7th richest club in the country and the West Ham wannabees in trouble
Speaking about Newcastle United being the 7th richest club in the country, now a Championship side of course (the previous article), they appear to be in a further spot of bother the way they are run.
They are not alone. West Ham United, but then that is no surprise given Karren Brady's dodgy at best answers to The Select Committee on Olympic and Paralympic Legacy.
Both have been raided by Her Majesty's Revenue and Customs (HMRC). Together with the Police, they have raided the offices of Newcastle United and West Ham football clubs over suspected Income Tax and National Insurance fraud.
The Managing Director of Newcastle United Lee Charnley has reportedly been arrested as part of the investigation. There are reports others have been arrested too as part of the investigation that is looking at transfer activity.
The Newcastle United training ground, Darsley Park, has also been raided. Apparently, 50 HMRC officers raided the Olympic Stadium at 8 am this morning and West Ham have had to hand over documents which they are cooperating with.
This all follows on from the HMRC saying just a few months ago that 43 players, 12 clubs in British leagues, and 8 agents were being investigated. The HMRC investigating deals/ agents + players fees and image rights, going back 7 years.
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