Who do you think are the other 8 teams that will/might follow Glasgow rangers in being persude for off shore Tax avoidence?? Crazy situation unfolding with some of our football clubs and the HMRC if you ask me, all the money going into football and articles in the press suggesting that Rangers are not alone in the method of paying into off shore accounts to balance the large wages they were paying players. Looks like the HMRC are going to go for blood in the coming months/years and teams that have chased the dream and are already facing the nightmare are going to have another bit of bad news as well, the article suggested that there are Prem clubs and championship clubs that are being looked at by the inland revenue and it could well mean some disasterous results for the clubs involved. Little old Swansea have been ploughing pretty much a lone furrow in the respect of spending what we can afford,seems to me alot of other clubs will finally start to follow our model OFF the field as well as on it. What are your thoughts on this fellow jacks? is it a case of "tough luck" shouldnt have cut corners or do you feel for the Rangers fans who are faced with their once great club being on the scrap heap? My own view is that there has to be an end to the madness of sky high wages and transfer fees, and until there are a few high profile casualtiies the madness will continue IMO, i feel terrible for the fans of clubs involved in these situations, of course we have been there ourselves so know all about the hurt and humiliation that they go through. As fans though we are also responsible for the problem,the demand for success and star players comes as much from the terraces as anywhere else.We all have to start being realistic about what our clubs can actually acheive. I hate to say it but unless we see some high profile clubs going to the wall the madness of over inflated wages and transfers will continue IMO. Very bad news for football in Britain but without a harsh reality check, the game will eventually destroy itself. Read the link below. http://www.dailymail.co.uk/sport/fo...dministration-Eight-English-clubs-probed.html Thoughts??
I said some time ago that it was a matter of time before a 'big' club found itself in even bigger trouble. I wasn't thinking about north of the border at the time, but there you go. Arsenal and Swansea have been the standouts when it comes to finances in the recent past, buying low and selling high if possible. If not, at least getting the best out of players before they move on. We saw just up the M4 on a smaller scale what could happen if you try and buy your way out of trouble and it backfired. QPR have plenty of money but as we can see it's no guarantee of success. Side note: I see Pompey are going into admin for the second time in two years? How can that happen with parachute payments in place? Football finances are a disaster. I feel sorry for the fans who have no say in it but I agree. Until some bigger clubs are made an example of this madness will continue. With all the money sloshing around in football I cannot understand how clubs get into this mess. When we were struggling financially (on at least two occasions!) it wasn't down to large wages but simply our lowly league status and lack of support coming through the gates. No excuses, but at least that's a valid reason. These days and at this level you can only put it down to ridiculous transfer fees (Andy Carroll anyone?) wage bills and to a lesser extent agents' fees which imo are probably the main factors. Good post, NJ.
Maybe Cardiff can teach these teams how to steal money , use it , kick the lender out & stay out of administration .
Well i wouldnt mind betting that the riddler had a scheme like this going when he was at cardiff, he seems to know all the tricks in the book! It will be intresting to see who else is involved, im putting money on Bolton,Blackburn,wigan,Chelsea and West ham
I was shocked to hear of Rangers in this position. I wonder how many EPL teams are teetering on the verge.
The Daily Mail article says there are 8 top English clubs being investigated for doing a similar thing to Rangers so it could be intresting, in a perverse way it would be great if we stayed up this season and some of these teams took a 10pt hit next season and secured the relegation spots That is not a nice thing to wish on any supporter though, but it will be very intresting and also very embarrasing for the premier league if 2-3 teams went into liqudation, were deducted 10pts and the season was not competetive,wonder if the TV rights would then be affected ? They would be getting a watered down product and entitled to some compensation IMO, the mind boggles just thnking about the possibilites
Are Rangers having a fire sale, and are there any good players in their squad, that's what I'd like to know!........... On a serious not, I can think of two, Championship clubs, who could fit the statement, one being our friends up the road, because their not out of the woods, and sorry to say this, but Forest it would seem are in big trouble, especially since Doughty was found dead!...............
