have to be accounted for in the accounting for the club, but I can't say I am surprised.Yes.
Of course it should, the fact that it’s their owners paying and not the club is literally the entire point of the first lawsuit! It’s basically rubbing salt in the woundThanks very much. Feels like something that should have to be accounted for in the accounting for the club, but I can't say I am surprised.
Yeah, that's what I was referring to. I'm surprised that for the first three years Non-Dom is granted as standard even with a longer contract but I guess the argument is you could be sold at any time.@antohan @Woziak
Not sure if this explains what either of you are discussing. There does appear to be language that keeps some income off UK tax rules. Also, the article mentions Haaland earned £865k per week salary this past season.
https://www.withersworldwide.com/en-gb/insight/read/blowing-the-whistle-on-the-‘non-dom’-regime-a-case-study
No, if you are domiciled in the UK and go for 10 days to the UAE to do work in the UAE and get paid in the UAE you still have to declare that income and pay tax on it. If the UAE doesn't tax you that makes it even easier and far less protracted.
Of course, you can skip it and consider it untraceable, but if it gets traced or there is sufficient proof from all the 115 charges investigations you have a bigger problem than the tax due. You've lied to HMRC.
Mancini isn't the best example as he may well have made the case for non-dom successfully. There's no way they non-dom someone like Agüero applying for a work permit with a 5 year contract in hand.
Most people do see it as fraudulent though. It's only really city fans who see it as genuine.It’s just so fecking depressing that they achieved 4 in a row and matched our greatest achievement. It gives their deluded fans more ammunition. It doesn’t count but unfortunately many people will never see that
Just like the Scottish top league, which is just a slog to watch.If they are allowed to continue in this manner they will inevitably be joined at the top of the league by newcastle. Then it will be a fight for the other two spots. Maybe now and again someone will grab 2nd and even first if a miracle happens.
There will be no consequences if they fail in the transfer market or pick the wrong manager. They will just buy a whole new back line like Pep did when their signings all failed.
Yeah, those people were City fans and thankfully it does seem that people are waking up to how corrupt they are.Most people do see it as fraudulent though. It's only really city fans who see it as genuine.
Yeah!Just like the Scottish top league, which is just a slog to watch.
Oooh, who will win this year?! Absolutely hollow if I'm honest.
Are the international sales of Premier league TV rights sold annually or over a multi-year deal?.
I would have thought that heads of La Liga, Serie A and MLS (now Messi is there and they’re looking to expand ) would have latched onto this to try a usurp their contracts.
I'm aware they are likely doing shady stuff to circunvent FFP and getting away with it.And you genuinely believe that any Middle East club wants their players to declare these additional wages which would then have them bang to rights with undeclaring costs of running their club towards PSR and FFP as well as committing tax fraud, of course they are not declared what should be done and what is being done are two different entities, your confusing non domicile with actually turning a complete blind eye and not giving a S…?
I'm aware they are likely doing shady stuff to circunvent FFP and getting away with it.
I'm just establishing how it should be done legally and that doing otherwise isn't just the club/owners cheating but that those playing along are also in trouble.
You can't submit a tax return to HMRC that does not disclose what you are paid in the UAE for work done in the UAE, not without breaking the law in the process.
Nah it’s actually helpful - the entire argument they have looks utterly ridiculous, that the ‘red cartel’ has stopped and hindered them at every turn, exactly because of that. They would have a lot more sympathy if they weren’t dominant.It’s just so fecking depressing that they achieved 4 in a row and matched our greatest achievement. It gives their deluded fans more ammunition. It doesn’t count but unfortunately many people will never see that
It doesn't matter what Arabs think about taxes or contributing to HM Government, if Mancini's tax return underreported global income he is at fault. It's his reported income, thus his ass that can be prosecuted for it.Ok I understand what you mean but I’ve worked in the Middle East and let me tell you they have very little regard for doing anything they would benefit the UK HMRC unless they absolute have too or it’s a benefit to them.
