Steve Hodge is selling the "Hand of God" Maradona shirt.

5.2 mil!?

Wouldn't be worth that much even if it still had his hand in it

Someone will pay that. Most iconic shirt I can think of

It's a good investment when folk talk
about nfts.

8 weeks wages for Messi!

Babe Ruth baseball Jersey went for a similar fee.

I'd guess this could be a record breaker at auction.

be surprised if it fetched that much

His gas and electric bill must be hitting him hard to sell now

Think I saw him interviewed about 20 yr ago and he said then the hand of god shirt was worth about 14k.
5m seems rather inflationary.
Still, nothing would surprise me in todays world.

Seems the shirt was only the first half shirt
Not the hand of god shirt then
Worth
£1million only?

"Estimate $5.2 Million."

$5.2 million the unwashed price?

It's extremely rare. Normally the criminal destroys all evidence after the crime.

Apr 6, 2022 -- 10:47PM, thelatarps wrote:

Think I saw him interviewed about 20 yr ago and he said then the hand of god shirt was worth about 14k.5m seems rather inflationary.Still, nothing would surprise me in todays world.

Yeh but Maradona is brown bread now

I used to know Steve pretty well. The shirt was believed to be worth about £250k about ten years ago.

John Terry offered him that for it one day. When he was told to get his chequebook out, he didn’t hear from him again!

Would be a no-brained imo not to sell it now.

"Criminal"?        
The Poms still whinging like good 'uns!
Diego Armando Maradona.
Absolute genius.

Was Shilton trialling super-glue on his studs that day?  I;ve seen an elephant jump higher and faster than him.
And as for Hodge;s lamentable "passback".  Maradona read it before Hodge even thought about it.
Genius!

Current bid at £4m. Closes 3pm today

Surprisingly for me, original estimate gonna be right or even too short.

3pm GMT, ie 4pm

got to have dust in yer head paying that, ffs.

Lob the 5 mill on Pool to win the C/L instead.

Link?

https://www.sothebys.com/en/buy/auction/2022/the-hand-of-god/diego-maradona-the-hand-of-god-goal-of-the-century

Lot closes 4:01 pm BST.

Sold for 7,142,500 GBP

Nice one Steve!

Time to pay CGT tax on that profit

Take off Taxes and Sothebys charges... Steves left with £807.6k

Wunder if the Musk found sum munie done the settee
Twitter less

I'm guessing the rest of the team are on an equal share

Shilts need the mucho
Is he now monteizxed?

Don't think it is taxable

I'm no expert, but thought to be taxable it had to be part of a trade rather than a personal item.

Good work by Hodge getting in for the swap.

Likely the closest England player got to him all day.



7.1 million is a couple of months wages to Messi!

If you have an asset that grows in value and is later sold for a gain then it is subject to CGT Clydebank. Lucky was correct.

Not sure about the £807.6k though... how did you come to that figure Emitdeb?

No CGT on chattels I don't think

it'll be liable for CGT based on whatever the increase is, from the estimated market value of it when he received it, imo

Think that is correct based on the .GOV CGT manual which translates as we will get some of the profit one way or another 

Not sure about the £807.6k though... how did you come to that figure Emitdeb?  Made it up... tbh.

- That makes sense

I wonder what Maradona did with hodges shirt?

Smoked it .

Surely it's a wasting chattel - expected life of less than 50 years  - if so, then no CGT.

They can’t calculate the value when he got the shirt , therefore no GGT to be paid

It's not a wasting chattel and chattels and only the first £6k is exempt, the rest is taxable.

May have been worth more 40 years ago perhaps 1 or 2 million who knows

If he argues that it was worth millions then he will owe Revenue more money than he made yesterday in unpaid CAT, interest and penalties compounded for 36 years. Unless Revenue agrees that his England shirt was worth the same amount, which they won't. He would be deemed to have taken a gift of an asset worth the difference in value between the two shirts and liable to gift tax on that at the time. The higher the value he claims the more he'll owe them, so he won't do that.

Nope , it was a gift then and he didn’t sell it

The two shirts are not comparable

Back then it was closer to the falklands war , emotions still raw and heightened etc
the match and World Cup and the timing of which all a factor
An argument could be made that it would have sold for more then , certainly adjusting for inflation

Citeh connections rumoured to have bought the shirt
Probably be put in the citeh museam with the
Champions League Trophy
EXCEPT
They havent wun it

An astute gesture by Hodge paid off in bundles for him, family and relatives I reckon.

Good luck to Hodge anyway.  The only sportsman amongst the whinging poms that day.
Butcher and Shilton are still a disgrace.

May 5, 2022 -- 11:28AM, lfc1971 wrote:

Back then it was closer to the falklands war , emotions still raw and heightened etcthe match and World Cup and the timing of which all a factor An argument could be made that it would have sold for more then , certainly adjusting for inflation

It would have been a few thousand at most in the 80s. Would only have been 250k a decde ago. There was nothing like the market there is now.

May 5, 2022 -- 11:14AM, lfc1971 wrote:

Nope , it was a gift then and he didn’t sell it

CAT or gift tax is payable when the gift is received or shortly thereafter. You don't have to sell anything.

For him to claim the shirt was worth any considerable amount means at the same time he will be stating that he got an undeclared gift and didn't pay tax on it for 36 years. That is pointless because it will cost him far more money than it could possibly save him after 36 years compounding and he will be advised accordingly.

Hodge has been making money on this shirt for 20 years loaning it out to the national football museum

Pele's number 10 shirt from the 1970 World Cup Final sold for around 150 grand 20 years ago, Roberto Rosato must be turning in his grave.

it's worth the money, can't think of a more iconic piece of sports memorabilia.

Who was the buyer? A Chinese or Russian with loads of dosh.

pretty sure capital gains tax would be due on that, as he can't deny he's made a profit on it, it's just a question of what the original value is deemed to be, so how much profit has been made. but i'm sure he'll have plenty of advice on how to keep any tax to a minimum, maybe there's a loophole somewhere.

The only sportsman amongst the whinging poms that day.

Harsh honcho, even for a Scotsman. Made all the difference that first CHEATING goal. Not that I'm still bitter all owt?

How can it possibly be assessed for capital gains when there was no capital involved in the first place?
Funny old world the tax world.
No matter what he gets charged he will still accrue a very nice pension nest egg indeed, for the worst pass back in World Cup history!
Funny old game Saint..

A starting point would be to argue that the shirt was a wasting personal asset with a life span of less than 50 years and therefore exempt from CGT.
Now HMRC might argue differently.

Clutching at straws there JTG

A wasting asset is generally something that depreciates in value over time, not the opposite. You are also precluded from claiming the exemption if you have lent it to eg a museum which has used it as plant, which he may have done. Fine art, antiques and jewellery are generally treated as non-wasting.

How can it possibly be assessed for capital gains when there was no capital involved in the first place?

There doesn't need to be. If you sell in the course of a business it's treated like stock of a business, so you pay income/corpo tax on profits. Otherwise it's treated as a capital asset subject to CGT on the gain.

Thanks lurka.  Your fiscal knowledge is impressive.

You don't pay CGT on personal assets if they have an expected useful life of less than 50 years. How long would a football shirt be expected to last ?

Now is a football shirt with provenance different to a any old football shirt ?