MORE LIES MORE LIES THE NEW CASH INJECTION FROM SALES OF OUR

LAND ??

We were told by SELLING THE OUR 2 PLOTS OF LAND OF TO Paul Guy for £1.8 million and Steve Borley for Half a Milliom, we would get a New Cash which would pay The Tax Man lol
Only 2 people went against the proposal at THE EGM Mike Rodericks and Myself, I Got ridiculed.

Well there is not enough money to pay the Tax Man again as, Guess what NO MONEY WAS HANDED in to OUR CLUB, Its just been taken off Paul Guys Debt of £9 Million and Steve Borleys £1.2 Million Debt,(Borleys we always knew about and I respect).

ANY COMMENTS PLEASE, Maybe they were right to do that, but why LIE AGAIN.

Looks like they're flogging off anything they can get the hands on and pocketing the cash, I wonder why that would be.

The bastards, I booked fights home for Easter to take in the jacks and forrest away, at this rate there'll be no club for me to see.

IN MY OPINION MOST OF THEM ARE READY TO DO A RUNNER

IN MY OPINION MOST OF THEM ARE READY TO DO A RUNNER

it looks like they are convinced administration is coming, they are not going to pay off debts on a club that is going down when they can line there own pockets !!

It sure looks that way to me. A case of damage limitation to certain directors finances if it turns out to be true, not doubting Annis here, he's just relaying the info but I relly do fear for Tuesday. I don't think there's anyway HMRC are going let riddler off the hook this time unless he can magically conjure up a few million from somewhere.

really looks like admin is now going to happen, reducing their debts before admin comes into force.
wonder if ANYONE now doubts the boards intentions, inc mr borley.
shocking if true.

Isn't that what Borley said all along? That the value of the land would be taken off his debt?

Not a new revelation really.

It sure looks that way to me. A case of damage limitation to certain directors finances if it turns out to be true, not doubting Annis here, he's just relaying the info but I relly do fear for Tuesday. I don't think there's anyway HMRC are going let riddler off the hook this time unless he can magically conjure up a few million from somewhere.

They are offering some money.

Isn't that what Borley said all along? That the value of the land would be taken off his debt?

Not a new revelation really.

On Borleys land yes, but not Guys land.

Annis,

If this is true there must be a course of action available as the sole purpose of the EGM was to agree to the land sale for the hotel to pay off the tax. Borley always said that he his money would reduce his loans to the club.

A lot more shareholders would have voted against it if they knew the money was going to reduce the loans from directors.

Another very interesting week on the horizon - and a couple of matches too!

BTW - well done yesterday.

Mike

Annis,

If this is true there must be a course of action available as the sole purpose of the EGM was to agree to the land sale for the hotel to pay off the tax. Borley always said that he his money would reduce his loans to the club.

A lot more shareholders would have voted against it if they knew the money was going to reduce the loans from directors.

Another very interesting week on the horizon - and a couple of matches too!

BTW - well done yesterday.

Mike

we have taped the EGM

and will soon be putting it on here

IN MY OPINION MOST OF THEM ARE READY TO DO A RUNNER

I think thats 100% guaranteed. If the Malaysians dont come up trumps by wednesday morning, it will be admin for us.

IN MY OPINION MOST OF THEM ARE READY TO DO A RUNNER

I think thats 100% guaranteed. If the Malaysians dont come up trumps by wednesday morning, it will be admin for us.

The Tax man should give us 14 days at least I Hope.

LAND ??

We were told by SELLING THE OUR 2 PLOTS OF LAND OF TO Paul Guy for £1.8 million and Steve Borley for Half a Milliom, we would get a New Cash which would pay The Tax Man lol
Only 2 people went against the proposal at THE EGM Mike Rodericks and Myself, I Got ridiculed.

Well there is not enough money to pay the Tax Man again as, Guess what NO MONEY WAS HANDED in to OUR CLUB, Its just been taken off Paul Guys Debt of £9 Million and Steve Borleys £1.2 Million Debt,(Borleys we always knew about and I respect).

ANY COMMENTS PLEASE, Maybe they were right to do that, but why LIE AGAIN.

Wow is that true ref PMG ?

in fairness the money was stated to be paying off stadium debtors, not the tax, I think the tax thing was assumed by us. But for all the money to have gone to pMG well thats naughty.

