How much Debt are we actually in?

[goats]

Re: How much Debt are we actually in?

When the latest accounts were published in March it was reported to approximately £138 million.

Makes the £20 million Sam h racked up seem like a few ice creams in comparison…..

[North Cardiff Blue]

Re: How much Debt are we actually in?

I'm sure some people will be angered by this post but I'm not trying stir up shit here. I just don't know. I don't know where to find a definitive figure despite searching online. In fact, I'm not sure if there is a definitive figure as I know it's a complex issue. But does anyone know what Cardiff City FC's debt stands at overall? Thanks in advance.��

Shit loads, with not that much assets.

[Armitage Shanks]

Re: How much Debt are we actually in?

Debt isn't comparable to san and Vinnie.

A 100,000 debt I would owe would be different to a 100,000 debt the duke of Westminster would owe.

[goats]

Re: How much Debt are we actually in?

Yep, neither would walk away without wanting (some level of) repayment.

They'd try to include that in the asking price, which would deter anybody who may have shown some fleeting interest.

So, in effect, the club has a significant level of debt, which could prove to be the reason it won't be sold for a long, long time.

He will end up giving it away as he won’t ever see us promoted to the PL…..he just got very lucky with Warnock in 2018 and he was happy to invest the first time ( think we had the highest wage bill then? Which usually gets you up) The sooner the better really as it’s only going to be another £10 million down the plug hole every season…….

[Rjk]

Re: How much Debt are we actually in?

Vinnie is 73 now, no spring chicken. I do wonder what plans are in place when he eventually shuffles off, what are his family likely to do? Shut up shop?

he's said in interviews before that his family aren't happy about how much money he's sunk into the club over the years , so presumably if he still owns us when he passes on there could be a very different attitude by whoever inherited us ( they could be better or worse - potentially a lot worse)

[Rjk]

Re: How much Debt are we actually in?

When the latest accounts were published in March it was reported to approximately £138 million.

although we don't pay any interest on any of the debt to Tan - I think Stokes' owners were doing something similar - they wrote off a massive chunk of their debts a year or so ago

[Super Nintendo Chalmers]

Re: How much Debt are we actually in?

Thanks for the figures. It is difficult to see a silver lining for this club at the moment isn't it 😔

[NYCBlue]

Re: How much Debt are we actually in?

When the latest accounts were published in March it was reported to approximately £138 million.

How much of this is owed to Tan? Whatever happened to debt to equity?

[goats]

Re: How much Debt are we actually in?

How much of this is owed to Tan? Whatever happened to debt to equity?

It got so big is couldn’t be given to equity