cardiff going bust ?no club to surport?what about admin?

my take on things is that the current board or shareholders wont ever let this happen due to there own intrest not the clubs intrest , they would lose millions as they would only get 10p in the £1 at the most as they will become only creditors.also i cant see us going out of business look at other clubs who have gone in to admin they had a lot worse debts than us and they are still playing today some are better off ! .if we did enter admin there would be businessmen falling over them selves to get a cheap deal ! 40 million pound club for 4 million or so? .it is a worring time but i would rather a club debt free and rebuliding with new owners than the shower of shit we got now! if its new owners with big cash or new owners who buy us from admin that will be fine with me ,recently its been crap all this talk of cashflow problems and mismanagement from the top ,maybe admin this season whilst we are safe from relagation and after the transfer window is closed so we wouldnt lose our players would be the best idea?.if we entered admin this season at least we could stay in the championship and not lose the 10 points for next season than if we went into it in the summer months.
who knows whats going to happen but i am 100% sure that cardiff city will be here in years to come

CARDIFF CITY will allways be there

my take on things is that the current board or shareholders wont ever let this happen due to there own intrest not the clubs intrest , they would lose millions as they would only get 10p in the £1 at the most as they will become only creditors.also i cant see us going out of business look at other clubs who have gone in to admin they had a lot worse debts than us and they are still playing today some are better off ! .if we did enter admin there would be businessmen falling over them selves to get a cheap deal ! 40 million pound club for 4 million or so? .it is a worring time but i would rather a club debt free and rebuliding with new owners than the shower of shit we got now! if its new owners with big cash or new owners who buy us from admin that will be fine with me ,recently its been crap all this talk of cashflow problems and mismanagement from the top ,maybe admin this season whilst we are safe from relagation and after the transfer window is closed so we wouldnt lose our players would be the best idea?.if we entered admin this season at least we could stay in the championship and not lose the 10 points for next season than if we went into it in the summer months.
who knows whats going to happen but i am 100% sure that cardiff city will be here in years to come

It's an interesting one - as a potential investor, what are the Pro's and Con's of putting a lot of money into a club prior to, and therefore avoiding administration, compared to putting money into a club to buy it out of administration. Presumably the cost would be a lot less, but there would be some mighty pissed off businesses in Cardiff who might think twice about providing services to the club again! As a club we lose 10 points and mid table mediocrity would be likely - is that the only sanction from the football league for going into admin?

I'm tired of hearing that Admin is the magic solution.

Getting into it is easy, it's the getting back out again that would be very problematic for us. To continue in the league you have to get out having come to an arrangement with your creditors that is satisfactory to them and the league authorities. Given that most of our debt is owed to PMG and Langston, I can't see them signing up to 10p in the £1 or some other derisory figure.

surely the lure of potential premiership football is far greater than putting a team into administration when you are in the play off places. losing 10 points is not an attractive prospect when your up there in the mix

every owner wants the adulation of being a saviour and/or the messiah, its what they spend millions on!

I'm tired of hearing that Admin is the magic solution.

Getting into it is easy, it's the getting back out again that would be very problematic for us. To continue in the league you have to get out having come to an arrangement with your creditors that is satisfactory to them and the league authorities. Given that most of our debt is owed to PMG and Langston, I can't see them signing up to 10p in the £1 or some other derisory figure.

they would have a chance of buying back the club at 10p or so with no debt langstone or pmg,also the creditors would have to take the best offer or they would lose evrything if fully wound up

I'm tired of hearing that Admin is the magic solution.

Getting into it is easy, it's the getting back out again that would be very problematic for us. To continue in the league you have to get out having come to an arrangement with your creditors that is satisfactory to them and the league authorities. Given that most of our debt is owed to PMG and Langston, I can't see them signing up to 10p in the £1 or some other derisory figure.

So it is in the interests of the existing management to avoid administration at all costs! Any potential investors would have to be convinced of future cash flows to buy the club as a going concern or invest in the club for a proportion of future cash flows. We have to face facts - there is probably no one out there who wants to buy City out of a great love for the club; they would have surely surfaced already.
Give PR and DJ until the 31st January 2010. If nothing positive has emerged on the playing side then the fans should unleash the dogs of war in terms of demonstrating against the board. This carries the big assumption that the tax man has been paid by this time and the transfer embargo has been removed by the league.
We should give them the time asked for by Steve Borley have everything in place for maximum effect.

they would have a chance of buying back the club at 10p or so with no debt langstone or pmg,also the creditors would have to take the best offer or they would lose evrything if fully wound up

Who would have the chance to buy it back? Ken Bates pulled something similar at Leeds and that's why they got done for 30 points. The League won't let that happen again.

So it is in the interests of the existing management to avoid administration at all costs!
We should give them the time asked for by Steve Borley have everything in place for maximum effect.

Agree 100%

So it is in the interests of the existing management to avoid administration at all costs!
We should give them the time asked for by Steve Borley have everything in place for maximum effect.

Agree 100%

Absolutely A lot of people on here think it is simple just to go into Administration, get bought out, come out of administration and then start again.

Well here's the rub ................. it ain't that easy

If the administrators get any wind of dodgy dealing winding-up is still a very real option. Even after agreement is made with shareholders and creditors there would still be significant issues on a day to day basis. For example, if we were looking to buy a player how likely do you think the selling club are to allow instalments Have you tried to buy a TV on credit with a bad credit rating ............ it ain't gonna happen We would also have to sell and clubs would be looking for cheap sales like when Kav, Gabbs and Ginge went for less than £4m for the 3 of them The football league will also monitor the financial state for the coming years as they have to look after the interests of the clubs were are competing with.

Administration is only preferable to a full winding-up order, it is something to be avoided at almost any cost.

So let's get realistic here and take the emotion out of the discussion. I've loved this club since my first game 39 years ago, we've always been in a greater or lesser degree of financial turmoil Things are pretty serious at the moment but if we can pay off the HMRC, get a couple of loans in and hopefully a decent level of inward investment then we have a chance. If these things don't happen, then we have a mandate to make our views heard and ensure we get some answers.

Going bust? no chance of that at least until the end of the season it would cause far too much disruption to the football league in what is a multi billion pound game and they would not allow it to happen. I dont think anybody really knows how deep in debt we really are save the major shareholders. So to say going bust is an impossibility would be a bit strong, although I hope not. No club to support? the answer is the same as above. Administration? That may be forced upon us by one of our creditors. How many creditors we have and how much we owe time will tell but it's pretty hefty methinks. It's going to be one hell of a juggle keeping up with the day to day running costs of the club without much income coming in. Therefore in my view there will be a few players leaving the club ib this transfer window and none coming in, that is pretty sad but inevitable. This is a very sad time in our clubs history and I just hope investors will come in to rescue us soon. Meanwhile let's get behind the eleven players out on the pitch tonight, it's not their fault and I am sure they are just as worried if not more about the situation than us because after all we are talking about their livelyhoods here. Football is feeling the pinch like any other business in what is one of the worst recessions in living memory, it has just taken longer to hit the game than most other industries. There will very likely be a few clubs going out of business completely. I very much hope we are not one of them.

I think you will find that PMG will get £1 for every £1 they are owed including interest if we enter administration. They have a charge over everything of value at CCFC including the £3m which has just been raised through season ticket sales.

They are the Number 1 secured creditor and would get paid first whatever the situation. The only way they would lose out is through their shareholding (worth around £1.5m) or if we couldn't raise £9.7m through player sales or asset stripping which is highly unlikely.