How to fund the purchase of Craig Bellamy....

Thinking outside the box here:

Background
Man City will let him go for £4m (or probably less) and he earns in the region of £70k per week.

Problem
Man City want CB off their books and we cant afford £70k per week

Solution

a) We offer £3m for CB

b) Instead of a weekly salary we provide CB with £2.6m worth of shares (Based on £50k x 52 weeks) in the club

Benefits
a) Man City are happy because they have £6.6m back into their budget (£3m from transfer and £3.6m salary)
b) CCFC are happy because we have secured his services
c) We have not broken our Salary Structure
d) I would like to think CB would accept this as he probably hasnt spent Newcastles Salary yet!
e) Additionally - once promoted, and shares double in price, CB will have received more than he would have had he stayed at Man City (i.e effectively £100k per week).

We operate in a society where everyone receives a "salary". However, in some instances, I just wonder whether this is entirely necessary.

.... Carl.. If you like the idea feel free to mention it to Tg

Question - Can you have somebody on the books (player, Bellamy) without earning wages? Can you LEGALLY subsitute him being paid wages for a lump sum of shares?

i could go round with a bellamy bucket collecting change. maybe perform a little dance??

May be some legality about a player owning shares in the club, possibly?

Question - Can you have somebody on the books (player, Bellamy) without earning wages? Can you LEGALLY subsitute him being paid wages for a lump sum of shares?

A certain poster may know, but that could be construed as deliberately avoiding PAYE/NI contributions?

Question - Can you have somebody on the books (player, Bellamy) without earning wages? Can you LEGALLY subsitute him being paid wages for a lump sum of shares?

A certain poster may know, but that could be construed as deliberately avoiding PAYE/NI contributions?

That's what I was thinking. Seeing as he would be an employee of Cardiff, he'd have to pay PAYE/NI, unless he paid it seperately? Though I couldn't see that being allowed.

That should just be deductible from his earnings per share?

I don't see a problem

When I worked at Admiral and we received our shares the following happened:

a) we received the shares
b) we paid tax and ni on them in the same way as if we had received cash

It shouldn't be a problem. There is certainly no tax avoidance as tax/ni would have to be paid on the shares.

I just think this could be a way around it?

I don't see a problem

When I worked at Admiral and we received our shares the following happened:

a) we received the shares
b) we paid tax and ni on them in the same way as if we had received cash

It shouldn't be a problem. There is certainly no tax avoidance as tax/ni would have to be paid on the shares.

I just think this could be a way around it?

You also received a salary. There are way too many technicalities in this for anyone to be comfortable with

I can't see way paying CB in shares would be a problem. If he needs to be receiving a salary as suggested, then give him a 3 year 40 hour week contract set at the National Minimum Wage and throw the shares on top.

There could also be an insentive clause that he receives say 40% of any additonal Premier Seating sold after he signs for us.

Question - Can you have somebody on the books (player, Bellamy) without earning wages? Can you LEGALLY subsitute him being paid wages for a lump sum of shares?

A certain poster may know, but that could be construed as deliberately avoiding PAYE/NI contributions?

Like company cars and such I would imagine they would be treated as income in kind and tax would be payable on them. May be the HMRC could be offered shares to cover the cost

Question - Can you have somebody on the books (player, Bellamy) without earning wages? Can you LEGALLY subsitute him being paid wages for a lump sum of shares?

A certain poster may know, but that could be construed as deliberately avoiding PAYE/NI contributions?

Like company cars and such I would imagine they would be treated as income in kind and tax would be payable on them. May be the HMRC could be offered shares to cover the cost

The point would be, for me, tax on dividends from those shares would be a lot less, from memory, than PAYE on salary. I use an accountant because it's all maths and, well, frightfully boring, but my salary is acceptably low with dividends - advice received was that no salary would not be acceptable to HMRC in any way, shape or form.

didnt he say he would play for free if he had too?
im sure he would accept 10-15k a week to play for city.
we just need to find the 4 million or a way around that