World Sailing bailout
Printed From: Yachts and Yachting Online
Category: Dinghy classes
Forum Name: Dinghy development
Forum Discription: The latest moves in the dinghy market
URL: http://www.yachtsandyachting.com/forum/forum_posts.asp?TID=13584
Printed Date: 29 Jun 25 at 2:50am
Software Version: Web Wiz Forums 9.665y - http://www.webwizforums.com
Topic: World Sailing bailout
Posted By: AlanH
Subject: World Sailing bailout
Date Posted: 15 Apr 20 at 9:44am
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World Sailing wanting a bailout by UK taxpayer, putting its staff on furlough leave. Good use of taxpayers' money?
https://sailing.org/news/89950.php |
Replies:
Posted By: By The Lee
Date Posted: 15 Apr 20 at 10:45am
| Urm yes... If they became unemployed that would be more of a drain on the ecomony than paying 80% if their wage |
Posted By: 423zero
Date Posted: 15 Apr 20 at 10:46am
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I think so, we need steering groups to survive. ------------- Robert |
Posted By: JimC
Date Posted: 15 Apr 20 at 10:57am
| Just as good or bad a use of taxpayers money as bailing out any other organisation. |
Posted By: turnturtle
Date Posted: 15 Apr 20 at 11:03am
personally I think it's golden opportunity for an algorithmic assessment based on Corporation Tax returns too..... I've heard of several institutional multinational corp tax avoiders using the Job Retention Scheme to furlough staff to offset heavy payrolls in these low income months. Some even still insisting workers 'do their bit' to 'pull together through this' too. Anyway, a digression from World Sailing's case, who I am sure, are beyond reproach for any mismanagement and/or dodgy governance. ;-)
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Posted By: iGRF
Date Posted: 15 Apr 20 at 12:48pm
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As long as it's repayable and they have paid tax here in the UK in the first place, I guess it ranks alongside all those billionaire football clubs furloughing their ground and lower order coaching staff..
Although it is a 'World' body and one could question why just the UK should pick up the tab. Anyone any idea how Fifa is working the system? ------------- https://www.corekite.co.uk/snow-accessories-11-c.asp" rel="nofollow - Snow Equipment Deals https://www.corekite.co.uk" rel="nofollow - New Core Kite website |
Posted By: turnturtle
Date Posted: 15 Apr 20 at 1:19pm
| World sailing is still a UK registered company AIUI |
Posted By: 423zero
Date Posted: 15 Apr 20 at 1:47pm
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Furlough about protecting staff I believe, was easier to set up than self employed payments, they are being paid via inland revenue system, much much better for country than unemployment, people still have money to spend. ------------- Robert |
Posted By: Pointing High
Date Posted: 16 Apr 20 at 4:16pm
| I guess they may not have much choice, with the Olympics getting put back unitl next year, as a high percentage of their overall income comes from awarding tv rights for the olympics every four years. |
Posted By: CT249
Date Posted: 17 Apr 20 at 12:46am
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Surely the UK government has done pretty well from World Sailing over the decades? Money coming from people all over the world (in one way or the other, from sailor's dues through to Olympic profits) has been going into the UK. The World Sailing employees must have been paying income tax, VAT and other taxes and generally contributing to the UK's economy. Why is this supposed to be a one way street? What is the alternative? Is the UK expected to gain the benefit of money flowing from the rest of the world for decades, and then to expect the rest of the world to cough up when the cash flows the other way for a little while? Switzerland has extremely strong lockdown measures in place. It also houses the HQs for about half the Olympic and major sports including swimming, cycling, gymnastics, golf, football, rowing and basketball amongst others. Why on earth should the UK benefit from the Swiss taxpayer's support for the HQs of those sports, and then not expect to kick in a vastly smaller sum for supporting the HQ of sailing? |
Posted By: iGRF
Date Posted: 17 Apr 20 at 11:35am
It's not the place for people with a convict heritage to question what goes on in the UK.. sorry leave your name in the wastebasket by the door on the way out...  ------------- https://www.corekite.co.uk/snow-accessories-11-c.asp" rel="nofollow - Snow Equipment Deals https://www.corekite.co.uk" rel="nofollow - New Core Kite website |
Posted By: 423zero
Date Posted: 17 Apr 20 at 11:54am
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I don't think there is another country in the world doing as much for its people than UK? Not seen anyone complaining about World sailing bailout either?
However I am not very knowledge about much, someone should be along soon that knows  ------------- Robert |
Posted By: zeon
Date Posted: 17 Apr 20 at 4:05pm
| You really don’t know much about the safety net in France Germany Spain or the Low Countries etc do you ? Think you will find out ours is pretty poor in comparison. |
Posted By: 423zero
Date Posted: 17 Apr 20 at 4:22pm
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The one line poet strikes again 2 lines this time, but roughly same time for each line
------------- Robert |
Posted By: zeon
Date Posted: 17 Apr 20 at 4:53pm
| Two lines this time again. Lol Try fact checking with sources other than the Telegraph/Daily Mail before posting totally incorrect information. 😀😀😀 |
Posted By: 423zero
Date Posted: 17 Apr 20 at 5:36pm
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Been trying to Google what other countries were doing for their people, you just get covid statistics. ------------- Robert |
Posted By: Rupert
Date Posted: 17 Apr 20 at 8:59pm
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Surely world sailing are a company like any other? The money is for employees just like I should be getting from my employer via the government.
