The Takeover Thread - Recon Group - NOW WITH NEW POLL

[DB]

I am playing waste of money top trumps with a Spurs guy at work over whatsapp. MoN vs Rednapp. Just rasied him Warnock, plenty left. I did point out the one eyed droopy face got them to the CL in less time MoN got us to 6th.

[passport1]

I don't think Lerner even pretends to live in the UK does he, so technically he isn't a non dom as such, as he lives and pays tax in the US.

The post Paulie is quoting is nonsense I'm afraid.  You can't compare Villa to a multi-national like Google or Starbucks.  We don't buy coffee beans in one country, roast them somwhere else, and then have transfer pricing arrangements between various jurisdictions.  We play football in the UK, receive our income in the UK from fans, Sky TV via the PL and various commercial partners.  There's nothing complicated about it, all that's happened is that since Lerner took over, we've pretty well always spent more than we've earned, hence the losses.  There's no artificial shifting of profits in or out, as there aren't any foreign entities who have anything to do with the trade.  We're held by a Delaware company but I imagine that's just because that's where most US businessmen incorporate their holding companies.

You don't need to unravel Lerner's affairs to understand the Aston Villa accounts, because they're very straight forward indeed.  And we did indeed spend way too much under O'Neill.  Whether you apportion the blame for that to O'Neill, Lerner, or a combination of the two is up to you, but the fact is we overspent hugely on players who didn't get us into the top 4, eg Cuellar, Shorey, Heskey, Sidwell, NRC, Harewood, Warnock and Beye.

.

You were doing quite well until you mentioned we are held by a Delaware company.

[aj2k77]

Everytime I see a list containing Cuellar, Heskey, Harewood, Shorey, Warnock, NRC, SIdwell and Beye I shed a little tear knowing they easily cost us over £100m in wages and fee's.

[Dante Lavelli]

I don't think Lerner even pretends to live in the UK does he, so technically he isn't a non dom as such, as he lives and pays tax in the US.

The post Paulie is quoting is nonsense I'm afraid.  You can't compare Villa to a multi-national like Google or Starbucks.  We don't buy coffee beans in one country, roast them somwhere else, and then have transfer pricing arrangements between various jurisdictions.  We play football in the UK, receive our income in the UK from fans, Sky TV via the PL and various commercial partners.  There's nothing complicated about it, all that's happened is that since Lerner took over, we've pretty well always spent more than we've earned, hence the losses.  There's no artificial shifting of profits in or out, as there aren't any foreign entities who have anything to do with the trade.  We're held by a Delaware company but I imagine that's just because that's where most US businessmen incorporate their holding companies.

You don't need to unravel Lerner's affairs to understand the Aston Villa accounts, because they're very straight forward indeed.  And we did indeed spend way too much under O'Neill.  Whether you apportion the blame for that to O'Neill, Lerner, or a combination of the two is up to you, but the fact is we overspent hugely on players who didn't get us into the top 4, eg Cuellar, Shorey, Heskey, Sidwell, NRC, Harewood, Warnock and Beye.

.

You were doing quite well until you mentioned we are held by a Delaware company.

What about the 'Delaware' part makes Risso wrong and you right?  Can you expand on your comment so the stupid amongst us can understand?

[villadelph]

I don't think Lerner even pretends to live in the UK does he, so technically he isn't a non dom as such, as he lives and pays tax in the US.

The post Paulie is quoting is nonsense I'm afraid.  You can't compare Villa to a multi-national like Google or Starbucks.  We don't buy coffee beans in one country, roast them somwhere else, and then have transfer pricing arrangements between various jurisdictions.  We play football in the UK, receive our income in the UK from fans, Sky TV via the PL and various commercial partners.  There's nothing complicated about it, all that's happened is that since Lerner took over, we've pretty well always spent more than we've earned, hence the losses.  There's no artificial shifting of profits in or out, as there aren't any foreign entities who have anything to do with the trade.  We're held by a Delaware company but I imagine that's just because that's where most US businessmen incorporate their holding companies.

You don't need to unravel Lerner's affairs to understand the Aston Villa accounts, because they're very straight forward indeed.  And we did indeed spend way too much under O'Neill.  Whether you apportion the blame for that to O'Neill, Lerner, or a combination of the two is up to you, but the fact is we overspent hugely on players who didn't get us into the top 4, eg Cuellar, Shorey, Heskey, Sidwell, NRC, Harewood, Warnock and Beye.

.

You were doing quite well until you mentioned we are held by a Delaware company.

What about the 'Delaware' part makes Risso wrong and you right?  Can you expand on your comment so the stupid amongst us can understand?

Delaware is tax free.. maybe that is seen as a bit slimey abroad but it's normal in the states.

[Dante Lavelli]

I don't think Lerner even pretends to live in the UK does he, so technically he isn't a non dom as such, as he lives and pays tax in the US.

