Gary Ashford outlines the financial risks facing football clubs when it comes to signing big-name football players, particularly from overseas.
The January football transfer window has now slammed shut, and some of us supporters will be pleased with our big new signings. But the financial fair play rules are now having a real impact, and clubs are having to think very carefully about their finances.
Those of us in the tax world will also think about financial issues and, in particular, associated tax issues and whether HMRC will police the area with a soft touch or rod of iron. Most likely, somewhere in between will be the answer.
It is worth reminding ourselves of some of the risk issues.
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