| Cardiff losses and debt on 18:24 - Mar 9 with 1182 views | SullutaCreturned |
| Cardiff losses and debt on 18:10 - Mar 9 by Whiterockin |
If I remember correctly they were paying Tan £5M per year in interest payments. |
They owe 80% of their debt to Tan. He may convert more debt to equity or he may carry on getting his money back via interest but if they carry on their current trajectory it doesn't look good.
That's something our owners also need to understand, at some point when the squad needs strengthening you have to take the gamble or the outcome can be as devastating as spending too much. It's a fine line to tread but you cannot always rely on youth and bargain basement buys. |  | |  |
| Cardiff losses and debt on 18:33 - Mar 9 with 1167 views | Badlands |
| Cardiff losses and debt on 18:24 - Mar 9 by SullutaCreturned |
They owe 80% of their debt to Tan. He may convert more debt to equity or he may carry on getting his money back via interest but if they carry on their current trajectory it doesn't look good.
That's something our owners also need to understand, at some point when the squad needs strengthening you have to take the gamble or the outcome can be as devastating as spending too much. It's a fine line to tread but you cannot always rely on youth and bargain basement buys. |
If they look to Cardiff they will see 'the gamble' really doesn’t work and could lead mindboggling debt. |  |
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| Cardiff losses and debt on 20:04 - Mar 9 with 1098 views | bennytheblue |
| Cardiff losses and debt on 18:08 - Mar 9 by SullutaCreturned |
Even taking covid out of it they are apparently still losing One Million per month. That is huge, specially consdering their league position. If FFP gets them they are in big trouble.
Makes our owners financial dealings look much wiser, except we know they maybe made a mistake in not strengthening in January. |
Can’t imagine our wage bill is now bigger than yours, in fact I’m sure I read you are a few places above us in the wages league table….I guess you better hope you can sell a player for 5-10 million every year. Still, it just goes to show how useless Tan is that he can lose a million a month to achieve 18th Place or whatever it was |  | | |
| Cardiff losses and debt on 20:50 - Mar 9 with 1077 views | Boundy |
| Cardiff losses and debt on 20:04 - Mar 9 by bennytheblue |
Can’t imagine our wage bill is now bigger than yours, in fact I’m sure I read you are a few places above us in the wages league table….I guess you better hope you can sell a player for 5-10 million every year. Still, it just goes to show how useless Tan is that he can lose a million a month to achieve 18th Place or whatever it was |
Hows that going for you , selling players for a few million? If we need to hope than you'd better start praying
Tan won't be with you forever neither will our lot but currently I'd rtaher be in the position we're in than be any where near the financial mess you find yourselves . | |
| "In a free society, the State is the servant of the people—not the master." |
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| Cardiff losses and debt on 20:52 - Mar 9 with 1074 views | Boundy |
| Cardiff losses and debt on 10:55 - Mar 9 by Dr_Winston |
There's a difference between being happy to receive what they did, and accepting what was on offer at the risk of receiving nothing at all. |
Being happy is relative to the situation you find yourself in . | |
| "In a free society, the State is the servant of the people—not the master." |
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| Cardiff losses and debt on 21:33 - Mar 9 with 1048 views | ReslovenSwan1 |
| Cardiff losses and debt on 20:04 - Mar 9 by bennytheblue |
Can’t imagine our wage bill is now bigger than yours, in fact I’m sure I read you are a few places above us in the wages league table….I guess you better hope you can sell a player for 5-10 million every year. Still, it just goes to show how useless Tan is that he can lose a million a month to achieve 18th Place or whatever it was |
Cardiff rarely sell big for a profit. They got their money back in a few cases but rarely any profit. Swansea have cashed in big on many occasions. Allen, Sinclair Graham, Sigurdson Llorente, Ayew, Bony, Mawson, McBurnie, James, Rodon and recently Downes. £200m plus. |  |
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| (No subject) (n/t) on 07:22 - Mar 10 with 979 views | bennytheblue |
| Cardiff losses and debt on 21:33 - Mar 9 by ReslovenSwan1 |
Cardiff rarely sell big for a profit. They got their money back in a few cases but rarely any profit. Swansea have cashed in big on many occasions. Allen, Sinclair Graham, Sigurdson Llorente, Ayew, Bony, Mawson, McBurnie, James, Rodon and recently Downes. £200m plus. |
But most of those sales were in your PL days and made the king a very wealthy man.
