THE BUDGET FOR MALKY ?

Must wages for the player be taken out of that too ?

Ok so we will have £35million invested to see us through to May 2013, out of this £35million a sum of £10million has been set aside for settling Langston.

That leaves £25million.

The club generates approximately £20million per season, add this to the £25million from above and we have total of £45million.

Last season we were operating losses of approximately £1.2million per month, meaning we were losing approximately £15million per annum, plus the wages were around the same figure of £15million, so £30million to be taken from the £45million.

So my reckoning is the budget we have to spend on players would be approximately £15million.

All this is my take on the matter, think it is right but maybe others can prove different.

Even if I have not got to the figure the correct way, it certainly ties in with the figure I have been told over the past 4 weeks that the manager would have to spend.

but if the debt is payed off...how can we still be losing £15 mill a year????

Christ Carl no wonder Malky has'nt been able to buy anyone up to now.....when you tell them how much he has in his Arse pocket. Why did'nt you say he only had £2 million

That is why Malky is 'massively happy'

But surely speculation on here ain't going to help us chasing players is it when clubs get a whisper of what we have to spend.

It's great that you know so much but I think sometimes you could go about things differently, post a bit more sensibly and not add to the mad rumour mill.

Not a dig by any means.

You may have missed VT's statement which is online on the clubs official website, the figures we are all talking about is there in the public domain for anybody to read, we are just debating those figures.

Ok so we will have £35million invested to see us through to May 2013, out of this £35million a sum of £10million has been set aside for settling Langston.

That leaves £25million.

The club generates approximately £20million per season, add this to the £25million from above and we have total of £45million.

Last season we were operating losses of approximately £1.2million per month, meaning we were losing approximately £15million per annum, plus the wages were around the same figure of £15million, so £30million to be taken from the £45million.

So my reckoning is the budget we have to spend on players would be approximately £15million.

All this is my take on the matter, think it is right but maybe others can prove different.

Even if I have not got to the figure the correct way, it certainly ties in with the figure I have been told over the past 4 weeks that the manager would have to spend.

Carl, If I may.....

...You needed a loan last year of £20m to keep you running even with the clubs own income streams. Assuming that level is required again next season you have £35m - £20m = £15m. Of this £15m, £10m is set aside for Hammam so £15m- £10m = £5m for new signings inc transfer/agent fees and wages.

Christ Carl no wonder Malky has'nt been able to buy anyone up to now.....when you tell them how much he has in his Arse pocket. Why did'nt you say he only had £2 million

That is why Malky is 'massively happy'

But surely speculation on here ain't going to help us chasing players is it when clubs get a whisper of what we have to spend.

It's great that you know so much but I think sometimes you could go about things differently, post a bit more sensibly and not add to the mad rumour mill.

Not a dig by any means.

You may have missed VT's statement which is online on the clubs official website, the figures we are all talking about is there in the public domain for anybody to read, we are just debating those figures.

Ok so we will have £35million invested to see us through to May 2013, out of this £35million a sum of £10million has been set aside for settling Langston.

That leaves £25million.

The club generates approximately £20million per season, add this to the £25million from above and we have total of £45million.

Last season we were operating losses of approximately £1.2million per month, meaning we were losing approximately £15million per annum, plus the wages were around the same figure of £15million, so £30million to be taken from the £45million.

So my reckoning is the budget we have to spend on players would be approximately £15million.

All this is my take on the matter, think it is right but maybe others can prove different.

Even if I have not got to the figure the correct way, it certainly ties in with the figure I have been told over the past 4 weeks that the manager would have to spend.

Carl, If I may.....

...You needed a loan last year of £20m to keep you running even with the clubs own income streams. Assuming that level is required again next season you have £35m - £20m = £15m. Of this £15m, £10m is set aside for Hammam so £15m- £10m = £5m for new signings inc transfer/agent fees and wages.

The £20m invested last season included buying 50% of the House of sport and there is the ongoing build of the house of sport 2 plus there has been investment in other areas of the club not just the day to day running of the club as some are suggesting.

Carl,

the Malaysians are pumping in loans of 1.2 Million a month just to meet current running costs. This means that income streams have been exhausted/already counted for as there is no further money to meet outgoings. There is nothing in the statement today that says other than there is £35 million for running the club until May, out of which comes the £10 mllion for langstone, transfers and wages. Assuming the club still needs 1.2 million a month for 12 months (14.4 million) that leaves 10.6 million for transfers and increased wages.

