PMG - A Joint Statement From CCSC and CCST

What is wrong with the original post ?Are there any untruths there?Must agree that it is a very valid post

I was baffled by the tone of this morning's statement, but there has now been a "clarification" issued on the other board which reads;

"To clarify a few points. Despite recent claims on the various messageboards, a deal with the Malaysians is far from done.

The details quoted in our joint statement were gleaned from several sources and we have also been in direct contact with the Malaysians, Steve Borley, etc. We wouldn't have gone to press with this statement if we weren't 100% sure of its accuracy.


Do people really now believe that a proffessional organisation like the malaysiians are reliant on these two organisations putting pressure on pmg over his share value.
It was just a short while ago that people were criticising the march of about 2500 people and asking where were the missing 18000 majority were
is this not the same thing i dont know how many members the organisations have between them but would it exceed the 2500 on the march i dont know but would be suprised if its much more in total.
to target the largest shareholder at this stage when the second largest shareholder is being dismissed as a fly in the ointment is beyond me.

The Malaysians have indeed made a formal offer, much of which will involve the purchase of shares to make them the largest shareholders in Cardiff CIty. There are a number of hurdles and conditions attached though, which whilst not insurmountable, are unlikley to be agreed overnight. Claims that things will be done and dusted by the weekend are we believe far fetched, but in our current plight time is indeed of the essence.

Ridsdale is now no more than a fly in the ointment - the Malaysians don't want him and whether he goes quietly or tries to claim his full compensation through the courts is neither here nor there. The real issue is that the Malaysians will not become major shareholders and saddle themselves with £40m of debt. In a couple of weeks the club will be in Admin and they could pick the club up for a lot less.

The whole deal hinges on the Malaysians coming to a deal with the many creditors. For unsecured creditors, it's fairly straightforward - if the club goes into Admin they will get far less (if anything) of what they are owed. We understand that a large proportion of the smaller creditors have already shown a willingness to negotiate - whether that's in the form of reducing what's owed or increasing payment terms is unknown.

The real crux of the matter here is the only secured creditors - Messrs Guy and Hall - PMG. For them, coming to an agreement with the Malaysians may reduce their pay off by more than what they think they can recover via the Admin route. In other words, they can make or break any deal and are the key players in all this.

CCSC and the Trust felt the time was right to exert some pressure on PMG. As local businessmen, they need to do the right thing by Cardiff City, as any other form of action would tarnish their reputation in South Wales. With Cardiff City only a couple of weeks from oblivion and a chance to be saved, we felt it was worth reminding them of this."

Now I am not privy to any inside information from either camp, so I cannot comment with any authority on the validity of what the Trust and Supporters Club are saying, but, on the face of it, the above makes sense and I can understand why they issued the statement they did.

I've got no faith in the PMG doing the decent thing for the sake of the city.

They are businessmen first and foremost with no feelings for our club (or round ball).

Admin here we come (hope I'm wrong though)

Pitty this wernt done a while back me thinks.

In all fairness it is great statment and it is well put over, but f**k me sideways this sould have been done months ago, but the problem is that the trust was to scared of upsetting PR. Im pritty sure im not far from the truth here lads.

PMG leveraged Hammam out.
PMG seem to be leveraging Ridsdale out to enable the Malaysian investment.

Trust "blast" PMG for that. Hmm.

I'll go with the inside information posted on here, thank you very much - it's proven to be more accurate than other "sources".

this statement couldnt really have been made months ago as we were not facing this 56 day issue and we only have a short time to get this thing sorted one way of the other

time is the key , if we are to face administration and guy and hall are going to go through that route then it needs to be quick or we will face certain relegation next season and maybe more punishment than ten points

if any such deal is agreed to which leads to less return but an established championship team then that has to be the best thing for cardiff city

the arguement as to wether such a statement from the supporter groups is likely to ensure a positive outcome for us as supporters is subject to discussion

For god sake, Sludge, wake up!

You think Guy really wants admin? or wants Ridders to see the prospect of it happening, hmm?

Trust of course bite on that, but hey.

Guy did the same with Hammam, using that tactic with Ridders. Knows how Ridders will perceive it, applying maximum pressure on him to accept the deal to go.

