Question about Hearn's £1.5 mill offer

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Eddy
Cruiserweight
Posts: 898
Joined: 09 Mar 2011, 13:06

Question about Hearn's £1.5 mill offer

Post by Eddy »

If Carl Frampton took that offer for the Quigg fight, out of that £1.5 million, how much would he take home after tax and paying out on fees and costs?
jameswilson
Heavyweight
Heavyweight
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Joined: 08 Jan 2004, 18:01

Re: Question about Hearn's £1.5 mill offer

Post by jameswilson »

Expe is 3.....2......1....
expe
Super Middleweight
Posts: 6871
Joined: 07 Oct 2012, 10:10

Re: Question about Hearn's £1.5 mill offer

Post by expe »

jameswilson wrote:Expe is 3.....2......1....
:lol:

Shane will take 10%, Barry 25% if he isn't co-promoting, then knock off training costs before tax is paid. Frampton's a director of Cyclone Promotions though, which is presumably because it allows him to pay less tax, although there will be other reasons for that too.
Eddy
Cruiserweight
Posts: 898
Joined: 09 Mar 2011, 13:06

Re: Question about Hearn's £1.5 mill offer

Post by Eddy »

£500,000?
expe
Super Middleweight
Posts: 6871
Joined: 07 Oct 2012, 10:10

Re: Question about Hearn's £1.5 mill offer

Post by expe »

Eddy wrote:£500,000?
I think he'd come out with more than that, can't be arsed trying to work it out when I don't understand the company tax thing properly, but I'd say £750k-£1m, depending on how much his training expenses are and whether Barry takes his 25%.
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