Full statement “ Keith Morgan makes a Statement “

New Years Message From CCFC Supporters'Trust
http://www.ccfctrust.org

On the field, we are all aware that results have not gone well at all, with four consecutive defeats. However, we still remain in third place in the Championship which I think most of us would have been more than happy with at the beginning of the season. Perhaps we were spoiled by the far better than expected start we had, where the team outperformed expectations.

With the current short break from Championship games, hopefully, this will provide the opportunity for the squad to regroup, get more of the current squad back to full match fitness and also supplement our playing strength with a few good signings in the January transfer window. The Championship has been a notoriously difficult division to do well in and this season is not likely to prove any different. However, I personally remain confident (if the January transfer window goes well for us) that we can still challenge for at least a play-off spot at the end of the season.

Off the field, match attendances remain disappointing, which doesn`t help the club`s financial position or give much leeway for investment in new players, and this is unlikely to improve with the Mansfield cup tie. However, you never know we might just win that game then draw a big club at home to attract back the missing fans for one game at least.

Some of you may have read my commentary on the issue of Financial Fair Play (Profitability and Sustainability) before Christmas, following the most recent of the Trust`s regular meetings with the senior management of the club. This remains on ongoing issue and we will continue to monitor the position and discuss it with club officials as appropriate. The next key date is the beginning of March this year when the club has to submit financial information to the football authorities to get agreement to its ongoing compliance with the FFP rules. In addition, the continuation of the owner’s debt to shares also remains on the agenda in discussions.

The Trust remains highly supportive of the efforts being made by the club to remain financially stable with the ongoing support of its owner, particularly in light of the difficulties which the loss of “parachute payments” of up to £15m will bring from next season onwards.

Here's hoping for CCFC success both on and off the field, plus a happy, healthy and prosperous 2018 for Trust members and all other Cardiff City fans.

Why the need for a statement?

Why the need for a statement?

I was reading it thinking the same, more of a facebook post than a statement

What we need is a Statement of intent,,,, lets hope the good work of the first half of the season is carried through.

Why not?

Why the need for a statement?

I was reading it thinking the same, more of a facebook post than a statement

Be interesting what Keith Morgan says regarding your question?

Why the need for a statement?

I was reading it thinking the same, more of a facebook post than a statement

Be interesting what Keith Morgan says regarding your question?

I am asked , as Trust Chair, to issue a statement to Trust members at the start of each season and in the New Year.
What is posted on here is a part of that New Year statement - the full statement also deals with Financial Fair Play, debt to equity position etc.
Keith

Why not?

Agree

I'm not a 'Trust' fan (they only represent themselves and not the majority of supporters) but I respect Keith and it's a statement that I believe is simply trying to calm the furore that seems to be gathering pace in the quiet period after the Xmas fixtures whilst pointing out the positives of a season that, last four games apart, has gone pretty well above expectations

I'm sure Keith will speak for himself eloquently, as he usually does!

Why the need for a statement?

I was reading it thinking the same, more of a facebook post than a statement

Be interesting what Keith Morgan says regarding your question?

There's been numerous posts put out recently by different persons regarding our recent slump, & positivity about the future of our club. I'm just curious about the timing of this latest one.

As for me personally Annis, (& I suspect a lot more supporters) I'm waiting for some positive activity from our club, & no amount of sentiment from any person or any organisation other than from the official Club spokespersons will really make a difference.

No disrespect to Keith, or any one else regarding this.

Why the need for a statement?

I was reading it thinking the same, more of a facebook post than a statement

Be interesting what Keith Morgan says regarding your question?

There's been numerous posts put out recently by different persons regarding our recent slump, & positivity about the future of our club. I'm just curious about the timing of this latest one.

As for me personally Annis, (& I suspect a lot more supporters) I'm waiting for some positive activity from our club, & no amount of sentiment from any person or any organisation other than from the official Club spokespersons will really make a difference.

No disrespect to Keith, or any one else regarding this.

Totally Resoect Your View on that Rick, you can’t beat a Statement from the horses mouth as they say

i enjoy the financial posts made and appreciate the time/effort that must go into this sort of thing.



nothing of great note above though

Why the need for a statement?

I was reading it thinking the same, more of a facebook post than a statement

Be interesting what Keith Morgan says regarding your question?

There's been numerous posts put out recently by different persons regarding our recent slump, & positivity about the future of our club. I'm just curious about the timing of this latest one.

As for me personally Annis, (& I suspect a lot more supporters) I'm waiting for some positive activity from our club, & no amount of sentiment from any person or any organisation other than from the official Club spokespersons will really make a difference.

No disrespect to Keith, or any one else regarding this.

Rick

There is no disrespect in your comments at all.

You are quite right in saying that the only actions and words that actually matter are those direct from the senior people at the club itself. We all indulge in opinions and comments as fans , but only they know what is really happening. That is why there was a slight delay in issuing my comments before Christmas about FFP and the need for the club to continue to control its finances - I wanted direct confirmation from Ken Choo and (via Ken) Vincent Tan on some facts before doing so.

As for today`s quote , as I mention above , this was just a standard New Year message that the rest of the Trust board ask me to issue as a follow up from the beginning of season one. The full statement is on the Trust website (and possibly now also on Mike Morris` message board) - the one posted at the top of this thread is a very limited/edited one and only a small part of the full statement. Perhaps the mods here could either post it in full or provide the link to the original so people can read the whole thing which might then make more sense to readers.

Cheers

Keith

We have hit the buffers big time. Every one knows we need to freshen thing up & strengthen the squad. Vincent Tan has been to the last three games, when was the last time he did that?

Neil Warnock said at a recent interview (recorded on i player), that he has two or three players lined up,,, but I also recall the need to move players on as well. Could this be the issue, & stumbling block?

Why the need for a statement?

I was reading it thinking the same, more of a facebook post than a statement

Be interesting what Keith Morgan says regarding your question?

I am asked , as Trust Chair, to issue a statement to Trust members at the start of each season and in the New Year.
What is posted on here is a part of that New Year statement - the full statement also deals with Financial Fair Play, debt to equity position etc.
Keith

Makes sense, be interesting to read the full statement

Why the need for a statement?

I was reading it thinking the same, more of a facebook post than a statement

Be interesting what Keith Morgan says regarding your question?

There's been numerous posts put out recently by different persons regarding our recent slump, & positivity about the future of our club. I'm just curious about the timing of this latest one.

As for me personally Annis, (& I suspect a lot more supporters) I'm waiting for some positive activity from our club, & no amount of sentiment from any person or any organisation other than from the official Club spokespersons will really make a difference.

No disrespect to Keith, or any one else regarding this.

Rick

There is no disrespect in your comments at all.

You are quite right in saying that the only actions and words that actually matter are those direct from the senior people at the club itself. We all indulge in opinions and comments as fans , but only they know what is really happening. That is why there was a slight delay in issuing my comments before Christmas about FFP and the need for the club to continue to control its finances - I wanted direct confirmation from Ken Choo and (via Ken) Vincent Tan on some facts before doing so.

As for today`s quote , as I mention above , this was just a standard New Year message that the rest of the Trust board ask me to issue as a follow up from the beginning of season one. The full statement is on the Trust website (and possibly now also on Mike Morris` message board) - the one posted at the top of this thread is a very limited/edited one and only a small part of the full statement. Perhaps the mods here could either post it in full or provide the link to the original so people can read the whole thing which might then make more sense to readers.

Cheers

Keith

Its no big deal Keith, & I have always respected your Financial Knowledge, information, and judgements regarding matters & affairs concerning Cardiff City AFC over the years.

As I posted a moment ago, I think most fans are waiting for thing to happen that will have a direct impact on the playing squad & hopefully positive results on the pitch. All this reminds me of Dave Jones second season, when after leading the league & playing some of the best football in memory, we just ran out of steam, & limped on without a whimper to the end of the season.

Why the need for a statement?

I was reading it thinking the same, more of a facebook post than a statement

Be interesting what Keith Morgan says regarding your question?

There's been numerous posts put out recently by different persons regarding our recent slump, & positivity about the future of our club. I'm just curious about the timing of this latest one.

As for me personally Annis, (& I suspect a lot more supporters) I'm waiting for some positive activity from our club, & no amount of sentiment from any person or any organisation other than from the official Club spokespersons will really make a difference.

No disrespect to Keith, or any one else regarding this.

Rick

There is no disrespect in your comments at all.

You are quite right in saying that the only actions and words that actually matter are those direct from the senior people at the club itself. We all indulge in opinions and comments as fans , but only they know what is really happening. That is why there was a slight delay in issuing my comments before Christmas about FFP and the need for the club to continue to control its finances - I wanted direct confirmation from Ken Choo and (via Ken) Vincent Tan on some facts before doing so.

As for today`s quote , as I mention above , this was just a standard New Year message that the rest of the Trust board ask me to issue as a follow up from the beginning of season one. The full statement is on the Trust website (and possibly now also on Mike Morris` message board) - the one posted at the top of this thread is a very limited/edited one and only a small part of the full statement. Perhaps the mods here could either post it in full or provide the link to the original so people can read the whole thing which might then make more sense to readers.

Cheers

Keith

Its no big deal Keith, & I have always respected your Financial Knowledge, information, and judgements regarding matters & affairs concerning Cardiff City AFC over the years.

As I posted a moment ago, I think most fans are waiting for thing to happen that will have a direct impact on the playing squad & hopefully positive results on the pitch. All this reminds me of Dave Jones second season, when after leading the league & playing some of the best football in memory, we just ran out of steam, & limped on without a whimper to the end of the season.

We definitely need to freshen up and improve the team , even taking into account current players getting back to full fitness , or we run the risk of falling out of even a play -off challenge. The manager , the CEO and the owner all seem fully aware of this and are working together to come up with a viable solution.

Much has been done already this season to further reduce the wage bill to help with this with loan transfers out making a contribution (plus the permanent transfer of Declan John) but I personally believe (opinion not fact!) that there may be a need to get others out this month , either permanently or on loan , to create the funds necessary to get good quality in. With players getting back to fitness , I feel we now have enough numbers in the squad but I fear we don`t have that bit of quality , especially in midfield, to make us challengers again for the rest of the season. We need proven quality players (one or two would do it if they are the right ones) rather than go for the cheaper unproven ones again from lower divisions.

Keith

Why the need for a statement?

I was reading it thinking the same, more of a facebook post than a statement

Be interesting what Keith Morgan says regarding your question?

I am asked , as Trust Chair, to issue a statement to Trust members at the start of each season and in the New Year.
What is posted on here is a part of that New Year statement - the full statement also deals with Financial Fair Play, debt to equity position etc.
Keith

Makes sense, be interesting to read the full statement

It is on both the Trust website and Mike Morris` board. It was also available to post on here in full , so not sure why only a greatly reduced version was put on. I am far from being an expert on these things , but I would have thought it would have been easier to cut and paste the full thing rather than a few selected lines.

Why the need for a statement?

Damned if you do damned if you don't, personally glad to see this and hope the Trust will become more visible to the supporter base.

Feel much better after reading that crap

If a statement came from NW/VT/MD/KC it would be more credible and worthwhile

Why the need for a statement?

I was reading it thinking the same, more of a facebook post than a statement

Be interesting what Keith Morgan says regarding your question?

There's been numerous posts put out recently by different persons regarding our recent slump, & positivity about the future of our club. I'm just curious about the timing of this latest one.

As for me personally Annis, (& I suspect a lot more supporters) I'm waiting for some positive activity from our club, & no amount of sentiment from any person or any organisation other than from the official Club spokespersons will really make a difference.

No disrespect to Keith, or any one else regarding this.

Rick

There is no disrespect in your comments at all.

You are quite right in saying that the only actions and words that actually matter are those direct from the senior people at the club itself. We all indulge in opinions and comments as fans , but only they know what is really happening. That is why there was a slight delay in issuing my comments before Christmas about FFP and the need for the club to continue to control its finances - I wanted direct confirmation from Ken Choo and (via Ken) Vincent Tan on some facts before doing so.

As for today`s quote , as I mention above , this was just a standard New Year message that the rest of the Trust board ask me to issue as a follow up from the beginning of season one. The full statement is on the Trust website (and possibly now also on Mike Morris` message board) - the one posted at the top of this thread is a very limited/edited one and only a small part of the full statement. Perhaps the mods here could either post it in full or provide the link to the original so people can read the whole thing which might then make more sense to readers.

Cheers

Keith

Its no big deal Keith, & I have always respected your Financial Knowledge, information, and judgements regarding matters & affairs concerning Cardiff City AFC over the years.

As I posted a moment ago, I think most fans are waiting for thing to happen that will have a direct impact on the playing squad & hopefully positive results on the pitch. All this reminds me of Dave Jones second season, when after leading the league & playing some of the best football in memory, we just ran out of steam, & limped on without a whimper to the end of the season.

We definitely need to freshen up and improve the team , even taking into account current players getting back to full fitness , or we run the risk of falling out of even a play -off challenge. The manager , the CEO and the owner all seem fully aware of this and are working together to come up with a viable solution.

Much has been done already this season to further reduce the wage bill to help with this with loan transfers out making a contribution (plus the permanent transfer of Declan John) but I personally believe (opinion not fact!) that there may be a need to get others out this month , either permanently or on loan , to create the funds necessary to get good quality in. With players getting back to fitness , I feel we now have enough numbers in the squad but I fear we don`t have that bit of quality , especially in midfield, to make us challengers again for the rest of the season. We need proven quality players (one or two would do it if they are the right ones) rather than go for the cheaper unproven ones again from lower divisions.

