Football Star’s Agent Guilty of Tax Charge

A Tyneside football agent has received a six months suspended prison term after admitting mishandling the financial affairs of Liverpool and England footballer Stewart Downing: following an investigation by HM Revenue and Customs.

The criminal charges relate to 2007 and 2008 – when Downing played for Middlesbrough.  Ian Elliott aged 54 from Newcastle, admitted creating false invoices, and failing to keep accounting records, in order to provide proper information for tax returns, when he was secretary of Downing’s company: Stewart Downing Promotions Ltd – a firm set up to manage celebrity endorsements etc.  Elliott was handling “large sums of money” but his records were described by an accountant as “one of the worst accounts I have seen in my working life”, the court heard.  Downing said he had been “let down badly” by Elliott.

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