… has been jailed for 2 and a half years for hiding assets when owing tens of millions and being declared bankrupt.
He was declared bankrupt in 2017, as far as I can tell before and after that he has been living in a rented house in Wimbledon that costs 22 grand a month! Can anybody explain how that works?
Probably the source of the rent money is held in a financial instrument that can’t legally be connected to BB personally and ergo does not count as an asset he “owns”.
Lots of the people you see swarming in out of legal firms and accountants offices are doing the work to facilitate this kind of thing for the very wealthy – and they become very wealthy too.
The Bashir documentary with Michael Jackson discussed his wretched financial state, very close to bankruptcy. Then we see him shopping in Harrods. The store has been closed for an hour to allow him to shop without being pestered. He spends an eye-watering amount of money.
Assets held by a company rather than him? There’s normal person bankrupt and rich person bankrupt.
In similar vein, I read a quote yesterday (forget the source) along the lines of “if the punishment for a crime is a fine, then it’s only a crime for the poor.”
Slightly more serious, USA quote on capital punishment, “If you haven’t got the capital then you get the punishment.”
@Gatz
If you owe the bank £1,000, you have a massive problem.
If you owe the bank £100,000, the bank has a massive problem
But isn’t that one of the reasons why he is in jail?
Hiding assets…
….hurrrrrr
Comes across as a nice chap in the media.
Clearly a self obsessed twat who has been found out by the law.
Well done the BBC!
I was surprised they kept employing him after he was initially declared bankrupt, maybe he had a contract they couldn’t get out of. Think he will miss this year’s championships though ….
I hadn’t realised he had a previous conviction for the same thing, and a suspended sentence, in Germany.
They have TVs in prisons now, Dai.
Like bloody holiday camps nowadays
I meant he won’t be commentating on it unless he does it from his cell
Probably more likely to be commenting on the action on the shared set in gen pop as more people can enjoy him doing his stich
Up will go the cry “put it (the tennis) on the box”
each time BB walks near a cell with a telly during Wimbledon fortnight
Will they cry “put it open brackets the tennis close brackets on the box”? Because that would be stupid.
Showing results for stretch Show only results for “stich”? And are we having a full point at the end of your (and indeed his hahalol) sentence?
The thing with hiding assets when bankrupt is that the money is not just owed to the tax authorities and the banks, who get top priority [*] when whatever assets there are get divvied up. It’s the business creditors who don’t get bills paid. Sometimes a small company can go bust because of unpaid bills and their employees can end up without jobs because of it. In my days as a self-employed contract worker in the ’90s, I twice got “knocked” for unpaid wages for work I’d done. In the days before the law on what is and isn’t Self-Employment got tightened-up.
[*] After the Official Receiver’s fees have been paid, which is another kettle of bananas.
True dat.
Given how long bigger, more “successful” companies routinely drag out paying suppliers, few things are worse for a mall business than getting too many orders, having to take on new people to meet them and then not receiving the invoice settlements you need to pay the extra salaries
Here’s some full points, Jaygee. Go on, take the whole bag.
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Queen of Rightmove window-shopping, Mrs F, informs me our neighbours are paying over £2k pcm rent for a detached 3-storey house in a rural Cambs village. They both have older teenage kids from previous relationships, and 2 more together, so the large house is full.
So I asked her to look at houses to rent within a mile radius in Wimbledon.
£5,500 pcm – scrap that, it is actually in New Malden, not Wimbledon.
£22,000 pcm – 6-bed farmhouse on Wimbledon Common.
£39,000 pcm – 5-bed house near the tennis club.
So, maybe £22k rent isn’t so dodgy after all.
Well it is if the £22k a month you’re paying isn’t yours
Nitpicking.
At £22K a month, you’d think the landlords might have had Rentokil around before we moved in but apparently not
.
@H-P-Saucecraft
Bloody hell, HP, Steven King’s theft of your writing is getting more and more brazen with every passing day!
I’m paying £79.50 a month for a room in Lodestone’s house that I’ve never even seen.
Hey! Me too! What’s going on?
Nit-picking as usual.
Your use of “nit-picking” as opposed to HPL’s favored “nitpicking” is a form of pedantic fault-finding in its own right
Et tu, Jaygee
And who is HPL? And why are my pants wet?
I’d of wrote faultfinding as one word, too, which it is.
Yrs.
Hewlett-Packard Laserprinter
Wet pants probably on account on your listening habits. It is a little known fact that enough listening to enuretic cissy boys can cause a relapse in bladder dysfunction.
Unless you’ve just had another “dream”.
Wet Pants must be the covers version of Wet Leg.
I prefer Wet Log myself.
Got my Saucecrafts mixed up with my Lovecrafts…
Are you on the third floor as well?
Lets meet up someday…
For breakfast you get to wipe your bread on a kipper nailed to the door.
Bloody Druids get everywhere
PS. Ever quick with the maths, £22k per month is £264k per year.
Seriously, who has that kind of money to spend on rent? You could buy a house round ‘ere for that. Well, alright, half a house.
Possibly tax deductible where a mortgage wouldn’t be?
Can someone who has been declared bankrupt actually buy a house, anyway?
Still, £22k per month is £709 a night (£785 in February). Wouldn’t it be cheaper to live in a hotel?
I think that unless your bankruptcy is discharged then a house would be considered as an asset, even if purchased after the bankruptcy proceedings and it’s unlikely you’d be able to get a mortgage.
I think one of BB’s problems was his aversion to having to deduct and pay tax from his income
As a wag on Twitter pointed out yesterday, the only certainty is that the wrong Boris is now doing porridge.
Boris ist (in) Geil
I know the jails are full but it doesn’t have to be one or the other!
Only one of The Wrong Borises (TMFTL) is doing time.
By the time he comes out he’ll have been schooled in how to not get caught the next time.
@Mike-H
He’s apparently already been offered post-incarceration jobs by Amazon and Starbucks
Well it’s not the real world that our Boris is living in – it’s International Sports and Finance. The president of Bayern München spent a couple of years in prison for similar deeds (He »forgot« to declare a couple of millions when he filed his tax returns – »Well, I can’t have my eye on EVERYTHING…«), then went back to his job as if nothing had happened. And famously insulted season ticket holders and fans in his first public speech after his prison term: »I’m fed up with all this complaining about rising ticket prices! What have YOU ever done for this club!! It’s me who’s doing all the work!« Charming guy.
Not mine but when he was given a 2.5 yr sentence, Becker asked “Sorry judge, but how many months is that”,the answer “30 Love”
@Dai
The cell door apparently makes a Grand Slam when it swings shut behind him
Let him serve his sentence in peace
Tonight there’s gonna be a tie-break, somewhere in the town
No, too clever, @dai Don’t get it.
( I get yours, Moose. I don’t find it up to much, but I get it.)
Really? Serve? Tennis? Like the tie-break one which is better.
@Dai
You cannot be serious!
That’s not a brilliant joke.
We’re all being graded these days.
Oooh, I say!
He’s gonna smash it in there!
Serve, then.
A former Number One caught.
Commentary by Genial Harry Carpenter.