Cardiff City Forum



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debt to equity.

Mon Apr 15, 2013 10:44 pm

If these new rules come into play in the prem with regard to capping each club on transfers to what each club can afford.

We are over 80 mill in debt and rising so thats us in the shit then .

In my eyes Tan either has to turn debt into equity like he has promised or he has to find new investors to back us .

If WE get promotion what is the score with Langston do we have to pay up and include extra money for a promotion bonus .

Whats the score with it all then anybody no any more detail on this ?

Hope we all enjoy the game tomorrow. :ayatollah:

Re: debt to equity.

Tue Apr 16, 2013 5:56 am

Remember our income will change next season if we go up. We will gain the Sky money over 3 periods which will be worth 90 million plus also whatever new sponsorship will come into the club. Thats the big thing for me is the increase of sponsorship next season. So realisticly we can balance off what we spend next season with our larger income and hopefully pay off some of our debt

Re: debt to equity.

Tue Apr 16, 2013 5:59 am

CjBluebird17 wrote:Remember our income will change next season if we go up. We will gain the Sky money over 3 periods which will be worth 90 million plus also whatever new sponsorship will come into the club. Thats the big thing for me is the increase of sponsorship next season. So realisticly we can balance off what we spend next season with our larger income and hopefully pay off some of our debt


Pie in the sky I'm afraid.

Our wage bill will be close to £40m next year, it will cost us a fortune in payments when we get promoted (bonuses and payments to other clubs triggered by promotion), running costs of the club and then transfers to at least compete.

We will be lucky if we broke even. Look at the figures.

Re: debt to equity.

Tue Apr 16, 2013 6:00 am

I tryed asking carl, annis, gwyn the other day in a same sort of thread only carl replyed saying lets talk about promotion for now, so in other words nobodys arsed about it or wouldnt comment as they either know stuff or dont :lol: :malky:

Re: debt to equity.

Tue Apr 16, 2013 6:03 am

bluebird1977 wrote:I tryed asking carl, annis, gwyn the other day in a same sort of thread only carl replyed saying lets talk about promotion for now, so in other words nobodys arsed about it or wouldnt comment as they either know stuff or dont :lol: :malky:


Ian, it will all be sorted this year, mark my words.

FOR NOW

" THE BLUES ARE GOING UP " " THE BLUES ARE GOING UP " :ayatollah: :ayatollah: :ayatollah:

Re: debt to equity.

Tue Apr 16, 2013 6:19 am

Paxman wrote:
CjBluebird17 wrote:Remember our income will change next season if we go up. We will gain the Sky money over 3 periods which will be worth 90 million plus also whatever new sponsorship will come into the club. Thats the big thing for me is the increase of sponsorship next season. So realisticly we can balance off what we spend next season with our larger income and hopefully pay off some of our debt


Pie in the sky I'm afraid.

Our wage bill will be close to £40m next year, it will cost us a fortune in payments when we get promoted (bonuses and payments to other clubs triggered by promotion), running costs of the club and then transfers to at least compete.

We will be lucky if we broke even. Look at the figures.


You know all the finance of our club then do you? Also I never said we would be debt free, I said our book would be more balanced next season and HOPEFULLY (though very doubtful) pay off some of our debt.

Re: debt to equity.

Tue Apr 16, 2013 6:21 am

CjBluebird17 wrote:
Paxman wrote:
CjBluebird17 wrote:Remember our income will change next season if we go up. We will gain the Sky money over 3 periods which will be worth 90 million plus also whatever new sponsorship will come into the club. Thats the big thing for me is the increase of sponsorship next season. So realisticly we can balance off what we spend next season with our larger income and hopefully pay off some of our debt


Pie in the sky I'm afraid.

Our wage bill will be close to £40m next year, it will cost us a fortune in payments when we get promoted (bonuses and payments to other clubs triggered by promotion), running costs of the club and then transfers to at least compete.

We will be lucky if we broke even. Look at the figures.


You know all the finance of our club then do you? Also I never said we would be debt free, I said our book would be more balanced next season and HOPEFULLY (though very doubtful) pay off some of our debt.


I certainly do yes, information can be got from companies house for a nominal £1 fee.

I'm glad you realise it's doubtful. That's being kind.

Re: debt to equity.

Tue Apr 16, 2013 6:41 am

I think above anything this is the most important thing to sort the long standing club debt out.

If these new rules come out and we dont pay any debt off then we will only be able to spend a limited amount on new players.

Its all good getting promotion but the long standing issues with debt surely have to be sorted out now.