guest3245
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« Reply #20 on: January 22, 2019, 23:17:19 pm » |
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Now then. The great thing about a Capitalist Society is that you can make loads of dosh, even from a failed business plan.
So, what you do in this instance is, get a few people (maybe 6 or 7) who would be prepared to sacrifice £100 each (initial Share listing to prove it is a bona fide business). You set up a new company called "Cobblers 2019 Ltd" - sorry - an extra £200 or so to find to set the company up..... ooops, my maths are bad already.
But, then, having set up said company, you buy the Cobblers from Thomas etc for the same £1 that they paid for it.
Having done that, you declare yourselves bankrupt, due to the huge debts you have acquired. You then appoint another Hotel-Ender (who hopefully has an Accounting Qualification - over and above counting sheep - to act as Administrator). They then negotiate a write-down/write-off of all owings to something more manageable.
The Bankrupt Company of "Cobblers 2019 Ltd" is then sold to another group of fans each prepared to sacrifice £100 each, to form a new company called "Cobblers Again 2019 Ltd" - sorry -forgot the set-up fees again.... darn.....
Carry on ad infinitum until there are no more debts.
You will lose all real businesses as supporters and sponsors. And probably cause a few local businesses to go under.
But, the club will be otherwise debt-free and manageable.
Eh, voila..... That is how Mr.Big-Money becomes Mr.Big-Money in a Capitalist Society.... (and also, how fans can buy the club with bugger all dosh.)
Dare you do it, though?
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