Chris Custodiet Posted February 20, 2019 Share Posted February 20, 2019 4 minutes ago, barrycowdrill said: Where’s Sluffy when you need him? Iron all this confusion out What confusion is that? Somebody offers c.£27m less the debts. A couple of million sounds about right. Quote Link to comment Share on other sites More sharing options...
barrycowdrill Posted February 20, 2019 Share Posted February 20, 2019 11 minutes ago, RONNIE PHILLIPS said: Out leafleting? STOP REVEALING PERSONAL DETAILS ONLINE Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted February 20, 2019 Moderators Share Posted February 20, 2019 1 hour ago, gonzo said: I’m pro Kenneth but if he’s gambling this deal over a £400k tax bill he needs to sort his head out. That's nearly a year in consultancy fees so no wonder he wants to avoid paying it with all the consulting he must've done Quote Link to comment Share on other sites More sharing options...
Roger_Dubuis Posted February 20, 2019 Share Posted February 20, 2019 38 minutes ago, barrycowdrill said: Where’s Sluffy when you need him? Iron all this confusion out Posting CVs of people he disagrees with on another forum, and then leaving the forum when somone says what his job is. Quote Link to comment Share on other sites More sharing options...
Site Supporter MickyD Posted February 20, 2019 Site Supporter Share Posted February 20, 2019 27 minutes ago, Mr Grey said: No mention of Arabs, gotta be an Arab then..... I heard a rumour, Tank Top Ken quashing all those bananaramisms But no mentions of Guatemalan Alpaca Farmers either. Quote Link to comment Share on other sites More sharing options...
Guest Posted February 20, 2019 Share Posted February 20, 2019 (edited) 2 hours ago, snowball said: I know all about rumours but fwiw i heard that an agreement had been reached between a consortium (with a local connection) £27 million mentioned as purchase price. After set to be announced Sweaty came back and said he expected the new buyers to foot the corporation tax on the deal again a figure of £400k indicated. Consortium said no and gave ken 10 days to reconsider or they abandon deal altogether. They gambling ken needs to sell now as more loans/wages/bills due soon and that he would come back to them.Friday last ken asked for talks to resume. Could all be bollocks but think its getting to shit or get off the pot time Source has been named on WW before but not as prospective buyer but usually reliable tbf Won’t be corporation tax, i’d Have thought Edited February 20, 2019 by boltondiver Quote Link to comment Share on other sites More sharing options...
gonzo Posted February 20, 2019 Share Posted February 20, 2019 43 minutes ago, Roger_Dubuis said: Posting CVs of people he disagrees with on another forum, and then leaving the forum when somone says what his job is. Sounds a right hoot on bolton nuts. Quote Link to comment Share on other sites More sharing options...
Chris Custodiet Posted February 20, 2019 Share Posted February 20, 2019 Just now, boltondiver said: Won’t be corporation tax How did you figure that out? Burnden Leisure is 94.5% owned by a UK company, Inner Circle Investments Ltd. UK companies pay corporation tax on profits and gains so if it sells shares at a profit or gain it pays corporation tax on it, doesn't it. Quote Link to comment Share on other sites More sharing options...
Guest Posted February 20, 2019 Share Posted February 20, 2019 2 minutes ago, Chris Custodiet said: How did you figure that out? Burnden Leisure is 94.5% owned by a UK company, Inner Circle Investments Ltd. UK companies pay corporation tax on profits and gains so if it sells shares at a profit or gain it pays corporation tax on it, doesn't it. Yes, I did amend it afterwards, to include “I’d have thought” At 400k, not so much profit, then? Quote Link to comment Share on other sites More sharing options...
Chris Custodiet Posted February 20, 2019 Share Posted February 20, 2019 2 minutes ago, boltondiver said: Yes, I did amend it afterwards, to include “I’d have thought” At 400k, not so much profit, then? Like I said before, about £2.1million pre-tax profit Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted February 20, 2019 Site Supporter Share Posted February 20, 2019 42 minutes ago, MickyD said: But no mentions of Guatemalan Alpaca Farmers either. Pity. Would have been an opportunity to flog high quality bwfc sweaters to keep the cold at bay in the ice station uniBolt. Quote Link to comment Share on other sites More sharing options...
bwfc2003 Posted February 20, 2019 Share Posted February 20, 2019 22 minutes ago, Chris Custodiet said: How did you figure that out? Burnden Leisure is 94.5% owned by a UK company, Inner Circle Investments Ltd. UK companies pay corporation tax on profits and gains so if it sells shares at a profit or gain it pays corporation tax on it, doesn't it. Is that not capital gains tax? Quote Link to comment Share on other sites More sharing options...
Chris Custodiet Posted February 20, 2019 Share Posted February 20, 2019 6 minutes ago, bwfc2003 said: Is that not capital gains tax? If the shares were owned personally it would be CGT. But they are not, so its corporation tax. Quote Link to comment Share on other sites More sharing options...
