Lee Cook, what a nice chap.....

[Blaby blue blood]

From the BEEB:-
Lee Cook has given his cash-strapped former club QPR a major boost by handing over his £250,000 signing-on fee at Fulham as a parting gift.

Not earth shattering news I know, but thought it deserved mentioning with the climate of Footballers grabing as much as they can as quickly as they can, thought it was a nice gesture on his part.

I applaud you

 

[Melton Fox]

Re: Lee Cook, what I nice chap.....

I can't believe the club went behind his back and told the media about his donation despite his protestations not to.

I wonder if he'll be a household name now.

 

[Hazzman]

Re: Lee Cook, what I nice chap.....

Maybe because QPR are up the shitter moneywise and banned from making signings he did this.

 

[Blaby blue blood]

Re: Lee Cook, what I nice chap.....

I can't believe the club went behind his back and told the media about his donation despite his protestations not to.

I wonder if he'll be a household name now.

Never thort of it that way.

You sinical old git :icon_wink

 

[Blaby blue blood]

Re: Lee Cook, what I nice chap.....

Oh and can someone please amend my spelling mistake in the title.

Cheers

 

[Steven]

What is the tax treatment for a "gift"?

 

[OldGit]

I suspect he wanted it kept quiet because it might not go down well with the fans at his new club.

 

[Willlow]

Fair play to him.

Giving something back to the club he supported as a kid.

 

[fcukcov]

Fair play to him.

Giving something back to the club he supported as a kid.

Pedant alert.

Errr isn’t he a liverpool fan?

 

[Darth Vodka]

What is the tax treatment for a "gift"?

it's not a gift to a charity, so assuming the arrangement bypassed the player... QPR will still have to pay income tax

any accountants here?

 

[drew]

QPR pay corporation tax on their profits, not income tax.

If they are running at a loss then they will not pay any tax. Look at it as a cash injection to a failing company rather than a donation.

 

[fitz]

a rare nice piece of decency from the world of football. he could have bought himself some nice drugs or something, but instead put money back to help a club in trouble....thank feck he hasn't just left leeds eh. i remember it wasn't too long ago when Niall Quinn was a stand out in the crowd sort of person by donating his testimonial money, people were astounded.