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The Board - general discussion (including Res 12); notes from the AGM
Topic Started: 15 Jul 2014, 12:03 AM (1,414,424 Views)
Wailer
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Rebel music.
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jim62
8 Nov 2017, 07:31 PM
Barcabjoy has tweeted that New Oasis Asset Limuted ...the King family trust company tbat has already loaned money to Sevco and according to the most recent accounts is the provider of the £7.2mill needed between now and 2019...is registered in the British Virgin Isles .... But that isn't worthy of comment from BBC Scotland ;)
They've suffered enough.
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jim62
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up on the roof!!

Wailer
8 Nov 2017, 07:32 PM
jim62
8 Nov 2017, 07:31 PM
Barcabjoy has tweeted that New Oasis Asset Limuted ...the King family trust company tbat has already loaned money to Sevco and according to the most recent accounts is the provider of the £7.2mill needed between now and 2019...is registered in the British Virgin Isles .... But that isn't worthy of comment from BBC Scotland ;)
They've suffered enough.
Indeed...one mustn't draw any inference about receiving interest free loans from a company based in a notorious offshore tax haven ...especially even when those loans are keeping the recipient going and stopping them going bust


That isn't newsworthy at all ;)
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Hoops For Me All The Way
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You want equality? Consider if that person feels Equal.
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jim62
8 Nov 2017, 07:31 PM
Barcabjoy has tweeted that New Oasis Asset Limuted ...the King family trust company tbat has already loaned money to Sevco and according to the most recent accounts is the provider of the £7.2mill needed between now and 2019...is registered in the British Virgin Isles .... But that isn't worthy of comment from BBC Scotland ;)
Not trying to undermine your post, but that's been known for a long, long time. Barca knows this but is tweeting it for obvious reasons.

:thumbsup:
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shug
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Omar be jingling
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Nisi Dominus Frustra
8 Nov 2017, 07:12 PM
georgiesleftpeg
8 Nov 2017, 06:12 PM
Never have, and never will be, a fan of the Irish Carpetbagger, but....

So, DD puts a few 100k through Appleby & gets on the telly,
but Jim McColl sells Weir Pumps for 700 million via the same company
(& Switzerland, & the Cayman Isles) but doesn't get a mike stuck up his nose from Mr Daly.
Not even a mention in the "Scottish"
#ParadisePapers
Was wondering when that would show up. :lol:

He was nearly right. :suspect: For clarification:

Clyde Pumps was formed in 2007 with the acquisition of Weir Pumps from the Weir Group in 2007 and warehoused by Clyde Blowers. Union Pump was acquired from Textron in 2008, which formed ClydeUnion Pumps.

In December 2011 ClydeUnion Pumps was sold to SPX FLOW for £700million. The vendors named in the Share Purchase Agreement were Clyde Blowers Capital S. R.L. (registered in Luxembourg), SCF-VI Offshore L.P (registered in Grand Cayman), Appleby Nominees (Jersey) Limited - and the Management of the Company.

As Daly was bleating on last night about the loss off Capital Gains Tax due to the proceeds of the sale of the St Enoch Centre being offshored, I’m sure a quick look at East Kilbride’s own Clyde Blowers PLC on the Companies House website will re-assure him that no such stunt was pulled and the full value of the sale appears in the UK acounts, and even if it didn't make these shores, the deal was perfectly legal and above board.

However, it was quite a surprise to settle down to a programme about Appleby's Scottish Connections to find that such a huge deal involving, er, a Scottish Company and, um, Appleby, didn't even merit some scrutiny.

Happy to have this post pulled if the mods don't want to risk it - but as you can see, the Purchase Agreement is in the Public Domain and the rest of the info is on Clyde Blowers' own Website. :thumbsup:



Wait, are you saying the sale was subject to UK tax or not?
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jim62
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up on the roof!!

