Finance guru tips Man United transfer 'legal challenge' as talks set for today
The likes of Man United could mount a “legal challenge” in opposition to a proposed transfer tax on Premier League clubs.
So says finance expert and new Football Insider columnist Doctor Dan Plumley, speaking exclusively about the recently released fan-led review.
Tracey Crouch MP’s investigation proposes a 10 per cent tax on switches between top-flight clubs and non-domestic transfers.
Premier League sides already pay a four per cent tax on transfers, with some funds set aside for a player pension fund and some going to the EFL.
As per Sky Sports on Wednesday (1 December), top-flight clubs will meet to discuss the proposals of the review today (3 December).
United have spent close to £1.4billion on new arrivals in the last decade.
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Plumley predicts the Red Devils will not be happy with the fan-led review’s proposals despite the fact a 10 per cent tax would be a pittance to them.
“This is one of the things I didn’t expect to see,” he told Football Insider correspondent Adam Williams.
“But you can see the reasoning in terms of the money it would generate.
“The big clubs can afford it. That extra money doesn’t hurt them but it does make a difference if you start to distribute that out.
“Could it drive transfer prices up? Maybe. Or could you also end up factoring that into the transfer fee? Possibly.
“This is an English regulation, but what about clubs abroad? They effectively charge an English premium already as they know the TV deal is higher.
“That might add a further premium, but the big clubs could still afford it. But they won’t like it and I would expect a legal challenge on that one.”
United face off against Arsenal tonight (2 November) in Michael Carrick’s last match as caretaker manager.
Ralf Rangnick has been appointed interim boss until the end of the season and was today granted a work permit.