| New Cardiff debt revealed on 19:12 - Mar 23 with 1475 views | 73__73 |
That’s 3 week old news Keith |  |
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| New Cardiff debt revealed on 19:51 - Mar 23 with 1436 views | GixerJack |
| New Cardiff debt revealed on 19:12 - Mar 23 by 73__73 |
That’s 3 week old news Keith |
Remember back in the day, we used to go on holidays and we could only get yesterdays papers? |  | | |
| New Cardiff debt revealed on 19:57 - Mar 23 with 1413 views | ReslovenSwan1 |
The Chairman is lending the club £16m at 9% interest. This is the same value as the Dell loan to the Burnley buyers last year.
The Convertible loan note is reported as 5% so better value from the US lenders than the UK ones at Cardiff. Dalman is a Turkish Cypriot. It is actually less than UK inflation so they are technically down on the deal as UK inflation has risen sharply to over 6% today. |  |
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| New Cardiff debt revealed on 20:40 - Mar 23 with 1362 views | Kilkennyjack |
The accounts show the debt at Wales' capital city club stood at £109.5million for the year ending May 31, 2021.
Tan was dipping into his own pocket to the tune of almost £3m a month to help pay the wages.
In old money, this means that Cardiff City are living way beyond their means.
This ends with them being permanently in the Premier League, or they go bust.
Shirley this is not a sustainable situation. |  |
| Beware of the Risen People
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| New Cardiff debt revealed on 20:55 - Mar 23 with 1339 views | KeithHaynes |
| New Cardiff debt revealed on 19:12 - Mar 23 by 73__73 |
That’s 3 week old news Keith |
It is but it wasn’t discussed on here before this, and anyway I don’t often read Cardiff stuff 😉 |  |
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| New Cardiff debt revealed on 21:43 - Mar 23 with 1284 views | 73__73 |
| New Cardiff debt revealed on 20:55 - Mar 23 by KeithHaynes |
It is but it wasn’t discussed on here before this, and anyway I don’t often read Cardiff stuff 😉 |
Yes it was discussed on here | |
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| New Cardiff debt revealed on 00:39 - Mar 24 with 1213 views | ReslovenSwan1 |
| New Cardiff debt revealed on 20:40 - Mar 23 by Kilkennyjack |
The accounts show the debt at Wales' capital city club stood at £109.5million for the year ending May 31, 2021.
Tan was dipping into his own pocket to the tune of almost £3m a month to help pay the wages.
In old money, this means that Cardiff City are living way beyond their means.
This ends with them being permanently in the Premier League, or they go bust.
Shirley this is not a sustainable situation. |
You are not taking into account football inflation. Swansea was sold for £100m in 2016. Burnely was sold for £200m in 2021. The SCST did not take this into account either in their bone headed court case deliberations that were pulled and no before time.
I perceived when Abramovich left Chelsea the club would need to repay him the £1.5 billion he had injected into the club. Practically impossible I presumed. Actually it is not the case.
RA bought Chelsea for £150m in 2003 and will sell it for around £2 billion in 2022. This make a total outlay of £1.65 billion leaving a notional profit of £350 million. I never imagined he would get his money back and he will not of curse due to the sanctions. Had there been no war in Ukraine j he might have made much more.
Inflation is something people need to understand. Its evil spectre is creeping back into the global economy and than means poverty and hard times for those that ignore it. | |
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| New Cardiff debt revealed on 10:50 - Mar 24 with 1094 views | Lorax |
| New Cardiff debt revealed on 00:39 - Mar 24 by ReslovenSwan1 |
You are not taking into account football inflation. Swansea was sold for £100m in 2016. Burnely was sold for £200m in 2021. The SCST did not take this into account either in their bone headed court case deliberations that were pulled and no before time.
I perceived when Abramovich left Chelsea the club would need to repay him the £1.5 billion he had injected into the club. Practically impossible I presumed. Actually it is not the case.
