Am I being negative or just honest ?

annis why are you all of a sudden VERYworried about our debt
surely even you can see our debt will be reduced before we even kick a ball in the championship
player sales income will be massively more than player purchases
out going players wages will be massively bigger than in coming players wages
and we have parachute payments to take into account
our average attendances were not greatly better in the premier league to our gates in our championship winning season
a winning team will bring in the crowds especially with an attacking football playing team rather than a boring defencive hoof ball mentality
I honestly believe we now have the chance to not only go straight back up but we will be more prepared to stay there under ole than we were under milky
also I think our finances will be better than when milky was here
just a shame we are not in blue
imo you should put every effort through this board into getting our blue back and stop trying to justify your backing of milky
your influence regarding our colours and badge imo is vital so channel all your energy /threads in that direction for the good of ccfc (please)

Steve,I've been worried about our debts from day one and I have been going on about it even more since it has increased ten fold under Tan and don't forget his promise 2 years ago.

Apparently the present investment into Cardiff city fc all areas is around 130 million and the app book value would be around
60 million in the stadium and a conservative value of say 30 million for players. (Could be more ) with other related commercial assets to be realised at around to 5 to 10 million. Naming rights , commercial corporate bookings and advertising etc. Hearsay has it we made a profit of 10 million. Assuming these figures are realistic it puts a value on all areas of 105 to 110 million, depends of course how the accounts are concluded to the advantage of the directors for tax purposes, or to the Club/Tan if the club was for sale. If my memory serves me correctly when tan took over we were app 80 million in debt inc Hammans and the taxmans debt, with assets of app. 50million leaving us with an overall deficit of 30 million. Which is almost the same as now. we have neither Hamman, taxman, or any imediate creditors at the moment . Can you please explain to the board how you arrive at the quote.
" tan has increased our debt ten fold". In my book we are in a better position now than at any time since the 50s. EXCEPT FOR THE COLOR THAT IS.

Danny, in my opinion we are def not in a better position regarding finances until Tan changes the debt to equity as promised, just wait for the latest accounts to be revealed, not good showing I have heard.

Not seen the accounts but been told that the year ending 2014 will show a profit of 10 million , l have heard since 62 claims its 12 million?. I agree Annis that D to E will be a position we all want as well as blue. My personal point is besides the color (big bollock)
Were generally in good hands financially, and a lot better than others.

How do you know that the accounts ending 2014 will show a profit of £10m when we are only in the 5th month of 2014?

Also it has been stated numerous times that Tan is putting somewhere between £1m-£3m per month to keep the club afloat.

Didn't Tan say so much in a recent interview with Walesonline ?

Annis, financial years usually run march to April, I presume the club follows the same? If so the books should be in for auditing and will be released once ratified by the board

Nathan
The accounts for April 2013-April 2014 should be being audited this very moment

Tan is still at this very moment putting up to £3 mill a month, which is madness.

Exactly. So we're not in the 5th month of the 2014 financial year, we've finished it so these people may well be on the button in regards to the 2014 accounts. The next set won't then be till 2015!

annis why are you all of a sudden VERYworried about our debt
surely even you can see our debt will be reduced before we even kick a ball in the championship
player sales income will be massively more than player purchases
out going players wages will be massively bigger than in coming players wages
and we have parachute payments to take into account
our average attendances were not greatly better in the premier league to our gates in our championship winning season
a winning team will bring in the crowds especially with an attacking football playing team rather than a boring defencive hoof ball mentality
I honestly believe we now have the chance to not only go straight back up but we will be more prepared to stay there under ole than we were under milky
also I think our finances will be better than when milky was here
just a shame we are not in blue
imo you should put every effort through this board into getting our blue back and stop trying to justify your backing of milky
your influence regarding our colours and badge imo is vital so channel all your energy /threads in that direction for the good of ccfc (please)

Steve,I've been worried about our debts from day one and I have been going on about it even more since it has increased ten fold under Tan and don't forget his promise 2 years ago.

Apparently the present investment into Cardiff city fc all areas is around 130 million and the app book value would be around
60 million in the stadium and a conservative value of say 30 million for players. (Could be more ) with other related commercial assets to be realised at around to 5 to 10 million. Naming rights , commercial corporate bookings and advertising etc. Hearsay has it we made a profit of 10 million. Assuming these figures are realistic it puts a value on all areas of 105 to 110 million, depends of course how the accounts are concluded to the advantage of the directors for tax purposes, or to the Club/Tan if the club was for sale. If my memory serves me correctly when tan took over we were app 80 million in debt inc Hammans and the taxmans debt, with assets of app. 50million leaving us with an overall deficit of 30 million. Which is almost the same as now. we have neither Hamman, taxman, or any imediate creditors at the moment . Can you please explain to the board how you arrive at the quote.
" tan has increased our debt ten fold". In my book we are in a better position now than at any time since the 50s. EXCEPT FOR THE COLOR THAT IS.

