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)
Top Stories
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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%.
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The Right Channel
Brazilian football clubs beat recession with help of TV revenue.
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Tough Decisions
Rugby leagues court controversy in effort to prime financial pipeline.
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Ready To Deal
Bayern Munich, Gazprom reportedly close to multi-million dollar deal.
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United Front
Asian Football Confederation wants to move past bin Hammam era.
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Putting It On Ice
Eurosport Asia-Pacific to broadcast up to 60 KHL games.
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The Fast Track
Scottish Premier League wants quick decision on reorganization.
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A Bit Of Bubbly
Roger Federer replaces Scarlett Johansson as Moët & Chandon ambassador.
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Running The Show
Brasileiro club Atlético Paranaense hires AEG Facilities to run stadium.
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Following The Rules
Indian Olympic Association vows to obey Olympic Charter in election.