Can you still do it now? Wages £20-25 million? ST, merchandise, tv money bring in about £20 million so I well run club that sells the odd player will be ok. We haven’t been well run which is why useless loses another £12 million. [Post edited 10 Mar 2023 7:26]
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| Cardiff losses and debt on 10:59 - Mar 10 with 908 views | whiterock |
Stoke are another one, kept most of the players from the PL, bought Joe Allen and Sam Clucas + others, they are lucky to have the Coates family bankrolling them, otherwise, they'd be owing £123m or more. | | | |
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| Cardiff losses and debt on 11:04 - Mar 10 with 899 views | Dr_Winston |
| Cardiff losses and debt on 20:52 - Mar 9 by Boundy |
Being happy is relative to the situation you find yourself in . |
If someone owed me £1000 and only paid me back £50 I wouldn't be happy regardless of my situation. |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Cardiff losses and debt on 12:39 - Mar 10 with 849 views | bennytheblue |
| Cardiff losses and debt on 10:59 - Mar 10 by whiterock |
Stoke are another one, kept most of the players from the PL, bought Joe Allen and Sam Clucas + others, they are lucky to have the Coates family bankrolling them, otherwise, they'd be owing £123m or more. |
Sounds familiar….did you know Brighton, despite selling a few for big money are still £350 million in the red, albeit to their owner. Farcical | | | |
| Cardiff losses and debt on 12:44 - Mar 10 with 827 views | Whiterockin |
| Cardiff losses and debt on 12:39 - Mar 10 by bennytheblue |
Sounds familiar….did you know Brighton, despite selling a few for big money are still £350 million in the red, albeit to their owner. Farcical |
Manchester United are over £500M in debt, all debt is relevant to if you can service it. You can't. |  | | |
| Cardiff losses and debt on 13:03 - Mar 10 with 808 views | ReslovenSwan1 |
| Cardiff losses and debt on 12:44 - Mar 10 by Whiterockin |
Manchester United are over £500M in debt, all debt is relevant to if you can service it. You can't. |
The debt is to the owner. If Cardiff city cannot pay interest to the owner then it is the owners problem. He is not going to sue his own club to get the club to pay the interest to himself.
Mr Tan is still fabulously rich and the economy is picking up after the Cvovd crisis and the China lock down. Tan is slowly getting back some of his significant losses I would imagine. The stadium is worth £77m and holds a lot of corporate events. Tan is investing in new training facilities cutting the cost of using the Hensol facility. | |
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| Cardiff losses and debt on 13:18 - Mar 10 with 789 views | Whiterockin |
| Cardiff losses and debt on 13:03 - Mar 10 by ReslovenSwan1 |
The debt is to the owner. If Cardiff city cannot pay interest to the owner then it is the owners problem. He is not going to sue his own club to get the club to pay the interest to himself.
Mr Tan is still fabulously rich and the economy is picking up after the Cvovd crisis and the China lock down. Tan is slowly getting back some of his significant losses I would imagine. The stadium is worth £77m and holds a lot of corporate events. Tan is investing in new training facilities cutting the cost of using the Hensol facility. |
Not all the debt is owed to Tan. £73m are due to Tan with interest at 7% and £25.8m is due to Tormen Finance (Dalman) at 9% interest. Tan is not getting interest on his full debt as some of it can be converted to shares. But it still totals over £5M a year being paid in interest.
EDIT
There are other smaller debts like the covid loan, but not in the same scale as the main two. [Post edited 10 Mar 2023 13:30]
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| Cardiff losses and debt on 13:26 - Mar 10 with 762 views | ReslovenSwan1 |
| Cardiff losses and debt on 13:18 - Mar 10 by Whiterockin |
Not all the debt is owed to Tan. £73m are due to Tan with interest at 7% and £25.8m is due to Tormen Finance (Dalman) at 9% interest. Tan is not getting interest on his full debt as some of it can be converted to shares. But it still totals over £5M a year being paid in interest.
EDIT
There are other smaller debts like the covid loan, but not in the same scale as the main two. [Post edited 10 Mar 2023 13:30]
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9% seems to be the going rate. Mr Dell the computer magnet who lent money to the Burnley new owners in their leveraged buy out also were being paid 9% interest on £40m .
It is what rich men want to cover inflation. Perhaps that is what nurses and bus drivers should expect as well in a democracy of the willing. The convertible loan note was 5% but the Chief said it was increased. The SCST should have £500k in there. No one has explained to me why they are not involved. | |
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| Cardiff losses and debt on 13:32 - Mar 10 with 755 views | Whiterockin |
| Cardiff losses and debt on 13:26 - Mar 10 by ReslovenSwan1 |
9% seems to be the going rate. Mr Dell the computer magnet who lent money to the Burnley new owners in their leveraged buy out also were being paid 9% interest on £40m .
It is what rich men want to cover inflation. Perhaps that is what nurses and bus drivers should expect as well in a democracy of the willing. The convertible loan note was 5% but the Chief said it was increased. The SCST should have £500k in there. No one has explained to me why they are not involved. |
Those rates have been in place since inflation was below 2% and stop bringing the trust into everything. | | | |
| Cardiff losses and debt on 15:03 - Mar 10 with 705 views | SullutaCreturned |
| Cardiff losses and debt on 13:32 - Mar 10 by Whiterockin |
Those rates have been in place since inflation was below 2% and stop bringing the trust into everything. |
It doesn't matter what the thread is about, it could be about the size of avocados in Aldi today, he always brings the trust into it.
