Lee Hoos and pointless bullshitting.

[bocadillo]

I believe the tax at stake is circa £50,000, so I don't think that has anything at all with our finances. The one thing that is for sure is that the club is losing money week in week out. That probably has more to do with not lashing out loads of dosh in the transfer window ( like almost every other Champo club I might add ). If the money ain't there, don't try to spend it. We've been down that road before.

The two charges are in connection with payments of £182,500. The tax and the employees National Insurance contribution would have been payable by the recipient; MM only avoided the employer's part of the National Insurance contribution which would have been much less than £50,000. The "circa £50,000" presumably relates to the amount alleged to not have been paid by both parties.

Having said that, the important question now is not how much tax etc was avoided, but whether MM will be convicted and, if so, what the penalty might be.

 

[Yorkshire Vixen]

I'd rather they just admitted we haven't got a pot to piss, rather then the spin we get.

i have plenty of pots to piss in but im always having to piss into a pot every 2-3weeks but thats what happens when youre up duff

 

[Matt_B]

I was looking at the future development of the squad rather than the mathematics of past contributions.

My guess is that Solano is unlikely to provide decent value for presumably relatively high wages - whereas it's more likely that Gradel had a spark of talent that was worth nurturing.

On the wider issues - I guess that it's nearly impossible to run Leicester City at a profit in the Championship; the transfer system is rapidly evolving into one that is about wages rather than big fees.....and it looks like that MM is being increasing careful about spending money and the Solano deal had to be financed by outward moves most notably Gradel.

One more thing, regarding wages, why do people assume he is on high wages? He was playing local football in Peru before joining us so I don't see why he would command say 5-6k a week.

Or do you mean relative to Gradel's wages?

 

[Hazzman]

He was playing in Peru's top flight by the way.

 

[Matt_B]

He was playing in Peru's top flight by the way.

I'm sure it said Local Football somewhere

 

[The Old Fox]

One more thing, regarding wages, why do people assume he is on high wages? He was playing local football in Peru before joining us so I don't see why he would command say 5-6k a week.

Or do you mean relative to Gradel's wages?

I suspect that he is on a good wage because, despite NP's insistence that everybody must want to play for LCFC, I find it difficult to believe that Solano had one footballing ambition left: to pull on the famous blue shirt. He is here for a final pay day.

 

[Redditch Fox]

One more thing, regarding wages, why do people assume he is on high wages? He was playing local football in Peru before joining us so I don't see why he would command say 5-6k a week.

Or do you mean relative to Gradel's wages?

Both.

All my instincts tell me that this is a Milan type signing (yes, I do understand that there is also an NP connection via Newcastle) and that there would have been a disproportionately high wages deal against a short term contract.

Look - this might be a great move with Solano adding a critical new dimension with pin point corners and free kicks. But I doubt it.

I'm with Dicken on this one - the main beneficiary is likely to be Solano's pension fund.

 

[Real Sharapova]

The two charges are in connection with payments of £182,500. The tax and the employees National Insurance contribution would have been payable by the recipient; MM only avoided the employer's part of the National Insurance contribution which would have been much less than £50,000. The "circa £50,000" presumably relates to the amount alleged to not have been paid by both parties.

Having said that, the important question now is not how much tax etc was avoided, but whether MM will be convicted and, if so, what the penalty might be.

If an employer does not correctly apply PAYE, generally they, or in extremis, the person authorising the payment, are chased for the whole amount, including the amount the employee should have paid, it's far easier for H M Revenue & Customs. Having said that, I would be amazed if they made any charges stick in respect of MM.

 

[Redditch Fox]

If an employer does not correctly apply PAYE, generally they, or in extremis, the person authorising the payment, are chased for the whole amount, including the amount the employee should have paid, it's far easier for H M Revenue & Customs. Having said that, I would be amazed if they made any charges stick in respect of MM.

Yes - we've seen these type of prosecutions before and like as not MM will be acquitted; receive a tidy sum in costs and the DPP has to try justify the high expense of bringing the case.

 

[Blue Maniac]

I'm sure it said Local Football somewhere

Somewhere was wrong.

 

[Real Sharapova]

Both.

All my instincts tell me that this is a Milan type signing (yes, I do understand that there is also an NP connection via Newcastle) and that there would have been a disproportionately high wages deal against a short term contract.

Look - this might be a great move with Solano adding a critical new dimension with pin point corners and free kicks. But I doubt it.

I'm with Dicken on this one - the main beneficiary is likely to be Solano's pension fund.

I would be surprised if Solano was on mega wages. The main reason ( I believe ) he wanted to come back to England was to continue working on his coaching badges. Playing for LCFC until the end of the season presumably fits in quite well with that.

 

[LoopisDeLupis]

I would be surprised if Solano was on mega wages. The main reason ( I believe ) he wanted to come back to England was to continue working on his coaching badges. Playing for LCFC until the end of the season presumably fits in quite well with that.

And if that's true which i don't doubt it is, I like it as a theory...

Can we keep him like we did Powell? He seems to get on with Pearson!

 

[Hazzman]

I'm sure it said Local Football somewhere

Well they are wrong, he played for the current champions of Peru.

 

[Redditch Fox]

And if that's true which i don't doubt it is, I like it as a theory...

Can we keep him like we did Powell? He seems to get on with Pearson!

Why not - I feel sure that there is lots of potential to sign on any number of middle aged coaches.

I just hope that my cynicism about geriatric players proves unjustified and we get a win at Blackpool and start rolling again.

 

[drummindefender]

Looks like NP has been reading this thread! Full respect to the man

It would have been nice to bring a few more in but, because of the financial situation, we haven't been able to do more business

source

 

[Profondo Rosso]

Fair play to NP, nice to see someone tell us straight.