You said recently this was the largest transfer budget ever in Cardiffs history ( I forget the exact hype you use) ? Really?

What's the most we have spent in a season ?

The most we spent is when we brought Kav and Thorne for 2 mill each...ish from Stoke and a few others that season. All of which we are still paying with langstone funnily enough. Lol.

Ok so we will have £35million invested to see us through to May 2013, out of this £35million a sum of £10million has been set aside for settling Langston.

That leaves £25million.

The club generates approximately £20million per season, add this to the £25million from above and we have total of £45million.

Last season we were operating losses of approximately £1.2million per month, meaning we were losing approximately £15million per annum, plus the wages were around the same figure of £15million, so £30million to be taken from the £45million.

So my reckoning is the budget we have to spend on players would be approximately £15million.

All this is my take on the matter, think it is right but maybe others can prove different.

Even if I have not got to the figure the correct way, it certainly ties in with the figure I have been told over the past 4 weeks that the manager would have to spend.

Carl, If I may.....

...You needed a loan last year of £20m to keep you running even with the clubs own income streams. Assuming that level is required again next season you have £35m - £20m = £15m. Of this £15m, £10m is set aside for Hammam so £15m- £10m = £5m for new signings inc transfer/agent fees and wages.

The £20m invested last season included buying 50% of the House of sport and there is the ongoing build of the house of sport 2 plus there has been investment in other areas of the club not just the day to day running of the club as some are suggesting.

Thanks Carl, that makes a lot more sense. How much did the House of Sport projects cost. I must admit I was surprised when the first year of Malky's reign seemed to cost more than the last year of Dave Jones'. How much should we add on to the £5m for these other investments?

Wrong, I'm afraid Carl.

They give the total loans by the Malaysians as 34.8m. At may 2011 in published accounts that figure was 14.8m so monthly losses last year were 1.67m. This years cash injection loan of 25m is only 5m more than last years 20m so malky has 5m extra this year to spend.

You are assuming that £20m was required just for day to day running costs and not used as investment in the house of sport plus the house of sport 2, the figures used for these two purchases would not be required again plus other areas where money has been invested as well.

Ok so we will have £35million invested to see us through to May 2013, out of this £35million a sum of £10million has been set aside for settling Langston.

That leaves £25million.

The club generates approximately £20million per season, add this to the £25million from above and we have total of £45million.

Last season we were operating losses of approximately £1.2million per month, meaning we were losing approximately £15million per annum, plus the wages were around the same figure of £15million, so £30million to be taken from the £45million.

So my reckoning is the budget we have to spend on players would be approximately £15million.

All this is my take on the matter, think it is right but maybe others can prove different.

Even if I have not got to the figure the correct way, it certainly ties in with the figure I have been told over the past 4 weeks that the manager would have to spend.

Carl, If I may.....

...You needed a loan last year of £20m to keep you running even with the clubs own income streams. Assuming that level is required again next season you have £35m - £20m = £15m. Of this £15m, £10m is set aside for Hammam so £15m- £10m = £5m for new signings inc transfer/agent fees and wages.

The £20m invested last season included buying 50% of the House of sport and there is the ongoing build of the house of sport 2 plus there has been investment in other areas of the club not just the day to day running of the club as some are suggesting.

Thanks Carl, that makes a lot more sense. How much did the House of Sport projects cost. I must admit I was surprised when the first year of Malky's reign seemed to cost more than the last year of Dave Jones'. How much should we add on to the £5m for these other investments?

That's ok you are not the only one who has earmarked the additional £20m as day to day running costs.

The house of sport was an investment of £1m, I don't know e overall cost of the HOS 2 but if it is the same as the first then we would be somewhere around £2m

Don't forget Dave Jones was also being paid £1m for nearly all of last season as well.

Ok so we will have £35million invested to see us through to May 2013, out of this £35million a sum of £10million has been set aside for settling Langston.

That leaves £25million.

The club generates approximately £20million per season, add this to the £25million from above and we have total of £45million.

Last season we were operating losses of approximately £1.2million per month, meaning we were losing approximately £15million per annum, plus the wages were around the same figure of £15million, so £30million to be taken from the £45million.

So my reckoning is the budget we have to spend on players would be approximately £15million.

All this is my take on the matter, think it is right but maybe others can prove different.

