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So the SUn reckons that 8 Premier League clubs have been dodging tax the way Rangers did.
Could we be one of them?
Should we be worried?
0
This tax malarkey
Started by
Kevin Carr's Gloves
, Feb 15 2012 11:59 AM
#1
Posted 15 February 2012 - 11:59 AM
Kevin Carr's Gloves
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First Team Regular
The soul of man has been given wings, and at last he is beginning to fly. He is flying into the rainbow — into the light of hope, into the future, the glorious future that belongs to you, to me and to all of us. Look up, Hannah. Look up.
#2
Posted 15 February 2012 - 12:06 PM
Kitman
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- 5,827 posts
Team Captain
I'm sure that's exactly the sort of thing Ashley would have turned up during due diligence.
Oh bugger.
Oh bugger.
#3
Posted 15 February 2012 - 12:14 PM
manc-mag
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forum kettling
We shouldnt be worried (from the point of view of going bust) because Ashley won't let us go bust. He's got too much of his own cash involved.
Leazes' general point about running clubs til they go bust and then just starting them again as a new company free of debts isn't applicable if an owner has spent £100's of millions acquiring the asset in the first place. It's only a model if the ownership has nowt to lose by folding. ie if we genuinely did have crippling debts when SJH and Shepherd left, and their only stake was £1 million which they'd already recouped 50 times over, that's when you'd elect to go bust rather than finding 50 odd million £ to keep your creditors happy etc.
Whether we've got outstanding taxes to pay and that will have a bearing on what money is made available for the team is another matter entirely.
Leazes' general point about running clubs til they go bust and then just starting them again as a new company free of debts isn't applicable if an owner has spent £100's of millions acquiring the asset in the first place. It's only a model if the ownership has nowt to lose by folding. ie if we genuinely did have crippling debts when SJH and Shepherd left, and their only stake was £1 million which they'd already recouped 50 times over, that's when you'd elect to go bust rather than finding 50 odd million £ to keep your creditors happy etc.
Whether we've got outstanding taxes to pay and that will have a bearing on what money is made available for the team is another matter entirely.
forum kettling
#4
Posted 15 February 2012 - 04:54 PM
Ugly Mackems
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- 789 posts
First Team Squad
manc-mag, on 15 February 2012 - 12:14 PM, said:
We shouldnt be worried (from the point of view of going bust) because Ashley won't let us go bust. He's got too much of his own cash involved.
Leazes' general point about running clubs til they go bust and then just starting them again as a new company free of debts isn't applicable if an owner has spent £100's of millions acquiring the asset in the first place. It's only a model if the ownership has nowt to lose by folding. ie if we genuinely did have crippling debts when SJH and Shepherd left, and their only stake was £1 million which they'd already recouped 50 times over, that's when you'd elect to go bust rather than finding 50 odd million £ to keep your creditors happy etc.
Whether we've got outstanding taxes to pay and that will have a bearing on what money is made available for the team is another matter entirely.
Leazes' general point about running clubs til they go bust and then just starting them again as a new company free of debts isn't applicable if an owner has spent £100's of millions acquiring the asset in the first place. It's only a model if the ownership has nowt to lose by folding. ie if we genuinely did have crippling debts when SJH and Shepherd left, and their only stake was £1 million which they'd already recouped 50 times over, that's when you'd elect to go bust rather than finding 50 odd million £ to keep your creditors happy etc.
Whether we've got outstanding taxes to pay and that will have a bearing on what money is made available for the team is another matter entirely.
Arsenal nuts deep in it I reckon.
http://www.telegraph...-tax-dodge.html
#5
Posted 15 February 2012 - 05:20 PM
Craig
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No longer in charge
It's all to do with image rights isn't it? That'll be the likes of Man Utd, Man City, Chelsea, Arsenal, Spurs, Liverpool and two others.
Under Shepherd, I'd have considered that we could we be one of the others - under Ashley I very much doubt it.
Under Shepherd, I'd have considered that we could we be one of the others - under Ashley I very much doubt it.
Change is inevitable, unless you're dealing with a vending machine.
#6
Posted 16 February 2012 - 05:59 PM
DEADMAN
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On The Pitch
wheres the source for this sun claim
22/02/1984=28
#7
Posted 16 February 2012 - 06:01 PM
StevenL
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First Team Squad
DEADMAN, on 16 February 2012 - 05:59 PM, said:
wheres the source for this sun claim
In The Sun.
#8
Posted 16 February 2012 - 06:03 PM
DEADMAN
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On The Pitch
well post the link then it does help 
22/02/1984=28
#9
Posted 18 February 2012 - 07:18 PM
CabayeAye
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On The Bench
It's in the s*n, therfore it's total bullshit.
#10
Posted 18 February 2012 - 07:20 PM
2bias
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Number 9
CabayeAye, on 18 February 2012 - 07:18 PM, said:
It's in the s*n, therfore it's total bullshit.
ditto
#11
Posted 19 February 2012 - 09:27 AM
Phil
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On The Bench
It wont affect us, Ashley has us paying for players upfront so he wouldn't incur needless interest.
It really depends what interest is payable for deferring payments. If it's below 10%, some clubs will be doing it as debt management.
It really depends what interest is payable for deferring payments. If it's below 10%, some clubs will be doing it as debt management.
Search feature is pretty cool on nufc.net
#12
Posted 19 February 2012 - 03:17 PM
DEADMAN
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On The Pitch
so how long will it take before we know who thease 8 clubs are then
22/02/1984=28
#13
Posted 23 February 2012 - 01:20 PM
ewerk
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- 15,544 posts
Chairman
Phil, on 19 February 2012 - 09:27 AM, said:
It wont affect us, Ashley has us paying for players upfront so he wouldn't incur needless interest.
It really depends what interest is payable for deferring payments. If it's below 10%, some clubs will be doing it as debt management.
It really depends what interest is payable for deferring payments. If it's below 10%, some clubs will be doing it as debt management.
What? Seriously, what?
'Mike Ashley doesn't know anything about football ... and Derek Llambias knows even less than him' - Kevin Keegan
#14
Posted 23 February 2012 - 01:21 PM
ewerk
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Chairman
Anyway, didn't Guthrie say in a court case that his basic wage was £4k pw? That seems low for a PL footballer, could it be that the rest was being paid from an EBT?
'Mike Ashley doesn't know anything about football ... and Derek Llambias knows even less than him' - Kevin Keegan
#15
Posted 23 February 2012 - 01:22 PM
Happy Face
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Reconsidering 12th now we have Papa Cisse
happyface@toontastic.net
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