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Post by merseysideterrier on Aug 10, 2023 11:23:36 GMT 1
Just to be a boring git on the Capital Gains point, Town won't pay CGT as they're a company. Companies calculate capital gains and losses like individuals, but that is lumped in with other income and expenditure and subject to Corporation Tax instead. As Town generally make a loss for tax purposes, they won't pay any tax at all. Also as an academy product, LOB will have been in the books for £0 as it didn't cost us anything to acquire his registration (in terms of capital). I will bow to your superior knowledge, I always understood tax was paid on assets they sell for a profit? There will be tax consequences, in the sense that profits on player sales are subject to CT. However as Town generally make a trading loss, this can be set off against the capital gain in the same year to minimise or eliminate the actual tax to pay. We'll also have capital losses from previous years which can be offset against any gains too e.g. where we've sold a player for less than we paid. |
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Post by alexdire on Aug 14, 2023 10:31:26 GMT 1
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Post by townarentbest on Aug 14, 2023 10:51:31 GMT 1
If thats the case, then it would mean the EFL "is not satisfied with the evidence provided as to proof of funds" ?? 😲 (maybe down to the speed of the takeover going from zero to pressing go? - BUT - you'd think it would be possible to subsequently provide acceptable proof of funds and update and run to our own budget constraints?? Obviously we've been able to do contracts, so it can't be anything serious/worrying enough for EFL to be sanctioning us). |
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goodbet
Jimmy Glazzard Terrier
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Post by goodbet on Aug 14, 2023 11:42:56 GMT 1
This is worrying if true.
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Post by bells ringing :) on Aug 14, 2023 11:44:40 GMT 1
This is worrying if true. Hoyle wouldn't sell us to a complete dick twice , now would he ? o wait...... |
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Post by alexdire on Aug 14, 2023 11:55:59 GMT 1
This is worrying if true. Hoyle wouldn't sell us to a complete dick twice , now would he ? o wait...... The regs state the money has to be in a UK bank account. Maybe it wasn't when the takeover went through. Meaning the EFL forced the budget restraints on us. That doesn't mean there isn't money. I looked for these regs. As I remember PH and other new owners saying they had to prove three years of running costs and lodge the money. PH had the guaranteed parachute money. |
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Post by bells ringing :) on Aug 14, 2023 12:16:08 GMT 1
Hoyle wouldn't sell us to a complete dick twice , now would he ? o wait...... The regs state the money has to be in a UK bank account. Maybe it wasn't when the takeover went through. Meaning the EFL forced the budget restraints on us. That doesn't mean there isn't money. I looked for these regs. As I remember PH and other new owners saying they had to prove three years of running costs and lodge the money. PH had the guaranteed parachute money. Nagle i am very confident has finances in place, to run the club for sure. PH was still reliant on as you say payments and his buisness not going belly up- his money was tied up in x y and z . Nagle is an investor yes, but he also has money set aside for all this. |
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Post by royrace on Aug 14, 2023 14:29:47 GMT 1
If thats the case, then it would mean the EFL "is not satisfied with the evidence provided as to proof of funds" ?? 😲 (maybe down to the speed of the takeover going from zero to pressing go? - BUT - you'd think it would be possible to subsequently provide acceptable proof of funds and update and run to our own budget constraints?? Obviously we've been able to do contracts, so it can't be anything serious/worrying enough for EFL to be sanctioning us). It doesn't say the budget has to be tiny and barely enough to support a championship squad! |
