| Cardiff losses and debt on 18:41 - Mar 8 with 3254 views | KeithHaynes |
Another club stated they were 97 million in debt yesterday, can’t remember who now.
How do you pay off 123 million of debt ? |  |
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| Cardiff losses and debt on 19:06 - Mar 8 with 3216 views | Whiterockin |
| Cardiff losses and debt on 18:41 - Mar 8 by KeithHaynes |
Another club stated they were 97 million in debt yesterday, can’t remember who now.
How do you pay off 123 million of debt ? |
If they are servicing the debt through interest payments and the debt is increasing, surely they fall foul of FFP. |  | | |
| Cardiff losses and debt on 19:10 - Mar 8 with 3216 views | bennytheblue |
| Cardiff losses and debt on 18:41 - Mar 8 by KeithHaynes |
Another club stated they were 97 million in debt yesterday, can’t remember who now.
How do you pay off 123 million of debt ? |
You don’t, you cut your losses and sell up and everyone will know you didnt have what it takes to run a football club properly because you are a stubborn fool who won’t listen to anyone. Simple |  | | |
| Cardiff losses and debt on 19:26 - Mar 8 with 3169 views | KeithHaynes |
| Cardiff losses and debt on 19:10 - Mar 8 by bennytheblue |
You don’t, you cut your losses and sell up and everyone will know you didnt have what it takes to run a football club properly because you are a stubborn fool who won’t listen to anyone. Simple |
Isn’t it odd both the Swans and Cardiff are good and shit at the same time 🙄 | |
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| Cardiff losses and debt on 19:37 - Mar 8 with 3135 views | Boundy |
| Cardiff losses and debt on 19:26 - Mar 8 by KeithHaynes |
Isn’t it odd both the Swans and Cardiff are good and shit at the same time 🙄 |
We're just shit on the pitch wherasa |  |
| "In a free society, the State is the servant of the people—not the master." |
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| Cardiff losses and debt on 19:46 - Mar 8 with 3111 views | KeithHaynes |
| Cardiff losses and debt on 19:37 - Mar 8 by Boundy |
We're just shit on the pitch wherasa |
Both are. | |
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| Cardiff losses and debt on 19:55 - Mar 8 with 3084 views | bennytheblue |
| Cardiff losses and debt on 19:26 - Mar 8 by KeithHaynes |
Isn’t it odd both the Swans and Cardiff are good and shit at the same time 🙄 |
I’m really not sure when we’ve been good…..never in a sustained way, just the odd decent season here and there. | | | |
| Cardiff losses and debt on 19:55 - Mar 8 with 3082 views | majorraglan |
There’s a lot of detail in there, I’d have thought the only way they’d clear that debt is by getting in to the PL and staying there for an extended period which, let’s face it is unlikely. Read they had some decent youngsters, but without being Cat 1 the big clubs can “poach” players on the cheap which makes building a team of youngsters difficult.
They need a major reset and the Swans are heading the same way. ( on the pitch that is). | | | |
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| Cardiff losses and debt on 20:04 - Mar 8 with 3067 views | vetchonian |
| Cardiff losses and debt on 19:55 - Mar 8 by bennytheblue |
I’m really not sure when we’ve been good…..never in a sustained way, just the odd decent season here and there. |
always in our shadow never mind benny | |
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| Cardiff losses and debt on 20:30 - Mar 8 with 2981 views | max936 |
| Cardiff losses and debt on 18:41 - Mar 8 by KeithHaynes |
Another club stated they were 97 million in debt yesterday, can’t remember who now.
How do you pay off 123 million of debt ? |
Pay it off a Pound a week  |  |
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| Cardiff losses and debt on 20:38 - Mar 8 with 2969 views | GixerJack |
| Cardiff losses and debt on 18:41 - Mar 8 by KeithHaynes |
Another club stated they were 97 million in debt yesterday, can’t remember who now.
How do you pay off 123 million of debt ? |
There going to have to flog a few pasties that’s for sure |  | | |
| Cardiff losses and debt on 20:40 - Mar 8 with 2939 views | Whiterockin |
| Cardiff losses and debt on 20:38 - Mar 8 by GixerJack |
There going to have to flog a few pasties that’s for sure |
Or Clark's Pies. | | | |
| Cardiff losses and debt on 20:52 - Mar 8 with 2918 views | pencoedjack |
| Cardiff losses and debt on 18:41 - Mar 8 by KeithHaynes |
Another club stated they were 97 million in debt yesterday, can’t remember who now.
How do you pay off 123 million of debt ? |
They have a bit of history in not paying what they owe. |  | | |
| Cardiff losses and debt on 20:54 - Mar 8 with 2911 views | KeithHaynes |
| Cardiff losses and debt on 20:52 - Mar 8 by pencoedjack |
They have a bit of history in not paying what they owe. |
Oh hang on 😂 | |
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| Cardiff losses and debt on 21:07 - Mar 8 with 2863 views | Dr_Winston |
| Cardiff losses and debt on 20:52 - Mar 8 by pencoedjack |
They have a bit of history in not paying what they owe. |
So do we. We don't have the high ground in this. Slightly less depressed ground perhaps. |  |
| 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 21:28 - Mar 8 with 2814 views | ReslovenSwan1 |
| Cardiff losses and debt on 21:07 - Mar 8 by Dr_Winston |
So do we. We don't have the high ground in this. Slightly less depressed ground perhaps. |
Swansea city is in a decent position.
