It might have been done for tax reasons...

I won't pretend to understand this but it would appear that any transfer fee received can be spread of the length of a player?s contract for tax purposes.

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Which I believe means the club don?t have to declare a ?7m profit this year but can instead spread it over the next 4 years.

Posted By: Ben on January 22nd 2006 at 12:50:13

Message Thread

So extending Dean's contract was a good idea wasn't it (NCFC) - Colney_Yella, Jan 22, 12:42:20
- It might have been done for tax reasons... (NCFC) - Ben, Jan 22, 12:50:13
- I'm sure we didn't have to pay his contract off (NCFC) - scruffy, Jan 22, 12:45:35
- Would think thats why WH had to pay over 7m for him (NCFC) - lurd, Jan 22, 12:43:42
  - Not that much more than Sutton when you take off Crewe's share (n/m) (NCFC) - Ben, Jan 22, 13:00:04
  - Record transfer fee.... (NCFC) - Klobo04, Jan 22, 12:45:56

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