| REDBIRDS DEBT ? 19:22 - Nov 6 with 7073 views | pikeypaul |
The REDBIRDS debt stood at £118 million when the accounts were released last January 10th.
What is your guess it will stand at this year bearing in mind it is up to May 31st 2014
I will take a stab at £138million.
Also FFP may well kick in to them soon with a transfer embargo on the horizon. [Post edited 6 Nov 2014 19:25]
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| REDBIRDS DEBT ? on 19:38 - Nov 6 with 3718 views | STEVE1 |
I read a paragraph by Keith Morgan who is an accountant and on the Cardiff trust board that this years figures are only expected to have a loss of around 5 million I am not sure how accurate this is but it will make them OK for ffp at least for next year. |  | | |
| REDBIRDS DEBT ? on 19:50 - Nov 6 with 3671 views | Dr_Winston |
| REDBIRDS DEBT ? on 19:38 - Nov 6 by STEVE1 |
I read a paragraph by Keith Morgan who is an accountant and on the Cardiff trust board that this years figures are only expected to have a loss of around 5 million I am not sure how accurate this is but it will make them OK for ffp at least for next year. |
Keith Morgan (Since62) has been predicting their return to financial stability and good health for at least ten years. If he's right it'll be the first time. |  |
| 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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| REDBIRDS DEBT ? on 19:56 - Nov 6 with 3632 views | felixstowe_jack |
What with Malkie busting the £25M transfer budget, plus the cost of the new stand £5m rather optimistic. | |
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| REDBIRDS DEBT ? on 19:59 - Nov 6 with 3618 views | longlostjack |
I'm sure they'll be able to find another investor and everything will be fine. |  |
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| REDBIRDS DEBT ? on 20:06 - Nov 6 with 3568 views | tomdickharry |
Don't worry two hoots about them Tan has money tucked away that could meet their debt without ruffling the waters of his financial empire,don't forget that he has survived and flourished in the cess pits of Asian big business for years, a man not to be messed with. | | | |
| REDBIRDS DEBT ? on 20:55 - Nov 6 with 3424 views | monmouth |
| REDBIRDS DEBT ? on 20:06 - Nov 6 by tomdickharry |
Don't worry two hoots about them Tan has money tucked away that could meet their debt without ruffling the waters of his financial empire,don't forget that he has survived and flourished in the cess pits of Asian big business for years, a man not to be messed with. |
?? Odd post. The debt it owed TO him. He's not leaving there without his return and he'll certainly not be writing off his debt without milking every penny from their assets and 'their' stadium.
But you are right, I don't worry two hoots about them. |  |
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| REDBIRDS DEBT ? on 21:01 - Nov 6 with 3388 views | Oldjack |
My guess is they owe Tan well over a hundred million and rising by the day
just smile  |  |
| Prosser the Tosser dwells on Phil's bum hole like a rusty old hemorrhoid ,fact
You Greedy Bastards Get Out Of OUR Club!
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| REDBIRDS DEBT ? on 21:28 - Nov 6 with 3304 views | acejack3065 |
has the debt to equity magic trick happened yet? |  | | |
| REDBIRDS DEBT ? on 21:45 - Nov 6 with 3232 views | Dewi1jack |
| REDBIRDS DEBT ? on 21:28 - Nov 6 by acejack3065 |
has the debt to equity magic trick happened yet? |
Not yet.
Every time it's supposed to happen, Tan the Jack gives an excuse.
Last time was the legal situation with Milky. before that, Scam the man, Before that, it was a bit windy with rain and that's not lucky in Malaysia |  |
| If you wake up breathing, thats a good start to your day and you'll make many thousands of people envious. |
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| REDBIRDS DEBT ? on 21:50 - Nov 6 with 3213 views | NeathJack |
He already owns 90%+ of the club.
Debt to equity is a myth in Cardiff's case. Any such thing would basically be a straight writing off of the debt.
