FAO Lawnmower - those old accounts (CCFC)

I thought the main issue was that all of the income streams lie catering and the retail park had been sold off or mortgaged so day to day costs would have gone unfunded from that point onwards.

We were losing 1 million a month in the first two years they took over and that was well before we went nuts on wages or transfer fees.

mostly correct ciy had very little income stream when tan took over , its probably slightly better as tan as paid of some of the outstanding creditors who were milking club dry food outlets still not clubs although get percentage of takings. outlets we were well and truly screwed by risdale and pmg .

But how much of that worsening of the finances was due to Ridsdale selling season tickets in advance or interest agreed by Ridsdale but payable by Tan after he took over.

Very interesting that Tan has waived interest Upto September 2013. Can anyone say if he takes a wage from the club?

We were losing a million a month (probably more) when Tan took over so it was a sinking ship that he steadied.

Finally, the fact remains we were insolvent without Tan's money so how anyone can say we were better off before him is talking nonsense.

l
interesting but doesn't tell whole story of premier costs, player costs and of course many millions wasted on wages ect ect but at least gives us insight of how things are roughly at this point.
but you are right without tan love or hate him we are not in good position

Also funny how many of those who hate Tan still lick Malky's arse especially as he spent a huge percentage of that money. If you take away the Cornelius transfer of 10 million outlay it looks a bit better.

Neil, Thats down to bad management from Tan/CEO's they all should of not let a manager have an open pot with no limits.
Guess what they never learnt their lesson did they,Ole come to mind? But what did he achieve?

Have you also forgot the money Malky brought in from getting promotion? we are still receiving millions upon millions thanks to Malky every season.

That's fair enough Annis but you can't give Malky all the credit and not Tan any. Who knows what would have happened had Tan not taken us over and led us to the Premiership as he promised with the rebrand.

Neil,

If Tan had not taken our identity away and divided our club I would not be against him at all
Plus if he had made us debt free as promised he would be the fans hero

There comes a time when everyone needs to move on ,New badge back in blue but still people moaning ,maybe enough is enough get behind the club ,us Cardiff fans always seem to be infighting and that is not down to tan it's happened under every owner/chairman

Im virtually there every week Wez, cheering the team on no matter what the result is and I have been for 43 years consecutive years.
You were not there to see how bad it was following City away during the rebrand and I can tell you now,its hurt a lot of fans deeply,so its easier said than done , by saying move on.
The Red Brigrade told us the same words move on, who cares about identity, well Im glad we never because we are BLUE again

I support City no matter what,I have a right to voice my opinion about Tan, No one tells me to move on

This forum is here to debate and discuss football

so every week your just going to be negative until tan goes ? What if he doesn't go for years ? Obliviously you have a right to your opinion and coz you put it out there on your message board I and other fans have the right to question and debate it with you ,I get the feeling tho I think your going to disappointed coz tan can sit on Cardiff city for many years to come ,tan will eventually get his money back in years to come he isn't a multi millionaire by being stupid

But how much of that worsening of the finances was due to Ridsdale selling season tickets in advance or interest agreed by Ridsdale but payable by Tan after he took over.

Very interesting that Tan has waived interest Upto September 2013. Can anyone say if he takes a wage from the club?

We were losing a million a month (probably more) when Tan took over so it was a sinking ship that he steadied.

Finally, the fact remains we were insolvent without Tan's money so how anyone can say we were better off before him is talking nonsense.

l
interesting but doesn't tell whole story of premier costs, player costs and of course many millions wasted on wages ect ect but at least gives us insight of how things are roughly at this point.
but you are right without tan love or hate him we are not in good position

Also funny how many of those who hate Tan still lick Malky's arse especially as he spent a huge percentage of that money. If you take away the Cornelius transfer of 10 million outlay it looks a bit better.

Neil, Thats down to bad management from Tan/CEO's they all should of not let a manager have an open pot with no limits.
Guess what they never learnt their lesson did they,Ole come to mind? But what did he achieve?

