vanderark14 Posted July 24, 2019 Share Posted July 24, 2019 On 7/23/2019 at 2:08 PM, Fairbairn said: I actually forgot I'd read that yesterday. While it could all be true the last 7 years has been full of rumours from, in the most part, mental obsessed Tims predicting Admin and all seeming to have inside knowledge of the clubs finances. I pretty much disregard all these stories (which so far have all proven to be absolute tripe). Thats pretty much my thoughts any time one of these rumours surfaces, its almost guaranteed to be made up Quote Link to comment Share on other sites More sharing options...
Rolling hIlls Posted July 25, 2019 Share Posted July 25, 2019 The straws are being clutched big style. The lawyers and part time accountants are out in force. Fandabidosi. Quote Link to comment Share on other sites More sharing options...
EddardStark Posted July 27, 2019 Share Posted July 27, 2019 (edited) Poor Mike 😞 From the Guardian Sports Direct warns of 'terminal' House of Fraser problems and €674m tax bill Mike Ashley’s troubled company finally releases its results after a day of ‘shambles’ Sarah Butler and Zoe Wood Fri 26 Jul 2019 19.07 BSTFirst published on Fri 26 Jul 2019 08.57 BST Shares 44 Mike Ashley’s Sports Direct has warned that its House of Fraser chain has “terminal” problems as the company revealed it had been hit with a bombshell €674m (£605m) tax bill from the Belgian authorities. In an extraordinary statement issued 10 hours late – and after the stock exchange had closed – the maverick businessman laid bare the state of his retail empire. The billionaire chief executive, who also owns Newcastle United, said that the desperate state of the House of Fraser chain, which the group bought out of administration in 2018, had created “significant uncertainty” as to the future profitability of the entire group. Its main Sports Direct chain was also struggling against a backdrop of tough trading conditions, with weak underlying sales. In the 38-page document, which at various points descended into Ashley’s personal rants about the failings of “self-interested” City advisers, the company said: It had received a €674m tax bill from the Belgian authorities that relates to products that had been routed internally via Belgium. House of Fraser’s financial problems could be “terminal” with more store closures likely. In a frank admission, Ashley indicated that he regretted the House of Fraser deal: “If we had the gift of hindsight we might have made a different decision in August 2018.” Its finance director Jon Kempster is stepping down in September, the third senior departure in recent weeks. The chief executives and finance directors of listed companies should have voluntary drug tests so as to avoid blackmail. Some analysts fear that the colourful deal-maker has taken on too much in the last 18 months, after a buying spree that has seen the £3.7bn group acquire Evans Cycles, the furniture business Sofa.com, and Game Digital, as well as House of Fraser. Guardian Today: the headlines, the analysis, the debate - sent direct to you Read more The company’s results were originally due to be released on 18 July, but publication was postponed when Sports Direct admitted that the complexities of its House of Fraser takeover and tighter regulatory scrutiny of its auditor, Grant Thornton, due toits role in the Patisserie Valerie collapse, were making the financial results more complicated to prepare. Throughout Friday, Sports Direct set several new deadlines for the publication of its results – a routine process that for listed companies happens at 7am – only for them to miss them until after the market had closed. Neil Wilson, an analyst at share trading platform Markets.com, described the delays as a “total and utter shambles”. Wilson said the delays showed a total disregard for shareholders: “It not only raises questions about the haphazard way in which the investor relations and finance teams are run … it raises a question about whether Ashley will ultimately take the company private.” The hefty tax bill was the biggest upset in the figures as it is the equivalent of several years of annual profits. The tax shock came as the group said it could not put a figure on its future profitability because of the disastrous buyout of the House of Fraser chain, which lost £1m a week in the year to the end of April. Profits for the overall group were up 5% at £142.3m for the year to April, but that was at the bottom end of expectations. Even before the tax demand came to light, the chaotic day had hit the company’s share price, which closed down nearly 4% at 234p. The company told a half-empty meeting of analysts late on Friday night that the demand had come in at “the 11th hour”. It said it would respond to the requests for information and appeared optimistic that it could fight off the bill. In a stark warning that will worry House of Fraser staff, who have already endured a year of uncertainty following the takeover last August, Ashley said the retailer was struggling to make some stores work even when it was paying landlords no rent at all. So far, just five stores have closed, leaving 54 still trading, but Ashley said it had discovered problems that were “nothing short of terminal in nature”. “On a scale out of 5, with 1 being very bad and 5 being very good, House of Fraser is a 1,” Ashley said, in characteristically blunt language. “There are still a number of stores which are currently paying zero rent and that are still unprofitable, and unfortunately this is not sustainable.” Edited July 27, 2019 by EddardStark Quote Link to comment Share on other sites More sharing options...
