Whitey Grandad

More likely simplifying the club structure to make it cleaner for a new owner. Selling academy products at high prices might be to entice a buyer with proof of the academy's value.

Yes, it's not very clear, is it? FA regulations appear to limit long-term loans (over 93 days) to a maximum of four from UK leagues, no more than 2 from any one club. Section 6.6.3: http://www.thefa.com/~/media/files/thefaportal/governance-docs/rules-of-the-association/2013-14/standardised-rules.ashx http://www.dailyecho.co.uk/sport/saints/news/11381293.taider_set_to_arrive_from_inter___osvaldo_to_go_in_opposite_direction/?action=complain&cid=13020970

Yes, very interesting. The links are also good reading. It all seems plausible to me.

I'm optimistic about the new season

Concerned but not worried - yet.

And draws from being 2-0 up. We were not very good at coming from behind.

That picture contains more than the value of most clubs.

I've had a MacBook Air for a few years and I take it with me when travelling. I use VMware a Fusion for running XP which works ok. What I really hate about a Windows is all the sodding updates.

He's lost his MoPo.

How can you have a takeover bid for a privately owned company with a single owner?

Don't you ever believe anything, Jeff?

Well at least he might come in useful in the cups

Hence the cunning plan of getting rid of the players first.

Welcome to modern football. It stopped being a sport many years ago.

Another £20m to £30m to go, I reckon.

His goals for Peterborough might have denied us promotion so if we'd bought him he wouldn't have scored them. Possibly, if I've remembered right.

Makes no difference. If there's cash in the bank they'd get more for the business. Fair point about reducing long term liabilities.

I sincerely hope it's ciao, buon viaggio, addio, and not arrivederci. Buona Fortuna! Would probably be more appropriate to an Italian.

At my age you're not so fussy. As long as their tits don't trip you up you're fine Agnatha: http://image.stirileprotv.ro/media/images/600x375/Aug2013/61365540.jpg Brigitte: http://media-cache-ak0.pinimg.com/236x/20/63/41/2063418500ecf4a08dd14803303ac313.jpg Honor: https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-xaf1/t1.0-9/p526x296/1654464_10151972823212077_2968996177715932526_n.jpg

Yes, but sometimes people with funny egos use the third person. Ashley Cole, Salvador Dalí, that referee I've forgotten, and others.

Sergeant Pepper - The Beatles Electric Ladyland -Hendrix Abbey Road -The Beatles Live at Leeds - The Who Wheels of Fire - Cream I'm showing my age again, aren't I?

http://www.saintsweb.co.uk/showthread.php?5795-What-Are-You-Watching&highlight=watching#.U9z54uNdV8E

Indeed, but the transfer profits on sales have to be structured to reflect this. I would have thought that these would not be for longer than four or five years whereas costs of infrastructure would be probably spread over 25 years or so. I'm just saying that not everything is as simple as it seems and accountancy reasons can explain what may at first sight appear to be strange decisions, such as taking on one-year loan players or maybe offloading Osvaldo at a loss.

Winning the FA Cup?

Tax cannot be offset against transfers in or any other capital investments such as building projects, these have to be amortised over a longer term. You can't even reclaim VAT on additions to existing property, it has to be a new separate construction. Loan repayments cannot be repaid without tax. The recipient doesn't pay the tax but if they are repaid out if profits then they will have been taxed first. Transfer fees received in excess of the player's existing value on the books are most definitely income! Normal running costs are allowable against income and these include wages, but of course these should be subject to Income Tax and NI for both the employee and the employer. Or this reason many players are paid partly through a separate company for their services, particularly so-called image rights' and HMRC have clamped down on this system. You're right, the club will certainly be taking the best advice they can get but deciding what to do about profits is much easier than trying to cut the losses! http://www.lawinsport.com/features/item/image-rights-companies-where-are-we-now http://www.bbc.co.uk/sport/0/football/23923904