RA bought Chelsea for £150m in 2003 and will sell it for around £2 billion in 2022. This make a total outlay of £1.65 billion leaving a notional profit of £350 million. I never imagined he would get his money back and he will not of curse due to the sanctions. Had there been no war in Ukraine j he might have made much more.
Inflation is something people need to understand. Its evil spectre is creeping back into the global economy and than means poverty and hard times for those that ignore it. |
Not sure what Burnley have to do with it but they cos more largely because they own their own ground. Do you know how much a football stadium is worth? No the building as much as the land it sits on. It makes a club far more attractive. It was said way back when, that selling the club would be easier if we owned our own ground. | | | |
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| New Cardiff debt revealed on 12:46 - Mar 24 with 1038 views | KeithHaynes |
| New Cardiff debt revealed on 21:43 - Mar 23 by 73__73 |
Yes it was discussed on here |
Wasn’t that the last one ?
Anyway, it’s back. | |
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| New Cardiff debt revealed on 16:49 - Mar 24 with 922 views | pencoedjack |
Has the Sala case been concluded yet? |  | | |
| New Cardiff debt revealed on 12:59 - Mar 25 with 774 views | ReslovenSwan1 |
| New Cardiff debt revealed on 10:50 - Mar 24 by Lorax |
Not sure what Burnley have to do with it but they cos more largely because they own their own ground. Do you know how much a football stadium is worth? No the building as much as the land it sits on. It makes a club far more attractive. It was said way back when, that selling the club would be easier if we owned our own ground. |
Swansea city technically control the Swansea.com stadium for another 20 odd years. Owning the ground is of little value if the lease is restricted to sporting activities only. Did the £200m Burnley valuation allow for a stadium relocation?. These are fine details.
Turf Moor was bought back in 2013 by the recent sellers. I can find no information on the price. Not £100m for sure. [Post edited 25 Mar 2022 13:11]
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| New Cardiff debt revealed on 18:27 - Mar 25 with 688 views | Lorax |
| New Cardiff debt revealed on 12:59 - Mar 25 by ReslovenSwan1 |
Swansea city technically control the Swansea.com stadium for another 20 odd years. Owning the ground is of little value if the lease is restricted to sporting activities only. Did the £200m Burnley valuation allow for a stadium relocation?. These are fine details.
Turf Moor was bought back in 2013 by the recent sellers. I can find no information on the price. Not £100m for sure. [Post edited 25 Mar 2022 13:11]
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A lease is not the same as owning the ground, owning it makes it a saleable asset. That's not a fine detail just a fact.
If you own something, where does a lease come into it? Did you not read that back and realise hat you said?
Turf Moor was bought back for a very good reason, maybe several of them, owning your own stadium is seen as important, in the UK at least. Not many English league teams don't own their own ground. | | | |
| New Cardiff debt revealed on 19:11 - Mar 25 with 664 views | ReslovenSwan1 |
| New Cardiff debt revealed on 18:27 - Mar 25 by Lorax |
A lease is not the same as owning the ground, owning it makes it a saleable asset. That's not a fine detail just a fact.
If you own something, where does a lease come into it? Did you not read that back and realise hat you said?
Turf Moor was bought back for a very good reason, maybe several of them, owning your own stadium is seen as important, in the UK at least. Not many English league teams don't own their own ground. |
You have stated that Burnley owning the stadium has added tens of millions to their share price of £200m but not explained why.
If they can bulldozer it and redevelop it for housing or business use then that might be the case. The lease is critical in that respect. At Swansea the freehold can only be used for sport as I understand it. Burnley bought the ground in 2013 and it did not cost big money.
You have not justified you case he the buying price of Swansea and Burnley cannot be compared. Both Burnley and Swansea can use the stadium for other events (e.g. Elton John) and n both can make improvements to the stadium. Swansea are actual owners for a discrete time period. | |
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