passmosster Posted November 23, 2015 Posted November 23, 2015 How can anyone resident in the Isle of Man benefit from tax write offs when it's a tax haven? Quote
Cheese Posted November 23, 2015 Posted November 23, 2015 Eddie also got profits from the few profitable transfer dealings, Anelka and Cahill to name 2. Profit on a 170 million loss? Quote
tomski Posted November 23, 2015 Posted November 23, 2015 That is a bit of a contradiction, but the financial details are all publicly available if you want to back it up.No contradiction on my part. I'll say it for the last time. My thoughts (not facts as no one on here knows) are it's a lot less than you are suggesting. Quote
tomski Posted November 23, 2015 Posted November 23, 2015 How can anyone resident in the Isle of Man benefit from tax write offs when it's a tax haven?Are his businesses based in the isle of man. Genuine question? Quote
Whites man Posted November 23, 2015 Posted November 23, 2015 How can anyone resident in the Isle of Man benefit from tax write offs when it's a tax haven? You still pay tax there, just at a lower rate. Quote
ROSSENDALEWHITE Posted November 23, 2015 Posted November 23, 2015 Eddie also got profits from the few profitable transfer dealings, Anelka and Cahill to name 2. Quote
ROSSENDALEWHITE Posted November 23, 2015 Posted November 23, 2015 But he spunked it on elmander Quote
Casino Posted November 23, 2015 Posted November 23, 2015 Are his businesses based in the isle of man. Genuine question? fildraw whatever, that owns moonshift, i think, is in bermuda Quote
Casino Posted November 23, 2015 Posted November 23, 2015 But he spunked it on elmander again, read the accounts anelka wasnt a 'normal' transfer Quote
land_and_sea Posted November 23, 2015 Posted November 23, 2015 But he spunked it on elmander And Elmander did a complete non-spunk by not performing for over two years until his contract came up for renewal. Disgrace. Quote
DazBob Posted November 23, 2015 Posted November 23, 2015 He should've made Chelsea pay more for Cahill. Quote
Cheese Posted November 23, 2015 Posted November 23, 2015 No contradiction on my part. I'll say it for the last time. My thoughts (not facts as no one on here knows) are it's a lot less than you are suggesting. I'm not "suggesting" anything. Trevor Birch has put it out there in black and white, and your "thoughts" contradict what has been said. I'm just wondering why you think that. Quote
jules_darby Posted November 24, 2015 Posted November 24, 2015 I'm not "suggesting" anything. Trevor Birch has put it out there in black and white, and your "thoughts" contradict what has been said. I'm just wondering why you think that.Because sometimes folk lie. Or spin. Especially in a positive way about their employer. I'm not saying he is or he isn't, but it's not beyond the realms of possibility, so why not let Tomski have an opinion? He's hardly the site doom and gloom merchant or conspiracy theorist is he? Quote
Plums Posted November 24, 2015 Posted November 24, 2015 Will this make the papers? Surely the writing off of £xxx million would be news? Hmm so far it's quiet. Quote
Eavesy Posted November 24, 2015 Posted November 24, 2015 Suspect Martin Samuel won't be rushing to write about it Quote
Horwich Posted November 24, 2015 Posted November 24, 2015 (edited) Paper quick to write how we were in the shit Edited November 24, 2015 by Horwich Quote
DirtySanchez Posted November 24, 2015 Posted November 24, 2015 Suspect Martin Samuel won't be rushing to write about itHe probably would saying its an absolute disgrace that an owner could write off debts its not what west hsm would do etc Quote
tomski Posted November 24, 2015 Posted November 24, 2015 I'm not "suggesting" anything. Trevor Birch has put it out there in black and white, and your "thoughts" contradict what has been said. I'm just wondering why you think that.My main thinking is that a lot of it includes paper debt or soft debts that disappear in lots of businesses as it isn't really debt. Quote
Mounts Kipper Posted November 24, 2015 Posted November 24, 2015 (edited) My main thinking is that a lot of it includes paper debt or soft debts that disappear in lots of businesses as it isn't really debt. A lot of the debt occurred when we got relegated and wrote down our assets, mainly the value of the squad on the balance sheet. Anyhow we now have to survive on our incomings of around 3-5 million, unless someone wants to pump money in. I don't like that but if that's a level we can compete so be it. Edited November 24, 2015 by Mounts Kipper Quote
Ani Posted November 24, 2015 Posted November 24, 2015 Based on what we know about players wages and the world class players we bought, does anyone really dispute that ED has pumped more in than he has got out ? He is now prepared to wipe any debt out It really does not matter if that is £170m or £10m or £1bn. people sniping and trying to imply he has been anything other than incredibly generous are looking more and more stupid. Jules has been a doubter but now has the good grace to hold his hands up, others do not have follow suit but for fucks sake shut up Quote
Walkden26 Posted November 24, 2015 Posted November 24, 2015 As I said previously Eddie Davies has been a saint to this club and anyone who wants to slag him off can fuck right off. Quote
gonzo Posted November 24, 2015 Posted November 24, 2015 Jules has been a doubter but now has the good grace to hold his hands up, others do not have follow suit but for fucks sake shut up I don't think Jules was a doubter,I think he was the same as me and just wanted to know exactly what was going on,because in reality nobody knew. The whole situation has just been massively frustrating made ten times worse because of what's happening on the pitch. For whatever reason PG didnt fancy talking to the fans about what was going on,wether that be his illness or whatever. I'm just glad we have a man in now that's straight talking and tells us exactly how it is instead of deafening silence from previous regimes. That silence led to hysteria amongst the press and fans alike with folk talking about administration,points deductions and corruption. That filters all they way through the club and we end up with fuck off gartside being chanted in the middle of football matches. Quote
birch-chorley Posted November 24, 2015 Posted November 24, 2015 But the hysteria hasn't stopped gonzo, just look through this thread since the press release?? The only potential new to come out of it is that non of the investors are close to doing a deal It's December next week, the January transfer window is looming, it's doubtful that any deal would get turned around in time now I would think The other bits about any new investor not having to pay £200m for the club (assets + debt) and that the new owners will pick their own chairman (maybe PG, maybe not) was all fairly obvious and hasn't stopped the tin foil hat brigade from cocking up their conspiracies Quote
Eddie Posted November 24, 2015 Posted November 24, 2015 A lot of the debt occurred when we got relegated and wrote down our assets, mainly the value of the squad on the balance sheet. Anyhow we now have to survive on our incomings of around 3-5 million, unless someone wants to pump money in. I'm comfortable with that even if it means we can't compete at championship level. None of the debt relates to the impairment of the players, you don't need a loan for a loss with no cash effect. The 'player success fee' relating to Anelka has remained on the balance sheet and never actually been paid. He lives in the Isle of Man and his company is registered in Bermuda, both tax havens. There is no tax benefit. Quote
Mounts Kipper Posted November 24, 2015 Posted November 24, 2015 None of the debt relates to the impairment of the players, you don't need a loan for a loss with no cash effect. The 'player success fee' relating to Anelka has remained on the balance sheet and never actually been paid. He lives in the Isle of Man and his company is registered in Bermuda, both tax havens. There is no tax benefit. I'm not saying we needed a loan to cover the write down of the players as assets but I'm sure it's on the balance sheet and part of the 185 million. Apologies if I'm wrong on that, if I am I will bow to your superior knowledge. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.