Take Hunt Off Posted February 20, 2019 Share Posted February 20, 2019 (edited) 10 minutes ago, Chris Custodiet said: If the shares were owned personally it would be CGT. But they are not, so its corporation tax. So approx 1.7 mill for Sweaty Do we think he will blink ? Edited February 20, 2019 by Take Hunt Off Quote Link to comment Share on other sites More sharing options...
Escobarp Posted February 20, 2019 Share Posted February 20, 2019 Let’s be honest none of us know what the fuck is going on or even less so how much tax and why anyone is having to pay. Can we move this to the getting on my tits thread please Quote Link to comment Share on other sites More sharing options...
bwfc2003 Posted February 20, 2019 Share Posted February 20, 2019 10 minutes ago, Escobarp said: Let’s be honest none of us know what the fuck is going on or even less so how much tax and why anyone is having to pay. Can we move this to the getting on my tits thread please Agree with this - no one knows what is happening - apart from what Sweaty is telling us - and we will only know it has happened once they announce a press conference Quote Link to comment Share on other sites More sharing options...
Take Hunt Off Posted February 20, 2019 Share Posted February 20, 2019 So lets all shut the fuck up until the banner headline in the BN..... Not a chance!! Quote Link to comment Share on other sites More sharing options...
Chris Custodiet Posted February 20, 2019 Share Posted February 20, 2019 3 hours ago, snowball said: I know all about rumours but fwiw i heard that an agreement had been reached between a consortium (with a local connection) £27 million mentioned as purchase price. After set to be announced Sweaty came back and said he expected the new buyers to foot the corporation tax on the deal again a figure of £400k indicated. Consortium said no and gave ken 10 days to reconsider or they abandon deal altogether. They gambling ken needs to sell now as more loans/wages/bills due soon and that he would come back to them.Friday last ken asked for talks to resume. Could all be bollocks but think its getting to shit or get off the pot time Source has been named on WW before but not as prospective buyer but usually reliable tbf The rumour you heard may be incorrect. Many often are but everything you have said has the distinct ring of credibility about it. Quote Link to comment Share on other sites More sharing options...
DazBob Posted February 20, 2019 Share Posted February 20, 2019 What are all the financial experts on here going to do if/when the deal is concluded? Quote Link to comment Share on other sites More sharing options...
RoadRunnerFan Posted February 20, 2019 Share Posted February 20, 2019 5 hours ago, barrycowdrill said: Where’s Sluffy when you need him? Iron all this confusion out Up Rivi with a rucksack full of bricks and 'Training Montage' off Rocky on his headphones. #clubshopstraightner Quote Link to comment Share on other sites More sharing options...
Ani Posted February 20, 2019 Share Posted February 20, 2019 2 hours ago, DazBob said: What are all the financial experts on here going to do if/when the deal is concluded? They are cashing in their crypto currency and buying Messi. Quote Link to comment Share on other sites More sharing options...
Chris Custodiet Posted February 20, 2019 Share Posted February 20, 2019 (edited) 12 hours ago, DazBob said: What are all the financial experts on here going to do if/when the deal is concluded? So you think its going to be all hunkydory when the next lot takes over, do you? BWFC websites seem to me to be a bit like car boot sales. Most of what you see is garbage but occasionally you can pick up something that's interesting. Snowball's contribution today looks like one of those rarities. If its a fake its a damn good one. Edited February 21, 2019 by Chris Custodiet Quote Link to comment Share on other sites More sharing options...
DazBob Posted February 20, 2019 Share Posted February 20, 2019 23 minutes ago, Chris Custodiet said: So you think its going to be all hunkydory when the next lot takes over, do you? I have no idea. Quote Link to comment Share on other sites More sharing options...
Chris Custodiet Posted February 21, 2019 Share Posted February 21, 2019 (edited) 16 hours ago, Take Hunt Off said: So approx 1.7 mill for Sweaty That seems to be about the size of it, less the tax KA would have to pay to get the cash out of ICIL. He could take a few lessons from his planet-saving pal at FGR on that one: https://www.telegraph.co.uk/news/earth/environment/11413504/The-wind-tycoon-the-donations-to-Labour-and-36m-in-subsidies.html If theTelegraph had followed it up they might have noticed how Ecotricity bought back 20 x £0.01 shares from Dale Vince for £7million in 2016. Result? HMRC has to repay the 25% tax the company paid on its loans to Vince and Vince gets £7million free of income tax and national insurance. Oh and I forgot! Vince's 100% ownership of the company is unaffected. Edited February 21, 2019 by Chris Custodiet Quote Link to comment Share on other sites More sharing options...
royal white Posted February 21, 2019 Share Posted February 21, 2019 14 hours ago, Take Hunt Off said: So approx 1.7 mill for Sweaty Do we think he will blink ? 1.7 million seems fair enough Quote Link to comment Share on other sites More sharing options...
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