Pokecheque wrote:
http://senschirp.ca/chirped/chirped-fin ... -senators/Quote:
Looks like life isn’t half as bad as Eugene really wants to make it out to be. Even with all the operational losses his shares of the team have a $300M USD capital gain embedded in them. As you may know – capital gains are taxable at preferred rates in Canada and I know a little fancy footwork that can get the tax on a sale of this nature, very, very low. So assuming Eugene has good tax advisors he can expect after tax proceeds on a sale to be as follows: (Click on image to expand)
I’m not going to cry too much over his potential $266M payday. Yea yea, with legal fees and such it will be lower – but the pills are wearing off and my jaw is starting to ache so I’m not going to adjust for those.
Long story short for those that got bored (again) – Eugene’s return on his investment in the team – even after all his operational losses (I weep for him) will be somewhere in the area of 322% (i.e. 23% per year). Yea, you shouldn’t feel bad for him either. (Click on image to expand)
https://en.wikipedia.org/wiki/Eugene_MelnykQuote:
Canadian Business magazine ranked Melnyk 79th with a net worth of $1.21 billion on its 2017 list of Canada's 100 wealthiest people.
Boo-fucking-hoo. So this fuckstick is saying that the team can't afford to meet payroll? Here's an idea...sell some of your investments and sink some of your own fucking money into the team, rather than taking on high-interest loans, because you'll still make out like a bandit when it's sold.