Keep an eye on what’s happening at Leeds United. The club is under offer from ‘colourful’ Italian, Massimo Cellino, who will become owner if the Football League decide that his conviction for defrauding Italian tax authorities is not sufficient to make him an inappropriate person to control a football club.
If Cellino is declared unsuitable by authorities in England I am told to expect a coordinated media campaign to have people with similar backgrounds hounded out of the game here. The is a dirty war underway for control of one of Scotland’s newer clubs.
Leeds have historically been a club which it’s difficult to feel sympathy for but I genuinely feel for their fans, who suffered for the lack of a director to say ‘No more money’ amid the clamour to reach ‘the next level’, whatever that was at the time.
Now they are a massive club but lose circa £15m per year, making it impossible for them to compete with clubs far smaller than them. Being subject to the attention of convicts is a direct consequence.
On a completely unrelated matter, I read Phil Mac Giolla Bhain today use the word “Wonga” in relation to Newco Rangers’ recent attempts to finance. That was exactly the word used to me to describe a potential financer who is set to meet the club tomorrow. The campaign to oust the club’s current owners is significantly undermining their ability to do their jobs.
Well done to Big Yogi and the Highlanders for their unconventional route to the League Cup Final. It must have been an absolute sickener for Hearts fans to lose to nine men. Absolute. Utter. Sickener. Oh well.
I read Barcelona lost on Saturday for only the fifth time when Messi had scored. Can anyone name another occasion?
Sean’s Trust, the charity founded by the family of St John Doyle (George Ryan) in memory of Sean, who was stillborn in 2000, is holding a dinner with live entertainment on Friday, 4 July, at the Fullarton Suites, Tollcross Road.
Sean’s Trust aims to raise funds to provide holiday homes to provide respite for families bereaved through stillbirth. The Trust will also raise awareness and tackle misinformation surrounding the issue. To book at ticket (£35, discount for tables of eight), email Linda at lindacroker@googlemail.com
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If administration is on the cards, why delay it? This really is getting more puzzling by the day. I simply can’t agree that admin is innevitable as it serves no purpose to delay it. If we accept that Sevco are losing at 500,000 a month then their is ample debt to the parent company to cover the assets, if that’s the plan.
I’ve said before, my main problem with sale and leaseback is the current condition of Ibroke. It needs upwards of £10m spent on it just to maintain it up to safety standards. If sale and leaseback were the plan then the leaseing the stadia would have to spend money on it first. They can’t get a line of credit from anywhere and even the gamblers in the city aren’t interested, according to Phil Mac.
I personnally think there is another plan that involves the Easdales and possibly Dave King funding the operation till they are in top league when another share issue will be proposed.
In the meantime Easdale’s and King continue mopping up shares in front companies such as Cazenove Capital Management Ltd, Insight Investment Management (Global) Ltd untill such time as they have overall control.
Corporation tax is small beer in terms of national income, representing only 9% of total tax receipts each year.
The big ticket taxes are income tax and NIC – 55% – and sales taxes – VAT and Duties collected at point of sale when individuals spend what they’re left with after income tax – 25%.
Cutting corporation tax by 10% impacts at less than 1% on total revenues collected, but may have positive benefits on growth and jobs as companies either invest the tax saved, or distribute more dividend to shareholders, thus impacting on income and sales tax receipts.
There’s a fine line in the fiscal mechanics of course, but corporation tax is a relatively cheap ground for an international bun fight.
I know this because BlantyreKev told me, and his wife’s an expert.
Billy Bhoy 05
Without hearing the sound clips it’s difficult to comment.
In general terms though I’d emphasise and agree with the observation that commentators, being human after all, display their allegiances opemly. Given the composition of sports commentators on the likes of Radio Clyde and Radio Scotland their bias flows naturally. Don’t you agree ?
Far from being “paranoid” Celtic supporters pointing out the bias have been proven not to be “paranoid” but in actual fact correct.
Bawsman
I was using it as a mark of time not of what happened in Germany. I am completely aware of what happened when the wall came down.
Poor to say you don;t want to talk politics after trying to pull me up on a finer point of my argument.
