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Barca charged with tax fraud
- Thread starter Kinky Gerbil
- Start date
-gully-
The Flux Capacitor
If it were an English club blatter would get in on it. Him and platini would search for every book they could find to throw at the club. They will probably both be out of the office for a few weeks when the time comes.
Cian
Well-known member
Apology accepted.
Brighton and Barca (in that order) are my teams.
And St Pats.
Apologies for any offence caused! What did you think of his book by the way? I was thinking of getting it out the library.
Green Cross Code Man
Wunt be druv
Too many questions could be asked about the finances of Barca and, more importantly, Real Madrid but it suits those at the top to keep the cosy cartel.
Greatest
account on NSC by a mile, has lasted the distance and then some, catching big names left, right and center.gordonchas
New member
- Jul 1, 2012
- 230
I wonder what you mean by that? You should say, rather than mincing your words.
Your implication, though, is completely wrong. There is nothing mysterious about the finances of either of those clubs because, being member-owned, their books are relatively open, certainly compared with any English club.
The whole reason this Neymar transfer business has even come to light is because one of Barcelona's own members questioned it. And he questioned it because a large group of club members were concerned about the President's lack of transparency (this relates back to the controversial move to allow Qatar to sponsor their shirts before members had given their approval to the contract). Since then, the President has resigned.
Do I need to point out that most clubs in Europe, and especially in England, can conduct these sort of deals opaquely, without any sort of third-party oversight?
This would make me smile. But never going to happen
gordonchas
New member
- Jul 1, 2012
- 230
I had a look at your links.
That Mirror article is laughable. There is an EU Commission investigation into the tax rates allowed to Spain's members clubs (Madrid, Barcelona, Athletic Bilbao and Osasuna). As that only affects tax on profits then it is entirely irrelevant to practically any football club on this planet - I'll come back to that, though.
The bit about favourable loan deals relates only to Valencia, Elche and Hercules, and the "dubious" land deal is something open to interpretation, but in any event the difference can't be more than £10 million.
Despite the paltry sums involved (by Madrid's standards) the Mirror seems to think that a £10m repayment to the local council will force them to sell Ronaldo and Bale?
Maybe this is not widely known but Real Madrid makes a surplus every year. This does, however mean that, as just about the only club in the world making a consistent profit, it does actually pay the Spanish equivalent of Corporation Tax. The EU investigation into the treatment of members clubs vs limited companies is therefore relevant to them, but even if it's found against them, the difference is only a couple of %. Find a way to fine Cristiano two weeks wages and the entire additional annual tax liability would be paid off.
Regarding the other link, the debt referred to is all liabilities, whether long term or short term (eg trade creditors). That definition of debt includes accrued income, which means season ticket money is considered as "debt". That's ludicrous, of course. If you take a more meaningful expression of debt (bank loans minus cash) then both Barcelona and Real Madrid have less debt than, say, Arsenal - the most prudently run of all the major English clubs. Swiss Ramble explains all this in detail.
Well Barca have just coughed up 13.5m euros to the authorities
http://www.bbc.co.uk/sport/0/football/26327476
http://www.bbc.co.uk/sport/0/football/26327476
That's a very nice donation bearing in mind according to some they haven't done anything wrong!!!
Garage_Doors
Originally the Swankers
I thought you were a Man U fan as well.