FPP to take full control

Certain of Donald ****ing off? Personally yes, but only my opinion.

 

I'll be honest mate, I don't have a clue what some of these people are talking about but they owe me nowt so I can't demand endless explanations.

One lad, who's a high flying London corporate lawyer, I met through the Sheikh, leaves me floundering.

He was the one who tipped me off about Ashley peddling Staveley well in advance.

I managed a couple of minutes with him earlier and he was on about levers, mechanics, phantom buyers and all kinds of stuff.

I think he was saying FPP may well be taking over but lowering their tax obigation or finding a way around what they can spend on us.

I've no idea tbh

 

Sartori's shares changed tp Arvesa Corp BVI. Tried a search on Google but no luck than BVI tands for British Virgin Islands.

 

I can see if I can find out if there's an obvious tax advantage to this over dinner. Not sure my mrs will be happy as she has about 5 things on her plate and while I sit in my office she's in hers (in the same house) still working after leaving at 7am this morning. Might make this a very very high level query

 

My simplistic view is that if they are taking over then it would be easier for them to by Madrox outright using the American LLP company that holds the current charge.
If they purchased the club using the UK company then they'd have to spend a bit getting the charge transfered over. Buying Madrox is just a little cleaner.

 

Yeah that was because they updated the confirmation statement of who owns what. It's usual for individuals to run their investments through companies as they limit the liability (hence LTD or LLP in the US) to them. I doubt very very much whether these lads would invest without a LTD in place. In fact I'd say the chances were virtually zero as if SAFC went kaput, it may open them up to personal liability.

 

That could be related to rules for politicians owning companies. The yanks have rules like that as does Australia.

 

There wouldn't be a charge if they took us over directly. It would be resolved when they said it was, they just pay someone to file the paperwork which will be boilerplate stuff.

 

I'm talking about the decision to quash it which is definitive ...

... the length of time the process takes is irrelevant.

 

Fair enough.

I wonder if there's any tax advantages to them if the club is owned by an American company rather than a UK based one then.

Maybe there's advantages that Trump is putting in place post Brexit in regards to trading/dealing with the UK

 

I'm about to ask this. May get a clip.

 

****ing hell man, it won’t take long to eat that then. Plenty of time to interrogate her

 

45 seasons watching Safc, I'm a believer.

 

Yeh we have some marvellous fans who will follow through thick and thin
And they keep coming year after year the support is incredible
However like most clubs we have dickheads

 

**** all good ever happens to us. Knew this would be too good to be true but Donald did warn us they were no longer interested.
Where the **** do we go from here!

 

All the ins and outs must be mindboggling like!

If they can save a good chunk of money you can see why they'd do all sorts of fancy manoeuvring. Ozzymac mentioned the Brexit trade implications which never crossed my mind at all.

So many twists and turns.

 

The only reason i mentioned it was because we know trump wants to solidify trade agreements with the UK so who knows what incentives may be offered to US businessmen.

Bit like people being concerned about the price of wine increasing due to tariffs that may be placed upon the imports/exports. It may have an effect on the European wine as they've had heavy EU import tariffs for years to try and protect the wine industry which has made Australian wine more expensive in Europe. Brexit could very well mean that Aussie wine may be cheaper to import as the EU tariffs won't exist.

 

Donald is not impressed that we are letting Huawei do their 5G gig. Could be repercussions on trade deals.

 

So asked the mrs about some of this very briefly. For context, she works for one of the big 4 doing tax advice on mergers and acquisitions, so essentially there was probably a 1 in 4 chance of her ending up actually giving them this advice in the first place

She said that they wouldn't be buying a UK company with a US company. That's pretty much as good as you're going to get on this one.

She also said if they were buying us, they'd likely also set up other companies around the holding company rather than just one, although she did say the major advantages for this were around debt facilities, so might not be an immediate concern in this case.

But if they invest she said they would almost certainly be setting up another UK company.

 

So in a nutshell, adios FPP.