Kevin Carr's Gloves 3982 Posted February 15, 2012 Share Posted February 15, 2012 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? Link to comment Share on other sites More sharing options...
Kitman 2207 Posted February 15, 2012 Share Posted February 15, 2012 I'm sure that's exactly the sort of thing Ashley would have turned up during due diligence. Oh bugger. Link to comment Share on other sites More sharing options...
manc-mag 1 Posted February 15, 2012 Share Posted February 15, 2012 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. Link to comment Share on other sites More sharing options...
Ugly Mackems 134 Posted February 15, 2012 Share Posted February 15, 2012 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. Arsenal nuts deep in it I reckon. http://www.telegraph.co.uk/news/1467295/Parlour-divorce-exposes-Arsenal-offshore-tax-dodge.html Link to comment Share on other sites More sharing options...
Craig 6700 Posted February 15, 2012 Share Posted February 15, 2012 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. Link to comment Share on other sites More sharing options...
DEADMAN 0 Posted February 16, 2012 Share Posted February 16, 2012 wheres the source for this sun claim Link to comment Share on other sites More sharing options...
StevenL 0 Posted February 16, 2012 Share Posted February 16, 2012 wheres the source for this sun claim In The Sun. Link to comment Share on other sites More sharing options...
DEADMAN 0 Posted February 16, 2012 Share Posted February 16, 2012 well post the link then it does help Link to comment Share on other sites More sharing options...
Guest CabayeAye Posted February 18, 2012 Share Posted February 18, 2012 It's in the s*n, therfore it's total bullshit. Link to comment Share on other sites More sharing options...
2bias 3 Posted February 18, 2012 Share Posted February 18, 2012 It's in the s*n, therfore it's total bullshit. ditto Link to comment Share on other sites More sharing options...
Phil 6 Posted February 19, 2012 Share Posted February 19, 2012 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. Link to comment Share on other sites More sharing options...
DEADMAN 0 Posted February 19, 2012 Share Posted February 19, 2012 so how long will it take before we know who thease 8 clubs are then Link to comment Share on other sites More sharing options...
ewerk 31221 Posted February 23, 2012 Share Posted February 23, 2012 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. What? Seriously, what? Link to comment Share on other sites More sharing options...
ewerk 31221 Posted February 23, 2012 Share Posted February 23, 2012 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? Link to comment Share on other sites More sharing options...
Happy Face 29 Posted February 23, 2012 Share Posted February 23, 2012 Link to comment Share on other sites More sharing options...
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