Phil Knight: Well, right now I can’t do anything. I have an issue with the Canadian Government, which you’re somewhat familiar with
Phil Knight: Well, I have negotiations with them. What I have made — I have made a resolution with them. They don’t have any — other than I agreed to notify them of 00:04:27, travels I don’t have any other issues with the Canadian Government on any other
Phil Knight: I have the ability to make money just as you do, okay. The problem is any money that I’m making right now is having to be paid to a third party, okay. And I have been doing it. I’ve negated the tax debt that I have. I’ll have it fully completed before — maybe before February 1st, but right now, 90% of what I make goes to pay a tax debt, which I am arguing, okay. The problem is — you can find this quite as easily as anybody else. In Canada, you can argue your tax bill, okay. The problem is you have to pay it first and then you argue, okay. Down here, it’s a whole different bag of wax (ph).
So, I have — we are arguing it, it will go to court, it will be heard, I could win, I could lose, but in the meantime you have to pay. And the problem is, I guess, in the priority of life, they would come first. I mean, I’m not putting you second or last, it’s just there are other people, you are not the only person and I’ve had the same story with them as I’m having with you right now. Now, if you want to go another route, go. It — just all that will do is limit the ability for me to make money, it won’t ignore it.
Phil Knight I don’t have any money, I have assets, but I cannot dispose of them until such time as this debt is paid to the US, to the Canadian Government. It’s just the way it is. I had to sell my condo, because I had to make a lump-sum payment to get a deal with –
Phil Knight: Well, when you trust other people just as you trusted me. And that trust is broken, you know, there is an issue there, okay. I broke the trust and I apologize. I will sort it out with you; I will sort it out with your people. But in the priority of things, I have to deal with the tax issue first, you know, if it weren’t there, then I guess we’d be talking about something else. The way things are going, it may be taken care of earlier, you know, just February 1st is kind of a — it won’t be any longer than that, because that’s the deadline that I have with them, but —
Phil Knight: No, they will allow me into the United States. It was an agreement that have with them that I would notify them of travel. I’m allowed to come into the United States. I just have to notify them. The problem with last week was the way I went about notifying them, okay was incorrect. That was my blunder. So unfortunately, I had to pay $400 to get the lawyer to do it, and it was done and there was absolutely no problems at all. I’m not restricted from coming into the United States, but simply have to notify them of travel, departure and arrival; it is as simple as that.
Phil Knight: I cannot find a way, I’ve used all the resources that I could have, okay, to do where I’ve gotten to today otherwise, I guess I could have claimed bankruptcy and you know, gone that road. I haven’t, I have been dealing with each of the creditors that I have. The Canadian Government was first and foremost.
Phil Knight : To Revenue Canada, you know, I’ll have to see whether I can change the payment provision or you know I’ve gone far enough along with them that I think we’ve got some leeway, but I haven’t; you know we’re just staying on the course, doing what needs to be done and —
Knight’s matter with Revenue Canada is nobody’s business. However, when he fabricates a story to defer or avoid returning $353,000 he directed as a fiduciary it makes it our business and the business of those who may be thinking of doing business with him.