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Discussion in 'Hull City' started by Chazz Rheinhold, Jul 3, 2025.

?

What’s gonna happen

  1. Temporary blip

  2. Complete ****ing collapse

  3. It’ll all be ok

  4. Relegation

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  1. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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    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.
     
    #1721
  2. Ric Glasgow

    Ric Glasgow Well-Known Member

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    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?
     
    #1722
    Fez likes this.
  3. petersaxton

    petersaxton Well-Known Member

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    it looks like he hasnt got much spare cash
     
    #1723
    nbetiger and Ric Glasgow like this.
  4. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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    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.
     
    #1724
    petersaxton and nbetiger like this.
  5. HCAFCHangout

    HCAFCHangout Well-Known Member

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    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.
     
    #1725
    springtiger and Drew like this.
  6. petersaxton

    petersaxton Well-Known Member

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    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
     
    #1726
  7. originallambrettaman

    originallambrettaman Mod Moderator
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    The company's just registered there for tax reasons, many companies are, including Nike, Tesla, Google, and Microsoft, none of which you'd call Dutch companies.
     
    #1727
  8. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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

    Both depend on eachother.
     
    #1728
  9. SW3 Chelsea Tiger

    SW3 Chelsea Tiger Well-Known Member

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    what are the tax advantages of registering there?
     
    #1729
  10. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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    Thinking about moving the yacht?
     
    #1730
    TwoWrights and Gone For A Walk like this.

  11. SW3 Chelsea Tiger

    SW3 Chelsea Tiger Well-Known Member

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    Hell no. Thinking about moving my company registrations
     
    #1731
  12. Mckechnie Orange

    Mckechnie Orange Well-Known Member

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    Probably wouldn't fit in the canals anyway.
     
    #1732
    TwoWrights likes this.
  13. Trumpton Tiger.

    Trumpton Tiger. Well-Known Member

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    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.
    .
     
    #1733
    springtiger likes this.
  14. FER ARK

    FER ARK Well-Known Member

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    Don’t know why, but, I’d have thought you’d be more of a Julian Clary type of guy. :emoticon-0127-lipss
     
    #1734
  15. petersaxton

    petersaxton Well-Known Member

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    Many accountants become entrepreneurs
     
    #1735
  16. springtiger

    springtiger Well-Known Member

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    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 ?
     
    #1736
  17. bradymk2

    bradymk2 Well-Known Member

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    Can he afford to buy the club?
     
    #1737
  18. SW3 Chelsea Tiger

    SW3 Chelsea Tiger Well-Known Member

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    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
     
    #1738
    Howdentiger2 likes this.
  19. petersaxton

    petersaxton Well-Known Member

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    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
     
    #1739
    SW3 Chelsea Tiger likes this.
  20. SW3 Chelsea Tiger

    SW3 Chelsea Tiger Well-Known Member

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    thanks
     
    #1740
    petersaxton likes this.

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