seems like the egg chasers are being wound up too!

http://www.hmcourts-service.gov.uk/cms/ ... inding.htm

not before 11 o'clock hearing

http://www.hmcourts-service.gov.uk/cms/list_companies_winding.htm

not before 11 o'clock hearing

Thats because PR wont pay them their gate monies

http://www.hmcourts-service.gov.uk/cms/list_companies_winding.htm

not before 11 o'clock hearing

Thats because PR wont pay them their gate monies

Well done PR

http://www.hmcourts-service.gov.uk/cms/list_companies_winding.htm

not before 11 o'clock hearing

Thats because PR wont pay them their gate monies

Well done PR

He;s done something right at last

I love PR, lets stop this demo and chant how much we love him on saturday instead. Anyone agree.



ok maybe not

now that was kept quiet!!!!!

http://www.hmcourts-service.gov.uk/cms/list_companies_winding.htm

not before 11 o'clock hearing

Thats because PR wont pay them their gate monies

Think its Cardiff RFC and not Cardiff Blues.........

It says Cardiff Rugby Club.

As in, the one who still play in town i'm guessing.

Sad to see Oldham RLFC on that list as well, the more rugby league clubs the better I say. Though I guess they don't stand a chance what with the football teams in that area and Salford City Reds and Warrington being round that way I guess.

On wikipedia it says that Cardif Rugby Football Club Ltd run two clubs including the Cardiff Blues

On wikipedia it says that Cardif Rugby Football Club Ltd run two clubs including the Cardiff Blues

They are definately 2 seperate limited companies according to Companies House, the blues BTW still have their registered offices at the Arms Park.

Excellent news.

On wikipedia it says that Cardif Rugby Football Club Ltd run two clubs including the Cardiff Blues

They are definately 2 seperate limited companies according to Companies House, the blues BTW still have their registered offices at the Arms Park.

Sorry Wayne S on further investigation you are correct CRFC are the parent company of Cardiff Blues, so our tennants are facing a winding up order.

Out of interest their accounts have just been published for the year ending May 2009 show they made a loss of £507,503.

Their wage bill was £5,349,376 on a turnover of £7,915,341 and 2 directors were paid a total of £192,000 in wages.

In May 2009 they owed the taxman £620,287 and had total debts of £7,446,462

On wikipedia it says that Cardif Rugby Football Club Ltd run two clubs including the Cardiff Blues

They are definately 2 seperate limited companies according to Companies House, the blues BTW still have their registered offices at the Arms Park.

Sorry Wayne S on further investigation you are correct CRFC are the parent company of Cardiff Blues, so our tennants are facing a winding up order.

Out of interest their accounts have just been published for the year ending May 2009 show they made a loss of £507,503.

Their wage bill was £5,349,376 on a turnover of £7,915,341 and 2 directors were paid a total of £192,000 in wages.

In May 2009 they owed the taxman £620,287 and had total debts of £7,446,462

Add in less income now, more expenses, expect the loss for 2009/10 to be far higher...

But thats the other Cardiff tho, the ones who play in our stadium are called CARDIFF BLUES LTD

But thats the other Cardiff tho, the ones who play in our stadium are called CARDIFF BLUES LTD

Doesn't it affect them though if Cardiff Blues Ltd is a wholly owned subsidiary of Cardiff Rugby Football Club Ltd?

But thats the other Cardiff tho, the ones who play in our stadium are called CARDIFF BLUES LTD

Utterly wrong, it's the holding company for Blues and Cardiff RFC. From memory, most shares are held by the Athletics club.

Just went on the Cardiff Blues messageboard and although someone has posted the link to the Winding Up Order, no one has commented.

I did find out though that The Blues get 11% of food sales off Compass during matches and that is the same deal as us, any other events held at the stadium Compass get ALL the food profits.

http://www.rugbynetwork.net/boards/list/s170.htm

If the blues go its another income stream for CCFC gone , why is that so good?

If the blues go its another income stream for providing Audis for the goldfish gone , why is that so good?

Fixed your post.