Even if I have not got to the figure the correct way, it certainly ties in with the figure I have been told over the past 4 weeks that the manager would have to spend.

Carl, If I may.....

...You needed a loan last year of £20m to keep you running even with the clubs own income streams. Assuming that level is required again next season you have £35m - £20m = £15m. Of this £15m, £10m is set aside for Hammam so £15m- £10m = £5m for new signings inc transfer/agent fees and wages.

The £20m invested last season included buying 50% of the House of sport and there is the ongoing build of the house of sport 2 plus there has been investment in other areas of the club not just the day to day running of the club as some are suggesting.

Thanks Carl, that makes a lot more sense. How much did the House of Sport projects cost. I must admit I was surprised when the first year of Malky's reign seemed to cost more than the last year of Dave Jones'. How much should we add on to the £5m for these other investments?

That's ok you are not the only one who has earmarked the additional £20m as day to day running costs.

The house of sport was an investment of £1m, I don't know e overall cost of the HOS 2 but if it is the same as the first then we would be somewhere around £2m

Don't forget Dave Jones was also being paid £1m for nearly all of last season as well.

So we are getting near the £10m mark which does start to sound more ambitious. Just need to hope Malky can get the targets he wants now.

Ok so we will have £35million invested to see us through to May 2013, out of this £35million a sum of £10million has been set aside for settling Langston.

That leaves £25million.

The club generates approximately £20million per season, add this to the £25million from above and we have total of £45million.

Last season we were operating losses of approximately £1.2million per month, meaning we were losing approximately £15million per annum, plus the wages were around the same figure of £15million, so £30million to be taken from the £45million.

So my reckoning is the budget we have to spend on players would be approximately £15million.

All this is my take on the matter, think it is right but maybe others can prove different.

Even if I have not got to the figure the correct way, it certainly ties in with the figure I have been told over the past 4 weeks that the manager would have to spend.

Carl, If I may.....

...You needed a loan last year of £20m to keep you running even with the clubs own income streams. Assuming that level is required again next season you have £35m - £20m = £15m. Of this £15m, £10m is set aside for Hammam so £15m- £10m = £5m for new signings inc transfer/agent fees and wages.

The £20m invested last season included buying 50% of the House of sport and there is the ongoing build of the house of sport 2 plus there has been investment in other areas of the club not just the day to day running of the club as some are suggesting.

Thanks Carl, that makes a lot more sense. How much did the House of Sport projects cost. I must admit I was surprised when the first year of Malky's reign seemed to cost more than the last year of Dave Jones'. How much should we add on to the £5m for these other investments?

That's ok you are not the only one who has earmarked the additional £20m as day to day running costs.

The house of sport was an investment of £1m, I don't know e overall cost of the HOS 2 but if it is the same as the first then we would be somewhere around £2m

Don't forget Dave Jones was also being paid £1m for nearly all of last season as well.

Ok, so that would be £7m, not £5m. But of course, that would not be taking into account the additional cost of the interest on the £20m loaned last year.

Ok so we will have £35million invested to see us through to May 2013, out of this £35million a sum of £10million has been set aside for settling Langston.

That leaves £25million.

The club generates approximately £20million per season, add this to the £25million from above and we have total of £45million.

Last season we were operating losses of approximately £1.2million per month, meaning we were losing approximately £15million per annum, plus the wages were around the same figure of £15million, so £30million to be taken from the £45million.

So my reckoning is the budget we have to spend on players would be approximately £15million.

All this is my take on the matter, think it is right but maybe others can prove different.

Even if I have not got to the figure the correct way, it certainly ties in with the figure I have been told over the past 4 weeks that the manager would have to spend.

Carl, If I may.....

...You needed a loan last year of £20m to keep you running even with the clubs own income streams. Assuming that level is required again next season you have £35m - £20m = £15m. Of this £15m, £10m is set aside for Hammam so £15m- £10m = £5m for new signings inc transfer/agent fees and wages.

You wish

Ok so we will have £35million invested to see us through to May 2013, out of this £35million a sum of £10million has been set aside for settling Langston.

That leaves £25million.

The club generates approximately £20million per season, add this to the £25million from above and we have total of £45million.

Last season we were operating losses of approximately £1.2million per month, meaning we were losing approximately £15million per annum, plus the wages were around the same figure of £15million, so £30million to be taken from the £45million.

