Companies House updates this morning confirming the removal of Charlie as a Director of SE7 Partners Limited.
However, two new “directors” have been added in the names of:
Futbol UK LLC 3FS Football LLC.
Both registered in Delaware US, the first one using US law firm Duane Morris as their registered office.
Edit: 3FS registered address is likely to relate to Contemporary Services Corporation (CSC). Similar to using a law firm, they are likely an agent offering admin services and a registered Delaware address.
Can’t see any additional info on either from a quick search, but Delaware is the US state to register in if you want to disclose as little info as possible.
Interesting they use 'futbol', the Spanish spelling, .
These are not new investors - club have advised CAST they are Friedman’s and Brener’s vehicles. We have suggested to the club that it would be helpful for them to clarify publicly.
These are not new investors - club have advised CAST they are Friedman’s and Brener’s vehicles. We have suggested to the club that it would be helpful for them to clarify publicly.
These are not new investors - club have advised CAST they are Friedman’s and Brener’s vehicles. We have suggested to the club that it would be helpful for them to clarify publicly.
These are not new investors - club have advised CAST they are Friedman’s and Brener’s vehicles. We have suggested to the club that it would be helpful for them to clarify publicly.
Would be a good idea, given what nosey and inquisitive gits we are! 🤷🏻♂️😉
It's not that hard, Methven sold his shares, so he's gone from the list on CH.
Friedman and Brener have both set up, for want of a better word, shell companies called Futbol UK LLC (Brener) and 3FS Football LLC (Friedman) to be able to route their investment money through into Charlton, without it affecting other businesses that they own. To reflect this, CH has been updated with both companies as "new" investors
It's not that hard, Methven sold his shares, so he's gone from the list on CH.
Friedman and Brener have both set up, for want of a better word, shell companies called Futbol UK LLC (Brener) and 3FS Football LLC (Friedman) to be able to route their investment money through into Charlton, without it affecting other businesses that they own. To reflect this, CH has been updated with both companies as "new" investors
Not quite, CH registers them as directors, not investors. Given what @WeegieAddickhas said above, it’s likely that’s what they have been set up for, but it isn’t something that CH would confirm.
Delaware based and the Futbol spelling leads me to believe that particular vehicle of investment would be tied to Brener. 3FS, could it be "3 FriedmanS"? Though I seem to recall there were 5 of them in the initial "& Family"
A lot of US companies are set up in Delaware. I assume there's some sort of privacy/tax implications. Like setting up in the Channel Islands/Isle of Man...
Delaware based and the Futbol spelling leads me to believe that particular vehicle of investment would be tied to Brener. 3FS, could it be "3 FriedmanS"? Though I seem to recall there were 5 of them in the initial "& Family"
A lot of US companies are set up in Delaware. I assume there's some sort of privacy/tax implications. Like setting up in the Channel Islands/Isle of Man...
I touched on it in my post yesterday. Every US state has its own laws and reporting requirements. I spent a lot of my career looking after the big US law firms and a number were set up as Delaware LLPs because the rules there afforded them the most privacy in terms of disclosing financials, owners etc.
Edit: I should add that this isn’t seen as an issue. When we developed relationships with these law firms, they were happy (😉) to disclose what we needed in terms of owners, financials. It’s just that they didn’t have to publicly declare them to all and sundry.
Delaware based and the Futbol spelling leads me to believe that particular vehicle of investment would be tied to Brener. 3FS, could it be "3 FriedmanS"? Though I seem to recall there were 5 of them in the initial "& Family"
A lot of US companies are set up in Delaware. I assume there's some sort of privacy/tax implications. Like setting up in the Channel Islands/Isle of Man...
Spot on. While a company or LLC exists there, there is no requirement to disclose beneficial ownership. As far as tax goes, here's a list of benefits:
- For companies operating outside of Delaware, there isn't any state income tax. This can save a lot of money for companies that are incorporated in Delaware, but not conducting business within its borders.
