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06 Apr 22 17:52
Joined:
Date Joined: 06 Jul 10
| Topic/replies: 33,278 | Blogger: ----you-have-to-laugh---'s blog
Estimate $5.2 Million.

...


Good luck!
Pause Switch to Standard View Steve Hodge is selling the "Hand of...
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Report HallGreenSpy April 6, 2022 5:56 PM BST
5.2 mil!? Shocked
Report Scamp the man April 6, 2022 6:12 PM BST
Wouldn't be worth that much even if it still had his hand in it
Report lurka April 6, 2022 7:05 PM BST
Someone will pay that. Most iconic shirt I can think of
Report ----you-have-to-laugh--- April 6, 2022 7:12 PM BST
It's a good investment when folk talk
about nfts.

8 weeks wages for Messi!
Report ----you-have-to-laugh--- April 6, 2022 7:17 PM BST
Babe Ruth baseball Jersey went for a similar fee.

I'd guess this could be a record breaker at auction.
Report The Dragon April 6, 2022 7:39 PM BST
be surprised if it fetched that much
Report FATTIEWHITEYSLOVEADRINK April 6, 2022 10:11 PM BST
His gas and electric bill must be hitting him hard to sell now
Report thelatarps April 6, 2022 10:47 PM BST
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.
Report ImSoLuckyLucky! April 7, 2022 12:19 PM BST
Seems the shirt was only the first half shirt
Not the hand of god shirt then
Worth
£1million only?
Laugh
Report CLYDEBANK29 April 7, 2022 12:40 PM BST
"Estimate $5.2 Million."ConfusedShocked
Report CLYDEBANK29 April 7, 2022 12:56 PM BST
$5.2 million the unwashed price?
Report Crisp77 April 7, 2022 1:05 PM BST
It's extremely rare. Normally the criminal destroys all evidence after the crime. Mischief
Report Stickywickets April 7, 2022 1:07 PM BST

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

Report s.kenbo April 7, 2022 1:59 PM BST
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.
Report LoyalHoncho April 7, 2022 4:30 PM BST
"Criminal"?  Laugh   Laugh   Laugh
The Poms still whinging like good 'uns!
Diego Armando Maradona.
Absolute genius.
Report LoyalHoncho April 7, 2022 4:33 PM BST
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!
Report lurka May 4, 2022 1:09 PM BST
Current bid at £4m. Closes 3pm today
Report HallGreenSpy May 4, 2022 1:21 PM BST
Surprisingly for me, original estimate gonna be right or even too short.
Report lurka May 4, 2022 1:43 PM BST
3pm GMT, ie 4pm
Report Callisto-moon May 4, 2022 1:47 PM BST
got to have dust in yer head paying that, ffs.
Report Callisto-moon May 4, 2022 1:47 PM BST
Lob the 5 mill on Pool to win the C/L instead.
Report Emitdeb May 4, 2022 2:28 PM BST
Link?
Report Emitdeb May 4, 2022 2:31 PM BST
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.
Report HallGreenSpy May 4, 2022 4:04 PM BST
Sold for 7,142,500 GBP Shocked

Nice one Steve!
Report ImSoLuckyLucky! May 4, 2022 4:12 PM BST
LaughLaughLaugh
Time to pay CGT tax on that profit
Devil
Report Emitdeb May 4, 2022 4:23 PM BST
Take off Taxes and Sothebys charges... Steves left with £807.6k Sad
Report ImSoLuckyLucky! May 4, 2022 4:56 PM BST
Wunder if the Musk found sum munie done the settee
Twitter less
Laugh
Report EUGENE KRABS May 4, 2022 5:08 PM BST
I'm guessing the rest of the team are on an equal share Crazy
Report ImSoLuckyLucky! May 4, 2022 5:11 PM BST
Shilts need the mucho
Is he now monteizxed?
Laugh
Report CLYDEBANK29 May 4, 2022 6:26 PM BST
Don't think it is taxable
Report CLYDEBANK29 May 4, 2022 6:28 PM BST
I'm no expert, but thought to be taxable it had to be part of a trade rather than a personal item.
Report ----you-have-to-laugh--- May 4, 2022 6:46 PM BST
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!
Report Aspro May 4, 2022 7:14 PM BST
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.
Report Aspro May 4, 2022 7:16 PM BST
Not sure about the £807.6k though... how did you come to that figure Emitdeb?
Report lurka May 4, 2022 8:37 PM BST
No CGT on chattels I don't think
Report everyone's a winner May 4, 2022 8:44 PM BST
it'll be liable for CGT based on whatever the increase is, from the estimated market value of it when he received it, imo
Report 11kv May 4, 2022 8:47 PM BST
Think that is correct based on the .GOV CGT manual which translates as we will get some of the profit one way or another  Mischief
Report Emitdeb May 4, 2022 9:04 PM BST
Not sure about the £807.6k though... how did you come to that figure Emitdeb?  Made it up... tbh. Happy
Report Aspro May 4, 2022 9:16 PM BST
Laugh - That makes sense
Report ----you-have-to-laugh--- May 4, 2022 9:50 PM BST
I wonder what Maradona did with hodges shirt?
Report 11kv May 4, 2022 9:56 PM BST
Smoked it .
Report Johnny The Guesser May 5, 2022 8:45 AM BST
Surely it's a wasting chattel - expected life of less than 50 years  - if so, then no CGT.
Report lfc1971 May 5, 2022 9:49 AM BST
They can’t calculate the value when he got the shirt , therefore no GGT to be paid
Report lurka May 5, 2022 10:14 AM BST
It's not a wasting chattel and chattels and only the first £6k is exempt, the rest is taxable.
Report lfc1971 May 5, 2022 10:24 AM BST
May have been worth more 40 years ago perhaps 1 or 2 million who knows
Report lurka May 5, 2022 11:04 AM BST
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.
Report lfc1971 May 5, 2022 11:14 AM BST
Nope , it was a gift then and he didn’t sell it
Report lfc1971 May 5, 2022 11:15 AM BST
The two shirts are not comparable
Report lfc1971 May 5, 2022 11:28 AM BST
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
Report ImSoLuckyLucky! May 5, 2022 2:35 PM BST
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
LaughLaughLaugh
Report impossible123 May 5, 2022 8:11 PM BST
An astute gesture by Hodge paid off in bundles for him, family and relatives I reckon.
Report LoyalHoncho May 5, 2022 8:17 PM BST
Good luck to Hodge anyway.  The only sportsman amongst the whinging poms that day.
Butcher and Shilton are still a disgrace.
Report tobermory May 5, 2022 8:22 PM BST

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.

Report lurka May 5, 2022 8:23 PM BST

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.

Report mesmerised May 5, 2022 8:44 PM BST
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.
Report impossible123 May 5, 2022 8:53 PM BST
Who was the buyer? A Chinese or Russian with loads of dosh.
Report everyone's a winner May 5, 2022 9:19 PM BST
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.
Report HallGreenSpy May 5, 2022 9:53 PM BST
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? Happy
Report LoyalHoncho May 5, 2022 10:52 PM BST
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..
Report Johnny The Guesser May 6, 2022 7:38 AM BST
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.
Report Aspro May 6, 2022 2:08 PM BST
Clutching at straws there JTG
Report lurka May 6, 2022 2:22 PM BST
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.
Report LoyalHoncho May 8, 2022 12:56 AM BST
Thanks lurka.  Your fiscal knowledge is impressive.
Report Johnny The Guesser May 8, 2022 8:23 AM BST
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 ?
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