So my reckoning is the budget we have to spend on players would be approximately £15million.

All this is my take on the matter, think it is right but maybe others can prove different.

Even if I have not got to the figure the correct way, it certainly ties in with the figure I have been told over the past 4 weeks that the manager would have to spend.

Carl, If I may.....

...You needed a loan last year of £20m to keep you running even with the clubs own income streams. Assuming that level is required again next season you have £35m - £20m = £15m. Of this £15m, £10m is set aside for Hammam so £15m- £10m = £5m for new signings inc transfer/agent fees and wages.

Mistake #1 - you have increased the deficit from 15m to 20m = add 5m to your figure
Mistake #2 - you neglected the 20m 'normal income' less the wage bill of 15m = add 5m to your figure

Overall add 10m to your 5m and you get 15m, as carl stated in the first place. QED

Ok so we will have £35million invested to see us through to May 2013, out of this £35million a sum of £10million has been set aside for settling Langston.

That leaves £25million.

The club generates approximately £20million per season, add this to the £25million from above and we have total of £45million.

Last season we were operating losses of approximately £1.2million per month, meaning we were losing approximately £15million per annum, plus the wages were around the same figure of £15million, so £30million to be taken from the £45million.

So my reckoning is the budget we have to spend on players would be approximately £15million.

All this is my take on the matter, think it is right but maybe others can prove different.

Even if I have not got to the figure the correct way, it certainly ties in with the figure I have been told over the past 4 weeks that the manager would have to spend.

Carl, If I may.....

...You needed a loan last year of £20m to keep you running even with the clubs own income streams. Assuming that level is required again next season you have £35m - £20m = £15m. Of this £15m, £10m is set aside for Hammam so £15m- £10m = £5m for new signings inc transfer/agent fees and wages.

The £20m invested last season included buying 50% of the House of sport and there is the ongoing build of the house of sport 2 plus there has been investment in other areas of the club not just the day to day running of the club as some are suggesting.

Thanks Carl, that makes a lot more sense. How much did the House of Sport projects cost. I must admit I was surprised when the first year of Malky's reign seemed to cost more than the last year of Dave Jones'. How much should we add on to the £5m for these other investments?

That's ok you are not the only one who has earmarked the additional £20m as day to day running costs.

The house of sport was an investment of £1m, I don't know e overall cost of the HOS 2 but if it is the same as the first then we would be somewhere around £2m

Don't forget Dave Jones was also being paid £1m for nearly all of last season as well.

So we are getting near the £10m mark which does start to sound more ambitious. Just need to hope Malky can get the targets he wants now.

The accounts are a year out of date so to speak and VT covered the Bellamy wages himself, which has been a loan to the club and that was £21k per week.

It will all add up to the figure I stated originally.

Ok so we will have £35million invested to see us through to May 2013, out of this £35million a sum of £10million has been set aside for settling Langston.

That leaves £25million.

The club generates approximately £20million per season, add this to the £25million from above and we have total of £45million.

Last season we were operating losses of approximately £1.2million per month, meaning we were losing approximately £15million per annum, plus the wages were around the same figure of £15million, so £30million to be taken from the £45million.

So my reckoning is the budget we have to spend on players would be approximately £15million.

All this is my take on the matter, think it is right but maybe others can prove different.

Even if I have not got to the figure the correct way, it certainly ties in with the figure I have been told over the past 4 weeks that the manager would have to spend.

Carl, If I may.....

...You needed a loan last year of £20m to keep you running even with the clubs own income streams. Assuming that level is required again next season you have £35m - £20m = £15m. Of this £15m, £10m is set aside for Hammam so £15m- £10m = £5m for new signings inc transfer/agent fees and wages.

The £20m invested last season included buying 50% of the House of sport and there is the ongoing build of the house of sport 2 plus there has been investment in other areas of the club not just the day to day running of the club as some are suggesting.

Thanks Carl, that makes a lot more sense. How much did the House of Sport projects cost. I must admit I was surprised when the first year of Malky's reign seemed to cost more than the last year of Dave Jones'. How much should we add on to the £5m for these other investments?

That's ok you are not the only one who has earmarked the additional £20m as day to day running costs.

The house of sport was an investment of £1m, I don't know e overall cost of the HOS 2 but if it is the same as the first then we would be somewhere around £2m

Don't forget Dave Jones was also being paid £1m for nearly all of last season as well.

