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| So Mrs.B. Having done due diligence on Hull FC what would you give to take it over? You cannot value "potential" as you well know! I will stand by my valuation and the proviso that I would cover the known debts. Be aware that when the Allams took over City they had a cluase that any "unknowns" would be down to the previous owner, not that I am saying this is the situation at your club!!!
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| Quote ="Vicenzo"As I am banned "sine die" on your boards for running rings round Paul M and making him look a fool'"
Still suffering the same basic failure to understand financials I see.
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| Oh great, 7 days since our season finished,and we are already into the annual "financial discussions". Can somebody wake me up in February, this is worse than going to work.
I don't even know what EBT stands for, so I can't answer Easty's questions. Maybe it stands for Easty's Boring Thread?
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| Quote ="Vicenzo"So Mrs.B. Having done due diligence on Hull FC what would you give to take it over? [uYou cannot value "potential" as you well know[/u! I will stand by my valuation and the proviso that I would cover the known debts. Be aware that when the Allams took over City they had a cluase that any "unknowns" would be down to the previous owner, not that I am saying this is the situation at your club!!!'"
How would you define goodwill, then? It's "That part of business value over and above the value of identifiable business assets." NPV of future cashflows is a pretty standard way to value a business.
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| Quote ="SirStan"Oh great, 7 days since our season finished,and we are already into the annual "financial discussions". Can somebody wake me up in February, this is worse than going to work.
I don't even know what EBT stands for, so I can't answer Easty's questions. Maybe it stands for Easty's Boring Thread?'"
Tbf, Hartleystash has definitively answered the question- Rovers have zero exposure on tax issues. The rest is just people derailing the thread to have a go at me .
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| I'm glad our alleged new coach has a degree in Economics, maybe he can join in conversations on here!
I almost broke out into "My Perfect Cousin" then, but realised that would be de-railment.
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| Quote ="Vicenzo"As I am banned "sine die" on your boards for running rings round Paul M and making him look a fool,perhaps you can explain why some of your fans imagine that AP paid any money to take over the club. You must realise as an accountant, that a business with no fixed assets and with a potential £2million tax bill would not be worth a copper coin and the only deal open to the directors responsible is an offer to take over for say a penny and to take over the aforementioned substantial debts.'"
I really hope that's true and that by reducing the HMRC debt by £1m he's effectively robbed it from hetherington's purse
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| Reet...
EBT is Employee Benefit Trust. Tax avoidance schemes - note 'avoidance' rather than 'evasion'. A loophole, the closure of which is being applied retrospectively. Which is a fairly tough stance from HMRC - perhaps reflecting our nation's indebtedness.
[urlhttp://www.contractorfriend.co.uk/contractor-news/view/hmrc-sound-death-knell-for-ebt-tax-avoidance-loan-schemes-578[/url
We don't know Rovers' level of liability - and as we haven't had a change of board, with the new wanting to rubbish the reputation of the old, I don't see any need for us to. (BTW Adam, if you really want to stick the boot in, I assume you could allow Paul Cooke to tell his story now. )
Now that we're all on the same page, FC and Rovers fans alike, of deciding that aspiration isn't arrogance and investment isn't necessarily profligate, I see no reason for us to fall out.
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| Quote ="hartleystash"Rovers have no EBT issues to worry about, never used such an agressive tax policy.'"
Hiya Rob!
You've popped out from under your umbrella for your annual visit to the forum, then?
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| Quote ="Jake the Peg"I really hope that's true and that by reducing the HMRC debt by £1m he's effectively robbed it from hetherington's purse'"
That would have a warm feeling to it.
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| Quote ="WormInHand"That would have a warm feeling to it.
'"
So does incontinence, but you can keep it!
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| Quote ="WormInHand"Hiya Rob!
You've popped out from under your umbrella for your annual visit to the forum, then?'"
To save you from looking silly the IP address for hartleys tash does not match the IP address for Rob Crossland across on the other forum.
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| Quote ="SirStan"Oh great, 7 days since our season finished,and we are already into the annual "financial discussions". Can somebody wake me up in February, this is worse than going to work.
[uI don't even know what EBT stands for[/u, so I can't answer Easty's questions. Maybe it stands for Easty's Boring Thread?'"
Glad I am not the only one!!
TBH I do not even know why I am reading this thread
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| Quote ="Gavin Miller - Legend"To save you from looking silly the IP address for hartleys tash does not match the IP address for Rob Crossland across on the other forum.'"
If you had, say, a work PC, a home PC and a mobile phone, would they all have the same IP address?
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| Quote ="Gavin Miller - Legend"To save you from looking silly the IP address for hartleys tash does not match the IP address for Rob Crossland across on the other forum.'"
You are a kind love. I knew there was a warm side to you when you took your wife on that shopping trip.
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| Quote ="Kosh"icon_lol.gif
Still suffering the same basic failure to understand financials I see.'"
"Financials" Now that is funny!!
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International Star | 4623 | No Team Selected |
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| Karoo IP addresses' rotate each time you refresh your internet connection.
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| Quote ="Clark Gable"Karoo IP addresses' rotate each time you refresh your internet connection.'"
That's great
But Rob doesn't live in Hull.
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| Quote ="Gavin Miller - Legend"That's great
But Rob doesn't live in Hull.'"
Most providers follow the same system, business' usually use static IP but us everyday normal people will usually be given a new IP each time we connect to the Internet.
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| I've forgotten who I am because my IP address keeps changing.
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| Great I do not know what EBT payments are nor do I know what an IP address is.....It is official I am a dunce
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| We've known that for years.
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| Quote ="Sandra The Terrorist"We've known that for years.'"
Ohhhh.....that girls name has made you bitchy!
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| No need to panic. Having employed Shaun Briscoe the HMRC are in fact rebating us in regards to image rights.
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| Quote ="Marfa Manu"Ohhhh.....that girls name has made you bitchy!'"
You put them on a plate, don't blame me if I bang them in!
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