KickStream briefing
This KickStream briefing is an original editorial summary. Every sentence below is fully rephrased from publicly available reporting — we never republish third-party article text.
team owe HMRC £1.9m in tax and handed £1.25m penalty Relates to investigation of transfers under Mike Ashley Newcastle United have been hit with a demand for £3.2m from HM Revenue and Customs over a “deliberate” failure to pay tax, as noted by official disclosures that relate to a near decade-long investigation into footballer transfers under the team’s former owner, Mike Ashley.
In addition, the Tyneside team, 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 released documents show. Reports also note that the bill emerged as a outcome of the tax authority’s regular publication of a league table of “deliberate tax defaulters”, with Newcastle United featuring at the top of the most recent list, released on Thursday.
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Reporting originally appeared via Football | The Guardian. Facts, quotes, and context in the source may differ from this rephrased briefing.