Salary Cap

[Southampton Gull]

I know that one mate, I do a lot of work via remote access and most of the "foreign" clientele adore my English accent, well my "telephone voice" anyway. Not sure they'd find it so endearing if they heard me using my "colourful" language

[happytorq]

I know that one mate, I do a lot of work via remote access and most of the "foreign" clientele adore my English accent, well my "telephone voice" anyway. Not sure they'd find it so endearing if they heard me using my "colourful" language

Presumably this isn't video conferencing?

I work with some Russian women and I think that accent is very sexy. Don't hear the American any more.

But it's really interesting how much women here (well, blokes too, but I tend not to care quite so much!) love the accent. It'd done well for me, getting me free coffee, good service in restaurants and on a couple of memorable occasions, phone numbers.

[Scott Brehaut]

Personally I think the French accent is pretty hot :~D

[Southampton Gull]

Personally I think the French accent is pretty hot :~D

Yes Scott, we all know how much you fantasise over David Ginola

[Scott Brehaut]

This is more like it:

[Glostergull]

If their 'sugar daddy' inputs money into the club directly, and it get's filed as income then they're playing by the rules.

The bubble will burst eventually.

There is one problem which these teams will have if their directors put money in and file it as income. TAX. If ther inject capital to either build the team up or keep it going as our directors have done, The capital is added to the balance sheet as a directors loan and can be drawn down at any time so that that directors can have thier capital back. then they can have interest added if they need. if it's injected as sponsorship then it truly is income and they cannot add interest or have it back and in fact the tax man will if it's over their allowable limits tax them on it.
They won't win either way.

[happytorq]

There is one problem which these teams will have if their directors put money in and file it as income. TAX. If ther inject capital to either build the team up or keep it going as our directors have done, The capital is added to the balance sheet as a directors loan and can be drawn down at any time so that that directors can have thier capital back. then they can have interest added if they need. if it's injected as sponsorship then it truly is income and they cannot add interest or have it back and in fact the tax man will if it's over their allowable limits tax them on it.
They won't win either way.

Not really 'up' on UK tax law, but could the director not use it as a tax write-off on their end. So I set up "Chris' Gags, Inc" (selling a variety of items for the growing Gimp market. Don't worry, you're all on my mailing list ), sponsor the club to the tune of half a million quid, and deduct that 500k from my balance sheet; thus ensuring I don't pay tax on that money that I guess I don't really have any more.

I mean, you'd probably still lose a bit on the transaction (the corp tax associated on the TUFC side being more than the saving on Chris' Gags side) but it would reduce your tax liability at least.

Oooh, unless we make Torquay United a charity and gift-aid it

[Trojan 67]

The problem in professional football these days is not the salary cap, it's the salary GAP.

Whoever thought that when turncoat "New Labour" introduced the minimum wage to bring the less well off up to a living wage, that greedy b'stards would soon be in power to drive down middle income workers to the aforementioned minimum ?

Real conservatives (note the small c) like me and Alf Garnett, have nothing in common with greedy b'stards. :no: