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New Trust statement on club finances

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Author Topic: New Trust statement on club finances  (Read 19554 times)
Manwork04
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« Reply #580 on: July 23, 2021, 20:59:16 pm »

There is no disapeared Chinese money. Do you expect me to tell you when and where I transfer funds that belong me?
Sorry, but you are just come across another trust member/board member who is chucking their toys from the pram because the big boys wont talk to them and while this sort of stance goes on The Trust lose more credibilty every day.
Your right itís allegedly in the BVI.
« Last Edit: July 23, 2021, 21:02:09 pm by Manwork04 » Report Spam   Logged

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« Reply #581 on: July 23, 2021, 21:00:21 pm »

Be gentle with him, he still thinks Michael Hutchence was making love to an architrave.
One of the best gigs I ever went to, was INXS at Leicester.
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Terryfenwickatemyhamster
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« Reply #582 on: July 23, 2021, 21:20:12 pm »

Your right itís allegedly in the BVI.

I think theyíve been waiting for that ďallegedlyĒ 😜😀
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Manwork04
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« Reply #583 on: July 23, 2021, 21:40:28 pm »

I think theyíve been waiting for that ďallegedlyĒ 😜😀
Once bitten twice shy Tel.
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« Reply #584 on: July 23, 2021, 22:04:24 pm »

You donít pay corporation tax on the sale of private shares.

Mannys got something right! I never thought I would see the day.
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« Reply #585 on: July 23, 2021, 22:19:19 pm »

One of the best gigs I ever went to, was INXS at Leicester.

Blimey!!! Each to their own etc, etc, etc, but I find that very difficult to believe. Have you been to many gigs? Tongue
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Melbourne Cobbler
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« Reply #586 on: July 23, 2021, 23:52:10 pm »

You donít pay corporation tax on the sale of private shares.
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, Iím not saying people are wrong, Iím 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 donít listen to me.
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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)
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« Reply #587 on: July 23, 2021, 23:58:59 pm »

Be gentle with him, he still thinks Michael Hutchence was making love to an architrave.
Brillant Soggy!

With business, common and decorum you have failed, but at last in humour you have finally found a ďsenseĒ you appear to possess. Told you perseverance would eventually pay off and you would type something of worth, congratulations.
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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)
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« Reply #588 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?
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Terryfenwickatemyhamster
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« Reply #589 on: July 24, 2021, 10:13:18 am »

Once bitten twice shy Tel.

Iíve been there a few times mate. At least twice with Cardozie and recently with the council.  Grin Grin
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Manwork04
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« Reply #590 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, Iím not saying people are wrong, Iím 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 donít listen to me.
You would need to see the contract, all depends on the share value and whether any ďgood willĒ payment was made.
As I said people use BVI for a reason.
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Rule Britannia
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« Reply #591 on: July 24, 2021, 10:50:45 am »

You would need to see the contract, all depends on the share value and whether any ďgood willĒ 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 thatís a lot of money? Iím just guessing but it seems a logical explanation to me?
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« Reply #592 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 thatís a lot of money? Iím just guessing but it seems a logical explanation to me?
The loan repayment wouldnít be subject to corporation tax either.
Thereís no profit from the loan for BDJ because the asset belongs to the club and therefore subject to corp tax on NTFC.
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« Reply #593 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.
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« Reply #594 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.

Thereís 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.
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Tabasco Kid
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« Reply #595 on: July 24, 2021, 11:55:40 am »

Thereís 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.
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« Reply #596 on: July 24, 2021, 11:56:57 am »

The loan repayment wouldnít be subject to corporation tax either.
Thereís no profit from the loan for BDJ because the asset belongs to the club and therefore subject to corp tax on NTFC.
Iím not sure thatís quite right, depends how itís structured.
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« Reply #597 on: July 24, 2021, 11:59:55 am »

Iím not sure thatís quite right, depends how itís structured.
Meanwhile Kid and Shoey are on about Hawkwind, this forum gets more surreal by the day. Whereís Soggy, I want to hear more on Michael Hutchence
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« Reply #598 on: July 24, 2021, 12:14:31 pm »

Meanwhile Kid and Shoey are on about Hawkwind, this forum gets more surreal by the day. Whereís 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.
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« Reply #599 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.
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