Turk, Not wanting to get heavy handed but there has been a complaint about this post. I tend to agree as it is a personal attack on someones mother. Please let's self regulate and keep away from these types of insults in future.
the cat is right taff>>>>>>leave the man alone .......i had rafjack saying he`d dig my mother up 2 fk her a month after she died and the jacks done nothing but back him and say he never said such an insult>>>>>>>fk the jack ****s
who`s the complaint off taff>>>>>it wouldnt be from a jack by any chance>>>>>>>u`ll have another complaint for my last one 2>>>>>>tbh i couldnt a fk
Aber, it was requested by someone who reads these boards. Whether the person concerned is a jack or not is irrelevant. I am aware of the history between yourself and RAFJack but I do not subscribe to the tit for tat approach. The post is still in place for all to see all I request is we do not lower ourselves to the level of some posters and that we self regulate. I appreciate it has been quiet on here of late but that does not mean personal insults to those not involved in a discussion are acceptable.
Getting back on thread. As a business owner myself. I find it very onerous and quite frankly a breach of the data act, that anyone can go to companies house, pay a minimal fee, get all of my personal details and then have a nose around at my accounts. the same goes for Cardiff Cities accounts, just because we are supporters, in my book, does not give us the right to nose around at the accounts and make comment whether you are from Cardiff, Swansea or Timbuktoo. You dont go down your local and buy a pint and then ask the landlord how much he is making out of it do you, its the same principle. This may also sound a little drastic to most, however i wouldnt expect an employed person to understand anything on how to run a business or actually employ people and try to keep them in a job. I think we had massive arguements when last years CCFC accounts were put out there for all and sundry. I think we should take the attitude of, what will be will be, and not to try and understand that the vast majority know **** all about.
i`d be more concerned if my house was at risk than my football club tbh>>>>....<call me selfish like>
ISAW, sorry mate but I can't agree with everything you say. But it is healthy for us to debate this in a reasonable way. From a job in a previous life I know a bit about accounts and their analysis so feel well qualified to comment and raise questions. However, what is publicised is still quite limited other than the emotive headline figures and a bit of background information. The analysis published at the start of the thread was good and made some pertinent points but, as ever, the devil is in the detail, and we don't have access to that. On the other side, as supporters and putting our hard earned cash into the club in one way or another is it not right that we are given access to information such as whatever is publicly available? Over and above that all we can do is make educated or otherwise guesses. The shareholders, however, have their money on the line so are fully entitled to all the detail we don't have. Okay we will and have had some wums on here but in reality they know less than most of us and just react to what gets headlines. The amount of detail and available on file at Companies House depends every much on the size of business, including turnover and profit information. The smaller the business the less detail available.
Must say I think you're right there Bluey, though I've been in the same position as ronny and understand his point. Aber mate - if your house has never been at risk, you've never been in business. I have and it was for a long time. All over now though. Got the house off the hook by ditching the banks and using factoring to fund my work. They can be right bastards themselves mind if you don't keep to the rules of invoice discounting - just as bad as the banks in some ways but without insisting on personal committment. Interesting thread up on the Hull board posted as a result of this one on here. I got involved with it when I took exception to the implication that our owners were getting cold feet. http://www.not606.com/showthread.php/192652-Cardiff-post-losses-of-£13-6m It's a lengthy thread, but have a read from the beginning if you've got the time - seems everyone thinks they're an accountant on there.... I'm not and I admit it, but I've seen a lot of water pass under the bridge of life and I'll stand my personal corner and that of my club any day.
No, DJR, info on private limited companies is filed there too. However, the detail reported is usually substantially less. Its all a bit of a "need to know" basis. Sparks, just labored through your thread with the Hull guys. Despite being a bit long winded there was some interesting stuff there and it also shows that footie fans can be good guys regardless of where they are from and who they support.
to be fair ISAW, a football club is a public institution, and the real owners of the club are the fans, and though it may be someone elses investment, the fans are in every way not customers of a pub or any other business in the analogy you use. if the pubs being run badly and goes bust then you simply go to another, if CCFC goes into admin and worse, as a result of poor management at boardroom level then i wont simply be popping over the border to watch bristol play. the simple fact remains, the club is losing huge amounts of money and the club are totally reliant on a foreign benefactor. now when clubs like QPR did this, i had a pop at htem saying the future of the clubs under threat if you dont get promoted and stay there, and i'm saying the same here.
Swamp, i cannot be bothered to argue with you dude. The real owners are not the fans, it is the investors and share holders, any information should be privy to them and them alone. Yes i am concerned at the amount of debt, but with clever management that can be reduced in a relatively short space of time. Just think if it wasnt for Ridsdale knowledge of how to work the financial institutions we would probably be playing Torquay now.
isaw, i just said that, i know the fans dont own shares in the club but we'll still be turning up decades after tan has passed through the club. its our club, and we have every right to know about, and scrutinise, the way its being run. you say ridsdales dealings stopped us going under, but a better way to look at the situation would be to not overspend and live well beyond your means in the first place. you may be totally at ease letting someone come in and gamble with the clubs future, staking everything on hoping that it'll all be fine when we get to the PL, but the number one priority before anything else, for any owner is to ensure the club will still be in existance tomorrow. tan knows if he pulls the plug then we're in deep ****, and made that known to us with the rebranding fiasco.
In all honesty Swamp what club doesn't overspend? Inflated transfer fees due to the likes of Chelsea and Man City in the premier league, Leicester and ourselves in the championship. We are in a precarious situation with regards to Vincent Tan as he is yet to convert his loan into shares, once that is done we will be in a healthier position. That would also wipe out a large chunk of the debt. Langston is still a pain in the backside and I do not believe any deal will be done as Sam will see a 5 million windfall if we get to the premier league this season. Having said that once that is paid off then I'd suggest we'd see less than 20 million in liabilities. Remember there is the promise to clear all debt with the 100 million investment although that did include the 35 million already invested in the club at that point. When we get to the premier league the ty monies would come rolling in and the sponsorship deal in Asia will pick up. So even though we're not out of the woods yet I think we're heading in the right direction.
