This is probably the reason for the shell companies, you are indeed correct if the money was paid to the US there would have been a considerable tax liability.
I personally don’t think anything illegal has taken place, both KT and DB are far too savy and been in business too long to take that risk for what is to DB peanuts.
MC Hammer, who ever you are, you are correct in saying it’s their money, their deal and it’s their right to not divulge the nature of the transactions.
Conversely it’s also everyone else’s right to question this, I suggest everyone thinks about this, do we want a chairman that allegedly retains a large portion of the sale of the CLUB yet still loads the club with over £7m debt and refuses to be transparent?
But Manny this is what I genuinely don’t get, what does it matter to us whether it’s debt or not? When these 2 walk they’re going with every penny they can carry. If they can walk with 10 million they will. The fact 7 million could be called debt means nothing to the club, either way they are walking with their hypothetical 10 million. Their personal tax liability would be reduced by some of it being debt, but I can’t see that it matters to us supporters, that 10 million is going down the road either way.