Whether the 80%ers have paid all of the agreed price for the club yet is not known, let alone the increased price resulting from the club...
The Crynes believe that Barnsley Football Club Ltd should not have paid £750k of the purchase price of the club to them out of company funds....
I suggested that you read the thread because it would save me re-typing everything that I had already written there.
Can I recommend that you read the following thread, as Your points have already been discussed there....
As I understand it, the purchase agreement stated that the purchase price for 80% of the club was £8m, but if the club was promoted back to the...
Do you know what the second case is all about?
Well, if you mean via a dividend, then that sum would have been taxable. Masking it as a business expense and charging the expense to the Profit...
In another recent thread, I recently defended Markus Schopp. I made the point that I believed that he had not been given a reasonable transfer...
Thanks for this. I tried to look at these accounts some time ago, but could not work out a way of doing so because the company is registered in...
Sorry, my mistake.
Rob Zuk went to Nottingham Forest with Dane Murphy.
The Cryne family have probably received £750,000, but that is not the issue. The issue is, who should have paid them that money. The money...
With the complication now identified by Archerfield, I am not even clear whether it falls under British court juridiction, or the courts in Honk...
I'm afraid I can answer no more strongly at this stage than, "possibly".
You are right, and I had forgotten. It adds another level of complication to the whole issue. The legal bills are going to be enormous.
A transfer of ownership of a limited company (Barnsley Football Club Ltd) has got nothing to do with the limited company. It is simply the...
The tax man will be watching with interest. If the Crynes win their case, and the 80%ers repay the money to the club, then nothing has happened...
Sorry! I did see it, and I reached the above conclusion immediately, but I thought surely not..... after all, they have behaved themselves up...
Barnsley Football Club is a limited company. The shareholders own the company through their ownership of the company's share capital. Those...
That is not quite how it worked. Patrick Cryne loaned his money to the club in order that the club had the funds to do what you describe.
THE BARNSLEY FC
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