LB
traditionalist88,
Whatever the reason he seemed quite happy to prejudge people.
He will get no more oxygen from me.
bobby murdoch’s curled-up winklepickers ………fc not plc
12:16 on 4 February, 2014
TONY DONNELLY 1208
I know you don’t have a high regard of students,but you could teach us all a thing or two about semantics!
——————————-
Aye the thing is but would yours listen?
tonydonnelly67
If they’re a nothing now its strange how you get so hot and bothered at the very mention of them. Must have been a full pint! Either that or one of them pinched your meds in the melee:)
HH
eddieinkirkmichael
Administration won;t happen while they are still in the Scottish Cup. They know players can walk and if they can scrape through and meet Celtic with an even weaker side than present they will get destroyed by our new 10 man strike force!
LB
THE BATTERED BUNNET
Grateful thanks for that info. I was unaware of the percentages involved,but I did know that the loss to The Treasury was relatively insignificant.
Of course,that 9% could be far higher if “creative accounting” or stealing wi a pencil as I prefer to call it,was less attractive due to draconian sanction.
I see from that post you picked up my quote to you, at least you pay attention.
He will get no more oxygen from me.
MWD says YES YES YES YES YES YES YES.
Feck off wae your Londoner political establishment Tory right wing fascist rich loving horrible cretinous muck scum politics.
the irony of republicans being loyalists really makes me giggle.
MWD
Fred C. Dobbs
Its bizarre but who knows what motivation people have?
HH
eddieinkirkmichael
12:18 on
4 February, 2014
If administration is on the cards, why delay it? This really is getting more puzzling by the day. I simply can’t agree that admin is innevitable as it serves no purpose to delay it
——————————————————————————————————–
Its innevitable because there will soon be no cash left to meet the wage bill unless they get more funding.
TONY DONNELLY
It was a compliment. I’ve mentioned it before that some of your posts clearly imply things that you quite correctly deny posting.
It’s an art form,that. A real talent. And,again,I mean that as a compliment.
eddieinkirkmichael. I have seen the figure of 10 million required for repairs at Ibrokes being quoted not only by yourself but by others.How do you know the figure required for repairs ? Surely that is only a guess as only an Ibrokes insider would know the true figure ? we also had a rumour about asbestos but it seems to have died out. H.H.
traditionalist88
12:22 on 4 February, 2014
tonydonnelly67
If they’re a nothing now its strange how you get so hot and bothered at the very mention of them. Must have been a full pint! Either that or one of them pinched your meds in the melee:)
HH
————————-
On the meds thing you’d be closer to the truth with that lot, rather than me, a slip up on your part, you being there spokes person and banner carrier an all that?
When :)) TRFC hit the wall their parent company :))TRIFC will claim back all the money they loaned them and own hunland lock stock & barrel, i.e the “crime scene” training grond and albion car park to do with as they wish mission accomplished for the latest spives that have their fangs into the carcass.
How much are you willing to pay to rent it of them is the question for the “glib shameless liar”.
Ohhhhh and the “Crime scene” is deteriorating as we speak. (IMHO) of course:))
Till later all away to do as i’m told :))
quantum
12:25 on
There are still alot of shares availble that haven’t been released by the company, they could issue these and raise some money. None of us have any idea of the true state of the finances, we also don’t know who owns all the shares. If we had a clearer picture of who owned the shares, that might enable us to speculate on their motives.
bobby murdoch’s curled-up winklepickers ………fc not plc
12:26 on 4 February, 2014
TONY DONNELLY
It was a compliment. I’ve mentioned it before that some of your posts clearly imply things that you quite correctly deny posting.
It’s an art form,that. A real talent. And,again,I mean that as a compliment.
——————————
Kinda like a boot in the Bawz wearing a hush puppy, than a steel toe cap right?
MOONBEAMS
TBH,I’m ambivalent about the independence debate. As you know,I would vote no if I had the opportunity,but if the vote is yes then I will deal with it.
It won’t stop my retirement plan. Though it might make it awkward,how much is due from London for my time down here,how much from Edinburgh from my time back home?
