LoveItIfWeBeatU Posted March 31, 2018 Share Posted March 31, 2018 If we stay up, Ashley can't just pocket the £100m TV money from the club. It's the clubs money in the club's accounts. The owner can't just empty the bank balance and then sell. I hope he'll let the club operate on the money it has (which is supposedly always his idea how it finances itself). That's one of the reasons the budget this year was so low. In theory there will be £100m or so before expenses available in the Summer. Of course he can - the club is a 100% subsidiary of the holding company that he owns. He could distribute as much money as he wants up to himself at any time. My understanding of running a company is you can't personally just take money out and pay it into your personal bank account without getting absolutely hammered with tax. Now he could pay expenses to his other companies but if it was e.g. £20m to PR firm, £20m to Sports Direct, etc those figures have to be justified to HMRC. As far as selling NUFC, surely when he values the club at £300m that's with £0 in the bank account. I suppose if NUFC bank £100m in the Summer he can ask for £400m. Personally I doubt he'll find a buyer (I hope I'm wrong and we get a good owner/s). I can see him being stuck with NUFC but 'allowing' the club to run as a business so if there's £100m in the bank Rafa's budget would be from that after the usual expenses. Not really. Yes you pay tax on personal distributions but if he wanted to move money up it would likely be ultimately paid to MASH Holdings. The company would pay corporation tax on receipt of that distribution but that wouldn't be overly punitive. I work in corporate law and there are a number of ways that MA could then structure a distribution from topco to himself while not getting too hamstrung by tax issues. MA probably wouldn't elect to distribute anything to himself as he doesn't really have any incentive to do that right now, but that's not to say he couldn't take money out of the club at any time without much in the way of consequence. Fair enough. The £120m (or whatever it is) 'loan' he (MASH Holdings?) paid into NUFC could be repaid back out of NUFC's bank account using the TV money. That wouldn't make much football sense to do that but that's never stopped him before. Link to post Share on other sites More sharing options...
jonny1403 Posted March 31, 2018 Share Posted March 31, 2018 If we stay up, Ashley can't just pocket the £100m TV money from the club. It's the clubs money in the club's accounts. The owner can't just empty the bank balance and then sell. I hope he'll let the club operate on the money it has (which is supposedly always his idea how it finances itself). That's one of the reasons the budget this year was so low. In theory there will be £100m or so before expenses available in the Summer. Of course he can - the club is a 100% subsidiary of the holding company that he owns. He could distribute as much money as he wants up to himself at any time. My understanding of running a company is you can't personally just take money out and pay it into your personal bank account without getting absolutely hammered with tax. Now he could pay expenses to his other companies but if it was e.g. £20m to PR firm, £20m to Sports Direct, etc those figures have to be justified to HMRC. As far as selling NUFC, surely when he values the club at £300m that's with £0 in the bank account. I suppose if NUFC bank £100m in the Summer he can ask for £400m. Personally I doubt he'll find a buyer (I hope I'm wrong and we get a good owner/s). I can see him being stuck with NUFC but 'allowing' the club to run as a business so if there's £100m in the bank Rafa's budget would be from that after the usual expenses. Not really. Yes you pay tax on personal distributions but if he wanted to move money up it would likely be ultimately paid to MASH Holdings. The company would pay corporation tax on receipt of that distribution but that wouldn't be overly punitive. I work in corporate law and there are a number of ways that MA could then structure a distribution from topco to himself while not getting too hamstrung by tax issues. MA probably wouldn't elect to distribute anything to himself as he doesn't really have any incentive to do that right now, but that's not to say he couldn't take money out of the club at any time without much in the way of consequence. Fair enough. The £120m (or whatever it is) 'loan' he (MASH Holdings?) paid into NUFC could be repaid back out of NUFC's bank account using the TV money. That wouldn't make much football sense to do that but that's never stopped him before. It could yes - albeit TV money is not paid in one lump sum and given that Ashley is probably looking to present the club in its best financial footing ahead of a sale it would look more attractive keeping it on the balance sheet. It will all be factored into the purchase price on a sale obviously so MA doesn't lose either way. Link to post Share on other sites More sharing options...
