Club statement on ownership

[blue]

You can write off the losses against tax.

that would depend in which jurisdiction the profit was being earned and in which jurisdiction the loss was being incurred - also, not all losses are tax deductible

 

[David Gwilliam]

The choice of words is interesting - "the last two years have been an incredible experience".

Incredible means "beyond credibility" or "you would not believe it." While people may argue about Sven or Nigel "incredible" is surely the right word for Paulo Sousa's short but memorable reign.

 

[Biffa Bacon]

Maybe the plan is to reduce their tax liabilities by registering the club as a charitable trust treating the terminally deluded.

 

[SJN-Fox]

The choice of words is interesting - "the last two years have been an incredible experience".

Incredible means "beyond credibility" or "you would not believe it." While people may argue about Sven or Nigel "incredible" is surely the right word for Paulo Sousa's short but memorable reign.

Sousa's reign may have been short but his influence lives on.

 

[From Gradel to Grave]

Sousa's reign may have been short but his influence lives on.

Sousa was here before the owners.

 

[bocadillo]

Sousa was here before the owners.

Doesn't mean he wasn't selected by them.

 

[SJN-Fox]

Sousa was here before the owners.

I never said he wasn't, all I said was that his influence lives on despit not being manager any more.

 

[Redditch Fox]

Stage 1 of getting shot now they've realised how little they know about running a club.

But, I could be wrong.

No easy solutions for these guys whatever title they want to apply to their ownership.

The club is heaped in liabilities; runs at a losss season on season; almost certainly unsellable; unsuccessful. Players sign for big fees and big wages and then can only be moved on at a loss, except Bamba of course who got himself a nice little deal in the sun too. And all that's just for starters.

 

[alex]

Spreading those big losses across the whole of KPI

Good move on their part

What my dreamboat said 'ere

 

[RHYDAL]

What my dreamboat said 'ere

Get a room.

 

[MerseyFox]

It is likely in this case that the parent company and the company that owns Leicester are in the same jurisdiction. Even if this is not that case there are ways around it. I don't think that King Power has any assets in the UK (could be wrong) and i am sure they would have a way of using the operating losses of the club to offset profits from the other parts of the business. It is the same reason that a lot of PLC are owned by companies based in Liechtenstein.

 

[Mawsley]

...almost certainly unsellable

Depends upon the price.