Been idly browsing the city website and stumbled across this. There must be quite a few fingers in the pie, but only one shareholder with a stake greater than 10%. Interesting, as I assumed Guy, TG and others would have had bigger holdings than they evidently do. Tan is the man! http://www.cardiffcityfc.co.uk/page/ClubOwnership/0,,10335,00.html Good to see they are making the accounts available as well. http://cardiffcitystadium.co.uk/CCFC Holdings May 2010 financial statements.pdf The next audited accounts should be available soon. Thay should make interesting reading.
I have to be honest here, as an owner of a Ltd company myself, i find it very intrusive that the general public can look at company accounts and also be sold details of the directors etc.
It's published on the CCFC website, so they must be happy to share the information. I assume the club controls the content.
I think all limited companies have to put their accounts into the public domain. Anyone is able to get a copy for a small charge from Companies House.
The extent of the information divulged depends on the size of the business. The smaller the business the less financial information in the public domain. I used to know the criteria for this in a previous life but have long since forgotten and it has probably changed anyway. I believe certain information regarding directors and large percentage share holdings has to be divulged regardless of size.
I totally agree. I was in exactly the same boat before I got rid of my limited companies. Unfortunately it's the price you pay for the limited liabilty indemnity that such companies provide for the directors/owners. If you want virtual anonymity and very restricted info release, just trade as a sole trader. Now there's a frightening prospect in this day and age!
If the club are happy to publish them thats fine, and the clubs choice, however i have been the victim of i.d fraud where the culprits got my info from companies house. I just think people who go around looking at other peoples affairs/accounts are just nosey busy bodies with sweet fa else better to do. We all want our club to be financially sound however some get a right hump about the dividends that are paid to the directors etc, and that is where the green eyed monster appears. rant over.............and Out. .-.-.
The reason a limited companies accounts are open to inspection is primarily to allow the people dealing with that company to calculate the risk involved with that company. The flip side of that coin is anyone who can be bothered can look at how people are doing. We have a family business which is a ltd company, don't really see the issue tbh. From a football club point of view the problem is when the media or other idiots take things out of context to create a story which isn't there at a well run club. If the club isn't being run properly then I don't see how the season ticket holders and other fans knowing is a bad thing.
