It Is Better To Offer No Excuse Than A Bad One

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I seem to recall that part of Dave King’s settlement …

Comment on It Is Better To Offer No Excuse Than A Bad One by blu.

I seem to recall that part of Dave King’s settlement with the South African Revenue Service was a  requirement that Mr King’s family repatriate business assets held overseas into South Africa. Has anyone any insight into how this sits with NOAL being BVI-based?

blu Also Commented

It Is Better To Offer No Excuse Than A Bad One
easyJamboDecember 20, 2017 at 12:44
EJ, I’ve no cause to doubt you or Hearts directors or the company auditors. It’s a fact though that people will speculate on these matters, often getting things completely wrong, intentionally or simply through ignorance.


It Is Better To Offer No Excuse Than A Bad One

easyJamboDecember 20, 2017 at 11:23

blu December 20, 2017 at 11:16 There is an element of truth in Tangoed’s assertion about the need for transparency though – I’m sure there’s plenty speculation on Jambos Kickback as to the identity of the mysterious benefactors. ===================== There is indeed plenty speculation on Jambos Kickback about the benefactor(s).
A couple of well informed posters have all but confirmed that the money has come from partners in an Edinburgh investment company.

EJ,
I’m sure that you and others closer to the club will have a very good idea who these people are but as long as the club is asked to keep their identities private there will be speculation and aspersions cast from the east of Edinburgh and further afield.


It Is Better To Offer No Excuse Than A Bad One

HomunculusDecember 20, 2017 at 10:57
I’ll decline from commenting further, the majority of members here seem to think it is acceptable to conjecture that Hearts are being funded by the proceeds of crime.

For the avoidance of doubt Homunculus, I agree with your challenge to Tangoed – his subsequent response confirms it is simple speculation, possibly mischievous. My question was more focused on what might be considered as money laundering, tangential and less important than your challenge.
There is an element of truth in Tangoed’s assertion about the need for transparency though – I’m sure there’s plenty speculation on Jambos Kickback as to the identity of the mysterious benefactors.
 


Recent Comments by blu

Who Is Conning Whom?
HomunculusDecember 1, 2017 at 13:49
Maybe Sir David Murray is due another honour from the Queen for services to society by ensuring that a widely and mostly effective (for tax avoiders) loophole was damaged beyond all credibility through his operation of it at Rangers Football Club. Arise, Lord Murray of Auchenhowie, the tax collector’s champion.


Enough is enough
Thought-provoking blog Andrak, perhaps a bit misunderstood by some. As ever, it’s those who are strongest and hold the power, who feel as if they’ve most to lose. It’s perfectly understandable that Celtic supporters want to continue to see the growth and development of their club since the arrival of Fergus McCann, particularly satisfying when set against the implosion in Govan. But is it good for Scottish football and is it sustainable long-term? In his undoubtedly envy-driven argument, easily swiped aside by Tom English, Alex Rae (Souness influenced?) surely touched on something – if only Celtic can win the league over a period of more than 10 years, what’s the point? It actually confounds logic that Hearts and Hibs have invested so much in their grounds and Aberdeen are desperate to do the same.
I thought that John Clark made a telling point earlier –

But a return to a proper understanding of the inter-dependency of competing clubs (in whichever sport) would be a beginning.  It takes two teams to make a football match, and a number of clubs to form a league.


The Vice Closes
The photo in the retweet is of a member of the Mossos d’Esquadra, hence the support from supporters of Catalan independence.


On Grounds for Judicial Review
There was some earlier discussion on Ewan  Murray’s article in the Guardian but there’s another article by Barney Ronay regarding an Inquiry initiated by Lewisham Council into the Compulsory Purchase Order placed on land, including Millwall FC’s Den, which may be of interest. The inquiry was called after a series of questions emerged over the process and due diligence behind the council’s plans to compulsorily purchase the land in Bermondsey and sell it on to an offshore‑registered developer.
The full article can be found here:https://www.theguardian.com/football/2017/aug/17/millwall-inquiry-battle-den-lewisham-council

This extract may resonate:

The inquiry is expected to reveal its findings in a report before the end of the year. Witnesses are currently giving evidence.
At the end of which it is worth pointing out that the inquiry itself is a puzzling affair. Lord Dyson may be a hugely respected, impartial and dizzyingly able former master of the rolls. It is important to point out that this is not a public inquiry with judicial force.
This is in reality a report commissioned and paid for by the council’s executive, and operating within a strictly defined framework. It is a private inquiry.
The Dyson inquiry has no power to demand or seize documents. It cannot peer behind the veil of offshore secrecy. It will never tell us, for example, who really owns Renewal, or who Renewal’s ultimate beneficiaries are. All of the evidence involved will be heard privately and kept from the public gaze.


On Grounds for Judicial Review
ZilchAugust 18, 2017 at 11:27
Excellent piece Zilch. I agree part that Celtic can’t be faulted for driving forward. They were happy though to ally with Rangers on the voting structure of the SPL, which effectively provided the two with a veto  on change. Why the others didn’t kick the door in when Rangers went bust is beyond me.


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