phart Posted July 27, 2019 Share Posted July 27, 2019 Wait are we are now allowed to glory in folk losing their jobs, the moral code seems to change depending on the individuals preferences? Quote Link to comment Share on other sites More sharing options...
EddardStark Posted July 27, 2019 Share Posted July 27, 2019 1 hour ago, phart said: Wait are we are now allowed to glory in folk losing their jobs, the moral code seems to change depending on the individuals preferences? I'm sure Mike can get a job on the till at JD Sports. Quote Link to comment Share on other sites More sharing options...
Parklife Posted July 27, 2019 Share Posted July 27, 2019 5 hours ago, phart said: Wait are we are now allowed to glory in folk losing their jobs, the moral code seems to change depending on the individuals preferences? Much like how everyone used to mock Heather Mills for only having one leg, yet spin in to an outrage if anyone dared say anything about David Murray. Quote Link to comment Share on other sites More sharing options...
Rolling hIlls Posted July 27, 2019 Share Posted July 27, 2019 26 minutes ago, Parklife said: Much like how everyone used to mock Heather Mills for only having one leg, yet spin in to an outrage if anyone dared say anything about David Murray. I never mocked heather mills. Or David Murray. Keep your generalisations to yourself please. Quote Link to comment Share on other sites More sharing options...
ErsatzThistle Posted July 27, 2019 Share Posted July 27, 2019 21 minutes ago, Rolling hIlls said: I never mocked heather mills. Or David Murray. Keep your generalisations to yourself please. You said yesterday that you had made your last ever post. Now go. Quote Link to comment Share on other sites More sharing options...
Rolling hIlls Posted July 27, 2019 Share Posted July 27, 2019 1 minute ago, ErsatzThistle said: You said yesterday that you had made your last ever post. Now go. That was an idle promise. Quote Link to comment Share on other sites More sharing options...
Rolling hIlls Posted July 27, 2019 Share Posted July 27, 2019 When you see the lies of a fork tongue saying that everyone mocked heather mills. How can anyone stand by and agree with that kind of talk? Pathetic. Quote Link to comment Share on other sites More sharing options...
RenfrewBlue Posted July 27, 2019 Share Posted July 27, 2019 5 hours ago, Parklife said: Much like how everyone used to mock Heather Mills for only having one leg, yet spin in to an outrage if anyone dared say anything about David Murray. I mocked Heather Mills because she was a gold digging slapper and it had fuck all to do with her disability. I think that's what most people did. So I reckon your post is a bit inaccurate Parky. Quote Link to comment Share on other sites More sharing options...
Barney Rubble Posted July 27, 2019 Share Posted July 27, 2019 54 minutes ago, RenfrewBlue said: I mocked Heather Mills because she was a gold digging slapper and it had fuck all to do with her disability. I think that's what most people did. So I reckon your post is a bit inaccurate Parky. Which means you are a prize arse RB. Not something I would ever have had you down as prior to that post. What went wrong? Quote Link to comment Share on other sites More sharing options...
macy37 Posted July 27, 2019 Share Posted July 27, 2019 1 hour ago, RenfrewBlue said: I mocked Heather Mills because she was a gold digging slapper and it had fuck all to do with her disability. I think that's what most people did. So I reckon your post is a bit inaccurate Parky. Did what she got up to bother you so much you mocked her? Really? Heather Mills? Honestly? Quote Link to comment Share on other sites More sharing options...
thplinth Posted July 27, 2019 Share Posted July 27, 2019 1 hour ago, Barney Rubble said: Which means you are a prize arse RB. Not something I would ever have had you down as prior to that post. What went wrong? After that post on the cancer thread I am thinking it is you who is the prize arsehole. Mon RB. Quote Link to comment Share on other sites More sharing options...