Ok, so that would be £7m, not £5m. But of course, that would not be taking into account the additional cost of the interest on the £20m loaned last year.

We aren't paying off any of the interest though so it's not an outgoing yet. It will result in a bigger accounting loss next year but won't increase our expenditure for the year.

Im not going to read all the replies to see of this point has already been raised, but surely the 1.2 million losses were after the 20 million pounds worth of income were accounted for.

We are losing 1.2 million a month despite our income, that's my opinion.

Ok so we will have £35million invested to see us through to May 2013, out of this £35million a sum of £10million has been set aside for settling Langston.

That leaves £25million.

The club generates approximately £20million per season, add this to the £25million from above and we have total of £45million.

Last season we were operating losses of approximately £1.2million per month, meaning we were losing approximately £15million per annum, plus the wages were around the same figure of £15million, so £30million to be taken from the £45million.

So my reckoning is the budget we have to spend on players would be approximately £15million.

All this is my take on the matter, think it is right but maybe others can prove different.

Even if I have not got to the figure the correct way, it certainly ties in with the figure I have been told over the past 4 weeks that the manager would have to spend.

Carl, If I may.....

...You needed a loan last year of £20m to keep you running even with the clubs own income streams. Assuming that level is required again next season you have £35m - £20m = £15m. Of this £15m, £10m is set aside for Hammam so £15m- £10m = £5m for new signings inc transfer/agent fees and wages.

The £20m invested last season included buying 50% of the House of sport and there is the ongoing build of the house of sport 2 plus there has been investment in other areas of the club not just the day to day running of the club as some are suggesting.

Thanks Carl, that makes a lot more sense. How much did the House of Sport projects cost. I must admit I was surprised when the first year of Malky's reign seemed to cost more than the last year of Dave Jones'. How much should we add on to the £5m for these other investments?

That's ok you are not the only one who has earmarked the additional £20m as day to day running costs.

The house of sport was an investment of £1m, I don't know e overall cost of the HOS 2 but if it is the same as the first then we would be somewhere around £2m

Don't forget Dave Jones was also being paid £1m for nearly all of last season as well.

Ok, so that would be £7m, not £5m. But of course, that would not be taking into account the additional cost of the interest on the £20m loaned last year.

No, 5+1+2+1 =9

Plus Bellamy wage, plus other investment areas and releasing of players on high wages.

Interest is not taken into account out of the £35m, that is added on to the investment but ultimately the loan will be turned into shares nice, if, the Langston debt is settled.

Ok so we will have £35million invested to see us through to May 2013, out of this £35million a sum of £10million has been set aside for settling Langston.

That leaves £25million.

The club generates approximately £20million per season, add this to the £25million from above and we have total of £45million.

Last season we were operating losses of approximately £1.2million per month, meaning we were losing approximately £15million per annum, plus the wages were around the same figure of £15million, so £30million to be taken from the £45million.

So my reckoning is the budget we have to spend on players would be approximately £15million.

All this is my take on the matter, think it is right but maybe others can prove different.

Even if I have not got to the figure the correct way, it certainly ties in with the figure I have been told over the past 4 weeks that the manager would have to spend.

Carl, If I may.....

...You needed a loan last year of £20m to keep you running even with the clubs own income streams. Assuming that level is required again next season you have £35m - £20m = £15m. Of this £15m, £10m is set aside for Hammam so £15m- £10m = £5m for new signings inc transfer/agent fees and wages.

Mistake #1 - you have increased the deficit from 15m to 20m = add 5m to your figure
Mistake #2 - you neglected the 20m 'normal income' less the wage bill of 15m = add 5m to your figure

Overall add 10m to your 5m and you get 15m, as carl stated in the first place. QED

The figures show the amount owed in loans to VT has gone up £20m since roughly this time last year so my figure there is correct.

And as for your 2nd point, your "normal income" is already taken into account with the loss of £20m so you're double counting.

Carl, If I may.....

...You needed a loan last year of £20m to keep you running even with the clubs own income streams. Assuming that level is required again next season you have £35m - £20m = £15m. Of this £15m, £10m is set aside for Hammam so £15m- £10m = £5m for new signings inc transfer/agent fees and wages.

The £20m invested last season included buying 50% of the House of sport and there is the ongoing build of the house of sport 2 plus there has been investment in other areas of the club not just the day to day running of the club as some are suggesting.

