Quite. Any old charlatan can take over with minimal oversight.The FA just do not have a ** clue, they are happy to overlook all kinds of financial shenanigans (and a lot more besides) with owners purchasing and running clubs. I cannot see how paying a clubs wages could in any way be construed as being problematic.
Just done it MichelleAllegedly gave derby county a cheque for 1.6 million to pay Mays wages
Is this illegal ?
All the usual shysters circling clubs and this is what the EFL get exercised about. All the shite that agents do and this is what the EFL get exercised about.Quite. Any old charlatan can take over with minimal oversight.
Maybe it wasnt his own money, maybe Rooney paid the 1.6m through this guyMy question is where does this chap sit in the payout queue, he presumably doesn't have any security over the money, I doubt he counts as a football creditor, so is he in line for a payment of 25p in the £1, or less?
A £1,200,000 haircut for him because he believed whatever line of bulls*** Kirchner fed him, that's gonna hurt.
Maybe it wasnt his own money, maybe Rooney paid the 1.6m through this guy
Are you allowed to gift such a large amount of money without informing the HMRC ?
I'm sure it wasn't done through altruism as some on here have suggested.I think it was intended as a loan, but as a gift, as an individual you can give your money to whoever you want, it would only be a matter for HMRC if you died within 7 years.
The other taxation implications are he might try to claim this as a business expense, whether that succeeds or not will depend upon the facts.
I'm sure it wasn't done through altruism as some on here have suggested.
Agents, of all people, don't do something for nothing.
give it as an interest free loan, if it gets repaid fine, if it doesnt its written off against taxAre you allowed to gift such a large amount of money without informing the HMRC ?