Parky

Either way the shit is coming down bro....

There are some rumours on TT sale will be Friday....Yankees!

The endgame approaches people.

He put in a bid and fucked off for golf. Hasn't missed a thing has he?

Let loose the dogs of War!

It has to be FS lot. He's back from hols.

Aha...The first rumblings of the lynch mob. ..or FS's team upping the ante.

What was the due diligence like? Sticky. Smells a bit fishy to me. surely? Shirley?

What was the due diligence like? Sticky. Sounds a bit fishy to me.

Two points: 1) There is absolutely no surprise that Arsenal might be showing an interest in Tim Krul and NOT Harper 2) Arsenal do things right, we always do things wrong. Good keeper in the making.

What was the due diligence like?

And if they don't? Reading that it just feels like they're all playing for time. Let's face it only MA is losing money while this drags on.

Good post by Jimmyc84. If you think Jimmyc84 is me under another name - no sorry. and thinking about it even more, even if he sells it for 60 million he'll still get a capital loss of 170 ish million (the cost was about 230 m was it?). so potential tax relief at 18% of 35 million odd (don't have a calculator). i.e. relief of 35 million + actual proceeds on sale of 60+ million straight into his pocket with a sale to an investor versus relief of 45 million and proceeds equal to whatever an administrator can sell assets for. the more i think, the less plausible it is that tax savings would be valid reasoning for administration. right, bed time. Well admin seems highly unlikely and seemed even more obscure when I started the thread a month ago, but you can never put your mind at rest with MA in charge.

I don't think there are any buyers bar FS. Of course hope to be totally wrong.

Ken Bates was playing with other people's money though. Ashley can't do the same because he would be ripping himself off.

That's all bollocks.

I don't think anyone has bid bar FS. I also think 60m is a fair price taking into consideration the other financial instruments the buyer will have to deal with.

It costs about 2m a week to pay the players and wages. I don't think there will be time for administration, a big black bird will swoop down and take the club away.

Got to be one of the most hated men in England.

Ditto. Aye but I am sure we all held maybe a little hope that they were for real, having it confirmed they were not serious still stings a bit. No. I hated them and everything about them from day one.

Ditto.

aldso it's hard to sell a company when the assets are being offloaded. We'll see what kind of assets they are soon enough.

The cost of acquiring the club is in reality 300m. No fuck is going to pay that.

Not offloading the player wages immediately means two things, either he's letting the club drown or they actually are in negotiations and it is a request of a buyer (god knows).

As Ashley would be the major creditor, administration would seem an odd move financially. But Ashley could probably take his losses at Newcastle, which would be close to £250m, and set them against profit at his other companies, such as Sports Direct. Ashley’s tax liability would then be reduced and his loss not so great. Oh. s***. Breathing a little easier after having a quick word with a mate. Do explain! Since Sports Direct is now a public company (he owns just over 50%) his only income from it comes in the form of dividends (which he shares with all share holders). That being the case, if he files his income taxes as a person rather than a company isn't his right to say "I made loads of money here and I lost even more over there. So I owe no taxes."? You're asking the wrong person tbh. I'll link him the thread and I'll get back to you with his replies. All I know is, he's a very intelligent bloke who's got a lot of experience in financial matters like this. If he's got it wrong then he's got it wrong but I trust what he says. Cheers Midds.