Keith

I have the same opinion. I think at this stage of the season with the pressure mounting, we need proven players rather than taking a gamble with those who have never performed at this level. Sometimes players can make the step up, but as we have seen with the likes of Doyle, that is not always the case. With things so tight at the top, and not a massive amount of points between automatic promotion and not even being in a play off place, not sure if this would be a good time to take a punt on unproven players. I suppose finances will play a big part in this decision.

The message in full:

New Years Message From CCFC Supporters'Trust
http://www.ccfctrust.org

On the field, we are all aware that results have not gone well at all, with four consecutive defeats. However, we still remain in third place in the Championship which I think most of us would have been more than happy with at the beginning of the season. Perhaps we were spoiled by the far better than expected start we had, where the team outperformed expectations.

With the current short break from Championship games, hopefully, this will provide the opportunity for the squad to regroup, get more of the current squad back to full match fitness and also supplement our playing strength with a few good signings in the January transfer window. The Championship has been a notoriously difficult division to do well in and this season is not likely to prove any different. However, I personally remain confident (if the January transfer window goes well for us) that we can still challenge for at least a play-off spot at the end of the season.

Off the field, match attendances remain disappointing, which doesn`t help the club`s financial position or give much leeway for investment in new players, and this is unlikely to improve with the Mansfield cup tie. However, you never know we might just win that game then draw a big club at home to attract back the missing fans for one game at least.

Some of you may have read my commentary on the issue of Financial Fair Play (Profitability and Sustainability) before Christmas, following the most recent of the Trust`s regular meetings with the senior management of the club. This remains on ongoing issue and we will continue to monitor the position and discuss it with club officials as appropriate. The next key date is the beginning of March this year when the club has to submit financial information to the football authorities to get agreement to its ongoing compliance with the FFP rules. In addition, the continuation of the owner’s debt to shares also remains on the agenda in discussions.

The Trust remains highly supportive of the efforts being made by the club to remain financially stable with the ongoing support of its owner, particularly in light of the difficulties which the loss of “parachute payments” of up to £15m will bring from next season onwards.

Here's hoping for CCFC success both on and off the field, plus a happy, healthy and prosperous 2018 for Trust members and all other Cardiff City fans.

Thanks for going to this effort Keith.

As for those who knock what you are doing ( free of charge in your own time), then that disgusts me.

Plenty like to sit and talk about the club but only a few actually get of their backsides and try to make things happen.

These people - not just yourself and the rest of the guys in the trusts, but the people who set up message boards and run transport deserve a bit more respect.

Anyway, a question for you... you say the effect of losing the parachute payment could be £15m. I thought we were only getting appx £8m this year. So what's the thinking behind the £15m figure ?

Not sure why people are so worked up about it.

The Trust often make statements and are normally made a sticky on here.

A statement doesn’t need to bring huge breaking news. Organisations make all sorts of statements, more often than not they don’t have big news in them.

Chris aka Sven has posted the full statement on this topic for those who want to read it.

Not sure why people are so worked up about it.

The Trust often make statements and are normally made a sticky on here.

A statement doesn’t need to bring huge breaking news. Organisations make all sorts of statements, more often than not they don’t have big news in them.

Chris aka Sven has posted the full statement on this topic for those who want to read it.

Ned

The point was that Annis' initial post gave the impression that the brief extract he posted was the full statement. As an extract it didn't give much idea of what the full statement was about or the context in which it was issued.That caused some confusion and misunderstandings by readers of the post.

Thanks for going to this effort Keith.

As for those who knock what you are doing ( free of charge in your own time), then that disgusts me.

Plenty like to sit and talk about the club but only a few actually get of their backsides and try to make things happen.

These people - not just yourself and the rest of the guys in the trusts, but the people who set up message boards and run transport deserve a bit more respect.

Anyway, a question for you... you say the effect of losing the parachute payment could be £15m. I thought we were only getting appx £8m this year. So what's the thinking behind the £15m figure ?

Tim

There are changes, seemingly every year, to the calculation of these parachute payments. Depends on the Sky deal value in the Premier but also which teams get promoted from the Championship or are in receipt of parachute payments ( who don't get the £4m a season of so called Solidarity Payments.

This season CCFC got about £16m of parachute payment which they will lose next season, but they will then requalify for the £4m solidarity payment, so a net loss of £12m. The £15m figure is an upside risk if the "wrong" teams get promoted.

Keith

Thanks for going to this effort Keith.

As for those who knock what you are doing ( free of charge in your own time), then that disgusts me.

Plenty like to sit and talk about the club but only a few actually get of their backsides and try to make things happen.