Danny, in my opinion we are def not in a better position regarding finances until Tan changes the debt to equity as promised, just wait for the latest accounts to be revealed, not good showing I have heard.

Not seen the accounts but been told that the year ending 2014 will show a profit of 10 million , l have heard since 62 claims its 12 million?. I agree Annis that D to E will be a position we all want as well as blue. My personal point is besides the color (big bollock)
Were generally in good hands financially, and a lot better than others.

How do you know that the accounts ending 2014 will show a profit of £10m when we are only in the 5th month of 2014?

Also it has been stated numerous times that Tan is putting somewhere between £1m-£3m per month to keep the club afloat.

Didn't Tan say so much in a recent interview with Walesonline ?

Annis, financial years usually run march to April, I presume the club follows the same? If so the books should be in for auditing and will be released once ratified by the board

Nathan
The accounts for April 2013-April 2014 should be being audited this very moment

Tan is still at this very moment putting up to £3 mill a month, which is madness.

The CEO and Chairman have both stated in the last few months that the accounts will show an operating profit of £12 million for 2013-2014, so we shall see how true that is soon enough

2004–05 Sunderland Wigan Athletic West Ham United
2005–06 Reading Sheffield United Watford
2006–07 Sunderland Birmingham City Derby County
2007–08 West Bromwich Albion Stoke City Hull City
2008–09 Wolverhampton Wanderers Birmingham City Burnley
2009–10 Newcastle United West Bromwich Albion Blackpool
2010–11 Queens Park Rangers Norwich City Swansea City
2011–12 Reading Southampton West Ham United
2012–13 Cardiff City Hull City Crystal Palace
2013–14 Leicester City Burnley Queens Park Rangers

That's a list of sides that were promoted into the PL from the championship in the last 10 years.If you go through that list you'll see that almost every team had a manager who had worked in the Championship before and knew the league well.

annis why are you all of a sudden VERYworried about our debt
surely even you can see our debt will be reduced before we even kick a ball in the championship
player sales income will be massively more than player purchases
out going players wages will be massively bigger than in coming players wages
and we have parachute payments to take into account
our average attendances were not greatly better in the premier league to our gates in our championship winning season
a winning team will bring in the crowds especially with an attacking football playing team rather than a boring defencive hoof ball mentality
I honestly believe we now have the chance to not only go straight back up but we will be more prepared to stay there under ole than we were under milky
also I think our finances will be better than when milky was here
just a shame we are not in blue
imo you should put every effort through this board into getting our blue back and stop trying to justify your backing of milky
your influence regarding our colours and badge imo is vital so channel all your energy /threads in that direction for the good of ccfc (please)

Steve,I've been worried about our debts from day one and I have been going on about it even more since it has increased ten fold under Tan and don't forget his promise 2 years ago.

Apparently the present investment into Cardiff city fc all areas is around 130 million and the app book value would be around
60 million in the stadium and a conservative value of say 30 million for players. (Could be more ) with other related commercial assets to be realised at around to 5 to 10 million. Naming rights , commercial corporate bookings and advertising etc. Hearsay has it we made a profit of 10 million. Assuming these figures are realistic it puts a value on all areas of 105 to 110 million, depends of course how the accounts are concluded to the advantage of the directors for tax purposes, or to the Club/Tan if the club was for sale. If my memory serves me correctly when tan took over we were app 80 million in debt inc Hammans and the taxmans debt, with assets of app. 50million leaving us with an overall deficit of 30 million. Which is almost the same as now. we have neither Hamman, taxman, or any imediate creditors at the moment . Can you please explain to the board how you arrive at the quote.
" tan has increased our debt ten fold". In my book we are in a better position now than at any time since the 50s. EXCEPT FOR THE COLOR THAT IS.

Danny, in my opinion we are def not in a better position regarding finances until Tan changes the debt to equity as promised, just wait for the latest accounts to be revealed, not good showing I have heard.

Not seen the accounts but been told that the year ending 2014 will show a profit of 10 million , l have heard since 62 claims its 12 million?. I agree Annis that D to E will be a position we all want as well as blue. My personal point is besides the color (big bollock)
Were generally in good hands financially, and a lot better than others.

