Cardiff City Forum



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WHO ACTUALLY OWNS OUR STADIUM

Thu Jan 26, 2012 11:26 pm

on football manager 2012 the game says cardiff city rent their stadium and do not own it, and to buy it, you have to pay £25m.

so i used the cardiff city football manager error forum and made the statement that we own our stadium and i was told i need to back it up with proof and evidence,

they said that the stadium is owned by Cardiff City Stadium LTD


anyone care to shed some light on the situation


(p,s WHO SIGNED EARNSHAW ? the malaysians cant of known our love for him, malky and jones had already gone so who did sign him)

Re: WHO ACTUALLY OWNS OUR STADIUM

Thu Jan 26, 2012 11:27 pm

bluebird04 wrote:on football manager 2012 the game says cardiff city rent their stadium and do not own it, and to buy it, you have to pay £25m.

so i used the cardiff city football manager error forum and made the statement that we own our stadium and i was told i need to back it up with proof and evidence,

they said that the stadium is owned by Cardiff City Stadium LTD


anyone care to shed some light on the situation


(p,s WHO SIGNED EARNSHAW ? the malaysians cant of known our love for him, malky and jones had already gone so who did sign him)


Cardiff City Stadium LTD

SET UP BY THE RIDDLER :lol:

Re: WHO ACTUALLY OWNS OUR STADIUM

Thu Jan 26, 2012 11:57 pm

If you look in the latest accounts I`m sure we pay rent to Cardiff City Council.
Best double check with Since 62. :ayatollah:

Re: WHO ACTUALLY OWNS OUR STADIUM

Fri Jan 27, 2012 12:03 am

abf9 wrote:If you look in the latest accounts I`m sure we pay rent to Cardiff City Council.
Best double check with Since 62. :ayatollah:


:oops: :lol:

Re: WHO ACTUALLY OWNS OUR STADIUM

Fri Jan 27, 2012 12:33 am

royal mail

Re: WHO ACTUALLY OWNS OUR STADIUM

Fri Jan 27, 2012 3:19 am

abf9 wrote:If you look in the latest accounts I`m sure we pay rent to Cardiff City Council.
Best double check with Since 62. :ayatollah:


Eh?

Re: WHO ACTUALLY OWNS OUR STADIUM

Fri Jan 27, 2012 7:02 am

abf9 wrote:If you look in the latest accounts I`m sure we pay rent to Cardiff City Council.
Best double check with Since 62. :ayatollah:


We pay the council a small amount each year for the land, as that is leasehold over a good few years. I think those payments will go up in a few years time or if we ever reached the premier league.

Cardiff City stadium ltd is a part of Cardiff City Football Club, we own the stadium.

Re: WHO ACTUALLY OWNS OUR STADIUM

Fri Jan 27, 2012 10:09 am

I think it is a Cardiff City subsidiary type of company, so has basically same directors but classed as separate from the football club. May be wrong but in essence is Cardiff City. Many big companies do this, doesn't VT own/part own up to 200 companies in his group of companies?

They then pay a peppercorn rent (very small amount) to the council who "own" the land. The land is leasehold for perhaps 100 years. The club probably got an option to buy the leasehold, as do home owners in the same situation. Council cannot do anything with the land for say 100 years.

Compare to the jerks who do not own anything, land, stadium, car parking etc.

Re: WHO ACTUALLY OWNS OUR STADIUM

Fri Jan 27, 2012 11:44 am

glas wrote:I think it is a Cardiff City subsidiary type of company, so has basically same directors but classed as separate from the football club. May be wrong but in essence is Cardiff City. Many big companies do this, doesn't VT own/part own up to 200 companies in his group of companies?

They then pay a peppercorn rent (very small amount) to the council who "own" the land. The land is leasehold for perhaps 100 years. The club probably got an option to buy the leasehold, as do home owners in the same situation. Council cannot do anything with the land for say 100 years.

Compare to the jerks who do not own anything, land, stadium, car parking etc.



yeah it is because when you go to buy the stadium on FM is cost you £0 :)

Re: WHO ACTUALLY OWNS OUR STADIUM

Fri Jan 27, 2012 11:47 am

I think its Steve Evans - Crawley manager :ayatollah:

Re: WHO ACTUALLY OWNS OUR STADIUM

Fri Jan 27, 2012 5:26 pm

jezzy666 wrote:
glas wrote:I think it is a Cardiff City subsidiary type of company, so has basically same directors but classed as separate from the football club. May be wrong but in essence is Cardiff City. Many big companies do this, doesn't VT own/part own up to 200 companies in his group of companies?

They then pay a peppercorn rent (very small amount) to the council who "own" the land. The land is leasehold for perhaps 100 years. The club probably got an option to buy the leasehold, as do home owners in the same situation. Council cannot do anything with the land for say 100 years.

Compare to the jerks who do not own anything, land, stadium, car parking etc.



yeah it is because when you go to buy the stadium on FM is cost you £0 :)



noo mate, you pay £1 rent on FM, and when you ask the board to buy it, they agree. end of the season it says the club has bought the stadium........if you then look at the finance screen, there is a new £25m loan taken out. dato leaves, and when you start paying the debt off it says "cardiff have began to repay part of the "£25m debt" taken out earlier to fund the purchase of their stadium