The investments made by the 45 Premier League football players who are suing professional advisers in relation to the Ingenious film investment scheme were “designed to create losses”, the managing partner of Milestone International Tax has said.

A total of 122 investors, including the footballers, took part in the Ingenious Media scheme between 2000 and 2013 and are now taking legal action after the scheme ‘fell foul’ of the tax authorities. Milestone International Tax’s managing partner Miles Dean commented: “It is highly likely that a...