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Post by pilks123 on Aug 14, 2023 15:01:55 GMT 1
Hoyle wouldn't sell us to a complete dick twice , now would he ? o wait...... The regs state the money has to be in a UK bank account. Maybe it wasn't when the takeover went through. Meaning the EFL forced the budget restraints on us. That doesn't mean there isn't money. I looked for these regs. As I remember PH and other new owners saying they had to prove three years of running costs and lodge the money. PH had the guaranteed parachute money. the key thing to take from this legislation (if it actually has been imposed here which i'm not sure of) is that it's based on the EFL's nervousness as to the funding ability of the new incoming owner. So we can probably kibosh the idea that Dean set a frugal budget and we're bound by it. I'd doubt though it has anything to do with Kevin being short a few bob. The Sacramento Kings shares alone would have made him significant cheddar. (Kings worth approx 1.9BN - even something as small as 5% shareholding is 98 million). Probably more to do with timing and movement of funds and being able to prove said wealth. If the club was bought so quickly it's understandable some things might not have been readily available on this front. Let's hope the shackles come off next year and waves are made. |
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Post by dalesterrier on Aug 14, 2023 15:13:36 GMT 1
I think I read he had a 17% shareholding in the Kings
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Post by gledholt terrier on Aug 14, 2023 15:23:46 GMT 1
I think I read he had a 17% shareholding in the Kings There was a group of 5 minority shareholders who owned 17% and KN retained some of his shares when that 17% was sold. Ownership percentages are a bit opaque kingsherald.com/latest-news/kings-confirm-sale-of-ownership-shares-to-arctos-sports-partners/ It was suggested that in the future KN will look for more investors (presumably along the lines of this model) and someone like his guest on Saturday may fit that bill? Why would they fly from California’s Wine Country to watch a Championship football match? |
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Post by dalesterrier on Aug 14, 2023 15:32:50 GMT 1
I think I read he had a 17% shareholding in the Kings There was a group of 5 minority shareholders who owned 17% and KN retained some of his shares when that 17% was sold. Ownership percentages are a bit opaque kingsherald.com/latest-news/kings-confirm-sale-of-ownership-shares-to-arctos-sports-partners/ It was suggested that in the future KN will look for more investors (presumably along the lines of this model) and someone like his guest on Saturday may fit that bill? Why would they fly from California’s Wine Country to watch a Championship football match? They were already on holiday in the UK. Did a bit of Instagram stalking 🤦🤦 But I agree, I think it's very likely that we'll see other investors in time |
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Post by Mastercracker on Aug 14, 2023 15:40:35 GMT 1
There was a group of 5 minority shareholders who owned 17% and KN retained some of his shares when that 17% was sold. Ownership percentages are a bit opaque kingsherald.com/latest-news/kings-confirm-sale-of-ownership-shares-to-arctos-sports-partners/ It was suggested that in the future KN will look for more investors (presumably along the lines of this model) and someone like his guest on Saturday may fit that bill? Why would they fly from California’s Wine Country to watch a Championship football match? They were already on holiday in the UK. Did a bit of Instagram stalking 🤦🤦 But I agree, I think it's very likely that we'll see other investors in timeAgree with this, I think this season is all about stability, infrastructure and selling a story. Hopefully next season he gets us moving forward and once trending the right way more money comes on board. |
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Post by belizian on Aug 17, 2023 12:26:22 GMT 1
I'd be very surprised if Kev's here in 3 years time unless he manages to get a deal with Netflix. I just don't think we're the right club, or town for that matter, for an extravert American owner.