Nice little dig in the clarification, by the way. " Despite recent claims on the various messageboards" - yup, that's it folks, the Trust and only the Trust know the full facts. Gotcha.

its a joint statement by the trust and the supporters club

its a joint statement by the trust and the supporters club

Yeah, forgot the supporters club actually had any relevance or meaning beyond organising travel these days.

Now, do you seriously believe PMG is the evil bad guy who will take us into admin? Or trying every trick in the book to remove Ridsdale, the obstacle to investment?

And don't get me wrong - PMG have a hell of a lot to answer for. Just that it's telling that - as usual -the joint Trust and group of about 24 people and a dog statement seems to point fingers and remind virtually everybody of their "duty" except Ridsdale...

If PMG are applying pressure to remove Ridsdale, that statement does nothing except undermine their position.

PMG allegedly make 500k interest per annum on the 9m loan. That's a percentage rate of what, about 5%? What was the interest rate at the time the loan was taken out, for reference purposes? That's a hell of a lot less profiteering than the interest rate Isaacs had on a loan!

its a joint statement by the trust and the supporters club

Yeah, forgot the supporters club actually had any relevance or meaning beyond organising travel these days.

Now, do you seriously believe PMG is the evil bad guy who will take us into admin? Or trying every trick in the book to remove Ridsdale, the obstacle to investment?

And don't get me wrong - PMG have a hell of a lot to answer for. Just that it's telling that - as usual -the joint Trust and group of about 24 people and a dog statement seems to point fingers and remind virtually everybody of their "duty" except Ridsdale...

If PMG are applying pressure to remove Ridsdale, that statement does nothing except undermine their position.

the trust and supporters club together are the largest supporter representation group we have



wether you agree with the statement is another matter, you clearly dont

its a joint statement by the trust and the supporters club

Yeah, forgot the supporters club actually had any relevance or meaning beyond organising travel these days.

Now, do you seriously believe PMG is the evil bad guy who will take us into admin? Or trying every trick in the book to remove Ridsdale, the obstacle to investment?

And don't get me wrong - PMG have a hell of a lot to answer for. Just that it's telling that - as usual -the joint Trust and group of about 24 people and a dog statement seems to point fingers and remind virtually everybody of their "duty" except Ridsdale...

If PMG are applying pressure to remove Ridsdale, that statement does nothing except undermine their position.

the trust and supporters club together are the largest supporter representation group we have



wether you agree with the statement is another matter, you clearly dont

Sludge, you tell me - what exactly is the point of that statement?

Reliably informed admin is an option - no shit. That's pretty obvious to anybody with a pulse.

The clarification of that statement of ccmb indicates the aim was to "put pressure on PMG". No offence, but somehow I doubt it'll cause Guy or Hall any semblance of sleepless nights.

It's an empty statement intended to make the Trust look pro-active on this issue. Fine in itself, but needs to be taken into that context.

As I've said, of course a finger needs to be pointed at PMG, but not a single word of "pressure" towards Ridsdale?

pmg would have to take around 10p-20p in the £ for there debt if we went in to admin in a cva ,why would they want admin unless they want the whole club? pmg said at the egm they are happy to walk away and they know they wouldnt get all there money back this was said stright from paul guy mouth! i was there,for the trust to say this statment today i think is not called for ,new people in = the loan money back for pmg ,admin = afraction of monies being payed back its a no brainer get rid of risdale and get new investment in to pay there own loans back

I have no doubts the reasons or sentiments behnd this statement are for the right reasons.

It just seems a bit harsh to single out PMG, it was not long ago that they bankrolled the club, paying wages etc.

Fact is though, whatever was done by any partys in relation to representation of the supporters you will never please all.Disagreeing on it should not be interpreted as sniping though , lets just remember that much, its just a difference of opinion.

pmg would have to take around 10p-20p in the £ for there debt if we went in to admin in a cva ,why would they want admin unless they want the whole club? pmg said at the egm they are happy to walk away and they know they wouldnt get all there money back this was said stright from paul guy mouth! i was there,for the trust to say this statment today i think is not called for ,new people in = the loan money back for pmg ,admin = afraction of monies being payed back its a no brainer get rid of risdale and get new investment in to pay there own loans back

exactly wez

paul has known what the offer was going to be for weeks now
why no joint statement asking the chairman to do the right thing by the club if his presence is going to jepoardise the investment.
we are at the brink of investment or bust and suddenly the man who paid the first portion of tax to the hmrc is being cast as the potential villian while the second largest shareholder and person responsible for this whole mess who has only taken from the club gets off scot free