I have been preaching about this for ages. Quite frankly, if clubs want to hock everything to pay inflated transfer fees for players together with their ridiculous salaries then they deserve all they get. It's about time that common sense started to prevail in this game and I include the fans in this. Arsenal, for example, are having a dip at the moment by their high standards, so what happens? The fans start baying and yelping for Wenger to go out and start matching the crazy spending of their rivals. Thus far he has refused preferring to bring young players through and look for bargain buys in the market. Good for him!! We do much the same at our lower level and it is the only way to go. The huge money generated in the PL goes on obscene salaries, mind blowing transfer fees and agent's back pockets. How about diverting some of this cash towards the fans in terms of lower admission prices? The price for games in Germany is far less than in the PL and they have a pretty decent product. I could go on and on about this but, personally, I would be delighted for some of these idiot clubs to go to the wall. It would bring back some sort of sanity to our game and teach the fans in general that a well run club that ensures its future with sensible fiscal policies, is far better than risking its very existence by spending money it hasn't got. On that note, a huge well done to Huw and the Board for refusing to join those lemmings who surely, sooner rather than later, will cease to exist in their present form.
I agree Ivor its a mess where money as in most walks of life creates a monopoly in winning whatever prizes are on offer. is there no way it can change ? as greed rules, if the top money clubs were seperated with a super league from the clubs in the real world it would make matters worse. so i say if you gamble a clubs future for what may only be short term gain then you reap the whirlwind if it goes tits up. It does`nt help when any club on the rise gets its best players and managers poached therefore maintaining the top money clubs dominance . Survival of the richest is the prems moto !!!!
Man utd,Liverpool,Arsenal etc have always been able to afford the best players, i dont see that changing they are after all massive football clubs, but the alarm bells should be ringing with any club below them when it comes to finanace, Liverpool are/were a bit of a financial basket case until recently! if Liverpool cant afford to make ends meet then what chance do most other teams? As i said in the OP i wouldnt want any fan to go through what we went through but it seems that Football clubs fly in the face of financial prudence and the fans allow it and want it to happen, it cant go on, when there is one big scalp taken by the HMRC then the reality check might finally kick in
the top players are so hard done by aint they -Tevez - I was treated like a Dog !!! Not even Harry redknapps dog earns 200k a week
You'd think when " The Premier League " took all the TV money , instead of the top tier 50% share previous , when the league came to be in the early 90's that greed would have slowed a bit ... what a laugh , 72 teams get poorer every season !! I've mixed emotions of the team being dirtied even being in this League . But were here so lets stay long as we can , spend as little as we can & as we do stay , be a role model to all teams , rich or poor !!
Have to say that it's about time football is overhauled. It's about time clubs are brought to book over the frittering obscene amounts of money. If a private sector business was run like a football club, then you would be out of business within six months. Why should clubs not pay there taxes like any other business. I'm sorry but the FIFA, UEFA, FA etc etc are all to blame for this. There MUST be a criteria set out that clubs must be run within the income they generate. The BIG boys like Man City with big sugar daddies have to abide by these rules of face stiff penalties, if they breach this code then there should only be one penalty and thats points deductions as a financial penalty won't mean diddle squat to them. I feel that HMRC will eventually get there way, when a club enters administration the'll get first dabs on monies and when it does happen clubs WILL go under. It might take a Portsmouth to go out of business, for the football world to wake up and smell the coffee. I'm very proud with the way our club is run, and long may it continue.
while they`re overhauling it howabout a 1-2 match ban for dirty diving f***s if the ref deems it a dive then !!! just coming to the end of arsenals hiding off millan and that ibrhamavitc and the rest like hims main skill is diving should be in olympics diving squad innit ?
Swantastic, no arguments from me on that front. Send the buggers off and cop a three game ban. Would love the citing rule on football, prima donna antics, simulation etc then a ban should be dished out retrospectively.
Wouldn't work I La Liga. They award prizes for best pirouette. I believe FIFA are introducing rules - not sure when - that prevent clubs rom spending what they exceed in revenue. That's gong to sort quite a few out I should imagine.
I'm sure all of the clubs who had done the same thing had already settled the outstanding tax bill? Or was that something else... No doubt though, big clubs are going to start going to the wall soon. Capitalism, as in, inflation, spend, inflation spend etc isn't sustainable and there will be crashes. Football has accelerated so fast for so long, it will surely come crashing down soon. But when it does... we'll be just fine thank you very much Viva SCFC!
You would have thought so scott, but the fact There Are 8 clubs being looked at tells me some have stuck their head in the sand on this matter, and because alot of these clubs Are now Owned by oversea investers they may well have followed the portsmouth and hearts model by bailing out on their responsibility to the community and fans when they have to put their own money on the table. Clubs like leicster,pompy,Birmingham etc have dodgy Owners IMO and dont seem to be in it for the Long haul,just speculating on premier league cash and a quick buck. It Will be intresting to see what transpires
