Guest dover Posted December 30, 2009 Share Posted December 30, 2009 So thats Portsmouth, Southampton, and West Ham all financially crippled. Good manager Harry Redknapp..... Link to post Share on other sites More sharing options...
Guest Roger Kint Posted December 30, 2009 Share Posted December 30, 2009 How do you dispute the VAT? The club would have to sign off each return after either their staff or accountants prepared it, not like the HMRC guess it or anything Even if its outstanding from previous owners, it would be correct and their fault for not seeing it when they bought in Link to post Share on other sites More sharing options...
Keefaz Posted December 30, 2009 Share Posted December 30, 2009 How do you dispute the VAT? The club would have to sign off each return after either their staff or accountants prepared it, not like the HMRC guess it or anything Even if its outstanding from previous owners, it would be correct and their fault for not seeing it when they bought in That's what I was wondering. And 'injecting funds to HMRC'? Sounds like they're doing revenue & customs a favour. Link to post Share on other sites More sharing options...
hakka Posted December 30, 2009 Share Posted December 30, 2009 So thats Portsmouth, Southampton, and West Ham all financially crippled. Good manager Harry Redknapp..... What? how is it Harry Redknapp's fault? he left West Ham fucking donkey's years ago plus they had bags of talented players come through the ranks who were sold for massive figures like both Ferdinands, Joe Cole etc. There are loads of clubs with money problems, some worse than others, but ultimately the financial responsibilities end with the board/chairman. They are the ones signing off the deals so you can't blame a manager if they say "sign me X" and the chairman does but on silly money. Link to post Share on other sites More sharing options...
Crumpy Gunt Posted December 30, 2009 Share Posted December 30, 2009 Simple solution. Make every Club debt free and penalise them points for every certain amount they go into debt. The ability to pay debt is what sets the top 4 agains't the rest. It means a Club that controls its finances and lives by its means will NEVER be able to challenge. How is that fair? Link to post Share on other sites More sharing options...
Guest ObiChrisKenobi Posted December 30, 2009 Share Posted December 30, 2009 Pay up, Pompy, Pay up, Pompy... yeah, I know its old, but still... Simple solution. Make every Club debt free and penalise them points for every certain amount they go into debt. The ability to pay debt is what sets the top 4 agains't the rest. It means a Club that controls its finances and lives by its means will NEVER be able to challenge. How is that fair? There's very few clubs, if any (outside Germany) that are self sufficient, most, if not all, run on overdrafts via a bank/loan. Link to post Share on other sites More sharing options...
Crumpy Gunt Posted December 30, 2009 Share Posted December 30, 2009 Pay up, Pompy, Pay up, Pompy... yeah, I know its old, but still... Simple solution. Make every Club debt free and penalise them points for every certain amount they go into debt. The ability to pay debt is what sets the top 4 agains't the rest. It means a Club that controls its finances and lives by its means will NEVER be able to challenge. How is that fair? There's very few clubs, if any (outside Germany) that are self sufficient, most, if not all, run on overdrafts via a bank/loan. But they shouldn't, that is the point. Link to post Share on other sites More sharing options...
Guest ObiChrisKenobi Posted December 30, 2009 Share Posted December 30, 2009 Pay up, Pompy, Pay up, Pompy... yeah, I know its old, but still... Simple solution. Make every Club debt free and penalise them points for every certain amount they go into debt. The ability to pay debt is what sets the top 4 agains't the rest. It means a Club that controls its finances and lives by its means will NEVER be able to challenge. How is that fair? There's very few clubs, if any (outside Germany) that are self sufficient, most, if not all, run on overdrafts via a bank/loan. But they shouldn't, that is the point. Too late to change that now though, not without hurting English football for decades. Link to post Share on other sites More sharing options...
Liam Liam Liam O Posted December 30, 2009 Share Posted December 30, 2009 The Revenue have taken a very hard line with football clubs, having been criticised for being too soft in a number of earlier cases. They shut down Kings Lynn a few weeks ago and they'd shut down Portsmouth too, size is not an object, it's all about ensuring debt recovery and more importantly providing a warning to future transgressors. Size obviously is an object which is why non league clubs go bust and league clubs don't. The size of the debt too, Whenever a team goes out of business the debt is usually tiny, one team went this season oweing something like 7k. No- size helps league clubs because there is more interest in saving the club and paying the Revenue what they are owed. It doesn't impact on the decisions made by HMRC. Not true unfortunately, they're being run more and more as a commercial institution over the last few years. Applying for the winding up a company (and tax contributor) the size of a Premier League club will be given far more consideration than doing it to a lower league club. Link to post Share on other sites More sharing options...
