Re: Football Leaks and their revelations

by free_cat Mon Feb 29, 2016 11:15 am

Morata transfer agreement to Juve leaked.

https://footballleaks2015.wordpress.com/2016/02/29/real-madrid-juventus-alvaro-morata/

Finally an end to the buying option debate. It's 30 milion if he plays more than 50% of the games.

by farfan Mon Feb 29, 2016 11:55 am

Just change the name of the site to Real Madrid leaks already hmm

by rincon Mon Apr 04, 2016 11:04 am

More and more real madrid leaks.

They leaked the James deal. 75 mill plus 15 in bonuses (5 of which already happened) the other 10 depend on possible nomination/winning the ballon d'or. 7.7 mill gross salary. Who can pay something like that for James with the recent talk about leaving?

by Bellabong Mon Apr 04, 2016 11:29 am

The Panama Papers and football:

http://www.irishtimes.com/business/panama-papers-how-soccer-has-become-enmeshed-in-offshore-world-1.2595555

The implications are huge - Messi can't claim lack of knowledge in this case, FIFA and UEFA bribery has a paper trail etc.

by LeVersacci Mon Apr 04, 2016 12:38 pm

Another tax evasion for Messi lmao? Better call saul (:

by rincon Mon Apr 04, 2016 12:45 pm

The corporation he allegedly owns was started in panama the day after he got found out for tax evasion in 2013... to hide his earnings from image right to evade taxes. If its true then just :facepalm:

Suarez end up being the most innocent of MSN Smile

by M99 Mon Apr 04, 2016 5:35 pm

@Harmonica

by rincon Mon Apr 04, 2016 5:40 pm

Messi released a statement saying they never used the company and that it never had an active account or anything. Saying that its a leftover company from the previous structure his financial assessors had set up, for which he already is being judged.

http://futbol.as.com/futbol/2016/04/04/primera/1459784087_896696.html

by halamadrid2 Mon Apr 04, 2016 6:40 pm

Lol who is he trying to fool

Common FBI this is your territory. Although hiding millions in tax havens isnt illegal well at least not in the UK. Alsp the head of state of Argentina is one of them. Runs in the country Laughing

by sportsczy Mon Apr 04, 2016 7:23 pm

If you've paid the taxes initially and then move that money to a tax haven so you don't pay additional taxes on incomes earned on that money (as long as you pay the taxes in the jurisdiction where the income activity occurs)... it's completely legal for US companies as long as they don't repatriate the money.

Everyone with a certain amount of wealth does this. Heck, i do it. Where people get into trouble is they get credit cards on the offshore account and then spend it in the US. You've repatriated the money then AND you're using the monies for personal use = breaching the corporate veil. Then you're in trouble because this only applies to corporations, not individuals. But if you stay disciplined and do everything right, there's nothing wrong with it at all.

There are a lot of false stigmas attached to this.

by Bellabong Mon Apr 04, 2016 10:27 pm

The false stigma's associated with tax[*] evading come from its immorality. Taxes are a social responsibility.

rincon wrote:Messi released a statement saying they never used the company and that it never had an active account or anything. Saying that its a leftover company from the previous structure his financial assessors had set up, for which he already is being judged.

http://futbol.as.com/futbol/2016/04/04/primera/1459784087_896696.html

Messi doesn't know how screwed he is then - his investigation is about 08-09 right? The Panama papers have his name in documents from 2012-2013.

One of the essential things about the kind of business Mossack-Fonseca is that they appoint a random directer whose name is on the company and this random director then signs a power of attorney giving all power to the "actual" owner of the company - Lionel Messi or Jorge Messi. That's what this type of reveal is.

by BarrileteCosmico Tue Apr 05, 2016 12:40 am

If the company didn't have any assets, as he claims, then he didn't have to report it

by free_cat Tue Apr 05, 2016 12:00 pm

sportsczy wrote:If you've paid the taxes initially and then move that money to a tax haven so you don't pay additional taxes on incomes earned on that money (as long as you pay the taxes in the jurisdiction where the income activity occurs)... it's completely legal for US companies as long as they don't repatriate the money.

Everyone with a certain amount of wealth does this. Heck, i do it. Where people get into trouble is they get credit cards on the offshore account and then spend it in the US. You've repatriated the money then AND you're using the monies for personal use = breaching the corporate veil. Then you're in trouble because this only applies to corporations, not individuals. But if you stay disciplined and do everything right, there's nothing wrong with it at all.

There are a lot of false stigmas attached to this.

