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Player Coach | 1782 | No Team Selected |
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Apr 2006 | 19 years | |
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Feb 2025 | Sep 2022 | LINK |
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Quote jimmyfivebellies="jimmyfivebellies"You would think Allam owned the stadium,the way rovers fans are talking ,not the council!!! The SMC,is not owned by the allam's,neither.I would think the council would have more say than allam,regarding rent issues at the kc.'"
Actually, I believe the Allam's do own the SMC, whilst the council certainly own the stadium.
Here are the terms of the original deal:
www.hullcityafc.net/page/NewsDet ... 12,00.html
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Quote jimmyfivebellies="jimmyfivebellies"You would think Allam owned the stadium,the way rovers fans are talking ,not the council!!! The SMC,is not owned by the allam's,neither.I would think the council would have more say than allam,regarding rent issues at the kc.'"
Actually, I believe the Allam's do own the SMC, whilst the council certainly own the stadium.
Here are the terms of the original deal:
www.hullcityafc.net/page/NewsDet ... 12,00.html
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Rank | Posts | Team |
International Board Member | 37503 | No Team Selected |
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Apr 2003 | 22 years | |
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Apr 2015 | Oct 2014 | LINK |
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| Quote knockersbumpMKII="knockersbumpMKII"So you never heard of business owners taking a salary then, you don't have to be a net profit business to do that.'"
Yes, I have heard of business owners taking a salary IF THEY ARE EMPLOYED BY THE BUSINESS, and AP isn't employed by Hull FC, as far as I know.
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Rank | Posts | Team |
International Board Member | 1677 | No Team Selected |
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Jan 2003 | 22 years | |
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May 2013 | May 2013 | LINK |
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Well if AP heads it up we wont have a problem at all with a new deal
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Well if AP heads it up we wont have a problem at all with a new deal
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Rank | Posts | Team |
International Board Member | 1677 | No Team Selected |
Joined | Service | Reputation |
Jan 2003 | 22 years | |
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May 2013 | May 2013 | LINK |
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Well if AP heads it up we wont have a problem at all with a new deal
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Well if AP heads it up we wont have a problem at all with a new deal
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Rank | Posts | Team |
Club Coach | 4033 | No Team Selected |
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Sep 2005 | 20 years | |
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Mar 2014 | Mar 2014 | LINK |
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| Pearson doesn't head it, Mark Mcguire did till he left last month
would imagine Ehab Allam is running at the minute
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Rank | Posts | Team |
Player Coach | 1782 | No Team Selected |
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Apr 2006 | 19 years | |
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Feb 2025 | Sep 2022 | LINK |
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| Quote Coach="Coach"Well if AP heads it up we wont have a problem at all with a new deal'"
Yeah - he resigned a while back. New directors are Messrs Allam, Allam and Mcguire (just realised he's gone too)
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Rank | Posts | Team |
Player Coach | 10540 | No Team Selected |
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Feb 2007 | 18 years | |
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Mar 2016 | Mar 2016 | LINK |
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| Quote Standee="Standee"Yes, I have heard of business owners taking a salary IF THEY ARE EMPLOYED BY THE BUSINESS, and AP isn't employed by Hull FC, as far as I know.'"
That's a very easy situation to remedy if he wishes, though.
"Adam, can I have a job with a healthy salary please?"
"Why, yes Adam, of course you can. Start Monday."
"Thanks Adam."
I don't think that will be his approach though, I don't think he's out to milk the club in that way.
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Rank | Posts | Team |
International Board Member | 37503 | No Team Selected |
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Apr 2003 | 22 years | |
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Apr 2015 | Oct 2014 | LINK |
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| Quote carl_spackler="carl_spackler"That's a very easy situation to remedy if he wishes, though.
"Adam, can I have a job with a healthy salary please?"
"Why, yes Adam, of course you can. Start Monday."
"Thanks Adam."
I don't think that will be his approach though, I don't think he's out to milk the club in that way.'"
but it would be a nonsense thing to do, if he draws a salary above the tax threshold (which would be anything over £0.00 as he is already employed by city) then he would have to pay employers and employees NI out of his own pocket (figuratively speaking) plus his PAYE at the higher rate on all of his earnings (assuming he gets over £60k from City, which I would imagine he does, he is best served doing what most business owners do and taking dividends when the company has paid Corporation Tax, and you can't take a dividend if the company has made a loss.
Same reason I was amazed (and don't believe) that Kath took a salary, quadruple whammy on tax given employers, employees, PAYE AND CT on dividends.
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Rank | Posts | Team |
Player Coach | 10540 | No Team Selected |
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Feb 2007 | 18 years | |
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Mar 2016 | Mar 2016 | LINK |
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| Quote Standee="Standee"but it would be a nonsense thing to do, if he draws a salary above the tax threshold (which would be anything over £0.00 as he is already employed by city) then he would have to pay employers and employees NI out of his own pocket (figuratively speaking) plus his PAYE at the higher rate on all of his earnings (assuming he gets over £60k from City, which I would imagine he does, he is best served doing what most business owners do and taking dividends when the company has paid Corporation Tax, and you can't take a dividend if the company has made a loss.
Same reason I was amazed (and don't believe) that Kath took a salary, quadruple whammy on tax given employers, employees, PAYE AND CT on dividends.'"
I know, I was merely pointing out that it would be very easy for him to do if he wanted.
Although it's worth noting that depending on the respective tax rates the difference might not be as much as you maybe think. Still preferred in your pocket than the tax man's, though.
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Rank | Posts | Team |
International Board Member | 37503 | No Team Selected |
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Apr 2003 | 22 years | |
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Apr 2015 | Oct 2014 | LINK |
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| Quote carl_spackler="carl_spackler"I know, I was merely pointing out that it would be very easy for him to do if he wanted.
Although it's worth noting that depending on the respective tax rates the difference might not be as much as you maybe think. Still preferred in your pocket than the tax man's, though.'"
I don't "think", I know the difference, and it's substantial.
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Player Coach | 10540 | No Team Selected |
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Feb 2007 | 18 years | |
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| Quote Standee="Standee"I don't "think", I know the difference, and it's substantial.'"
Depends on the figures involved, and what a person considers substantial. Whether substantial or insubstantial though, it's unnecessary, which is why I agreed with your previous post.
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Rank | Posts | Team |
Player Coach | 30594 | No Team Selected |
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Mar 2007 | 18 years | |
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Mar 2025 | Feb 2025 | LINK |
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| Quote Standee="Standee"
Same reason I was amazed (and don't believe) that Kath took a salary, quadruple whammy on tax given employers, employees, PAYE AND CT on dividends.'"
Do you think kath turned up for 10 years and took nothing out?
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