Question about a fan takeover
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- Worthy4England
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Re: Question about a fan takeover
Generally, the unit next to ours write, saying stuff like "can you keep your fcking visitors out of our parking spaces!"....
Wow - it's spooky
Wow - it's spooky
Re: Question about a fan takeover
The unit next to mine writes up notes on the criminally insane. My unit only deals with the deranged.
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Re: Question about a fan takeover
So it's Donkey Deano, a bunch of ambulance chasers and a world exclusive broken by Batman.
It's so bizarre and random it must be true.
It's so bizarre and random it must be true.
Businesswoman of the year.
Re: Question about a fan takeover
£178 million written off.
I think his family will be having words about that one.
I think his family will be having words about that one.
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Re: Question about a fan takeover
Worthy4England wrote:Generally, the unit next to ours write, saying stuff like "can you keep your fcking visitors out of our parking spaces!"....
Wow - it's spooky
May the bridges I burn light your way
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Re: Question about a fan takeover
Well, with only 200 mil or so left between them and starvtion, who can blame them?DJBlu wrote:£178 million written off.
I think his family will be having words about that one.
Si Deus pro nobis, quis contra nos?
Re: Question about a fan takeover
I imagine they'll have to rename the Supporters Association, "Reebok Roar" the "Macron Moan".
*Straightens tie*
*Straightens tie*
In a world that has decided
That it's going to lose its mind
Be more kind, my friends, try to be more kind.
That it's going to lose its mind
Be more kind, my friends, try to be more kind.
- Dave Sutton's barnet
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Re: Question about a fan takeover
Wasn't Ric Kay the name of Frank Butcher's son in EastEnders?
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Re: Question about a fan takeover
... JSW will set them straight. He's actually made a profit on us. Everyone knows this.DJBlu wrote:£178 million written off.
I think his family will be having words about that one.
Sheesh. Do you read nothing ??
Not advocating mass-murder as an entirely positive experience, of course, but it had its moments.
"I understand you are a very good footballer" ... "I try".
"I understand you are a very good footballer" ... "I try".
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Re: Question about a fan takeover
Making a profit may indeed be a bit of a stretch, but I don't expect he would be losing anywhere near that £178m.bobo the clown wrote:... JSW will set them straight. He's actually made a profit on us. Everyone knows this.DJBlu wrote:£178 million written off.
I think his family will be having words about that one.
Sheesh. Do you read nothing ??
Some fag packet sums below on a hypothetical business that has been losing money year on year, paying an assumed 5% interest on the debt, to the owner's other business based overseas in a country with low/zero tax rates. Compound interest has inflated the final debt figure, which actually contains a sizeable amount of money that has just shifted to the overseas country. Taking that "profit" away from the actual losses means the net loss is about half of the stated debt.
Year Debt Interest@5% Actual Loss
2003 £20.00 £1.00 £5.00
2004 £26.00 £1.30 £5.00
2005 £32.30 £1.62 £5.00
2006 £38.92 £1.95 £10.00
2007 £50.86 £2.54 £10.00
2008 £63.40 £3.17 £10.00
2009 £76.57 £3.83 £10.00
2010 £90.40 £4.52 £10.00
2011 £104.92 £5.25 £10.00
2012 £120.17 £6.01 £10.00
2013 £136.18 £6.81 £10.00
2014 £152.99 £7.65 £10.00
2015 £170.64 £8.53 £10.00
Total Interest £54.17
Total Actual Loss £135.00 (inc original £20 debt)
Overall £80.83 net loss
So if the owner got £30 for the business, on the assumption that the stated debt was wiped out, then the owner would be about £50 down. Not ideal, but nowhere near what it might first look like.
Note - if the interest rate was higher at any point during the period (say, 10% for instance, totally random figure...), then the net loss would be reduced even further. A slight increase in the interest rate would again have a compound effect as this would both increase profit from loans whilst also reducing actual losses (the figures for the latter having being assumed, to fit in with the resulting 2015 debt figure).
