boabie 230 Posted October 6, 2017 Share Posted October 6, 2017 I, for one say, good ! " Newcastle United are under investigation over alleged “extensive” tax evasion on player transfers, court papers have shown. Details of the allegations have emerged as the club failed in a legal challenge against search warrants issued to HM Revenue and Customs during Operation Loom, which saw dawn raids by HMRC on premises including St James’ Park as part of a £5m tax investigation involving Premier League and French clubs. The papers show HMRC investigators suspect Newcastle, owned by the billionaire Sports Direct tycoon Mike Ashley, of involvement in an elaborate scheme to evade income tax, VAT and national insurance. The allegations relate to the club’s part in the transfers of players including Demba Ba, Moussa Sissoko, Papiss Cissé, Sylvain Marveaux and Davide Santon. HMRC said Newcastle had “systematically abused the tax system” with the use of “sham” contracts that disguised the true recipients of agents’ fees. Investigators seized documents, computers and mobile phones during 6am raids in April on St James’ Park, the club’s training ground Darsley Park and the home of Lee Charnley, their managing director. Charnley was arrested but later released without charge. HMRC cited Ba’s free transfer from West Ham United, whose London Stadium was also raided during Operation Loom, as an example of how the alleged tax scam worked. Court papers referred to a £1.9m fee paid by Newcastle to Simon Stainrod, an agent acting on behalf of the club during negotiations to sign the Senegalese player in 2011. The vast majority of that money was then allegedly “secretly transferred” via a law firm to companies linked to Ba and unlicensed agents. The companies named are Sarl Ba Corporation, France-based Quatorze Management, Silkee Management in Enfield, north London, and Panama-based Zumbada Ventures Corporation. The alleged arrangement was in breach of FA agents’ regulations and happened in the “full knowledge” of Newcastle, according to HMRC officer Lee Griffiths. He said this meant both the club and Ba evaded income tax and national insurance because the fees were not treated as “taxable benefits enjoyed by the player”. HRMC said it missed out on nearly £1.2m as a result of the labyrinthine structure. " https://www.theguardian.com/football/2017/oct/05/newcastle-united-investigated-abuse-tax-system 0 Quote Link to post Share on other sites More sharing options...
Thinker 887 Posted October 6, 2017 Share Posted October 6, 2017 The alleged arrangement was in breach of FA agents’ regulations and happened in the “full knowledge” of Newcastle, according to HMRC officer Lee Griffiths. This guy sounds like a total c*nt! 0 Quote Link to post Share on other sites More sharing options...
Uilleam 5,960 Posted October 6, 2017 Share Posted October 6, 2017 Perhaps Gessler will take the HMRC lads/lassies for a few pints, 11/13/15, whatever, then offer a game of spoof for the outstanding monies. That would work. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted October 7, 2017 Share Posted October 7, 2017 Simon stainrod theres a blast from the past. 0 Quote Link to post Share on other sites More sharing options...
Uilleam 5,960 Posted October 7, 2017 Share Posted October 7, 2017 Simon stainrod theres a blast from the past. If you can't fight, wear a big hat....... ....Wasn't a stetson, was it? A fedora? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted October 7, 2017 Share Posted October 7, 2017 A fedora yes. On the day they tore our throats out. 0 Quote Link to post Share on other sites More sharing options...
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