Here's a reason why Evans won't quit..and won't be sacking M

[hallamblue]

This was sent to me by a close friend who used to work at the Inland Revenue. So could say the comments are from the horses mouth regarding what really happened when ME bought ITFC.......it also kinda supports my long held view that Evans is very cleverly using ITFC for the benefit of the Evans Corporation more than he is interested in the Club's footballing fortunes....and certainly not the fans.

Liz, I do not post as have not seen a game since 2005 , so have no right, but am worried gates are down, and as u say entertainment is zero , I would like 2 know how much Evans has put into the club bearing in mind he paid 2p in the pound for the club & has been writing off any losses against profits on his group since. When I did the wages inspection on ITFC the debt was under 2 mill , only when it went into members voluntary did all the debts become involved, this included banks debts of just under 30 million that they had not defaulted on Our regional office agreed with us that ITFC could not be wound up as it would have too much of an impact on the local community , net result ME is into ITFC for god knows how many millions at an initial cosy of 2 mill plus , bloody good business sense as he can write any losses off against any potential profits of the ME group, sound investment on his part, he really has little incentive financially to see the club succeed, emotionally yes , business wise no I sometimes wonder if it would have been better to go under and do what Rangers have achieived in Scotland maybe.

[barmy billy]

If what your friend says is correct, it merely confirms the long-held view of many of us.

What hope is there and why is MM hanging around effectively wasting his time and blunting his supposed ambition to manage in the Premiership again? It certainly won't happen at ITFC.

Very depressing indeed.

[marko69]

I sometimes wonder if it would have been better to go under and do what Rangers have achieived in Scotland maybe.

Your friend falls into the trap also. Rangers have achieved absolutely ZERO. NOTHING. Rangers Football Club no longer exist. They were liquidised. Everyone needs to go look that word up and really understand its meaning. They were closed down and wiped. They are now a historic club with a great history.

The club that currently play in the SPL are "The Rangers Football Club" and the only reason they continue to have the same support is the immensely thick supporters of historic Rangers thinking it's the same club. It's not. In the words of a famous Glasgow QC....., "Rangers FC is a non entity, they no longer exist."

So......., I wouldn't have liked to have seen ITFC liquidised......., you certainly wouldn't.

For the sake of the thread......., hopefully Marcus does sell the club on within the next 4 or 5 years. I've read on here that he's a Chelsea fan, so there is nothing "emotional" going on with him.

[The Odious Mr Rossi]

This was sent to me by a close friend who used to work at the Inland Revenue. So could say the comments are from the horses mouth regarding what really happened when ME bought ITFC.......it also kinda supports my long held view that Evans is very cleverly using ITFC for the benefit of the Evans Corporation more than he is interested in the Club's footballing fortunes....and certainly not the fans.

Liz, I do not post as have not seen a game since 2005 , so have no right, but am worried gates are down, and as u say entertainment is zero , I would like 2 know how much Evans has put into the club bearing in mind he paid 2p in the pound for the club & has been writing off any losses against profits on his group since. When I did the wages inspection on ITFC the debt was under 2 mill , only when it went into members voluntary did all the debts become involved, this included banks debts of just under 30 million that they had not defaulted on Our regional office agreed with us that ITFC could not be wound up as it would have too much of an impact on the local community , net result ME is into ITFC for god knows how many millions at an initial cosy of 2 mill plus , bloody good business sense as he can write any losses off against any potential profits of the ME group, sound investment on his part, he really has little incentive financially to see the club succeed, emotionally yes , business wise no I sometimes wonder if it would have been better to go under and do what Rangers have achieived in Scotland maybe.

Exactly what some of us have been saying ever since ME became involved.
Using this method of offsetting one companies loss against the profits of the group, he is able to pay the group shareholders a bigger dividend than he would be able to do if he did not have a loss-making company as part of the group.

[Tangfastic]

I sometimes wonder if it would have been better to go under and do what Rangers have achieived in Scotland maybe.

Your friend falls into the trap also. Rangers have achieved absolutely ZERO. NOTHING. Rangers Football Club no longer exist. They were liquidised. Everyone needs to go look that word up and really understand its meaning. They were closed down and wiped. They are now a historic club with a great history.

The club that currently play in the SPL are "The Rangers Football Club" and the only reason they continue to have the same support is the immensely thick supporters of historic Rangers thinking it's the same club. It's not. In the words of a famous Glasgow QC....., "Rangers FC is a non entity, they no longer exist."

So......., I wouldn't have liked to have seen ITFC liquidised......., you certainly wouldn't.

For the sake of the thread......., hopefully Marcus does sell the club on within the next 4 or 5 years. I've read on here that he's a Chelsea fan, so there is nothing "emotional" going on with him.

I don't want us to go bankrupt... or liquidized .. or even relegated ... I don't think its necessary. Didn't need a revolution, but a bit of evolution. That's where Mick's got it wrong IMO. He's hasn't taken the club forward and has even said he's still doing the same thing after 4 years as if that were enough.

I'm not sticking up for Rangers as I've got no affectation for them and would take the p*ss of a big English club like Man City or Chelsea if it also happened to them - but I see Rangers as the same club. Don't care what a QC said or if there is bit of a small name change - they pretty much play in the same colours, play in the same stadium and most importantly have the same fans. And the fans matter most for the club's identity - not accountants or lawyers or whoever.

When we get FFP and financial reports, etc shoved down our throats - I wonder what someone like Milne expects fans to be care about? Accountancy lessons and balance sheets aren't going to keep the fans interested. Good football and entertainment will. We know the finances are very important in how we put a squad of players together, but ultimately what keeps fans interested is what happens on the pitch. Not sure how real this threat of bankruptcy is with Town, but its not going to go away if we keep on just trying to exist as a Championship side with dropping attendances.

[number 9]

http://www.insidethegames.biz/articles/ ... -structure

Another player in the Olympic Ticketing scandal falls on his sword. It seems like a lot of people are taking the hits for ME right now. I wonder if ME will come out of this unscathed?

(I didn't want to start a new thread for this.)

[marko69]

100% different club, Tang. Not lawyers -------> dictionary. Liquidised. No more.

Same Ersehole support.

[ashfordblue]

Liz After reading this from your friend at Inland revenue, as Charner's has said and what most business fans and myself on here have said for ages, we knew ME uses the club as a tax loss, he aint going to shoot the golden goose revenue maker, just because we want him out, we know he does not give a fig what happens to ITFC, even if we get relegated, that will help his tax loss cause even more, as he could claim more against the loss of revenue coming in through the gates, and with the club making a further loss each year it looks good on ME's business returns, so it looks like we as a club are F****d which ever way we turn.

So the day that ME bought the club for 2p in the £ was a distinct business advantage, and we the fans thought he was our saviour, and would spend big to buy quality players to get us promoted, and get his investment back ten fold, instead he appoints two disaster managers in Keane & Jewell, and a no better than average manager in McCarthy, who keeps the club floating around mid table and running at a loss for ME's business purposes, so both are happy, BUT not the fans because of this mediocre running of a once great club, it has mightily pissed off nearly every fan, so it looks like we are going to have to put up with the same old ghost owner excuses each season, and Mick at the helm for the foreseeable future, (not a nice thought or get the pulses racing) I just hope that the fans see sense and attend home matches in less numbers of around 6 to 8 thousand, that just might have some effect, but in ME's case he's not so worried, now we know how the Blackburn & Blackpool fans feel with p*ss poor owners, the only positive hope might be, that ME does in the foreseeable future get fed up with the club and sells it, but it would take one hell of a lot of fans constantly voicing their disapproval of the way things are run and the quality of Football played, but the fans would need to stay away in numbers to help the cause, it might work but don't hold your breath on it.

[marko69]

Holy hell! It's all got comprehensively more depressing within 2 days.

If all true, (can only trust it is as I'm no accountant) this is all worse than anything Mick McCarthy could dish up.

Even though MPB has been saying it for over a year, have all the fans now realised that the Mevans INC is extremely damaging for ITFC?

[hallamblue]

http://www.eadt.co.uk/sport/catch_up_on ... _1_4757333


Worth a read through if you're not local and don't get the EADT.

[Bluemike]

Don't wish to p*ss on anyone's parade but this still really tells us little, by the opening pieces's own admission the guy would "like to know how much ME puts into the club" It also says that ME "can write any losses off against any potential profits of the ME group", it doesn't say he does because nobody knows.

I am sure the person who this piece came from was involved in some shape or form but that still proves nothing reagrding the possible offsetting of any Tax/losses etc. As for the comment " he really has little incentive financially to see the club succeed" I just don't buy that at all, the mega Millions gained form promotion would far exceed any possible offsetting of loss, it must do.

[hallamblue]

I can't believe a multi millionaire got to being one by paying his taxes like a good boy, it would be very naïve to think anything else's. Evans is NOT dim when it comes to finances....nor is he dim when it comes to skipping the legal system it seems.


