Home Home Calendar Calendar Search Search Register Register Login Login
Welcome, Guest.
Please login or register.
Fishy Forum › Fishy Boards › Archive › WHY GTFC IS IN DEBT
Users Browsing Forum
No Members and 273 Guests

WHY GTFC IS IN DEBT

  This thread currently has 7,719 views. Print
4 Pages Prev 1 2 3 4 Next All Recommend Thread
barralad
May 10, 2018, 2:45pm
Mariners Trust
Posts: 13,806
Posts Per Day: 2.32
Reputation: 79.47%
Rep Score: +85 / -22
Approval: +9,290
Gold Stars: 126
Quoted from The_Laughing_Mariner
So the Tax Man owes us £5.3m, why don't we claim it?


Oh good! I'm glad it's not just me...


The aim of argument or discussion should not be victory but progress.

Joseph Joubert.
Logged Offline
Private Message
0
2
0
 Reply: 20 - 32
The_Laughing_Mariner
May 10, 2018, 2:47pm
Brandy Drinker
Posts: 2,838
Posts Per Day: 0.47
Reputation: 78.02%
Rep Score: +17 / -5
Approval: +1,041
Gold Stars: 10
And you're Trust treasurer!  

BTW have you seen the Clee Grammar transformation on the Telegraph website?


<'(((((<

When I was a little boy
I asked my daddy what would i be
would I be United, would i be Leeds
Here's what he said to me

Oh Grimsby Grimsby
Whatever will be will be
You'll follow then faithfully
Oh Grimsby Grimsby


Tell me Mam me Mam
I dont want no tea no tea
I'm watching the Grimsby
Tell me Mam me mam
Logged Offline
Private Message
0
0
0
 Reply: 21 - 32
golfer
May 10, 2018, 3:26pm
Vodka Drinker
Posts: 6,923
Posts Per Day: 2.30
Reputation: 67.55%
Rep Score: +34 / -18
Approval: +3,428
Gold Stars: 116
Quoted from Mariner_09
The question is even if the club were in a position to pay off JF's "benign loans" (e.g a huge cup run over a couple of years or a series of player sales + sell ons at massive profit) would JF let them be paid off or would he prefer to keep the stranglehold on the club?


If we paid off those loans he would still have a stranglehold on the club because he would still be the non chairman majority share holder. His shares would most likely be worth more as the club would have no debt. So what's the point. Might as well stay as we are.
Logged Offline
Private Message
1
5
0
 Reply: 22 - 32
malkamalka
May 10, 2018, 7:07pm
Table Wine Drinker
Posts: 885
Posts Per Day: 0.15
Reputation: 83.41%
Rep Score: +2 / 0
Approval: +148
Gold Stars: 17
Is the ground not mortgaged or was it included in the bank debt?


"Knowledge speaks, but wisdom listens." (Jimi Hendrix)
Logged Offline
Private Message
0
0
0
 Reply: 23 - 32
AussieMariner
May 10, 2018, 7:07pm
Table Wine Drinker
Posts: 910
Posts Per Day: 0.34
Reputation: 77.64%
Rep Score: +13 / -4
Location: Leeds
Approval: +2,072
Gold Stars: 31
Quoted from mirrorballman


This isn't actually a tax debt. It is more like a tax credit based on historical losses. We can make profits and reduce the tax bill on these profits because we've made losses in the past.

I'm no expert but I think when we beat Liverpool, Chelsea, Manchesters City and United in the FA Cup next season before losing to Wycombe in the final and make a £5.3Million profit, we won't have to pay tax on it.


You’re being a bit fanciful there - no way would we lose to Wycombe. In fact I don’t think they’ll even make the final.
Logged Offline
Private Message
4
0
0
 Reply: 24 - 32
KingstonMariner
May 10, 2018, 10:14pm
Meths Drinker
Posts: 22,096
Posts Per Day: 6.07
Reputation: 79.33%
Rep Score: +42 / -11
Approval: +23,440
Gold Stars: 218
Quoted from golfer


If we paid off those loans he would still have a stranglehold on the club because he would still be the non chairman majority share holder. His shares would most likely be worth more as the club would have no debt. So what's the point. Might as well stay as we are.


Never quite sure if you're being serious or just got a very dry wit.

In case you're being serious, if JF owns 43% of the shares, and there was no longer any debt, he would not have a controlling interest as 43% is less than 51%.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
Logged Offline
Private Message
1
0
0
 Reply: 25 - 32
KingstonMariner
May 10, 2018, 10:15pm
Meths Drinker
Posts: 22,096
Posts Per Day: 6.07
Reputation: 79.33%
Rep Score: +42 / -11
Approval: +23,440
Gold Stars: 218
Quoted from rancido



I think he's just had enough.


So we agree with him on something then.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
Logged Offline
Private Message
3
1
0
 Reply: 26 - 32
RonMariner
May 12, 2018, 10:54am

Special Brew Drinker
Posts: 7,823
Posts Per Day: 1.42
Reputation: 84.78%
Rep Score: +42 / -7
Approval: +13,688
Gold Stars: 226
Quoted from The_Laughing_Mariner
So the Tax Man owes us £5.3m, why don't we claim it?


Tax man owes us nothing.

£5.3 million is the amount of accumulated tax losses brought forward from previous years. A company can offset those losses against future profits to reduce the future tax bill.

So if we sell Kelly and Dixon to Slade's next club resulting in a £6million profit for the year, we would only pay tax on the £700k difference between that and the brought forward losses.
Logged Offline
Private Message
3
0
0
 Reply: 27 - 32
The_Laughing_Mariner
May 13, 2018, 5:20am
Brandy Drinker
Posts: 2,838
Posts Per Day: 0.47
Reputation: 78.02%
Rep Score: +17 / -5
Approval: +1,041
Gold Stars: 10
I think I get it,


No I don't ???


<'(((((<

When I was a little boy
I asked my daddy what would i be
would I be United, would i be Leeds
Here's what he said to me

Oh Grimsby Grimsby
Whatever will be will be
You'll follow then faithfully
Oh Grimsby Grimsby


Tell me Mam me Mam
I dont want no tea no tea
I'm watching the Grimsby
Tell me Mam me mam
Logged Offline
Private Message
0
0
0
 Reply: 28 - 32
Vance Warner
May 13, 2018, 8:44am
Fine Wine Drinker
Posts: 1,000
Posts Per Day: 0.17
Reputation: 79.34%
Rep Score: +19 / -5
Approval: +2,808
Gold Stars: 102
Are we ever going to stop mentioning ITV bloody Digital?
Logged Offline
Private Message
2
3
0
 Reply: 29 - 32
4 Pages Prev 1 2 3 4 Next All Recommend Thread
Print

Fishy Forum › Fishy Boards › Archive › WHY GTFC IS IN DEBT

Back to top of page

This is not an official forum of Grimsby Town Football Club, the opinions expressed are those of the individual authors. If you see an offensive post then click "Report" on the relevant post. Posts will be deleted at the discretion of the moderators whose decision is final. Posts should abide by the Forum Rules. IP addresses of contributors together with dates and times of access are stored. The opinions and viewpoints expressed by contributors to The Fishy are their own and not necessarily those of The Fishy. The Fishy makes no claims that information dispersed through this forum is accurate or reliable. Also The Fishy cannot be held liable for any statements made by contributors of The Fishy.