Apart from being easily beaten again today, and I love the sight of those empty blue seats, news emerges that they made a 12 mill loss last year, whoops things are going down the tubes methinks
Another 12 Million loss! Oh my days, the gamble blew up big time aye!............. please log in to view this image
That puts them in the hole for about £50-60 m quid now ... They are going to go tits up its just a matter of time, best thing reading about their debts was the fact the Malayan owners loaned them money and are charging them a whoppingh 7% in intrest on it!! its not even mates rates!! they have not given a penny of their own cash,just loan notes secured with high intrest!! .. you really couldnt make it up if you tried !! And im pretty sure their flights back and for are charged to the club as well, buisness class of course thats got to be about 5-10k a trip
Think they are well and truly on the road to perdition!............................... please log in to view this image
All unsuccessful roads from Cardiff lead to the Malaysians , not the manager & team . This is a tight , but overly tired team . Time for the Malaysians to think of the team & not just about controlling it .
Sparkey (in his usual sanctimonious way) reckons it was expected and they are on the right track. I wonder. Said before, those Malaysians are speculators and gamblers.
Reading the walesonline it says their total debt stands at .........70m quid !! All that money spent in the chase for prem football and we leave them training in our wake! Not a bad time to be a swans fan is it ?
KJ- only the Cardiff lot see it different! Gambling is a way of life in the far east and i havent seen any of them actually do a good job be it at Birmingham,Blackburn,leicster or Cardiff . All i see Are those clubs ta kong up debt as they chase a prem pay day to cash out. What alot of Cardiff fans dont see is that These people Arnt bothered by the debt, they Get intrest every month and continue to speculate very little with a chance of making a big pay day ,eventually the plug Will be pulled with all debt loaded onto the club, it was the same with sam the man,how much money did he put in and how much went out in " consultancy fees" Head in the sand is the order of the day at the eastern block
I agree, NJ. Not being racist at all - I really like Asia, and Thailand in particular, but 'face' and kudos are everything out there. In other words, prestige. I know this from having Asian friends over here. They also spend half their time in Aspers. We've been saying for ages that those owners don't really care about CCFC, only the perceived glory of owning a Prem Club. The shine may have been taken off by Fernandes (QPR) becoming the first Malaysian to achieve ownership of a Prem football club but they're in it for the thrill of speculation and the glory that will come from actually making it. How long they'll put up with failure in the Championship before they walk is anyone's guess. What I can't understand is how the blueturds were always coming on here saying their troubles were over because they had a billionaire at the helm and yet they still owe so much. Am I missing something?
Our board with it`s consortium of fans involved who truly love our club and would not allow decissions that would jepordise the long term security of this cub, is surely the way forward in the corrupt world of football we are part of. And to not have a multi millionare egotistical self proffiting, wolf dressed in sheeps clothing who has the power to make or break a club as dictator should be a must for fans who have seen thier clubs up and down the years survive all sorts of strokes pulled at thiers and other clubs. We are lucky to be in the former position, but others due to greed and subjugation are not so lucky as some that are and have gone under will testify.
The Malaysians saved the club from admin. That was a big thank you. They have made money available. MM has not spent as he could not get his targets. We have a debt..yay. So many clubs do. Most of that debt has been taken as shares. We are healthier now then when PR left. The owners signed MM for 3.5 years without placing any demands on promotion. They have stated their first priority is making sure the club is stable and then see what happens. I think some of the statements here suggest something far different to what real Bluebirds think. Face is a big part of Asian business, but there is no face being lost here at all. In fact unless we went bankrupt under poor management, they will not lose face in any business sense.
