Club loan taken out

[Brett]

big debate going on in California at the moment about how to get the billionaires to pay any tax at all.
They fund ther lifestyle by taking loans from their own company (which will never be repaid) Because a loan in theory does have to be repaid it's not counted as a 'tax event" and so the loan capital is tax free. If they sold shares in their own buisness they'd be liable for capital gains tax and maybe income tax.
As one of them once said " tax is for the little people" .

one of the reasons Musk is so successful is he DGAF what people think. He's got tax accountants providing him with his living expenses without selling stock or paying taxes and staying within the law.

It's how Musk gets around everything, puts up shares in Tesla as the collateral and then uses the loan to live his life

 

[old supporter]

Let's just leave the finances down to KLD and let us just concentrate on the team I'm sure he won't do anything that's detrimental to the future of the club

 

[Safc98]

Let's just leave the finances down to KLD and let us just concentrate on the team I'm sure he won't do anything that's detrimental to the future of the club

Not least because if he did he would totally shaft the profit he can make on his shares

 

[sir rowell cummins]

It's how Musk gets around everything, puts up shares in Tesla as the collateral and then uses the loan to live his life

And donates to fascists

 

[riffraff]

When do the PL teams get their distributions from the TV revenues? I'm guessing latter part of May when the campaign is over?

Seasons start on July 1st.