Rich football clubs could face star player tax
Richest clubs could face a tax on player spending above a certain limit
Richest clubs could face a tax on player spending above a certain limit
Rich football clubs could be forced to pay a luxury tax on their star
players, according to a UEFA proposal.
The structure could follow the lead of US sports, where spending on players
above a certain limit would be taxed then redistributed to less wealthy clubs.
UEFA spokesman William Gaillard said that alternative plans around cost
restraint were difficult to implement, and tax or squad limits were ‘more
promising ideas’, reported the FT.
Further reading:
Arsenal forced to renegotiate £135m
loan deal
Man City appoints new finance
chief
More about:
The numbers you crunch tell a story. Your expertis...
15yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleAn emphasis of matter note is included over club's debt position Read More...
View articleLetter from Companies House confirms Coventry City FC directors risk criminal proceedings unless late accounts are filed Read More...
View articleFDs in football clubs more focused on management of corporate governance than if they were in a similar sized business outside of the industry Read Mo...
View articleDuff & Phelps which handled the administration of Rangers FC is acquired by private equity consortium Read More...
View articleI KNOW THIS is supposed to be an accountancy blog and not a football blog but I can’t help myself this time – sorry. I was planning to use...
View articleNew information suggests the two most successful football leagues owed the taxman £22m for the tax year ending April 2010 Read More...
View articleHM Revenue & Customs has lost an appeal to fast-track its action against the Football League's controversial football creditor rule Read More...
View articleI’M A Man Utd fan, so it’s fair to say my week didn’t get off to a great start. But that said it could be worse. If I were a Plymout...
View article