a) A decent first team squad with a number of good young players generally operating at short of their potential. Benda Wood, Cabango, Darling, Cooper Piroe Cullen all have a lot more to give.
b) There appears money in the bank for summer recruitment with two or three out of contract freeing wage money.
c) Three or four academy plays may make strides Rushesha is back Abullai first wave Cotterill Congreve Lloyd second wave.
d) Benda will be back.
e) A change of manager or back room staff may improve things [Post edited 9 Mar 2023 16:34]
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| Cardiff losses and debt on 21:43 - Mar 8 with 2793 views | KeithHaynes |
| Cardiff losses and debt on 21:28 - Mar 8 by ReslovenSwan1 |
Swansea city is in a decent position.
a) A decent first team squad with a number of good young players generally operating at short of their potential. Benda Wood, Cabango, Darling, Cooper Piroe Cullen all have a lot more to give.
b) There appears money in the bank for summer recruitment with two or three out of contract freeing wage money.
c) Three or four academy plays may make strides Rushesha is back Abullai first wave Cotterill Congreve Lloyd second wave.
d) Benda will be back.
e) A change of manager or back room staff may improve things [Post edited 9 Mar 2023 16:34]
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I tend to agree on the finances. | |
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| Cardiff losses and debt on 07:26 - Mar 9 with 2572 views | Boundy |
| Cardiff losses and debt on 21:07 - Mar 8 by Dr_Winston |
So do we. We don't have the high ground in this. Slightly less depressed ground perhaps. |
Have to agree although we've never carried their amount of debt and at least we offered to and did pay nearly all the Clubs creditors , certainly the last time we faced similar issues . | |
| "In a free society, the State is the servant of the people—not the master." |
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| Cardiff losses and debt on 07:48 - Mar 9 with 2555 views | Dr_Winston |
| Cardiff losses and debt on 07:26 - Mar 9 by Boundy |
Have to agree although we've never carried their amount of debt and at least we offered to and did pay nearly all the Clubs creditors , certainly the last time we faced similar issues . |
For sure. The total amount we owed both times we went into Administration doesn't come close to meeting what they tried to gyp out of with Sala alone. Probably not even 20% of it.
A lot of people were left out of pocket though. A lot of people who probably couldn't afford to be. | |
| 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 09:45 - Mar 9 with 2473 views | pencoedjack |
| Cardiff losses and debt on 07:48 - Mar 9 by Dr_Winston |
For sure. The total amount we owed both times we went into Administration doesn't come close to meeting what they tried to gyp out of with Sala alone. Probably not even 20% of it.
A lot of people were left out of pocket though. A lot of people who probably couldn't afford to be. |
There was a post a few years ago with who we actually owed money, from memory I believe St Johns ambulance was the highest amount which I think was about 200k, money they have probably had back 100 fold when we played in the PL.
Id imagine there were a few small businesses who it caused a bit of difficulty but its completely different gravy both debts. | | | |
| Cardiff losses and debt on 10:43 - Mar 9 with 2444 views | Boundy |
| Cardiff losses and debt on 09:45 - Mar 9 by pencoedjack |
There was a post a few years ago with who we actually owed money, from memory I believe St Johns ambulance was the highest amount which I think was about 200k, money they have probably had back 100 fold when we played in the PL.
Id imagine there were a few small businesses who it caused a bit of difficulty but its completely different gravy both debts. |
I have copy of the CVA somewhere, i'll dig it out but yes youre right most were happy to recieve what they did , I belive it was Hollins and Matthew Bound who were bholding out for more | |
| "In a free society, the State is the servant of the people—not the master." |
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| Cardiff losses and debt on 10:55 - Mar 9 with 2422 views | Dr_Winston |
| Cardiff losses and debt on 10:43 - Mar 9 by Boundy |
I have copy of the CVA somewhere, i'll dig it out but yes youre right most were happy to recieve what they did , I belive it was Hollins and Matthew Bound who were bholding out for more |
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. | |
| 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 16:29 - Mar 9 with 2312 views | ReslovenSwan1 |
| Cardiff losses and debt on 09:45 - Mar 9 by pencoedjack |
There was a post a few years ago with who we actually owed money, from memory I believe St Johns ambulance was the highest amount which I think was about 200k, money they have probably had back 100 fold when we played in the PL.
Id imagine there were a few small businesses who it caused a bit of difficulty but its completely different gravy both debts. |
I recall a struggling dry cleaning firm were stung for £17,000. The way I cook my onions i would have contracted them and paid them back all those year later with the PL money. Not obligatory but the decent thing to do. They may have resumed services in the better days who knows? .
I read somewhere that Mr Hollins missed a deadline either by mistake or intention and did not even get his 5%.
I still pull up the 'Yanks out' crowd when I consider the mess a number of local owners (who loved the club unconditionally) made of the job. [Post edited 9 Mar 2023 16:34]
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| Cardiff losses and debt on 18:08 - Mar 9 with 2232 views | 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. | | | |
| Cardiff losses and debt on 18:10 - Mar 9 with 2222 views | Whiterockin |
| 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. |
If I remember correctly they were paying Tan £5M per year in interest payments. | | | |
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