Apart from that,it won’t really affect me much. Voting the losing side in virtually every election has got me kinda used to the situation!
Bawsman
If you don’t want to talk politics don’t make stupid comments. Not all pro Independence bloggers are Nats
joe filippis haircut
10:50 on 4 February, 2014
I also feel there has been a ‘plan’ but, when you think of how many conspirators it would take to make it work, not to mention how ‘high’ it would have to go in the Scottish Society, don’t think there would be much our Board could do………hope we are both wrong, and that truth and justice prevails..!!
Just to annoy Bawsman…….
Is anyone on here who was originally minded to vote NO now considering voting YES?
And conversely, are there any who were originally YES now moving in the direction of NO?
Or is all the bluster from both sides basically pishing against the wind?
If the bigot dome is in such a bad condition how are they getting a safety certificate to play there ?
TONY DONNELLY 1230
Honestly mate,no.
It was a genuine compliment.
BMCUWP
I was a fence sitter. until I took some interest and did some reading up. Only side who has put out any proper information has been the yes campaign. I have emailed members of the Better together campaign to offer me more than platitudes and scare mongering and refute the Yes campaigns figures with bare faced facts. The replies have been helluva quiet.
Hmmmmm!
MWD is not a republican loyalist.
Its amazing that so many posts speculate on what is the cunning plan that is being hatched at Edminston Drive.
Might be that they actually haven’t got a clue where all this is going either!
Bmcuw
You should take up politics yourself as you are clearly a master of the dark arts. Is Machiavelli your bedside reading?
eddieinkirkmichael 12:18 on 4 February, 2014
You may be attempting to apply logic to Sevco’s latest crisis.
From my observations of events at Ibroke in the past 18 months, the word I would use to describe Sevco is ‘shambles’.
From top to bottom they are a shambles. Not knowing stock exchange procedure, embarrassing statements from their press officer, their manager lying about his pay cut, the utter waste of money, ect, ect, ect.
There is no master plan, besides spivs milking a cash cow. The people running Sevco are making it up as they go along.
JOHNNYCLASH
CQN is known for entrenched opinions!
Also for every day is an education.
Joe Filippis Haircut
12:26 on
In the share propective it detailed what the share capital would be used for, I think 5-6m was for repairs to stadium.
A couple of years ago a report was online somewhere detailing specific problems within Ibroke, mainly down to removing abestos. The figuer quoted for that was about 5m, so putting the 2 together, as the first fig is mainly for roof repairs, you can specuate that the overall amount is somewhere in the region of £10m.
billy bhoy 05
12:31 on 4 February, 2014
If you are going to talk politics, all comments would be stupid, fruitless…….
Power / money = politics………..(the same philosophy adopted by the bhuns, but include supremacy…. )
quantum. Not for a minute they know where they are on the plan exactly.That is my opinion. H.H.
BMCUW
You’re welcome, and indeed, quite right.
The current area of tax conflict is the recharging of intellectual property rights on national companies to their international head offices, located of course in lower corp tax countries, referred to as the “Double Irish” arrangement.
Take “Global Internet Search Engine Inc”: their UK operating company is charged a ‘licence fee’ or similar for use of the ‘Global’ brand and supporting infrastructure. The company receiving these IP fees is based in Eire, where the rate of corp tax is just 12.5% on such profits from trade.
The more that can be justified as relating to brand and global infrastructure, the more can be charged to the low tax entity. Similar arrangements take advantage of similar situations the world over.
Oddly enough, folk who run their own business, but whose wife does not work, have been doing this for decades, albeit on a smaller scale – allocating a ‘cost’ to the business by paying the wife a salary up to the relevant tax band serves the same purpose as the big brand multinationals using related entities in lower tax territories.
The corporates have the advantage over Joe and Josie Taxpayer because they are not restricted to just one ‘wife’.
MWD
Very well put
The Beatles song, “Hey Jude” was written by Paul McCartney to ease John Lennon’s son, Julien, while his parents were getting a divorce.
eddieinkirkmichael. Thanks for that information. H.H.