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Matt Chapman Big News
Matt Chapman Big News
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Replies: 155
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I'm sure he's not living in a cardboard box. He wears new gear every day.
I didn't say sack him. Although I would, but more because he's an incredibly irritating egotist. |
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Enzo will be in a sweat. Chapman will be after more shifts now.
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I think you’re all right.
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JOHN BARNES on THE OVERLAP pod this week, spent the last yrs 10 yrs paying back over 2 million in owed tax due to investments going belly up,then missed last yrs payment and HMRC made him go bank rupt anyway which he could have done 10 yrs ago and saved 2 M, but said he couldnt have faced people if he hadnt attempted to pay it back
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I think Chapman should have fronted it up and made a statement of what business he was in and why he is in the situation he is in.
This would end any speculation of what may or may not have happened if it may be do with with a property company a car hire firm who knows? If he is to remain on t.v.discussing horses jockeys horse or indeed anything to do with racing the viewers should be informed of the facts of the matter and obviously if it transpires it was not really his fault he would enjoy public and the horse racing fraternity's sympathy but if it is some scam involving horse racing in any way he should be looking for another job. Take the example of bookie Gary Wiltshire after he lost around £1.4 million on 28th Sept 1996 when Dettori rode 7 winners. Gary had meetings with the high street bookmakers he owed money to and came to an agreement to pay back every penny his house went his cars went but he paid back every penny and obviously he can hold his head high on any racecourse. |
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He would not be allowed to take advantage of the programme in that way. That would certainly open the door to disciplinary action, were wet/woke/wimpy Chamberlin and his idol Brough Scott so inclined. Surely, if he has broken any law the law will catch up with him?
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love of money is the root of all evil
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Chapman is a reincarnation of McFatso whilst being far brighter.
Self promotion is essential and he soon realised that. That he owed the Books plenty is a fact in the past. I have no idea about the current matter but wouldn't trust him full stop |
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surely he must have explained his position to his television bosses so why many who may follow the tv channel are kept in the dark.
if it's nothing to do with horse racing fine we move on . If it is however something untoward to do with our sport we love and enjoy why should someone with the privileges and contacts he must have be not to be able to just carry on as if is ok for them in some position above the rest of us just crack do what they want on carry on and f*** the rest of us. The bottom line is the taxpayers i.e you and me pick up the tab |
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I agree with all of your sentiment but using the show as a vehicle to tell ( or explain ) his story.is not in his prerogative. He could though find a way to do so were he so inclined through some element of the Press.
I remember many years ago Jan Leeming the BBC Newsreader keeping ten or fifteen seconds of her NEWS readout to thank the public for all their kindnesses after she had been mugged. With no permission or right to do so they whipped her off the screen pronto never to read the News again. If he loses his job through some indisciplinary issue like that nobody gains anything. Do they? |
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Are you just thick as in the BF Court Kenneth or have you actually read the facts as known?
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I know you are going to howl Honcho but maybe you should have taken time to read the known facts before getting into bed with Kenneth?
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Where Chapman has a problem and what can make things awkward for him going forward is the fact that his whole schtick centres around being bombastic, loud, opinionated, noisy, he might find that he's Dancing on Ice continuing with that act.
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So you are joining the Court of BF opinion duffy? Never mind any facts etc? But you all seem to know that he and his persona on TV have anything to do with the business that he is paying via an IVA for its debts?
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Cag
His well respected lawyers have stated this is nothing to do with any wrong doing and nothing to do with horse racing or gambling. So can you please enlighten us all as to the exact reason Matt is in the predicament he is then. regards |
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No idea why his company is in the situation it is, unlike you spouting your mouth I did read that it was nothing to do with racing or gambling according to his legal reps!!!
So perhaps enlighten us why you were shooting your mouth off about racing and gambling? |
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BTW starring yourself for a dopey post is just..........DOPEY!!
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Cag
And of course once again the taxpayers are the ones losing out.No arguments with that? |
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Are you deflecting from the FACT that he has taken responsibility and is paying via an IVA or would you prefer Bankruptcy?
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Cag I am not deflecting from nothing.
The facts as you and I have probably read state Grey Line 12 was a limited company was established as Matt Chapman racing Ltd in 2017. And as we are all aware Matt Chapman works on horse racing television shows and his lawyers are able to state this is nothing to do with horse racing or gambling who are we to believe? |
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It is not possible to deflect from nothing Kenneth unless you believe a double negative is a positive which it probably is in your world?
This Forum has too many of your ilk that happily pile into deriding individuals whether public figures or just posters on here without any facts or information. Matt Chapman has as much right as anyone to privacy outside his employment, a shame that a lot on here think they have a right to intrude when they know they would be howling if it happened to them? |
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You can review some of the accounts that were submitted, if you are interested kenneth.
One line of note, perhaps..  |
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There was one director ;)
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There was a £50K bb loan in fy2021 it appears. Well, it would be quite a coincidence if it wasn't a bb loan
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Curiously enough, aside from hmrc I can only see less than £50K liability as at April end 2023. And £160K reserves with nothing in the bank.
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Cagliari - total fruitcake.
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cag
Not interested in your double negative nonsense. One of the major drawbacks of being royalty, a politician or a well known sportsman or a t.v.presenter is almost every move they make be it being filmed on a beach whilst on holiday family feuds such as the Beckham's of the Gordon Ramsay family or financial matters will be reported and commented on. Every member of the current itv racing team and those at RUK at some time would receive comments on this and other websites whether its some hat they are wearing or some selection they have made and in the case of Mick Fitz even his accent gets negative comments. He has every right to instruct one of the leading (and costly) law firms to assist him but for them to suggest its all got nothing to do with horse racing but fail to mention any possible other causes will lead to speculation |
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The date of the IVA is 13/6/2025 according to the Insolvency website. The website does not tell you what percentage of the debt is written off. I believe it can be up to 80% so he repays at least 20% of the original debt. This is usually done with monthly repayments over 5 years.
On the AK podcast yesterday Stewart Moore more or less said nothing to see here and he gave the impression that Matt would be repaying his debts, He did not mention that 80% of the debt could be written off |
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For how long will he retain his job with ITV racing?
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Yes why would the sole director of a company loan themselves nearly half a million in a company they are the only shareholder of. Nothing to see here, the mind boggles :)
From the info in the public domain it appears that the business has folded due to a huge bad debt. And that huge bad debt is an accumulating loan to the only director, the director that owns the business. Now why would you loan yourself funds from a business that you own all of the capital/equity of, and all the dividends go to you. The only mention of an interest rate is that 2% one in the Note that I have put on the thread. Re the IVA, very much depends. The majority of creditors need to agree to it, but the detail is down to the OR. Reasonable allowances et al, and windfalls as such could be swallowed up. |
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From early submissions pretty soon after incorporation, it can be seen from the CT liability that profitability of the business was strong. But the DL had already began accumulating.
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if only he'd laid all his tips on 415 tonight could have paid half of it off
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With a profit
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gambling your way out of (gambling) debts is rarely the solution, an IVA is the way.
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an iva is golden for the debtor
you pay a small fraction back and are given a golden ticket when you pay it off not fair on creditors imeo |