Finance Expert: West Ham United reputation damaged by HMRC civil case
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive West Ham United columnist. Each week he’ll be giving his views on the biggest talking points at the London Stadium...
Dan Plumley has insisted that the reputation of West Ham United could have been damaged by HMRC continuing their civil case against the club.
The Finance Expert has insisted that it will be more damaging reputationally than financially to the Hammers, with the exact figures yet to come out.
Described as “bad PR”, this is a new challenge that will need to be dealt with by West Ham, it is not expected to be dealt with in this financial year.
“It’s one of those where it’s probably more damage reputation-wise than it is finance-wise,” he exclusively told West Ham Zone.
“That’s what you’re dealing with here, so we’ll see what comes out with any figures that we can see, and any punishment if it is to be considered.
“It’s one of those where your reputationally, it’s just bad PR so that’s the challenge for the club to deal with, probably more than the financial impact of the club.”
Football Insider reported on January 12 that the civil compliance investigation into the tax affairs of the club was still ongoing, despite it starting in 2017.
It can lead to a maximum penalty of 200% of the tax due, as well as interest, so it’s interesting to see that it shouldn’t be too damaging financially.
This is certainly one to watch at West Ham United.