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FOOTIE BLOW

Premier League clubs face up to 10% tax on transfers under plan considered by Labour… it could cost your team millions​

The plans could hit clubs across the country
  • Published: 18:28, 17 Jun 2024
PREMIER League clubs could have to pay millions in tax on football transfers under plans being considered by Labour.
The idea of a transfer levy up to 10 per cent of purchases was not taken forward by the Tories after first being proposed in an independent fan-led review of the beautiful game.

But shadow sports secretary Thangham Debbonaire tonight said she could revive the controversial raid.

Speaking to reporters, she said: “I’m going to look at everything again that was in Tracey Crouch’s fan-led review.

“I think it's important we go back to first principles just to make sure there's not something that's been missed that is needed in order to ensure the financial sustainability.”

Pressed if the prospect of a transfer levy was back on the table, she added: “I'm obviously going to look at absolutely everything that was in Tracy's review.”

A transfer levy was one of the few ideas in the fan-led review that was not adopted by the current government in its Football Governance Bill to overhaul the sport’s finances.

It could have raised hundreds of millions of pounds to redistribute into cash-starved lower league teams.

Report author Ms Crouch said: "This would work in a similar way to stamp duty and distribute revenues across the pyramid and into grassroots."

The 2021 paper added: "If a 10 per cent levy had been applied in the last five seasons, an estimated £160 million per year could have been raised for redistribution."

The move was seen as a step too far after already committing to an independent regulator to oversee the game.

Labour backed the Tories’ plan and have committed to taking it on if they win power.

It also includes a ban on clubs during breakaway tournaments like the doomed European Super League.

Sir Keir Starmer said today: "Our football governance bill will put fans front and centre of the debate over the future of English football.

“We are lucky to have historic football clubs at the heart of communities across our country.

"But too often, clubs and fans are being let down by the wild west within the football pyramid. That’s why we will legislate for the long-awaited independent football regulator."
 

FOOTIE BLOW

Premier League clubs face up to 10% tax on transfers under plan considered by Labour… it could cost your team millions​

The plans could hit clubs across the country
  • Jack Elsom, Chief Political Correspondent
  • Published: 18:28, 17 Jun 2024
PREMIER League clubs could have to pay millions in tax on football transfers under plans being considered by Labour.
The idea of a transfer levy up to 10 per cent of purchases was not taken forward by the Tories after first being proposed in an independent fan-led review of the beautiful game.

But shadow sports secretary Thangham Debbonaire tonight said she could revive the controversial raid.

Speaking to reporters, she said: “I’m going to look at everything again that was in Tracey Crouch’s fan-led review.

“I think it's important we go back to first principles just to make sure there's not something that's been missed that is needed in order to ensure the financial sustainability.”

Pressed if the prospect of a transfer levy was back on the table, she added: “I'm obviously going to look at absolutely everything that was in Tracy's review.”

A transfer levy was one of the few ideas in the fan-led review that was not adopted by the current government in its Football Governance Bill to overhaul the sport’s finances.

It could have raised hundreds of millions of pounds to redistribute into cash-starved lower league teams.

Report author Ms Crouch said: "This would work in a similar way to stamp duty and distribute revenues across the pyramid and into grassroots."

The 2021 paper added: "If a 10 per cent levy had been applied in the last five seasons, an estimated £160 million per year could have been raised for redistribution."

The move was seen as a step too far after already committing to an independent regulator to oversee the game.

Labour backed the Tories’ plan and have committed to taking it on if they win power.

It also includes a ban on clubs during breakaway tournaments like the doomed European Super League.

Sir Keir Starmer said today: "Our football governance bill will put fans front and centre of the debate over the future of English football.

“We are lucky to have historic football clubs at the heart of communities across our country.

"But too often, clubs and fans are being let down by the wild west within the football pyramid. That’s why we will legislate for the long-awaited independent football regulator."

Politicians really can't leave any stone unturned when it comes to fucking everything up can they
 

FOOTIE BLOW

Premier League clubs face up to 10% tax on transfers under plan considered by Labour… it could cost your team millions​

The plans could hit clubs across the country
  • Jack Elsom, Chief Political Correspondent
  • Published: 18:28, 17 Jun 2024
PREMIER League clubs could have to pay millions in tax on football transfers under plans being considered by Labour.
The idea of a transfer levy up to 10 per cent of purchases was not taken forward by the Tories after first being proposed in an independent fan-led review of the beautiful game.

But shadow sports secretary Thangham Debbonaire tonight said she could revive the controversial raid.

Speaking to reporters, she said: “I’m going to look at everything again that was in Tracey Crouch’s fan-led review.

“I think it's important we go back to first principles just to make sure there's not something that's been missed that is needed in order to ensure the financial sustainability.”

Pressed if the prospect of a transfer levy was back on the table, she added: “I'm obviously going to look at absolutely everything that was in Tracy's review.”

A transfer levy was one of the few ideas in the fan-led review that was not adopted by the current government in its Football Governance Bill to overhaul the sport’s finances.

It could have raised hundreds of millions of pounds to redistribute into cash-starved lower league teams.

Report author Ms Crouch said: "This would work in a similar way to stamp duty and distribute revenues across the pyramid and into grassroots."

The 2021 paper added: "If a 10 per cent levy had been applied in the last five seasons, an estimated £160 million per year could have been raised for redistribution."

