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 fromOnce 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.
Future of rugby as we know it?
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Re: Future of rugby as we know it?
“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"
Rory Best
Rory Best
Re: Future of rugby as we know it?
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 somethingOnce a Knight wrote:My point stands that they show as Directors loans and not overdrafts/commercial loans.Rooster wrote: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 fromOnce 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.
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.
World domination ? I hope Logie does not see us as their next venture
http://saracensworld.com/
“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"
Rory Best
Rory Best
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Re: Future of rugby as we know it?
Directors loans are recorded as equity on the balance sheet
Re: Future of rugby as we know it?
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.
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.
Within this carapace of skepticism there lives an optimist
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Re: Future of rugby as we know it?
I literally can't even ...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.
Re: Future of rugby as we know it?
Not that he might understandRuss wrote:I literally can't even ...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.
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"
Rory Best
Rory Best
- Russ
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Re: Future of rugby as we know it?
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
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
- Russ
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Re: Future of rugby as we know it?
I literally have nothing better to doOnce a Knight wrote:Look, say nothing and he might go off somewhere else. Just smile and nod. It seems to pacify him.Rooster wrote:Not that he might understandRuss wrote:I literally can't even ...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.
https://www.duedil.com/company/05530017 ... financials