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Re: Question about a fan takeover
Now if you take into account potential tax savings...:
Year Debt Interest@5% Actual_Loss Annual_Loss Corp_Tax_Saving@20% of Annual Losses
2003 £20.00 £1.00 £5.00 £6.00 £1.20
2004 £26.00 £1.30 £5.00 £6.30 £1.26
2005 £32.30 £1.62 £5.00 £6.62 £1.32
2006 £38.92 £1.95 £10.00 £11.95 £2.39
2007 £50.86 £2.54 £10.00 £12.54 £2.51
2008 £63.40 £3.17 £10.00 £13.17 £2.63
2009 £76.57 £3.83 £10.00 £13.83 £2.77
2010 £90.40 £4.52 £10.00 £14.52 £2.90
2011 £104.92 £5.25 £10.00 £15.25 £3.05
2012 £120.17 £6.01 £10.00 £16.01 £3.20
2013 £136.18 £6.81 £10.00 £16.81 £3.36
2014 £152.99 £7.65 £10.00 £17.65 £3.53
2015 £170.64 £8.53 £10.00 £18.53 £3.71
Total Interest £54.17
Total Actual Loss £135.00 (inc original £20 debt)
Total Corp Tax Saving (if owner had a group of businesses that could offset the annual losses against) £33.83
Inheritance Tax Saving (@36% of interest in overseas country, reduced rate as the owner is charitable) £19.50
Overall £27.50 net loss
Again, this is all assuming 5% interest on loans. In this instance a £30 asking price would wipe out the losses with a few quid spare for a party. This is in no way meant to reflect any actual real-life business, but is merely an example of how things might not always look as they seem.
Massive apologies for the formatting screwing up, pasting in from Excel didn't work too well.
Year Debt Interest@5% Actual_Loss Annual_Loss Corp_Tax_Saving@20% of Annual Losses
2003 £20.00 £1.00 £5.00 £6.00 £1.20
2004 £26.00 £1.30 £5.00 £6.30 £1.26
2005 £32.30 £1.62 £5.00 £6.62 £1.32
2006 £38.92 £1.95 £10.00 £11.95 £2.39
2007 £50.86 £2.54 £10.00 £12.54 £2.51
2008 £63.40 £3.17 £10.00 £13.17 £2.63
2009 £76.57 £3.83 £10.00 £13.83 £2.77
2010 £90.40 £4.52 £10.00 £14.52 £2.90
2011 £104.92 £5.25 £10.00 £15.25 £3.05
2012 £120.17 £6.01 £10.00 £16.01 £3.20
2013 £136.18 £6.81 £10.00 £16.81 £3.36
2014 £152.99 £7.65 £10.00 £17.65 £3.53
2015 £170.64 £8.53 £10.00 £18.53 £3.71
Total Interest £54.17
Total Actual Loss £135.00 (inc original £20 debt)
Total Corp Tax Saving (if owner had a group of businesses that could offset the annual losses against) £33.83
Inheritance Tax Saving (@36% of interest in overseas country, reduced rate as the owner is charitable) £19.50
Overall £27.50 net loss
Again, this is all assuming 5% interest on loans. In this instance a £30 asking price would wipe out the losses with a few quid spare for a party. This is in no way meant to reflect any actual real-life business, but is merely an example of how things might not always look as they seem.
Massive apologies for the formatting screwing up, pasting in from Excel didn't work too well.
- Dave Sutton's barnet
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Re: Question about a fan takeover
Thanks for going to the effort of working that out, mate.
For spreadsheets it's often easiest* to take a screengrab, upload it to Photobucket or Flickr or some other public image-hosting website, then use their suggested "for messageboards" paste-in.
*Which still doesn't sound easy but is better than doing all that work for nothing
For spreadsheets it's often easiest* to take a screengrab, upload it to Photobucket or Flickr or some other public image-hosting website, then use their suggested "for messageboards" paste-in.
*Which still doesn't sound easy but is better than doing all that work for nothing
Re: Question about a fan takeover
You wouldn't happen to have Jimmy Carr's number lying around anywhere would you?midlands exile wrote:Now if you take into account potential tax savings...:
Year Debt Interest@5% Actual_Loss Annual_Loss Corp_Tax_Saving@20% of Annual Losses
2003 £20.00 £1.00 £5.00 £6.00 £1.20
2004 £26.00 £1.30 £5.00 £6.30 £1.26
2005 £32.30 £1.62 £5.00 £6.62 £1.32
2006 £38.92 £1.95 £10.00 £11.95 £2.39
2007 £50.86 £2.54 £10.00 £12.54 £2.51
2008 £63.40 £3.17 £10.00 £13.17 £2.63
2009 £76.57 £3.83 £10.00 £13.83 £2.77
2010 £90.40 £4.52 £10.00 £14.52 £2.90
2011 £104.92 £5.25 £10.00 £15.25 £3.05
2012 £120.17 £6.01 £10.00 £16.01 £3.20
2013 £136.18 £6.81 £10.00 £16.81 £3.36
2014 £152.99 £7.65 £10.00 £17.65 £3.53
2015 £170.64 £8.53 £10.00 £18.53 £3.71
Total Interest £54.17
Total Actual Loss £135.00 (inc original £20 debt)
Total Corp Tax Saving (if owner had a group of businesses that could offset the annual losses against) £33.83
Inheritance Tax Saving (@36% of interest in overseas country, reduced rate as the owner is charitable) £19.50
Overall £27.50 net loss
Again, this is all assuming 5% interest on loans. In this instance a £30 asking price would wipe out the losses with a few quid spare for a party. This is in no way meant to reflect any actual real-life business, but is merely an example of how things might not always look as they seem.
