By Alex Miller 13 January 2012 Leading football clubs are being heavily targeted by HMRC over perks afforded to players and WAGs – partially because the taxman has already received information and tip-offs relating to major financial discrepancies at at least one top Premier League club, Sportingintelligence can reveal. The finance directors at all Premier […]
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HMRC turns coy on football’s tax debts as ‘Creditors’ Rule’ case looms
By Steve Menary 14 November 2011 Her Majesty’s Revenue & Customs have changed their approach to disclosing British football’s tax debts just as a court case over the controversial ‘Football Creditors’ Rule’ (FCR) is about to come to the High Court. HMRC’s case against the Football League and the Premier League, which will challenge the […]
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HMRC sues Premier League in attempt to have ‘football creditors rule’ abolished
By Nick Harris 2 June 2010 HM Revenue & Customs has started legal proceedings against the Premier League in the wake of the financial collapse of Portsmouth to try to have the so-called ‘“football creditors’ rule” (FCR) abolished. Under the rule, if a club enters administration, “football creditors” including other clubs, players and managers owed […]
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REVEALED: the £39.6m in unpaid football taxes (and that’s only part of it)
By Alex Miller and Nick Harris SJA Internet Sports Writer of the Year 25 March 2012 When Darlington went into administration in 2009 – the second of three times the club has now done so – they owed HMRC tax arrears of more than four hundred thousand pounds. As part of the deal that led […]
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IN FULL: Craig Whyte statement on Rangers – ‘I’ll gift majority of shares to fans if I survive’
By Sportingintelligence 21 February 2012 Craig Whyte, the beleagured former owner of Rangers, has today issued the statement below, published in full, admitting he repaid the Lloyds bank loan at the heart of his takeover with cash leveraged against future ticket sales. The wide-ranging statement, published here verbatim, also claims that Whyte wants to gift […]
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Revealed: Whyte and Ticketus meet Rangers administrators, confirm source of funds
By Nick Harris SJA Internet Sports Writer of the Year 21 February 2012 Craig Whyte, the absent former owner of Rangers whose takeover and nine-month period of control at Ibrox is currently under investigation, broke cover to hold a meeting with administrators Duff & Phelps at their London offices in Portman Square (below) yesterday, Sportingintelligence […]
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RANGERS: Whyte ‘ignored settlement advice’, chances of regaining control recede
By Nick Harris SJA Internet Sports Writer of the Year 19 February 2012 Craig Whyte, the controversial businessman at the heart of the crisis enveloping Rangers, ignored advice given to him last May about how he could settle some of the club’s disputes with HMRC, Sportingintelligence can reveal. Rather than follow a plan which might […]
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RANGERS CRISIS: Mystery deepens over Whyte links to former jailbird associate
By Nick Harris SJA Internet Sports Writer of the Year 15 February 2012 Two business associates of the beleagured Rangers owner Craig Whyte have spoken about their links to Whyte, but have raised more questions than answers in the process, particularly in relation to the role one of them has played in the Rangers takeover […]
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The Sports Lawyer: ‘For obvious reasons, taxation of the rich will affect football’
* THE SPORTS LAWYER is actually a posse of Britain’s brightest lawyers, from the Sport & Media team at the UK law firm, Thomas Eggar, who will be contributing features, analysis and insight on a regular basis on the key sports law issues of the day. In TSL’s latest column, Emily Osborne discusses the HMRC’s focus on high […]
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The Sports Lawyer: ‘With the money in football, a club could argue that one bad decision is worth millions. Could that be worth legal action?’
* THE SPORTS LAWYER is actually a posse of Britain’s brightest lawyers, from the Sport & Media team at the UK law firm, Thomas Eggar, who will be contributing features, analysis and insight on a regular basis on the key sports law issues of the day. In TSL’s latest column, Ashley Wootton discusses technology in sport […]