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Brexit disaster post #13459
at 15:06 10 Jan 2019

Yesterday morning a client of my firm lost a contract worth £200m over 5 years.

The contract was cancelled purely on the economic risk of a hard brexit (obviously after lots of very careful negotiations and considerations that had been ongoing for about three months)

Of course that could change if we get a deal, but because it's cancelled, the client would have to re-tender with no guarantee of getting it again.

We have a few other issues we're trying to advise on.

I can't stress enough how much of an impact this Brexit uncertainty is having on small businesses.

Just potential issues in supply train and exchange rate fluctuations is putting the brakes on so much investment.

It's starting to feel all a little too real now.
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£200 season ticket
at 11:43 9 Jan 2019

£100 ??? It costs that much to watch Kirkley & Pakefield for a season!!!!!
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Believe me or don't
at 08:49 4 Jan 2019

This is how I look at it...

How many people are worth* more than Evans?

How many people worth more than Evans are interested in football?

How many people worth more than Evans are interested in football AND interested in owning a football club?

How many people worth more than Evans are interested in football AND interested in owning a football club potentially in the third tier?


(* by worth, I'm really meaning annual disposable income in excess of the average put in by Evans each year)



Careful what you wish for etc... lol!
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Adeyemi and Huws
at 12:15 3 Jan 2019

Negotiation is fine, but I cannot see any reason whatsoever as to why Huws and Adeyemi would take anything less than 100% of their remaining contract other than if they had an offer elsewhere already...which let's be honest...is unlikely at present
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I just wrote a long impassioned rant about Brexiteers...
at 08:53 21 Dec 2018

Although you say politicians and the public don’t know how to deal with the concept of uncertainty, one group do...investors.
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Surely it's almost compulsory to have a second referendum now?
at 14:49 20 Dec 2018

Of course he wants a hard brexit for the UK.

We'll become more and more insignificant and he wants the unity of the EU broken so it strenthens his hand.

But it's all ok as immigrants, laws etc.
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Anyone else wondering whether this Gatwick drone thing is terror related? Nn
at 09:38 20 Dec 2018

Birds are flesh and feathers and what makes them so good in the air is that their bones are hollow and not particularly dense, thus a fan will mostly pulverise a bird, although it's not always the case...but mostly.

A decent drone, one capable of getting into airspace by airports will be made of plastics and metals that could prove far more dangerous than a bird and more likely to damage in the case of engine ingestion.

Not sure why you say 'turbulence' will move it out of the way?
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so... Tories are F...... W...... then (nt)
at 09:23 11 Dec 2018

52/48 in the country and similar in Parliment

May doesn't want a no-deal situation (any to be honest, whether you're a Brexiteer or not, no-deal is a bad situation to find ourselves in...yes we can go to WTO, but there's already an increasing trade deficit and that won't help)

Anyway, Labour are split on this as much as the Conservatives, May tries to get a deal that doesn't screw us over completely, but it's at odds with the remainers as we may as well stay. The leavers don't like it because of the backstop arrangements (and rightfully so).

It's all just a massive checkmate.

Even if May had a majority government, I don't think we'd be any better off as even within the party it is split.

Utter carnage.

I'm starting to think the second referendum may be actually worth it which flies in the face of the first one, but the information and situation following 2 years of negotiations has revealed an awful lot.

Decisions should always be made when you are better informed of consequences.
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Is there actually any truth in this Godolphin rumour?
at 12:45 7 Dec 2018

The silence says it all
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I'm no qualified accountant - ME interest/tax breaks Q
at 10:51 5 Dec 2018

How many times have you repeated that final sentence lol! Hugely frustrating isn't it?
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So we’re now £90m in debt....
at 10:47 5 Dec 2018

Do you want a quick lesson in how accounts are prepared?
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I'm no qualified accountant - ME interest/tax breaks Q
at 09:45 5 Dec 2018

Amen

I often say to clients, don't spend a pound to save 20p.

It's different on genuine investment, but let's not pretend a football club is ever going to make money!!!
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So we’re now £90m in debt....
at 09:37 5 Dec 2018

Your knowledge on matters is similar to my knowledge about how the female brain works.
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Milne pleads with fans/shareholders to drop animosity?
at 09:30 5 Dec 2018

This frustrates the hell out of me.

IGNORE THE £95M DEBT. IT IS COMPLETELY IRRELEVANT.

IT MAKES NO DIFFERENCE

NONE

NADA

ZIP

ABSOLUTELY THE SQUARE ROOT OF F**K ALL

I rarely use capps lock btw.
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I'm no qualified accountant - ME interest/tax breaks Q
at 09:24 5 Dec 2018

You're spot on.

From memory, the situation was different in the beginning, I may be wrong on specifics surrounding ITFC, but I understood Evans was enjoying better tax breaks by charging interest on the loans as they'd never be repayable, also the holding company was in Bermuda, where interest received isn't taxable.

Let's be clear, it doesn't 'make' money anywhere, but certainly eases the tax he would have to pay in profitable group companies that were putting money across to ITFC.

Not sure why it stopped....probably because he was fed up with thick as sh*t fans moaning that he's creating more 'debt' for the club (which I really hope by now that they realise is no issue whatsoever).

What would be an issue is when we start owing external institutions which we don't currently.

Evans may not put in £20m a year which we'd all love, but he has put in £95m.....evidenced by the balance sheet.

He was apparently worth £700m when he took us over.

Thrown 13% of that into a football club as a hobby!
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Any NOW TV users on here?
at 12:44 3 Dec 2018

I have NowTV for Movies and now and again i'll buy a pass to watch the football. It's not cheap for a one off, but it's so rare, it makes sense to not pay a monthly and not use it.

I also have Netflix and Amazon Prime.

I don't have an aerial or sat dish anymore either, just those three services on all tvs and with BBCiPlayer and the ITV app, we're good to go.
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I got a feeling that
at 08:17 22 Nov 2018

Would be lovely but unlikely

If (and it’s a big IF) we have some decent results in the 8 games between now and Jan, and we’re back amongst other teams, then maybe, just maybe, we’ll see something extra.

Lots needs to happen though.

COYB
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What kind of crowd on Friday?
at 16:29 21 Nov 2018

cheers
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What kind of crowd on Friday?
at 16:09 21 Nov 2018

Just bough 4 tickets (up in the gods SBR!)

Don't think i've ever been on Friday night in my life...dragging the wife and children along for once, grabbed a nearby hotel and off to London Town in the morning, O2 Nitro Circus and swimming at the Olympic pool Sunday.

Hope ITFC can start the weekend with a bang!



QQ...assuming it's busy and i'm not coming by train, where am I best to park as i'll be a bit tight on time to get there.

Cheers
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What kind of crowd on Friday?
at 12:57 21 Nov 2018

I'd like to go and take boy wonder with me.

Trying to push it through with the boss right now.
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