Clubs Ambition v Financial Stability
Tue Apr 10, 2012 11:06 am
It will be interesting to see the comings and goings over the summer. There is no doubt that the new owners have done a sound job in trying to sort out the clubs finances and there involvement is greatly appreciated particularly if the monthly debt figure is accurate. However you then look at the income from season ticket sales, match day sales and the apparent 3 million from the Carling Cup run. We did get ourselves into a fantastic position in the league at the start of this year but since then we have gone backwards and the lack of new faces took its toll.
Within the last year we have signed the following players for the quoted fees (costs have been taken from a web site):
Turner £660K
Miller £880K
Mason £246,400
Harris £158,400 Total Output: £1,944,800
In the same period we have sold Chopra £1,496,000
Matthews £198,000 Total Income £1,694,000
Clearly the figures quoted are probably being paid/received in instalments. A difference of minus £250,800. I would have thought that the wage bill this year is less than last years with the departures of Bellamy, Chopra, Bothroyd, Burke, all the loan platers, et al. With this in mind it appears that the club are investing little into the team at this time but are trying to reduced the debts. Would you prefer to see more investment into the team or see the club plough its attention into reducing the debts? or maintain a balanced approached as within ther last year ? Either way the City need our support both on and off the pitch.
Within the last year we have signed the following players for the quoted fees (costs have been taken from a web site):
Turner £660K
Miller £880K
Mason £246,400
Harris £158,400 Total Output: £1,944,800
In the same period we have sold Chopra £1,496,000
Matthews £198,000 Total Income £1,694,000
Clearly the figures quoted are probably being paid/received in instalments. A difference of minus £250,800. I would have thought that the wage bill this year is less than last years with the departures of Bellamy, Chopra, Bothroyd, Burke, all the loan platers, et al. With this in mind it appears that the club are investing little into the team at this time but are trying to reduced the debts. Would you prefer to see more investment into the team or see the club plough its attention into reducing the debts? or maintain a balanced approached as within ther last year ? Either way the City need our support both on and off the pitch.
Re: Clubs Ambition v Financial Stability
Tue Apr 10, 2012 11:28 am
Honestly (& this may be a touch controversial!) but I don't care what division I see us in year in year out, as long as I am watching Cardiff City FC, year in year out.
And if you currently asked supporters of the likes of Rangers & Portsmouth to name just two then I am 99.9999999% sure they'd say the same.
So financial stability all day long for me.
With financial stability the ambitions of the club can change if you know you are not going to go under in your goals.
And if you currently asked supporters of the likes of Rangers & Portsmouth to name just two then I am 99.9999999% sure they'd say the same.
So financial stability all day long for me.
With financial stability the ambitions of the club can change if you know you are not going to go under in your goals.
Re: Clubs Ambition v Financial Stability
Tue Apr 10, 2012 1:35 pm
Add up interest on loans plus other players we have bought over years in terms of final payemnts etc , still never got how Malaysians are putting in £1m a month as we also have walk up fans as well .
Should invest tidy in summer but will know by August what ambition cardiff have verses MM choice of player
Should invest tidy in summer but will know by August what ambition cardiff have verses MM choice of player