Simon Jordan: Levy is ‘as smart as paint’ for taking out £175m loan amid coronavirus pandemic

[Croftwoodspurs]

Think we have had all the paint jokes, as they are drying up... Time to put a lid on it.. ?

 

[dagraham]

Quite apt seeing as watching paint dry has been more fun that watching us play this season.

 

[cider spurs]

Got to say...it's been emulsional.

 

[teok]

I didn't actually know if this was going to be an insult or a compliment.

 

[shelfboy68]

Think we have had all the paint jokes, as they are drying up... Time to put a lid on it.. ?

Yep time to give it the brush off.

 

[TwanYid]

By borrowing this money, Levy is in a sense laying down a tarp to protect the club from the drips and spills of possible financial fallout.

 

[Spriggan]

Us and united apparently but that’s no surprise as we are the two clubs that paid the most Tax

Qualification for this loan is based on our corporate credit rating, and only THFC and Manure qualified. If I can find the original article I read I’ll post a link.

 

[thebenjamin]

Paint

 

[Metalhead]

Paintful.

Ok, that's really enough now.

 

[shelfboy68]

By borrowing this money, Levy is in a sense laying down a tarp to protect the club from the drips and spills of possible financial fallout.

Yes I think we can gloss over it now.

 

[buckley]

Arsenal and us paid the most tax a few years ago but Arsenal have changed their system so as to pay no tax as do other clubs tax avoidance if you will it has its obvious upside the downside is a non profitable company is unlikely to obtain a loan the size of this one .
Little as I know about this subject I believe it is something to do with paying tax on profit and most clubs spend any potential profits on transfers and investments so as to show the club making nil profit thus no tax under the current rules for football .
I believe going down this route results in clubs unable to loan vast amounts as their books portray the club as making nil profit therefore banks unwilling to loan as under these circumstances any club making nil profit is in no position to repay a loan .
Of course I am probably 100% wide of the mark but until its explained to me I will go on believing in this theory.

 

[Hoddlegenius]

Sorry for cutting in but......

 

[spursfan77]

Arsenal and us paid the most tax a few years ago but Arsenal have changed their system so as to pay no tax as do other clubs tax avoidance if you will it has its obvious upside the downside is a non profitable company is unlikely to obtain a loan the size of this one .
Little as I know about this subject I believe it is something to do with paying tax on profit and most clubs spend any potential profits on transfers and investments so as to show the club making nil profit thus no tax under the current rules for football .
I believe going down this route results in clubs unable to loan vast amounts as their books portray the club as making nil profit therefore banks unwilling to loan as under these circumstances any club making nil profit is in no position to repay a loan .
Of course I am probably 100% wide of the mark but until its explained to me I will go on believing in this theory.

No, I think you’re right that’s pretty much it.

 

[tototoner]

Didn't think Jordan had a dulux dog in this fight

 

[shelfboy68]

I suppose to crown it all off.

 

[worcestersauce]

Good to hear from that well known financial guru Martin keown ??
We've obviously lost income but the stadium loan was never crippling and now the club has £175m worth of cheap money that will make more interest in the bank than the interest it has to pay for borrowing it.

 

[freeeki]

Yeah but Keith (24) and unemployed from Enfield says that he's tight and embarrassing our club ?‍

There are 24 year olds called Keith?

 

[Navin R Johnson]

Got to say...it's been emulsional.

It's just masking the problem.

Martin Keown has also chipped in with his usual 'Spurs are fucked' mantra-he's just fed up with le goons trying to keep up with the Johnstones.