Wed Feb 24, 2010 2:18 pm
Wed Feb 24, 2010 2:21 pm
Owain wrote:Seeing as everyone on here is quick enough to jump on his back, and slag him off does anyone know how much money he has made out of Cardiff City verses how much money he's invested, and how much free work he did?
I don't think you can compare Borley to Hall/Guy, I think you're all taking it a bit far!
Wed Feb 24, 2010 2:23 pm
Wed Feb 24, 2010 2:24 pm
Owain wrote:Seeing as everyone on here is quick enough to jump on his back, and slag him off does anyone know how much money he has made out of Cardiff City verses how much money he's invested, and how much free work he did?
I don't think you can compare Borley to Hall/Guy, I think you're all taking it a bit far!
Wed Feb 24, 2010 2:24 pm
Wed Feb 24, 2010 2:26 pm
Wed Feb 24, 2010 2:27 pm
Owain wrote:Seeing as everyone on here is quick enough to jump on his back, and slag him off does anyone know how much money he has made out of Cardiff City verses how much money he's invested, and how much free work he did?
I don't think you can compare Borley to Hall/Guy, I think you're all taking it a bit far!
Wed Feb 24, 2010 2:33 pm
Tony Blue Williams wrote:Owain wrote:Seeing as everyone on here is quick enough to jump on his back, and slag him off does anyone know how much money he has made out of Cardiff City verses how much money he's invested, and how much free work he did?
I don't think you can compare Borley to Hall/Guy, I think you're all taking it a bit far!
He has the HoS which will make him £200,000 per year and put at least £5m on the balance sheet of his company.
He also receives interest at 7% P/A on his £250,000 loan (base rate 0.5%)
I accept that is much less than what Guy & Hall have taken out, but not bad all the same.
Wed Feb 24, 2010 2:38 pm
CF11 wrote:Tony Blue Williams wrote:Owain wrote:Seeing as everyone on here is quick enough to jump on his back, and slag him off does anyone know how much money he has made out of Cardiff City verses how much money he's invested, and how much free work he did?
I don't think you can compare Borley to Hall/Guy, I think you're all taking it a bit far!
He has the HoS which will make him £200,000 per year and put at least £5m on the balance sheet of his company.
He also receives interest at 7% P/A on his £250,000 loan (base rate 0.5%)
I accept that is much less than what Guy & Hall have taken out, but not bad all the same.
Had he not taken it on, would the club have been able to afford to build it?
Also I believe there is a clause to allow the club to buy back the land in 12 months? I may be incorrect though
Wed Feb 24, 2010 2:43 pm
Tony Blue Williams wrote:
With respect mate the question was "How much has Borley made from CCFC?" and I gave an answer which is truthful.
Also Borley was part of the board which got us into such a mess that he had to take it on. If the club had been prudently run and built the facility it would have benefited from the income or the £5m which could have raised from selling it.
Wed Feb 24, 2010 2:48 pm
CF11 wrote:Tony Blue Williams wrote:
With respect mate the question was "How much has Borley made from CCFC?" and I gave an answer which is truthful.
Also Borley was part of the board which got us into such a mess that he had to take it on. If the club had been prudently run and built the facility it would have benefited from the income or the £5m which could have raised from selling it.
I understand that, but it doens't answer the question of how much money he's made.
He's paying for the land, and is paying to build the house of sport which has to be built anyway.
The club weren't going to be able to build it, so I don't see how Borley is the crook here!
I completely agree about Borley being part of the board, that's something I've tried saying before that Ridsdale isn't the only culprit! The board including a finance director that should be overseeing things, but up until now everyone seemed to just blame Ridsdale.
Wed Feb 24, 2010 2:51 pm
CF11 wrote:
He's paying for the land, and is paying to build the house of sport which has to be built anyway.
The club weren't going to be able to build it, so I don't see how Borley is the crook here!
Wed Feb 24, 2010 2:54 pm
Wayne S wrote:CF11 wrote:
He's paying for the land, and is paying to build the house of sport which has to be built anyway.
The club weren't going to be able to build it, so I don't see how Borley is the crook here!
and then he will run it and take any income from it. It may not be much but over the years he will make money from it plus it will always have it's value as land and a saleable business.
