Article in Sunday Express saying takeover imminent.....

Eddie also got profits from the few profitable transfer dealings, Anelka and Cahill to name 2.

 

Profit on a 170 million loss?

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.

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?

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.

Eddie also got profits from the few profitable transfer dealings, Anelka and Cahill to name 2.

But he spunked it on elmander

Are his businesses based in the isle of man. Genuine question?

 

 

fildraw whatever, that owns moonshift, i think, is in bermuda

But he spunked it on elmander

 

 

again, read the accounts

 

anelka wasnt a 'normal' transfer

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.

He should've made Chelsea pay more for Cahill.

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.

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?

Will this make the papers? Surely the writing off of £xxx million would be news?

Hmm so far it's quiet.

Suspect Martin Samuel won't be rushing to write about it

Paper quick to write how we were in the shit

Edited November 24, 201510 yr by Horwich

Suspect Martin Samuel won't be rushing to write about it

He probably would saying its an absolute disgrace that an owner could write off debts

 

its not what west hsm would do etc

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.

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, 201510 yr by Mounts Kipper

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

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.

 

 

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.

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

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.

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.

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

It wasn't obvious at all

 

Not many right minded folk would walk with all of that owing. Even yesterday someone posted on here they'd heard ED was part of a consortium that wanted their dough out of it.

 

It's now much clearer and we are actually being informed of SOMETHING!

 

I'd say that there's no real hysteria about the sale now at all, but there may be if we hit 2016 and there's no further news. The comments on here have mainly related to how much is "actually" being written off and PG's part.

 

I've not read anyone yet say that yesterday's news is bad. In which case, little by little, it unites us

 

There was an article online with even Ameobi saying the players have been unsettled....excuses I reckon, but if the club being announced as being much more attractive to buy means that they crack on and don't worry about it as much, we may see a performance on Monday....who knows?!