Hoops For Me All The Way
8 Nov 2017, 08:26 PM
jim62
8 Nov 2017, 07:31 PM
Barcabjoy has tweeted that New Oasis Asset Limuted ...the King family trust company tbat has already loaned money to Sevco and according to the most recent accounts is the provider of the £7.2mill needed between now and 2019...is registered in the British Virgin Isles .... But that isn't worthy of comment from BBC Scotland ;)
Not trying to undermine your post, but that's been known for a long, long time. Barca knows this but is tweeting it for obvious reasons.

:thumbsup:
Indeed..and not a word from any journalist, investigative or otherwise ;)
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Nisi Dominus Frustra
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shug
8 Nov 2017, 08:28 PM
Nisi Dominus Frustra
8 Nov 2017, 07:12 PM
georgiesleftpeg
8 Nov 2017, 06:12 PM
Never have, and never will be, a fan of the Irish Carpetbagger, but....

So, DD puts a few 100k through Appleby & gets on the telly,
but Jim McColl sells Weir Pumps for 700 million via the same company
(& Switzerland, & the Cayman Isles) but doesn't get a mike stuck up his nose from Mr Daly.
Not even a mention in the "Scottish"
#ParadisePapers
Was wondering when that would show up. :lol:

He was nearly right. :suspect: For clarification:

Clyde Pumps was formed in 2007 with the acquisition of Weir Pumps from the Weir Group in 2007 and warehoused by Clyde Blowers. Union Pump was acquired from Textron in 2008, which formed ClydeUnion Pumps.

In December 2011 ClydeUnion Pumps was sold to SPX FLOW for £700million. The vendors named in the Share Purchase Agreement were Clyde Blowers Capital S. R.L. (registered in Luxembourg), SCF-VI Offshore L.P (registered in Grand Cayman), Appleby Nominees (Jersey) Limited - and the Management of the Company.

As Daly was bleating on last night about the loss off Capital Gains Tax due to the proceeds of the sale of the St Enoch Centre being offshored, I’m sure a quick look at East Kilbride’s own Clyde Blowers PLC on the Companies House website will re-assure him that no such stunt was pulled and the full value of the sale appears in the UK acounts, and even if it didn't make these shores, the deal was perfectly legal and above board.

However, it was quite a surprise to settle down to a programme about Appleby's Scottish Connections to find that such a huge deal involving, er, a Scottish Company and, um, Appleby, didn't even merit some scrutiny.

Happy to have this post pulled if the mods don't want to risk it - but as you can see, the Purchase Agreement is in the Public Domain and the rest of the info is on Clyde Blowers' own Website. :thumbsup:



Wait, are you saying the sale was subject to UK tax or not?
I'm sure all due taxes were paid - as per the examples given in the programme last night. That wasn't the point of Daly's 'exposé', though.

It was about structures being offshored in durisdictions outside the UK for tax-efficiency purposes. I'm just pointing out that a far bigger deal with a similar m.o. was not deemed worth a mention.

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Willie Wonka
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Slavery fled, oh glorious dead
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Nisi Dominus Frustra
8 Nov 2017, 09:04 PM
shug
8 Nov 2017, 08:28 PM
Nisi Dominus Frustra
8 Nov 2017, 07:12 PM

Quoting limited to 3 levels deepSo, DD puts a few 100k through Appleby & gets on the telly,
but Jim McColl sells Weir Pumps for 700 million via the same company
(& Switzerland, & the Cayman Isles) but doesn't get a mike stuck up his nose from Mr Daly.
Not even a mention in the "Scottish"
#ParadisePapers
Share Purchase Agreement were Clyde Blowers Capital S. R.L. (registered in Luxembourg), SCF-VI Offshore L.P (registered in Grand Cayman), Appleby Nominees (Jersey) Limited - and the Management of the Company.

As Daly was bleating on last night about the loss off Capital Gains Tax due to the proceeds of the sale of the St Enoch Centre being offshored, I’m sure a quick look at East Kilbride’s own Clyde Blowers PLC on the Companies House website will re-assure him that no such stunt was pulled and the full value of the sale appears in the UK acounts, and even if it didn't make these shores, the deal was perfectly legal and above board.

