Bluebirds transfer rumours

[Rjk]

Re: Bluebirds transfer rumours

The nation is holding its breath waiting for the CCFC retained list and the Sue Gray report.

And the court of arbitration for sport decisions

[Pedro de la Rosa]

Re: Bluebirds transfer rumours

Probably Joe Ralls.

Yup, that’s what I think they’re waiting on. Glen Williams has said he has asked, and the club are in “no rush”

[Undercoverinwurzelland]

Re: Bluebirds transfer rumours

And the court of arbitration for sport decisions

Oh yeah, that too

[dembethewarrior]

Re: Bluebirds transfer rumours

And the court of arbitration for sport decisions

In what respect?

[Pedro de la Rosa]

Re: Bluebirds transfer rumours

In what respect?

If we have to pay for Sala

[dembethewarrior]

Re: Bluebirds transfer rumours

If we have to pay for Sala

Gotcha.

Shows what I know. I thought it was all accounted for..

[Pedro de la Rosa]

Re: Bluebirds transfer rumours

In what respect?

Gotcha.

Shows what I know. I thought it was all accounted for..

It is… but Tan would still rather not pay for it

[Enoch Mort]

Re: Bluebirds transfer rumours

The outcome of the Court for Arbitration in Sport is a valid point. I would imagine that the club have factored in a negative outcome into the overall club budget for the forthcoming season and consequently their activities in the transfer market. If it is a positive outcome and let's hope so, then £15m would be written back from the balance sheet. This would vastly improve the Profit and Sustainability position but I imagine would not improve the availability of funds. No doubt Keith could confirm this.

[dembethewarrior]

Re: Bluebirds transfer rumours

It is… but Tan would still rather not pay for it

Still, how long do they think they can drag it out, like the CAS decision is gonna magically appear to save the day before we announce it early this week

[Undercoverinwurzelland]

Re: Bluebirds transfer rumours

Still no decision from the Michael Isaacs case yet either.

[The Hooded Claw]

Re: Bluebirds transfer rumours

The outcome of the Court for Arbitration in Sport is a valid point. I would imagine that the club have factored in a negative outcome into the overall club budget for the forthcoming season and consequently their activities in the transfer market. If it is a positive outcome and let's hope so, then £15m would be written back from the balance sheet. This would vastly improve the Profit and Sustainability position but I imagine would not improve the availability of funds. No doubt Keith could confirm this.

The provision is £20m.
You’re right, though. If Cardiff City are found to not owe Nantes, then it just means they can unwind the provision in their accounts, but sadly, it doesn’t necessarily mean that there is £20m sitting in the bank.
It puts things into perspective. This was a young man’s life and it’s become an ugly business.

[Enoch Mort]

Re: Bluebirds transfer rumours

The provision is £20m.
You’re right, though. If Cardiff City are found to not owe Nantes, then it just means they can unwind the provision in their accounts, but sadly, it doesn’t necessarily mean that there is £20m sitting in the bank.
It puts things into perspective. This was a young man’s life and it’s become an ugly business.

I’m guessing that the transfer fee would be £15m which, if successful, would be written back. I assume the balance of the provision is for legal costs which we have probably been incurring at a rate of knots.

[Des Parrot]

Re: Bluebirds transfer rumours

As far as I know there are multiple ways of posting a provision both with and without actually having the money. Just because there’s a provision doesn’t mean the money is physically available.

Hopefully Keith to the rescue.

[TWGL1]

Re: Bluebirds transfer rumours

As far as I know there are multiple ways of posting a provision both with and without actually having the money. Just because there’s a provision doesn’t mean the money is physically available.

Hopefully Keith to the rescue.

It means there is an accrual in the accounts ( liability on the balance sheet) but it doesn’t mean we have the cash to pay it.

[North Cardiff Blue]

Re: Bluebirds transfer rumours

I'm still not convinced Tan won't spend this window. He knows what he's doing:

1) Pretend like we have no money right now.

2) Use being broke as a negotiation tool.

3) Bring in cheap players for cheap prices.

4) Sign Bale on the cheap.

5) Spend 15 million on 2-3 quality players.

6) Mid table finish.

He seems to know what he's doing, lets hope your right with as many of them as possible