Re: Cardiff City's Latest Accounts: Trust Chair Gives His Analysis.
Quote:
Originally Posted by
cardiff55
I totally agree. If owned the club, and subsidised it like Mr Tan, I could do what i wanted. And I could pay directors whatever I liked, and employees too. The players are employees too and there has been little criticism of what we paid in fees and wages for the like of Madine etc. All the players are paid well, maybe with the exception of the youngsters and are the highest drain on finances.
The difference between us and other clubs is that, I believe, Vincent Tan is an honourable man who will not leave the club in the lurch. It's in his interest to keep the club stable so that when he does sell up he gets a lot of his money back. Some clubs have owners who do not put any money in (Swansea?), and have worked their way around FFP rules by selling their grounds to the owner (Derby & Sheff W), which seems a dangerous approach.
Compare our club's owner with another type of owner, let's call him Mr H, who gave the impression of investment , but it was really all loans from himself, which were then sold to another company (if this is right?), who he stated were not him. And then took the club to court, the club he says he loved, and then settled on a deal for the debt. And it was found out to be him all along, and then sues the club (he loves) again for millions. Yet he has not been seen near the club (which he purports to love ) for about a decade or more!!!
Owner one keeps getting vilified whilst owner 2 (on another board) is hero worshipped.
I know which one I'd want at our club.
So what you're saying is next time I notice what I think is a contradictory element in the message coming from the chairman and the monies received by the directors, I should remember that Vincent Tan is not Sam Hammam and this will appease any discrepancy?
Re: Cardiff City's Latest Accounts: Trust Chair Gives His Analysis.
Quote:
Originally Posted by
Bluebirdman Of Alcathays
So what you're saying is next time I notice what I think is a contradictory element in the message coming from the chairman and the monies received by the directors, I should remember that Vincent Tan is not Sam Hammam and this will appease any discrepancy?
What I was trying to point out is than Tan owns the club and can pretty much do what he wants, and pay as much as he wants to who he wants. He is better than Hammam. Obviously what he does can be questioned but none of us can do anything about it. I think, like Hammam, his tenure will be evaluated fully once he has gone.
Re: Cardiff City's Latest Accounts: Trust Chair Gives His Analysis.
Quote:
Originally Posted by
The Lone Gunman
:hehe:
Are you taking the piss?
Little criticism of Tan. The blame seems to have always been laid at the door of Warnock for Madine and others. But it was the 'transfer committee' who sanctioned the spending. Tan just agreed o what had been proposed, trusting in Dalman, Choo and the manager.
But there again I may taking the piss!
Re: Cardiff City's Latest Accounts: Trust Chair Gives His Analysis.
Quote:
Originally Posted by
The Hooded Claw
It’s interesting that directors’ remuneration rose 34% at a time when the other salary costs were reducing by a similar percentage.
In large Companies don't the directors remunerations reflect the previous years business or even the year before that?
I recall many years ago talking to a man called Sam Toy who was the MD of Ford UK. Ford were then currently making loss but he had just got a huge pay rise of something like 60% as I recall, because it was based on a previous year when ford had made a huge profit.
Re: Cardiff City's Latest Accounts: Trust Chair Gives His Analysis.
Quote:
Originally Posted by
xsnaggle
In large Companies don't the directors remunerations reflect the previous years business or even the year before that?
I recall many years ago talking to a man called Sam Toy who was the MD of Ford UK. Ford were then currently making loss but he had just got a huge pay rise of something like 60% as I recall, because it was based on a previous year when ford had made a huge profit.
Not necessarily. The accounts for the year in question should show the directors fees that relate to that year, regardless of when they are actually paid.
Profit & Loss Accounts are prepared on an accruals basis, not a cash basis.