Have you also forgot the money Malky brought in from getting promotion? we are still receiving millions upon millions thanks to Malky every season.

That's fair enough Annis but you can't give Malky all the credit and not Tan any. Who knows what would have happened had Tan not taken us over and led us to the Premiership as he promised with the rebrand.

Neil,

If Tan had not taken our identity away and divided our club I would not be against him at all
Plus if he had made us debt free as promised he would be the fans hero

There comes a time when everyone needs to move on ,New badge back in blue but still people moaning ,maybe enough is enough get behind the club ,us Cardiff fans always seem to be infighting and that is not down to tan it's happened under every owner/chairman

Im virtually there every week Wez, cheering the team on no matter what the result is and I have been for 43 years consecutive years.
You were not there to see how bad it was following City away during the rebrand and I can tell you now,its hurt a lot of fans deeply,so its easier said than done , by saying move on.
The Red Brigrade told us the same words move on, who cares about identity, well Im glad we never because we are BLUE again

I support City no matter what,I have a right to voice my opinion about Tan, No one tells me to move on

This forum is here to debate and discuss football

so every week your just going to be negative until tan goes ? What if he doesn't go for years ? Obliviously you have a right to your opinion and coz you put it out there on your message board I and other fans have the right to question and debate it with you ,I get the feeling tho I think your going to disappointed coz tan can sit on Cardiff city for many years to come ,tan will eventually get his money back in years to come he isn't a multi millionaire by being stupid

I know he wants out ASAP, but with the majority of his money back.
I respect him for how he has made multi Millions
But in the last 2 years he has not been doing so well,he has lost a third of his wealth.


I also Respect others fans opinions and yours when you debate

But how much of that worsening of the finances was due to Ridsdale selling season tickets in advance or interest agreed by Ridsdale but payable by Tan after he took over.

Very interesting that Tan has waived interest Upto September 2013. Can anyone say if he takes a wage from the club?

We were losing a million a month (probably more) when Tan took over so it was a sinking ship that he steadied.

Finally, the fact remains we were insolvent without Tan's money so how anyone can say we were better off before him is talking nonsense.

About £1m of the losses were down to interest on deals that PR put in place. None of them were down to season tickets sold in advance , as the accounts reflect cash received for the following season in advance every year.

We were not losing a £m a month before VT took over (see my figures above). That level of losses , and higher , only happened after the takeover. He did steady the finances initially with the money he put in (about £6m fixed that) , but spending has been reckless since in many cases up until the most recent months when a more sensible approach has been taken.

We were insolvent without Tan`s money - to an extent of about £4m as noted in my post. We are still insolvent , but by May 2014 the deficit had risen to £66m.

In January before Tan took us over didn't Ridsdale sell season tickets for the following season?

Yes , but that happened most seasons before and every season since. As long as season tickets are sold before the end of May , the cash will appear in that May`s accounts but there will be a creditor for the fact that the money relates to the following season , not the one in which the cash was received. Every football club does it.

But Riddler was using that money to pay debts that we had there and then so it couldn't be drawn on the following year as it was gone already.[/quote

As was the case for the use of the money in the other seasons I referred to in my post.There was no difference in what the money was used for in the Ridsdale era either before or after his time.The fact that he told fans it was a transfer fund was a lie but it's actual use was the norm for CCFC and indeed is the norm for most other clubs.

The season ticket money Riddler got was earlier than normal and meant we had a shortfall the season after. Thankfully Tan came in.

Whether it was earlier than normal is irrelevant . If it came in in January, March or May provided that it came in before the end of May it still related to the following season and so was a creditor in the books. As I keep saying, that was the same in previous and subsequent years. Any season ticket money cash received the season before still cannot be collected again so comes out of the cash inflows in the next season.

What a set of predictable posts.
Views entrenched no matter what the facts are.

It would be nice if you treated threads on their merit
And not slant it to fit with your own views.

Thank you for the information ccfcsince62
Only a blind fool can't see what has happened