£27m explained - Baggie Blood does this make sense?

[BaggieSingh]

https://www.expressandstar.com/sport...nts-explained/

I remember this getting people heated previously, BB does this tie in with your thoughts?

Cheers

[regis80]

https://www.expressandstar.com/sport...nts-explained/

I remember this getting people heated previously, BB does this tie in with your thoughts?

Cheers

What i’ve been trying to find out but could never start my investigation 🤔

[BaggieBlood]

Thanks Baggiesingh.

I hope that £27m is still in the club coffers, like I have stated before, but none of this makes sense, and obviously it didn't make sense to lost of other fans and shareholders.

Why borrow at high interest rates and high arrangement fees for loans and overdrafts when you have £27m earning very little interest in your bank accounts.

I hope that what is stated about Jenkins planning to simplify the accounts happens because at present they don't clearly show what is happening and where the money is, I believe the current situation was designed to confuse.

If JP left £27m in the accounts on his departure, then I am certain he would have just increased his price to lai by £27m, as there is no way he was leaving £27m earnt on his watch, behind in our accounts.

Imo it doesn't change the fact is Peace is a C??? who has done nothing for the Albion and did everything for his own self interest, leaving us with an idiot owner and a 25,000 capacity ground which sells out in the 2nd tier, but he felt it wasn't worth spending money expanding it when we had prem riches, including this £27m plus the additional 20% or so you can add to this figure, because that is what we would have had to pay HMRC in corporation tax every time we declared a profit.

[Baggiemadguern]

So my understanding is that Mr Peace did not pocket the £27m, and that money is still with the club to safeguard the minority shareholders dividends in the future. Is that correct or have I misunderstood it?

[mickd1961]

I’m with B.B. on this.

I’ve run my own LTD company for 21 years and I can’t get my head around this.

Borrowing money whilst you’re cash comfortable seems strange but I along with many businesses will borrow to leave ready cash for other things rather than need to go beginning the bank from a position of weakness.

This “saving to pay small shareholders” is laughable,since when have JP or Mightly Midget cared about the 12% of smallshaee holders?

I’d like to see this £27m in black and white and to know if it’s cash or assets.

Like others have said.....no way would JP have left £27m in cash in the safe.

[baggieal]

I’m with B.B. on this.

I’ve run my own LTD company for 21 years and I can’t get my head around this.

Borrowing money whilst you’re cash comfortable seems strange but I along with many businesses will borrow to leave ready cash for other things rather than need to go beginning the bank from a position of weakness.

This “saving to pay small shareholders” is laughable,since when have JP or Mightly Midget cared about the 12% of smallshaee holders?

I’d like to see this £27m in black and white and to know if it’s cash or assets.

Like others have said.....no way would JP have left £27m in cash in the safe.

I echo this from running my own companies. Do you really think JP gave a feck about the minority shareholders? Peace could have cut the shareholders some kind of deal in the Lai buyout which was the perfect opportunity. The man is a w anker!

[stripes39]

I echo this from running my own companies. Do you really think JP gave a feck about the minority shareholders? Peace could have cut the shareholders some kind of deal in the Lai buyout which was the perfect opportunity. The man is a w anker!

JP was never interested in the views of shareholders which was born out by his frequent no show at AGM’s. The AGM’s were held in London with the latter ones chaired by Jenkins. I remember one AGM making the news where 6 shareholders were present at some remote venue in London and no JP. I’m certain it wasn’t a legal obligation for him to attend but it spoke volumes as to how he saw the views of fans. That said, despite the lack of ambition we did have stability. Now we have neither stability or ambition.

[Baggie66]

I have a question. Are the shareholders in the football club and the shareholders of the holding company the same people ?
What I’m getting at is, is it possible for the holding company to make a profit whilst the football club runs on a break even basis regulated via inter group cash movements ?

[NortonBaggie]

Yes but then the Holding Company would be liable for Corporation Tax - which without checking back I think it was ( I could be wrong about paying tax because i cant be bothered to go back and check )

[Baggie66]

Of course, totally agree that either way the club or it’s holding company would be liable for the tax.
But, in theory then, is it possible for the holding company (and its shareholders) to make a profit and possibly receive dividends without shareholders in the actual football club receiving dividends ?