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Question about Hearn's £1.5 mill offer
Posted: 10 Apr 2015, 14:54
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?
Re: Question about Hearn's £1.5 mill offer
Posted: 10 Apr 2015, 14:59
by jameswilson
Expe is 3.....2......1....
Re: Question about Hearn's £1.5 mill offer
Posted: 10 Apr 2015, 15:04
by expe
jameswilson wrote:Expe is 3.....2......1....
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.
Re: Question about Hearn's £1.5 mill offer
Posted: 10 Apr 2015, 15:07
by Eddy
£500,000?
Re: Question about Hearn's £1.5 mill offer
Posted: 10 Apr 2015, 15:33
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%.