Mike Ashley (former owner) (still alive)

[Sean]

the venn diagram of 'people who are likely to eat tide pods' and 'people who think keith bishop is a keyser soze level mastermind' is just one circle.

 

Would you have to be a mastermind to put out fake takeover rumours? Would you fuck.

 

Theres no proof either way, so best to keep an open mind.

 

Now people who thought the takeover was going to happen (or had happened)...

[Kanj]

crucify us for hoping and believing?

[gdm]

the venn diagram of 'people who are likely to eat tide pods' and 'people who think keith bishop is a keyser soze level mastermind' is just one circle.

 

Would you have to be a mastermind to put out fake takeover rumours? Would you fuck.

 

Theres no proof either way, so best to keep an open mind.

 

Now people who thought the takeover was going to happen (or had happened)...

 

We get it, you never believed the takeover would happen. Dull as fuck man

[Mike]

I like how you added 'seriously' so you would definitely get a good solid answer.

 

[number9shirt]

Looking forward to the market opening hopefully the share price tanks and this tax thing in Europe finishes him. I really think it could be the beginning of the end.

[thomas]

the venn diagram of 'people who are likely to eat tide pods' and 'people who think keith bishop is a keyser soze level mastermind' is just one circle.

 

Would you have to be a mastermind to put out fake takeover rumours? Would you fuck.

Let's be clear here. the KBA Truthers out there aren't just crediting him with some kind of leak to the press but orchestrating the whole thing, up to and including BZGs involvement/non-involvement.

 

Theres no proof either way, so best to keep an open mind.

Don't be silly. There''s no proof the ghost of Elvis Presley didn't produce those leaks. Wow, must be just as likely as any other explanation then I guess, right? No, that's not how that works.

[Happinesstan]

Whilst having a wrap of the day at McD’s in Kingston Park on Saturday I monitored the footfall at the SD shop opposite. it appears the only people to frequent the place are fat or Eastern European. Brexit and sugar tax may be Ashley’s downfall

 

its the working classes, people with little money and kids to clothe etc. not everyone can afford to shop at JD.

they're hardly going to boycott SD because Ashley's fucked our club.

and I dont think we should criticise them because  of it.

 

That's nonsense, there's a load of cheap clothes shops people can go to.

 

Plus why does anyone have to clothe their kids in Donnay or Lonsdale from head to foot? Surely even things like Asda's George range is just as cheap and doesn't make you look like complete chav scum. Or Primark. Or anywhere. There's maybe a want or a desire to shop in SD from some people, clearly, as they have massive revenues. But there's not a need. It's still a choice which can be avoided by literally anyone.

 

Not too sure about this. I don't think kids are too aware of which labels are good/bad. If it's a label, it's designer. If it's asda, or Primark, you're a dirty tramp.

 

 

[Kanj]

Aye I’m moving his shit ticker symbol up to the 2nd spot of my terminal tomorrow morning

[Happinesstan]

the venn diagram of 'people who are likely to eat tide pods' and 'people who think keith bishop is a keyser soze level mastermind' is just one circle.

 

Would you have to be a mastermind to put out fake takeover rumours? Would you fuck.

Let's be clear here. the KBA Truthers out there aren't just crediting him with some kind of leak to the press but orchestrating the whole thing, up to and including BZGs involvement/non-involvement.

 

Theres no proof either way, so best to keep an open mind.

Don't be silly. There''s no proof the ghost of Elvis Presley didn't produce those leaks. Wow, must be just as likely as any other explanation then I guess, right? No, that's not how that works.

 

Absolutely! I mean the suggestion that a PR firm has been doing PR is fucking insane.

 

PR is more than arranging photoshoots with cancer patients, y'knaa?

 

[Robster]

Looking forward to the market opening hopefully the share price tanks and this tax thing in Europe finishes him. I really think it could be the beginning of the end.

I've learned to never get my hopes up when Mike Ashley is involved, whether that be relating to NUFC or his own personal downfall.

[Happinesstan]

Looking forward to the market opening hopefully the share price tanks and this tax thing in Europe finishes him. I really think it could be the beginning of the end.

I've learned to never get my hopes up when Mike Ashley is involved, whether that be relating to NUFC or his own personal downfall.

 

If he wants to take it all back, tomorrow could be like all his birthdays at once. I've no doubt that tax bill doesn't concern him. I wouldn't have a clue why, but he's known about it long enough.

[Johneddy]

Wish somebody would accept his invitation to go through the books and he will pay for it to happen as he said... we might find what every takeover group has found and what Rangers found within 12 months

[Dunce]

Mikes share price ?

[Dunce]

Another 20% down.

Wonderful !

[Guest covmag]

Mikes share price ?

 

Link ?

[NG32]

Wow, melting away. 

 

Looks like investors have lost interest in wallpaper.

[Cort]

https://www.theguardian.com/business/2019/jul/29/sports-direct-shares-results-mike-ashley-house-of-fraser

[Colos Short and Curlies]

I'm going to try and dig around a bit, but a very quick glance around does suggest that Belgium wont be an isolated case.

 

Between 2010 and 2015 SD charged UK VAT on all sales to EU countries, HMRC recommended that they contacted all 27 countries to clarify the position - SD appealed against this and won in a UK court but that doesn't mean that an EU court wouldn't over rule this (As the Belgians have done). SD have a distribution centre in Austria so I can definitely see that being an issue (and the Austrian tax regime is tough). France and Germany unfortunately I think will be pretty much covered as I think SD have registered companies there so not much in the way of sales from the UK.

