http://www.dailyecho.co.uk/news/dis...tion_tax_despite_multi_million_pound_profits/ Have posted the headline as used by the Echo, but, before we all get up in arms, the article goes on to explain that no corporation tax was paid because debts can be carried forward (as in any business) and very few teams truly make a profit. As someone says in the article, a football club is the worst business model there is. More clubs are likely to go into profit as the Sky money hits. There is a reply from SFC where they point out the losses they carried from starting in Division 1. The Sun has been talking about a breakaway Superleague.....if that happens, I presume the Sky money may dry up or be diverted away from the home leagues.
A perfectly normal (and healthy) business model. Prior year losses can be used to offset profits - thus not penalising start up companies who usually lose in their first years (or football clubs who, generally - especially if they're one of the "big" ones) constantly lose money ............. God forbid there be a breakaway superleague. It'll mean less money for grass roots football, "normal" clubs (like us) being sidelined and the "big" clubs (grrrr ....!!) tapping up more players for their teams ...................
I would find a Super League quite amusing, as teams that are traditionally at the top of the pile, will have to take a turn at the bottom. I can see their fans LOVING that.
If a Super League starts up and Sky divert money their way, there is one sure fire way to protest.....cancel the subscriptions to Sky and BT etc
I find it slightly comical that a reasonably consistently upper mid-table team like Liverpool is in the plan. Vin
Super league won't happen. There will either have to be promotion and relegation back to domestic leagues or the clubs will have to remove themselves from their national FAs and league pyramids.
