Fri Jan 13, 2012 12:05 am
Fri Jan 13, 2012 12:41 pm
nerd wrote:Fear not, it'll happen eventually.
Year ending May 2010, Blues accounts make interesting reading. Loss of about 750k from what I can tell, total debt now just over 5m.
Utterly skint, losing STs year after after as people boycotting/not renewing.
Can't afford to buy their way out of the contract so expect them to go under at some point in the short/medium term.
Fri Jan 13, 2012 5:07 pm
Fri Jan 13, 2012 9:33 pm
Fri Jan 13, 2012 9:35 pm
Fri Jan 13, 2012 9:57 pm
Tony Blue Williams wrote:You have to wonder if the Blues would quit CCS because the other three regions will soon have brand new stadiums of their own. Oyspreys (Liberty) Scarlets (Parc y Scarlets) and the Dragons at a revamped Rodney Parade would leave the Blues as the poor relation in Welsh regional rugby with regard to facilities.
TBH £5m may look a lot but I believe Peter the Pie will always bail them out and there are plenty of rich benefactors in Cardiff who love the egg who would chip in. Also I think the regions receive about £3m in TV payments from the WRU (which isn't far short of what we get off the Football League), so carrying a debt of £5m is similar to our £30m on turnover of £20m.
Fri Jan 13, 2012 10:09 pm
blueheaven wrote:Don't want the Blues to go under because 2 boys from my local Rugby Club are with the Blues Academy and both are real prospects with my mates son having recently played for the Wales 7's team scoring 11 trys in the recent World series. They are a Welsh side and i want to see all Welsh sides do well never mind what the sport.
I do however think for the good of the Blues it might be best if they moved but i don't think Arms Park is the answer because the WRU are still trying to purchase it from the Athletic Club so they can fill in 'Glanmors Gap' and build a media and hotel complex.
From Cardiff Citys point of view if they moved out it would obviously benefit the pitch which is getting damaged by the rugby however can we really afford the loss of the rent and the contribution the Blues make to the running of the CCS so i think we need to be careful what we wish for
Fri Jan 13, 2012 10:28 pm
Fri Jan 13, 2012 10:37 pm
Sat Jan 14, 2012 12:14 am
Cefnfforestbluebird wrote:They said in the Echo yesterday they have no intention of returning to the Arms Park and are viable at our ground
Sat Jan 14, 2012 12:19 am
recharding wrote:They would get bailed out by the WRU. Cardiff Blues is a franchise remember. They won't go under and they won't leave CCS. Over time they will gain support but it'll take a generation to build and will also take on field success. They're going nowhere i am afraid. They not getting that much less than they did in the arms park.
Sat Jan 14, 2012 10:38 am
Sat Jan 14, 2012 10:52 am
rhys1927ccfc wrote:Don't want the Blues to go under because i appreciate the people who watch them and have been watching them for years, I just want them to move out of the CCS and back to arms park.
Sat Jan 14, 2012 11:13 am
ChiChi wrote:rhys1927ccfc wrote:Don't want the Blues to go under because i appreciate the people who watch them and have been watching them for years, I just want them to move out of the CCS and back to arms park.
Well said we shouldn't be wishing badly on the Cardiff rugby team it's part of our great cities make up. Hope they move back to the arms park what a great stadia that is! Hopefully well crack on to the premier and then in sure financially it woul be no problem to renegotiate them moving out.
I heared the same when with save jones at the training ground there's a power struggle at the vale between the WRU and city. And training facilities with the WRU not allowing city access to the indoor pitch there!
Sat Jan 14, 2012 6:17 pm