The Hotel End
August 12, 2022, 16:53:51 pm
Welcome, Guest. Please login or register.
Did you miss your activation email?

Login with username, password and session length
News:
 
  Home Help Search Arcade Gallery Links Staff List Calendar Login Register  

New Trust statement on club finances

Pages: 1 ... 23 24 25 26 27 28 29 [30] 31 32 33 34 35 36 37 ... 41   Go Down
  Print  
Author Topic: New Trust statement on club finances  (Read 24954 times)
Melbourne Cobbler
Hero Member
*****
Offline Offline

Posts: 2560


View Profile
« Reply #580 on: July 24, 2021, 00:08:14 am »

One of the best gigs I ever went to, was INXS at Leicester.
Was Soggy there with a length of architrave strapped to his back, probably standing on his own?
Report Spam   Logged

Chairman, Paul Stratford Fan Club, and proud member of the Steve Massey Appreciation Society. (Although refuse to be in his fan club on account of his crap goal celebration in front of The Hotel End when playing for Wrexham)
Terryfenwickatemyhamster
Administrator
*****
Offline Offline

Posts: 3755


View Profile
« Reply #581 on: July 24, 2021, 10:13:18 am »

Once bitten twice shy Tel.

I’ve been there a few times mate. At least twice with Cardozie and recently with the council.  Grin Grin
Report Spam   Logged
Manwork04
Hero Member
*****
Offline Offline

Posts: 7130



View Profile
« Reply #582 on: July 24, 2021, 10:34:08 am »

But it does on any profits the business makes so maybe the company will used as an entity to reduce liability on transactions generally when the land deal goes through. There could be multiple accounting reasons why transactions are made using that company. Look, I’m not saying people are wrong, I’m just making the point that whilst people can claim there is something underhand a foot, there are also plenty of legitimate reasons too. I just happen to think they are more logical. Keep saying it though, I fcuk things up all the time so don’t listen to me.
You would need to see the contract, all depends on the share value and whether any “good will” payment was made.
As I said people use BVI for a reason.
Report Spam   Logged

Rule Britannia
Melbourne Cobbler
Hero Member
*****
Offline Offline

Posts: 2560


View Profile
« Reply #583 on: July 24, 2021, 10:50:45 am »

You would need to see the contract, all depends on the share value and whether any “good will” payment was made.
As I said people use BVI for a reason.
Seems to me they have put money into BDJ, BDJ loans the money to the club. When the deals go through the funds are paid to BDJ clearing the loan and leaving a profit which is subject to what I understand is 0% corporation tax in the BVI. If the club was loaned the money via a UK company and was paid the assets from the deal then it would be subject to 19% corporation tax on the profit. Assuming they look to make a few million that’s a lot of money? I’m just guessing but it seems a logical explanation to me?
Report Spam   Logged

Chairman, Paul Stratford Fan Club, and proud member of the Steve Massey Appreciation Society. (Although refuse to be in his fan club on account of his crap goal celebration in front of The Hotel End when playing for Wrexham)
Manwork04
Hero Member
*****
Offline Offline

Posts: 7130



View Profile
« Reply #584 on: July 24, 2021, 11:09:49 am »

Seems to me they have put money into BDJ, BDJ loans the money to the club. When the deals go through the funds are paid to BDJ clearing the loan and leaving a profit which is subject to what I understand is 0% corporation tax in the BVI. If the club was loaned the money via a UK company and was paid the assets from the deal then it would be subject to 19% corporation tax on the profit. Assuming they look to make a few million that’s a lot of money? I’m just guessing but it seems a logical explanation to me?
The loan repayment wouldn’t be subject to corporation tax either.
There’s no profit from the loan for BDJ because the asset belongs to the club and therefore subject to corp tax on NTFC.
Report Spam   Logged

Rule Britannia
Tabasco Kid
Hero Member
*****
Offline Offline

Posts: 2504



View Profile
« Reply #585 on: July 24, 2021, 11:25:55 am »

