Tue Nov 11, 2014 5:22 pm
Tue Nov 11, 2014 5:44 pm
Tue Nov 11, 2014 5:45 pm
Tue Nov 11, 2014 5:57 pm
Tue Nov 11, 2014 6:12 pm
Tue Nov 11, 2014 6:20 pm
Gareth (Wilts) wrote:Just a pity that tucker hasn't got the bollocks to firstly criticise the Cva that was the catalyst for swansea success and secondly he should be slating tan for the rebrand that has destroyed my once proud club.
Tue Nov 11, 2014 6:31 pm
Tue Nov 11, 2014 6:47 pm
Tue Nov 11, 2014 6:48 pm
Tue Nov 11, 2014 6:54 pm
Tonteg Bluebird wrote:To think we beat Swansea just over a year ago. Whether people like to admit it or not, it all went wrong when Malky was sacked.
Tue Nov 11, 2014 6:56 pm
Tue Nov 11, 2014 6:56 pm
Tue Nov 11, 2014 6:58 pm
TheRow wrote:They havent paid a penny in rent?????! That cant be true can it?![]()
I have no issue with the CVA, ironically it probably saved most of those companies as they have been able to continue to trade with them. But not paying a penny in rent is scandalous and inexcusable if true.
Tue Nov 11, 2014 7:01 pm
Tue Nov 11, 2014 7:03 pm
Tue Nov 11, 2014 7:21 pm
Tonteg Bluebird wrote:To think we beat Swansea just over a year ago. Whether people like to admit it or not, it all went wrong when Malky was sacked.
Tue Nov 11, 2014 7:30 pm
moonboots wrote:Tonteg Bluebird wrote:To think we beat Swansea just over a year ago. Whether people like to admit it or not, it all went wrong when Malky was sacked.
Would have gone wrong if they kept Malky. He ruined our one chance to establish Cardiff City in the Premier League by wasting millions on Cornelius and failing to bring in a quality striker. Our midfield and defence was ok (just about) but we never presented a threat in front of goal. Had he solved that problem, instead of spending millions on an untried kid, we could well have stayed up.
Tue Nov 11, 2014 7:49 pm
castleblue wrote:Gareth (Wilts) wrote:Just a pity that tucker hasn't got the bollocks to firstly criticise the Cva that was the catalyst for swansea success and secondly he should be slating tan for the rebrand that has destroyed my once proud club.
Not to mention having a new stadium built by the local council and not paying the council a single penny in rent since the stadium opened.
Having said all that on the field they certainly are doing well and fully deserved turning the gooners over at the weekend.
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Tue Nov 11, 2014 7:53 pm
Tue Nov 11, 2014 7:56 pm
castleblue wrote:TheRow wrote:They havent paid a penny in rent?????! That cant be true can it?![]()
I have no issue with the CVA, ironically it probably saved most of those companies as they have been able to continue to trade with them. But not paying a penny in rent is scandalous and inexcusable if true.
It is absolutely true the council has not received a single penny in income for the £30m+ investment it made on the Liberty Stadium. Not only that the council also loaned the Stadium Management Company £2.37m to cover the cost of fitting out the stadium, mostly spent on the hospitality areas, but did include fitting out the stadium shop.
Since the stadium opened Swansea City have received upwards of £1m a season in revenue from these hospitality areas but the council never received a single penny in repayment of the loan. This become an issue with thier auditors so the council decided to "write off " the entire loan. So SCFC have earned approaching £10m from these hospitalty areas and the rate payers of Swansea have lost £2.37m.
Well run club my arse.
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Tue Nov 11, 2014 8:16 pm
castleblue wrote:TheRow wrote:They havent paid a penny in rent?????! That cant be true can it?![]()
I have no issue with the CVA, ironically it probably saved most of those companies as they have been able to continue to trade with them. But not paying a penny in rent is scandalous and inexcusable if true.
It is absolutely true the council has not received a single penny in income for the £30m+ investment it made on the Liberty Stadium. Not only that the council also loaned the Stadium Management Company £2.37m to cover the cost of fitting out the stadium, mostly spent on the hospitality areas, but did include fitting out the stadium shop.
Since the stadium opened Swansea City have received upwards of £1m a season in revenue from these hospitality areas but the council never received a single penny in repayment of the loan. This become an issue with thier auditors so the council decided to "write off " the entire loan. So SCFC have earned approaching £10m from these hospitalty areas and the rate payers of Swansea have lost £2.37m.
Well run club my arse.
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Tue Nov 11, 2014 8:21 pm
Tue Nov 11, 2014 8:23 pm
Tue Nov 11, 2014 8:26 pm
Tue Nov 11, 2014 8:27 pm
waddle wrote:castleblue wrote:TheRow wrote:They havent paid a penny in rent?????! That cant be true can it?![]()
I have no issue with the CVA, ironically it probably saved most of those companies as they have been able to continue to trade with them. But not paying a penny in rent is scandalous and inexcusable if true.
It is absolutely true the council has not received a single penny in income for the £30m+ investment it made on the Liberty Stadium. Not only that the council also loaned the Stadium Management Company £2.37m to cover the cost of fitting out the stadium, mostly spent on the hospitality areas, but did include fitting out the stadium shop.
Since the stadium opened Swansea City have received upwards of £1m a season in revenue from these hospitality areas but the council never received a single penny in repayment of the loan. This become an issue with thier auditors so the council decided to "write off " the entire loan. So SCFC have earned approaching £10m from these hospitalty areas and the rate payers of Swansea have lost £2.37m.