....he clearly states the following ....." I would like 2 know how much Evans has put into the club bearing in mind he paid 2p in the pound for the club & has been writing off any losses against profits on his group since

Up until reading this I was always under the impression it was only UK holdings he could write off. Clearly this is not the case. Town are very handy indeed to have in the Corporate accounts...and the bigger our debt , the bigger his tax relief on group profits. I definitely "buy it ". My friend had direct involvement with ITFC at that time. He still has friends at the IR .

We'll see what Marcus intends to do in the Jan window, because something needs to happen different than what has happened under MM so far. Whilst I cant stand MM's style of football, I do feel sorry for him as he appears to have had both hands tried behind his back, let alone one.

[marko69]

Yes, and so it goes round and round and round and round. To gain the EPL mega million status, he has to spend some dough on a few new players.

[herforder]

Don't worry, whilst he's sewing Brazilian mail bags MM can raid his off-shore bank accounts and bag us a quality striker and midfielder. What's good for the goose...!

[marko69]

and bag us a quality striker and midfielder......,

......, and a plane ticket for Jonas.

[Bluemike]

I still refute that ME would be better off off setting tax on losses than he would by getting in the prem, the riches would be much greater.

[hallamblue]

wonder what comparison is to PL money ( where he WOULD have spend substantially more on players because of the demands of the PL than he can currently get away with), and the tax savings on the millions of profits his Evans group accounts no doubt would have to declare if it weren't for the growing losses at his small ITFC Ltd Company who he's seemingly happy to see those losses rise year on year despite reaping over 22m in player sales in that time?

Guess we'll have to agree to disagree in this one Mike

[Bluemike]

Nothing wrong with disagreeing matey, don't get me wrong I have no doubt ME is up to what is being suggested, what I don't get or agree with is that it is to the detriment of ITFC, after all I believe our last set of accounts showed around a 6 Million profit if I am not mistaken, so on that basis ME must have been livid.

[ashfordblue]

I still refute that ME would be better off off setting tax on losses than he would by getting in the prem, the riches would be much greater.

Mike if that was the case why hasn't he ploughed in enough funds to Mick to buy quality players, Forget What Keane & Jewell had, Micks had literally F**K all from the £20 million we have had for players sold, we keep fooking selling the best ones, you watch Dozzell & Bishop will be next in the January window, then the lame old excuse of Micks got to rely on Loan players,

Now regarding ME off setting his tax returns on Ipswich's so called £80 million and growing losses, if we did happen to get to the premiership, where as you so rightly have said, we could guarantee £30 million plus pay offs each season, over three seasons that's say £90 million, that alone would be detrimental to his Companies accounts setting off his Tax returns against our £80 million losses, his company group accounts wouldn't be able to do this if we started getting the large premiership pay offs, and Ipswich were hopefully starting to show a profit of around £10 million after three years, so mike you are quite correct in your aim of premiership funds, but ME doesn't want that to happen, as his companies share holders profits are way higher the way it is at present, he's saying to Mick get so far up the league to keep the fans happy, but pull the plug when necessary to stop the final push ok, sounds cruel but that's business for you, the only hope we the fans might have is, if M E gets a super cant refuse offer for the club, and he wants to invest else where, but I cant see that happening in the foreseeable future, his motto is keep em (the fans) poor and keep em keen.

[Bluemike]

I don't accept it Ash, so you are saying in the play off semi against Norwich Berra was instructed to handle the ball and throw the game ? Sorry mate but its cobblers. I also know 100% MM would not be around this club if there was the slightest suspicion of anything like that, he is and always has been a football man who is as straight as the day is long, what you are suggesting is some ridiculous conspiracy theory which to me is cobblers. I think your obsession with wanting ME & MM out is getting out of hand and taking away your ability to rational thought.

At the last count the riches for a season in the Prem and the parachute payments that follow it were reckoned to be 144 Million all in, sorry but I do not see that an amount like that would be detrimental to his companies accounts at all, in any case hasn't it been stated for years now that ITFC is a seperate entity from anything else he owns ? Could 144 Million worth of tax be offset anyway , to me it is just not viable to attempt it.

I believe this nonsene that ME owes all the debt to himself and therefore will never have to pay it back is incorrect too, not sure of the exact amounts but I think it is somewhere around 45 million that is owed to himself while the rest is to creditors which is due for repayment in a few years time, that is how I understand it anyway so to suggest he is happy to continue to lose money year on year does not make sense. What everyone seems to forget is that unlike a lot of clubs who splash the cash they haven't got we have been in Admin, most others haven't, there is no way on earth we can go down that route again so being happy to just tick along losing money in this league makes no logical sense at all when the prize for going up is so vast. I suspect what ME pays into the club already seriously affects what can be given to MM anyway.