Blimey!!! Each to their own etc, etc, etc, but I find that very difficult to believe. Have you been to many gigs? Tongue
Loads. I could not even begin to count them all. Be it in a pub, or Hammy odeon, Rock City, De Montford,etc,etc,etc, but one thing, I never ever went to see Hawkwind.
Report Spam   Logged

Were in the pipe 5 by 5.
Shoemender
Hero Member
*****
Offline Offline

Posts: 1047


View Profile
« Reply #586 on: July 24, 2021, 11:45:47 am »

Loads. I could not even begin to count them all. Be it in a pub, or Hammy odeon, Rock City, De Montford,etc,etc,etc, but one thing, I never ever went to see Hawkwind.

There’s still time. You never know they might overtake INXS as your favourite ever gig. Grin
Touring in September. Cambridge Corn Exchange and Leamington Spa Assembly Hall are the 2 nearest venues.
Report Spam   Logged
Tabasco Kid
Hero Member
*****
Offline Offline

Posts: 2504



View Profile
« Reply #587 on: July 24, 2021, 11:55:40 am »

There’s still time. You never know they might overtake INXS as your favourite ever gig. Grin
Touring in September. Cambridge Corn Exchange and Leamington Spa Assembly Hall are the 2 nearest venues.
I woud rather stick bumble bees up my @rse.
Report Spam   Logged

Were in the pipe 5 by 5.
Melbourne Cobbler
Hero Member
*****
Offline Offline

Posts: 2560


View Profile
« Reply #588 on: July 24, 2021, 11:56:57 am »

The loan repayment wouldn’t be subject to corporation tax either.
There’s no profit from the loan for BDJ because the asset belongs to the club and therefore subject to corp tax on NTFC.
I’m not sure that’s quite right, depends how it’s structured.
Report Spam   Logged

Chairman, Paul Stratford Fan Club, and proud member of the Steve Massey Appreciation Society. (Although refuse to be in his fan club on account of his crap goal celebration in front of The Hotel End when playing for Wrexham)
Melbourne Cobbler
Hero Member
*****
Offline Offline

Posts: 2560


View Profile
« Reply #589 on: July 24, 2021, 11:59:55 am »

I’m not sure that’s quite right, depends how it’s structured.
Meanwhile Kid and Shoey are on about Hawkwind, this forum gets more surreal by the day. Where’s Soggy, I want to hear more on Michael Hutchence
Report Spam   Logged

Chairman, Paul Stratford Fan Club, and proud member of the Steve Massey Appreciation Society. (Although refuse to be in his fan club on account of his crap goal celebration in front of The Hotel End when playing for Wrexham)
Tabasco Kid
Hero Member
*****
Offline Offline

Posts: 2504



View Profile
« Reply #590 on: July 24, 2021, 12:14:31 pm »

Meanwhile Kid and Shoey are on about Hawkwind, this forum gets more surreal by the day. Where’s Soggy, I want to hear more on Michael Hutchence
You only want to hear about the Hutch because hes an aussie. In the meantime, we need something to discuss, as long as it does not get nasty.
Report Spam   Logged

Were in the pipe 5 by 5.
Melbourne Cobbler
Hero Member
*****
Offline Offline

Posts: 2560


View Profile
« Reply #591 on: July 24, 2021, 12:21:41 pm »

You only want to hear about the Hutch because hes an aussie. In the meantime, we need something to discuss, as long as it does not get nasty.
Correct, too much arguing on here.
Report Spam   Logged

Chairman, Paul Stratford Fan Club, and proud member of the Steve Massey Appreciation Society. (Although refuse to be in his fan club on account of his crap goal celebration in front of The Hotel End when playing for Wrexham)
Shoemender
Hero Member
*****
Offline Offline

Posts: 1047


View Profile
« Reply #592 on: July 24, 2021, 12:30:57 pm »

Meanwhile Kid and Shoey are on about Hawkwind, this forum gets more surreal by the day. Where’s Soggy, I want to hear more on Michael Hutchence