 

Fingers crossed Italy get interested, if so expect this total bill to be north of €1bn, the question would then be how much is VAT (and in part reclaimable form HMRC) and how much is fines and interest

[Guest neesy111]

I'm going to try and dig around a bit, but a very quick glance around does suggest that Belgium wont be an isolated case.

 

Between 2010 and 2015 SD charged UK VAT on all sales to EU countries, HMRC recommended that they contacted all 27 countries to clarify the position - SD appealed against this and won in a UK court but that doesn't mean that an EU court wouldn't over rule this (As the Belgians have done). SD have a distribution centre in Austria so I can definitely see that being an issue (and the Austrian tax regime is tough). France and Germany unfortunately I think will be pretty much covered as I think SD have registered companies there so not much in the way of sales from the UK.

 

Fingers crossed Italy get interested, if so expect this total bill to be north of €1bn, the question would then be how much is VAT (and in part reclaimable form HMRC) and how much is fines and interest

 

[Happinesstan]

I'm going to try and dig around a bit, but a very quick glance around does suggest that Belgium wont be an isolated case.

 

Between 2010 and 2015 SD charged UK VAT on all sales to EU countries, HMRC recommended that they contacted all 27 countries to clarify the position - SD appealed against this and won in a UK court but that doesn't mean that an EU court wouldn't over rule this (As the Belgians have done). SD have a distribution centre in Austria so I can definitely see that being an issue (and the Austrian tax regime is tough). France and Germany unfortunately I think will be pretty much covered as I think SD have registered companies there so not much in the way of sales from the UK.

 

Fingers crossed Italy get interested, if so expect this total bill to be north of €1bn, the question would then be how much is VAT (and in part reclaimable form HMRC) and how much is fines and interest

 

Any idea how much he'll claim back from HMRC?

[Scoot]

27% fall in shite direct share price.

 

Excellent.

[loki679]

Eh? It’s down 9.95% and recovering.

[Colos Short and Curlies]

I'm going to try and dig around a bit, but a very quick glance around does suggest that Belgium wont be an isolated case.

 

Between 2010 and 2015 SD charged UK VAT on all sales to EU countries, HMRC recommended that they contacted all 27 countries to clarify the position - SD appealed against this and won in a UK court but that doesn't mean that an EU court wouldn't over rule this (As the Belgians have done). SD have a distribution centre in Austria so I can definitely see that being an issue (and the Austrian tax regime is tough). France and Germany unfortunately I think will be pretty much covered as I think SD have registered companies there so not much in the way of sales from the UK.

 

Fingers crossed Italy get interested, if so expect this total bill to be north of €1bn, the question would then be how much is VAT (and in part reclaimable form HMRC) and how much is fines and interest

 

Any idea how much he'll claim back from HMRC?

 

Its really difficult to put a decent guess on it as what we don't know is the breakdown of the £600m bill.

 

Trying to be a bit realistic, 25% of the bill being interest etc would be sensible so £480 would be VAT. Belgian VAT is 21% and as most of these sales were post 2011 UK VAT has been 20% for the full time - the UK VAT paid on sales would be £457m.

 

Putting together SD would have to find the £120m fine/interest and £23m additional VAT (Assuming HMRC accept that the VAT was paid in error and not as a malicious attempt to pay less VAT in which case they would levy their own fines......

[Scoot]

Eh? It’s down 9.95% and recovering.

 

Just what I read in that article in the guardian above.

[Happinesstan]

I'm going to try and dig around a bit, but a very quick glance around does suggest that Belgium wont be an isolated case.

 

Between 2010 and 2015 SD charged UK VAT on all sales to EU countries, HMRC recommended that they contacted all 27 countries to clarify the position - SD appealed against this and won in a UK court but that doesn't mean that an EU court wouldn't over rule this (As the Belgians have done). SD have a distribution centre in Austria so I can definitely see that being an issue (and the Austrian tax regime is tough). France and Germany unfortunately I think will be pretty much covered as I think SD have registered companies there so not much in the way of sales from the UK.

 

Fingers crossed Italy get interested, if so expect this total bill to be north of €1bn, the question would then be how much is VAT (and in part reclaimable form HMRC) and how much is fines and interest

 

Any idea how much he'll claim back from HMRC?

 

Its really difficult to put a decent guess on it as what we don't know is the breakdown of the £600m bill.

 

Trying to be a bit realistic, 25% of the bill being interest etc would be sensible so £480 would be VAT. Belgian VAT is 21% and as most of these sales were post 2011 UK VAT has been 20% for the full time - the UK VAT paid on sales would be £457m.

 

Putting together SD would have to find the £120m fine/interest and £23m additional VAT (Assuming HMRC accept that the VAT was paid in error and not as a malicious attempt to pay less VAT in which case they would levy their own fines......

 

appreciated.

 

Would the same apply to any other countries that do the same? I mean if other countries slapped him with a bill?

 

 

He is currently down £143 mill? Is that right? So if the impact on share price means the price of repurchasing is reduced by more than £143M he's done okay.

 

 

I'm not suggestig he's an evil genius that planned this all along, I'm just not convinced it's anything to celebrate. £457milion taken from HMRC will lead to an increased number of  customers for him.