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Tiro
Jimmy Glazzard Terrier
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Post by Tiro on Aug 17, 2023 12:57:38 GMT 1
There's something irksome that's been nagging me for a while and it is about time I got it off my chest: If Nagle is pronounced like 'Bagel', shouldn't it be spelt 'Nagel'? Otherwise it's Nag-le, like  and niggle. |
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Post by yorkshiretripod on Aug 17, 2023 13:10:49 GMT 1
There's something irksome that's been nagging me for a while and it is about time I got it off my chest: If Nagle is pronounced like 'Bagel', shouldn't it be spelt 'Nagel'? Otherwise it's Nag-le, like and niggle. Not necessarily. Inveigle. I think the emphasis is on the 'a' as an 'ay' sound. |
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Post by sabailand on Aug 17, 2023 14:01:45 GMT 1
I'd be very surprised if Kev's here in 3 years time unless he manages to get a deal with Netflix. I just don't think we're the right club, or town for that matter, for an extravert American owner. Are you saying that cos we've lost our first three competative ganes of the season.  |
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crux
Jimmy Glazzard Terrier
[M0:0]
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Post by crux on Aug 17, 2023 14:03:05 GMT 1
I'd be very surprised if Kev's here in 3 years time unless he manages to get a deal with Netflix. I just don't think we're the right club, or town for that matter, for an extravert American owner. Presumably you think Sacremento has streets paved with gold, or similar then? He picked Huddersfield because of the similarities to where he's from, not the differences. It wouldn't surprise me if KN has brought other investors on board within the next 3 years. He builds businesses, if you read up about him, it's what he does. He may, or may not stick around afterwards - that may well depend on how successful he is in getting control of the stadium and surrounding area. If he gets full ownership, I can see he being here for a while. If he gets control, but without ownership, then who knows. |
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Post by Porrohman on Aug 17, 2023 14:13:19 GMT 1
There's something irksome that's been nagging me for a while and it is about time I got it off my chest: If Nagle is pronounced like 'Bagel', shouldn't it be spelt 'Nagel'? Otherwise it's Nag-le, like and niggle. Or candle 🤔 |
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Post by Porrohman on Aug 17, 2023 14:15:26 GMT 1
I'd be very surprised if Kev's here in 3 years time unless he manages to get a deal with Netflix. I just don't think we're the right club, or town for that matter, for an extravert American owner. Presumably you think Sacremento has streets paved with gold, or similar then? He picked Huddersfield because of the similarities to where he's from, not the differences. It wouldn't surprise me if KN has brought other investors on board within the next 3 years. He builds businesses, if you read up about him, it's what he does. He may, or may not stick around afterwards - that may well depend on how successful he is in getting control of the stadium and surrounding area. If he gets full ownership, I can see he being here for a while. If he gets control, but without ownership, then who knows. My worry is, he's no spring chicken. If something happened to him then what ? |
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Post by schindlersmissed on Aug 17, 2023 14:31:15 GMT 1
I'd be very surprised if Kev's here in 3 years time unless he manages to get a deal with Netflix. I just don't think we're the right club, or town for that matter, for an extravert American owner. Having met him I’m confident that you’re wrong there and that such an historic club as ours is exactly what engages him. |
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Tiro
Jimmy Glazzard Terrier
Posts: 4,025
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Post by Tiro on Aug 17, 2023 15:01:25 GMT 1
There's something irksome that's been nagging me for a while and it is about time I got it off my chest: If Nagle is pronounced like 'Bagel', shouldn't it be spelt 'Nagel'? Otherwise it's Nag-le, like and niggle. Not necessarily. Inveigle. I think the emphasis is on the 'a' as an 'ay' sound. I can’t agree. The ‘I’ clearly changed that dimension. Like in beige and siege. And in this instance, it’s absent. Though I agree the addition of an I could also result in ‘ney-gle’. |
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Post by sallycinnamon on Aug 17, 2023 15:17:51 GMT 1
There's something irksome that's been nagging me for a while and it is about time I got it off my chest: If Nagle is pronounced like 'Bagel', shouldn't it be spelt 'Nagel'? Otherwise it's Nag-le, like and niggle. Double consonant changes the pronunciation in and niggle though. For me, the closest word to it that I can think of is ladle, pronounced same way as everyone is pronouncing Nagle. Funking hell I'm a boring bustard. |
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Post by softboy on Aug 17, 2023 15:26:57 GMT 1
I'd be very surprised if Kev's here in 3 years time unless he manages to get a deal with Netflix. I just don't think we're the right club, or town for that matter, for an extravert American owner. Why. One step away from PL, a history to be told, 4m people live within 1 hour of Huddersfield. I am in no illusions this is a investment to him, and he wants a return but I do feel we need to give him at least 6/12 months before we come to conclusion. I am sure he has plenty of ideas, it might work, it might not. But sure as hell we weren't going forward without a change of ownership. That's not a critisism of DH more a factual observation. |
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Post by htfcfcfc on Aug 17, 2023 15:40:58 GMT 1
Can’t believe the scepticism Nagle is getting. I think he’s laid out a huge ambition and exciting ideas to secure the future of the club and drive it forward. Yes, the funds initially look light but folk should spend a bit more time thinking what the future would have been like without him until we see anything to truly get worried about.