Thanks Carl, that makes a lot more sense. How much did the House of Sport projects cost. I must admit I was surprised when the first year of Malky's reign seemed to cost more than the last year of Dave Jones'. How much should we add on to the £5m for these other investments?

That's ok you are not the only one who has earmarked the additional £20m as day to day running costs.

The house of sport was an investment of £1m, I don't know e overall cost of the HOS 2 but if it is the same as the first then we would be somewhere around £2m

Don't forget Dave Jones was also being paid £1m for nearly all of last season as well.

So we are getting near the £10m mark which does start to sound more ambitious. Just need to hope Malky can get the targets he wants now.

The accounts are a year out of date so to speak and VT covered the Bellamy wages himself, which has been a loan to the club and that was £21k per week.

It will all add up to the figure I stated originally.

From your own figures you say our day to day running costs were short £1.2m a month and £15m over the year. So if they are loaning £25m for next year and our day to day losses are the same the most it can be is £25m - £15m = £10m extra spending money but at least our figures are getting closer together.

Ok so we will have £35million invested to see us through to May 2013, out of this £35million a sum of £10million has been set aside for settling Langston.

That leaves £25million.

The club generates approximately £20million per season, add this to the £25million from above and we have total of £45million.

Last season we were operating losses of approximately £1.2million per month, meaning we were losing approximately £15million per annum, plus the wages were around the same figure of £15million, so £30million to be taken from the £45million.

So my reckoning is the budget we have to spend on players would be approximately £15million.

All this is my take on the matter, think it is right but maybe others can prove different.

Even if I have not got to the figure the correct way, it certainly ties in with the figure I have been told over the past 4 weeks that the manager would have to spend.

Carl, If I may.....

...You needed a loan last year of £20m to keep you running even with the clubs own income streams. Assuming that level is required again next season you have £35m - £20m = £15m. Of this £15m, £10m is set aside for Hammam so £15m- £10m = £5m for new signings inc transfer/agent fees and wages.

Mistake #1 - you have increased the deficit from 15m to 20m = add 5m to your figure
Mistake #2 - you neglected the 20m 'normal income' less the wage bill of 15m = add 5m to your figure

Overall add 10m to your 5m and you get 15m, as carl stated in the first place. QED

The figures show the amount owed in loans to VT has gone up £20m since roughly this time last year so my figure there is correct.

And as for your 2nd point, your "normal income" is already taken into account with the loss of £20m so you're double counting.

But you are assuming the £20m was used for day to day running costs.

So when are they sorting langston then if we got all this money to blow on players why are they dodging turning there debt in to equity when we all know sam wants less than half of what he should get after all wasnt we all told this INVESTMENT WAS ON THE BASIS OF LANGSTON BEING PAYED but hes not been payed so basically we are hilting up more debt on debt with apr loans for them to get more in the pound when they buy the club outrite i should say IF there buy the club outrite

Last edited by Bluebird1977 on Thu Jun 14, 2012 9:21 pm, edited 1 time in total.

So when are they sorting langston then if we got all this money to blow on players why are they dodging turning there debt in to equity when we all know sam wants less than half of what he should get after all wasnt we all told this INVESTMENT WAS ON THE BASIS OF LANGSTON BEING PAYED ??

The investment is not on the basis of Langston being paid.

I think Vincent Tan put pay to that little bit of propaganda today.

So when are they sorting langston then if we got all this money to blow on players why are they dodging turning there debt in to equity when we all know sam wants less than half of what he should get after all wasnt we all told this INVESTMENT WAS ON THE BASIS OF LANGSTON BEING PAYED ??

The investment is not on the basis of Langston being paid.

I think Vincent Tan put pay to that little bit of propaganda today.

It was a few weeks back carl yet now its changed we was told on the basis of langston being payed, So what have we done the rebrand for then just loans only then

Last edited by Bluebird1977 on Thu Jun 14, 2012 9:23 pm, edited 2 times in total.

No, 5+1+2+1 =9

Plus Bellamy wage, plus other investment areas and releasing of players on high wages.

Interest is not taken into account out of the £35m, that is added on to the investment but ultimately the loan will be turned into shares nice, if, the Langston debt is settled.

Err, Bellamy wasn't with you last season? And if HOS2 costs the same as HOS1 as you appear to state, how come you've included it as £2m and HOS1 as £1m?

