Rovers have no EBT issues to worry about, never used such an agressive tax policy.

Tomorrow.

Off out for a slap up fish supper later, this is the laziest I´ve ever been on holiday.

Brought the Brylcreem with me. I once went to Italy and left all my cosmetics at home, the only hair product I could find was a wax stick. After three days my hair was completely water proof, I could just wash it for an hour and then simply re style, took me about three weeks to get it all out.

Might go swimming in a bit. Rubbish at wimming me. Do frog arms and crawl legs. Ms. Terrorist used to be in a swimming club, think it was run by peadophiles as it was called The Binley Beevers.

So Mrs.B. Having done due diligence on Hull FC what would you give to take it over? You cannot value "potential" as you well know! I will stand by my valuation and the proviso that I would cover the known debts. Be aware that when the Allams took over City they had a cluase that any "unknowns" would be down to the previous owner, not that I am saying this is the situation at your club!!!

Still suffering the same basic failure to understand financials I see.

Oh great, 7 days since our season finished,and we are already into the annual "financial discussions". Can somebody wake me up in February, this is worse than going to work.

I don't even know what EBT stands for, so I can't answer Easty's questions. Maybe it stands for Easty's Boring Thread?

How would you define goodwill, then? It's "That part of business value over and above the value of identifiable business assets." NPV of future cashflows is a pretty standard way to value a business.

Tbf, Hartleystash has definitively answered the question- Rovers have zero exposure on tax issues. The rest is just people derailing the thread to have a go at me .

I'm glad our alleged new coach has a degree in Economics, maybe he can join in conversations on here!

I almost broke out into "My Perfect Cousin" then, but realised that would be de-railment.

I really hope that's true and that by reducing the HMRC debt by £1m he's effectively robbed it from hetherington's purse

Reet...
EBT is Employee Benefit Trust. Tax avoidance schemes - note 'avoidance' rather than 'evasion'. A loophole, the closure of which is being applied retrospectively. Which is a fairly tough stance from HMRC - perhaps reflecting our nation's indebtedness.

rlhttp://www.contractorfriend.co.uk/contractor-news/view/hmrc-sound-death-knell-for-ebt-tax-avoidance-loan-schemes-578rl

We don't know Rovers' level of liability - and as we haven't had a change of board, with the new wanting to rubbish the reputation of the old, I don't see any need for us to. (BTW Adam, if you really want to stick the boot in, I assume you could allow Paul Cooke to tell his story now. )

Now that we're all on the same page, FC and Rovers fans alike, of deciding that aspiration isn't arrogance and investment isn't necessarily profligate, I see no reason for us to fall out.

Hiya Rob!

You've popped out from under your umbrella for your annual visit to the forum, then?

That would have a warm feeling to it.

Glad I am not the only one!!

TBH I do not even know why I am reading this thread