Skeletor Posted April 7, 2018 Share Posted April 7, 2018 So... Link to post Share on other sites More sharing options...
samptime29 Posted April 7, 2018 Share Posted April 7, 2018 He gambled and won. Get the sale done quick Mike! Link to post Share on other sites More sharing options...
wormy Posted April 7, 2018 Share Posted April 7, 2018 But it's not mathematical. Link to post Share on other sites More sharing options...
TRon Posted April 7, 2018 Share Posted April 7, 2018 Link to post Share on other sites More sharing options...
Guest firetotheworks Posted April 7, 2018 Share Posted April 7, 2018 Didn't go to the wire enough for him to fuck off imo. He'll smell the money and stay or he'll sneakily increase the asking price. Link to post Share on other sites More sharing options...
George Bailey Posted April 7, 2018 Share Posted April 7, 2018 Had to chuckle at this. Link to post Share on other sites More sharing options...
bowlingcrofty Posted April 7, 2018 Share Posted April 7, 2018 https://www.mirror.co.uk/sport/football/news/amanda-staveley-takeover-newcastle-back-12321197 Link to post Share on other sites More sharing options...
Menace Posted April 7, 2018 Share Posted April 7, 2018 blimey Link to post Share on other sites More sharing options...
Ikon Posted April 7, 2018 Share Posted April 7, 2018 Does she have some tiny bug on her nose or something? Cant see from that small Photo. Link to post Share on other sites More sharing options...
mickeanders Posted April 7, 2018 Share Posted April 7, 2018 Link to post Share on other sites More sharing options...
sempuki Posted April 7, 2018 Share Posted April 7, 2018 blimey Looks boss-eyed. Link to post Share on other sites More sharing options...
Charlies Posted April 7, 2018 Share Posted April 7, 2018 And so it begins... Link to post Share on other sites More sharing options...
Kanji Posted April 7, 2018 Share Posted April 7, 2018 Don’t impact our current form please. Link to post Share on other sites More sharing options...
Kaizero Posted April 7, 2018 Share Posted April 7, 2018 Me looking at articles about Staveley: Link to post Share on other sites More sharing options...
Robster Posted April 7, 2018 Share Posted April 7, 2018 Pinch of salt. Link to post Share on other sites More sharing options...
Ikon Posted April 7, 2018 Share Posted April 7, 2018 Such a made up bullshit story as soon as we're all but safe Link to post Share on other sites More sharing options...
Fugazi Posted April 7, 2018 Share Posted April 7, 2018 blimey High chance of her biting your cock off Link to post Share on other sites More sharing options...
Odear Posted April 7, 2018 Share Posted April 7, 2018 Once bitten twice shy. Am more than happy to leave this until the summer. What’s happening on the pitch is far more enjoyable right now. Link to post Share on other sites More sharing options...
HaydnNUFC Posted April 7, 2018 Share Posted April 7, 2018 Nah. Everything's too positive atm. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted April 7, 2018 Share Posted April 7, 2018 I won't worry about until it's done now, highly sceptical. Link to post Share on other sites More sharing options...
Stifler Posted April 7, 2018 Share Posted April 7, 2018 After the Southampton win she instructed her lawyers to submit a bid for the club as soon as safety was confirmed. Link to post Share on other sites More sharing options...
Big Geordie Posted April 7, 2018 Share Posted April 7, 2018 She looks really boss eyed in that photo, mind! :: Link to post Share on other sites More sharing options...
HaydnNUFC Posted April 7, 2018 Share Posted April 7, 2018 After the Southampton win she instructed her lawyers to submit a bid for the club as soon as safety was confirmed. Bloody hell, check out Hermaeus Mora over here. Link to post Share on other sites More sharing options...
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