by omegaprimevkm » Wed Jul 25, 2018 2:53 pm
I'm over Colo wrote: ↑Wed Jul 25, 2018 2:38 pm
omegaprimevkm wrote: ↑Wed Jul 25, 2018 2:32 pm
Simple speculation owing to the fact that stated public accounts are not compared against bank balances, and that the business practices of Ashley have been unscrupulous consistently, and that UK football clubs have been used as money laundering previously (Birmingham City, Portsmouth, Leeds etc.)
https://www.int-comp.com/ict-views/post ... der-money/
Oh I have no doubt that happens all too often in football, and he doesn't deserve receiving the benefit of the doubt when it comes to business dealings, I really just meant that money laundering would lend itself to artificially inflating the club's revenues in their accounting, when in fact they've been rightfully criticized as too low and below a lot of their league competitors.
Indeed, but then refuse to disclose purchase prices where possible and continually the excuse has been offered that NUFC can't financially compete, in particular with Watford, Burnley, Bournemouth etc. when they should be at least running the same speed in terms of consistency and salary as the likes of Everton, West Ham etc.
[quote="I'm over Colo" post_id=844903 time=1532529536 user_id=108]
[quote=omegaprimevkm post_id=844901 time=1532529135 user_id=2447]
Simple speculation owing to the fact that stated public accounts are not compared against bank balances, and that the business practices of Ashley have been unscrupulous consistently, and that UK football clubs have been used as money laundering previously (Birmingham City, Portsmouth, Leeds etc.)
https://www.int-comp.com/ict-views/posts/2016/05/06/how-to-use-a-football-club-to-launder-money/
[/quote]
Oh I have no doubt that happens all too often in football, and he doesn't deserve receiving the benefit of the doubt when it comes to business dealings, I really just meant that money laundering would lend itself to artificially inflating the club's revenues in their accounting, when in fact they've been rightfully criticized as too low and below a lot of their league competitors.
[/quote]
Indeed, but then refuse to disclose purchase prices where possible and continually the excuse has been offered that NUFC can't financially compete, in particular with Watford, Burnley, Bournemouth etc. when they should be at least running the same speed in terms of consistency and salary as the likes of Everton, West Ham etc.