We NEED to win the lottery

K.S.H · 05-10-2009, 17:33

Not sure if this is allowed on Accy web so CLICK HERE

Stanleymad · 05-10-2009, 17:37

I did suggest we use the money raised and shove it on the lottery and hope a million pops up pmsl

i am joking tho

maccawozzagod · 05-10-2009, 17:46

I am pretty sure we could vote to use OsC money for any purpose we see fit!!!!!!!!

Doug · 05-10-2009, 17:52

It was done in the glory days….not sure if you would need a licence and a bond; you could also get screwed for money laundering if the financial records aren’t **** hot……

I’m in if you can do it without risk to yourself or the club.

simon · 05-10-2009, 17:56

If you won ??

Would you give over £300,000 without conditions ??

Doug · 05-10-2009, 18:15

Quote:

Originally Posted by simon

If you won ??

Would you give over £300,000 without conditions ??

No.............there would be no conditions at all, because I wouldn't be giving £300,000

K.S.H · 05-10-2009, 19:24

Quote:

Originally Posted by Doug

It was done in the glory days….not sure if you would need a licence and a bond; you could also get screwed for money laundering if the financial records aren’t **** hot……

I’m in if you can do it without risk to yourself or the club.

Should be no risk, I run a lottery syndicate at work for 30 members, you need an agreement/contract which is downloadable from the lottery site, its just to stop you paying tax, ie the ticket holder gets it tax free, when he pays the other members out its classed as a gift if there is no agreement/contract and they pay tax on it.
How this works with the donation to the club I don't know, was mentioned a while back and it was being looked into, haven't heard anything since.
Back to the contract.
When I have a list of everyone who's willing to do this I will fill the contract form out and send it to everyone so we are all covered.

Quote:

Originally Posted by simon

If you won ??

Would you give over £300,000 without conditions ??

NO - I'd pay what shortfall there is of the £308K and divide the rest up between them who are in the syndicate, its up to them if they want to donate more, it won't have cost me £300K it cost me £5

The way its divided is - lets say we do 20 lines, Mr A does 10, Mr B does 6 and Mr C does 4
Divide the amount won by 20, then times Mr A's by 10, Mr B's by 6 and Mr C's by 4.
Easier still if we all put the same in, you all get the same out

Revived Red · 05-10-2009, 19:27

Is it a one-off? Or over a period of a couple of weeks?

K.S.H · 05-10-2009, 19:29

Quote:

Originally Posted by Revived Red

Is it a one-off? Or over a period of a couple of weeks?

We'll start off with one, IF people want to do it the next week and up to the dead line then thats OK with me

Revived Red · 05-10-2009, 19:37

I'd be happy to put in £5 for two Saturdays.

K.S.H · 05-10-2009, 19:46

Just been on Paypal and this is what they charge
Purchase payments received (monthly) Fee per transaction
£0.00 GBP - £1,500.00 GBP 3.4% + £0.20 GBP

https://www.paypal.com/uk/cgi-bin/we...receiving-fees