Menu
Forums
New posts
Search forums
What's new
New posts
Latest activity
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Help Support The Rugby Forum :
Forums
Rugby Union
Premiership Rugby / Premiership Cup
English rugby clubs ‘heading for disaster’ after mounting £300m in debts
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Flankers&#039; paradise" data-source="post: 1223818" data-attributes="member: 88834"><p>You're absolutely right, I just think that obviously clubs are still paying NI on players' wages, and so still giving something to the treasury. It may not be the same value as the loan but it's still consistent year on year. If clubs go bust and more players either sign contracts abroad or move home or whatever then that tax base has shrunk - and the gov gets neither. If they can afford to give every mp a 2k pay rise and fail to tax wealth properly then they can afford to be lenient in the way they go about regaining the loans.</p><p></p><p>Take your point about them being private businesses but they're more than that, they are of public interest and provide community services. Maybe that is the answer though, local government could take shares in their clubs with oversight on how to help sustainability?</p></blockquote><p></p>
[QUOTE="Flankers' paradise, post: 1223818, member: 88834"] You're absolutely right, I just think that obviously clubs are still paying NI on players' wages, and so still giving something to the treasury. It may not be the same value as the loan but it's still consistent year on year. If clubs go bust and more players either sign contracts abroad or move home or whatever then that tax base has shrunk - and the gov gets neither. If they can afford to give every mp a 2k pay rise and fail to tax wealth properly then they can afford to be lenient in the way they go about regaining the loans. Take your point about them being private businesses but they're more than that, they are of public interest and provide community services. Maybe that is the answer though, local government could take shares in their clubs with oversight on how to help sustainability? [/QUOTE]
Verification
Post reply
Forums
Rugby Union
Premiership Rugby / Premiership Cup
English rugby clubs ‘heading for disaster’ after mounting £300m in debts
Top