How do you know that the accounts ending 2014 will show a profit of £10m when we are only in the 5th month of 2014?

Also it has been stated numerous times that Tan is putting somewhere between £1m-£3m per month to keep the club afloat.

Didn't Tan say so much in a recent interview with Walesonline ?

Annis, financial years usually run march to April, I presume the club follows the same? If so the books should be in for auditing and will be released once ratified by the board

Nathan
The accounts for April 2013-April 2014 should be being audited this very moment

Tan is still at this very moment putting up to £3 mill a month, which is madness.

The CEO and Chairman have both stated in the last few months that the accounts will show an operating profit of £12 million for 2013-2014, so we shall see how true that is soon enough

If they are telling the truth,then why is Tan stating he is having to pay Millions in to the club monthly to keep us going.

If the club was being run properly then it should show a profit after all the money we have received.

So either the CEO/Chairmanship lying or Tan is?

2004–05 Sunderland Wigan Athletic West Ham United
2005–06 Reading Sheffield United Watford
2006–07 Sunderland Birmingham City Derby County
2007–08 West Bromwich Albion Stoke City Hull City
2008–09 Wolverhampton Wanderers Birmingham City Burnley
2009–10 Newcastle United West Bromwich Albion Blackpool
2010–11 Queens Park Rangers Norwich City Swansea City
2011–12 Reading Southampton West Ham United
2012–13 Cardiff City Hull City Crystal Palace
2013–14 Leicester City Burnley Queens Park Rangers

That's a list of sides that were promoted into the PL from the championship in the last 10 years.If you go through that list you'll see that almost every team had a manager who had worked in the Championship before and knew the league well.

Cheers worth reading and noting

The accounts won't lie, they can't, so we will see. So how are we 5 months into the 2014 financial year then annis?

The accounts won't lie, they can't, so we will see. So how are we 5 months into the 2014 financial year then annis?

Nat, read what Danny said,he said the accounts from the year ending 2014 would show a profit, I was correcting him

viewtopic.php?f=2&t=142227&start=60#p1499295

The accounts won't lie, they can't, so we will see. So how are we 5 months into the 2014 financial year then annis?

Nat, read what Danny said,he said the accounts from the year ending 2014 would show a profit, I was correcting him

viewtopic.php?f=2&t=142227&start=60#p1499295

I still don't get hours you're correcting him as we're not 5 months in to the 2014 year, the 2014 year is over as Danny Blue is suggesting

The accounts won't lie, they can't, so we will see. So how are we 5 months into the 2014 financial year then annis?

Nat, read what Danny said,he sad the accounts from the year ending 2014 would show a profit, I was correcting him

Annis the accounts I refer to are the trading loss and profits for 2013 - 14 ending March gone.
The figure of 10 million profit is a figure the club seem to think will be that years profit. Some are indicating more. Since 62 says more like 12 million? . To confirm I refer to end of financial year 2024 . I trust that's clear.
viewtopic.php?f=2&t=142227&start=60#p1499295

The accounts won't lie, they can't, so we will see. So how are we 5 months into the 2014 financial year then annis?

Nat, read what Danny said,he sad the accounts from the year ending 2014 would show a profit, I was correcting him

Annis the accounts I refer to are the trading loss and profits for 2013 - 14 ending March gone.
The figure of 10 million profit is a figure the club seem to think will be that years profit. Some are indicating more. Since 62 says more like 12 million? . To confirm I refer to end of financial year 2024 . I trust that's clear.
viewtopic.php?f=2&t=142227&start=60#p1499295

Cheers Danny

But my point is, if City are finally making a profit,which really they should of with all the money coming in, how can Tan say he is still having to put in Millions each month. Which if they had made a profit,then Tan is telling more lies.

I've been told by many at the club, that Tan reminds them that he is still keeping the club going with his own personal money.

The accounts will be interesting reading

The accounts won't lie, they can't, so we will see. So how are we 5 months into the 2014 financial year then annis?

Nat, read what Danny said,he sad the accounts from the year ending 2014 would show a profit, I was correcting him

Annis the accounts I refer to are the trading loss and profits for 2013 - 14 ending March gone.
The figure of 10 million profit is a figure the club seem to think will be that years profit. Some are indicating more. Since 62 says more like 12 million? . To confirm I refer to end of financial year 2024 . I trust that's clear.
viewtopic.php?f=2&t=142227&start=60#p1499295

Thanks Danny, that's exactly what I thought you were saying so don't know why Annis has said we're 5 month into 2014 financial year as we're not

But my point is, if City are finally making a profit,which really they should of with all the money coming in, how can Tan say he is still having to put in Millions each month. Which if they had made a profit,then Tan is telling more lies.

