Newcastle and West Ham raided by HMRC

[Stevie Reid]

http://www.bbc.co.uk/news/uk-england-39716009 (http://www.bbc.co.uk/news/uk-england-39716009)

[LeithSqualk]

I hope they go as far back as Souness' bung for buying Boumsong

[CMurdoch]

Dodgy guys own both clubs.
Greedy Ashley and ex porn barons Sullivan & Gold

[HFCdeb]

The English game has gradually been imploding for a number of years. Portsmouth, Blackburn, Coventry etc. None of this is particularly surprising.

[Itsnoteasy]

Hertz next?

[CropleyWasGod]

Hertz next?
Why?

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[Itsnoteasy]

Why?

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Why not.

Where did they get the cash to sign 8 loanees.

[CropleyWasGod]

Why not.

Where did they get the cash to sign 8 loanees.
The notion that a company is making questionable commercial decisions doesn't mean that they are defrauding anyone.

What.makes you think that they are?

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[vuefrom1875]

why not.

Where did they get the cash to sign 8 loanees.

stole it!

[linlithgowhibbie]

Why?

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Is "Coz we want it to be" a good reason?:agree:

[CropleyWasGod]

Is "Coz we want it to be" a good reason?:agree:
Of course it is 😂

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[vuefrom1875]

The notion that a company is making questionable commercial decisions doesn't mean that they are defrauding anyone.

What.makes you think that they are?

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Any financial dealings with that lot of cowboys would need to be scrutinised thoroughly. Check their debtor's list.

[green day]

Any financial dealings with that lot of cowboys would need to be scrutinised thoroughly. Check their debtor's list.

I may be wrong, but I don't think the current incarnation of Hearts has a "debtors list".

Certainly how the administrators dealt with and dumped Romanovs debts might leave a bad taste (albeit totally within the law), but I don't think Budge operates in the same way.

[OsloHibs]

Not shocked by West Ham. The owners care about money and that is all. And with their connections- nothing will happen to them.

[AndyM_1875]

I may be wrong, but I don't think the current incarnation of Hearts has a "debtors list".

Certainly how the administrators dealt with and dumped Romanovs debts might leave a bad taste (albeit totally within the law), but I don't think Budge operates in the same way.

She doesn't.
She won't let them run up debt and they have no lending facility or any "bank of last resort".

[snooky]

I may be wrong, but I don't think the current incarnation of Hearts has a "debtors list".

Certainly how the administrators dealt with and dumped Romanovs debts might leave a bad taste (albeit totally within the law), but I don't think Budge operates in the same way.

She keeps her spending well within Budget I suppose it could be said.

[pacoluna]

chelsea as well now

[Hibernia&Alba]

The notion that a company is making questionable commercial decisions doesn't mean that they are defrauding anyone.

What.makes you think that they are?

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Hearts should always be guilty until proven innocent, with their previous. Send them doon :greengrin

[Eyrie]

I may be wrong, but I don't think the current incarnation of Hearts has a "debtors list".

Certainly how the administrators dealt with and dumped Romanovs debts might leave a bad taste (albeit totally within the law), but I don't think Budge operates in the same way.

I thought Hearts owed Budge £2.5m at 6.2% interest?

[jgl07]

I may be wrong, but I don't think the current incarnation of Hearts has a "debtors list".

Certainly how the administrators dealt with and dumped Romanovs debts might leave a bad taste (albeit totally within the law), but I don't think Budge operates in the same way.

They can't build up debt as no-one will lend them anything or give much credit.

[GreenLake]

I thought Hearts owed Budge £2.5m at 6.2% interest?

I think that works out to be 0.7% per month.

[BSEJVT]

I wonder if there is a "Big Sam" angle to all of this.

He has managed both clubs in the recent past has he not?

[Haymaker]

I wonder if there is a "Big Sam" angle to all of this.

He has managed both clubs in the recent past has he not?

He managed Newcastle a few years back now. 08? The tax man has a long memory though.

[BSEJVT]

He managed Newcastle a few years back now. 08? The tax man has a long memory though.

My good ness was it that long ago

I am getting old!

[Haymaker]

My good ness was it that long ago

I am getting old!

May 07 to Jan 08.

[Eyrie]

I think that works out to be 0.7% per month.

Thank you :thumbsup:

I've been posting that 6.2% for months and this is the first time anyone has picked up on it.

[lapsedhibee]

I thought Hearts owed Budge £2.5m at 6.2% interest?


I think that works out to be 0.7% per month.


Thank you :thumbsup:

I've been posting that 6.2% for months and this is the first time anyone has picked up on it.

How does that work then, 6.2% yearly and 0.7% monthly? Roughly how many months are there in a yamathematical year? :confused:

[ChrisWhetstone]

He managed Newcastle a few years back now. 08? The tax man has a long memory though.

Pretty crazy, I wonder what's going to happen to the clubs now.

[GreenLake]

How does that work then, 6.2% yearly and 0.7% monthly? Roughly how many months are there in a yamathematical year? :confused:

One for each finger.

[Eyrie]

How does that work then, 6.2% yearly and 0.7% monthly? Roughly how many months are there in a yamathematical year? :confused:
The actual rate she charges is 6.5%, but both 6.2% and 0.7% have a certain quality to them.



One for each finger.
:greengrin

[CropleyWasGod]

How does that work then, 6.2% yearly and 0.7% monthly? Roughly how many months are there in a yamathematical year? :confused:

400k FFS

Do keep up....

:greengrin

[lapsedhibee]

The actual rate she charges is 6.5%, but both 6.2% and 0.7% have a certain quality to them.

Ah. :brickwall