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Upper Tier Tax Tribunal starts today


quinty

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I'm not a fan of SDM, but what did he do that brought this about.

I do think he fleeced the club stupid and spent recklessly, but neither of those brought the club down.

You may try and argue EBTs but these were legal at the time and despite several hearing lawyers and judges still can't say if they are legal or not.

Without that tax bill and the ridiculous time it hung over us, we would have been fine.

This in a nutshell. When in a competitive business environment, not to take advantage to reduce tax take etc can hurt you. That saving allows money to be invested in other players etc.
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We were paying that back at £1m a year tho. Easily managed.

Nobody wanted to be left holding the club if the music stopped.

Iv got to agree that SDM business practices weren't the issue (apart from selling to whyte), it was the length of time of the verdict. I wonder how many fans will freak out if he gets involved again.

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