Agreed. He said it himself that he is still pouring money in.... So which one is fibbing?

But my point is, if City are finally making a profit,which really they should of with all the money coming in, how can Tan say he is still having to put in Millions each month. Which if they had made a profit,then Tan is telling more lies.

Agreed. He said it himself that he is still pouring money in.... So which one is fibbing?

Barry, the accounts can't and won't lie. They're submitted to Companies house and are legal documents. If the accountant lies it is not worth their reputation let alone the legal ramifications.

Barry, the accounts can't and won't lie. They're submitted to Companies house and are legal documents. If the accountant lies it is not worth their reputation let alone the legal ramifications.

Where have I suggested that they would lie?!

Either the club lied about profit, or Tan lied about still having to pour money in every month.

Barry, the accounts can't and won't lie. They're submitted to Companies house and are legal documents. If the accountant lies it is not worth their reputation let alone the legal ramifications.

Where have I suggested that they would lie?!

Either the club lied about profit, or Tan lied about still having to pour money in every month.

It's like this Barry. You have to pay for protection in the schoolyard every Friday. But you only get your allowance on Mondays.
Somehow you need to cover running cost in advance, or else you get beat up, so you borrow money from you friend Fred through the weekend. Not that hard really

TV money is payed in installments so VT has to cover running costs inbetween id imagine. Could be wrong

Barry, the accounts can't and won't lie. They're submitted to Companies house and are legal documents. If the accountant lies it is not worth their reputation let alone the legal ramifications.

Where have I suggested that they would lie?!

Either the club lied about profit, or Tan lied about still having to pour money in every month.

Was going to type a response but really can't be bothered

2004–05 Sunderland Wigan Athletic West Ham United
2005–06 Reading Sheffield United Watford
2006–07 Sunderland Birmingham City Derby County
2007–08 West Bromwich Albion Stoke City Hull City
2008–09 Wolverhampton Wanderers Birmingham City Burnley
2009–10 Newcastle United West Bromwich Albion Blackpool
2010–11 Queens Park Rangers Norwich City Swansea City
2011–12 Reading Southampton West Ham United
2012–13 Cardiff City Hull City Crystal Palace
2013–14 Leicester City Burnley Queens Park Rangers

That's a list of sides that were promoted into the PL from the championship in the last 10 years.If you go through that list you'll see that almost every team had a manager who had worked in the Championship before and knew the league well.

Can't see one team that had an unproven manager that hadn't had any experience in championship. However there are exceptions to every rule and Vincent tan knows what he's doing honest

Barry, the accounts can't and won't lie. They're submitted to Companies house and are legal documents. If the accountant lies it is not worth their reputation let alone the legal ramifications.

Where have I suggested that they would lie?!

Either the club lied about profit, or Tan lied about still having to pour money in every month.

Was going to type a response but really can't be bothered

Barry profit or loss on the years trading has nothing to do with investment that increases assets. The millions spent on the premier league standard gantry, press and media facilities, advertising electronics new stand etc.
All had to be paid for . The 10- 12 million profit if true wouldn't cover that. The profit remains profit and the assets would be covered by Tans loans. Hope this helps. Some of the new stand costs would be in the 2013-14 accounts.

So it's not profit at all then.

So it's not profit at all then.

Of course it is profit if the monies in are more than costs out and all expenses accounted for.
Such things as the new stand add to the book value and therefore assets which have certain tax benefits. These are clearly shown in the computation of accounts. Accounts and profit and loss although connected are two separate
Sets of figures.

Barry, the accounts can't and won't lie. They're submitted to Companies house and are legal documents. If the accountant lies it is not worth their reputation let alone the legal ramifications.

Where have I suggested that they would lie?!

Either the club lied about profit, or Tan lied about still having to pour money in every month.

Was going to type a response but really can't be bothered

Barry profit or loss on the years trading has nothing to do with investment that increases assets. The millions spent on the premier league standard gantry, press and media facilities, advertising electronics new stand etc.
All had to be paid for . The 10- 12 million profit if true wouldn't cover that. The profit remains profit and the assets would be covered by Tans loans. Hope this helps. Some of the new stand costs would be in the 2013-14 accounts.

Just ignore him Danny. If you prove him wrong (as constantly and consistently happens) he just picks up on some obscure point in order to detract and then troll. As you can see above, he mentions I stated that he is saying that the accounts will lie, I've not said anything of the sort but it just helps this general nuisance to detract from the main point in hand because he's losing badly!