pmg would have to take around 10p-20p in the £ for there debt if we went in to admin in a cva ,why would they want admin unless they want the whole club? pmg said at the egm they are happy to walk away and they know they wouldnt get all there money back this was said stright from paul guy mouth! i was there,for the trust to say this statment today i think is not called for ,new people in = the loan money back for pmg ,admin = afraction of monies being payed back its a no brainer get rid of risdale and get new investment in to pay there own loans back

exactly wez

paul has known what the offer was going to be for weeks now
why no joint statement asking the chairman to do the right thing by the club if his presence is going to jepoardise the investment.
we are at the brink of investment or bust and suddenly the man who paid the first portion of tax to the hmrc is being cast as the potential villian while the second largest shareholder and person responsible for this whole mess who has only taken from the club gets off scot free

the trust is up peter risdale arse !not one statement on peter risdale bad Handling of the club, the trust seems to be the tlg show ! why do a statment like that today ! if it wasnt for pmg we as a club may have not been here today thay have put monies to keep us going when anybody else wouldnt, dont bite the hand what feeds you i say, pmg want out plus they want pr out and most of thier monies back, the takeover will allow this

Written by an adult in short trousers. We all know where we are and don't need you to state the blindingly obvious in such pious terms. Do you really think that what you have written in any way advances the cause? All you have done is highlight how far removed and how hopelessly ineffective the Trust is.

These people are business men. There is always a sub text and agenda. We will end up where we end up and witless rhetoric from CCSC have no no influence on the process. Time to grow up and live in the real world.

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If I may be allowed a view before I am torn apart by some of the 'Heavies' who use this board to stamp on any opinions differing from their own, I would like to gently point out that , only the other day the trust was accused of being too gentlemanly in its statements as opposed to the steady roar of violent protest heard here. So now the Trust and associates are being too heavy handed in stating the desperate position clearly and pointing a finger at the usual suspects.

When a board starts being used to slag off individuals with whom you disagree then it merely becomes a line of nodding heads led by people who have their own personal agenda. This can be a great board if and when it ceases to be a home for spite and nonsense. Those who wish to attack this message --- please form a very long line.

The Malaysians are not idiots. The trust message will not tell them anything they don't know.


CAL

What a bloody awful post.

Sorry you are not getting away with playing the gentle messenger whilst at the same time making sly offensive remarks about the users of this board.

There has never been any "steady roar for VIOLENT protest" from anyone from AAMB and that is a totally dishonest thing to state.

All we ever asked of the Trust was to listen to the opinion of its members and to stop acting like a dictatorship. They choose not to for whatever reason and the fallout made both sides bloody minded. Unfortunately this resulted in a statement from TLG which attempted to portray those who marched as 'football hooligans requiring a Police escort'

Fair play to TLG he apologised and withdrew the comments whilst admitting they were poorly constructed. That should have been the end of the matter.

Now we have you coming onto this board and making similar appalling remarks.

Get this in your head, this is not a hooligan site but we are passionate and loyal CCFC supporters. Whilst the Trust does whatever they do, we have been more proactive in the past and demonstrated PEACEFULLY.

That's the truth of the matter and next time you decided to go on a crusade against those who make things ‘personal’, start by taking a tip from Ridsdale’s book and look in the mirror.

I have no doubts the reasons or sentiments behnd this statement are for the right reasons.

It just seems a bit harsh to single out PMG, it was not long ago that they bankrolled the club, paying wages etc.

Fact is though, whatever was done by any partys in relation to representation of the supporters you will never please all.Disagreeing on it should not be interpreted as sniping though , lets just remember that much, its just a difference of opinion.

I don't doubt the sentiment behind it.

Just that the claims that it's PMG who could break any deal are, well, pretty ludicrous based upon what everybody else has been hearing. Which then makes you wonder precisely how much information the Trust actually have and more importantly, where it's coming from.

Written by an adult in short trousers. We all know where we are and don't need you to state the blindingly obvious in such pious terms. Do you really think that what you have written in any way advances the cause? All you have done is highlight how far removed and how hopelessly ineffective the Trust is.

These people are business men. There is always a sub text and agenda. We will end up where we end up and witless rhetoric from CCSC have no no influence on the process. Time to grow up and live in the real world.

