Tue Jan 08, 2019 11:55 pm
Steve Zodiak wrote:It's not just a case of the PL saying here is a £100m, and Tan then splashing out £20m there and £15m here on new players. He also has wages to pay, agents fees to cover, plus all the normal expenses that any business owner will be aware of such as business rates, taxes, insurances and numerous other expenses. If just a quarter of that £100m is paid in salaries, we are already close to being in debt before a penny is spent on buying players or paying the day to day running costs of the club. If I remember correctly, the last set of published figures showed the club being £80m in debt, and completely reliant on Tan for payrolling the club. Not sure what the present debt is as I think he may have converted some of that debt into shares, but you can bet that it is still a huge amount. Plenty of money for being in the PL, but the costs go up as well. Take a look at the profits/losses the PL clubs made last time, most would not have made a huge dent in our debts, and if Tan had not carried out his debt conversions, would have been no more than loose change. If it was easy to make big profits by running a PL club, I am sure Tan would be getting a lot of offers from all over the world. He is a businessman who will take calculated risks, he will not be thinking as a fan as he had probably never heard of this club until he was asked to step in and save it.
Wed Jan 09, 2019 9:48 am
Forever Blue wrote:Cardiff City Players so far loaned out this January and all big earners doing nothing
With Gary Madine Confirmed to Sheffield United
Lee Tomlin to Peterborough
And looking like Anthony Pilkington to Ipswich Town
And still a few more to go out.
In My Opinion:
There can No excuses regarding money to pay wages and even without these players going out, with the big money City have and are receiving for being in the Premier League, we should be strengthening anyway if Cardiff want to stay up in the Premier League.
I know there are those who say we should not spend etc but if relegated we are not guaranteed to return, No club ever are and it won’t encourage our support to keep backing our club in such massive numbers .
Wed Jan 09, 2019 5:02 pm