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No mate - was pointing out the tax charge had to be taken off the proceeds, so 13.6 mil in tax assuming that there were no tax losses left to be offset, which is an oversimplification granted. So was pointing out that the cash available to spend figure is 80mil less tax.I think your sums are out mate. If it's profit on disposal of 68 then tax at 13.6, then it will be profit after tax of just under 55m.
But it depends if we have losses in other streams of income current year too, so we might be able to offset our player trading disposal profits against other commercial trade losses. With TV money massively up i would imagine however this is unlikely.
We're also gonna get money in on Snivelley who should have no book value, but will presumably take a bit of a loss on Niasse which can offset a little bit of the profit. Mosh needs to sort out the structure and pump some of his other conglomerate's group relief into the club lol
Interestingly, if the rumoured 10 mil is got for Niasse, we make a small profit on him - incredible!!!!I think your sums are out mate. If it's profit on disposal of 68 then tax at 13.6, then it will be profit after tax of just under 55m.
But it depends if we have losses in other streams of income current year too, so we might be able to offset our player trading disposal profits against other commercial trade losses. With TV money massively up i would imagine however this is unlikely.
We're also gonna get money in on Snivelley who should have no book value, but will presumably take a bit of a loss on Niasse which can offset a little bit of the profit. Mosh needs to sort out the structure and pump some of his other conglomerate's group relief into the club lol
No mate - was pointing out the tax charge had to be taken off the proceeds, so 13.6 mil in tax assuming that there were no tax losses left to be offset, which is an oversimplification granted. So was pointing out that the cash available to spend figure is 80mil less tax.
Probably didn't explain it well enough
Interestingly, if the rumoured 10 mil is got for Niasse, we make a small profit on him - incredible!!!!
I shall spend it wisely and praise you each and every day mate.Done mate. £2.02 has been confirmed as a transfer, and I have redirected all these letters in red to you.
Oh, lobbed in the cats as well.
Good luck. Xx
Nor do I.I'm still not convinced we will see the half of that rumoured 10m tbh lol
Do you pay tax on buying and selling players mate? Isn't what your buying the employment contract, it's not slavery
When was the last home game anyone seen him at?
No sell on clause Jake cohen a sports lawyer who works for chelsea confirmed this a year or so agoHe won't go for £80 million but using that figure by the time you deduct his amortised value then 5% of the transfer fee goes to the player ,unless he has put in a transfer request. Another 5% goes to what's called the central fund and then there is vat.
Add in what is still owed to Chelsea and of course there remains the possibility that there is a sell on clause and then that huge number reduces at a pace when you deduct the agents fees that figure just got a whole lot lower