Well Melly. It’s just as interesting/uninteresting as all the other posts on the thread. What’s going on, what’s actually happened, is it the councils, KT/DBs, the Chinese, or The Trusts fault. Is anything ever going to get resolved. Is the stand ever going to get finished. Is the ground ever going to get a significant increase in capacity. Are we ever going to have any money. Is anyone ever going to know the truth, is anyone ever going to get done. Is KT a good bloke, are the council crap, do the trust know what they’re doing. Do you pay tax in certain countries whether you live there, have a bank account there or go on holiday there, blah, blah, blah. Nobody really knows much, so we all just keep hoping it doesn’t all go **** up.
Report Spam   Logged
Shoemender
Hero Member
*****
Offline Offline

Posts: 1047


View Profile
« Reply #593 on: July 24, 2021, 12:34:24 pm »

Well Melly. It’s just as interesting/uninteresting as all the other posts on the thread. What’s going on, what’s actually happened, is it the councils, KT/DBs, the Chinese, or The Trusts fault. Is anything ever going to get resolved. Is the stand ever going to get finished. Is the ground ever going to get a significant increase in capacity. Are we ever going to have any money. Is anyone ever going to know the truth, is anyone ever going to get done. Is KT a good bloke, are the council crap, do the trust know what they’re doing. Do you pay tax in certain countries whether you live there, have a bank account there or go on holiday there, blah, blah, blah. Nobody really knows much, so we all just keep hoping it doesn’t all go **** up.

Tìts
Report Spam   Logged
Melbourne Cobbler
Hero Member
*****
Offline Offline

Posts: 2560


View Profile
« Reply #594 on: July 24, 2021, 12:38:35 pm »

Tìts
More interesting probably. Retired wall of death riders have been round in less circles.
Report Spam   Logged

Chairman, Paul Stratford Fan Club, and proud member of the Steve Massey Appreciation Society. (Although refuse to be in his fan club on account of his crap goal celebration in front of The Hotel End when playing for Wrexham)
Manwork04
Hero Member
*****
Offline Offline

Posts: 7130



View Profile
« Reply #595 on: July 24, 2021, 13:27:34 pm »

Meanwhile Kid and Shoey are on about Hawkwind, this forum gets more surreal by the day. Where’s Soggy, I want to hear more on Michael Hutchence
Grin
Report Spam   Logged

Rule Britannia
guest49
Guest
« Reply #596 on: July 24, 2021, 14:29:27 pm »

I think all we’ve learnt is that you wouldn’t shop on here to find a decent accountant  Grin
Report Spam   Logged
Terryfenwickatemyhamster
Administrator
*****
Offline Offline

Posts: 3755


View Profile
« Reply #597 on: July 24, 2021, 16:19:08 pm »

I think all we’ve learnt is that you wouldn’t shop on here to find a decent accountant  Grin

I think we’ve all learnt that the saying “the devils finds work for idle hands” could never be used more appropriate, than for some involving themselves in this situation.



Report Spam   Logged
Zen Master
Hero Member
*****
Offline Offline

Posts: 2615


Taxi to Kings Heath mate?


View Profile
« Reply #598 on: July 24, 2021, 17:56:10 pm »

It always strikes me that throughout this whole drama and indeed over a million views and 20k posts on the Redevelopment thread that it was all so avoidable.

 A loan, however badly implemented, and a land option that done properly could and should have given every partner what they wanted and needed. The Council with a redeveloped asset of theirs, the club with an improved stadium on the original plans with hotel and conference centre, the council loan repaid in full, the owners at the time sitting pretty with a good return and the club debt repaid. Buckinghams and other partners paid for the work they carried out in full.
 Everyone happy and no one losing out.

Even when things were going sideways DC could have bailed out with the offers of £23 million to buy the land and settle up.
Instead we have the sh1tshow we have. The council slated and taxpayers out of pocket, Cardozas disgraced and rightly so, the Bushey boys still seemingly out of reach by the plod, Mackintosh somewhere out there, the club nearly lost but it wasn’t thankfully.
The various groups of us arguing the toss over tax rules and people’s intentions.