Massive apologies for the formatting screwing up, pasting in from Excel didn't work too well.
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Re: Question about a fan takeover
Isn't that still far better than having it sat there being taxed?midlands exile wrote:Now if you take into account potential tax savings...:
Year Debt Interest@5% Actual_Loss Annual_Loss Corp_Tax_Saving@20% of Annual Losses
2003 £20.00 £1.00 £5.00 £6.00 £1.20
2004 £26.00 £1.30 £5.00 £6.30 £1.26
2005 £32.30 £1.62 £5.00 £6.62 £1.32
2006 £38.92 £1.95 £10.00 £11.95 £2.39
2007 £50.86 £2.54 £10.00 £12.54 £2.51
2008 £63.40 £3.17 £10.00 £13.17 £2.63
2009 £76.57 £3.83 £10.00 £13.83 £2.77
2010 £90.40 £4.52 £10.00 £14.52 £2.90
2011 £104.92 £5.25 £10.00 £15.25 £3.05
2012 £120.17 £6.01 £10.00 £16.01 £3.20
2013 £136.18 £6.81 £10.00 £16.81 £3.36
2014 £152.99 £7.65 £10.00 £17.65 £3.53
2015 £170.64 £8.53 £10.00 £18.53 £3.71
Total Interest £54.17
Total Actual Loss £135.00 (inc original £20 debt)
Total Corp Tax Saving (if owner had a group of businesses that could offset the annual losses against) £33.83
Inheritance Tax Saving (@36% of interest in overseas country, reduced rate as the owner is charitable) £19.50
Overall £27.50 net loss
Again, this is all assuming 5% interest on loans. In this instance a £30 asking price would wipe out the losses with a few quid spare for a party. This is in no way meant to reflect any actual real-life business, but is merely an example of how things might not always look as they seem.
Massive apologies for the formatting screwing up, pasting in from Excel didn't work too well.
I would assume your "losses" (ie taxes) would be a hell of a lot more than £27.50?
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Re: Question about a fan takeover
Anyone see the B(E)N?
Decision imminent?
Decision imminent?
- Bruce Rioja
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Re: Question about a fan takeover
The BN appears to be taking its cues from Batman and his mates at the moment, and some bloke that wrote some stuff down, sealed it in an envelope and handed it to a bloke that works in an adjoining unit (I shite thee not).Gary the Enfield wrote:Anyone see the B(E)N?
Decision imminent?
May the bridges I burn light your way
- Gary the Enfield
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Re: Question about a fan takeover
Bruce Rioja wrote:The BN appears to be taking its cues from Batman and his mates at the moment, and some bloke that wrote some stuff down, sealed it in an envelope and handed it to a bloke that works in an adjoining unit (I shite thee not).Gary the Enfield wrote:Anyone see the B(E)N?
Decision imminent?
I've been following the thread.
- Bruce Rioja
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Re: Question about a fan takeover
Investigative journalism? I've shit it!Gary the Enfield wrote:Bruce Rioja wrote:The BN appears to be taking its cues from Batman and his mates at the moment, and some bloke that wrote some stuff down, sealed it in an envelope and handed it to a bloke that works in an adjoining unit (I shite thee not).Gary the Enfield wrote:Anyone see the B(E)N?
Decision imminent?
I've been following the thread.
May the bridges I burn light your way
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Re: Question about a fan takeover
Its all hazy recollections, but I can't ever recall Deano coming across as a really sharp, businessman type chappy. I know he may be only a frontman, but even those have to have a bit about them don't they.
Am I doing him a dis-service or just being a bit naive about the qualifications ?
Am I doing him a dis-service or just being a bit naive about the qualifications ?
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