Guest wilyfox Posted June 10, 2021 Share Posted June 10, 2021 4 minutes ago, @owlstalk said: You have to remember that dreams really can come true Sure can princess, especially in Whitby. Link to comment Share on other sites More sharing options...
room0035 Posted June 10, 2021 Share Posted June 10, 2021 1 hour ago, wellbeaten-the-owl said: Got to remember though that swfc LTD also owe chansiri over £63 million through his directors loan account what's to stop him finding a away to write £52.5 million of that off against the amount he owes swfc ltd through Sheffield 3 limited. Because rules for creditors and debtors are difference if a club goes into administration. Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted June 10, 2021 Share Posted June 10, 2021 10 minutes ago, room0035 said: Because rules for creditors and debtors are difference if a club goes into administration. Not way will the club go into administration. Link to comment Share on other sites More sharing options...
sage owl Posted June 10, 2021 Share Posted June 10, 2021 1 hour ago, @owlstalk said: You have to remember that dreams really can come true This week ? . 1 Link to comment Share on other sites More sharing options...
Siggi's Jonnson Posted June 10, 2021 Share Posted June 10, 2021 It's going to be a sh@t storm Friday isn't it. Or does the week officially finish on Saturday or Sunday? Link to comment Share on other sites More sharing options...
@owlstalk Posted June 11, 2021 Author Share Posted June 11, 2021 8 hours ago, wilyfox said: Sure can princess, especially in Whitby. ESPECIALLY in Whitby! Owlstalk Shop Link to comment Share on other sites More sharing options...
JOHNHARKES Posted June 11, 2021 Share Posted June 11, 2021 Heard a whisper season tickets £365 kop £445 North. Link to comment Share on other sites More sharing options...
Roscoe P. Coltrane Posted June 11, 2021 Share Posted June 11, 2021 3 minutes ago, JOHNHARKES said: Heard a whisper season tickets £365 kop £445 North. Per game 2 Link to comment Share on other sites More sharing options...
Guest Hornsby Posted June 11, 2021 Share Posted June 11, 2021 10 hours ago, Grandad said: Just because you want this to be true won't make it actually true. But hey. Whatever Confirmation from one my company's external auditors, KPMG, Sheffield 3 ltd would have to revalue based on 'material valuation uncertainty' (VPS 3 and VPGA 10 of Royal Institute of Chartered Surveyors Red Book Global). In addition to community listing, also covers Covid period and any open market value based on Owls annual £2.5 rental must surely be uncertain if we can't even pay players. Still, Chansiri may be able to write off another £38 million loss against Thai tax if Lee is right. Great work by Trust. Link to comment Share on other sites More sharing options...
Morepork Posted June 11, 2021 Share Posted June 11, 2021 Out of interest, has anyone applied for a refund on this thread yet??? 3 Link to comment Share on other sites More sharing options...
room0035 Posted June 11, 2021 Share Posted June 11, 2021 So another week over nearly. The sponsored silence from Hillsborough continues, I kind of though the new Chief Operating Office would have told us how he was going to be improving the club by now, but as most suspected he appear to be COO in name only, with no actual powers to do anything. no fans money returned no players paid no players signed no players resigned no new signings, no new shirts no details of new seasons ticket prices and match day prices no accounts filed (weren't they due soon about 2 months ago) no new sponsors, naming right, stand and shirt sponsors But we have started relaying the pitch, I think because I have not seen any updates about it at all. Apologies if I missed anything. 6 Link to comment Share on other sites More sharing options...
Morepork Posted June 11, 2021 Share Posted June 11, 2021 We are like the Mary Celeste, captained by Lord Lucan headed towards the Bermuda Triangle……….the odds on getting an invite to Area 51 and finding extra terrestrial life are shorter than the prospect of good news coming from the club……. 1 1 Link to comment Share on other sites More sharing options...
nbupperthongowl Posted June 11, 2021 Share Posted June 11, 2021 17 minutes ago, Morepork said: We are like the Mary Celeste, captained by Lord Lucan headed towards the Bermuda Triangle……….the odds on getting an invite to Area 51 and finding extra terrestrial life are shorter than the prospect of good news coming from the club……. Which absolutely captures the mood Link to comment Share on other sites More sharing options...
