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  1. El Presidente

    Boro made operating loss of £36 million in being promoted last season

    Out of interest, who do you think has outspent TB? FFP works if owners want it to work. If they don't, they employ consultants, accountants and lawyers to find a way around the rules, and then use those same people to filibuster, delay, dilute and oppose and sanctions. The owners and directors...
  2. El Presidente

    Boro made operating loss of £36 million in being promoted last season

    It will have lawyers reaching for ther Range Rover brochures should the EFL, which to date has shown the backbone of a jellyfish in relation to Leicester and QPR, try to enforce a points deduction. Clubs have to submit their budgets by 1 March 2017, and this allows the EFL's 'independent...
  3. El Presidente

    Boro made operating loss of £36 million in being promoted last season

    It's not quite as simple as that. Clubs have to submit budgets to the EFL on a regular basis, and if they show that the FFP limits are likely to be breached then there can be sanctions...including points deductions.
  4. El Presidente

    Boro made operating loss of £36 million in being promoted last season

    Over the last two seasons to June 2016 he lent the club £51 million. There are no tax reliefs.
  5. El Presidente

    Boro made operating loss of £36 million in being promoted last season

    Football League say they've complied.
  6. El Presidente

    Boro made operating loss of £36 million in being promoted last season

    You're absolutley right, had a senior moment in relation to tax and FFP. In relation to QPR, we have the current standoff. In my opinion (and I have neither sought nor received any information from the Albion) there will be a fudged agreement and QPR will pay a nominal fine that will be...
  7. El Presidente

    Boro made operating loss of £36 million in being promoted last season

    Probably due to the £6m tax credit which appears to be surrendering losses made by the football club against profits elsewhere in Steve Gibson's empire. Boro are a subsidiary of Gibson O'Neill Ltd, which also owns a haulage business. I'm not a tax dude, but it looks as if Boro's losses may* be...
  8. El Presidente

    Boro made operating loss of £36 million in being promoted last season

    Some err....interesting numbers. Tax credit of over £6 million is for group relief, which I think is where Boro's losses are used to offset tax payable by profit making companies elsewhere in the Steve Gibson empire (I'm no tax expert though). The player additions of £42 million does show...
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