by happytorq » 07 Mar 2024, 14:43
The Great Muta! wrote: 06 Mar 2024, 20:09
I've got to agree with the past few fans who've posted on here, CO isn't a hero nor is he some sort of saviour, I won't believe it, I'm not in denial, he's probably done this gesture simply because he was never going to realistically see this money again, for tax reasons, or something else, it wouldn't be for his love for TUFC, no way, look at all the broken promises everywhere he's been in the past, don't be lulled into thinking any different.
He's written it off because insisting on his £4m (or whatever the figure is) would mean that nobody would be interested. Who would pay £4m+ for a club that apparently loses £800k a year? that's madness. Honestly, outside of football, who buys businesses with such a small likelihood of ever making you money, anyway. Much better to have somebody else take on those annual losses and limit future losses, while also taking the losses as a deduction against his more, er, successfull businesses. He won't get it all back but it'll help a bit. Suspect that the plan was always to write off those losses on the football side, but ideally (for CO) that was fine because he'd have made a fortune from his houses or whatever.
This move doesn't make Osborne a saviour,or anything remotely close. Even folding the club wouldn't get him that money back.
[quote="The Great Muta!" post_id=280852 time=1709755792 user_id=24978]
I've got to agree with the past few fans who've posted on here, CO isn't a hero nor is he some sort of saviour, I won't believe it, I'm not in denial, he's probably done this gesture simply because he was never going to realistically see this money again, for tax reasons, or something else, it wouldn't be for his love for TUFC, no way, look at all the broken promises everywhere he's been in the past, don't be lulled into thinking any different.
[/quote]
He's written it off because insisting on his £4m (or whatever the figure is) would mean that nobody would be interested. Who would pay £4m+ for a club that apparently loses £800k a year? that's madness. Honestly, outside of football, who buys businesses with such a small likelihood of ever making you money, anyway. Much better to have somebody else take on those annual losses and limit future losses, while also taking the losses as a deduction against his more, er, successfull businesses. He won't get it all back but it'll help a bit. Suspect that the plan was always to write off those losses on the football side, but ideally (for CO) that was fine because he'd have made a fortune from his houses or whatever.
This move doesn't make Osborne a saviour,or anything remotely close. Even folding the club wouldn't get him that money back.