However, it was quite a surprise to settle down to a programme about Appleby's Scottish Connections to find that such a huge deal involving, er, a Scottish Company and, um, Appleby, didn't even merit some scrutiny.

Happy to have this post pulled if the mods don't want to risk it - but as you can see, the Purchase Agreement is in the Public Domain and the rest of the info is on Clyde Blowers' own Website. :thumbsup:



Wait, are you saying the sale was subject to UK tax or not?
I'm sure all due taxes were paid - as per the examples given in the programme last night. That wasn't the point of Daly's 'exposé', though.

It was about structures being offshored in durisdictions outside the UK for tax-efficiency purposes. I'm just pointing out that a far bigger deal with a similar m.o. was not deemed worth a mention.

I think they know where he lives
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ryn
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Touch it Elizabeth!
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jim62
8 Nov 2017, 07:31 PM
Barcabjoy has tweeted that New Oasis Asset Limuted ...the King family trust company tbat has already loaned money to Sevco and according to the most recent accounts is the provider of the £7.2mill needed between now and 2019...is registered in the British Virgin Isles .... But that isn't worthy of comment from BBC Scotland ;)
Sensible thing for a lawyer to know about and understand. A journalist in the Scottish Sport department at the BBC doesn't have the time to learn the intricacies of that.

This doorstepping came about by investigative work on Panorama, picked up through the guardian and the original German investigation.

Mark Daly saw an angle on the story and jumped at it. He has the time to do that.

BBC Sport Scotland are shockingly bad. But they have no love for Sevco outside of the commentating and usual pandering on Sportscene. Which mainly comes from their hiring of ex-Huns (if such a thing could exist).

Their work on EBT did a lot to damage oldco, they wrote to every person named as part of the investigation, and got a lot of flak from the beneficiaries in the process. If someone at the Beeb is smart enough to work out the tax links with BVI, Sevco and GASL without straying onto Libel, slander of defamation then I have no doubt that they will pursue the story.

If it's a story that goes deeper than a niche understanding then they will break it. But at the moment it's not cut and dried enough.

I have no love for the BBC at all but what you have posted isn't a story yet in the sense that BBC Sport Scotland would understand it.

Edit: for clarity.
Edited by ryn, 8 Nov 2017, 10:15 PM.
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Sean Daleer
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ryn
8 Nov 2017, 10:06 PM
jim62
8 Nov 2017, 07:31 PM
Barcabjoy has tweeted that New Oasis Asset Limuted ...the King family trust company tbat has already loaned money to Sevco and according to the most recent accounts is the provider of the £7.2mill needed between now and 2019...is registered in the British Virgin Isles .... But that isn't worthy of comment from BBC Scotland ;)
Sensible thing for a lawyer to know about and understand. A journalist in the Scottish Sport department at the BBC doesn't have the time to learn the intricacies of that.

This doorstepping came about by investigative work on Panorama, picked up through the guardian and the original German investigation.

Mark Daly saw an angle on the story and jumped at it. He has the time to do that.

BBC Sport Scotland are shockingly bad. But they have no love for Sevco outside of the commentating and usual pandering on Sportscene. Which mainly comes from their hiring of ex-Huns (if such a thing could exist).

Their work on EBT did a lot to bring down oldco, they wrote to every person named as part of the investigation. And if someone at the Beeb is smart enough to work out the tax links with BVI, Sevco and GASL without straying onto Libel, slander of defamation then I have no doubt that they will pursue the story.

If it's a story that goes deeper than a niche understanding then they will break it. But at the moment it's not cut and dried enough.

I have no love for the BBC at all but what you have posted isn't a story yet in the sense that BBC Sport Scotland would understand it.
If they are smart enough to dodge libel or slander?

They just hijacked a man for a soundbite about a tax break that turned out to be legal and not relevant to Scotland at all.

