Quote ="Mrs Barista"A few points on this. You seem to be saying that AP paid £0 for FC. "It cost a significant amount of money," Adam Pearon told BBC Radio Humberside. "And there are obviously more funds to go into the club." "Significant" is a subjective term, and I've not seen the transaction documentation. But there is the small matter of "goodwill" to be considered as part of any acquisition. Pretty basic stuff, but never mind.
I'm not entirely sure what your point is here, as I think we are agreeing. I said that without AP sorting the tax liability out, IMO the club might have gone to the wall as the outgoing directors probably had little appetite to deal the issue, certainly not as proactively as Pearson thankfully seems to be doing. Pearson was well aware of the tax issue on acquiring the club; indeed it was something he mentioned very early on. I suspect we may also be facing further liabilities if there is a ruling against Leeds Rhinos in the image rights case.
As for the "taxi for Smailes" comment, I guess here you are implying that Smailes is incorrect in saying other clubs and sports are affected. Do you mean that FC are the only club in British sport to be impacted? Right, that does make the outgoing board look rubbish, then. Even more glad that Pearson's on the front foot to halve the potential liability. Lucky us.
Not sure how this helps address Easty's question. As usual, I'm the only one trying to provide relevant information.
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I would think that being told of a large tax bill would cover AP's comments about a "significant" amount of money wouldn't you. Just for the record, how would you value it. I will stand by my original statement that about a penny would cover it having done due diligence, wouldn't you? As to good will, name a RL club that has ever made a substantial profit. Let's be honest, I love the game but I know where it stands in terms of financial strength. I am not saying about the purchase price to be vindictive, only realistic!
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