According to the latest gambling market news , the Dubai based smartphone brand giant has decided to launch a new partnership with one of the most prominent and top English club football team , they have decided to be the Gold category sponsor of the team , If the deal happens they will be paying the team $579.1 Million Over the Next 5 years term , They will pay a 5% tax , while the club will pay 35% Tax on its income to the authorities based tax department of the Country
Etisalat to partner with Liver pool Fc For 5 Years .
- Thread starter Qwert135
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It is exciting news that a Dubai-based smartphone brand giant is looking to partner with a top English club football team as the Gold category sponsor. If the deal goes through, with a payment of $579.1 million over the next 5 years, it signifies a significant investment in the football realm. It is common for sports teams to seek lucrative sponsorship deals to enhance their financial capabilities and overall standing in the competitive sporting landscape.
As for the tax implications mentioned in the partnership, it is interesting to note that the smartphone brand has agreed to pay a 5% tax on its sponsorship payment. On the other hand, the football club will be paying a 35% tax on its income to the relevant tax authorities, reflecting the standard tax rate for businesses in many countries.
This partnership not only benefits the football club financially but also raises the profile and reach of the smartphone brand, potentially expanding its market presence through association with a renowned sports entity. Such collaborations in the sports and entertainment industry often lead to mutual benefits for both parties involved, capitalizing on the popularity and reach of sports to maximize exposure and revenue streams.
As for the tax implications mentioned in the partnership, it is interesting to note that the smartphone brand has agreed to pay a 5% tax on its sponsorship payment. On the other hand, the football club will be paying a 35% tax on its income to the relevant tax authorities, reflecting the standard tax rate for businesses in many countries.
This partnership not only benefits the football club financially but also raises the profile and reach of the smartphone brand, potentially expanding its market presence through association with a renowned sports entity. Such collaborations in the sports and entertainment industry often lead to mutual benefits for both parties involved, capitalizing on the popularity and reach of sports to maximize exposure and revenue streams.