- There isn't an inheritance tax on stock held by non-Delaware residents. This means that if the owner of a Delaware company passes away, inherited stock won't be taxed if the owner lives outside of the Delaware.
- Delaware does not have a state sales tax on intangible personal property (such as royalty payments); and shares of stock owned by non-resident aliens are not subject to Delaware taxes.
So, it is no surprise that a State with only one million residents has two million companies! Approx two thirds of Fortune 500 companies are incorporated in Delaware.
Just watched back the full match and afterwards and both Brener and Friedman celebrating with the players during the trophy lift. I think Rosenfeld is there too but only glimpses.
Icing on the cake would be that they get the valley and training ground off RD but how good is it to not have egotistical owners who leave others to run the club like Carter etc.
Just watched back the full match and afterwards and both Brener and Friedman celebrating with the players during the trophy lift. I think Rosenfeld is there too but only glimpses.
Icing on the cake would be that they get the valley and training ground off RD but how good is it to not have egotistical owners who leave others to run the club like Carter etc.
Couldn’t spot Munir Javeri or Marc Boyan. Also didn’t spot Hiro Ono of ACA, although not sure if he is still involved, he’s not listed on our website but probably just owns less than 5%
Couldn’t spot Munir Javeri or Marc Boyan. Also didn’t spot Hiro Ono of ACA, although not sure if he is still involved, he’s not listed on our website but probably just owns less than 5%
He was in the stands for some reason, saw a twitter video of him celebrating (or someone from ACA) but he wasn't in the Royal box, so not sure if that was because there wasn't room for everyone
Companies House updates this morning confirming the removal of Charlie as a Director of SE7 Partners Limited.
However, two new “directors” have been added in the names of:
Futbol UK LLC 3FS Football LLC.
Both registered in Delaware US, the first one using US law firm Duane Morris as their registered office.
Edit: 3FS registered address is likely to relate to Contemporary Services Corporation (CSC). Similar to using a law firm, they are likely an agent offering admin services and a registered Delaware address.
Can’t see any additional info on either from a quick search, but Delaware is the US state to register in if you want to disclose as little info as possible.
Interesting they use 'futbol', the Spanish spelling, even though it is a USA entity registering as a director of a UK company.
There are a lot of Latin Americans in the USA and many are interested in football, but still.
A lot of North Americans also say “Futbol” to differentiate between Soccer and NFL/College Football
It’s become very common here in Texas to call it “futbol” not “soccer”.
Probably the Hispanic influence to a degree but if I had to guess it’s also a way for the wider soccer community to stop using the word “soccer” and feel like they’re gaining a level of authenticity to their fandom.
Comments
Friedman and Brener have both set up, for want of a better word, shell companies called Futbol UK LLC (Brener) and 3FS Football LLC (Friedman) to be able to route their investment money through into Charlton, without it affecting other businesses that they own. To reflect this, CH has been updated with both companies as "new" investors
In my head it was pronouned Sala-man Chin-oss
- For companies operating outside of Delaware, there isn't any state income tax. This can save a lot of money for companies that are incorporated in Delaware, but not conducting business within its borders.
- There isn't an inheritance tax on stock held by non-Delaware residents. This means that if the owner of a Delaware company passes away, inherited stock won't be taxed if the owner lives outside of the Delaware.
- Delaware does not have a state sales tax on intangible personal property (such as royalty payments); and shares of stock owned by non-resident aliens are not subject to Delaware taxes.
So, it is no surprise that a State with only one million residents has two million companies! Approx two thirds of Fortune 500 companies are incorporated in Delaware.
not sure about that mate but it is safe to assume that these are investment vehicles although no guarantee on values of such investments
Rosenfeld
Brener
Couldn’t spot Munir Javeri or Marc Boyan. Also didn’t spot Hiro Ono of ACA, although not sure if he is still involved, he’s not listed on our website but probably just owns less than 5%