I work as a tax consultant and what you say is not always acceptable. Depends on the country of your residence and the substance of the offshore/foreign company where you put your money. Also if it has an economical justification or it's just for tax purposes.

I recommend you to get a 2nd opinion aside of your usual tax consultant as you might be in a hellova trouble if you've been doing this. If you want you can contact me privately and I'll give you my professional contact details to discuss this.

by free_cat Tue Apr 05, 2016 12:01 pm

BarrileteCosmico wrote:If the company didn't have any assets, as he claims, then he didn't have to report it

That is right. Having companies per se in foreign countries, even in Tax havens, is not unlawful.

by rincon Tue Apr 05, 2016 12:12 pm

Having the company is fine, but it might bring up the question of why he had it all the way in 2013. He is in trial for evading taxes up to 2009 (I think). So between 09 and 13 he is saying that he had the same financial advisors as before, and he was opening up companies in tax havens. Sketchy.

by free_cat Tue Apr 05, 2016 12:20 pm

rincon wrote:Having the company is fine, but it might bring up the question of why he had it all the way in 2013. He is in trial for evading taxes up to 2009 (I think). So between 09 and 13 he is saying that he had the same financial advisors as before, and he was opening up companies in tax havens. Sketchy.

Well, they might have set it up just in case and then forgot or waited to close it. Maintining one of these companies costs just 1.500€ per year, which is penauts for someone like messi.
In any case, it's kind of easy for him to prove this as he just has to show what the company has.

by rincon Tue Apr 05, 2016 12:56 pm

I'm not saying he is guilty, I'm saying it will trigger a bunch of investigations.

by Art Morte Tue Apr 05, 2016 2:03 pm

If Messi's people have given a statement that this company had no assets, surely that's the truth, for I imagine that it's something that's very easy to check if investigated.

Still, the fact that Messi had a company over there is disappointing. He's already had one tax evasion case. It's tarnishing his image that he's obviously very keen on avoiding taxes.

by free_cat Mon Apr 11, 2016 9:43 am

Neymar agreement leaked:

https://openload.co/f/nK57BnMC3K0/FC_Barcelona_-_Neymar_-_Contract.pdf

Well, this pretty much settles everything I've been saying. Barça has a very interesting agreement format, with a lot of bonuses. Neymar's base salary is "only" 5 milion gross euros, though he has lots of bonuses and a guarantee that he will earn at least 45,9 milion in 5 seasons, although with the bonuses it could go higher than that. So his salary is around 10 milion gross per season.

This is why, adding the payment to his father that were another 10 milion per season, he was earning 20 milion gross which was more than Messi, and so they had to bump Messi over that at 20+ milion gross. Pretty much confirms Messi's salary is not 20 net or 50+ gross.

by windkick Mon Apr 11, 2016 11:45 pm

We just shouldn't of set that structure up with his father. That's ridiculous, but Neymar and his father probably put a lot of pressure to get "wooed" by all the suitors they had at the time (Pretty much all the wealthiest clubs on the planet were trying to give Neymar and his father/agent the best possible deal to try and win the prize that was seen as the next big thing out of South America).

Then again we had Rossell's sketchy ass handling this so I'm not shocked at how it all went down

by rincon Tue Apr 12, 2016 11:09 am

All that the Neymar agreement confirms is what Neymar earns. Nothing about Messi.

by free_cat Tue Apr 12, 2016 3:23 pm

rincon wrote:All that the Neymar agreement confirms is what Neymar earns. Nothing about Messi.

Off course, it confirms Messi can't possibly earn 56 milion within Barça's wage bill.

by RealGunner Fri Nov 02, 2018 8:12 pm

More: Football Leaks alleges that PSG’s Qatari owners injected €1.8bn into the club, frauding FFP, and both Michel Platini & Gianni Infantino covered it up. This cover-up prevented the club from being banned from all European competitions.
— Get French Football News (@GFFN) November 2, 2018

Football Leaks headline: Nicolas Sarkozy told Emir of Qatar Tamim Al-Thani in a meeting in 2010 that if he bought PSG & launched a sports channel in France (BeIN Sports), that he would instruct Michel Platini to award Qatar the 2022 World Cup.
— Get French Football News (@GFFN) November 2, 2018

Breaking | Football Leaks headline: Manchester City’s owners allegedly injected €2.7bn into the club over the last 7 years through its shareholders & over-valued sponsorship contracts which infringe FFP regulations.
— Get French Football News (@GFFN) November 2, 2018

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