BarnzFM Posted May 11, 2016 Report Share Posted May 11, 2016 Found this on The Bristol Cable, is it something we should worry/be angry about? https://thebristolcable.org/2016/05/panama-papers-bristol-city-f-c-rugby-club-and-flyers/ Link to comment Share on other sites More sharing options...
Vincent Vega Posted May 11, 2016 Report Share Posted May 11, 2016 In reply to the last question in the link , are we actually making money. ? Link to comment Share on other sites More sharing options...
ExiledAjax Posted May 11, 2016 Report Share Posted May 11, 2016 If the corporate structure is that simple then no. I wouldn't worry. From that sketchy, confused write up it looks like Lansdown is still the ultimate beneficial owner. Also, we all know he's a non-dom that resides in Guernsey, wouldn't it be a bit more odd if the ultimate Holdco wasn't Guernsey registered?. Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted May 11, 2016 Report Share Posted May 11, 2016 If anything it`s the other way round - money from the offshore tax haven is ending up at our local sports clubs. 6 minutes ago, Doozerchris said: In reply to the last question in the link , are we actually making money. ? Link to comment Share on other sites More sharing options...
Guest Posted May 11, 2016 Report Share Posted May 11, 2016 1 minute ago, Red Right Hand said: If anything it`s the other way round - money from the offshore tax haven is ending up at our local sports clubs. Exactly. But then where's the story anyway, because isn't the alternative from a Guernsey bank account? Link to comment Share on other sites More sharing options...
Son of Nob Posted May 11, 2016 Report Share Posted May 11, 2016 Appallingly written article with a fundamental lack of understanding of what could make an offshore entity suspicious. Lansdown is the clear Ultimate Beneficial Owner and his source of wealth isn't exactly opaque. Complete non-article. Link to comment Share on other sites More sharing options...
whoklldredrobin Posted May 11, 2016 Report Share Posted May 11, 2016 * Removed * Link to comment Share on other sites More sharing options...
Cider_boy Posted May 11, 2016 Report Share Posted May 11, 2016 I spotted SL in the Panama paper leak yesterday. My concern was the odd addresses in Brazil and Paraguay he was linked to. Looked them up on google maps, most odd. The site has a note today to say the address data was wrong and has now been updated. Now SL is only linked to Guernsey addresses. Non story. Link to comment Share on other sites More sharing options...
Scrumpty Posted May 11, 2016 Report Share Posted May 11, 2016 The real story is that Lansdown hides the millions of pounds made by the football club under his bed and counts it every night before going to sleep. By day, his stash is guarded by an aggressive troll and Lansdown forces him to wear the purple/lime kit at all times (I may have made that bit up). Link to comment Share on other sites More sharing options...
View from the Dolman Posted May 11, 2016 Report Share Posted May 11, 2016 Looks like lazy uninformed "journalism" to me. https://offshoreleaks.icij.org/nodes/10142981 shows Pula to be an intermediary of STI (G). An intermediary is defined as "A go-between for someone seeking an offshore corporation and an offshore service provider -- usually a law-firm or a middleman that asks an offshore service provider to create an offshore firm for a client." If STI (G) was a shareholder of Pula Ltd, this would be shown as per an example at https://offshoreleaks.icij.org/nodes/10152535 Link to comment Share on other sites More sharing options...
Alessandro Posted May 12, 2016 Report Share Posted May 12, 2016 I see this hasn't stop the EP running the story - from twitter: http://goo.gl/vCSjSV What is their point? Link to comment Share on other sites More sharing options...
Hello Posted May 12, 2016 Report Share Posted May 12, 2016 Even as a Rovers fan I think it's a load of bollox. No evidence of anything other than a few registered companies. I'd like to say ignore our fans who will go on about it. I hope they track everything to/from Dwane Sports in Jersey Link to comment Share on other sites More sharing options...
Bowie Posted May 12, 2016 Report Share Posted May 12, 2016 11 hours ago, BarnzFM said: Found this on The Bristol Cable, is it something we should worry/be angry about? https://thebristolcable.org/2016/05/panama-papers-bristol-city-f-c-rugby-club-and-flyers/ I'm angry that someone actually allowed this person to be a journalist, that said The Bristol Cable is a website of a bunch of bloggers so that is unfair on journalists Complete non-story written by someone who clearly knows little about Bristol or Bristol Sports in general. Link to comment Share on other sites More sharing options...
ExiledAjax Posted May 12, 2016 Report Share Posted May 12, 2016 46 minutes ago, Hello said: Even as a Rovers fan I think it's a load of bollox. No evidence of anything other than a few registered companies. I'd like to say ignore our fans who will go on about it. I hope they track everything to/from Dwane Sports in Jersey I imagine the new Rovers owners have an incredible simple corporate structure. Probably just a single company with them all as equal shareholders, each holding one ordinary share. I bet they pay as much tax as they possibly can. Link to comment Share on other sites More sharing options...
Welcome To The Jungle Posted May 12, 2016 Report Share Posted May 12, 2016 Any one else think our Steve should stop dodging/avoiding (I cant remember which is which) tax. Stadium or no stadium. Link to comment Share on other sites More sharing options...
exAtyeoMax Posted May 12, 2016 Report Share Posted May 12, 2016 5 minutes ago, Welcome To The Jungle said: Any one else think our Steve should stop dodging/avoiding (I cant remember which is which) tax. Stadium or no stadium. it would be interesting to know the difference in tax that he has to pay. Link to comment Share on other sites More sharing options...
Son of Nob Posted May 12, 2016 Report Share Posted May 12, 2016 16 minutes ago, exAtyeoMax said: it would be interesting to know the difference in tax that he has to pay. I believe Guernsey had a flat income tax rate of 20% compared to the 45% he'd be paying here. There will be a very big difference in what he pays. There is also no inheritance tax. Absolutely no problem with this. He is a Guernsey resident and should pay in line with this. Which I'm sure he does. Link to comment Share on other sites More sharing options...
exAtyeoMax Posted May 12, 2016 Report Share Posted May 12, 2016 2 minutes ago, Son Of Nob said: I believe Guernsey had a flat income tax rate of 20% compared to the 45% he'd be paying here. There will be a very big difference in what he pays. There is also no inheritance tax. Absolutely no problem with this. He is a Guernsey resident and should pay in line with this. Which I'm sure he does. Same here. I don't have a problem with it at all. Can we all move to Guernsey…? Link to comment Share on other sites More sharing options...
Bat Fastard Posted May 12, 2016 Report Share Posted May 12, 2016 Bristol Sport and the sports clubs that it owns all employ loads of people, some very high earning, and they all pay tax. Corporation tax is charged on PROFITS - and when have you heard of Bristol City or any of the sports clubs making a profit! This is a non-story dreamed up by a bunch of lefty idiots who have no idea how the World works. There is nothing to see here - so move on! Link to comment Share on other sites More sharing options...
nathredwood Posted May 12, 2016 Report Share Posted May 12, 2016 I would be more worried if our owner lived in Bristol and paid loads of tax. That would indicate a lack of business knowledge and no advisors around him who know what they are doing. Link to comment Share on other sites More sharing options...
Kodjias Wrist Posted May 12, 2016 Report Share Posted May 12, 2016 12 hours ago, whoklldredrobin said: * Removed * Clearly another sad little bristol rovers fan creaming over anything about our owner who is wealthier than theres ..... dear me Link to comment Share on other sites More sharing options...
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