jordanseagull
Well-known member
- Feb 11, 2009
- 4,151
My god, arguing over attendences.
You all, ALL, seriously need to venture into...a life.
You all, ALL, seriously need to venture into...a life.
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Palace away support at SHEFF WED!
- Thread starter wigman
- Start date
We will be a division higher than you. That is certain.But seriously I think we will have sold a few players to keep the wolf from the door or we will be in the process of leaving administration.With the debts cleared there is an opportunity for a investor. Jordan does not want the second option as he will take a massive hit.But I have no inside knowledge.All I know is the reliable posters on the BBs have said a few things and then gone quiet.If they post too much they will be in the shit with their informants.
I agree ,no more from me.
johnnyrocketpants
New member
- Mar 7, 2009
- 435
4th round draw soon....
fosters headband
Well-known member
I think spurs should give you a million for Moses, Or we can just sign him and let the FA sort it again?
Selhurst Wonderland
Banned
dougdeep
New member
Cardiff are next in line with the taxman, Palace will have to wait.
fosters headband
Well-known member
natterjack
Active member
Cardiff are in deep trouble
They not only owe HMRC £2.7m they are spending next seasons ticket money to clear it (having spent this seasons last season)
The premier seating at their stadium has been given to a firm who helped them build it and all the future catering money for the season has been given to another creditor. In addition, they've already spent all their TV money by giving it to Barclays to clear debt.
The current wage bill is £1.5m per month (one of the highest in the Championship) and they've just negotiated to commit to paying Sam Hamman £85,000 every month to clear interest on what they owe from previous years (£20m)
All this to be collected from a current 'walk up' crowd (as they've already spent ST money) of around £200k per month.
As for Ledley, he's out of contract at the end of the year and is holding out to walk away with a big fat signing on fee - giving Cardiff virtually nothing
Apologies for appearing so knowledgeable - I f***ing hate them with a passion.
Congratulations on the Villa draw BTW
Last edited:
dolphin123
Member
- May 12, 2009
- 273
wigman
Well-known member
- Thread starter
- #196
Cardiff are in deep trouble
They not only owe HMRC £2.7m they are spending next seasons ticket money to clear it (having spent this seasons last season)
The premier seating at their stadium has been given to a firm who helped them build it and all the future catering money for the season has been given to another creditor. In addition, they've already spent all their TV money by giving it to Barclays to clear debt.
The current wage bill is £1.5m per month (one of the highest in the Championship) and they've just negotiated to commit to paying Sam Hamman £85,000 every month to clear interest on what they owe from previous years (£20m)
All this to be collected from a current 'walk up' crowd (as they've already spent ST money) of around £200k per month.
As for Ledley, he's out of contract at the end of the year and is holding out to walk away with a big fat signing on fee - giving Cardiff virtually nothing
Apologies for appearing so knowledgeable - I f***ing hate them with a passion.
Congratulations on the Villa draw BTW
Thanks for the information NJ,i had no idea that they were in that much trouble.
You look at the teams in the Championship and see the likes of the Scum,Plymouth,Watford,Cardiff etc all in deep sh*t.
It puts in all in perspective when they say there is a crisis at Old Trafford when they get knocked out of the cup.
TomTheEagle
New member
- Nov 15, 2009
- 49
You guys think you're the bigger club? Banter I can take, by seriously, get your heads checked if you think that. And your cocks while you're at it, can never be too careful for the big A.
fosters headband
Well-known member
If this latest poster is to believed, things just appear to get worse for you. He states the overdraft alone is greater than one seasons turnover?
Bank Rupt
Registered User Join Date: Sep 2007
Posts: 61
Quote:
Originally Posted by SE25Eagle
Thats in your opinion.
Ever think that there are people out there with a tad more business sense than you though James, who would know exactly where to start..?
James is entirely right. There are so many problems at CPFC (2000) Ltd that nobody in their right mind would bother doing more than ten minutes worth of due dilligence. The debts are too big: - you can't trade out of them.
Palace turn over £9m to £11m in a Championship season and Jordan has been spending £20m-odd a season, year after year. Jordan has also recently sold the catering and club shop operations for an up-front payment and a small annual royalty as well as nicking £6m-odd of future season's revenues to throw at his current debts. And he still can't make it work!
The overdraft alone is more than a season's turnover. And that's not counting the Agilo debt, the £2m bank loan, PAYE/VAT debts, transfer debts to other clubs, lease creditors, outstanding rent arrears and all the other trade creditors. All of those debts are current too - they're all repayable on demand (albeit the creditors have had to resort to County Court summonses, Stat Demands or Winding-Up petitions).
Why does anyone think that this mess will be solved by any other means than administration? It's the only sensible way to park the debts and get the club out of the stupid contracts that Jordan has got it into (albeit, sadly, at a cost of ten points and any shot at promotion this season). As for Celestial Empire's wet dream of phalanxes of lawyers and accountants acting for American investment groups fighting rich Arabs and local consortiums for control of Palace, yes I'm sure that's happening as we speak...
Yeah but they are obviously, ours aren't made with roadkill.
little al
Crystal Palace fan
I wouldn't trust one* from any ground tbh, the ones at Selhurst are truly vile. I have never seen the need for anyone to get hungry in 90 mins, plenty of places to eat pre/post match at any club.
*That's burgers, some nice balti pies are available up north
