bluebear54 0 Posted June 6, 2011 Share Posted June 6, 2011 Anyone else find this bit amusing - " The consideration for the Acquisition was �£1, satisfied in full in cash"? Aye - that appealed to my sense of humour too. Wonder if he flicked the coin onto the table, or held it preciously between his fingers and gently lay the sparkling golden coin down on the table. 0 Quote Link to post Share on other sites More sharing options...
Guest BRIANMC1 Posted June 6, 2011 Share Posted June 6, 2011 So can Ally front load the transfer budget as Whyte alluded to previous if need be? 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,346 Posted June 6, 2011 Share Posted June 6, 2011 So can Ally front load the transfer budget as Whyte alluded to previous if need be? That's also unclear. However there's nothing to stop himn doing it, and it'd make sense for Whyte not to commit to it here. What he's stating here is what the agreement is. Anything above that is irrelevant for the circular. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,346 Posted June 6, 2011 Share Posted June 6, 2011 Aye - that appealed to my sense of humour too. Wonder if he flicked the coin onto the table, or held it preciously between his fingers and gently lay the sparkling golden coin down on the table. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted June 6, 2011 Share Posted June 6, 2011 I really want to believe that. I can just imagine Murray's face. 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted June 6, 2011 Share Posted June 6, 2011 I know of someone who got "done" by the VAT man.... to the tune of about 10k. He promptly showed up at the York St, Edinburgh offices of HM Customs (as they were at the time) with a van load of pennies. Customs had no option but to count them and accept them. 0 Quote Link to post Share on other sites More sharing options...
boss 0 Posted June 6, 2011 Share Posted June 6, 2011 I'm pleasantly surprised by the circular. We aren't debt free as has been mistakenly reported, but there is a commitment that the debt transferred to TRFCG will be waived if all goes well with the tax case. There will be funds made available - up to �£5m working capital, �£5m transfer fund, a further �£20m for transfers in future years, �£2.8m to meet a tax liability and �£1.7m for the stadium. However it is unclear as to whether this "investment" will be repayable to TRFCG at some point in the future. I guess we would assume that it is repayable, given that the document is silent on it. The �£20m is to be an investment, either by TRFCG or someone found by them by 2016. The rest is not specified as an investment so won't be - it'll be loans that will be repayable. The fact it doesn't state these will be be by way of investment tells us that they won't be! 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,153 Posted June 7, 2011 Share Posted June 7, 2011 The �£20m is to be an investment, either by TRFCG or someone found by them by 2016. The rest is not specified as an investment so won't be - it'll be loans that will be repayable. The fact it doesn't state these will be be by way of investment tells us that they won't be! Also doesn't mention that money as being added to the debt where it does other cash. Tax issue is hugely important to our future. 0 Quote Link to post Share on other sites More sharing options...
Jim1955 12 Posted June 7, 2011 Share Posted June 7, 2011 Seems to me that the wagons have been circled with regards to the tax issue, hope so anyway. Any good information on the likely time scale on hearing this case? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,153 Posted June 7, 2011 Share Posted June 7, 2011 Seems to me that the wagons have been circled with regards to the tax issue, hope so anyway. Any good information on the likely time scale on hearing this case? IIRC the initial judgement on the first-tier tribunal will be due sometime this month. Obviously though either party may appeal that judgement which would delay the actual conclusion by a fair degree. Generally, how long is a piece of string? 0 Quote Link to post Share on other sites More sharing options...
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