UK footballers from Rooney to Durie hung out to dry in film fund tax dodges

money flying

By Paul Nicholson

October 12 – The number of players and football executives revealed as falling foul of UK revenue and customs authorities in the UK for investing in tax avoidance film funds is likely to be as high as several hundred, threatening bankruptcy for some and financial hardship for many others. It is a scandal made in the City of London but acted out in clubs across the country and not just in the Premier League.

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Barca match social media lead with revenue growth, finds report

social media

By Paul Nicholson

October 6 – Social media is the fastest growing segment of most clubs’ activities but can the followers be monetised directly or are they part of the larger media/sponsor sale metrics? It is an issue that is increasingly flexing club thinking as they look to maximise and get a return on their investments in the social arena.

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2006 World Cup bid ‘suspect’ Hahn makes powerplay for control of Highlight

Dieter Hahn

By Paul Nicholson

October 4 – A boardroom bust-up has taken place at Highlight Communications that could see the company’s sports media assets come under the control of Dieter Hahn, the former Kirch executive who is deeply implicated in the alleged German cash-for-votes scandal around the award of the 2006 World Cup to Germany, and the secret slush fund used to buy broadcast rights to Bayern matches.

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Cash-rich Gunners see profits take a hit

Arsenal 28_Sept

By David Owen

October 3 – Arsenal, the north London club whose French manager Arsène Wenger has just completed an extraordinary 20 years in the hot seat, have reported a sharp downturn in annual profits. The Gunners posted a pre-tax profit of just £2.9 million for the year to 31 May 2016 – down from a restated £18.2 million. Group turnover in the same period rose from £347.3 million to £356.5 million.

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PwC moves into FIFA audit hot-seat

FIFA sign

By David Owen

September 17 – PricewaterhouseCoopers (PwC) have stepped into the hot-seat vacated by KPMG as statutory auditors of FIFA. The world football body announced that the Bureau of the FIFA Council had appointed PwC Switzerland to the role.

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Mixed success on the pitch but Man Utd scored financial turnaround in 2015-16

Man Utd3

By David Owen

September 12 – The impact of a new kit deal with Adidas combined with reduced finance costs as a consequence of a refinancing of the club’s sizeable debt have triggered a turnaround in Manchester United’s financial fortunes. The Old Trafford club today kicked off the 2015-16 Premier League full-year financial reporting season by unveiling a pre-tax profit of £48.8 million for the year to June 30. This compared with a prior-year loss of £3.6 million.

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