I'm going to Lords for the next ODI tomorrow. Really looking forward to it and seeing Lords but would definitely appreciate a much closer and longer match, as well as no rain !
The details were skirted over, the small explanation I saw went like this iirc, if player x put up £100k, the investment firm could raise a further £900k from banks and similar, equating to £1m, the film scheme allowed for a 40% tax relief on...
I don`t think it was just footy players that have been caught up in this too, from what I`ve read it was seen as a popular and widespread investment vehicle at the time and lots of high earners got burnt by it.
That`s what I couldn`t get my head around.
My understanding of it was that the tax avoidance / investment scheme they all signed up to ( investing in the British film industry ) was later declared illegal by HMRC and that even though they`d lost...