- Aug 15, 2012
- 359
- 651
Think we have had all the paint jokes, as they are drying up... Time to put a lid on it.. ?
Yep time to give it the brush off.Think we have had all the paint jokes, as they are drying up... Time to put a lid on it.. ?
Us and united apparently but that’s no surprise as we are the two clubs that paid the most Tax
Ok, that's really enough now.Paintful.
Yes I think we can gloss over it now.By borrowing this money, Levy is in a sense laying down a tarp to protect the club from the drips and spills of possible financial fallout.
Arsenal and us paid the most tax a few years ago but Arsenal have changed their system so as to pay no tax as do other clubs tax avoidance if you will it has its obvious upside the downside is a non profitable company is unlikely to obtain a loan the size of this one .
Little as I know about this subject I believe it is something to do with paying tax on profit and most clubs spend any potential profits on transfers and investments so as to show the club making nil profit thus no tax under the current rules for football .
I believe going down this route results in clubs unable to loan vast amounts as their books portray the club as making nil profit therefore banks unwilling to loan as under these circumstances any club making nil profit is in no position to repay a loan .
Of course I am probably 100% wide of the mark but until its explained to me I will go on believing in this theory.
Yeah but Keith (24) and unemployed from Enfield says that he's tight and embarrassing our club ?
It's just masking the problem.Got to say...it's been emulsional.