'When you loose £3m because of greed', Sam Allardyce quits 67 days into his job as England Footbal Coach

The ex-England boss was due to be paid £3million a year to get the Three Lions to the 2018 World Cup in Russia but that was not enough for Allardyce, 61, who continued to maintain a host of lucrative investments and company directorships he had built up during his years in football management.

Big Sam and his wife

Records show he is currently a member of four film production schemes used by investors to gain tax relief — including three whose creators were jailed for nine years each in June.

He is also a member of a multi-million pound property scheme which has been investigated by Her Majesty’s Revenue and Customs, and a director of a company buying and selling real estate.
Allardyce has held investments or directorships in 19 different companies over the 22 years he has been a football manager.

His Benz in front of his house

His tax affairs have twice been investigated but yesterday it emerged how he boasted only a “s**t accountant” would pay HMRC’s demands.

Speaking to undercover reporters, he described the HMRC as the “most corrupt business” in Britain, adding: “They fly out tax demands without any real knowledge whether they should or shouldn’t.
“They just put ’em out willy-nilly and if you pay them, people s**t themselves and pay them.”
Last night football experts warned the next England chief needs to drop all his outside business interests.
Ex-England and Chelsea midfielder John Hollins, who managed teams for more than 30 years, said: “You’ve got to be squeaky clean to be the manager of your country, especially as England boss.
“Sam’s been protected as a Premier League manager by his club all these years but now he’s open to all these people.
“I never took a bung in my life as a manager and I don’t see the need for it. It should be all about what happens on the pitch.”

Sam Allardyce Bentley car

And the FA’s former communications director Julian Eccles said: “We cannot have such a senior figure in our game being so disrespectful of such important rules and also having his head turned by the prospect of earning extra money by an outside commercial organisation.”
Allardyce, who has lived in his £500,000 semi-detached home near Bolton, Lancs, for more than 30 years, is believed to be worth around £10million.
He currently has an active role in nine firms which include two directorships holding almost £1million in cash.
He runs Sam Allardyce Investments which holds £431,630 in shareholder funds.
His wife Lynne is sole director of Sam Allardyce Limited which has £329,446 in shareholder cash.
Records show his real estate firm SMH Investments, based at an office unit he owns near his home, has £667,236 in assets of which £337,179 is shareholder cash.
Records for his other investments cannot be detailed but collectively they total in the hundreds of millions, which includes assets and capital from other investors.
Allardyce was named in connection with an HMRC investigation in 2013 over a £450million scam involving a firm called Waverton Property he had invested in.
The company had been set up to convert a Birmingham warehouse into a data centre using tax breaks on renovating old commercial buildings which had been introduced by the last Labour government.
Investors included Liverpool legend Kenny Dalglish, West Ham chairman David Gold, golf star Rory McIlroy and Man United’s Wayne Rooney.
He is also an investor in three film production schemes by Little Wing Films.
Little Wing saw its four creators jailed for a total of 27 years in June.

Source: The Sun