Mini-Blog: Heads Up Versus Boris Becker – Help Me Learn HU Hypers

[The Bean Counter]

I can't see it, these things get called off very quickly when it impacts a persons ability to make money which I assume he does during Wimbledon. The story sounded a bit false to be too but based on the decision it sounds more so as if he's full of shit than the other party. Having to wait till bankruptcy was on you until you when you have a house that could pay it off (or a large bit of it), nah.

Agree. I would think he could also transfer the asset to the creditor too, or at least let them place a legal charge on it. Same goes for his house in Wimbledon. Maybe property law prevents that, or the creditor wouldn't entertain it. Not my area of expertise unfortunately.

I did half think that maybe this story on HSDB this week wasn't so coincidental though:
https://www.highstakesdb.com/7946-bu...er-losses.aspx

[Savy]

Agree. I would think he could also transfer the asset to the creditor too, or at least let them place a legal charge on it. Same goes for his house in Wimbledon. Maybe property law prevents that, or the creditor wouldn't entertain it. Not my area of expertise unfortunately.

I did half think that maybe this story on HSDB this week wasn't so coincidental though:
https://www.highstakesdb.com/7946-bu...er-losses.aspx

This reminds me, mostly because I don't know shit about this stuff and you maybe do a bit, all these Spanish tax fraud cases against people recently, are those people at fault* or is this just companies being like woo pay less tax, well LEGAL maybe not? I in no way blame a sportsman for this type of shit because it's just someone saying to you you can pay a or b and A<b what do you want to do? This may be wrong but you're more in the business and would be able to correct. In terms of multimillion pound contracts I struggle to see how this isn't true.

*I mean your taxes are your own issue but you get what I mean.

edit - I don't buy the story on that article, I imagine a lot of famous people play decent stakes lose a lot of money and then want it cancelling out. Am I wrong in thinking that this wasn't the rule until recently? It's only since things became more taxable you could do this?