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Transfers

Newcastle hit with demand for £3.2m over ‘deliberate’ failure to pay tax on transfers

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Club owe HMRC £1.9m in tax and handed £1.25m penaltyRelates to investigation of transfers under Mike AshleyNewcastle United have been hit with a demand for £3.2m from HM Revenue and Customs over a “deliberate” failure to pay tax, according to official disclosures that relate to a near decade-long investigation into player transfers under the club’s former owner, Mike Ashley.The Tyneside club, which has been owned by Saudi Arabia’s sovereign wealth fund since 2021, owes HMRC £1.9m in tax and has also been hit with a penalty of £1.25m, the newly…

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The Guardian Football·rss·1h ago·primary
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