Libel and slander are mere dots in the rear view mirror for the BBC.
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Broadsword
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Can I have 12 bottles of bleach please?
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jim62
8 Nov 2017, 07:35 PM
Wailer
8 Nov 2017, 07:32 PM
jim62
8 Nov 2017, 07:31 PM
Barcabjoy has tweeted that New Oasis Asset Limuted ...the King family trust company tbat has already loaned money to Sevco and according to the most recent accounts is the provider of the £7.2mill needed between now and 2019...is registered in the British Virgin Isles .... But that isn't worthy of comment from BBC Scotland ;)
They've suffered enough.
Indeed...one mustn't draw any inference about receiving interest free loans from a company based in a notorious offshore tax haven ...especially even when those loans are keeping the recipient going and stopping them going bust


That isn't newsworthy at all ;)
At the very least it merits mention on a sports programme such as Sportsound.

I have no major issue with Daly questioning the likes of Desmond, I just don't see the true journalistic merits of having it on a sports programme.
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dazabhoy67
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Off treasure hunting in Holland
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Hoops For Me All The Way
8 Nov 2017, 08:26 PM
jim62
8 Nov 2017, 07:31 PM
Barcabjoy has tweeted that New Oasis Asset Limuted ...the King family trust company tbat has already loaned money to Sevco and according to the most recent accounts is the provider of the £7.2mill needed between now and 2019...is registered in the British Virgin Isles .... But that isn't worthy of comment from BBC Scotland ;)
Not trying to undermine your post, but that's been known for a long, long time. Barca knows this but is tweeting it for obvious reasons.

:thumbsup:
That is exactly the point though? The BBC have had plenty of time to comment or even investigate this company further but never have.
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MBhoy1888
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Getting on a bit
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ryn
8 Nov 2017, 10:06 PM
jim62
8 Nov 2017, 07:31 PM
Barcabjoy has tweeted that New Oasis Asset Limuted ...the King family trust company tbat has already loaned money to Sevco and according to the most recent accounts is the provider of the £7.2mill needed between now and 2019...is registered in the British Virgin Isles .... But that isn't worthy of comment from BBC Scotland ;)
Sensible thing for a lawyer to know about and understand. A journalist in the Scottish Sport department at the BBC doesn't have the time to learn the intricacies of that.

This doorstepping came about by investigative work on Panorama, picked up through the guardian and the original German investigation.

Mark Daly saw an angle on the story and jumped at it. He has the time to do that.

BBC Sport Scotland are shockingly bad. But they have no love for Sevco outside of the commentating and usual pandering on Sportscene. Which mainly comes from their hiring of ex-Huns (if such a thing could exist).

Their work on EBT did a lot to damage oldco, they wrote to every person named as part of the investigation, and got a lot of flak from the beneficiaries in the process. If someone at the Beeb is smart enough to work out the tax links with BVI, Sevco and GASL without straying onto Libel, slander of defamation then I have no doubt that they will pursue the story.

If it's a story that goes deeper than a niche understanding then they will break it. But at the moment it's not cut and dried enough.

I have no love for the BBC at all but what you have posted isn't a story yet in the sense that BBC Sport Scotland would understand it.

Edit: for clarity.
Sense. :thumbsup:
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jbrown1964
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First-team starter
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King was originally indicted on 322 counts including fraud, tax evasion and evasion of exchange control regulations, as well as money-laundering and racketeering. He was allowed to eventually pleaded guilty to 41 criminal counts of contravening the South Africa Income Tax Act because he had transferred all his money to overseas accounts. The only way SA could get any money back was to drop criminal charges. I think tax avoidance is the a drop in the ocean.
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Torquemada
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ryn
8 Nov 2017, 10:06 PM
If someone at the Beeb is smart enough to work out the tax links with BVI, Sevco and GASL without straying onto Libel, slander of defamation then I have no doubt that they will pursue the story.
So what's Santa bringing you?
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Corky Buczek
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Trolololo
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Broadsword
9 Nov 2017, 12:20 AM
jim62
8 Nov 2017, 07:35 PM
Wailer
8 Nov 2017, 07:32 PM

Quoting limited to 3 levels deep
Indeed...one mustn't draw any inference about receiving interest free loans from a company based in a notorious offshore tax haven ...especially even when those loans are keeping the recipient going and stopping them going bust


That isn't newsworthy at all ;)
At the very least it merits mention on a sports programme such as Sportsound.

