04/19/24
May 11, 2010
Britain's football secrecy league: "[Christian Aid] discovered that a total of 14 English Premier League members and a further five in the Championship, together with one in League One and two in the Scottish League, are now based offshore." The full report (PDF)
GREAT post...just fucking great!
I'd like to see a report like this for EVERYthing... Sports teams, grocery stores, fast food places, canned goods...EVERYthing... So...get on that, kokaku.
posted by StarFucker at 01:14 AM on May 12, 2010
How is "not in [insert home country name]" equal to secret? The teams based in, say, USA or Abu Dhabi aren't relying on laws to hide club financials--if so how would we know so much about the losses and indebtedness of Liverpool and Man United?
posted by billsaysthis at 05:55 PM on May 12, 2010
I only quoted the headline from the link - the full report has more details. I found it interesting that many English football clubs go to such lengths to shield their earnings from taxes. It would be news if the Yankees or the Red Sox were incorporated in the Cayman islands for sure.
posted by kokaku at 09:26 PM on May 12, 2010
kokaku, most corporations go to extreme lengths to minimize taxes. Microsoft, for instance, runs most of its US sales through an office in Nevada and ExxonMobile paid next to no US taxes despite record earnings. Why should a privately owned football club be different?
posted by billsaysthis at 11:27 PM on May 12, 2010
Finally, a league where Derby County makes the top 10.