angelman

reckon you'll be able to get them for Xmas "made in China" for about £15.

Hmmm. Very plain to see. He doesn't want to insult HR by giving him £100k bonus on top of the £4m, so instead insults him by loaning him £100k on top of paying him £4m. Yup - that makes complete sense. And what about the $100k that went from Monaco to Florida, to a company owned by Mandy? If it was an investment, wouldn't it be easier to give HR the shares rather than loan HR the money to then give back to Mandy for shares? (Or am I mistaken there?)

If no buyer is forthcoming, which there seems not to be, and the club are trading while insolvent, even though there is a winding up order in place, wouldn't voluntary liquidation be the most realistic situation given that they must know that they are insolvent? Or do they now have to wait until compulsory liquidation? I wonder how long they can reasonably continue to trade (while looking for a new owner) before they have to pull the plug? I am also wondering whether HMRC want PFC 2010 to go bust in order to help with the football creditor's rule. If PFC2010 do go, then HMRC lose everything from the PCFC CVA. They could then possibly use this in their court case as an extreme example of what can happen and why they as a creditor have to take a back seat while football looks after itself. Frankly, if the football creditor's rule wasn't in place, then maybe selling clubs would be somewhat more circumspect about who they did/do business with and maybe Poopey would never have got into this position in the first place.

http://payecalculator.hmrc.gov.uk/PAYE1.aspx Using this, a tax bill of £800k a month would mean total wages far short of £3.2m - I also suspect that the figure includes both employer and employee NIC for both players and everyone else. EDIT - does anyone know whether the quoted figures of £x thousand a week players get paid are generally net or gross? I somewhere heard that foreigners just want a final amount and can never be bothered about the tax so ask the club to sort all that out.

From the Sun article - trying so hard to sell players that they reject Ipswich's offers. While I realise that they don't want a fire sale, it doesn't appear that they are that desperate to sell some players to raise £1.7m (as well as lowering the wage bill). OK they sell some 18yo for £500k. He had broken into the 1st team but wasn't a priority this season. It seems to me, that Poopey are doing as little as possible to sell players in the hope that someone gives them the money to survive. Chin seems unwilling to throw any more good money after bad, so it comes down to the PL and what they do with para-payments. I wonder how much is left, as haven't they already advanced some to Old Co.? On a technical point, who actually is entitled to the parachute payments? It was due to Old Co, but should New Co be entitled to it?

there is that word HOPEFULLY. Hopefully Saints will be signing Mesi and Ronaldo tomorrow.

don't know what you're talking about !!!

If/when this goes through, I think that I'll feel a bit sorry for Donny. While it might be our gain, it will surly really screw Donny. I know that if it wasn't us, it would be someone else and I know that they can try and get someone else in, but....

Billy Sharp....I knew there was a reason why I keep on pressing F5. Would be good if true.

wine

As delivered by Phil Lynott - Llove is like a peppermint machine, that's green, it's green". No idea what it means but hope one day someone might explain

it seems so. And why on earth do football clubs have this cherished status. they are there to make as much money as possible for the owners (or maybe that is to lose as little as possible) and don't give a huge amount back to the community. Sure players do, but that is players rather than the club. PFC provide a service for about 14k people on a weekly basis. Is it really worth HMRC breaking all the rules to make an exception for a company that services so few people? And if PFC can get away without paying any tax, shouldn't all football clubs be exempt, afterall one has to take into account "the social value they provide". Still extremely stupid comments from this MP who thinks that a local company should be able to flout the tax laws. Tell me, how many people are employed by PFC? Maybe she should be concentrating her efforts on BAE and the 3000 that might soon be out of work, something that would be much more detrimental to the social value of the City of Poopey.

Penny Mordaunt should shut up. She is showing her naivety, which may go with her youthfulness. Shall we add this £1.6m to the £37m that Poopey conned the taxman out of last time? Let's just round it off to £40m, and this is at a time when her boss is trying to get as much money into the coffers as possible. I feel like writing to the Chief Whip to censure her for her idiotic comments. I realise that she is MP for that **** hole and is expected to show support, but she should really think before acting especially with meaingless hollow gestures.

Chin did a £1m loan a couple of weeks ago. Maybe that is unsecured, maybe not.

Oh you cynic

Punch situation got to a stage of everyone cutting their nose off to spite their face. Maybe someone had a quiet word with both parties and laid it out as it was/is. From NC's point of view, it might be a way of strengthening the team for free as well as not losing money by sticking him in the reserves. For JP it is an opportunity to get back in the shop window. He does well for the rest of the season then his profile improves and can be sold, with all parties benefiting as opposed to yesterday's situation with all parties losing. Pride comes before a fall and all that. The only danger would be if he was a disruptive influence on the rest of the team and I imagine that that will be in hand.

haha. I said yesterday that he should be put in the 1st team as he is fired up. No other motivation needed - he does well, then good. He does badly, then he has proved he is full of hot air. Seem to recall the reaction to this was that I was talking bull's hit.

Quite. Take out the fact that they are our rivals, and if you look at the company as a company rather than a football club, then why anyone thinks that they should survive and not be closed down today, is a mystery.

possibly because they want more than £1,6m

Way back when the CVA was being set up, I seem to recall that a lot of it was based on player sales of £15m the first year, and then some other figure in the millions in subsequent years. However if player sales are needed to cover the WUP and to remain solvent, then they can't go towards the CVA. Or am I wrong in that and the parachute payments are the only income that is going to cover the CVA? And that is before you even get to the £15m and subsequent millions. If they do get off, then what message would that send? That football is more important than the law of the land?

Exactly. Can't Mandy pay who he wants, what he wants, where he wants? It's up to the payee to declare it.

How many seasons did Matt keep us in the Premiership, and how much was that worth?

Can't agree. Tax evasion is something you don't want to get pulled up on. Lester Piggot knew the right people and look what happened to him. I suspect that, unless HMRC cock it up, he will be found guilty as I am not sure that they would bring a case without being pretty damn sure of things (given it's high profile). Whether a custodial sentence will be passed is something else. I imagine a heavy fine and a suspended sentence if found guilty. Of course innocent until proved guilty.

Not a great situation. But. Puncheon seems to be nicely worked up. Why not call his bluff and put him in the team tonight? If he performs, he performs - certainly he must be worked up enough to do so. Then sell at the end of the season. If he doesn't perform, then he can be seen to be full of **** and then leave him on the sidelines