From wiki http://en.wikipedia.org/wiki/Debenture_(sport)
Given that the debenture has an agreed surrender value and is something that can be sold/transferred/traded etc. Is this something I could buy as a company asset/investment?
The access to guaranteed tickets is something that would attract no BIK as you still have to pay for them?
Thoughts?
In sport, a debenture is defined as a certificate of agreement of loans which is given under the company's stamp and carries an undertaking that the debenture holder will get a fixed return (fixed on the basis of interest rates) and the principal amount whenever the debenture matures. The terms may also include ancillary benefits such as an option to buy tickets at a favourable price, as well as or instead of interest. The term stems from the financial concept of a debenture.
The access to guaranteed tickets is something that would attract no BIK as you still have to pay for them?
Thoughts?
Comment