Well run club my arse.
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it didn't even cost 30 million to build and some of that was made up of grants , how much did Cardiff pay the council for the land that legoland was built on ?
Tue Nov 11, 2014 8:28 pm
Lawnmower wrote:He hasn't got a clue. the biggest chasm was only about 10 years ago when there was 2 divisions and almost 60 places between the clubs.
The position as it is now could be reversed in 12 months, or it could get much worse. Things change very quickly in football.
Tue Nov 11, 2014 8:33 pm
TheRow wrote:castleblue wrote:TheRow wrote:They havent paid a penny in rent?????! That cant be true can it?![]()
I have no issue with the CVA, ironically it probably saved most of those companies as they have been able to continue to trade with them. But not paying a penny in rent is scandalous and inexcusable if true.
It is absolutely true the council has not received a single penny in income for the £30m+ investment it made on the Liberty Stadium. Not only that the council also loaned the Stadium Management Company £2.37m to cover the cost of fitting out the stadium, mostly spent on the hospitality areas, but did include fitting out the stadium shop.
Since the stadium opened Swansea City have received upwards of £1m a season in revenue from these hospitality areas but the council never received a single penny in repayment of the loan. This become an issue with thier auditors so the council decided to "write off " the entire loan. So SCFC have earned approaching £10m from these hospitalty areas and the rate payers of Swansea have lost £2.37m.
Well run club my arse.
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Well thats shocking if true. But Im sure i read that they paid a peppercorn rent where there was an agreement that rent is only payable when an attendance is above a certain figure, which suggests they have paid full rent for their Prem stay as they have sold out? Maybe your info was from the Championship days with their 14,000 attendances?
Either way, this article is wank.
Tue Nov 11, 2014 8:41 pm
Barry Chuckle wrote:Lawnmower wrote:He hasn't got a clue. the biggest chasm was only about 10 years ago when there was 2 divisions and almost 60 places between the clubs.
The position as it is now could be reversed in 12 months, or it could get much worse. Things change very quickly in football.
This.![]()
2 years ago Wigan won the FA Cup against Manchester City and were in their 8th (guess) premiership season. Streets ahead of Cardiff.
2 years down the line and the "chasm" is non existant & some would argue that Cardiff are now the club going places out of the two...
Just an example of how quickly things change. One promotion or one relegation and the "chasm" is non existant.
Tue Nov 11, 2014 8:51 pm
Barry Chuckle wrote:Lawnmower wrote:He hasn't got a clue. the biggest chasm was only about 10 years ago when there was 2 divisions and almost 60 places between the clubs.
The position as it is now could be reversed in 12 months, or it could get much worse. Things change very quickly in football.
This.![]()
2 years ago Wigan won the FA Cup against Manchester City and were in their 8th (guess) premiership season. Streets ahead of Cardiff.
2 years down the line and the "chasm" is non existant & some would argue that Cardiff are now the club going places out of the two...
Just an example of how quickly things change. One promotion or one relegation and the "chasm" is non existant.
Tue Nov 11, 2014 8:57 pm
castleblue wrote:TheRow wrote:castleblue wrote:TheRow wrote:They havent paid a penny in rent?????! That cant be true can it?![]()
I have no issue with the CVA, ironically it probably saved most of those companies as they have been able to continue to trade with them. But not paying a penny in rent is scandalous and inexcusable if true.
It is absolutely true the council has not received a single penny in income for the £30m+ investment it made on the Liberty Stadium. Not only that the council also loaned the Stadium Management Company £2.37m to cover the cost of fitting out the stadium, mostly spent on the hospitality areas, but did include fitting out the stadium shop.
Since the stadium opened Swansea City have received upwards of £1m a season in revenue from these hospitality areas but the council never received a single penny in repayment of the loan. This become an issue with thier auditors so the council decided to "write off " the entire loan. So SCFC have earned approaching £10m from these hospitalty areas and the rate payers of Swansea have lost £2.37m.
Well run club my arse.
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Well thats shocking if true. But Im sure i read that they paid a peppercorn rent where there was an agreement that rent is only payable when an attendance is above a certain figure, which suggests they have paid full rent for their Prem stay as they have sold out? Maybe your info was from the Championship days with their 14,000 attendances?
Either way, this article is wank.
Swansea City and the Ospreys both contribute to the running costs of the Liberty Stadium and that's where the peppercorn rent comes from. But the question is in business should they contribute to the running costs or pay "Market Value" in terms of hire costs for the stadium. There is a massive difference there where the "Market Value" or going rate would be set to deliver a profit and that's what would deliver the return on investment for Swansea City Council.
By paying only a share of running costs both the Swans and Ospreys have effectively been receiving "State Aid" which is why the European Commission is currently investigating the agreement in place.
http://www.southwales-eveningpost.co.uk ... story.html
Swansea are not the only club in this country to benefit by arrangements like this Hull City (Kingston Communication Stadium) and Doncaster Rovers (Keepmoat Stadium) have also been under scrutiny by local authority auditors. Is it a coincidence that two clubs Hull City and Swansea City, who were both involved in a game in 2003 that could have seen the Swans drop out of the football league, are currently playing in the Premier League in modern stadium built and funded by the local council.
How does it go Hmmmmmmm
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