Surkis brothers' Dynamo (Kyiv) club — bankrupt?

This information was received by People's Deputy Mykola Tomenko in response to a deputy inquiry from the deputy head of the State Tax Administration of Ukraine.

According to the STA, over 11 months of 2003, the enterprise "Football Club "Dynamo" Kyiv" incurred losses in the amount of 20 million 776.2 thousand hryvnias.

Tomenko also notes that according to the data of the State Tax Administration of Ukraine, over all 12 months of 2003 the enterprise paid taxes in the amount of 2 million 582.3 thousand hryvnias.

At the same time, the deputy notes that according to his own data, the football club "Dynamo" Kyiv actually paid significantly less taxes than the STA reports, because "the tax administration, for some unknown reason, included in the amount of taxes paid by the football club 688 thousand hryvnias of personal income tax, as well as utility payments in the amount of 1 million 30.3 thousand hryvnias."

"Thus, without these funds (utility payments and personal income tax), the amount of taxes paid in 2003 by the "Football Club "Dynamo" Kyiv" is not 2 million 582.3 thousand hryvnias, but only 864 thousand hryvnias," the deputy notes.

"As we can see, despite the fact that, as is known from the press, the club's management is actively engaged in selling football players abroad, such measures do not affect the club's financial condition as recorded by the tax administration," he notes.

Tomenko notes that he intends to find out how football player transfer operations are taxed in Ukraine, since under conditions of an active policy of selling and buying football players, "the amount of taxes paid by FC "Dynamo" Kyiv turned out to be negligible."

In addition, the deputy intends to obtain from the tax administration full information regarding the financial condition of "Dynamo," and to find out in connection with what the amount of losses of the state's leading football club turned out to be so significant.

"If the deplorable sporting results of the once world-renowned football club are well known, then the data on its financial condition is a revelation for the public, which forces serious reflection on the future fate of FC "Dynamo" Kyiv and national football in general," Tomenko emphasizes.