Other countries have similar schemes, some of whom are doing more. Wish ours could help people both employed and self employed. ------------- Firefly 2324, Puffin 229, Minisail 3446 Mirror 70686 |
Posted By: zeon
Date Posted: 18 Apr 20 at 1:36pm
This government could do more for the employed and especially for the self employed. It decided not to 
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Posted By: turnturtle
Date Posted: 18 Apr 20 at 3:04pm
| The Job Retention Scheme portal goes live imminently - in the interim it's been the employer's cash flow proping up the position. Personally I think it's a good scheme, and they've rolled it out as efficiently as we can realistically expect - couple this with personal and corp tax deferments, it's probably as good as we can expect without breaching EU state aid rules. |
Posted By: zeon
Date Posted: 18 Apr 20 at 3:16pm
| EU State aid rules have been relaxed for the duration of this emergency. |
Posted By: 423zero
Date Posted: 18 Apr 20 at 4:13pm
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https://www.sportbusiness.com/news/olympic-revenue-reliant-world-sailing-furloughs-staff-and-makes-pay-cuts/" rel="nofollow - https://www.sportbusiness.com/news/olympic-revenue-reliant-world-sailing-furloughs-staff-and-makes-pay-cuts/
More detail. ------------- Robert |
Posted By: turnturtle
Date Posted: 18 Apr 20 at 4:28pm
The EU may say they've been relaxed, but it was abundantly clear they couldn't be enforced anyway.... that said, there is always a line with these things. The UK's JRS appears far better than the Spanish response - nearly a million jobs lost here since the outbreak. It kind of makes a mockery of the whole political spectrum - Sanchez the Socialist, showing less solidarity for the workers than Bullsh*t Boris and his harem of doom.
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Posted By: zeon
Date Posted: 18 Apr 20 at 5:39pm
| Bullsh@t Boris and harem of doom lol . Love that and I am having it to use too. Cheers James 😀 |
Posted By: ian.r.mcdonald
Date Posted: 18 Apr 20 at 5:46pm
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I think the Premier footballers should be the example to follow.
Voluntary pay drop Losing £15k a week and struggling by on just £85k per week must be tough |
Posted By: CT249
Date Posted: 19 Apr 20 at 12:49am
Oh god you are as boring as you are nasty. That remark was neither funny or cutting the first time you made it years ago, and it has not become any better with the many repetitions. But OK, I'll leave Y & Y because I am getting sick of the enormous arrogance you show at almost every opportunity.
 |
Posted By: 423zero
Date Posted: 19 Apr 20 at 1:58am
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Ct249,
Ignore negative posts, your contribution is as valuable as anyone else's. ------------- Robert |
Posted By: Paramedic
Date Posted: 19 Apr 20 at 7:02am
the £30k p/w tax will be coming in useful though :)
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Posted By: zeon
Date Posted: 19 Apr 20 at 7:11am
| CT249 listen to 423zero. Just ignore grf , he’s just a little poison dwarf/troll. I for one always value your input . It’s great to hear a view from the other side of the world . |
Posted By: Sam.Spoons
Date Posted: 19 Apr 20 at 9:35am
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+1 just ignore him. ------------- Spice 346 "Flat Broke" Blaze 671 "supersonic soap dish" |
Posted By: iGRF
Date Posted: 19 Apr 20 at 10:01am
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Let him flounce,, anyone who can't spot a winky icon and takes himself that seriously has no place on an internet chat forum anyway, never met such a humourless con. (well virtually met, can't say I've even bothered to find out who he was) ------------- https://www.corekite.co.uk/snow-accessories-11-c.asp" rel="nofollow - Snow Equipment Deals https://www.corekite.co.uk" rel="nofollow - New Core Kite website |
Posted By: Rupert
Date Posted: 19 Apr 20 at 11:19am
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Does a winky icon excuse rudeness? ------------- Firefly 2324, Puffin 229, Minisail 3446 Mirror 70686 |
Posted By: iGRF
Date Posted: 19 Apr 20 at 1:38pm
Well it indicates that the comment is not meant to be taken seriously last time I looked, unlike others who like nothing more than even ruder comments without the benefit of such an icon, but then I'm thick skinned enough not to let it bother me. And honestly who takes the 'leave your name and address in the wastebasket by the door insult seriously?' Only a complete t**t. ------------- https://www.corekite.co.uk/snow-accessories-11-c.asp" rel="nofollow - Snow Equipment Deals https://www.corekite.co.uk" rel="nofollow - New Core Kite website |
Posted By: 423zero
Date Posted: 19 Apr 20 at 2:34pm
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The 'waste basket thing' reminds of when my company decided to try a 'suggestion box', it was about the size of a large kitchen type waste basket, by lunch time it was overflowing onto the floor, almost every suggestion was various things they could do with managing director ------------- Robert |
Posted By: zeon
Date Posted: 19 Apr 20 at 3:32pm
What ever happens it’s never your fault is it GRF . You really are a complete t**t
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Posted By: ttc546
Date Posted: 19 Apr 20 at 8:36pm
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iGRF Sometimes you need to take it on the chin and move on..... Please... Apologise (and mean it). Move on. Listen, Learn and maybe Tone It Down??? Sorry, but someone needs to say it. Your posts recently have bcome incredibly polarising. You are better than that surely?
------------- |
Posted By: Sussex Lad
Date Posted: 20 Apr 20 at 7:23am
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......again? The old "it's only banter" game or a variant thereof. Verbally abusing someone with an offensive comment and then abusing them again by accusing them of not having a sense of humour. It's an old, old game and the intent is obvious. |