DODGY BUSINESS DEALINGS AT WEST HAM AND NEWCASTLE

Dodgy Business Dealings At West Ham And Newcastle
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DODGY BUSINESS DEALINGS AT WEST HAM AND NEWCASTLE



Written by Dont Panic
26 Wednesday 26th April 2017

Shock news today as football clubs West Ham United and Newcastle United were raided by police and several people arrested, including Newcastle's managing director Lee Charnley.

These events come as HMRC investigates income tax and National Insurance fraud thought to be worth up to £5 million. The government agency sent 180 officers to clubs in the UK - including a visit to Chelsea FC offices, which wasn't raided and had no arrests made - and France, seizing business materials such as mobile phones, computers and records.

In January, HMRC informed a parliamentary inquiry that 43 players, 12 teams and eight agents were being investigated for potential breaches of the law. 

It's a real blow for Newcastle as on Monday they were promoted to the Premier League. The northeasten club is owned by Sports Direct boss Mike Ashley, who is no stranger to controversial business practices.

On BBC TV show Revolting, Jolyon Rubinstein and Heydon Prowse looked into West Ham's other dodgy business dealings, namely its controversial acquisition of the London Olympic Stadium for its home ground. The £750 million stadium was built using public funds and was redeveloped using largely public funds; West Ham will pay £2.5 million a year tenancy and won't have to fund functions such as policing, heating and pitch maintenance. Tory peer Karren Brady is a West Ham vice-chairman, if you thought it couldn't get any murkier.  

Sports reporter Jim Banks asks if football fans are glad they've bled the taxpayer dry...

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