If the blues go its another income stream for providing Audis for the goldfish gone , why is that so good?

Fixed your post.

But thats the other Cardiff tho, the ones who play in our stadium are called CARDIFF BLUES LTD

Doesn't it affect them though if Cardiff Blues Ltd is a wholly owned subsidiary of Cardiff Rugby Football Club Ltd?

Correct Wayne.

It is clear from the accounts that CRFC is the holding company for Cardiff Blues. Therefore if they get wound up then so do the Blues.

TBH with a wage bill of £7m the Blues HAVE to be part of the problem as you don't pay that amount of cash to part-time Rugby players

But thats the other Cardiff tho, the ones who play in our stadium are called CARDIFF BLUES LTD

Doesn't it affect them though if Cardiff Blues Ltd is a wholly owned subsidiary of Cardiff Rugby Football Club Ltd?

Correct Wayne.

It is clear from the accounts that CRFC is the holding company for Cardiff Blues. Therefore if they get wound up then so do the Blues.

TBH with a wage bill of £7m the Blues HAVE to be part of the problem as you don't pay that amount of cash to part-time Rugby players

Yup, the holding company principle was used in Southampton, wasn't it? Football club claiming the Stadium company was really nothing to do with them... court decided otherwise, once they'd finished laughing.

http://www.walesonline.co.uk/rugbynatio ... -25953806/

http://www.walesonline.co.uk/rugbynation/rugby-news/2010/03/03/cardiff-rfc-listed-in-court-over-unpaid-tax-bill-91466-25953806/

CCFC had one of those before Christmas, "just a formality". We know what happpened next

On wikipedia it says that Cardif Rugby Football Club Ltd run two clubs including the Cardiff Blues

They are definately 2 seperate limited companies according to Companies House, the blues BTW still have their registered offices at the Arms Park.

Sorry Wayne S on further investigation you are correct CRFC are the parent company of Cardiff Blues, so our tennants are facing a winding up order.

Out of interest their accounts have just been published for the year ending May 2009 show they made a loss of £507,503.

Their wage bill was £5,349,376 on a turnover of £7,915,341 and 2 directors were paid a total of £192,000 in wages.

In May 2009 they owed the taxman £620,287 and had total debts of £7,446,462

But they are owned by the biggest property magnate in South Wales outside of the McCarthy brothers. Peter Thomas is seriously loaded. this is Cardiff RFC not the Blues who will continue to trade.

Yup, the holding company principle was used in Southampton, wasn't it? Football club claiming the Stadium company was really nothing to do with them... court decided otherwise, once they'd finished laughing.

What normally happens if a holding company goes bankrupt any subsiduary companies are treated as assets and either get sold or are wound up as well.

If a subsiduary company goes bankrupt it is normally treated as single entity and there is no affect on the holding company who wouldn't even be held liable for any debts.

In Southampton's case the holding company went into administration in an attempt to avoid the 10 point deduction. This was on the advice of our very own Keith Harris as SFC tried to argue it wasn't them in administration but the holding company.

Evently as you rightly point out the whole nonsense was thrown out by the courts.

Cardiff RFC Ltd is the company owning Cardiff RFC and the Blues. They go down, both go down.

Thomas hasn't invested in the Blues in years - in fact, wants his money back. Which could well be from the sale of CAP, which he doesn't actually own...

Yup, the holding company principle was used in Southampton, wasn't it? Football club claiming the Stadium company was really nothing to do with them... court decided otherwise, once they'd finished laughing.

What normally happens if a holding company goes bankrupt any subsiduary companies are treated as assets and either get sold or are wound up as well.

If a subsiduary company goes bankrupt it is normally treated as single entity and there is no affect on the holding company who wouldn't even be held liable for any debts.

In Southampton's case the holding company went into administration in an attempt to avoid the 10 point deduction. This was on the advice of our very own Keith Harris as SFC tried to argue it wasn't them in administration but the holding company.

Eventualy as you rightly point out the whole nonsense was thrown out by the courts.

they have just been gifted 6ook a personal cheque by somebody i think called Mr. Thomas.