Cardiff City Forum



A forum for all things Cardiff City

We Are Insolvent - According To The Observer

Mon Jan 11, 2010 9:59 am

But we are in "good" company.

According to an article in the Observer yesterday. More than half of Championship clubs are technically insolvent, according to business information provider Equifax. Plymouth are the healthiest. Clubs were graded A to F with D an average financial health score, or I for insolvent

Score out of a 100 Insolvency rating
Plymouth 85 A
West Brom 83 A-
Derby 61 C+
Reading 54 C-
Scunthorpe 52 C-
Watford 42 D
Barnsley 39 I
Sheff Utd 30 E+
Ipswich 26 I
QPR 16 F+
Nttm Forest 13 I
Newcastle 11 I
Bristol City 10 I
Leicester 9 I
Preston 8 F
Doncaster 8 I
Cardiff 4 I
Peterborough 4 I
Sheff Wed 2 I
Swansea 2 I
Crystal Palace 2 I
Coventry 2 I
Middlesbrough 0 I
Blackpool 0 I

Dunno how Barnsley can be insolvent with that score. Luckily for us we own our ground otherwise we really could be up sh!t creek, oh, sorry, we are.

Re: We Are Insolvent - According To The Observer

Mon Jan 11, 2010 10:42 am

Not all bad news Swansea only scored 2. Our score of 4 means our financial health is twice as good as their's :lol:

Re: We Are Insolvent - According To The Observer

Mon Jan 11, 2010 10:44 am

Tony Blue Williams wrote:Not all bad news Swansea only scored 2. Our score of 4 means our financial health is twice as good as their's :lol:

:lol:

Re: We Are Insolvent - According To The Observer

Mon Jan 11, 2010 11:23 am

Can someone bookmark this thread for the next time a Jack turns up gobbing off about our debt?

Re: We Are Insolvent - According To The Observer

Mon Jan 11, 2010 12:29 pm

Tony Blue Williams wrote:Can someone bookmark this thread for the next time a Jack turns up gobbing off about our debt?


Meaningless. It's based around credit score amongst other things, so clubs with low scores are either those in perilous state OR are well run, haven't had to get credit lines. Equally, the Jacks don't list players as assets AFAIK, so would have an artificially low rating.

I don't believe their finances are amazing, and could be in trouble in future years, but no way are they insolvent.

Re: We Are Insolvent - According To The Observer

Mon Jan 11, 2010 12:59 pm

nerd wrote:
Tony Blue Williams wrote:Can someone bookmark this thread for the next time a Jack turns up gobbing off about our debt?


Meaningless. It's based around credit score amongst other things, so clubs with low scores are either those in perilous state OR are well run, haven't had to get credit lines. Equally, the Jacks don't list players as assets AFAIK, so would have an artificially low rating.

I don't believe their finances are amazing, and could be in trouble in future years, but no way are they insolvent.


Some of ours are liabilities too :cry:

Re: We Are Insolvent - According To The Observer

Mon Jan 11, 2010 1:15 pm

nerd wrote:
Tony Blue Williams wrote:Can someone bookmark this thread for the next time a Jack turns up gobbing off about our debt?


Meaningless. It's based around credit score amongst other things, so clubs with low scores are either those in perilous state OR are well run, haven't had to get credit lines. Equally, the Jacks don't list players as assets AFAIK, so would have an artificially low rating.

I don't believe their finances are amazing, and could be in trouble in future years, but no way are they insolvent.


OK I understand all that but those thick f**King inbreds won't. :lol:

Re: We Are Insolvent - According To The Observer

Mon Jan 11, 2010 1:24 pm

What a meaningless table :roll:

Re: We Are Insolvent - According To The Observer

Mon Jan 11, 2010 1:43 pm

Wayne S wrote:
Dunno how Barnsley can be insolvent with that score.


Easy - Peter Ridsdale was there! People are assuming that something nasty will eventually crawl out of the financial woodwork!
:D :D

Re: We Are Insolvent - According To The Observer

Mon Jan 11, 2010 2:03 pm

Tony Blue Williams wrote:
nerd wrote:
Tony Blue Williams wrote:Can someone bookmark this thread for the next time a Jack turns up gobbing off about our debt?


Meaningless. It's based around credit score amongst other things, so clubs with low scores are either those in perilous state OR are well run, haven't had to get credit lines. Equally, the Jacks don't list players as assets AFAIK, so would have an artificially low rating.

I don't believe their finances are amazing, and could be in trouble in future years, but no way are they insolvent.


OK I understand all that but those thick f**King inbreds won't. :lol:


Ah, yeah, forgot that. :oops: :oops: