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How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 8:47 pm

I'm hearing so many different amounts from so many people, some say it's 150mil and Rob Phillips from Radio Wales says it's 70/80mil, I had a interesting conversation today with somebody from the club and they confirmed that the amount is close to the 80mil. He might be just saying it for the hell of it but I doubt that, so if it is the 80mil that's not as bad as most Cardiff fans thought it was :)

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:03 pm

i think VT said about £70-£80 mill is owed to him in his interview last week.all other debts have been cleared up.

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:08 pm

Arrow wrote:I'm hearing so many different amounts from so many people, some say it's 150mil and Rob Phillips from Radio Wales says it's 70/80mil, I had a interesting conversation today with somebody from the club and they confirmed that the amount is close to the 80mil. He might be just saying it for the hell of it but I doubt that, so if it is the 80mil that's not as bad as most Cardiff fans thought it was :)


Suits some agendas for the debt to be as high as possible. The debt is around 80 million.

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:10 pm

The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:12 pm

Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Were a lot of those debts paid off and only debt owed to Tan now?

His interview said last week debt was at around 80 mill. I would be shocked if he didn't know how much money was owed to him and how much money one of his assets owed out.

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:13 pm

Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Nothing compared to Bolton who do not have a load of parachute payments to come :thumbup:

If we go down that is.

http://www.bbc.co.uk/sport/0/football/25711189

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:16 pm

A block wrote:
Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Were a lot of those debts paid off and only debt owed to Tan now?

His interview said last week debt was at around 80 mill. I would be shocked if he didn't know how much money was owed to him and how much money one of his assets owed out.


I can only tell u what the actual clubs debts are, which were approx £112 Mill nearly a year ago.

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:17 pm

Kenfig Blue wrote:
Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Nothing compared to Bolton who do not have a load of parachute payments to come :thumbup:

If we go down that is.

http://www.bbc.co.uk/sport/0/football/25711189


True, but Tan promised to turn the debt in to equity over 18 months ago and has still not done this, which is sadly a fact.

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:26 pm

Forever Blue wrote:
A block wrote:
Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Were a lot of those debts paid off and only debt owed to Tan now?

His interview said last week debt was at around 80 mill. I would be shocked if he didn't know how much money was owed to him and how much money one of his assets owed out.


I can only tell u what the actual clubs debts are, which were approx £112 Mill nearly a year ago.


So if Tan has paid off the rests of the debts within the last year it would make sense that our debts have reduced.

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:33 pm

A block wrote:
Forever Blue wrote:
A block wrote:
Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Were a lot of those debts paid off and only debt owed to Tan now?

His interview said last week debt was at around 80 mill. I would be shocked if he didn't know how much money was owed to him and how much money one of his assets owed out.


I can only tell u what the actual clubs debts are, which were approx £112 Mill nearly a year ago.


So if Tan has paid off the rests of the debts within the last year it would make sense that our debts have reduced.


Just wait and see the latest accounts, I think we will find the Clubs debts have increased.

When Tan arrived the clubs debts were about £30 mill, now the Clubs debts are about 4 times that, which ever way u try to twist it or say it, its a fact.

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:36 pm

"According to Tan, the club's only outstanding debt is about £70m-£80m owed to him, and he will decide in due course whether or not to convert that into equity."

Not twisting anything just going from what Tan said on the BBC interview.

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:37 pm

A block wrote:
Forever Blue wrote:
A block wrote:
Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Were a lot of those debts paid off and only debt owed to Tan now?

His interview said last week debt was at around 80 mill. I would be shocked if he didn't know how much money was owed to him and how much money one of his assets owed out.


I can only tell u what the actual clubs debts are, which were approx £112 Mill nearly a year ago.


So if Tan has paid off the rests of the debts within the last year it would make sense that our debts have reduced.


No, the debts will simply have trasferred to being owed to Tan instead of someone else.

A bit like transferring the balance on your credit card to another credit card.

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:38 pm

A block wrote:"According to Tan, the club's only outstanding debt is about £70m-£80m owed to him, and he will decide in due course whether or not to convert that into equity."

Not twisting anything just going from what Tan said on the BBC interview.


It sounds like Tan is using the Net debt figure which includes the £50m odd valuation of the stadium rather than the Gross debt which is the actual total amount owed.

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:39 pm

NJ73 wrote:
A block wrote:
Forever Blue wrote:
A block wrote:
Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Were a lot of those debts paid off and only debt owed to Tan now?

His interview said last week debt was at around 80 mill. I would be shocked if he didn't know how much money was owed to him and how much money one of his assets owed out.


I can only tell u what the actual clubs debts are, which were approx £112 Mill nearly a year ago.


So if Tan has paid off the rests of the debts within the last year it would make sense that our debts have reduced.


No, the debts will simply have trasferred to being owed to Tan instead of someone else.

A bit like transferring the balance on your credit card to another credit card.


Again, I may be wrong and correct me if so but did the last accounts published not include money raised from promotion that could have been used to pay some of that debt off?

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:42 pm

A block wrote:
NJ73 wrote:
A block wrote:
Forever Blue wrote:
A block wrote:
Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Were a lot of those debts paid off and only debt owed to Tan now?

His interview said last week debt was at around 80 mill. I would be shocked if he didn't know how much money was owed to him and how much money one of his assets owed out.


I can only tell u what the actual clubs debts are, which were approx £112 Mill nearly a year ago.


So if Tan has paid off the rests of the debts within the last year it would make sense that our debts have reduced.


No, the debts will simply have trasferred to being owed to Tan instead of someone else.

A bit like transferring the balance on your credit card to another credit card.


Again, I may be wrong and correct me if so but did the last accounts published not include money raised from promotion that could have been used to pay some of that debt off?


Possibly but certainly not to the extent that is being claimed by his quote of £70m and in all likelihood the debt will have increased due to the overspending on transfers, increased wages and stadium extension work.

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:44 pm

NJ73 wrote:
A block wrote:
NJ73 wrote:
A block wrote:
Forever Blue wrote:
A block wrote:
Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Were a lot of those debts paid off and only debt owed to Tan now?

His interview said last week debt was at around 80 mill. I would be shocked if he didn't know how much money was owed to him and how much money one of his assets owed out.


I can only tell u what the actual clubs debts are, which were approx £112 Mill nearly a year ago.


So if Tan has paid off the rests of the debts within the last year it would make sense that our debts have reduced.


No, the debts will simply have trasferred to being owed to Tan instead of someone else.

A bit like transferring the balance on your credit card to another credit card.


Again, I may be wrong and correct me if so but did the last accounts published not include money raised from promotion that could have been used to pay some of that debt off?


Possibly but certainly not to the extent that is being claimed by his quote of £70m and in all likelihood the debt will have increased due to the overspending on transfers, increased wages and stadium extension work.


All could potentially have been paid for by the money made through promotion and not Tan himself?

Just playing devils advocate here. Realistically I believe the debts have increased, it's who you choose to believe, Tan himself or people who certain agendas against Tan.

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:44 pm

NJ73 wrote:
A block wrote:
NJ73 wrote:
A block wrote:
Forever Blue wrote:
A block wrote:
Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Were a lot of those debts paid off and only debt owed to Tan now?

His interview said last week debt was at around 80 mill. I would be shocked if he didn't know how much money was owed to him and how much money one of his assets owed out.


I can only tell u what the actual clubs debts are, which were approx £112 Mill nearly a year ago.


So if Tan has paid off the rests of the debts within the last year it would make sense that our debts have reduced.


No, the debts will simply have trasferred to being owed to Tan instead of someone else.

A bit like transferring the balance on your credit card to another credit card.


Again, I may be wrong and correct me if so but did the last accounts published not include money raised from promotion that could have been used to pay some of that debt off?


Possibly but certainly not to the extent that is being claimed by his quote of £70m and in all likelihood the debt will have increased due to the overspending on transfers, increased wages and stadium extension work.


The stadium extension work has been funded apparently, not club money.

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:46 pm

A block wrote:
NJ73 wrote:
A block wrote:
NJ73 wrote:
A block wrote:
Forever Blue wrote:
A block wrote:
Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Were a lot of those debts paid off and only debt owed to Tan now?

His interview said last week debt was at around 80 mill. I would be shocked if he didn't know how much money was owed to him and how much money one of his assets owed out.


I can only tell u what the actual clubs debts are, which were approx £112 Mill nearly a year ago.


So if Tan has paid off the rests of the debts within the last year it would make sense that our debts have reduced.


No, the debts will simply have trasferred to being owed to Tan instead of someone else.

A bit like transferring the balance on your credit card to another credit card.


Again, I may be wrong and correct me if so but did the last accounts published not include money raised from promotion that could have been used to pay some of that debt off?


Possibly but certainly not to the extent that is being claimed by his quote of £70m and in all likelihood the debt will have increased due to the overspending on transfers, increased wages and stadium extension work.


All could potentially have been paid for by the money made through promotion and not Tan himself?

Just playing devils advocate here. Realistically I believe the debts have increased, it's who you choose to believe, Tan himself or people who certain agendas against Tan.


The figures don't add up for me for the debt to have reduced. Obviously nothing can be confirmed until the accounts are released but that isn't for another 11 months or so.

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:47 pm

Kenfig Blue wrote:
NJ73 wrote:
A block wrote:
NJ73 wrote:
A block wrote:
Forever Blue wrote:
A block wrote:
Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Were a lot of those debts paid off and only debt owed to Tan now?

His interview said last week debt was at around 80 mill. I would be shocked if he didn't know how much money was owed to him and how much money one of his assets owed out.


I can only tell u what the actual clubs debts are, which were approx £112 Mill nearly a year ago.


So if Tan has paid off the rests of the debts within the last year it would make sense that our debts have reduced.


No, the debts will simply have trasferred to being owed to Tan instead of someone else.

A bit like transferring the balance on your credit card to another credit card.


Again, I may be wrong and correct me if so but did the last accounts published not include money raised from promotion that could have been used to pay some of that debt off?


Possibly but certainly not to the extent that is being claimed by his quote of £70m and in all likelihood the debt will have increased due to the overspending on transfers, increased wages and stadium extension work.


The stadium extension work has been funded apparently, not club money.


Funded by whom?

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:48 pm

NJ73 wrote:
Kenfig Blue wrote:
NJ73 wrote:
A block wrote:
NJ73 wrote:
A block wrote:
Forever Blue wrote:
A block wrote:
Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Were a lot of those debts paid off and only debt owed to Tan now?

His interview said last week debt was at around 80 mill. I would be shocked if he didn't know how much money was owed to him and how much money one of his assets owed out.


I can only tell u what the actual clubs debts are, which were approx £112 Mill nearly a year ago.


So if Tan has paid off the rests of the debts within the last year it would make sense that our debts have reduced.


No, the debts will simply have trasferred to being owed to Tan instead of someone else.

A bit like transferring the balance on your credit card to another credit card.


Again, I may be wrong and correct me if so but did the last accounts published not include money raised from promotion that could have been used to pay some of that debt off?


Possibly but certainly not to the extent that is being claimed by his quote of £70m and in all likelihood the debt will have increased due to the overspending on transfers, increased wages and stadium extension work.


The stadium extension work has been funded apparently, not club money.


Funded by whom?


There was a thread on it the other day not sure who it was.

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:49 pm

Kenfig Blue wrote:
NJ73 wrote:
Kenfig Blue wrote:
NJ73 wrote:
A block wrote:
NJ73 wrote:
A block wrote:
Forever Blue wrote:
A block wrote:
Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Were a lot of those debts paid off and only debt owed to Tan now?

His interview said last week debt was at around 80 mill. I would be shocked if he didn't know how much money was owed to him and how much money one of his assets owed out.


I can only tell u what the actual clubs debts are, which were approx £112 Mill nearly a year ago.


So if Tan has paid off the rests of the debts within the last year it would make sense that our debts have reduced.


No, the debts will simply have trasferred to being owed to Tan instead of someone else.

A bit like transferring the balance on your credit card to another credit card.


Again, I may be wrong and correct me if so but did the last accounts published not include money raised from promotion that could have been used to pay some of that debt off?


Possibly but certainly not to the extent that is being claimed by his quote of £70m and in all likelihood the debt will have increased due to the overspending on transfers, increased wages and stadium extension work.


The stadium extension work has been funded apparently, not club money.


Funded by whom?


There was a thread on it the other day not sure who it was.


Highly unlikely that an outside contributor would gift money for a stadium expansion but if you find the thread it'd be interesting.

Re: How much debt are Cardiff City actually in ?

Mon Mar 10, 2014 9:50 pm

Kenfig Blue wrote:
NJ73 wrote:
Kenfig Blue wrote:
NJ73 wrote:
A block wrote:
NJ73 wrote:
A block wrote:
Forever Blue wrote:
A block wrote:
Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Were a lot of those debts paid off and only debt owed to Tan now?

His interview said last week debt was at around 80 mill. I would be shocked if he didn't know how much money was owed to him and how much money one of his assets owed out.


I can only tell u what the actual clubs debts are, which were approx £112 Mill nearly a year ago.


So if Tan has paid off the rests of the debts within the last year it would make sense that our debts have reduced.


No, the debts will simply have trasferred to being owed to Tan instead of someone else.

A bit like transferring the balance on your credit card to another credit card.


Again, I may be wrong and correct me if so but did the last accounts published not include money raised from promotion that could have been used to pay some of that debt off?


Possibly but certainly not to the extent that is being claimed by his quote of £70m and in all likelihood the debt will have increased due to the overspending on transfers, increased wages and stadium extension work.


The stadium extension work has been funded apparently, not club money.


Funded by whom?


There was a thread on it the other day not sure who it was.


I saw something on here about UEFA paying for it due to the super cup which is total nonsence or every club in the world will want to host it in return for stadium expansions.

Re: How much debt are Cardiff City actually in ?

Tue Mar 11, 2014 4:40 pm

Kenfig Blue wrote:
NJ73 wrote:
Kenfig Blue wrote:
NJ73 wrote:
A block wrote:
NJ73 wrote:
A block wrote:
Forever Blue wrote:
A block wrote:
Forever Blue wrote:The accounts which are now a nearly a year old, show the club debts approx £112 Mill in debt :o


Were a lot of those debts paid off and only debt owed to Tan now?

His interview said last week debt was at around 80 mill. I would be shocked if he didn't know how much money was owed to him and how much money one of his assets owed out.


I can only tell u what the actual clubs debts are, which were approx £112 Mill nearly a year ago.


So if Tan has paid off the rests of the debts within the last year it would make sense that our debts have reduced.


No, the debts will simply have trasferred to being owed to Tan instead of someone else.

A bit like transferring the balance on your credit card to another credit card.


Again, I may be wrong and correct me if so but did the last accounts published not include money raised from promotion that could have been used to pay some of that debt off?


Possibly but certainly not to the extent that is being claimed by his quote of £70m and in all likelihood the debt will have increased due to the overspending on transfers, increased wages and stadium extension work.


The stadium extension work has been funded apparently, not club money.


Funded by whom?


There was a thread on it the other day not sure who it was.

there was a thread..worth reading for the comedy in it.........what some think is mental