Club statement

[Lowtower]

Andy Wood is a cock of the highest order

[SwearFilter]

+1

[barrowfan]

Radio Cumbria tonight - starts at 5.50 https://www.bbc.co.uk/programmes/p0657665

[mall]

I was listening to Radio Cumbria sport at 6 o'clock tonight. Andy Wood, apart from saying that a Fylde fan he was talking to was "laughing his head off" at our predicament, also said that "Gavin Skelton gets on well with the Cassons" !.
Can anyone throw any light on this ???.

He followed it up by saying they need to appoint a 'Yes man' because interference in team matters by the Cassons was not uncommon. That was the most disturbing 'takeaway' I got from this evening's programme.

Yes you're right there Nigel, that part (interference in team matters) went over my head initially.

[barrowfan]

He followed it up by saying they need to appoint a 'Yes man' because interference in team matters by the Cassons was not uncommon. That was the most disturbing 'takeaway' I got from this evening's programme.

Yes you're right there Nigel, that part (interference in team matters) went over my head initially.

So that’s Gavin Skelton as our next manager then!

[The Tomahawk Kid]

After reading the Club Statement my first thought was that I'd read it somewhere before. De ja vu?
Is Andrew Casson Brian Keen in disquise?

Football League? Ya havin' a laff! But that joke isn't funny anymore...

What was it The Sex Pistols sang during 'God Save The Queen'...oh yeah; I remember now: No Future!

[Wintergreen]

Something has been nagging at the back of my mind since this story broke and another poster touched on it too. The CEO states "...£4 million have (sic) been 'invested'..." what do the punctuation marks on the word invested indicate?

In the past some of the notable philanthropists who kept the club afloat by 'pumping their own money in' have actually been loaning the club money which had to be paid back with interest.

[barrowfan]

Something has been nagging at the back of my mind since this story broke and another poster touched on it too. The CEO states "...£4 million have (sic) been 'invested'..." what do the punctuation marks on the word invested indicate?

In the past some of the notable philanthropists who kept the club afloat by 'pumping their own money in' have actually been loaning the club money which had to be paid back with interest.

An interesting question.

I am told that according to the audited accounts of BARROW AFC there has been a deficit of around £1M a year since taken over by Paul Casson, so one has to conclude that the debt belongs to BARROW AFC and not Paul Casson. If he has lent that money either Interest free or at a rate of interest BARROW AFC has a deficit of around £4M which presumably can be called in at any time.

[Bingo]

Barrow AFC is in one person's ownership he owes himself £4 million. It doesn't show In the accounts as loans its shows as share capital I assume that means he would have to forfeit or off set this if he sold up. If he had placed the ground in the ownership of a different company I'd be more worried

[Jonty]

“In my brief time working in football, I have learned that a club that is reliant on a single shareholder cannot achieve lasting success. This is because we all work a little less hard than we should because we think the money will bring success and I have fallen into this thought process as well. Barrow is capable of having a Football League team, but only if everyone pulls together and works hard to make that dream a reality”

Don’t think anyone would disagree with the statement. The whole article reads like a sensible and workable business strategy, however one key point has not been addressed. Is Casson going to seek additional investment to get on board. This is a key question.

[BTC]

Barrow AFC is in one person's ownership he owes himself £4 million. It doesn't show In the accounts as loans its shows as share capital I assume that means he would have to forfeit or off set this if he sold up. If he had placed the ground in the ownership of a different company I'd be more worried

I'd be pretty surprised if some or all of his expenditure to date hasn't been offset as losses for the purpose of his US company or personal tax liabilities.

[barrowfan]

I'd be pretty surprised if some or all of his expenditure to date hasn't been offset as losses for the purpose of his US company or personal tax liabilities.

Is that possible when the two companies are in different countries and different sectors of business?

[Pedro]

I'd be pretty surprised if some or all of his expenditure to date hasn't been offset as losses for the purpose of his US company or personal tax liabilities.

Is that possible when the two companies are in different countries and different sectors of business?

Yes it is Paul Cassons admitted he was using such a system to finance the club when he took over.
Branson does the similiar borrows money from his own Bank in atax haven.Charges his UK company that hires in Drs nurses to the NHS that much in interest he makes no profit here and hence little tax liability and the profits are kept overseas with low tax paid if any
Tax and the law are only for the less well off,the only equality we have is in death !

[mickmike wilson]

Yes you're right there Nigel, that part (interference in team matters) went over my head initially.

So that’s Gavin Skelton as our next manager then!

Not happening.

[The Tomahawk Kid]

Something has been nagging at the back of my mind since this story broke and another poster touched on it too. The CEO states "...£4 million have (sic) been 'invested'..." what do the punctuation marks on the word invested indicate?

In the past some of the notable philanthropists who kept the club afloat by 'pumping their own money in' have actually been loaning the club money which had to be paid back with interest.

'Invested' - Mmmm...

An investment warrants a 'Return' - surely?

So are we being led to believe that Paul Casson's five year plan and his promise of a new stadium + his/our dream of returning to the FL was really only secondary to his REAL AIM of making money out of Barrow AFC?

His presentation at The Forum indicated that he was, like his father, a true fan of the club.
A true fan is driven by passion and love for his club, surely?

'Invested' - Mmmm...

[Nigel Bamford]

What else do you call £4.0m ploughed into the business, most as share capital? What word would you have liked him to use?