These people - not just yourself and the rest of the guys in the trusts, but the people who set up message boards and run transport deserve a bit more respect.

Anyway, a question for you... you say the effect of losing the parachute payment could be £15m. I thought we were only getting appx £8m this year. So what's the thinking behind the £15m figure ?

Tim

There are changes, seemingly every year, to the calculation of these parachute payments. Depends on the Sky deal value in the Premier but also which teams get promoted from the Championship or are in receipt of parachute payments ( who don't get the £4m a season of so called Solidarity Payments.

This season CCFC got about £16m of parachute payment which they will lose next season, but they will then requalify for the £4m solidarity payment, so a net loss of £12m. The £15m figure is an upside risk if the "wrong" teams get promoted.

Keith

Cheers Keith.

When we went down it was something like £24, £16-&30, £8,£8 if I remember correctly and then it got changed to something like 3 seasons of £20m

So from what you are saying I'm guessing it has increased since.

Do you have figures for what we received in the previous 3 years ( don't go out of your way if it's not to hand- it's not that important)

Thanks for going to this effort Keith.

As for those who knock what you are doing ( free of charge in your own time), then that disgusts me.

Plenty like to sit and talk about the club but only a few actually get of their backsides and try to make things happen.

These people - not just yourself and the rest of the guys in the trusts, but the people who set up message boards and run transport deserve a bit more respect.

Anyway, a question for you... you say the effect of losing the parachute payment could be £15m. I thought we were only getting appx £8m this year. So what's the thinking behind the £15m figure ?

Tim

There are changes, seemingly every year, to the calculation of these parachute payments. Depends on the Sky deal value in the Premier but also which teams get promoted from the Championship or are in receipt of parachute payments ( who don't get the £4m a season of so called Solidarity Payments.

This season CCFC got about £16m of parachute payment which they will lose next season, but they will then requalify for the £4m solidarity payment, so a net loss of £12m. The £15m figure is an upside risk if the "wrong" teams get promoted.

Keith

Cheers Keith.

When we went down it was something like £24, £16-&30, £8,£8 if I remember correctly and then it got changed to something like 3 seasons of £20m

So from what you are saying I'm guessing it has increased since.

Do you have figures for what we received in the previous 3 years ( don't go out of your way if it's not to hand- it's not that important)

Don't have them to hand but am due to speak to the club tomorrow so will ask for the figures then ( they are not disclosed separately in the published accounts)

Not sure why people are so worked up about it.

The Trust often make statements and are normally made a sticky on here.

A statement doesn’t need to bring huge breaking news. Organisations make all sorts of statements, more often than not they don’t have big news in them.

Chris aka Sven has posted the full statement on this topic for those who want to read it.

Ned

The point was that Annis' initial post gave the impression that the brief extract he posted was the full statement. As an extract it didn't give much idea of what the full statement was about or the context in which it was issued.That caused some confusion and misunderstandings by readers of the post.

Keith, that’s a fair point and I believe that we should be totally transparent on everything on here.

So I’ve changed the original post, and put Chris’s post there instead.. which is the full statement.

Thanks for going to this effort Keith.

As for those who knock what you are doing ( free of charge in your own time), then that disgusts me.

Plenty like to sit and talk about the club but only a few actually get of their backsides and try to make things happen.

These people - not just yourself and the rest of the guys in the trusts, but the people who set up message boards and run transport deserve a bit more respect.

Anyway, a question for you... you say the effect of losing the parachute payment could be £15m. I thought we were only getting appx £8m this year. So what's the thinking behind the £15m figure ?

Tim

There are changes, seemingly every year, to the calculation of these parachute payments. Depends on the Sky deal value in the Premier but also which teams get promoted from the Championship or are in receipt of parachute payments ( who don't get the £4m a season of so called Solidarity Payments.

This season CCFC got about £16m of parachute payment which they will lose next season, but they will then requalify for the £4m solidarity payment, so a net loss of £12m. The £15m figure is an upside risk if the "wrong" teams get promoted.

Keith

Cheers Keith.

When we went down it was something like £24, £16-&30, £8,£8 if I remember correctly and then it got changed to something like 3 seasons of £20m

So from what you are saying I'm guessing it has increased since.

Do you have figures for what we received in the previous 3 years ( don't go out of your way if it's not to hand- it's not that important)

Don't have them to hand but am due to speak to the club tomorrow so will ask for the figures then ( they are not disclosed separately in the published accounts)

Cheers Keith,
It's not important, but would be interesting.

Each million we lose off it means 1 quality player that needs replacing with a less costly one.

It will mean things are even more difficult next season than they already are