Going Bust

[BILLCOWIE1958]

After releasing their annual accounts more than 2 weeks late Sports Direct have issued profits warnings Indeed they have indicated that their position may be TERMINAL

With regard to SEVCO and their current financial position......

Who is gonna go TITS UP first? ?

HH?

 

[Maria]

Hopefully the latter for it would bring me sooooo much joy

 

[Benignus]

Laugh out loud stuff on folly folly, they are now on their high horse talking about how big Mike should be paying his taxes, hypocrisy of the highest order, its a race to the bottom between Marty Feldman and big Mike, zombies have my full support on this one?

 

[Niall J]

According to Neil Doncaster liquidation is a good way to 'shed debt'. Maybe they could do that and return as 'The' Sports Direct.

 

[Maria]

According to Neil Doncaster liquidation is a good way to 'shed debt'. Maybe they could do that and return as 'The' Sports Direct.

How very responsible of him NOT, fuck being a small company round that stinkin, cheatin attitude.

Sound people always pay their debts.

 

[26+6=1]

How very responsible of him NOT, fuck being a small company round that stinkin, cheatin attitude.

Sound people always pay their debts.

But not all people who always pay their debts are sound

 

[Maria]

But not all people who always pay their debts are sound

He didn’t really pay his though ???

 

[26+6=1]

After releasing their annual accounts more than 2 weeks late Sports Direct have issued profits warnings Indeed they have indicated that their position may be TERMINAL

With regard to SEVCO and their current financial position......

Who is gonna go TITS UP first? ?

HH?

Sports Direct stated House Of Frazer's position may be terminal; not SD's. They bought HOF in a firesale for around 90m but found the company owes taxes of about 650m in Belgium. As a whole SD still made a profit but only just.

Sevconians should be watching with dread. Every penny awarded in compensation will improve the SD balance sheet in the next financial report which in turn will affect stock prices (Big Mike owns 68%). So expect him to go for every penny that can be squeezed out of the cowardly lyin King.

 

[The Galway shawl]

Good article in the Gaurdian regarding this.the terminal quote is solely about the house of Fraser. SD made a profit of £264m on a turnover of 3.2bn last year. So if the clowns across the city think he's going bust they better take reality check.

 

[tictastic]

I`m thinking big Mike will chappin the door of mordor soon for his cash.

 

[BILLCOWIE1958]

Sports Direct stated House Of Frazer's position may be terminal; not SD's. They bought HOF in a firesale for around 90m but found the company owes taxes of about 650m in Belgium. As a whole SD still made a profit but only just.

Sevconians should be watching with dread. Every penny awarded in compensation will improve the SD balance sheet in the next financial report which in turn will affect stock prices (Big Mike owns 68%). So expect him to go for every penny that can be squeezed out of the cowardly lyin King.

Well with a €650 mill tax demand from the Belgians after already losing £150 mill in the Debenham scenario along wit trying to make HoF a HARRODS on every High St watch this space for Sports Direct vanishing

Their Director of Finanance is going in September and very few businesses can withstand such losses

I was in Frasers in Glasgow looking for cerrain items only to be told by staff that they were having difficulty obtaining stock from suppliers The stock was available only HoF was having difficulty getting it

As for Sports Direct late publication of accounts Although not unheard of still doesn't auger well for the Company

If a Company gets too big too soon 1 of 2 things happen Someone buys you or you go bust

HH?

 

[Theverdict1]

I hope he demands what he’s owed this week before they get knocked out by Progres.

 

[26+6=1]

Well with a €650 mill tax demand from the Belgians after already losing £150 mill in the Debenham scenario along wit trying to make HoF a HARRODS on every High St watch this space for Sports Direct vanishing

Their Director of Finanance is going in September and very few businesses can withstand such losses

I was in Frasers in Glasgow looking for cerrain items only to be told by staff that they were having difficulty obtaining stock from suppliers The stock was available only HoF was having difficulty getting it

As for Sports Direct late publication of accounts Although not unheard of still doesn't auger well for the Company

If a Company gets too big too soon 1 of 2 things happen Someone buys you or you go bust

HH?

I don't think SD are in any imminent danger of failing to see out their retail agreement with Sevco. Sevco are a different matter; they might not see out the year. A financially wounded Ashley is a harbinger of doom for Sevco.