Banks no longer subject to Section 382 of Tax Code

Section 382 of the Tax Code was designed to prevent profitable companies from purchasing companies with losses and thereby avoiding tax. No matter how you feel about this, the Treasury usurped its authority in making banks free of section 382. The cost to taxpayers is estimated at $110-150 billion. Perhaps the Treasury should give back $150 Billion of the bailout funds.

Furthermore, Congress is mad, but also scared to reinstate Section 382 for banks, fearing they will be blamed for a Great Depression.

Brad Evans

Aston Villa

The Villans will use the Micros Hospitality Management System.

Brad Evans

Liverpool

Shareliverpoolfc wants investors to help it purchase Liverpool FC. GBP 5000 per investor. It's a good football club, and the group looks like a good group. I don't know about the debt rung up by Hicks and Gillett. There's also the question of the new stadium to consider.

Brad Evans

Ligue 1

A little less than 50% of revenue comes from TV rights. Debt is low. Finances are good.

Brad Evans

Feyenoord and Anderlecht

These two clubs have lost Fortis shirt sponsorship related to Fortis's economic troubles.

Brad Evans

Newcastle United

Anschutz Entertainment Group set to take over Newcastle. AEG already has some football investments in Europe. I think good news for Newcastle and its fans. Good news for AEG too.

Brad Evans

Portsmouth

Pini Zahavi set to take over Portsmouth. I'd say, bad news for Portsmouth and its fans.

Brad Evans