The transfer fund thing...
Forgive me if I'm going over old ground, but I haven't had much time to go over all previous comments...
To me, the fundamental problem with it is that it assumes that the one big problem the club has is lack of transfer funds and that just a bit extra would make all the difference in, say, getting Tiny. A few problems with that:
- if we don't have any funds then we're f**ked anyway and a few hundred grand will make little difference given the quality of players we would be intersted in and their likely wage demands (which come from where?)
- we shouldn't really be inflating the transfer market by over-paying for a player. Seems to me that we've valued him at a certain price and - for once - we're refusing to budge from that
- the transfer market is vastly more complicated than simply paying a transfer fee. There are agents fees, wages, bonuses, contract negotiations, the player's family, the selling club, etc.
It seems to me, too, that we don't get an awful lot back for our donations. At least if we make a loan or buy shares there is an expected return (with a risk of a loss) at some point.
I note too from the PinkUn article that the fund would be less admin fees. Any idea how much that might be? I believe charities fork out a fair proportion in admin and they often get services at reduced cost. What about taxation?
Posted By: BerlinCanary on January 24th 2008 at 09:44:42
Message Thread
- The transfer fund thing... (NCFC) - BerlinCanary, Jan 24, 09:44:42
- As I said earlier, I have no idea how big this will be, so I can't (NCFC) - CarrowRoeder, Jan 24, 09:49:00
- A charitable trust needs a charitable purpose (NCFC) - Five guys named Creo, Jan 24, 09:58:03
- The relief of those with disability: (NCFC) - Drurys Left Nut, Jan 24, 10:20:37
- fucking genius! (n/m) (NCFC) - SCC 28, Jan 24, 10:25:59
- The advancement of amateur sport (NCFC) - Dave in France, Jan 24, 10:01:17
- if we can sign the next Wayne Rooney (NCFC) - blindasabat, Jan 24, 10:01:09
- and if none, does it have tax implications ? (n/m) (NCFC) - Steve in Holland, Jan 24, 09:59:43
- Well yesterday I asked (NCFC) - Five guys named Creo, Jan 24, 10:01:42
- Presumably though no tax would be payable anyway... (NCFC) - SimonOTBC, Jan 24, 10:36:16
- Presumably the club would have to pay tax on the donation then... (n/m) (NCFC) - BerlinCanary, Jan 24, 10:53:03
- I really don't know to be honest..... (NCFC) - SimonOTBC, Jan 24, 11:06:04
- Having said that.... (NCFC) - SimonOTBC, Jan 24, 11:11:09
- You are having a meaningless debate (NCFC) - Five guys named Creo, Jan 24, 11:31:33
- Although that it is true... (NCFC) - SimonOTBC, Jan 24, 11:53:21
- What speaks volumes about it really (NCFC) - Five guys named Creo, Jan 24, 11:54:56
- "high-risk investment scheme" (NCFC) - BerlinCanary, Jan 24, 11:45:21
- from the Pink un messageboard...(!) (NCFC) - blindasabat, Jan 24, 11:53:17
- Not really I suspect it has no value anyway (NCFC) - Five guys named Creo, Jan 24, 11:52:14
- Note that their minimum individual contribution is £1,000 (n/m) (NCFC) - Arizona Bay, Jan 24, 11:54:45
- Although that it is true... (NCFC) - SimonOTBC, Jan 24, 11:53:21
- You are having a meaningless debate (NCFC) - Five guys named Creo, Jan 24, 11:31:33
- Having said that.... (NCFC) - SimonOTBC, Jan 24, 11:11:09
- I really don't know to be honest..... (NCFC) - SimonOTBC, Jan 24, 11:06:04
- Tax on interest, at least (n/m) (NCFC) - Steve in Holland, Jan 24, 10:37:26
- Presumably the club would have to pay tax on the donation then... (n/m) (NCFC) - BerlinCanary, Jan 24, 10:53:03
- Presumably though no tax would be payable anyway... (NCFC) - SimonOTBC, Jan 24, 10:36:16
- Well yesterday I asked (NCFC) - Five guys named Creo, Jan 24, 10:01:42
- The relief of those with disability: (NCFC) - Drurys Left Nut, Jan 24, 10:20:37
- If there are so many things still to do, how come you spend so much time on here? (n/m) (NCFC) - Chalk Hill Bitter, Jan 24, 09:56:32
- Seriously he is working on it by being here - awareness and publicity (n/m) (NCFC) - Steve in Holland, Jan 24, 10:00:20
- To 106 people currently on line? So 25% of them = £1,560? (n/m) (NCFC) - Chalk Hill Bitter, Jan 24, 10:01:48
- Don't knock it. That's half a day's wages for Tiny (n/m) (NCFC) - Steve in Holland, Jan 24, 10:09:18
- Oh, but we're not allowed to do wages. That's a Peter Thorne right there, (n/m) (NCFC) - Steve in Holland, Jan 24, 10:09:48
- Don't knock it. That's half a day's wages for Tiny (n/m) (NCFC) - Steve in Holland, Jan 24, 10:09:18
- To 106 people currently on line? So 25% of them = £1,560? (n/m) (NCFC) - Chalk Hill Bitter, Jan 24, 10:01:48
- Seriously he is working on it by being here - awareness and publicity (n/m) (NCFC) - Steve in Holland, Jan 24, 10:00:20
- A charitable trust needs a charitable purpose (NCFC) - Five guys named Creo, Jan 24, 09:58:03
- nail head (n/m) (NCFC) - Steve in Holland, Jan 24, 09:47:49
- As I said earlier, I have no idea how big this will be, so I can't (NCFC) - CarrowRoeder, Jan 24, 09:49:00
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