So when are they sorting langston then if we got all this money to blow on players why are they dodging turning there debt in to equity when we all know sam wants less than half of what he should get after all wasnt we all told this INVESTMENT WAS ON THE BASIS OF LANGSTON BEING PAYED ??

The investment is not on the basis of Langston being paid.

I think Vincent Tan put pay to that little bit of propaganda today.

Yeah, the only thing that hinges on the Langston debt being paid is VT's loans being turned into equity

Ok so we will have £35million invested to see us through to May 2013, out of this £35million a sum of £10million has been set aside for settling Langston.

That leaves £25million.

The club generates approximately £20million per season, add this to the £25million from above and we have total of £45million.

Last season we were operating losses of approximately £1.2million per month, meaning we were losing approximately £15million per annum, plus the wages were around the same figure of £15million, so £30million to be taken from the £45million.

So my reckoning is the budget we have to spend on players would be approximately £15million.

All this is my take on the matter, think it is right but maybe others can prove different.

Even if I have not got to the figure the correct way, it certainly ties in with the figure I have been told over the past 4 weeks that the manager would have to spend.

Carl, If I may.....

...You needed a loan last year of £20m to keep you running even with the clubs own income streams. Assuming that level is required again next season you have £35m - £20m = £15m. Of this £15m, £10m is set aside for Hammam so £15m- £10m = £5m for new signings inc transfer/agent fees and wages.

Mistake #1 - you have increased the deficit from 15m to 20m = add 5m to your figure
Mistake #2 - you neglected the 20m 'normal income' less the wage bill of 15m = add 5m to your figure

Overall add 10m to your 5m and you get 15m, as carl stated in the first place. QED

The figures show the amount owed in loans to VT has gone up £20m since roughly this time last year so my figure there is correct.

And as for your 2nd point, your "normal income" is already taken into account with the loss of £20m so you're double counting.

But you are assuming the £20m was used for day to day running costs.

To an extent yes, but you're assuming that there will be no additional costs on top of day to day running costs next season. Look at the work that is apparently now being done at the stadium turning things from blue to red, that is a cost for instance.

Ok so we will have £35million invested to see us through to May 2013, out of this £35million a sum of £10million has been set aside for settling Langston.

That leaves £25million.

The club generates approximately £20million per season, add this to the £25million from above and we have total of £45million.

Last season we were operating losses of approximately £1.2million per month, meaning we were losing approximately £15million per annum, plus the wages were around the same figure of £15million, so £30million to be taken from the £45million.

So my reckoning is the budget we have to spend on players would be approximately £15million.

All this is my take on the matter, think it is right but maybe others can prove different.

Even if I have not got to the figure the correct way, it certainly ties in with the figure I have been told over the past 4 weeks that the manager would have to spend.

Carl, If I may.....

...You needed a loan last year of £20m to keep you running even with the clubs own income streams. Assuming that level is required again next season you have £35m - £20m = £15m. Of this £15m, £10m is set aside for Hammam so £15m- £10m = £5m for new signings inc transfer/agent fees and wages.

Mistake #1 - you have increased the deficit from 15m to 20m = add 5m to your figure
Mistake #2 - you neglected the 20m 'normal income' less the wage bill of 15m = add 5m to your figure

Overall add 10m to your 5m and you get 15m, as carl stated in the first place. QED

The figures show the amount owed in loans to VT has gone up £20m since roughly this time last year so my figure there is correct.

And as for your 2nd point, your "normal income" is already taken into account with the loss of £20m so you're double counting.

But you are assuming the £20m was used for day to day running costs.

To an extent yes, but you're assuming that there will be no additional costs on top of day to day running costs next season. Look at the work that is apparently now being done at the stadium turning things from blue to red, that is a cost for instance.

I am not assuming, I am reading he statements and actually listening to what is being said in the meetings.

Of all this time I have been accused of being anti-Malaysian or having an agenda, it's amazing when you think about who has claimed as much about me yet some of these same people seem to be running the propaganda many believe but the proof is in the pudding.

Carl, alot of people are talking about saving money from interest payments when the debt is paid off, but how I see it is, if a settlement figure of 10 mil has been agreed for Sam, ray gets paid only through player sales and PMG have their area of the stadium, there's not much interest being paid on these debts anyway? So we aren't going to make much of an annual saving after these debts and one day finalised? Is that correct??

Surely running costs will be higher without the blues paying towards them? Or is their payment for early termination taken into account?