Interesting pricing policy

[Hibbyradge]

Refreshing to read this.

Unfortunately, we're not in any position to follow suit.

http://sphotos-b.ak.fbcdn.net/hphotos-ak-ash3/945053_10151364189311573_1602821697_n.jpg

[Gatecrasher]

Refreshing to read this.

Unfortunately, we're not in any position to follow suit.

http://sphotos-b.ak.fbcdn.net/hphotos-ak-ash3/945053_10151364189311573_1602821697_n.jpg

got sent this in an email, wish the SPL Chairman have us (the fans) in their minds when messing about the league and its pricing but instead all they think about is the easy money from sky.

[Keith_M]

Very nice, but I don't think Uli Hoeness is the ideal person at the moment to talk about what is honest and decent regarding money matters :wink:




Anyway, if I owned Hibs and we had the same income as Bayern Munich, I would have no problem in announcing an immediate reduction in ticket prices.

[Part/Time Supporter]

He didn't actually say that.

...

http://www.spiegel.de/international/germany/bayern-president-uli-hoeness-may-end-up-in-jail-for-tax-evasion-a-897474.html


Many aspects of this affair still remain uncertain. What is known is that it began in 2000. Hoeness cultivated a friendship with Robert Louis-Dreyfus, who was the boss of sporting goods manufacturer Adidas, which supplied the Bayern Munich kit. It was the era of the New Economy and boundless stock market fever -- the first eruption of unchained capitalism after the collapse of communism. Anyone could play the capitalist game. Buy and sell, calls and puts -- it seemed like everyone could get rich, and many people gambled like mad.

Hoeness wanted a piece of the action and Louis-Dreyfus give him 5 million marks (€2.56 million/$3.35 million) -- as play money, so to speak. It was deposited in a securities account with the number 4028BEA at Bank Vontobel, a Zurich financial institution known for its discretion. Subsequently, the bank reportedly granted Hoeness a loan amounting to 15 million marks, for which Louis-Dreyfus also acted as guarantor. Hoeness apparently gambled heavily with the money -- primarily on shares and currency exchange rates.

Today, Hoeness is sometimes described as a junkie, as a man who spent entire nights sitting in front of the TV in his hotel room to track stock market prices. "His stock market transactions run the gamut between riches and ruin," says one man who knows him well. "Other people go to casinos for that."

Gambling is one of the basic principles of capitalism, which is why it's often explained with game theory. It's not much different from playing poker. People speculate and bet on uncertainties -- the hidden cards, the vagaries of tomorrow's stock market. The appeal lies in the prospect of winning a fortune overnight, but also in the adrenaline-pumping fear of making huge losses. Hoeness apparently became addicted to the thrills, which isn't a crime. But it is illegal not to pay taxes on the winnings from such gambling.