striker Posted June 11, 2021 Share Posted June 11, 2021 Another day of nothing ahead, Chansiri still hiding. 2 Link to comment Share on other sites More sharing options...
quinnssweetshop Posted June 11, 2021 Share Posted June 11, 2021 1 hour ago, Morepork said: We are like the Mary Celeste, captained by Lord Lucan headed towards the Bermuda Triangle……….the odds on getting an invite to Area 51 and finding extra terrestrial life are shorter than the prospect of good news coming from the club……. And Paxo is shergar 2 Link to comment Share on other sites More sharing options...
Guest Grandad Posted June 11, 2021 Share Posted June 11, 2021 5 hours ago, Hornsby said: Confirmation from one my company's external auditors, KPMG, Sheffield 3 ltd would have to revalue based on 'material valuation uncertainty' (VPS 3 and VPGA 10 of Royal Institute of Chartered Surveyors Red Book Global). In addition to community listing, also covers Covid period and any open market value based on Owls annual £2.5 rental must surely be uncertain if we can't even pay players. Still, Chansiri may be able to write off another £38 million loss against Thai tax if Lee is right. I would imagine your KPMG guy is looking at the rules for PLC's - which are different. Any investment company should be looking at the value of investments annually - and revaluations can be done by directors. Revaluations cannot be allowed against UK tax (or foreign). Any revaluation would also look at the rental value too - and yield. Sheffield 3 is not a PLC - and is therefore not subject to the same rules. Sheffield 3 is also nothing to SWFC. Other than a landlord. Link to comment Share on other sites More sharing options...
striker Posted June 11, 2021 Share Posted June 11, 2021 Lots of debate about millions of pounds in accounting practices and tax write offs for a guy who has gone into hiding because he can't pay the bills,.or even fix the boiler. I suspect the pitch was only dug up to make it easier for Chansiri to look for spare change with his metal detector. 5 Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted June 11, 2021 Share Posted June 11, 2021 53 minutes ago, Grandad said: I would imagine your KPMG guy is looking at the rules for PLC's - which are different. Any investment company should be looking at the value of investments annually - and revaluations can be done by directors. Revaluations cannot be allowed against UK tax (or foreign). Any revaluation would also look at the rental value too - and yield. Sheffield 3 is not a PLC - and is therefore not subject to the same rules. Sheffield 3 is also nothing to SWFC. Other than a landlord. It's quite common for companies holding property to have to obtain a valuation for the accounts but can't honestly see how the ACV status makes any material difference to said valuation. And any loss would not be game over for the company as it's only a paper loss on a revaluation reserve so doesn't need funding in anyway. Regarding the ability of SWFC to pay the rent the more pertinent question is the ability of Sheffield 3 to pay the c£6m annual payment for the purchase. 2 Link to comment Share on other sites More sharing options...
Utah Owl Posted June 11, 2021 Share Posted June 11, 2021 3 hours ago, quinnssweetshop said: And Paxo is shergar Last seen in a Gregg's meat pastie! 2 Link to comment Share on other sites More sharing options...
Guest Hornsby Posted June 11, 2021 Share Posted June 11, 2021 2 hours ago, Grandad said: I would imagine your KPMG guy is looking at the rules for PLC's - which are different. Any investment company should be looking at the value of investments annually - and revaluations can be done by directors. Revaluations cannot be allowed against UK tax (or foreign). Any revaluation would also look at the rental value too - and yield. Sheffield 3 is not a PLC - and is therefore not subject to the same rules. Sheffield 3 is also nothing to SWFC. Other than a landlord. Because Covid covers all companies S3 ltd should already have down valued about 20 per centb , am told, as Leisure , Tourism etc ver badly hit. Accounts due 21 June interesting. By my O level maths, excluding loan which may be funding Owls, S3 has £2.5 million rental income but £7.5 million costs, first stadium instalment to Owls. That's £5 million operating loss already. Add revaluations, another £12 million down tube, before Trust gets to work. My tax planning is a bottle of bourbon through Green channel, but Lee and another expert poster said UK losses can be claimed against Thai tax. Making Wigan Admin look logical this. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now