Why our owners can't invest
#10
(06-25-2019, 08:25 PM)Kit Kat Chunky Wrote: Money does come out of China to invest, but there are different drivers for them. The curtailment of the cash for passports scheme has impacted their desire to invest in the UK.

Lai has also said the club must be self financing. He never promised to spunk a load of cash on us.
Correct on all accounts KKC 
Finance wise Lai doesn't want to invest further it's that simple!

Many misconceptions are on this forum with talk of money cannot come out of China is a fantasy.
FACT - Chinese outbound investment has historically fallen into three groups...Encouraged, Restricted and Prohibited. Outward cashflow to sports clubs went from 'Encouraged' to 'Restricted' last year to regulate large outflows. If the outflow is below a certain limit (dont recall the exact figure, but it's in the hundreds of millions) the transaction has to be recorded prior at a local level for approval, anything above has to be ratified and approved centrally by the Chinese government. N.B. (Hundreds of millions)
It may take a couple of months due to the red tape now in place, but it is completely legal to move funds out of China to facilitate ongoing servicing of initial investment.
Remember, investment is not Prohibited just restricted subject to approval. 
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Messages In This Thread
Why our owners can't invest - by fuzzbox - 06-25-2019, 04:06 PM
RE: Why our owners can't invest - by Remi_Moses - 06-25-2019, 05:46 PM
RE: Why our owners can't invest - by Duffers - 06-25-2019, 07:02 PM
RE: Why our owners can't invest - by Squid - 06-25-2019, 05:48 PM
RE: Why our owners can't invest - by SausEggBaton - 06-25-2019, 06:47 PM
RE: Why our owners can't invest - by Tom Joad - 06-25-2019, 07:31 PM
RE: Why our owners can't invest - by baggiebloke - 06-25-2019, 07:59 PM
RE: Why our owners can't invest - by baggiebloke - 06-25-2019, 07:09 PM
RE: Why our owners can't invest - by Remi_Moses - 06-25-2019, 09:05 PM
RE: Why our owners can't invest - by Pragmatist - 06-26-2019, 06:09 AM
RE: Why our owners can't invest - by Squid - 06-25-2019, 11:11 PM

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