da apostebet: Manchester United could be dealt a potentially huge blow to their summer transfer plans, as they hold talks with HMRC over unpaid taxes.
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HMRC in talks with United over taxesMay owe money for deals with players and agentsOutcome could affect summer spendingWHAT HAPPENED?
The Red Devils are reportedly in talks with HMRC, the UK Government's department for the collection of taxes, according to . The discussions are thought to involve potential money owed for dealings with players and their representatives, with any discrepancies owing to a different interpretation of the rules in place.
AdvertisementGettyTHE BIGGER PICTURE
The talks come as part of HMRC's improved efforts to collect money from Premier League clubs, with £124.8 million ($158.9m) recouped from top-flight clubs last tax year – over double the previous year's amount. While good for the UK Government, if United are found to owe a significant portion this would heavily impact their summer transfer plans. The Red Devils were already constrained to a frugal January due to the need to balance the books.
WHAT HMRC SAID
Speaking after collecting that £124.8m amount, the UK tax authorities wrote in a statement: "We will continue to carefully scrutinise arrangements between clubs, players and agents to ensure the correct tax is paid. We work closely with the football industry to educate and deal with tax risk head on.”
GettyDID YOU KNOW?
This summer will be the first window under minority investor Sir Jim Ratcliffe, who could see his transfer stategy hindered before it has even started. United are reportedly already preparing for the sales of several players to raise the necessary funds, with the likes of Scott McTominay and Harry Maguire mooted for exits. Ratcliffe may need to add a few more names to the chopping block if said talks are unsuccessful.