A forum for all things Cardiff City
Tue Jul 06, 2010 8:56 pm
If it was possible how much would it cost to buy the club.
obviously the amount per person would be dependant on the amount of people involved.
surely a deal could be struck with Langston/PMG to defer payments.
Tue Jul 06, 2010 9:26 pm
Good question that Jamie and 1 putting a figure on would be impossible but you'd be talking millions mate . Theres the total current debt plus ALL of existing shareholders who would want at least 15p per share plus the stock value of the playing squad and youth teams plus the value of the stadium plus the value of the training facility !! Then on top of that theres the regular outgoings of salaries and TAX ................... all adds up to a frightening cost when there is no or very little income stream into the Club
Tue Jul 06, 2010 9:57 pm
Well before buying the shares u are talking about 20-40m of debt.
Basically no chance, I wouldn't put a penny in at the moment for sure.
Tue Jul 06, 2010 9:58 pm
jamccfc wrote:If it was possible how much would it cost to buy the club.
obviously the amount per person would be dependant on the amount of people involved.
surely a deal could be struck with Langston/PMG to defer payments.
In 1998 Jam, I would of Said yes we could of done it, now its far out of our reach in my opinion.
Tue Jul 06, 2010 11:01 pm
Were the FA not trying to introduce something that fans owned a % of their club and had an elected member on the board who sole purchase was the sound running of their club, They were talking of this in the grwoning age where clubs debts are mounting out of control and avoid situations like Portsmouth and Crystal Palace and the massive debts levels amoungest the top prem clubs.
Tue Jul 06, 2010 11:26 pm
hughesybloke wrote:Were the FA not trying to introduce something that fans owned a % of their club and had an elected member on the board who sole purchase was the sound running of their club, They were talking of this in the grwoning age where clubs debts are mounting out of control and avoid situations like Portsmouth and Crystal Palace and the massive debts levels amoungest the top prem clubs.
Labour raised the prospect of specific legislation before the election with a requirement of c.25% of shares to be placed in the hands of fans. Electioneering for sure, but symptomatic of public feeling on the issue:
http://www.abc.net.au/news/stories/2010 ... 881599.htmFrankly, our Club appears so indebted that it can't be worth very much if anything in equity terms right now.
Wed Jul 07, 2010 6:06 am
hughesybloke wrote:Were the FA not trying to introduce something that fans owned a % of their club and had an elected member on the board who sole purchase was the sound running of their club, They were talking of this in the grwoning age where clubs debts are mounting out of control and avoid situations like Portsmouth and Crystal Palace and the massive debts levels amoungest the top prem clubs.
Isnt that what a supporters Trust is all about tho ??
Wed Jul 07, 2010 8:56 am
If we value the club at £30m including the debt and divide by 17,000 (the number of season ticket holders) it would cost each STH around £1,800 for a fans buy out.
Of course the chances of getting all 17,000 fans to chip in would be highly unlikely and of course the lower the number contributors means a higher sum for those who would.
Wed Jul 07, 2010 8:58 am
Martyn1963 wrote:hughesybloke wrote:Were the FA not trying to introduce something that fans owned a % of their club and had an elected member on the board who sole purchase was the sound running of their club, They were talking of this in the grwoning age where clubs debts are mounting out of control and avoid situations like Portsmouth and Crystal Palace and the massive debts levels amoungest the top prem clubs.
Isnt that what a supporters Trust is all about tho ??
Yes Martyn it is but in fairness to the Trust it would take them decades to amass even a small minority holding of around 10-15%
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