Thanks for the clarification Paul. Apart from natural curiosity about the structuring, one of my motives for posting yesterday was to try to dampen down speculation about "cash being stripped out of the club" or that type of talk and try to see what completely legitimate and fair action might have been taken. I think it would be natural for many to assume that mention of a distribution of profits was referring to a dividend being paid, which as we know has not happened (and ALK and co would be smart enough to not allow some other action to be treated as such by HMRC as you say).Tall Paul wrote: ↑Sun Jan 10, 2021 8:52 am
I wasn't suggesting there had been a dividend payment, I was saying that it would be likely that HMRC would see the inter-company transaction as a distribution of profits and treat it as such, which is why I'm extremely dubious of the reports that they've used the club's cash in that way.
I like what I am hearing so far at least - and of course this is the easy bit - but the relocation to live in the area, the desire to retain Dyche, the continuing engagement with MG/JB (including it seems a claw back provision although this bit is not confirmed) are all good signs, which we might not have seen from a different buyer.