Good luck with that happening...........  |  | | |
| REDBIRDS DEBT ? on 21:54 - Nov 6 with 3203 views | acejack3065 |
| REDBIRDS DEBT ? on 21:50 - Nov 6 by NeathJack |
He already owns 90%+ of the club.
Debt to equity is a myth in Cardiff's case. Any such thing would basically be a straight writing off of the debt.
Good luck with that happening........... |
How much debt would the last 10% of the club be worth? It all seems to be drops in the ocean at the minute.
Its just like it was before. Prem or bust. Ah the good old times. | | | |
| REDBIRDS DEBT ? on 22:20 - Nov 6 with 3121 views | pikeypaul |
| REDBIRDS DEBT ? on 20:06 - Nov 6 by tomdickharry |
Don't worry two hoots about them Tan has money tucked away that could meet their debt without ruffling the waters of his financial empire,don't forget that he has survived and flourished in the cess pits of Asian big business for years, a man not to be messed with. |
Tan is owed £66 million of last years £118 million debt and wants it back with interest
Or the redbird scum go to the wall
Tomdickharry , You obviously do not understand the situation
When reality sets in and the s@&£ finally hits the fan VT will get every penny out of the club he can selling everything he can just to recoup a percentage the club owes him.
He won't take the financial lose lightly and I imagine he could be real vindictive fecker and
Punish the scummy club big time since everything is in his hands the 'fans' have no say with him in total control.if he says blue shirts in the bin your wearing red from now on that's the way it is,if he says my boys mate is taking over scouting that's the way it is,if he says jump the whole scum club and it's fans jump that's the way it is,if he say hey w@nker wave the Malaysian flag a w@nker waves the Malaysian flag that's the way it is.
[Post edited 6 Nov 2014 23:22]
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| OUT AFLI SUCK IT UP REMOANER LOSERS
🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 | | Poll: | Where wil Judas be sitting when we play Millwall? |
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| REDBIRDS DEBT ? on 23:05 - Nov 6 with 3011 views | Uxbridge |
| REDBIRDS DEBT ? on 19:50 - Nov 6 by Dr_Winston |
Keith Morgan (Since62) has been predicting their return to financial stability and good health for at least ten years. If he's right it'll be the first time. |
He's an odd fish. Technically sound but ridiculously blinkered. |  |
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| REDBIRDS DEBT ? on 23:32 - Nov 6 with 2951 views | Rancid |
Failure to get promotion this year would be a big loss financially to them but I think with Tan and as mad or bad as he is, I think he'll stick around and try and get what he's always wanted, a team in Red established in the Premier League.Whether that happens at all is anyone's guess but I get the feeling he'll stick around for a while yet and keep trying til he gets what he wants. |  | | |
| REDBIRDS DEBT ? on 06:45 - Nov 7 with 2785 views | Edmundo |
£131079215.21p
When do we win a prize? |  |
| Swansea City-Officially the best football team in Wales-FACT |
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| REDBIRDS DEBT ? on 06:46 - Nov 7 with 2783 views | Dr_Winston |
| REDBIRDS DEBT ? on 23:05 - Nov 6 by Uxbridge |
He's an odd fish. Technically sound but ridiculously blinkered. |
Blinding themselves to reality is what they do. | |
| 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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| REDBIRDS DEBT ? on 07:01 - Nov 7 with 2766 views | Parlay |
They say they "only" lost £5m last year, but that is with amortised transfer fees meaning they pay the fee over the length of the players contracts so would only declare say 25% of those purchases in that years accounts.
Id imagine the impact of their disaster year will be seen more this year where they don't have the Sky money to subsidise their reckless maiden year. At least in terms of the accounts. |  |
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| REDBIRDS DEBT ? on 07:30 - Nov 7 with 2727 views | getcarter |
Tan is cutting costs and preparing his exit. How many of the mugs will buy season tickets knowing that it will be going straight in Vinnies pockets. | | | |
| REDBIRDS DEBT ? on 08:39 - Nov 7 with 2633 views | Brynmill_Jack |
| REDBIRDS DEBT ? on 21:50 - Nov 6 by NeathJack |
He already owns 90%+ of the club.
