Transfer Embargo

To be fair he did a sound financial job at the expense of any kind of footballing ambition also.

Just the club was genuinely brassic back then, and not by choice as it was under Ehab.

 

I don't know the value of his personal wealth but I'd hazard a guess if he were to write off the lot,he'd be in a bit of a pickle?

 

it looks like he hasnt got much spare cash

 

Of course there's a limit to the level of loss he could swallow. At the moment I can't see the club as worth much more than he bought it for. We only really have footballing assets and they barely survived in the championship last season.

He'd probably be looking at losing 60 -70% of his stated investment as things stand.

 

We had no sway of keeping Dan James because our academy at the time was Cat 3 and Swansea was Cat 2. FA rules allow players to move about for little compensation when moving to a higher grade category. For all their faults one of the major successes was improving the status to Cat 2. It may have let us keep players like Greaves and KLP.

 

he was still an accountant
he had an accounting practice
many people train to be an accountant because of the experience and then they get wider experience to run businesses

 

Administrative experience isn't necessarily the same as entrepreneurial experience. It's only part of the picture.

Both depend on eachother.

 

what are the tax advantages of registering there?

 

Thinking about moving the yacht?

 

Hell no. Thinking about moving my company registrations

 

Probably wouldn't fit in the canals anyway.

 

He did, and I told him so quite recently although I didn't appreciate it at the time.
Those were very dark days for the club, days I thought were well behind us but the news that broke last week catapulted us straight back, and the feeling for me was exactly the same.
Remember years ago when we had a commercial bloke from West Brom, I forget his name now but it will come back to me ( Gordon Dimbleby) He raised so much cash for Albion that they built a new stand from his deals. He invited me to his house once as he found out I lived around the corner from him. He had a huge framed photograph on the wall of the new stand he helped pay for, packed to the rafters and a brass plaque from the WBA fans thanking him for his work. Impressive.
Our attendances in those days were pity full and he was at his wits end how to win the fans back. He told me he dreaded going into the office in a morning because no-body, firm or company was remotely interested in sponsoring the club at the time. Interest in the club was at an all time low and he was almost in tears when telling me.
Why am I recalling this ?
Martin Fish operated in very similar circumstances, the club were pot less, nothing on the pitch, nobody in the stands, nothing in the Bank.
We were robbing Peter to pay Paul in those days. Even selling the redundant crush barriers for scrap value. Not to mention the name plaque above the players tunnel. Dark days indeed.
I hope we are not returning to them. But it feels exactly the same?
And that feeling wants stamping out quickly before it sets in throughout the city.
.

 

Don’t know why, but, I’d have thought you’d be more of a Julian Clary type of guy.

 

Many accountants become entrepreneurs

 

Well there’s a lot of major companies HQ’d on the edge of Dublin to avoid paying taxes elsewhere in Europe . Seems odd that the EU allow ‘inequality’ of tax laws when it’s supposed to be some form of collective that aids all members. ? Or have I missed the point of its existence ?

 

Can he afford to buy the club?

 

defo not…during the Covid lockdowns I considered bringing it to Hull marina but it was too wide to get in through the lock gates so no chance on a canal

 

Standard rate of corporate tax is 25.8% so not low
but they also offer tax-free investment holdings for passive investment activities
They have double taxation agreements with lots of other countries

 

thanks