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Post by htafcokay on Aug 17, 2023 15:43:19 GMT 1
Can’t believe the scepticism Nagle is getting. I think he’s laid out a huge ambition and exciting ideas to secure the future of the club and drive it forward. Yes, the funds initially look light but folk should spend a bit more time thinking what the future would have been like without him until we see anything to truly get worried about. What are these ambitions and exciting ideas? |
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Post by htfcfcfc on Aug 17, 2023 15:45:59 GMT 1
Can’t believe the scepticism Nagle is getting. I think he’s laid out a huge ambition and exciting ideas to secure the future of the club and drive it forward. Yes, the funds initially look light but folk should spend a bit more time thinking what the future would have been like without him until we see anything to truly get worried about. What are these ambitions and exciting ideas? You’ve really heard nothing of any positivity? |
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Post by HuddsTerrier on Aug 17, 2023 15:51:19 GMT 1
For me Nagle has done everything right so fair
Assuming he is restricted by financially by FFP - which all indications are the case
He's hired Warnock. Edwards looks a good appointment. Cartwright comes across very well
Relaunched the academy
Conducting a root and branch review of the Customer experience to make it better
Spoke a lot of sense on the Stadium
Fronted up at face to face Q and As. As well as Magic Rock I believe he did Disabled Supporters as well
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Dan
Andy Booth Terrier
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Post by Dan on Aug 17, 2023 16:00:28 GMT 1
For me Nagle has done everything right so fair Assuming he is restricted by financially by FFP - which all indications are the case He's hired Warnock. Edwards looks a good appointment. Cartwright comes across very well Relaunched the academy Conducting a root and branch review of the Customer experience to make it better Spoke a lot of sense on the Stadium Fronted up at face to Q and As. As well as Magic Rock I believe he did Disabled Supporters as well Agree with all this, but just have my reservations on Cartwright. Felt the calls for Chris Markham were on point for that role - doing a terrific job at Bolton. Really happy with the quick movement to begin the upgrade of the academy to Cat 3. I think a Cat 3 academy is going to be a prerequisite to be promoted into the PL in the next few years. Great that local lads between 9-16 can play for Town again. |
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Post by colnevalleyblue on Aug 17, 2023 16:26:25 GMT 1
For me Nagle has done everything right so fair Assuming he is restricted by financially by FFP - which all indications are the case He's hired Warnock. Edwards looks a good appointment. Cartwright comes across very well Relaunched the academy Conducting a root and branch review of the Customer experience to make it better Spoke a lot of sense on the Stadium Fronted up at face to Q and As. As well as Magic Rock I believe he did Disabled Supporters as well Agree with all this, but just have my reservations on Cartwright. Felt the calls for Chris Markham were on point for that role - doing a terrific job at Bolton. Really happy with the quick movement to begin the upgrade of the academy to Cat 3. I think a Cat 3 academy is going to be a prerequisite to be promoted into the PL in the next few years. Great that local lads between 9-16 can play for Town again. I'm assuming Nagle is familiar with Cartwright and would prefer someone he already knows or at least had first hand recommendations of, as oppose to Markham who he probably doesn't know exists. I too would like to see Markham in the role but maybe it's one that will have to wait for the future. |
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and niggle. 
