What do you all honestly think will happen to us

Yes if PR survives This Month then I reckon DEF WE WILL GO IN TO ADMINISTRATION

we shud have gone into admin weeks ago if u ask me which would then make CCFC ripe for a takeover but then Ridsdale and rest of the board would lose millions , but like u say if he , I hope he doesnt , stays then its a forgone conclusion . I see the smaller debts are now starting to build as ppl are gettin pissed of by not bein paid . This is a recession and who knows maybe some smaller companies could go under unless CCFC pay them whats owed ?

Mr Ridsdale, if you do read this message board generally, and this post inparticular, please do the decent thing and resign from our club - give the club a chance of attracting some new investment.

You've got what you came for, you've bled us dry - to be fair there is very little more that you can now take out of the club, so you might as well call it a day now.

I appreciate you taking the time to read this thread, enjoy this afternon, say your goodbyes and leave us alone.

Many thanks

I am old skool (school), and we would have run ninian park ragged in the late 80s early 90s.

I dont want PR there as much as anyone else but what happens if he goes today, who takes over, wont they just inherit the debt and we will still be in shit ?

I am old skool (school), and we would have run ninian park ragged in the late 80s early 90s.

I dont want PR there as much as anyone else but what happens if he goes today, who takes over, wont they just inherit the debt and we will still be in shit ?

Yes but while he is there, he some how creates bigger debts each week as he has no idea about how to look after money.

i think administration could be a good thing, i know it would stop us going up but it would get rid of the current board and attract new investors

I am old skool (school), and we would have run ninian park ragged in the late 80s early 90s.

I dont want PR there as much as anyone else but what happens if he goes today, who takes over, wont they just inherit the debt and we will still be in shit ?

Yes but while he is there, he some how creates bigger debts each week as he has no idea about how to look after money.

I think he is creating a nice nest egg and then he will shoot off.

So, what actually happens to us, 'if' we go into admin ?
Would we have to sell players (as assets) ?
What do the administrators do ?

Asking because I just dont know !

Last edited by CornwallBluebird on Sat Feb 20, 2010 10:36 am, edited 1 time in total.

I am old skool (school), and we would have run ninian park ragged in the late 80s early 90s.

I dont want PR there as much as anyone else but what happens if he goes today, who takes over, wont they just inherit the debt and we will still be in shit ?

Yes but while he is there, he some how creates bigger debts each week as he has no idea about how to look after money.

annis i disagree with your last sentence..
ridsdale does know how to look after money but its called his own

So, what actually happens to us, 'if' we go into admin ?
Would we have to sell players (a assets) ?
What do the administrators do ?

Asking because I just dont know !

Yes players are the only assets left so yes they will go to pasy off some of the creditors and we will be left with kids next season. Ridsdale and his cronies will all be gone because the gravy train will have ended. Who thinks Dave Jones will stay once his £800,000 a year salary is slashed??? Be prepared for a terrible time next season if we are still in existence!!!

I am old skool (school), and we would have run ninian park ragged in the late 80s early 90s.

I dont want PR there as much as anyone else but what happens if he goes today, who takes over, wont they just inherit the debt and we will still be in shit ?

Yes but while he is there, he some how creates bigger debts each week as he has no idea about how to look after money.

Well said Annis that is the route of the problem with Ridsdale who has no concept of business, he only sees money.

When he took over in 2007 he often bemoaned the fact that 'Cardiff City only turned over £10m, where as Leeds turned over £70m'

That's his problem he only 'sees' the turnover (the money) and spends it as though it's profit. When he runs short or needs to pay bills he plunders next year’s turnover by mortgaging future earnings.

It is the economics of the asylum.

What Ridsdale should take note of this very short but poetic saying "turnover is vanity, profit is sanity" and tattoo it across his head so that he doesn’t forget it.

I hate to say it but I believe we will go a step beyond admin.

From what I hear I fear insolvency ......even our future income has gone.

I can't understand for the life of me how PR has been able to do it again.

He can't even pay his tax bills from the past.

Definately go into Administration i think. I dont think anyone will invest with the amount of debts we have but will if they can get it on the cheap once we have gone into administration, makes sense really. Its just shit for the club in the meantime, i think we will survive the drop though with a 10 point deduction. Just rebuild then for next season, not that i want it to happen but its what i think.....

I hate to say it but I believe we will go a step beyond admin.

From what I hear I fear insolvency ......even our future income has gone.

I can't understand for the life of me how PR has been able to do it again.

He can't even pay his tax bills from the past.

The club is technically insolvent. The consequences of continuing to run a business that is insolvent, can be quite severe.

we are broke, we owe millions, ridsdale is still lining his pockets and we running up more debts. administration is the only way the club is heading.