-------------------------------------------------------------------
If I may be allowed a view before I am torn apart by some of the 'Heavies' who use this board to stamp on any opinions differing from their own, I would like to gently point out that , only the other day the trust was accused of being too gentlemanly in its statements as opposed to the steady roar of violent protest heard here. So now the Trust and associates are being too heavy handed in stating the desperate position clearly and pointing a finger at the usual suspects.

When a board starts being used to slag off individuals with whom you disagree then it merely becomes a line of nodding heads led by people who have their own personal agenda. This can be a great board if and when it ceases to be a home for spite and nonsense. Those who wish to attack this message --- please form a very long line.

The Malaysians are not idiots. The trust message will not tell them anything they don't know.


CAL

What a bloody awful post.

Sorry you are not getting away with playing the gentle messenger whilst at the same time making sly offensive remarks about the users of this board.

There has never been any "steady roar for VIOLENT protest" from anyone from AAMB and that is a totally dishonest thing to state.

All we ever asked of the Trust was to listen to the opinion of its members and to stop acting like a dictatorship. They choose not to for whatever reason and the fallout made both sides bloody minded. Unfortunately this resulted in a statement from TLG which attempted to portray those who marched as 'football hooligans requiring a Police escort'

Fair play to TLG he apologised and withdrew the comments whilst admitting they were poorly constructed. That should have been the end of the matter.

Now we have you coming onto this board and making similar appalling remarks.

Get this in your head, this is not a hooligan site but we are passionate and loyal CCFC supporters. Whilst the Trust does whatever they do, we have been more proactive in the past and demonstrated PEACEFULLY.

That's the truth of the matter and next time you decided to go on a crusade against those who make things ‘personal’, start by taking a tip from Ridsdale’s book and look in the mirror.

Good post.

PMG leveraged Hammam out.
PMG seem to be leveraging Ridsdale out to enable the Malaysian investment.

Trust "blast" PMG for that. Hmm.

I'll go with the inside information posted on here, thank you very much - it's proven to be more accurate than other "sources".

Where in the statement does it blast PMG for trying tp get rid of Mr Ridsdale.

I don't think PR is is attacked in the statement because it seems that whatever source you read be it this messageboard or the Trust sources he is a dead man walking. So why waste energy there.

I have no doubts the reasons or sentiments behnd this statement are for the right reasons.

It just seems a bit harsh to single out PMG, it was not long ago that they bankrolled the club, paying wages etc.

Fact is though, whatever was done by any partys in relation to representation of the supporters you will never please all.Disagreeing on it should not be interpreted as sniping though , lets just remember that much, its just a difference of opinion.

But without their backing wouldn't PR have gone long ago?

If I may be allowed a view before I am torn apart by some of the 'Heavies' who use this board to stamp on any opinions differing from their own, I would like to gently point out that , only the other day the trust was accused of being too gentlemanly in its statements as opposed to the steady roar of violent protest heard here. So now the Trust and associates are being too heavy handed in stating the desperate position clearly and pointing a finger at the usual suspects.

When a board starts being used to slag off individuals with whom you disagree then it merely becomes a line of nodding heads led by people who have their own personal agenda. This can be a great board if and when it ceases to be a home for spite and nonsense. Those who wish to attack this message --- please form a very long line.

The Malaysians are not idiots. The trust message will not tell them anything they don't know.


CAL

What a bloody awful post.

Sorry you are not getting away with playing the gentle messenger whilst at the same time making sly offensive remarks about the users of this board.

There has never been any "steady roar for VIOLENT protest" from anyone from AAMB and that is a totally dishonest thing to state.

All we ever asked of the Trust was to listen to the opinion of its members and to stop acting like a dictatorship. They choose not to for whatever reason and the fallout made both sides bloody minded. Unfortunately this resulted in a statement from TLG which attempted to portray those who marched as 'football hooligans requiring a Police escort'

Fair play to TLG he apologised and withdrew the comments whilst admitting they were poorly constructed. That should have been the end of the matter.

Now we have you coming onto this board and making similar appalling remarks.

Get this in your head, this is not a hooligan site but we are passionate and loyal CCFC supporters. Whilst the Trust does whatever they do, we have been more proactive in the past and demonstrated PEACEFULLY.

