just guessing really but I'd imagine

any owner that is able to pump millions into a club is able to structure their tax affairs so that losses made on the footballing side cancel out gains made in other investments/income generating businesses (so HMRC effectively subsidises the footballing side through a reduction in the overall tax bill for that individual).

Posted By: CWC on February 16th 2014 at 23:33:02

Message Thread

What's the chance of Norwich getting a mega rich owner? (NCFC) - SeattleSounders, Feb 16, 21:04:14
- 9 (n/m) (NCFC) - Bristol Graham, Feb 16, 21:50:03
- 9 (n/m) (NCFC) - Graham Nine, Feb 16, 21:32:44
- now we are getting somewhere.......... (NCFC) - usacanary, Feb 16, 21:15:14
  - Fair play rules LOL.......... (NCFC) - usacanary, Feb 16, 21:18:03
    - Salary caps are the obvious answer (NCFC) - SeattleSounders, Feb 16, 21:21:43
      - haha, that's so funny because essentially it's a socialist concept that's completely (NCFC) - protheroe fitzgibbon, Feb 16, 21:29:15
        
        Disagree, it's a concept designed to create fair competition, (NCFC) - SeattleSounders, Feb 16, 21:34:29
        
        absolute rubbish, thr people who epitomise the American dog eat dog attitude to business t (NCFC) - protheroe fitzgibbon, Feb 16, 21:39:32
        
        well, I am limiting the discussion to competitive sports (n/m) (NCFC) - SeattleSounders, Feb 16, 21:40:46
        
        ok, sorry mate, didn't mean to offend, but they have had influence in American sport too, (NCFC) - protheroe fitzgibbon, Feb 16, 21:43:01
        
        no offence taken at all, I knew what you were saying (NCFC) - SeattleSounders, Feb 16, 21:52:01
        
        It'll take a real downturn in popularity for that to happen (NCFC) - Yellalee, Feb 16, 22:01:36
      - But NFL is such a niche, isolated sport that it is logistically possible to implement (NCFC) - Yellalee, Feb 16, 21:27:05
        
        I don't get that (NCFC) - SeattleSounders, Feb 16, 21:32:30
        
        no, no legal bar to it. Rugby Union has one in the Premiership (NCFC) - CWC, Feb 16, 21:52:32
        
        but as far as football is concerned, i've always believed that if you can generate More (NCFC) - protheroe fitzgibbon, Feb 16, 22:09:21
        
        Well that's exactly it. NFL compete with themselves. Football competes with others (NCFC) - Yellalee, Feb 16, 21:40:10
- Yep (NCFC) - bullsch, Feb 16, 21:14:43
  - Peter Cullum is definitely not dodgy, although his businesses did get hit baly (NCFC) - lovely old job, Feb 16, 21:30:14
    - Was in the same class as him at the CNS (NCFC) - Chicken, Feb 16, 22:35:48
- We aren't actually a very attractive proposition for anyone to take over at the minute (NCFC) - Darren Eadie, Feb 16, 21:14:00
  - tax write off for the mega-rich owners half the time, isn't it? (NCFC) - CWC, Feb 16, 21:55:12
    - How? (n/m) (NCFC) - SimonOTBC, Feb 16, 22:55:14
      - just guessing really but I'd imagine (NCFC) - CWC, Feb 16, 23:33:02
  - Makes sense, but the large amounts of money made (NCFC) - SeattleSounders, Feb 16, 21:25:35
  - true, tan man toik over when they were in the champs. and on the verge of administration. (n/m) (NCFC) - protheroe fitzgibbon, Feb 16, 21:20:29
- i'd rather not tbh, most mega rich people seem to be Bell ends. (n/m) (NCFC) - protheroe fitzgibbon, Feb 16, 21:08:23
  - Thats how most make money by being single minded and not listening to others. (n/m) (NCFC) - usacanary, Feb 16, 21:16:15
    - eh? i'm not listening,. (n/m) (NCFC) - protheroe fitzgibbon, Feb 16, 21:17:33
      - joke btw. (n/m) (NCFC) - protheroe fitzgibbon, Feb 16, 21:17:58

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