Or do you think out of the goodness of his heart he is throwing money away?
Wed Feb 24, 2010 3:00 pm
CF11 wrote:Wayne S wrote:CF11 wrote:
He's paying for the land, and is paying to build the house of sport which has to be built anyway.
The club weren't going to be able to build it, so I don't see how Borley is the crook here!
and then he will run it and take any income from it. It may not be much but over the years he will make money from it plus it will always have it's value as land and a saleable business.
Or do you think out of the goodness of his heart he is throwing money away?
The thing is, the club should have already built it and should be getting the money from it.
The problem being the club can't afford to, and had to ask for extensions to the deadline.
Now Borley has taken over the liability of getting it built on time, and will get whatever rent it will make, but there is the option for the club to buy it back in 12 months ( I think that's right ) at the market value.
The club have to build it, but they can't. What other option is there?
What's happening now is Borley is building it, and the club can buy it once it's all built if they are in a position to do so.
Wed Feb 24, 2010 3:03 pm
CF11 wrote:Wayne S wrote:CF11 wrote:
He's paying for the land, and is paying to build the house of sport which has to be built anyway.
The club weren't going to be able to build it, so I don't see how Borley is the crook here!
and then he will run it and take any income from it. It may not be much but over the years he will make money from it plus it will always have it's value as land and a saleable business.
Or do you think out of the goodness of his heart he is throwing money away?
The thing is, the club should have already built it and should be getting the money from it.
The problem being the club can't afford to, and had to ask for extensions to the deadline.
Now Borley has taken over the liability of getting it built on time, and will get whatever rent it will make, but there is the option for the club to buy it back in 12 months ( I think that's right ) at the market value.
The club have to build it, but they can't. What other option is there?
What's happening now is Borley is building it, and the club can buy it once it's all built if they are in a position to do so.
Wed Feb 24, 2010 3:05 pm
Tony Blue Williams wrote:
Well that option is about as much use as a chocolate fireguard. FFS where will this club get a spare £3.5m to buy back the HoS in the next 12 months?
And that's if that option exists because I haven't heard of it before.
Wed Feb 24, 2010 3:13 pm
CF11 wrote:Tony Blue Williams wrote:
Well that option is about as much use as a chocolate fireguard. FFS where will this club get a spare £3.5m to buy back the HoS in the next 12 months?
And that's if that option exists because I haven't heard of it before.
I'm not too sure if I'm honest. I've definitely thought I'd heard it from somewhere, but I may be wrong.
Wed Feb 24, 2010 3:23 pm
Tony Blue Williams wrote:TBH Mate I think there was something along those lines if the Council had taken the project over, which would have happened if the club (now Borley) had failed to build (or begin to build) the HoS by this December.
However, the club would have forfitted the Hotel/HoS plot and even the ownership of the stadium might have been in doubt.
Wed Feb 24, 2010 3:28 pm
CF11 wrote:Tony Blue Williams wrote:TBH Mate I think there was something along those lines if the Council had taken the project over, which would have happened if the club (now Borley) had failed to build (or begin to build) the HoS by this December.
However, the club would have forfitted the Hotel/HoS plot and even the ownership of the stadium might have been in doubt.
Could be, I can't find it anywhere else anyway
But going on what I said beforehand, if Borley hadn't commited to building it what would the club do? I know he'll be getting the rent from it, but I wonder whether many others would have been interested in taking on the project.
Interesting to see the other that were slagging Borley off haven't managed to comment on this thread yet.
Wed Feb 24, 2010 3:35 pm
Wed Feb 24, 2010 3:35 pm
Wed Feb 24, 2010 3:37 pm
milly44 wrote:i will be honest i couldnt give a f**k wether its the house of sport, or the houses of parliment being built. what grates on me if the contempt and the arragance he and the board treat us fans with. he has used to annis to get through to us, then back stabbed us all. sadly loyalty counts for f**k all to most in todays world, people are to quick to want an easy ;life and look after number 1.
Wed Feb 24, 2010 3:38 pm
CF11 wrote:I understand that, but none of us know what was actually said, or whether in fact it was taken the right way do we?