The move was seen as a step too far after already committing to an independent regulator to oversee the game.

Labour backed the Tories’ plan and have committed to taking it on if they win power.

It also includes a ban on clubs during breakaway tournaments like the doomed European Super League.

Sir Keir Starmer said today: "Our football governance bill will put fans front and centre of the debate over the future of English football.

“We are lucky to have historic football clubs at the heart of communities across our country.

"But too often, clubs and fans are being let down by the wild west within the football pyramid. That’s why we will legislate for the long-awaited independent football regulator."
Get those transfers done before July 4th!
 
We'll see. But you can't stop all breaks, and if all breaks occur when our defence are always in the opposition half, we'll always concede a lot of goals. And also the lack of a plan at set pieces is a worry. You can't blame Johnson having a 50/50 first touch for that.
Why not his 23, cost £50M and played professional football for good few years. His touch should not be 50/50. If it is then what the hell did the scouts look at when seeing if is suitable for Ange’s system. Surely they must have thought we need a player who can control the ball when given to him in tight areas and with defender tight to him.
 

FOOTIE BLOW

Premier League clubs face up to 10% tax on transfers under plan considered by Labour… it could cost your team millions​

The plans could hit clubs across the country
  • Jack Elsom, Chief Political Correspondent
  • Published: 18:28, 17 Jun 2024
PREMIER League clubs could have to pay millions in tax on football transfers under plans being considered by Labour.
The idea of a transfer levy up to 10 per cent of purchases was not taken forward by the Tories after first being proposed in an independent fan-led review of the beautiful game.

But shadow sports secretary Thangham Debbonaire tonight said she could revive the controversial raid.

Speaking to reporters, she said: “I’m going to look at everything again that was in Tracey Crouch’s fan-led review.

“I think it's important we go back to first principles just to make sure there's not something that's been missed that is needed in order to ensure the financial sustainability.”

Pressed if the prospect of a transfer levy was back on the table, she added: “I'm obviously going to look at absolutely everything that was in Tracy's review.”

A transfer levy was one of the few ideas in the fan-led review that was not adopted by the current government in its Football Governance Bill to overhaul the sport’s finances.

It could have raised hundreds of millions of pounds to redistribute into cash-starved lower league teams.

Report author Ms Crouch said: "This would work in a similar way to stamp duty and distribute revenues across the pyramid and into grassroots."

The 2021 paper added: "If a 10 per cent levy had been applied in the last five seasons, an estimated £160 million per year could have been raised for redistribution."

The move was seen as a step too far after already committing to an independent regulator to oversee the game.

Labour backed the Tories’ plan and have committed to taking it on if they win power.

It also includes a ban on clubs during breakaway tournaments like the doomed European Super League.

Sir Keir Starmer said today: "Our football governance bill will put fans front and centre of the debate over the future of English football.

“We are lucky to have historic football clubs at the heart of communities across our country.

"But too often, clubs and fans are being let down by the wild west within the football pyramid. That’s why we will legislate for the long-awaited independent football regulator."
Thangham Debbonaire: Is that truly a real name?
 
Hmmmmm, remember this?!

Finally we are back to monitoring!!!!!!

music video dancing GIF by 99 Percent
 
Do you buy a striker after their best season or after their worst? Toney was valued at 100 million after his 20 goal season and 40 - 50 million after his 4 goal half season. You are still getting the same player, with the same skill set. Last summer window there was lots of talk about Evan Ferguson being the next big thing, the next Harry Kane and Brighton wanting 120 million for him. He struggled this season, lost some game time and then got injured. Is he worth looking at now? He's still only 19 and the metrics they use to say he is a future star should be the same now as they were then.
 
Do you buy a striker after their best season or after their worst? Toney was valued at 100 million after his 20 goal season and 40 - 50 million after his 4 goal half season. You are still getting the same player, with the same skill set. Last summer window there was lots of talk about Evan Ferguson being the next big thing, the next Harry Kane and Brighton wanting 120 million for him. He struggled this season, lost some game time and then got injured. Is he worth looking at now? He's still only 19 and the metrics they use to say he is a future star should be the same now as they were then.
Well, regarding Toney, at 28 there's a statistical probability that the 20 goal season was his best. Regarding Ferguson there's a statistical probability that his best is yet to come, and that his best will not be anything close to a £120M player.

I think both lie outside the bell curve of players we should be targeting as a potential first XI CF that makes the squad demonstrably better.
 
Do you buy a striker after their best season or after their worst? Toney was valued at 100 million after his 20 goal season and 40 - 50 million after his 4 goal half season. You are still getting the same player, with the same skill set. Last summer window there was lots of talk about Evan Ferguson being the next big thing, the next Harry Kane and Brighton wanting 120 million for him. He struggled this season, lost some game time and then got injured. Is he worth looking at now? He's still only 19 and the metrics they use to say he is a future star should be the same now as they were then.
You're underestimating the impact of seasons being greater for younger players than older.

Younger players have had less seasons in the top flight.

So for example for Evan, one good season and one bad season means a 50 percent chance of success in the next.

Whereas one bad season for Kane (one season wonder where art thou) would mean a 10 percent chance of another bad one, and 90 for a great one.

In turn, the player's valuations are more subject to whiplash when they're younger.

It's also why younger players tend to be valued less than established ones - the risk cooked in based on fewer seasons of proof.

#mathclass #oneseasonwonder
 
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