That's not so bizarre as having unlimited wealth and using it to buy a football team in a foreign country to get some reflected glory that will not be seen as glory at all, just unlimited wealth badly used.
Quite possibly, as far as a business is concerned, charity donations are tax exempt, wages of course are not.
If a charity donation is the problem it could be done easily by a one off donation by Man City's owners outside of football. It wouldn't take two minutes and certainly wouldn't hold up a transfer. I can only conclude the article is a load of tosh.
Then City wouldn't get the tax break on the donation, the money has to come from club coffers. A weekly donation is better for cash flow.
I think you boys should just cut your losses and move on, ade has shown his true colours once again, he is only interested in money. Its also very short sighted, if he sits in the city reserves for 2 years he will still get his 170k a week, but at the end of that 2 years no one will pay him anything more than 20 - 30 k a week, if that, as he will be finished as a footballer, if he joins you guys for 100k a week on a 4 year deal he will probably make as much money if not more over the long term.
I think Ade is just getting the best deal for himself just as Levy gets the best deal for Spurs. There is nothing wrong with that. There is still plenty of time.
I think it is the other way around. Paying wages reduces your tax bill via increasing your costs (so reducing profit). I think charitable donations only count as costs if they are made for business purposes
As said above, they are already running at a such a loss that extra cost doesn't help them with Tax payments.
No mate, its not quite like that, I have my own business, for mine the donation is just deducted from gross takings before tax, thus reducing the company tax liability. There used to be a limit but that was lifted by our wonderful Tory Chancellor to allow companies to donate as much as the like instead. "Under current rules higher rate taxpayers can donate unlimited amounts of money to charity, and offset it against their tax bill to effectively bring the amount of tax they pay down, sometimes to zero." http://www.bbc.co.uk/news/uk-politics-18278253 This should be in City's interest, but is complicated hence the wait....unlike the "baboon" who's recently commented above and still bitter Ade left Arsenal because he realised he wasn't going to win anything!
Ade is asking for it weekly, for the remainder of his contract which is 2 years still. During this period FFP rules will come into play and it would be in their interest to reduce tax liability in the future, I agree they have made losses previously but its not relevant in this instance...if this all true of course.
It doesn't look too good, everything I've said is based on City wanting RVP, if they look elsewhere that kind of ruins our plan I'd say, it'll be very disappointing if that happens.
I really do hope that Levy has a plan B and a plan C, because we need at least two strikers. Plan A seems to have failed. I can see us going into the new season with only one established striker. It's not looking good.
How much money do you think Levy has to spend? Looks like Spurs and Liverpool fan's hope of spending some money this summer isn't quite going the way we wanted it to go.
We've raised our wage cap(or perhaps scrapped it) so that may be where part of our money is going in tying Bale down and a number of others being given improved terms. I also think we've got a lot to sort out with outgoings first too. With Pienaar, Bentley, Jenas, Gomes, Bassong and GDS all on fairly big wages there might not be a desire for Levy to spend more money when we're still wasting millions every year we still pay them and Modric's negotiations are probably taking a lot of time too.
