There are 2 Directors I am thinking about and I guess they are financial geniuses when compared to you and me. By the way it's Net Taxable profit, the figure you out on your tax return. Only reason I brought this up was to point out the farce of fans starting a crowd funding appeal to keep a player at the club when some directors could easily fund this on a one off basis. Don't remember saying they shouldn buy the club. FYI the Boyces are solicitor and estate agent and work for a living,not living off unearned investment income and family trust funds.forevertufc wrote: Never said I personally don't believe, I do not know you, you could be right. When you say £750k year profit for 20 years however, come on, that will not ring true to anyone with an once of common sense, take into account price inflation for a start, how come if he was making £750k a year back in 1995 (don't believe that) he is still only making £750k a year in 2014/15.
Is the figure you claim, actually turnover, pre-tax or net profits ? hell of difference, where are these properties ? are they commercial or residential ?
Then take into account market fluctuations, in 1994 the UK was coming of the back of a recession in the early 1990's, residential and commercial property value was low, people were buying not renting, rent values were low as demand was low, see 2008 regards commercial property, so if this director has continued to make £750k every single year for 20 years, it's possible he's a walking property business, genius, and I want his phone number, think someone's yanking your chain, bring us the us the proof.
Anyway, pretty much all written above is irrelevant. Why should Thea, or any other director put their personal fortune, or business. livelihood, and the livelihood of others as at risk for the football club, after all isn't that why Rowe and Boyce went.
Search found 5 matches
- 10 Feb 2015, 16:24
- Forum: All things Plainmoor
- Topic: Torquay United set for a take over ?
- Replies: 143
- Views: 25670
Torquay United set for a take over ?
- 30 Jan 2015, 19:57
- Forum: All things Plainmoor
- Topic: Thea - lonely in business
- Replies: 17
- Views: 3088
Thea - lonely in business
Anyone who is close to the club will tell you the Directors treat Thea with contempt and openly ignore her in meetings. All they want from her is to keep signing the cheques.
- 30 Jan 2015, 19:53
- Forum: All things Plainmoor
- Topic: Torquay United set for a take over ?
- Replies: 143
- Views: 25670
Torquay United set for a take over ?
There is a whole world of difference between some who is cash rich, and someone who asset rich, cash poor. Take someone who owns say 10 houses, value say £5 million, he may for argument sake have £3million worth of mortgages on those properties, that person would not be a millionaire until all properties were sold, and tax liabilities were paid .[/quote]
Precisely. In fact many businessmen have little assets just huge loans but lead an extravagant lifestyle, Ive known of a few. In fact if we had sold everything we owned I would have been richer, and I can tell you, that's saying something!![/quote]
It's up to you if you believe me or not, I'm not bothered, but for your information one of the Directors has profits arising from property of £750k per annum year in year out for at least 20 years. No I'm not going to tell you how I know either!
Precisely. In fact many businessmen have little assets just huge loans but lead an extravagant lifestyle, Ive known of a few. In fact if we had sold everything we owned I would have been richer, and I can tell you, that's saying something!![/quote]
It's up to you if you believe me or not, I'm not bothered, but for your information one of the Directors has profits arising from property of £750k per annum year in year out for at least 20 years. No I'm not going to tell you how I know either!
- 26 Jan 2015, 13:12
- Forum: All things Plainmoor
- Topic: Torquay United set for a take over ?
- Replies: 143
- Views: 25670
Torquay United set for a take over ?
Anyone who knows the property market in PAIGNTON and Torquay know who. If you don't know just Google it, shouldn't take long there aren't that many Directors to choose from.Dutchgull wrote:Really ??? Who ?
- 24 Jan 2015, 16:30
- Forum: All things Plainmoor
- Topic: Torquay United set for a take over ?
- Replies: 143
- Views: 25670
Torquay United set for a take over ?
Fair enough about staying within your means but what pisses me off is that there are at least 2 board members worth more than Thea. They have put next to nothing into the club and seem happy to let the club go down the drain when they could easily afford to help sustain it through this period.