Islamic culture and business prides itself on not paying tax and not paying interest on loans.
Don’t get me wrong Arab banks still make money by charging management fees but they are very strict on shari’a Law especially SA and UAE.
If Mancini was paid ambassador fees in UAE while he was paid in the UK, I’m assuming everything at that time was under European Law not UK law, now he would need working visa to work in the UK? At the time he did not and I doubt very much that Manchini or City declared any income that he earned in the Middle East to UK HMRC because this would be proof that he was paid more as an amalgamated. Salary to be man city Coach and this full salary was not disclosed in the City financial accounts handed to the PL as they are obliged to do so.
This is listed as one of the 115 breaches so there must a case to be proven or not proven when the trial starts in November 24.
Ok I understand what you mean but I’ve worked in the Middle East and let me tell you they have very little regard for doing anything they would benefit the UK HMRC unless they absolute have too or it’s a benefit to them.
Islamic culture and business prides itself on not paying tax and not paying interest on loans.
Don’t get me wrong Arab banks still make money by charging management fees but they are very strict on shari’a Law especially SA and UAE.
If Mancini was paid ambassador fees in UAE while he was paid in the UK, I’m assuming everything at that time was under European Law not UK law, now he would need working visa to work in the UK? At the time he did not and I doubt very much that Manchini or City declared any income that he earned in the Middle East to UK HMRC because this would be proof that he was paid more as an amalgamated. Salary to be man city Coach and this full salary was not disclosed in the City financial accounts handed to the PL as they are obliged to do so.
This is listed as one of the 115 breaches so there must a case to be proven or not proven when the trial starts in November 24.
There isn’t a precedent .In total five panels have shown little consistency ( Everton charge1+appeal) Everton Charge 2 and Forest 1 charge + appealIf the PL were not confident of convicting City, I don't think they would have set the precedent they did with Forest and Everton this season. And given that precedent for just one breach, what punishment does 115 breaches of the rules get? Nobody knows but it has to be proportional to the punishments they have already given out.
If the PL were not confident of convicting City, I don't think they would have set the precedent they did with Forest and Everton this season. And given that precedent for just one breach, what punishment does 115 breaches of the rules get? Nobody knows but it has to be proportional to the punishments they have already given out.
The oil states are a cancer on the English game.
They need to be eradicated.
Might wanna reword that buddy... Removed from/kicked out of football.
Cause what you posted there reads like you wanna you know...
Re: bolded - fully agree with that. The minute they were over the deadline for providing documents, just suspend them until they provide them.Surely the biggest issue with these charges are a large amount of them specifically relate to a refusal to submit the requested documents for investigation. Like a missed drugs test these charges should be immediately considered as a failure and punished accordingly. That then leads us into the subsequent period of time where city have continued to refuse to comply with any investigations/submit any documents.
If this case ends with city being forced to submit all records the PL request I don't see how they possibly escape another huge round of charges for the period up to present day. It's no surprise City are fighting with everything they have - this could very well be a genuine house of cards situation
Someone said earlier that they'll inevitably bounce back anyway but I'm not so sure, if they get a full force punishment what's to stop Abu Dabhi throwing a strop, pulling the plug and going off to buy another French/Spanish/Italian club. The idea that these people have any affection for Manchester feckin City is laughable - they're a conduit nothing else and if they don't enable the sportswashing due to pesky 'rules' they'll be dropped in an instant
City will then fully realise the danger of unchecked investment into their club when they're unable to maintain their costs and they're sent out of business entirely.
So apparently Villa now want to sue the PL. Which means they want to sue the other clubs. Do these idiot owners even understand the competition they are involved in?
Time for the tyrannical majority as some football league club once called them to exercise these abnormal clubs from the league.
The oil states are a cancer on the English game.
They need to be eradicated.
The oil states are a cancer on the English game.
They need to be eradicated.
The oil states are a cancer on the world.The oil states are a cancer on the game.