That's the truth of the matter and next time you decided to go on a crusade against those who make things ‘personal’, start by taking a tip from Ridsdale’s book and look in the mirror.

Good post.

Why on earth was Cal's post bloody awful.

Perhaps the world violent went too far, but could you ahve just saud that isneatd of going off one one.

And it was hardli gis crusade just his view.

Being a bit thinned I think Tony.

I have no doubts the reasons or sentiments behnd this statement are for the right reasons.

It just seems a bit harsh to single out PMG, it was not long ago that they bankrolled the club, paying wages etc.

Fact is though, whatever was done by any partys in relation to representation of the supporters you will never please all.Disagreeing on it should not be interpreted as sniping though , lets just remember that much, its just a difference of opinion.

But without their backing wouldn't PR have gone long ago?

Without their backing the club would have been dead long ago.

Why on earth was Cal's post bloody awful.

Perhaps the world violent went too far, but could you ahve just saud that isneatd of going off one one.

And it was hardli gis crusade just his view.

Being a bit thinned I think Tony.

Mostly because Cal is echoing comments made within a statement by a Trust official that he had to withdraw and apologise for, perhaps?

Why on earth was Cal's post bloody awful.

Perhaps the world violent went too far, but could you ahve just saud that isneatd of going off one one.

And it was hardli gis crusade just his view.

Being a bit thinned I think Tony.

Mostly because Cal is echoing comments made within a statement by a Trust official that he had to withdraw and apologise for, perhaps?

Even so, still OTT.

And the remarks were made by TLG as an individual not as a Trust Official. You make it sound as though it was an official trust statement.

Why on earth was Cal's post bloody awful.

Perhaps the world violent went too far, but could you ahve just saud that isneatd of going off one one.

And it was hardli gis crusade just his view.

Being a bit thinned I think Tony.

Mostly because Cal is echoing comments made within a statement by a Trust official that he had to withdraw and apologise for, perhaps?

Even so, still OTT.

And the remarks were made by TLG as an individual not as a Trust Official. You make it sound as though it was an official trust statement.

Right, so TLG should withdraw his remarks - and get credit for doing do - Cal thus gets a free ride? Double standards? It's pretty clear Cal is merely echoing comments from CCMB, fostering an "us and them" divide.

TLG blurs the line, tell me which comments are official Trust ones, which are personal. I'd have assumed a Trust PR official would release statements, not the membership secretary.

EDIT: And of course, you'll see I referred to TLG as a Trust official. Nowhere did I say they were official Trust statements.

The other point that may be even more worrying is that at the moment the club look like a good investment for the Malasians - if we go into admin and get a 10 point deduction for next season - then we don't look anywhere near as good.

If we do go into admin they may well go elsewhere anyway.....

Which is why the deal has to be done now and asap.

the key question here is who is holding the cards with regards to this deal from the cardiff city side of things ?

if PMG have no desire whatsoever for administration and want out then this statement could be viewed either as totally irrelevant or a step on the road

or , I think rather more extreme ..and probably without any foundation , that its a kick in the teeth to PMG

at the end of the day PMG are the major creditors and have this charge on the player sales ?

the key question here is who is holding the cards with regards to this deal from the cardiff city side of things ?

if PMG have no desire whatsoever for administration and want out then this statement could be viewed either as totally irrelevant or a step on the road

or , I think rather more extreme ..and probably without any foundation , that its a kick in the teeth to PMG

at the end of the day PMG are the major creditors and have this charge on the player sales ?

And given that the Malaysians want no part of it until Ridders goes, does he not thus hold any cards?

Granted, has far less leverage...

From PMG's perspective, Sludge, they've :-

Charge on some player sales.
Gained the retail park.
Gained the hotel land in exchange for reducing the debt to I believe 7.2m
Bought shares for I believe around 12p.
Are secured creditors.

Now, if the 9p per share offer is true, then that's what, 25% loss on the price they paid? Offset that with the money gained from future hotel development, retail park income, how on earth do some people magically believe PMG would automatically favour administration over a share sale with structured debt repayment plan from people we know are pretty damn good businessmen who make PMG look like amateurs?

Yet some people no doubt persist in their deluded belief it's the Taffia / Eggers... which no doubt sways statements being made and publicised.

Ridsdale could scupper this deal. Where is the statement to him?