The main constant is us the fans. Before, during and after.
No particular reason for this post other than I’ll be glad when something is finished.

Roll on the start of the season. UTC FTP.
Report Spam   Logged

I think someone should just take this city of Peterborough and just... just flush it down the f***in' toilet

The Hotelend Grand National Sweepstake Champion 2022
Manwork04
Hero Member
*****
Offline Offline

Posts: 7130



View Profile
« Reply #599 on: July 24, 2021, 18:05:03 pm »

It always strikes me that throughout this whole drama and indeed over a million views and 20k posts on the Redevelopment thread that it was all so avoidable.

 A loan, however badly implemented, and a land option that done properly could and should have given every partner what they wanted and needed. The Council with a redeveloped asset of theirs, the club with an improved stadium on the original plans with hotel and conference centre, the council loan repaid in full, the owners at the time sitting pretty with a good return and the club debt repaid. Buckinghams and other partners paid for the work they carried out in full.
 Everyone happy and no one losing out.

Even when things were going sideways DC could have bailed out with the offers of £23 million to buy the land and settle up.
Instead we have the sh1tshow we have. The council slated and taxpayers out of pocket, Cardozas disgraced and rightly so, the Bushey boys still seemingly out of reach by the plod, Mackintosh somewhere out there, the club nearly lost but it wasn’t thankfully.
The various groups of us arguing the toss over tax rules and people’s intentions.

The main constant is us the fans. Before, during and after.
No particular reason for this post other than I’ll be glad when something is finished.

Roll on the start of the season. UTC FTP.
Agree with all of that TBH mate.
What sticks in my throat is the Bushey boys.
Report Spam   Logged

Rule Britannia
Pages: 1 ... 23 24 25 26 27 28 29 [30] 31 32 33 34 35 36 37 ... 41   Go Up
  Print  
 
Jump to:  

Powered by EzPortal
Parental guidance is urged as this messageboard may not be suitable for all persons especially those under the age of 16 as the forums may contain words, phrases and expressions not considered appropriate for a younger audience so please express caution. If any posts in the forums offend you, please let us know and we will look at them and if we agree with your complaint, we will remove them. You are personally responsible and potentially liable for the contents of your posting and may be sued should your posting contain content of a defamatory or other illegal nature. Every message posted leaves a traceable IP number. We check the forums at various times of the day and remove offending posts. Other supporters are welcome but abusive or silly posts will be removed and the offenders potentially barred from future access to the site. We advise that you never reveal any personal information about yourself or anyone else (for example: telephone number, home address or email address), and please do not include postal addresses of any kind. This messageboard is not endorsed or in any way affiliated with Northampton Town FC. All postings on this board become copyright of The Hotel End & may not be reproduced without the permission of the board administrator. By signing up to this message board you agree to this. The Hotel End cannot be held liable for the actions or postings of its members. The Hotel End reserve the right to edit, delete, move or close any thread for any reason. The Hotel End may disclose user information to government authorities at their discretion or when required by law. The Hotel End may also disclose user information when The Hotel End has reason to believe that someone is causing injury to or interference with its rights or property, other The Hotel End users, or anyone else that could be harmed by such activities. By registering for The Hotel End, you agree to indemnify The Hotel End its representatives, and agents, and hold them harmless from any and all claims (including claims for legal fees) which may arise from your participation on the The Hotel End. You also agree that The Hotel End is not responsible for the materials posted by users of The Hotel End. In addition, you grant The Hotel End and its affiliates, worldwide, royalty-free perpetual, irrevocable, non-exclusive right and license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display any message or content posted on The Hotel End and/or e-mail sent by you to The Hotel End (in whole or in part). The Hotel End reserves the right to make the rules up as it goes along. Thank you - The Hotel End I love Quidco
Bookmark this site! | Upgrade This Forum
SMFServer.com - Create your own Forum

Powered by SMF | SMF © 2016, Simple Machines
Privacy Policy