Movement of shares at the club

[howdydoo]

But ASD lighting and RUFC are separate entities

Other than common directors there?s no real connection

😂

[Townerslovechild]

Seems a sensible thing to do, given Mr Stewart's age and probably his waning interest in being the owner.
Whatever happens in the future he will always be our greatest ever owner in my opinion.

[RU66]

To avoid paying inheritance tax why it's been done would think.

[UlleyMiller]

Unless someone else is driving his car or he leaves it parked at NYS for fun, he's been at every home game bar one this season.

I've spotted him at enough away games to convince me he's got more than a passing interest too... unless he just really has nothing to do on Saturdays.

[millersrus]

To avoid paying inheritance tax why it's been done would think.

Family assets handover / planning would seem logical.

[Jocksgloves1]

Events like losing a relative always makes you assess your own life and priorities.

[Old_time_miller]

Fits. It has not been long coming after.

[Brin]

To avoid paying inheritance tax why it's been done would think.

Spot on! The laws on inheritance tax change on April 1st so had TS waited until later to transfer all to his son, he would have been walloped with a loss of millions.

[ManorFarmMiller]

Inheritance tax will be the reason for ASD. Debt to equity could be a couple of things - cash flow (we cant afford the repayments), looking to borrow (s/t liability to a l/t liability) or looking to sell ASD/RUFC - very much doubt the latter