Cardiff City Forum



A forum for all things Cardiff City

Will getting to the premier league bankrupt us?

Tue Feb 02, 2010 11:10 pm

The reason I say this is that slot of our debt has been restructured to immediate payment on promotion to the premier league. The latest being money owed to the council not sure how much has changed not payment for 5 years unless we get promoted then full payment is due. Isnt the langstone debt structured like this? I'm sure I've read other debt is like this as well. Can someone more knowledgable do a simple cost benefit analysis for prem income for next season against money owed. This wud also include a £3m refund to the fans.

Re: Will getting to the premier league bankrupt us?

Tue Feb 02, 2010 11:15 pm

Heads we go bankrupt now, tails when we get to the premier - it's great being a Cardiff fan. :lol:

Re: Will getting to the premier league bankrupt us?

Tue Feb 02, 2010 11:34 pm

There won't be much left for new players .

Re: Will getting to the premier league bankrupt us?

Wed Feb 03, 2010 12:00 am

it will when riddler takes his promotion bonus

Re: Will getting to the premier league bankrupt us?

Wed Feb 03, 2010 12:26 am

I think the plan is to yoyo

Re: Will getting to the premier league bankrupt us?

Wed Feb 03, 2010 1:28 am

I went to a talk a few years back to listen to the Norwich city chief executive. He said that there plan was to follow Charltons was of establishing itself as a premier league club and that was basically to go up get relegated then use the prem money and the parachute payments and also he talked about the extra fans/season tickets holders would remain high. Use all this to come back up with a stronger bank balance and squad.

And we all know where these teams are now.