Almost 130 Premier League footballers face a £250m bill over tax avoidance schemes invested in film projects, according to a report in the Daily Mirror.
According to the report, 129 players invested a total of £250m through former Kingsbridge financial advisers David McKee and Kevin McMenamin. The schemes offered tax relief on investments in films including Disney's ‘Enchanted'. While the identities of the footballers have not been revealed, the report said investors came from clubs including Manchester United, Liverpool, Aston Villa and Blackburn Rovers. One former Manchester United star is said to have invested £33.5m, using a combination of his own cash and a bank loan, reducing the duty paid on his salary. Another investor from...
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