Liam Liam Liam O Posted December 30, 2009 Share Posted December 30, 2009 How do you dispute the VAT? The club would have to sign off each return after either their staff or accountants prepared it, not like the HMRC guess it or anything Even if its outstanding from previous owners, it would be correct and their fault for not seeing it when they bought in Unless they haven't been filing them. Link to post Share on other sites More sharing options...
Crumpy Gunt Posted December 30, 2009 Share Posted December 30, 2009 Pay up, Pompy, Pay up, Pompy... yeah, I know its old, but still... Simple solution. Make every Club debt free and penalise them points for every certain amount they go into debt. The ability to pay debt is what sets the top 4 agains't the rest. It means a Club that controls its finances and lives by its means will NEVER be able to challenge. How is that fair? There's very few clubs, if any (outside Germany) that are self sufficient, most, if not all, run on overdrafts via a bank/loan. But they shouldn't, that is the point. Too late to change that now though, not without hurting English football for decades. It'll hurt the Clubs who rule the roost at the top and have amassed massive debts. Link to post Share on other sites More sharing options...
Guest ObiChrisKenobi Posted December 30, 2009 Share Posted December 30, 2009 Pay up, Pompy, Pay up, Pompy... yeah, I know its old, but still... Simple solution. Make every Club debt free and penalise them points for every certain amount they go into debt. The ability to pay debt is what sets the top 4 agains't the rest. It means a Club that controls its finances and lives by its means will NEVER be able to challenge. How is that fair? There's very few clubs, if any (outside Germany) that are self sufficient, most, if not all, run on overdrafts via a bank/loan. But they shouldn't, that is the point. Too late to change that now though, not without hurting English football for decades. It'll hurt the Clubs who rule the roost at the top and have amassed massive debts. It'll hurt every club from the top to the bottom, as it'll have a knock effect in the transfer market, wage values, top talent will leave for abroad where they can get the money they want, etc. England will do poorly in Europe, the National team will suffer simply because the challenge for places in a 1st team have opened up due to the Foreigners leaving. Ticket prices will probably go up to cover costs of running clubs, TV deals will probably go down in value since the quality of football will have went down (due to top talent leaving). Its a bit naive to believe it'll only affect the top 4 clubs, it'll probably ruin British football from top to bottom for a long long time if they made a changing that drastic. Link to post Share on other sites More sharing options...
midds Posted December 30, 2009 Share Posted December 30, 2009 The big clubs would find a loophole. Something like Abramovic 'sponsoring' Chelsea shirts for £175m (or whatever) a season to ensure they were 'debt-free'. Money talks. Link to post Share on other sites More sharing options...
Guest ObiChrisKenobi Posted December 30, 2009 Share Posted December 30, 2009 Chelsea is a good example, as while the club is in debt, its owner isn't - he simply underwrites the loses and puts more money in. Simply put the English FA have left it far too long to act and enforce any changes onto clubs without crippling the English game. Link to post Share on other sites More sharing options...
1878 Posted December 30, 2009 Share Posted December 30, 2009 So thats Portsmouth, Southampton, and West Ham all financially crippled. Good manager Harry Redknapp..... What? how is it Harry Redknapp's fault? he left West Ham f***ing donkey's years ago plus they had bags of talented players come through the ranks who were sold for massive figures like both Ferdinands, Joe Cole etc. There are loads of clubs with money problems, some worse than others, but ultimately the financial responsibilities end with the board/chairman. They are the ones signing off the deals so you can't blame a manager if they say "sign me X" and the chairman does but on silly money. It's well known that Redknapp left West Ham in a right mess with all sorts of average players on sky high wages. He's done the same at Portsmouth too. Obviously the boards of both clubs played a part in it by allowing him to do whatever he wanted with the wage bill but he's still an irresponsible saggy faced t***. Expect him to be all over SSN with crocodile tears when Pompey go bust. Link to post Share on other sites More sharing options...
jarrovianmag Posted December 30, 2009 Share Posted December 30, 2009 Bloke who used to sit next to me at the match used to come up from London (him and his son shared ticket) and he said ages ago that Redknapp was a crook. His sister in law used to be his accountant but with drew her services as his accounts were so dodgy, fiddling allsorts allegedly Link to post Share on other sites More sharing options...
