Good luck on the takeover. (2 Viewers)

[kg82]

Never blamed the fans kg My criticism's levelled mainly at the clubs for running themselves so recklessly.

Mine too - how the hell did this debate start! My excuse... sleep deprivation!

 

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[Brighton Sky Blue]

I'll be dead at work haha, oh well!

 

[Johnrambo]

Well gl Cardiff from Denmark also..

 

[covcity4life]

your fault for signing so many big players,im glad you never got promoted last few years

 

[Sky Blue Kid]

covcity4life... I can understand your comment, but look at it from a different angle. At least they gave it a go, yes, they failed, but, as all things in life, if you don't try, you won't win.
The most successful team in British football is, on paper, £1b in debt(Man Utd) but don't see anybody slagging them off, do you?
Chelsea....Abramovich has only "LOANED" money to Chelsea plc. If he ever walks away, Chelsea have to pay every single penny back to him.
Man City and one other team in the lower league are "Debt free"

 

[BurbageSkyBlues]

Once upon a time, when clubs had shareholders, the financial aspects were far more transparent - and the boards were accountable too.

None of us can see the 'hidden' costs of employing advisors, consultants and other senior (non-team) managers/execs at the club, particularly if the accounts are not filed........

 

[Brighton Sky Blue]

SBK-It's short term punts at success which put clubs in the financial mire. When it doesn't work, it sets the club back big time with piles of debt-it's not a sensible way to run a football club. Man Utd's debt was piled on to the club by the Glazers who took out their £700m loan to buy the club; that is where the debt comes from. As a business, United makes big profit every year-so the Glazer debt will eventually be paid off. Man City have bought the title just as Chelski did.

 

[Sky Blue Kid]

SBK-It's short term punts at success which put clubs in the financial mire. When it doesn't work, it sets the club back big time with piles of debt-it's not a sensible way to run a football club. Man Utd's debt was piled on to the club by the Glazers who took out their £700m loan to buy the club; that is where the debt comes from. As a business, United makes big profit every year-so the Glazer debt will eventually be paid off. Man City have bought the title just as Chelski did.

Point taken BSB, but what point is there to football nowadays, if nobody speculates, everything becomes stagnant!
The top 4 will fight it out year after year.....This mould has to be broken, for the sake of football in the future.
I see where you're coming from with "Quick punts" ie Cardiff. What if that "Quick punt" paid off? I could Guarantee Cardiff would have a "Full house" at every home game in the Prem. What does a full house mean?....MONEY!
Re my last post, Abramovich walks away!!! Chelsea are "Dead in the water" As I've already stated, He has only LOANED Chelsea plc money..not given it to them. if things go "Tits up", ALL the money has to be paid back to him.

 

[Sky Blue Kid]

Brightonskyblue....As a business, United makes big profit every year-so the Glazer debt will eventually be paid off. Man City have bought the title just as Chelski did.

Not wishing to be confrontationa mate...but your wrong.
Man utd made a £89m net loss last season, and has been growing every season since "The Glazers" took control. It now stands at well over £1b. If Man utd have a couple of bad seasons, all the asian shirts sales will plummet(A big percentage of income) will be lost.

 

[wingy]

But there is one loan note to be paid off (which is very close to being done) to old Sam Hammam which is £26m, and this £100m investment that has been proposed will be turned in to equity which cannot lead to debt.

When he receives this could you point him in the direction of Garry Hoffman

 

[Brighton Sky Blue]

Brightonskyblue....As a business, United makes big profit every year-so the Glazer debt will eventually be paid off. Man City have bought the title just as Chelski did.

Not wishing to be confrontationa mate...but your wrong.
Man utd made a £89m net loss last season, and has been growing every season since "The Glazers" took control. It now stands at well over £1b. If Man utd have a couple of bad seasons, all the asian shirts sales will plummet(A big percentage of income) will be lost.

Obviously hearing different sources-though I was sure that United run at a profit before loan payments come into it. If I'm wrong I'm wrong, and I accept what you're saying about needing to speculate to accumulate. My point is that in the long run it isn't sustainable-just look where Richardson's 'punt' has us now.

 

[Sky Blue Kid]

Brightonskyblue....As a business, United makes big profit every year-so the Glazer debt will eventually be paid off. Man City have bought the title just as Chelski did.

Not wishing to be confrontationa mate...but your wrong.
Man utd made a £89m net loss last season, and has been growing every season since "The Glazers" took control. It now stands at well over £1b. If Man utd have a couple of bad seasons, all the asian shirts sales will plummet(A big percentage of income) will be lost.

Here is Man utd stat for 2010/11 Across Manchester, United made £286m turnover, more than any other club if Arsenal's property income is discounted – yet the costs and interest on the debts the owners, the Glazer family, have loaded on to the club, pushed United into a losing £79m. As I said BSB, the debt is rising. BTW I thoroughly enjoy the banter with you, you seem a really nice guy

 

[Brighton Sky Blue]

Hopefully you see though that the debt United have is a direct result of the Glazers and not the way the club runs itself! Trust that wasn't sarcastic at the end

 

[Sky Blue Kid]

Hopefully you see though that the debt United have is a direct result of the Glazers and not the way the club runs itself! Trust that wasn't sarcastic at the end

Not at all mate, And "Yes" It's all the Glazers' fault.

 

[Brighton Sky Blue]

Just as our friends at the King Prawn Arena will soon discover, it doesn't matter how rich you are-nobody likes to keep losing money every year. Failure to go up next season and it could be good night Vienna down the M69

 

[Skyblue4u]

I wouldn't say we are in the right direction if i'm honest, we are all over the shop.

We could not survive without further investment so our owners have proposed to;

Invest a further £100 million which would be turned into equity for team strenghtening and couldn't become debt,j
Increasing the stadium capacity from 27,000 to 35,000 by 2013/14.
Build state-of-the-art training facilities and club officials have visited Man City, Utd, Liverpool, Arsenal etc to seek inspiration,
Pay off all existing debts and loan notes.

But all that will cost us changing the club's traditional colours from blue to red (to increase sales in Asia because red is lucky out there and the owner VT believes blue will not get us promoted), a complete change of club crest and nickname from 'the Bluebirds' to 'the Dragons' which is obviously our nation's icon but we will still keep the name 'Cardiff City FC'.

Then a lot of our fans were crying, complaining, burning Malaysian flags, throwing racial abuse towards the owners etc.. because they are changing a 104 year tradition. That has sparked a lot and has forced him to make a U-turn and has confirmed nothing will change next season. So now, the Malaysians are not on our side because of abuse that a certain minority has hurled at them and they have said the club cannot survive without this whole revamp.

On tuesday there is a huge board meeting with the owners and then decisions and compromises will be made.

So what would you rather, A whole revamp similar to that heading in the right direction at the cost of losing the club's identity or heading down potentially into liquidation or administration but keeping all club traditions?

For me it is the future of the club that is important and to head in the right direction you have to make sacrifices. We would still be Cardiff City FC with the revamp and in my heart we would still be the Bluebirds.

I'd paint my cock red and run through Lester naked with a sign on my back saying we "we are related take me now" for half the budget your looking at imp:

 

[Astute]

I'd paint my cock red and run through Lester naked with a sign on my back saying we "we are related take me now" for half the budget your looking at imp:

They don't want to change so are looking at admin as their budget. When do we get to watch your interesting deed?