Quote of the Day

"Even though this isn't illegal, it's not right."
-- Labour MP and former Sports Minister Gerry Sutcliffe, on a report finding that EPL clubs paid a 2% tax rate last year. (London TELEGRAPH, 12/1)
Monday December 3, 2012 Vol. 1 — No. 124 Print This Issue

Top Stories

  • Taxing Times For EPL

    Five EPL clubs, including ManU, paid no tax at all last year.

    Premier League clubs made more than £150M profit last year yet paid less than £3M in corporation tax "for an effective tax rate of 2%," according to Paul Gallagher of the London INDEPENDENT. What is "equally startling" is that a profit of £150M made by eight clubs is "all that the Premier League has to show for a turnover of about £2.2B a year." Five clubs, including ManU, Newcastle United and Tottenham Hotspur, paid no tax at all "despite a combined surplus of more than £70M." Blackpool, relegated from the Premier League last year, paid just over £100,000 on profits of £21M -- a rate of 0.5%.

  • The Right Channel

    Brazilian football clubs beat recession with help of TV revenue.

  • Tough Decisions

    Rugby leagues court controversy in effort to prime financial pipeline.

  • Ready To Deal

    Bayern Munich, Gazprom reportedly close to multi-million dollar deal.

  • United Front

    Asian Football Confederation wants to move past bin Hammam era.

  • Putting It On Ice

    Eurosport Asia-Pacific to broadcast up to 60 KHL games.

  • The Fast Track

    Scottish Premier League wants quick decision on reorganization.

  • A Bit Of Bubbly

    Roger Federer replaces Scarlett Johansson as Moët & Chandon ambassador.

  • Running The Show

    Brasileiro club Atlético Paranaense hires AEG Facilities to run stadium.

  • Following The Rules

    Indian Olympic Association vows to obey Olympic Charter in election.

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