Liam Liam Liam O Posted December 30, 2009 Share Posted December 30, 2009 The big clubs would find a loophole. Something like Abramovic 'sponsoring' Chelsea shirts for £175m (or whatever) a season to ensure they were 'debt-free'. Money talks. Released news this week that they've converted most of the loans from him into shares, so they are almost debt free for that very reason. Link to post Share on other sites More sharing options...
Guest dover Posted December 31, 2009 Share Posted December 31, 2009 So thats Portsmouth, Southampton, and West Ham all financially crippled. Good manager Harry Redknapp..... What? how is it Harry Redknapp's fault? he left West Ham f***ing donkey's years ago plus they had bags of talented players come through the ranks who were sold for massive figures like both Ferdinands, Joe Cole etc. There are loads of clubs with money problems, some worse than others, but ultimately the financial responsibilities end with the board/chairman. They are the ones signing off the deals so you can't blame a manager if they say "sign me X" and the chairman does but on silly money. Are you David O Leary? Link to post Share on other sites More sharing options...
Matt Posted December 31, 2009 Share Posted December 31, 2009 Simple solution. Make every Club debt free and penalise them points for every certain amount they go into debt. The ability to pay debt is what sets the top 4 agains't the rest. It means a Club that controls its finances and lives by its means will NEVER be able to challenge. How is that fair? That would have the direct opposite effect. If clubs are unable to raise finance then they will never be able to match the spending of the incumbent CL teams, money will stay with money. I'm not sure how 'able' the top clubs are- Liverpool and Man Utd are both struggling to service their debt, while Chelsea / Man City are clearly outside of the equation given the wealth of their owners. Plus there is the need for clubs to raise debt to improve their infrastructure (otherwise we'd have spend the last 10 years with a 36,000 stadium). As with most clubs, the killer is not 'debt' as such but wage payments. That should be the target of any regulatory pressure. Link to post Share on other sites More sharing options...
Guest gggg Posted December 31, 2009 Share Posted December 31, 2009 http://www.timesonline.co.uk/multimedia/archive/00665/p72thursday_banner__665974a.jpg Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted December 31, 2009 Share Posted December 31, 2009 So lets say team x (probably invovlnig Harry Redknapp) wants to buy a player (who is remarkedly like David James) and Pompey want 2million for him and need to sell in the next week to avoid administration, would tema x be better placed to delay any bid for 6 days, push Pompey into adminsitration and get the player for nearer £1m? I can't see where they are going to raise the £6m+ from in the next week as I'm sure a number of chairmen of clubs who would be interested in their players would be looking for the lowest possible price for them and would wait for administration to strike. Link to post Share on other sites More sharing options...
midds Posted December 31, 2009 Share Posted December 31, 2009 So lets say team x (probably invovlnig Harry Redknapp) wants to buy a player (who is remarkedly like David James) and Pompey want 2million for him and need to sell in the next week to avoid administration, would tema x be better placed to delay any bid for 6 days, push Pompey into adminsitration and get the player for nearer £1m? I can't see where they are going to raise the £6m+ from in the next week as I'm sure a number of chairmen of clubs who would be interested in their players would be looking for the lowest possible price for them and would wait for administration to strike. More likely to offer them rock bottom money for them now and hope they accept it quickly. They'll raise the cash, but it will cripple them. Link to post Share on other sites More sharing options...
Offshore Posted December 31, 2009 Share Posted December 31, 2009 didn't we do something similar with Woodgate? Link to post Share on other sites More sharing options...
Guest toonlass Posted December 31, 2009 Share Posted December 31, 2009 http://www.timesonline.co.uk/multimedia/archive/00665/p72thursday_banner__665974a.jpg Link to post Share on other sites More sharing options...
Guest toonlass Posted December 31, 2009 Share Posted December 31, 2009 Breaking News on SSN - Pompey players have not been paid yet. They have till 4pm to get the money in the bank if the players are to be paid today. Link to post Share on other sites More sharing options...
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