Donald and Methvan - Intentions???

[Grumpy Old Man]

I’m only talking about capital gains, hadnt given any thoughts to a distribution. Although now I have I imagine a reorganisation of some sort could result in creation of reserves to get new profits (!) out.

That could only really have happened if the intercompany debt had been released, rather than capitalised. It would then show as a movement on reserves, rather than capital (see the recent accounts of Bolton and QPR for how this works). If you can meet the conditions, you could also possibly release the contents of the share premium account.

 

[daveybigpotatoes]

That could only really have happened if the intercompany debt had been released, rather than capitalised. It would then show as a movement on reserves, rather than capital (see the recent accounts of Bolton and QPR for how this works). If you can meet the conditions, you could also possibly release the contents of the share premium account.

You’re a better accountant than I GOM - If I was at work I’d ring A tax guy for their opinion but no doubt they’d ask for more details and have four possible answers

 

[Grumpy Old Man]

You’re a better accountant than I GOM - If I was at work I’d ring A tax guy for their opinion but no doubt they’d ask for more details and have four possible answers

I was simply talking about the possible means of improving the reserves situation - the tax treatment is an entirely different matter. I can put together a basic comp without undue difficulty, but when it comes to tax planning, I defer to the mrs (no!) - she's a corporate tax specialist.

 

[Mainze]

Their intention is to take an asset and make it as valuable as possible and then cash it in for as much as possible, Sunderland to me was a safe bet, if i had the cash i would have bought the club.The support and attendances speak for themselves.What is amazing is that the previous owners never had the sense to do what the current owners are doing.Simple things like changing the seats, meeting the people etc all making the club a more attractive investment.

It does....but If they fail to get the club out of this utterly dog shit division at the first time of asking all the finest PR in the world won’t help them attract investment.