Future of rugby as we know it?

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Rooster
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Re: Future of rugby as we know it?

Post by Rooster »

Once a Knight wrote:Oh I'm aware of Shieldplay.

There's no doubt there's a complex set of accounts and it very much looks like a tax shield with all the off shore holding companies. Equally, it may just be investors who are shy. :lol:
If they are looking money out of SA I know an easier way to do it via Amsterdam, only problem with that one is you have problems declaring where the money came from :D
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Re: Future of rugby as we know it?

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Once a Knight wrote:
Rooster wrote:
Once a Knight wrote:Oh I'm aware of Shieldplay.

There's no doubt there's a complex set of accounts and it very much looks like a tax shield with all the off shore holding companies. Equally, it may just be investors who are shy. :lol:
If they are looking money out of SA I know an easier way to do it via Amsterdam, only problem with that one is you have problems declaring where the money came from :D
My point stands that they show as Directors loans and not overdrafts/commercial loans.

The reason for making those loans is debatable.

When the South Africans took over I know there was great suspicion. Was there not some theory that it was a front to place players to get experience? It now seems to have developed into something else - a Saffer non Union owned franchise. Francois Pienaar is part of the grouping iirc.
Don't even think that they show as any type of loan at all, they certainly are not commercial or overdrafts and never were, it is just a very strange organisation that appears to up to something

World domination ? I hope Logie does not see us as their next venture >threaten
http://saracensworld.com/
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Russ
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Re: Future of rugby as we know it?

Post by Russ »

Directors loans are recorded as equity on the balance sheet
rumncoke
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Re: Future of rugby as we know it?

Post by rumncoke »

A loan is not Equity it may if the lender so wishes be turned into equity .

But how do you value Saracens share Capital without sight of the balance sheet.

And Loans only cost nothing if they are Interest free ,

It has all the hall marks of a money go round.
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Russ
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Re: Future of rugby as we know it?

Post by Russ »

rumncoke wrote:A loan is not Equity it may if the lender so wishes be turned into equity .

But how do you value Saracens share Capital without sight of the balance sheet.

And Loans only cost nothing if they are Interest free ,

It has all the hall marks of a money go round.
I literally can't even ...
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Re: Future of rugby as we know it?

Post by Rooster »

Russ wrote:
rumncoke wrote:A loan is not Equity it may if the lender so wishes be turned into equity .

But how do you value Saracens share Capital without sight of the balance sheet.

And Loans only cost nothing if they are Interest free ,

It has all the hall marks of a money go round.
I literally can't even ...
Not that he might understand :duh:
https://www.duedil.com/company/05530017 ... financials
“That made me feel very special and underlined to me that Ulster is more than a team, it is a community and a rugby family"
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Russ
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Re: Future of rugby as we know it?

Post by Russ »

That's a shocking EBITDA

To be -£4.5m before depreciation and amortisation is an absolute shambles

However to do that on current assets of only £4.2m is frankly close to bankruptcy
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Russ
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Re: Future of rugby as we know it?

Post by Russ »

Once a Knight wrote:
Rooster wrote:
Russ wrote:
rumncoke wrote:A loan is not Equity it may if the lender so wishes be turned into equity .

But how do you value Saracens share Capital without sight of the balance sheet.

And Loans only cost nothing if they are Interest free ,

It has all the hall marks of a money go round.
I literally can't even ...
Not that he might understand :duh:
https://www.duedil.com/company/05530017 ... financials
Look, say nothing and he might go off somewhere else. Just smile and nod. It seems to pacify him.
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