Gemmel

http://www.bbc.co.uk/news/uk-england-beds-bucks-herts-19868327 Loved this story - Can actually see my Mum and Dad doing something like this :) For those of you that par take - How much would that be worth?

plucky ones have got one back

My daughter had to spend a couple of days in hospital last week and from A&E, to the assessment ward, through to being put onto a main ward and then transfered to another ward, I was amazed at how many Polish / Eastern European patients there were. Just watching the whole dynamics of a working hospital, the costs must be huge. I have always been reasonably ambivalent towards immigration in the past, but found myself questioning how we could possibly afford it as a Country.

1st things first, BVI loan shark? (Also used by Everton & Fulham) The company is registered in the British Virgin Islands, as are 850,000 other companies - Not sure it takes a rocket scientist to work out why, but this company could be Barclays (Or a private arm) as easily as it could be "Honest arry (& Rosie's) loan corp. You have chosen to go with loan shark...Why? As for being big ****ing money, - in the grand scheme of things, it would appear not as it is only secured on one seasons ST value - which is probably around 10 - 12 million mark. As for why Ramirez package is so important - why? Everything that has ever been discussed publically, by Cortese with regard to running the business would be to live within it's means, we don't get the 70 millon premiership money until June 2013, so there was always going to be the need of a cash injection to sustain a Premiership club. I don't consider a loan for say 15 million to fund the squad until we get the guranteed 70 million a gamble. There are of course a million and one other things that need to be taken into consideration, but at a high level, you can see my point. The only relevance to it all, is the reasonable assumption we are no longer bank rolled by the family, which most of us assummed at the point at which they exchanged their loan for equity. Of course we want details, but the closest we will get is audited company accounts, that will tell us enough to know whether to start arranging "pack the park" fund raisers....Oh of course and the way things have been conducted to date, with every promised kept, every milstone reached, every creditor paid back and every loan note (Not withstanding this latest on) dispensed of.....I don't think we need to hit the panic button just yet.

At the risk of going off topic, it was definately Barclays who put us in admin ( I was convinced we had done it ourselves, but sepnt 20 minutes with Rupert who was spitting nails as he relived the story). The action from Barclays was (I suspect) two fold and encouraged by third parties. My best guess (And that is all it is) was Barclays were spooked at the falling attendances, when lowe returned and the fact we didn't get rid of anyone in the January transfer window (Infact my ailing memory thinks we added one player). Lowe for his faults was excellent when it came to getting the highest fees for our players, so (Am guessing again) refused to accept reduced offers. But it has been and gone and we are now a better club for it..... The irony is now that with Aviva getting an additional 4 million from us joining the prem, together with all previous payments (Lowe doubled up on repayments in the early years) the settlement from the purchase (Including all other creditors being paid in full) then Barclays who started everything off, might have lost more than anyone.

The blue few have turned into budding journos and investigators...... as previously said, just the three years too late. Thats said, one of them emailed baker tilly and asked when the report was due and this is the response; Hello Richard – Unfortunately we won't be publishing the details of our investigation - not least because to do so would prejudice the various pieces of litigation on claims against various parties. Investigations for the purposes of making these claims is ongoing, and by no means concluded. I'm sorry I can't be more helpful at this stage. Kind regards Corinne Corinne Gladstone Head of PR Baker Tilly Management Limited 25 Farringdon Street London, EC4A 4AB Phone: 020 3201 8000 Fax: 020 3201 8001 http://www.bakertilly.co.uk So who is litigating who? .....Also I didn't know that baker tilly and PKF had the offices next to each other

The pst guys seem to think that is the case and I think that he probably has, although, at a guess, it was probably his shout.

I wasn't. The stick you were beating Reid with, is based on the fact that he hasn't played football professionally and I was merely pointing out that given one of the greatest managers of our time, hadn't played either, suggests that your argument is flawed.

Boruc playing for the under 21's against man u tonight.... Just pulled off a great save accroding to twitter

Mourinho ????

Jo Brand Boy George

Great save yesterday. Just trying to get use to seeing a drop kick into the opponents half..... Its been over two years since I last saw a Saints keeper doing that.

PPI Bingo Accident at Work Car Insurance Thats 99% of adverts during the day.....and I don't even watch telly

So by taking away those benefits that would surely end the debate that they are better off on benefits - Therefore they would have to work? Or am I missing something

The mich hall article, is intresting and certainly does go past what is on here, but ultimately what does it mean? Is there enough "New' stuff in there to force the FL into refusing portpin and if so won't they just get someone else to front it? What happens if they approve Portpin, but then the Baker Tilly report comes out and points the finger of blame at portpin? How much time have PKF got left before thebanked parachute money is less than theri fees... Something will have to give this week is my best guess

Completely agree, there are ways of doing these things and this certainly wasn't the best way

They will only work on guranteed income. Next years TV money is not guaranteed, but the parachute payments would be if relegated, which is 16 million, but even so would probably work of the lower figure of season ticket revenue. The loan will be somewhere between 10 and 15 million and as some have already pointed out; That's very close to Gaston's fee.

I was trying to be conservative; 16,000 is one in every two of a full house buying a program, which seems unrealistic to me If it is 8,000 sold in total (regardless of how many previous sellers there were), then the total would be 480 quids worth of commission as opposed to the 180 it will cost then to sell through agency staff. It's fag packet maths, but probably not a million miles out.

Well if my maths is right and the seller quoted as saying you could sell 800 programs each at a prem match, then thats 48 quid per seller + 30 odd quids worth of free ticket. Ten agency staff at two hours will cost the club 9 pound an hour (tops) totalling 180 quid for all of them. Certainly not big money, but definatley savings to be made which if there were ten program sellers previously would work out at 300 quid a match, plus the extra money they will get from any of them that now buy a ticket

http://www.bbc.co.uk/sport/0/boxing/19847940

x 10000

For sure - It makes sense to invest upfront, to give ourselves a chance, but if it fails, it really would be a disaster

I think most of us assummed that at the point of converting the 33 million loan (Which included the purchase) into equity, that, that was the end of the family backing. The philosophy was always to be a self sustaining Premier league club, which has been backed up by string aquisitions of young talent with potential and the further investment in the academy and training ground. As for how much we are borrowing, we know it's not more than 16 million (So reasonably small amount) as it is only secured against one years season ticket / parachute payment) so in reality we are just investing this years TV/ Prem money now, before it is paid to us this season. As for HMRC, the accounts filed in March 2012 show all tax and NI payments up to date and I really don't think that a family of billionares and a successful business man would sanction 30 million pounds worth of transfers instead of paying the tax man, so I think we are ok on that front, although we understand you would be concerned about that :) So all in all, with the exception that the self sustaining part of the plan, looks like it is now in full swing, it's pretty much a non story. Sorry to disappoint

No it's not . Next years income streams is just the guarantee. Assuming payment milestones are met (In line with the TV / Prem payments to us) then the whole thing is null and void by the end of the season

Ha Ha.....If any equity release specialists are intrested (is that posh for loan sharks?) please get in touch ASAP