The post Paulie is quoting is nonsense I'm afraid.  You can't compare Villa to a multi-national like Google or Starbucks.  We don't buy coffee beans in one country, roast them somwhere else, and then have transfer pricing arrangements between various jurisdictions.  We play football in the UK, receive our income in the UK from fans, Sky TV via the PL and various commercial partners.  There's nothing complicated about it, all that's happened is that since Lerner took over, we've pretty well always spent more than we've earned, hence the losses.  There's no artificial shifting of profits in or out, as there aren't any foreign entities who have anything to do with the trade.  We're held by a Delaware company but I imagine that's just because that's where most US businessmen incorporate their holding companies.

You don't need to unravel Lerner's affairs to understand the Aston Villa accounts, because they're very straight forward indeed.  And we did indeed spend way too much under O'Neill.  Whether you apportion the blame for that to O'Neill, Lerner, or a combination of the two is up to you, but the fact is we overspent hugely on players who didn't get us into the top 4, eg Cuellar, Shorey, Heskey, Sidwell, NRC, Harewood, Warnock and Beye.

.

You were doing quite well until you mentioned we are held by a Delaware company.

What about the 'Delaware' part makes Risso wrong and you right?  Can you expand on your comment so the stupid amongst us can understand?

Delaware is tax free.. maybe that is seen as a bit slimey abroad but it's normal in the states.

thank you.

[Sexual Ealing]

I don't think it's tax-free, but it is (I think) broadly comparable with the Channel Islands from a UK perspective.

[villadelph]

I don't think it's tax-free, but it is (I think) broadly comparable with the Channel Islands from a UK perspective.

It's a corporate tax haven, always has been.

[Sexual Ealing]

See the Channel Islands. Havens, but not tax-free.

[dave.woodhall]

The amount of tax Randy's companies do or do not pay has no bearing on how much he has or hasn't put into the Villa. If someone can say otherwise I'd be very glad to hear it.

[villadelph]

See the Channel Islands. Havens, but not tax-free.

No sales tax, no real estate tax, no credit card tax and no tax when transferring funds.. I'd say that's pretty substantial. Along with the gross receipt tax, very low property tax rates and very low income taxing easily refundable by the federal government.

They don't tax corporate income generated from out of state, they lack usury laws and have their own court system of chancery.

[Sexual Ealing]

See the Channel Islands. Havens, but not tax-free.

No sales tax, no real estate tax, no credit card tax and no tax when transferring funds.. I'd say that's pretty substantial. Along with the gross receipt tax, very low property tax rates and very low income taxing easily refundable by the federal government.

They don't tax corporate income generated from out of state, they lack usury laws and have their own court system of chancery.

Your face lacks usury laws. And you're a bummer.

YOU lack usury laws. *nods*

[Sexual Ealing]

Sorry, I meant to edit that 'bummer' bit. I was only joking though. No offence meant.

[Percy McCarthy]

See the Channel Islands. Havens, but not tax-free.

No sales tax, no real estate tax, no credit card tax and no tax when transferring funds.. I'd say that's pretty substantial. Along with the gross receipt tax, very low property tax rates and very low income taxing easily refundable by the federal government.

They don't tax corporate income generated from out of state, they lack usury laws and have their own court system of chancery.

Your face lacks usury laws. And you're a bummer.

YOU lack usury laws. *nods*

This deserves the big one:

Ginalollobrigida

[pauliewalnuts]

I don't think Lerner even pretends to live in the UK does he, so technically he isn't a non dom as such, as he lives and pays tax in the US.

The post Paulie is quoting is nonsense I'm afraid.  You can't compare Villa to a multi-national like Google or Starbucks.  We don't buy coffee beans in one country, roast them somwhere else, and then have transfer pricing arrangements between various jurisdictions.  We play football in the UK, receive our income in the UK from fans, Sky TV via the PL and various commercial partners.  There's nothing complicated about it, all that's happened is that since Lerner took over, we've pretty well always spent more than we've earned, hence the losses.  There's no artificial shifting of profits in or out, as there aren't any foreign entities who have anything to do with the trade.  We're held by a Delaware company but I imagine that's just because that's where most US businessmen incorporate their holding companies.

You don't need to unravel Lerner's affairs to understand the Aston Villa accounts, because they're very straight forward indeed.  And we did indeed spend way too much under O'Neill.  Whether you apportion the blame for that to O'Neill, Lerner, or a combination of the two is up to you, but the fact is we overspent hugely on players who didn't get us into the top 4, eg Cuellar, Shorey, Heskey, Sidwell, NRC, Harewood, Warnock and Beye.

.

You were doing quite well until you mentioned we are held by a Delaware company.

What about the 'Delaware' part makes Risso wrong and you right?  Can you expand on your comment so the stupid amongst us can understand?

Delaware is tax free.. maybe that is seen as a bit slimey abroad but it's normal in the states.

thank you.

FFS.

It makes absolutely no difference to the accounts of RAL Ltd in the UK, though. None whatsoever, unless we'd been shifting profits there, which we haven't, because we don't "do" profit.

Honestly, I feel sorry for anyone who thinks Randy is in any way making money out of Villa. And the reason i feel that way is because you'd have to satisfy one of the following criteria to think that way: be absolutely fucking nuts / be blind to evidence / too stupid for words to actually think that way.

I can't think of many things that have made me want to smash my laptop up the wall more than the recent misunderstanding of the concept of release clauses or the refusal of so many people to believe Lerner has lost a shit load of money in his time here.