by 4everyellow » 10 Feb 2015, 16:24
forevertufc wrote:
Never said I personally don't believe, I do not know you, you could be right. When you say £750k year profit for 20 years however, come on, that will not ring true to anyone with an once of common sense, take into account price inflation for a start, how come if he was making £750k a year back in 1995 (don't believe that) he is still only making £750k a year in 2014/15.
Is the figure you claim, actually turnover, pre-tax or net profits ? hell of difference, where are these properties ? are they commercial or residential ?
Then take into account market fluctuations, in 1994 the UK was coming of the back of a recession in the early 1990's, residential and commercial property value was low, people were buying not renting, rent values were low as demand was low, see 2008 regards commercial property, so if this director has continued to make £750k every single year for 20 years, it's possible he's a walking property business, genius, and I want his phone number, think someone's yanking your chain, bring us the us the proof.
Anyway, pretty much all written above is irrelevant. Why should Thea, or any other director put their personal fortune, or business. livelihood, and the livelihood of others as at risk for the football club, after all isn't that why Rowe and Boyce went.
There are 2 Directors I am thinking about and I guess they are financial geniuses when compared to you and me. By the way it's Net Taxable profit, the figure you out on your tax return. Only reason I brought this up was to point out the farce of fans starting a crowd funding appeal to keep a player at the club when some directors could easily fund this on a one off basis. Don't remember saying they shouldn buy the club. FYI the Boyces are solicitor and estate agent and work for a living,not living off unearned investment income and family trust funds.
[quote="forevertufc"]
Never said I personally don't believe, I do not know you, you could be right. When you say £750k year profit for 20 years however, come on, that will not ring true to anyone with an once of common sense, take into account price inflation for a start, how come if he was making £750k a year back in 1995 (don't believe that) he is still only making £750k a year in 2014/15.
Is the figure you claim, actually turnover, pre-tax or net profits ? hell of difference, where are these properties ? are they commercial or residential ?
Then take into account market fluctuations, in 1994 the UK was coming of the back of a recession in the early 1990's, residential and commercial property value was low, people were buying not renting, rent values were low as demand was low, see 2008 regards commercial property, so if this director has continued to make £750k every single year for 20 years, it's possible he's a walking property business, genius, and I want his phone number, think someone's yanking your chain, bring us the us the proof.
Anyway, pretty much all written above is irrelevant. Why should Thea, or any other director put their personal fortune, or business. livelihood, and the livelihood of others as at risk for the football club, after all isn't that why Rowe and Boyce went.[/quote]
There are 2 Directors I am thinking about and I guess they are financial geniuses when compared to you and me. By the way it's Net Taxable profit, the figure you out on your tax return. Only reason I brought this up was to point out the farce of fans starting a crowd funding appeal to keep a player at the club when some directors could easily fund this on a one off basis. Don't remember saying they shouldn buy the club. FYI the Boyces are solicitor and estate agent and work for a living,not living off unearned investment income and family trust funds.
