Originally posted by BrilloPad
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Sir Philip Green must repay £400m or lose knighthood, says MP
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Originally posted by AtW View PostHe is BMW here...
The buyers did what appears to me similar thing -
"The Guardian has calculated that Green and his family collected £586m in dividends, rental payments and interest on loans during their 15-year ownership of the retailer. Meanwhile, BHS made payments of more than £25m to Retail Acquisitions, the consortium led by Chappell, in the 13 months since it bought the company. These payments were for management fees, salaries, professional fees, and interest on loans."
They just did not have as much time as the guys at Rover and on the other hand there wasn't much to strip in Bhs I reckon...Hard Brexit now!
#prayfornodealComment
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They should give him a CBE.
C**t of the British Empire.Comment
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Originally posted by PurpleGorilla View PostThey should give him a CBE.
C**t of the British Empire.
Cretin of CUK.Hard Brexit now!
#prayfornodealComment
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Having said all of which I hope he's "persuaded" to cough up 200 million at least to go into the pension pot.Hard Brexit now!
#prayfornodealComment
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Originally posted by sasguru View PostNOtice how the Guardian reports it "during their 15 year ownership" conveniently forgetting that those divis were taken before 2005 when BHS was fine. He actually did turn it around from being a basket case to making a profit.Comment
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Originally posted by sasguru View PostHaving said all of which I hope he's "persuaded" to cough up 200 million at least to go into the pension pot.
Philip Green only cares for money and nothing else.Comment
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Originally posted by AtW View PostI don't think BHS was fine back then, who do you think would sell asset for £200 mln when it's fine and £400 mln dividends can be taken out soon after purchase???
It made profit for a few years more
Could argue he should have invested it.
Sadly we don't have the German way of family owned business here.Hard Brexit now!
#prayfornodealComment
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Originally posted by sasguru View PostSadly we don't have the German way of family owned business here.“Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.”Comment
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Originally posted by sasguru View PostLast dividend he took was 40 million in 2004 when profits were 110 million on sales of 890 million. It had made profits steadily since he bought it for 200 million in 2000. AndComment
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