Just ignore him Danny. If you prove him wrong (as constantly and consistently happens) he just picks up on some obscure point in order to detract and then troll. As you can see above, he mentions I stated that he is saying that the accounts will lie, I've not said anything of the sort but it just helps this general nuisance to detract from the main point in hand because he's losing badly!

Says the guy who ignores anything when challenged.

Just ignore him Danny. If you prove him wrong (as constantly and consistently happens) he just picks up on some obscure point in order to detract and then troll. As you can see above, he mentions I stated that he is saying that the accounts will lie, I've not said anything of the sort but it just helps this general nuisance to detract from the main point in hand because he's losing badly!

Says the guy who ignores anything when challenged.

See what I mean Danny!

Barry, the accounts can't and won't lie. They're submitted to Companies house and are legal documents. If the accountant lies it is not worth their reputation let alone the legal ramifications.

Where have I suggested that they would lie?!

Either the club lied about profit, or Tan lied about still having to pour money in every month.

Was going to type a response but really can't be bothered

Barry profit or loss on the years trading has nothing to do with investment that increases assets. The millions spent on the premier league standard gantry, press and media facilities, advertising electronics new stand etc.
All had to be paid for . The 10- 12 million profit if true wouldn't cover that. The profit remains profit and the assets would be covered by Tans loans. Hope this helps. Some of the new stand costs would be in the 2013-14 accounts.

Just ignore him Danny. If you prove him wrong (as constantly and consistently happens) he just picks up on some obscure point in order to detract and then troll. As you can see above, he mentions I stated that he is saying that the accounts will lie, I've not said anything of the sort but it just helps this general nuisance to detract from the main point in hand because he's losing badly!

Take your point Nat just thought I'd attempt to enlighten him perhaps my points have confused more than helped.

Of course it is profit if the monies in are more than costs out and all expenses accounted for.
Such things as the new stand add to the book value and therefore assets which have certain tax benefits. These are clearly shown in the computation of accounts. Accounts and profit and loss although connected are two separate
Sets of figures.

Yes, but then you are forgetting that the monies in are being helped by Tan's continual investments that he alludes to in interviews. The club is only making this alleged profit, because it is having monthly cash injections loaned to it...

In the long run, that cash is going to need to come out, so a short term profit, but long term a mess. Hence the ridiculous rise in debt.

But if you are happy with a short term success & an alien strip at Cardiff a City in return of these horrific debts, good for you.

Last edited by Barry Chuckle on Thu May 29, 2014 11:49 am, edited 1 time in total.

Barry, the accounts can't and won't lie. They're submitted to Companies house and are legal documents. If the accountant lies it is not worth their reputation let alone the legal ramifications.

Where have I suggested that they would lie?!

Either the club lied about profit, or Tan lied about still having to pour money in every month.

Was going to type a response but really can't be bothered

Barry profit or loss on the years trading has nothing to do with investment that increases assets. The millions spent on the premier league standard gantry, press and media facilities, advertising electronics new stand etc.
All had to be paid for . The 10- 12 million profit if true wouldn't cover that. The profit remains profit and the assets would be covered by Tans loans. Hope this helps. Some of the new stand costs would be in the 2013-14 accounts.

Just ignore him Danny. If you prove him wrong (as constantly and consistently happens) he just picks up on some obscure point in order to detract and then troll. As you can see above, he mentions I stated that he is saying that the accounts will lie, I've not said anything of the sort but it just helps this general nuisance to detract from the main point in hand because he's losing badly!

Take your point Nat just thought I'd attempt to enlighten him perhaps my points have confused more than helped.

You pints are spot on, but I've tried numerous times and then you just get the trolling.

Just ignore him Danny. If you prove him wrong (as constantly and consistently happens) he just picks up on some obscure point in order to detract and then troll. As you can see above, he mentions I stated that he is saying that the accounts will lie, I've not said anything of the sort but it just helps this general nuisance to detract from the main point in hand because he's losing badly!

Says the guy who ignores anything when challenged.

Where is the challenge?

Just ignore him Danny. If you prove him wrong (as constantly and consistently happens) he just picks up on some obscure point in order to detract and then troll. As you can see above, he mentions I stated that he is saying that the accounts will lie, I've not said anything of the sort but it just helps this general nuisance to detract from the main point in hand because he's losing badly!

Says the guy who ignores anything when challenged.

Where is the challenge?

Its like fighting a chocolate tea pot with a hot iron poker.