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Quote: theredshed "I could be wrong on this but aren’t overseas players paid a basic monthly salary and then a lump sum payment at the end of their contracts?'"


Part of a naughty scheme which was found out by the HMRC a few years back..

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Quote: Chico "Part of a naughty scheme which was found out by the HMRC a few years back..'"


No I think you may be getting confused with royalty payments that other clubs were guilty of making to players to avoid tax.

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Quote: GT "Attended the hearing along with Walshovski.'"


Did Ms Darcy not use any good business-speak ?
I have been trying to recall a word used when a soccer club went a bit wrong,but my memory is shot.
Amortisation may not be relevant to this particular matter but may be to investors.
When it comes to business my ignorance is bliss.
Well done for attending and thanks for the update. icon_smile.gif

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The official club statement acknowledges the players adding to the WUP but also says the payments aren't due until the end on November. If this is the case how can they be added to the petition? I've not really got a clue about these things but common sense says to me that if the payments aren't due until end of November and it is currently only the end of October then there isn't a problem is there?

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Good to see the club getting statements out in a timely fashion - I wonder if the usual detractors will give the club any credit for doing just what they've been demanding?

To answer Ledge787, anyone can "say" they are owed money, that's the purpose of the court hearing - if they've added themselves to the petition and it's subsequently found that they are in the wrong then the costs of the club defending themselves could be awarded against the petitioners I believe.

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First accept sadness. Realise that without losing 70% of the time, winning wouldn't be such a relief.:d7dc4b20b2c2dd7b76ac6eac29d5604e_32990.jpg



Am I reading this right? Patten and Anderson supported the WUP petition that could have put the club out of business this morning and their former teammates and colleagues out of work for contractual payments that are not due to them until the end of November. icon_eek.gif

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Quote: theredshed "Am I reading this right? Patten and Anderson supported the WUP petition that could have put the club out of business this morning and their former teammates and colleagues out of work for contractual payments that are not due to them until the end of November.
Well the clubs says:
".....however the club maintains that payments owed to these players will be made on time and in advance of the second court date.
This matter relates to contractual payments not due to be made until the end of November."

Presumably the two concerned believe otherwise.

Who is right?
Who knows?

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HMRC don't tend to get involved if they payment plans are maintained. They will monitor the situation.

4.9 relates to service and notice of a petition I think.

This probably explains alot of Pattens moaning if he deferred wages. I wonder how much he earned if he is owed 40,000. (too much for what we got)

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With both players being out of contract, how can the money owed to them be due in November?

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was anybody knitting in the gallery?

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Quote: BartonFlyer "Good to see the club getting statements out in a timely fashion - I wonder if the usual detractors will give the club any credit for doing just what they've been demanding? '"


Seriously you are clutching onto these if you think the powers that be need a high 5 for telling people what everyone knew anyway!




Barton Flyer you name suits because your head in well untruly stuck in the clouds. Please see what the rest are seeing and conform to acknowledging the grim reaper that John Wilkinson and his inept colleagues have left the club at deaths door.

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Another gem from the bard.

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Damned if they do,and damned if they don't.
Par for the course on here

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Think for once the club seem to be doing this right, released statements when the WUP was started and pretty quickly after todays hearing.

Sure we'd all like a daily update on the take over/investment but if all parties don't want details being released then the club would be a little stupid to risk anything by making any comment on it.

I more can't wait to see how long after anything is announced or signed before the regulars start a new witch hunt, fault finding knobber athon again.

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ProgrammerThrower - you never disappoint!!

189 posts in 14 pages 
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Subscribe | Moderators: Admin, king of the shed
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