Parklife Posted July 27, 2019 Share Posted July 27, 2019 2 hours ago, RenfrewBlue said: I mocked Heather Mills because she was a gold digging slapper and it had fuck all to do with her disability. I think that's what most people did. So I reckon your post is a bit inaccurate Parky. Weird post Quote Link to comment Share on other sites More sharing options...
Terry Munro Posted July 27, 2019 Share Posted July 27, 2019 2 hours ago, RenfrewBlue said: I mocked Heather Mills because she was a gold digging slapper and it had fuck all to do with her disability. I think that's what most people did. So I reckon your post is a bit inaccurate Parky. Wasn't David Murray only disabled after driving his car drunk and crashing it? That's a genuine question btw as I probably wasn't even born when it happened, but it's what I've always heard and Google doesn't seem to have any confirmation either way. Quote Link to comment Share on other sites More sharing options...
thplinth Posted July 27, 2019 Share Posted July 27, 2019 (edited) Anyone who takes the piss out of Heather Mills morally speaking does not have a leg to stand on. Shameful. Edited July 27, 2019 by thplinth Quote Link to comment Share on other sites More sharing options...
RenfrewBlue Posted July 27, 2019 Share Posted July 27, 2019 2 hours ago, Barney Rubble said: Which means you are a prize arse RB. Not something I would ever have had you down as prior to that post. What went wrong? I'm interested in why you think the odd joke in a private group of friends is so bad. Seriously, it upsets you? Quote Link to comment Share on other sites More sharing options...
RenfrewBlue Posted July 27, 2019 Share Posted July 27, 2019 2 hours ago, macy37 said: Did what she got up to bother you so much you mocked her? Really? Heather Mills? Honestly? I cracked a few jokes at her expense to my friends. Some of them even laughed. Why does that bother you? Quote Link to comment Share on other sites More sharing options...
RenfrewBlue Posted July 27, 2019 Share Posted July 27, 2019 47 minutes ago, Parklife said: Weird post Why? Quote Link to comment Share on other sites More sharing options...
RenfrewBlue Posted July 27, 2019 Share Posted July 27, 2019 28 minutes ago, Terry Munro said: Wasn't David Murray only disabled after driving his car drunk and crashing it? That's a genuine question btw as I probably wasn't even born when it happened, but it's what I've always heard and Google doesn't seem to have any confirmation either way. I know it was a car crash but I haven't ever heard that he had been drinking. And folk making jokes about his personality or actions wouldn't bother me. After all that's fair game, or have I got that wrong? Quote Link to comment Share on other sites More sharing options...
RenfrewBlue Posted July 27, 2019 Share Posted July 27, 2019 27 minutes ago, thplinth said: Anyone who takes the piss out of Heather Mills morally speaking does not have a leg to stand on. Shameful. Come on thplinth, that's Dad joke material. 😉 Quote Link to comment Share on other sites More sharing options...
thplinth Posted July 27, 2019 Share Posted July 27, 2019 aye says you about 10 posts later you glacial cunt. Quote Link to comment Share on other sites More sharing options...
Parklife Posted July 27, 2019 Share Posted July 27, 2019 42 minutes ago, RenfrewBlue said: Why? Because you're a sanctimonious wanker, so I'm surprised that all of a sudden everything is fair game. Quote Link to comment Share on other sites More sharing options...
Rolling hIlls Posted July 28, 2019 Share Posted July 28, 2019 Not that it will bother you, but down in my estimations. Quote Link to comment Share on other sites More sharing options...
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