Debt to equity is a myth in Cardiff's case. Any such thing would basically be a straight writing off of the debt.
Good luck with that happening........... |
I don't think he does NJ. I think he is owed slightly over half the debt but I'm sure I saw figures where 66 million was owed to someone else. Do you reckon that's the Langstone debt and a case of handing the club over to Sam Hamman if he decides to go?
Perhaps he's keeping them going for Sam to raise the money owed to himself and once done it's bye bye Cardiff. Bit unless Sam has found another investor he won't take the club anywhere, he's no "billionaire". Time to act like a responsible football club eh? Spend what you earn. |  |
| Each time I go to Bedd - au........................ |
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| REDBIRDS DEBT ? on 22:26 - Nov 7 with 2375 views | TNT |
| REDBIRDS DEBT ? on 08:39 - Nov 7 by Brynmill_Jack |
I don't think he does NJ. I think he is owed slightly over half the debt but I'm sure I saw figures where 66 million was owed to someone else. Do you reckon that's the Langstone debt and a case of handing the club over to Sam Hamman if he decides to go?
Perhaps he's keeping them going for Sam to raise the money owed to himself and once done it's bye bye Cardiff. Bit unless Sam has found another investor he won't take the club anywhere, he's no "billionaire". Time to act like a responsible football club eh? Spend what you earn. |
Agree Bryn, 'If you ain't got it, don't spend it'. Football authorities need to make a stand on this, and should've done so years ago. We've been ahead of the game in this respect, and reaped the rewards - deservedly so too. | |
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| REDBIRDS DEBT ? on 22:51 - Nov 7 with 2314 views | whiterock |
The funny thing is, they think getting to the promised land is the answer, it's only the answer if you make more than you spend, they can't understand that, never have whatever division they are in | | | |
| REDBIRDS DEBT ? on 23:57 - Nov 7 with 2250 views | NeathJack |
| REDBIRDS DEBT ? on 08:39 - Nov 7 by Brynmill_Jack |
I don't think he does NJ. I think he is owed slightly over half the debt but I'm sure I saw figures where 66 million was owed to someone else. Do you reckon that's the Langstone debt and a case of handing the club over to Sam Hamman if he decides to go?
Perhaps he's keeping them going for Sam to raise the money owed to himself and once done it's bye bye Cardiff. Bit unless Sam has found another investor he won't take the club anywhere, he's no "billionaire". Time to act like a responsible football club eh? Spend what you earn. |
He bought Sam Hammam......sorry "Langstone" off earlier this year. As far as I'm aware there is little or no debt owed to anyone other than Tan himself now. | | | |
| REDBIRDS DEBT ? on 00:25 - Nov 8 with 2222 views | ScoobyDoo |
| REDBIRDS DEBT ? on 23:57 - Nov 7 by NeathJack |
He bought Sam Hammam......sorry "Langstone" off earlier this year. As far as I'm aware there is little or no debt owed to anyone other than Tan himself now. |
Feck me i'm amazed about the accountants on here. Where were you ten years ago? Surely you could have stopped the disgrace of asking your rivals for a hand out? | | | |
| REDBIRDS DEBT ? on 00:29 - Nov 8 with 2219 views | DJack |
| REDBIRDS DEBT ? on 00:25 - Nov 8 by ScoobyDoo |
Feck me i'm amazed about the accountants on here. Where were you ten years ago? Surely you could have stopped the disgrace of asking your rivals for a hand out? |
As you are the voice of reason I am surprised that you have missed the obvious point that even the best accountant on the planet does not advise everyone... particularly Mr V Tan.
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| It is far better to grasp the universe as it really is than to persist in delusion, however satisfying and reassuring. - Carl Sagan |
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