OLAS Posted November 13, 2015 Share Posted November 13, 2015 Hope Brown McMaster was well enough to hear the news before he passed away recently. He was our chairman during Save the Jags and this day was only a pipe-dream. Not sure what this means for the playing side of things, if we can offer better cash or god forbid, pay a transfer fee! http://www.eveningtimes.co.uk/sport/partick_thistle/14030239.Partick_Thistle_debt_free_after_restructuring/ Also, at long last, we're getting live commentary of the games Quote Link to comment Share on other sites More sharing options...
Langtonian Posted November 13, 2015 Share Posted November 13, 2015 another deal done with a tax payer owned bank Quote Link to comment Share on other sites More sharing options...
AberdeenAngus Posted November 13, 2015 Share Posted November 13, 2015 another deal done with a tax payer owned bank Bank of Scotland or HBOS is a subsidiary of the Lloyds Banking Group which is not owned by the taxpayer. Quote Link to comment Share on other sites More sharing options...
thplinth Posted November 13, 2015 Share Posted November 13, 2015 Ahhh debt free. Do not borrow money folks, seriously. Quote Link to comment Share on other sites More sharing options...
RenfrewBlue Posted November 13, 2015 Share Posted November 13, 2015 Ahhh debt free. Do not borrow money folks, seriously.Unfortunately to buy a house, you basically need to. Quote Link to comment Share on other sites More sharing options...
Ormond Posted November 13, 2015 Share Posted November 13, 2015 Unfortunately to buy a house, you basically need to.Not if you're a Tory voter. Quote Link to comment Share on other sites More sharing options...
Squirrelhumper Posted November 14, 2015 Share Posted November 14, 2015 another deal done with a tax payer owned bank I don't think I've ever seen a non miserable post from you. Ever. Quote Link to comment Share on other sites More sharing options...
Langtonian Posted November 14, 2015 Share Posted November 14, 2015 (edited) I don't think I've ever seen a non miserable post from you. Ever. now,now Edited November 14, 2015 by Langtonian Quote Link to comment Share on other sites More sharing options...
Langtonian Posted November 14, 2015 Share Posted November 14, 2015 Bank of Scotland or HBOS is a subsidiary of the Lloyds Banking Group which is not owned by the taxpayer. bailed out by the taxpayer Quote Link to comment Share on other sites More sharing options...
AberdeenAngus Posted November 14, 2015 Share Posted November 14, 2015 bailed out by the taxpayer Never owned by 'the taxpayer' Quote Link to comment Share on other sites More sharing options...
Squirrelhumper Posted November 14, 2015 Share Posted November 14, 2015 Wonder who Langtonian supports? Quote Link to comment Share on other sites More sharing options...
TartanJon Posted November 14, 2015 Share Posted November 14, 2015 Good news,even though most of their fans on here are arseholes I like Thistle and it's a crackin' day out. Quote Link to comment Share on other sites More sharing options...
Flora MaDonald Posted November 14, 2015 Share Posted November 14, 2015 I take it the Weirs have got something to do with this? Quote Link to comment Share on other sites More sharing options...
Charlie Endell Posted November 14, 2015 Share Posted November 14, 2015 I take it the Weirs have got something to do with this?Nobody seems to know - some clarification from Beattie is needed. Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted November 14, 2015 Share Posted November 14, 2015 Bank of Scotland or HBOS is a subsidiary of the Lloyds Banking Group which is not owned by the taxpayer. It's partially owned by the taxpayer, the clue is in the fact that the government is in the process of selling shares in the company i.e. part of their shareholding. Quote Link to comment Share on other sites More sharing options...
