Cardiff City Forum



A forum for all things Cardiff City

when we go into admin........

Wed Jan 27, 2010 9:52 pm

will the club fold if pmg do not, for example accept 10p or 20p in the pound, am i right in thinking that the ownership of the ground will be lost to the council.

Re: when we go into admin........

Wed Jan 27, 2010 9:59 pm

dutchdog wrote:will the club fold if pmg do not, for example accept 10p or 20p in the pound, am i right in thinking that the ownership of the ground will be lost to the council.


PMG have abot £15m in the club. Do you think they will allow administraiton and lose 90% of their investment? It won't happen.

Re: when we go into admin........

Wed Jan 27, 2010 10:07 pm

why don't they pay the tax bill then

Re: when we go into admin........

Wed Jan 27, 2010 10:09 pm

It wont happen

Re: when we go into admin........

Wed Jan 27, 2010 10:14 pm

dutchdog wrote:why don't they pay the tax bill then


They most probably will. The closer it goes to the wire the more chance they have of ousting Ridsdale. Its just another game of cards. It looks like the end of the world to us fans but the likes of Guy, who is a wealthy and astute businessman, are far to smart for the likes of Riddler who has surrounded himself with cronies and whos own company, WH Sports owes hundreds of thousands in unpaid tax...

We are in the final moments of the Ridsdale era.

Re: when we go into admin........

Wed Jan 27, 2010 10:15 pm

dutchdog wrote:why don't they pay the tax bill then



That's my thinking aswell. Seems silly to lose alot of money for the sake of 2.7 million which in comparisson is not alot.

Re: when we go into admin........

Wed Jan 27, 2010 10:31 pm

I sometime think it might be better for us to go into administration, WHATS YOUR THOUGHYS ON THIS ?

Re: when we go into admin........

Wed Jan 27, 2010 10:37 pm

BLUEBIRD wrote:I sometime think it might be better for us to go into administration, WHATS YOUR THOUGHYS ON THIS ?


There's not a single club in the league who are in a better position now as a result of going into admin.

Off the top of my head

Luton
Rotherham
Crystal Palace
Southampton
Leeds

All are still reeling in lower divisions and are having to totally rebuild. It's the absoulte last resort. We have several welathy men on board who will prop us up until a buyer can be found.