Tha avocados, hmmm, they are 5% bigger, the same 5% the trust could have got blah, blah, blah.
CCFC , it seems to me, are being milked by their chairman. tan is just trying to get his money back while still trying to keep the fanbase onside. | | | |
| Cardiff losses and debt on 16:28 - Mar 10 with 667 views | bennytheblue |
| Cardiff losses and debt on 12:44 - Mar 10 by Whiterockin |
Manchester United are over £500M in debt, all debt is relevant to if you can service it. You can't. |
Well, he has been for 11 years……so I guess he can eh? Also I wouldn’t say Brighton can despite how well they are currently doing….relegation in the next few years would be a major issue. | | | |
| Cardiff losses and debt on 16:31 - Mar 10 with 666 views | bennytheblue |
| Cardiff losses and debt on 15:03 - Mar 10 by SullutaCreturned |
It doesn't matter what the thread is about, it could be about the size of avocados in Aldi today, he always brings the trust into it.
Tha avocados, hmmm, they are 5% bigger, the same 5% the trust could have got blah, blah, blah.
CCFC , it seems to me, are being milked by their chairman. tan is just trying to get his money back while still trying to keep the fanbase onside. |
Onside lol….he’s on to a right winner there ffs…. | | | |
| Cardiff losses and debt on 17:06 - Mar 10 with 643 views | SullutaCreturned |
| Cardiff losses and debt on 20:04 - Mar 9 by bennytheblue |
Can’t imagine our wage bill is now bigger than yours, in fact I’m sure I read you are a few places above us in the wages league table….I guess you better hope you can sell a player for 5-10 million every year. Still, it just goes to show how useless Tan is that he can lose a million a month to achieve 18th Place or whatever it was |
You need to re-imagine then,
https://www.1sports1.com/champ
You are 7th at 13.7 million while we are 13th at 11 million. | | | |
| Cardiff losses and debt on 19:43 - Mar 10 with 603 views | felixstowe_jack |
| Cardiff losses and debt on 13:03 - Mar 10 by ReslovenSwan1 |
The debt is to the owner. If Cardiff city cannot pay interest to the owner then it is the owners problem. He is not going to sue his own club to get the club to pay the interest to himself.
Mr Tan is still fabulously rich and the economy is picking up after the Cvovd crisis and the China lock down. Tan is slowly getting back some of his significant losses I would imagine. The stadium is worth £77m and holds a lot of corporate events. Tan is investing in new training facilities cutting the cost of using the Hensol facility. |
The stadium is only worth £77 million if someone is willing to pay that much for it. It may have cost that much to build it but does not mean it is still worth that much. It is purely a book keeping figure which is used to calculate depreciation each year to write off against tax.
The land it is built on is worth considerable less . | |
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| Cardiff losses and debt on 19:46 - Mar 10 with 601 views | felixstowe_jack |
| Cardiff losses and debt on 13:26 - Mar 10 by ReslovenSwan1 |
9% seems to be the going rate. Mr Dell the computer magnet who lent money to the Burnley new owners in their leveraged buy out also were being paid 9% interest on £40m .
It is what rich men want to cover inflation. Perhaps that is what nurses and bus drivers should expect as well in a democracy of the willing. The convertible loan note was 5% but the Chief said it was increased. The SCST should have £500k in there. No one has explained to me why they are not involved. |
Probably not involved because the thread is about ccfc. | |
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| Cardiff losses and debt on 19:50 - Mar 10 with 594 views | bennytheblue |
Well, they’ve got one example joe Ralls and it’s wrong so I have my doubts about that site. He’s on about £15k a week. | | | |
| Cardiff losses and debt on 19:53 - Mar 10 with 586 views | KeithHaynes |
| Cardiff losses and debt on 19:50 - Mar 10 by bennytheblue |
Well, they’ve got one example joe Ralls and it’s wrong so I have my doubts about that site. He’s on about £15k a week. |
I can’t divulge sources, but we are happy.
23k ?
I’m leaning towards 19. |  |
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| (No subject) (n/t) on 20:32 - Mar 10 with 562 views | bennytheblue |
| (No subject) (n/t) on 19:56 - Mar 10 by Chippy69 |
Your way out of your depth with armatures running your hovel
We have armatures who just want out
The best thing for you lot is to swim away to league 2 asap.
You're club really are a festering boil on the arse of football
Bye Bye  |
Lol swim away…ok….I’ll swim to amartures, is there a nice beach there? | | | |
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