BigWalrus

Just noticed the Milliband point. Milliband was also a full time MP during that time, so I imagine he spent comparatively little time at SAFC, so it's not really a fair comparison. Llambias works full time for NUFC, so his daily / hourly rate is likely to actually be much lower than Milliband's.

I'm not a company director, but I'm a chartered accountant.

I see you bite and attach further bait to the hook Llambias doesn't own any shares because it says so on Companies House. St James' Holdings Limited (the holding company for the football club) is 100% owned by MASH Holdings, which is Mike Ashley's company. NUFC is paying any interest on the loan from Ashley as Ashley isn't charging any. Dividends are certainly not tax free. Preferable rates compared with taking a salary, but they're still taxable. Moot point though, as there have been no dividends paid by NUFC since Ashley took over, and there are unlikely to be any for some years due to the loan situation. Corporation tax does work like that. You very much take previous years into account given that the company is still trading in the same line of business. Llambias' take home will work out just over 50% of his gross pay. Just less than 40% will be taken by income tax, with another chunk (probably around 9-10% effectively) taken by employee's national insurance. 50% tax band doesn't come into it.

Wasn't meant to be read that way. Just thought it was less formal than bullet points

Any bout of anal punishing usually begins with the end.

A few points in response... Firstly, no dividends have been proposed or paid by NUFC since Ashley took over. Secondly, as Llambias does not own any shares, he would not be entitled to dividends. Thirdly, Ashley would be an idiot to pay dividends, as he'd be taxed on them. He'd be better off taking repayments of his loan. Fourthly, we'll have a few more years of not paying corporation tax as we've made huge cumulative losses over the last 15 years. Fifthly, Llambias' salary of £200k is consistent with what he'd get if he worked at any other comparably sized company. Sixthly, Llambias will have paid tax through the PAYE system like any other employee, so he'll have taken home around £100k after tax and national insurance deductions.

Massive, massive shame. He seems like such a nice bloke. I'm gutted for him.

Canny article about Steve Harper: http://www.journallive.co.uk/nufc/newcastle-united-news/2013/05/17/61634-33342751/

A Willington Quay bedsit?

Meat tenderiser would be messier.

If it looks like bullshit...

Work nights out inevitably end up there...by which point I'm usually "waiting for my taxi" in Aspers...

'Cause they're a fucking numpty who doesn't understand the game. The bloke who shouts "get it wide" being the case in point.

You wonder what possesses someone to dribble a football for a distance. What a ridiculous charity though. Of all the things deserving of money, a charity whose sole purpose is to donate footballs to Brazilian kids is silly. Is there really such a chronic shortage of footballs in Brazil that they need to set up a charity to address it?

I enjoy the pattern of your worktop. Makes it look like your meal is flying through space.

Pizza toast? I'd eat that, like.

Watched the Jim Jefferies gig that is on the Virgin On Demand service. Funny as fuck. I saw him live in Whitley Bay a few years ago and had forgot how good he was.

There's no smoke without fire. If the club wants to sell players, they can quite easily get the word in via various agents and drum up interest.

Technically, he's not a director.

Oh aye, the buck certainly stops with him. If these sort of articles become commonplace on the SD News site then we can happily point the finger.

Sow as in plant a seed? As in plant a seed in the asshole?

And the infirm, for whom a crowd based exit would be very risky (and they can't just hang about until the crowds clear for fear of pissing themselves)

Do you honestly think Mike Ashley is sat in some little office having a go at being editor of a sports news website? He probably didn't find out about this one until well after the event.