AberdeenAngus Posted November 14, 2015 Share Posted November 14, 2015 (edited) It's partially owned by the taxpayer, the clue is in the fact that the government is in the process of selling shares in the company i.e. part of their shareholding. Under 10%. Even if was 100% Government owned (not quite sure where the idea that taxpayers ever owned it came from - I never received any notification that I had become a part owner of any bank) why would it matter? This line of argument from Sevco fans is Whataboutery at its worst. Clubs and banks are coming to a mutually beneficial business decision to accept lump sums, with add-ons regards future percentages of transfer income or sale of stadium.. Neither side has been holding a gun to the other's head and more importantly there has been no willful non-payment of taxes or bills. Not sure what is so hard to understand about this as businesses in many walks of life ask debtors if they'd like to settle up early for a discount. Edited November 14, 2015 by AberdeenAngus Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted November 14, 2015 Share Posted November 14, 2015 Under 10%. Even if was 100% Government owned (not quite sure where the idea that taxpayers ever owned it came from - I never received any notification that I had become a part owner of any bank) why would it matter? This line of argument from Sevco fans is Whataboutery at its worst. Clubs and banks are coming to a mutually beneficial business decision to accept lump sums, with add-ons regards future percentages of transfer income or sale of stadium.. Neither side has been holding a gun to the other's head and more importantly there has been no willful non-payment of taxes or bills. Not sure what is so hard to understand about this as businesses in many walks of life ask debtors if they'd like to settle up early for a discount. With the government share the taxpayers benefit from any dividends paid a these can be spent by the government, dividends are related to profits and writing off bad debts impacts profits. Quote Link to comment Share on other sites More sharing options...
AberdeenAngus Posted November 14, 2015 Share Posted November 14, 2015 With the government share the taxpayers benefit from any dividends paid a these can be spent by the government, dividends are related to profits and writing off bad debts impacts profits. Still giving the Whataboutery large I see. Pretty certain that non of the banks have been posting profits so that's that argument sunk. Also you are mistaken that they are bad debts so that's another argument gone. Bad debts are debts which have not been paid and have no reasonable prospect of being so. Unaware that any club where deals have been done was not in a position to continue servicing their debt and making repayments. Does it really have to be pointed out yet again that some banks have decided they want out of football and for their own commercial reasons have decided to make offers to football clubs which suit the banks at the time the offers are made. We can also see through this petty line of argument that somehow clubs who have agreed deals with banks are somehow cheating the taxpayer - it is simply not true. In fact the very opposite is almost certainly true in that the government's share in the bank is worth more from a short term cash injection. To get the same return in cash terms the Government would have to hold the shares for quite a number of years which successive governments have made clear they will not be doing hence the quick sales which will have raised a better price for the Government (or taxpayer as you call them) given that less debt is being held by the bank and the increased capital which they are being obliged to hold to prevent any future bail out. Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted November 15, 2015 Share Posted November 15, 2015 Still giving the Whataboutery large I see. Pretty certain that non of the banks have been posting profits so that's that argument sunk. Also you are mistaken that they are bad debts so that's another argument gone. Bad debts are debts which have not been paid and have no reasonable prospect of being so. Unaware that any club where deals have been done was not in a position to continue servicing their debt and making repayments. Does it really have to be pointed out yet again that some banks have decided they want out of football and for their own commercial reasons have decided to make offers to football clubs which suit the banks at the time the offers are made. We can also see through this petty line of argument that somehow clubs who have agreed deals with banks are somehow cheating the taxpayer - it is simply not true. In fact the very opposite is almost certainly true in that the government's share in the bank is worth more from a short term cash injection. To get the same return in cash terms the Government would have to hold the shares for quite a number of years which successive governments have made clear they will not be doing hence the quick sales which will have raised a better price for the Government (or taxpayer as you call them) given that less debt is being held by the bank and the increased capital which they are being obliged to hold to prevent any future bail out. If whataboutery is your only line of defence what don't you get a adult to make some posts on your behalf. Quote Link to comment Share on other sites More sharing options...
AberdeenAngus Posted November 15, 2015 Share Posted November 15, 2015 If whataboutery is your only line of defence what don't you get a adult to make some posts on your behalf. Do you just ignore facts and result to childish insults? Quote Link to comment Share on other sites More sharing options...
Chief Posted November 15, 2015 Share Posted November 15, 2015 If they have paid all their debt back, fair play. If it's been written off then...meh. Quote Link to comment Share on other sites More sharing options...
macy37 Posted November 15, 2015 Share Posted November 15, 2015 If whataboutery is your only line of defence what don't you get a adult to make some posts on your behalf. In English please? Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted November 15, 2015 Share Posted November 15, 2015 Do you just ignore facts and result to childish insults? Do you think simply stating whataboutery as a response to every post is using facts? Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted November 15, 2015 Share Posted November 15, 2015 In English please? And your point is? Quote Link to comment Share on other sites More sharing options...
AberdeenAngus Posted November 15, 2015 Share Posted November 15, 2015 Do you think simply stating whataboutery as a response to every post is using facts? You're embarrassing yourself now. Quote Link to comment Share on other sites More sharing options...
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