True- that is another option, but why should be the one to put the money in rather than the other board members? It would have been nice to see Ridsdale put something in!
If Borley put more money in to pay for the HoS how would we pay for the tax bill? The way it is now, Borley has taken on the building of the HoS, meaning £3m or so less the club need to pay and in doing so allowed the club so sell £2m or so of land.
Unless Borley was to put £5m+ in then it wouldn't really add up
Wed Feb 24, 2010 3:39 pm
The Rhooster wrote:CF11 wrote:I understand that, but none of us know what was actually said, or whether in fact it was taken the right way do we?
True- that is another option, but why should be the one to put the money in rather than the other board members? It would have been nice to see Ridsdale put something in!
If Borley put more money in to pay for the HoS how would we pay for the tax bill? The way it is now, Borley has taken on the building of the HoS, meaning £3m or so less the club need to pay and in doing so allowed the club so sell £2m or so of land.
Unless Borley was to put £5m+ in then it wouldn't really add up
CMB Engineering have taken it on not Steve Personally.
Wed Feb 24, 2010 3:41 pm
CF11 wrote:The Rhooster wrote:CF11 wrote:I understand that, but none of us know what was actually said, or whether in fact it was taken the right way do we?
True- that is another option, but why should be the one to put the money in rather than the other board members? It would have been nice to see Ridsdale put something in!
If Borley put more money in to pay for the HoS how would we pay for the tax bill? The way it is now, Borley has taken on the building of the HoS, meaning £3m or so less the club need to pay and in doing so allowed the club so sell £2m or so of land.
Unless Borley was to put £5m+ in then it wouldn't really add up
CMB Engineering have taken it on not Steve Personally.
Yeah ok, but still it's an estimated £3m or so that his company are having to pay to build it.
Wed Feb 24, 2010 3:41 pm
CF11 wrote:The Rhooster wrote:CF11 wrote:I understand that, but none of us know what was actually said, or whether in fact it was taken the right way do we?
True- that is another option, but why should be the one to put the money in rather than the other board members? It would have been nice to see Ridsdale put something in!
If Borley put more money in to pay for the HoS how would we pay for the tax bill? The way it is now, Borley has taken on the building of the HoS, meaning £3m or so less the club need to pay and in doing so allowed the club so sell £2m or so of land.
Unless Borley was to put £5m+ in then it wouldn't really add up
CMB Engineering have taken it on not Steve Personally.
Yeah ok, but still it's an estimated £3m or so that his company are having to pay to build it.
Wed Feb 24, 2010 3:47 pm
just for the record I will be purchasing the HOS site above market rate subject to shareholders agreement at an EGM and then I will build the new Academy facilty for Cardiff City out of my own funds and then foot the running costs. This action allows the club to sell the remaining development land and the money then being used to stabilise the club. I am infact taking on a liability and an obligation.
Wed Feb 24, 2010 4:02 pm
CF11 wrote:Ok, whether people believe Borley or not here is what he has said in the past with regards to the HoSjust for the record I will be purchasing the HOS site above market rate subject to shareholders agreement at an EGM and then I will build the new Academy facilty for Cardiff City out of my own funds and then foot the running costs. This action allows the club to sell the remaining development land and the money then being used to stabilise the club. I am infact taking on a liability and an obligation.
Wed Feb 24, 2010 4:06 pm
Wayne S wrote:CF11 wrote:Ok, whether people believe Borley or not here is what he has said in the past with regards to the HoSjust for the record I will be purchasing the HOS site above market rate subject to shareholders agreement at an EGM and then I will build the new Academy facilty for Cardiff City out of my own funds and then foot the running costs. This action allows the club to sell the remaining development land and the money then being used to stabilise the club. I am infact taking on a liability and an obligation.
The EGM statement also states that CMB will be paid for the lease of the facility by the club so the liability will reduce just like with any investment. In fact if CMB were to lose out on this, their sanity should be questioned.
I notice also that CMB are not paying the club £450,000 for the land, it is coming off what is owed to CMB for the building work on the stadium. So it only PMG's $1.8million that is available to pay off the tax man.