Frampton says £400,000 tax bill was ‘turning point’ against McGuigan

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Former world champion boxer is suing his ex-manager for allegedly withholding earnings

Carl Frampton vowed never to fight for ex-manager Barry McGuigan again after the taxman called at his home with a bill for nearly £400,000, he told the High Court in Belfast on Wednesday.

Giving evidence on the second day of the multi-million pound lawsuit, he recalled how their deteriorating relationship finally ended after he learned about the tax demand in July that year. His wife Christine informed him by telephone while he was training in London, the court heard. The bill was said to relate to another Cyclone company based in Northern Ireland which included Mr Frampton among its directors. According to the boxer he resigned from the company within a day.

Mr Frampton said: “I started to get concerned then, doubts whether I could actually sell Windsor Park out, and I was worried that I may fight and actually get no money for a fight.” “Both answers were very similar, ‘We don’t make profits, there’s not enough money in this game, we receive a wage’. I think Jake told me he was on 30 grand a year.”

 

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