Fabio Capello resigns as England manager

[Main Street]

Right enough, forget about the football shite, an off-shore bank account in his dog's name containing an undeclared £300,000 (or whatever the sum was) and he gets off scot-free. Would the rest of us been treated so lightly?

I'd Sean Quinn must be f**king ecstatic.

Do the rest of us have £189,000 lying about?? The basis of the case from the prosecution was a shouting match of a phone call between Harry and a journo. Once the credibility of that was shot down the fact that both Harry and Mandaric have paid tens of Millions in tax between them why would they bother not paying tax of £90/100k (I think, it may be less than this?). Oh and the Revenue paid something in the region of £8m of taxpayers money on the case!!!!

Its irrelevant if Redknapp has paid a million in tax every year for the last 20 years.

If the account was not mentioned on his tax returns, then is it not an open and shut case? or can an employer give a gift of £190,000 to an employee  and it's not liable for tax? The employee doesn't have to declare it on his tax returns nor does he have to declare his foreign bank accounts?

It appears he can simply say the first payment was a gift and the second payment was a top up gift.  It sounds truly bizarre.

[screenexile]

B

oth men claimed that the payments were in fact an investment plan put in place by Mandaric as a "personal gesture" by the chairman to Redknapp. Mandaric said he invested the £65,000 on Redknapp's behalf but the money was lost, so he made the second payment to replace the lost money, adding around £32,000 as "nominal profit".

The existence of the Rosie 47 account was first revealed by Redknapp himself, when he admitted its existence to investigators from Quest, an agency examining the Premier League transfer market, in November 2006.

That information was passed to City of London police, as was a tape recording of an interview conducted by News of the World reporter Rob Beasley, who asked Redknapp and Mandaric about the account in February 2009.

From the telegraph

[Main Street]

It's still a gift of money, regardless of other descriptions offered.´

[Orangemac]

You couldn't make it up - harry cleared and fabio resigns on one day.

To me the harry case and the terry case stink.

In the first place why is Terry's case taking so long? Even John Motson more or less said on football focus saturday that it was wrong the case was being put back. Is it really just being put back until after the euros?? Had it been done and dusted there's every chance this wouldn't have happened.

In all seriousness - how did harry redknapp get off?? Bank account in dogs name and then he gets off with everything??

Whole thing stinks to high heaven. From the outside looking in looks like football is bigger than the law.

Supposedly Chelsea had asked for it to be put off until the end of the season and the judge agreed. Has backfired big time.

Obviously I am no fan of England team but Redknapp or whoever takes over would be better off leaving Terry at home. Better to flop giving a young fella a chance than to flop and have it blamed on Terry.

[BennyCake]

This smells a bit like when Jose left Chelsea. Not being allowed to do things his way. And if that's the case, Capello was right to tell the FA where to go.

Now England have an excuse for failing miserably at Euro 2012. But who cares, as long as they're back home on the first plane.

[GalwayBayBoy]

[Bingo]

http://www.football365.com/faves/7498587/F365-Says

Football365 can post some nonsense at times but this sums it up well.

[From the Bunker]

Paddy Power Odds on next permanent Manager

H Redknapp 1.28

L Van Gaal  51.00

B Rodgers 67.00

S Pearce 7.00

Nigel Adkins 51.00

A Shearer 81.00

G Hiddink 10.00

C Powell  51.00

J Klinsmann 81.00

J Mourinho 17.00

G Hoddle 51.00

D Beckham 81.00

[playwiththewind1st]

Bloody perjurer - he swore on the Bible he couldn't write or spell.

[Forever Green]

              

That is all

[The Subbie]

I think Steve Staunton could be good for the England job, with 'arry as his senior advisor

[Hound]

It's still a gift of money, regardless of other descriptions offered.´

It seems the UK gift tax rules are different from Ireland. In Ireland its the recipient who is subject to tax - in the UK its the donor. Therefore, if a foreign resident donor gives a gift to a UK resident, its tax-free for the UK resident.

A bonus from Portsmouth FC would have been taxable.

The funds came from Mandaric himself rather than the football club's accounts. The fact that Mandaric owned the football club meant the lines were blurred, but clearly the jury decided it was a personal gift (thus tax-free) rather than a corporate bonus.

Separately I see its being reported today that Stuart Pearce's brother has stood for election for the BNP and Pearce in the past apologised for making a racist remark to Paul Ince.
Pearce will probably make Theo Walcott captain now in an attempt to prove he's not racist!
 

[playwiththewind1st]

New rules from HMRC - "If a [dodgy] bonus is paid directly to a canine, then there shall be no tax liability. Sorted".

[Orangemac]

http://www.skysports.com/skysportsnews/0,28673,12975,00.html

Looks like Harry has missed hs chance.

[AQMP]

Well well, Woy for Ingerlund.  A lot of pundits and journos frantically trying to explain how they got it so wrong!