Comments on: KPMG, Leeds United and offshore

By: John Cave

John Cave — Fri, 13 Jul 2007 14:24:02 +0000

As the Leeds saga unfolded in May this year we were turning the pages of ‘Broken Dreams’ over and watching real life imitate the written word on a day by day basis.

By: Gareth

Gareth — Wed, 11 Jul 2007 15:49:23 +0000

And we see today, that, sure enough, KPMG have sold Leeds straight back to Ken Bates. No doubt now, we’ll hear from certain quarters how the evil and oppressive Revenue is threatening the enjoyment of countless fans by pursuing a vendetta, whilst KPMG laugh all the way to the bank.

By: James Governor’s Monkchips » links for 2007-07-10

James Governor’s Monkchips » links for 2007-07-10 — Tue, 10 Jul 2007 23:24:22 +0000

[...] Tax Research UK / KPMG, Leeds United and offshore KPMG in shady offshore ethics shocker (tags: KPMG ethics) [...]

By: Dennis Howlett

Dennis Howlett — Mon, 09 Jul 2007 23:15:35 +0000

Richard - this evening’s news indicated there are more bidders in play. But…I guess for the majority of those following this story, the complexities are tough to fathom. Maybe something could be done in that area to unpack the machinations that cloak these transactions in ways the British public can understand. That way, the acts of these individuals can be better understood?

By: Drawbacks

Drawbacks — Mon, 09 Jul 2007 15:53:13 +0000

According to Tom Bower’s Broken Dreams, Ken Bates has practised similar manoeuvres in the past.
“To implement the plan, Bates flew with [insolvency practitioner, later jailed for 4 years for cheating the Inland Revenue, John] Papi to Guernsey. Sitting in the office of Patrick Marrin, an accountant, the two visitors watched the unfolding of a paper trail between banks and lawyers, prompted each time by Bates signing a succession of forms. By the completion of that circle, Chelsea Village became the CFAC’s preferred creditor and the Royal Bank of Scotland possessed a secure debt in Chelsea Village rather than an unsecured debt with CFAC. On his return to London, Bates had secured possession of Chelsea free from the threat of insolvency, which he and the RBS stood to gain at the expense of the other creditors.”