Somerset_Sam Posted July 23, 2010 Report Share Posted July 23, 2010 It gets better, the rats are leaving the ship http://www.walesonline.co.uk/footballnation/cardiff-city-fc/2010/07/23/chopra-quit-threat-piles-on-misery-for-bluebirds-91466-26912956/ Link to comment Share on other sites More sharing options...
steve39 Posted July 23, 2010 Report Share Posted July 23, 2010 how much longer can they go on, if shef weds can have winding up order why cant cardiff have one Link to comment Share on other sites More sharing options...
22A Posted July 23, 2010 Report Share Posted July 23, 2010 OK then, let's make the best of a bad job. City have their new stadium plans set back. Cardiff have a new stadium, but might not exist in 12 months time. It'd be a trek, but how about Bristol City playing their home games in Cardiff, (well the Welsh rugby team play in red & white look you boyo). Also think of those poor Cardiff fans. Their own club folds and that new stadium is taken over by "that Bristol lot". Link to comment Share on other sites More sharing options...
cornellyreds Posted July 23, 2010 Report Share Posted July 23, 2010 OK then, let's make the best of a bad job. City have their new stadium plans set back. Cardiff have a new stadium, but might not exist in 12 months time. It'd be a trek, but how about Bristol City playing their home games in Cardiff, (well the Welsh rugby team play in red & white look you boyo). Also think of those poor Cardiff fans. Their own club folds and that new stadium is taken over by "that Bristol lot". As I live between cardiff and swansea, that sounds a fabulous idea Link to comment Share on other sites More sharing options...
Guest Posted July 23, 2010 Report Share Posted July 23, 2010 Apparently,accordingly to CCMB, they haven't even paid St Johns Ambulance of late and they are threatening not to do any more games. Oh dear. Link to comment Share on other sites More sharing options...
The Casual Connoisseur Posted July 23, 2010 Report Share Posted July 23, 2010 They owe puma, the caterers, st johns ambulance and the police want payment upfront before a game! Oh and back page of the sw echo is chopra threatens to quit unless finances are sorted out now, good times. Link to comment Share on other sites More sharing options...
Bcfc3660 Posted July 24, 2010 Report Share Posted July 24, 2010 http://cardiff-city....s-and-more.html A Cardiff blog You have to wonder how much longer this calamity of a club will go on Link to comment Share on other sites More sharing options...
Eddie Hitler Posted July 25, 2010 Report Share Posted July 25, 2010 Here we go.. CCHoldings.pdf Thanks Tom. Um. Gasp. I 'm amazed the auditors let through a £25m revaluation of the stadium this year; I also note that their group loss substantially relies upon the sale of fixed assets (note 6, £7m and £6m the last couple of years) and you can only sell those once. Player sales or partial land disposals. If you strip out the revaluation reserve their consolidated balance sheet looks awful: Fixed Assets: £29m Other assets: £4m Total assets: £33m Current liabilities: £37m Long term liabilities: £33m Total liabilities: £70m Net liabilities: £37m And those liabilities are increasing annually at a rate of knots: Operating loss £11m Interest payable £3m Loss before players sales: £14m They're bust. I can't see a way back from that, the Malaysian £6m is a drop in the ocean. Link to comment Share on other sites More sharing options...
Barrs Court Red Posted July 25, 2010 Report Share Posted July 25, 2010 Muhahahahahaah Link to comment Share on other sites More sharing options...
havanatopia Posted July 25, 2010 Report Share Posted July 25, 2010 Thanks Tom. Um. Gasp. I 'm amazed the auditors let through a £25m revaluation of the stadium this year; I also note that their group loss substantially relies upon the sale of fixed assets (note 6, £7m and £6m the last couple of years) and you can only sell those once. Player sales or partial land disposals. If you strip out the revaluation reserve their consolidated balance sheet looks awful: Fixed Assets: £29m Other assets: £4m Total assets: £33m Current liabilities: £37m Long term liabilities: £33m Total liabilities: £70m Net liabilities: £37m And those liabilities are increasing annually at a rate of knots: Operating loss £11m Interest payable £3m Loss before players sales: £14m They're bust. I can't see a way back from that, the Malaysian £6m is a drop in the ocean. nice sum up Eddie. if that story of the malaysians walking away is a true one then they will have to have a fire sale of players even if someone steps into the breach. Having said that a creditor liquidation which needs 75% agreement will cost them a small fortune before they can get their hands on 10-20p in the £.. Hamman, indeed, as the largest creditor, as i understand it perhaps along with HMRC, holds the cards here. Question is.. does he have the stomach to step back in and take the club back? If he wants to try and claw back some of his cash he may have little choice. Link to comment Share on other sites More sharing options...
BCFC_Dan Posted July 26, 2010 Report Share Posted July 26, 2010 Does anybody know how those figures compare with those of Bristol City? The Cardiff figures look frightening but how much better are City's? Before I take too much joy in their demise I'd like to feel confident that we're a world away from that kind of trouble. Link to comment Share on other sites More sharing options...
Barrs Court Red Posted July 27, 2010 Report Share Posted July 27, 2010 Indeed, just look at what happened to Blackpool fans after the play off final. What made it worse, was their "normal" fans seemingly palming it off as a problem "for every club" Link to comment Share on other sites More sharing options...
Barrs Court Red Posted July 27, 2010 Report Share Posted July 27, 2010 People being attacked, families threatend by groups of men - lots of it on Blackpool forums after the event Link to comment Share on other sites More sharing options...
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