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Chelsea's Club World Cup winners' prize? A £10m US tax bill
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Chelsea's Club World Cup winners' prize? A £10m US tax bill
Chelsea will be hit with a US tax bill of around £10m as a result of winning the Club World Cup on Sunday. The stunning 3-0 win over Paris Saint-Germain in New York last weekend ensured Chelsea will receive £85m in prize money from competition organiser Fifa. Some £39.7m is to be paid immediately and £45.3m at the end of next season, but the US authorities will treat it as taxable income. Although Fifa has obtained exemptions from US taxes for…
·London, United Kingdom
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