I have no major issue with Daly questioning the likes of Desmond, I just don't see the true journalistic merits of having it on a sports programme.
Is the correct answer
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popeyed
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Climbing walls while sittin' in a chair.
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MBhoy1888
9 Nov 2017, 11:51 AM
ryn
8 Nov 2017, 10:06 PM
jim62
8 Nov 2017, 07:31 PM
Barcabjoy has tweeted that New Oasis Asset Limuted ...the King family trust company tbat has already loaned money to Sevco and according to the most recent accounts is the provider of the £7.2mill needed between now and 2019...is registered in the British Virgin Isles .... But that isn't worthy of comment from BBC Scotland ;)
Sensible thing for a lawyer to know about and understand. A journalist in the Scottish Sport department at the BBC doesn't have the time to learn the intricacies of that.

This doorstepping came about by investigative work on Panorama, picked up through the guardian and the original German investigation.

Mark Daly saw an angle on the story and jumped at it. He has the time to do that.

BBC Sport Scotland are shockingly bad. But they have no love for Sevco outside of the commentating and usual pandering on Sportscene. Which mainly comes from their hiring of ex-Huns (if such a thing could exist).

Their work on EBT did a lot to damage oldco, they wrote to every person named as part of the investigation, and got a lot of flak from the beneficiaries in the process. If someone at the Beeb is smart enough to work out the tax links with BVI, Sevco and GASL without straying onto Libel, slander of defamation then I have no doubt that they will pursue the story.

If it's a story that goes deeper than a niche understanding then they will break it. But at the moment it's not cut and dried enough.

I have no love for the BBC at all but what you have posted isn't a story yet in the sense that BBC Sport Scotland would understand it.

Edit: for clarity.
Sense. :thumbsup:
Daly is their chief investigative journalist - not a sports hack.
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ryn
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Touch it Elizabeth!
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Torquemada
9 Nov 2017, 12:50 PM
ryn
8 Nov 2017, 10:06 PM
If someone at the Beeb is smart enough to work out the tax links with BVI, Sevco and GASL without straying onto Libel, slander of defamation then I have no doubt that they will pursue the story.
So what's Santa bringing you?
I had asked him for a non sequitur but someone kindly gave me this already.

And I never got you anything. :cry:
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sepang
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First team training
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<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">I'm hearing that an intrepid investigative reporter was doorstepped at 06.00 am this morning.</p>— Phil MacGiollaBhain (@Pmacgiollabhain) <a href="https://twitter.com/Pmacgiollabhain/status/928598036888121344?ref_src=twsrc%5Etfw">November 9, 2017</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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allthewine
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Ned Rise
8 Nov 2017, 03:05 PM
This is a global story. The Guardian report two days ago listed Trump and Trudeau links.

They mentioned Everton and Arsenal.

In relation to elites running countries and the world for elites, people are being assassinated for asking tough questions (see the Maltese journalist and the Panama papers).

Dermot Desmond is a big name at the biggest club in Scotland. It's mental to even think that this would be ignored. However, it would probably all blow over pretty sharpish but for writing a letter with the opening line 'Are you a Rangers supporter?'

WTF was he thinking? He's already off the front page, for want of a better phrase, and I think he would have been off it a day earlier but for that line in his letter.

I agree there is no equivalence to what he is supposed to have done and with deidco, who were warned by HMRC to stop with the EBTs. Such was their financial state, they chose to ignore them and we all know what happened next.

As far as I've seen though, there hasn't been a flood of stories giving the two things legal or moral equivalence. But there are a lot of people furious at something that as far as I'm aware hasn't even happened.

This.

:thumbsup:
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Mackin
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The Ginty McGinty genius
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Noone bothered about the AGM this year? Amazing what a wee bit of success on the field will do. :lol:
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