Ashcroft Shuffles Pack: Loss Making PoliticsHome Sold for £0.00
++ Merges With Loss Making Political Publisher Dods’ ePolitix ++

Dods plc, publishers of ePolitix.com and the House Magazine, announced this morning that it had acquired the business and assets of PoliticsHome.com, the political news aggregation website now run by Paul Waugh. The sellers were Political Investments Limited and Politics Home Limited, companies which Ashcroft controls. The price paid was zilch.

PoliticsHome has annual revenues of approximately £100,000 a year and lost £500,000 last year.  Rolled up losses on the balance sheet amount to some £700,000. Waugh’s former home, The Evening Standard, reports that the deal could be worth £2 million. In theory true, but in reality that is if, and only if, certain optimistic synergistic revenue goals are met. It should be remembered that loss making Dods plc is itself also 23% owned by Ashcroft. This is basically an all-paper transaction with Ashcroft shuffling loss making assets around. No money is actually changing hands…

ConservativeHome is not in this deal, its losses are subsidised directly by Ashcroft through Political Investments Limited.  Over on the left-hand side of the blogosphere the unions now fund LabourList, LeftFootForward and PoliticalScrapbook directly, which is why they read like press releases from the TUC. Keen analysts of the online political sphere will note that there is now only one politics-only website pure play that makes money as a commercial proposition. Profits which make us proudly independent…

UPDATE: A bean-counting co-conspirator points out that from a “tax management” point of view it is pretty savvy. The rolled up losses of the acquisition can be offset to reduce the tax on overall business. Now you know why he is billionaire…



Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Tim Farron is asked by GQ how he will be remembered:

“I won’t be. So there’s no point in worrying about how you’d like to be remembered at all.”

Top Posts This Week

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

EU CABINET GUIDE: WHITTO MOVES UP, GOVE TORN EU CABINET GUIDE: WHITTO MOVES UP, GOVE TORN
PROTESTER CHUCKS DILDO AT MINISTER PROTESTER CHUCKS DILDO AT MINISTER
LEAVE 9 POINTS AHEAD SINCE DAVE’S DEAL LEAVE 9 POINTS AHEAD SINCE DAVE’S DEAL
VENEZUELA FORCED TO FLY IN PLANELOADS OF CASH VENEZUELA FORCED TO FLY IN PLANELOADS OF CASH
SILLY SAUSAGE: TORY MP’S COMMONS DOUBLE ENTENDRE SILLY SAUSAGE: TORY MP’S COMMONS DOUBLE ENTENDRE
SRAELI EX-AMBASSADOR ‘LATE NIGHT VISITS’ SCANDAL BREWING SRAELI EX-AMBASSADOR ‘LATE NIGHT VISITS’ SCANDAL BREWING
UKIP WARNS OF RISK OF TURKEY JOINING EU UKIP WARNS OF RISK OF TURKEY JOINING EU
HIGHEST-EARNING MP DIDN’T NOTICE £400,000 INCOME HIGHEST-EARNING MP DIDN’T NOTICE £400,000 INCOME
BORIS’ NEW BALDNESS-BATTLING BARNET BORIS’ NEW BALDNESS-BATTLING BARNET
GUIDO’S FASHION TIPS: GET THE GRASSROOTS OUT UNIFORM GUIDO’S FASHION TIPS: GET THE GRASSROOTS OUT UNIFORM
BORIS AND FARAGE PAN DAVE’S RED CARD BORIS AND FARAGE PAN DAVE’S RED CARD
WHEN CAMERON AND OSBORNE LAUGHED AT A ‘RED CARD’ WHEN CAMERON AND OSBORNE LAUGHED AT A ‘RED CARD’
SADIQ DUCKS CITY AIRPORT ROW SADIQ DUCKS CITY AIRPORT ROW
DIRE POST-DEAL PAPERS FOR PM DIRE POST-DEAL PAPERS FOR PM
FABBERS’ VOMIT-INDUCING EUROPHILES REVEALED FABBERS’ VOMIT-INDUCING EUROPHILES REVEALED
UNION BARON: “ALL THE TORIES ARE AN ABSOLUTE DISGRACE, THEY SHOULD BE TAKEN OUT AND SHOT” UNION BARON: “ALL THE TORIES ARE AN ABSOLUTE DISGRACE, THEY SHOULD BE TAKEN OUT AND SHOT”
STELLA THE ‘HASH SMOKING MOROCCAN TOURIST’ STELLA THE ‘HASH SMOKING MOROCCAN TOURIST’
CORBYN BROTHER’S BIZARRE RESPONSE TO DEATH OF MAN AND 4 YEAR OLD SON: “LOL” CORBYN BROTHER’S BIZARRE RESPONSE TO DEATH OF MAN AND 4 YEAR OLD SON: “LOL”
BORIS: DAVE’S DEAL NOT GOOD ENOUGH BORIS: DAVE’S DEAL NOT GOOD ENOUGH
9 SPECIFIC DEMANDS DAVE WANTED FROM BRUSSELS 9 SPECIFIC DEMANDS DAVE WANTED FROM BRUSSELS
CRUZ TRUMPS THE DONALD IN IOWA CRUZ TRUMPS THE DONALD IN IOWA
Crowdfunding “Brexit the Movie” Crowdfunding “Brexit the Movie”
CORBYN SURGES AHEAD OF FOOT CORBYN SURGES AHEAD OF FOOT
HOW FRIENDS OF THE EARTH DODGE CHARITY REGULATIONS HOW FRIENDS OF THE EARTH DODGE CHARITY REGULATIONS
CORBYN AIDE: I THINK WE SHOULD SHOOT WOODCOCK CORBYN AIDE: I THINK WE SHOULD SHOOT WOODCOCK
TEQUILA SCAMMERS: LANSMAN’S LATE NIGHT SECRET ELECTION TEQUILA SCAMMERS: LANSMAN’S LATE NIGHT SECRET ELECTION
Comments & Readership Comments & Readership
MCDONNELL’S PARTIALLY PUBLISHED TAX RETURN MCDONNELL’S PARTIALLY PUBLISHED TAX RETURN
COCKNEY DONALD TRUMP COCKNEY DONALD TRUMP