One thing, if you've got this right Annis they cant let the club go into admin otherwise the Oficial Receiver will be bting their arses VERY VERY hard in relation to preferences to creditors whilst trading insolvently.

so should the next march end up outside the offices of pmg..

i didnt go on the march yesterday,as didnt feel it right, mainly due to too much 'in house' arguements amongst supporters,

but was impressed on organisation and behaviour

Why sould the taxman give us 14 days?? weve taken the piss out of him big time
SO LETS GET THIS STRAIGHT

The major Shareholders (Borley Guy and good old Peter) devise a plan to con the supporters to buy season tickets ( And please dont tell me ST didnt know how deeply we were in the shit . And if he didnt he had no right to be on the board) for new players to push for promotion. Then when they welshed on that promise. They then said it was to pay the taxman!! Now it’s to pay the two major shareholders the money owed to them before they pull the plug and ride of into the sunset.

And 10.000 supporters got season tickets for next season not knowing if there will be a team. And I don’t give a shit who comes on here to say certain directors have made a loss being on the board of Cardiff City. All in all the only people who made a loss are the supporters of Cardiff City

You ask people to give Mr Borley respect???? Not one of them shysters has given us the respect we deserve .My old man used to say politicians were there for the name or the gain Well in my book the same goes for the board of CCFC

There's obviously now no doubt that members of the board are using their positions to remove assets from the club ahead of other creditors and people who can less afford the monies they are owed.

Contractors are owed money that could keep them from going out of business, fans are conned into investing in tickets with false promises and HMRC are being laughed at in the face of legal action that could shut our club.

But hey as long as board members can take money, assets or shares out of the club at these testing times why should we worry. PMG, you invested in a club hoping for a return, that is the risk of the investment. WHY should you be able to dilute that risk at the expense of other creditors and the very existence of our club. How do you sleep at night, I suppose it's your conscience that is first to go when your wealth and greed is threatened

There's obviously now no doubt that members of the board are using their positions to remove assets from the club ahead of other creditors and people who can less afford the monies they are owed.

Contractors are owed money that could keep them from going out of business, fans are conned into investing in tickets with false promises and HMRC are being laughed at in the face of legal action that could shut our club.

But hey as long as board members can take money, assets or shares out of the club at these testing times why should we worry. PMG, you invested in a club hoping for a return, that is the risk of the investment. WHY should you be able to dilute that risk at the expense of other creditors and the very existence of our club. How do you sleep at night, I suppose it's your conscience that is first to go when your wealth and greed is threatened

Makes you wonder where the £2.6m season ticket money really did go, doesn't it?

Makes you wonder where the £2.6m season ticket money really did go, doesn't it?

It does. The optimist in me hopes that the lessening of the large debts like Langston down to 10mill and PMG down to 7mill is the plan to entice the Malaysians in as long as we can con HMRC for another few months. But I doubt it.

It feels a lot more like a removal of assets so that we have nothing to pay creditors when admin is called. HMRC and the FA are waiting for a club to make an example of and what better than a Welsh club who will not be allowed back into the English system. A very worse case scenario but the whole situation for a capital city club is beyond belief.

we have taped the EGM

and will soon be putting it on here

With or without my wazz?

Unfortunately, I don't think anyone ever said that the land sale proceeds would be used to pay the tax bill.

I thought the Steve Borley deal was to pay off some of the debt the club owes him,however THE PMG deal was money coming into the club.My sources at the club tell me this is true.

Unfortunately, I don't think anyone ever said that the land sale proceeds would be used to pay the tax bill.

Perhaps not but no one would expect it to pay off the PMG debt when there were other creditors who were threatening winding up orders.

Unfortunately, I don't think anyone ever said that the land sale proceeds would be used to pay the tax bill.

Perhaps not but no one would expect it to pay off the PMG debt when there were other creditors who were threatening winding up orders.

You're right but as I said before the EGM, a cynic might think that PMG is extracting the last drop of value from the club before pulling the plug out.

Unfortunately, I don't think anyone ever said that the land sale proceeds would be used to pay the tax bill.

Perhaps not but no one would expect it to pay off the PMG debt when there were other creditors who were threatening winding up orders.

You're right but as I said before the EGM, a cynic might think that PMG is extracting the last drop of value from the club before pulling the plug out.

I said similar back at the beginning of February when I suggested that the land was being sold cheaply, it may have had an independent valuation but as we are on the cusp of a revival in house prices that £1.5million land is not only an asset stripped from the club, but inside 18 months it may double in value.

So without dropping another penny into the clubs coffers, in 18 months time PMG could have recouped £3million of their debt by way of this land asset.

http://www.ccmb.co.uk/fudforum/index.ph ... sg_1753385

Unfortunately, I don't think anyone ever said that the land sale proceeds would be used to pay the tax bill.

I have this awful feeling you are right.

I was terribly suspicous when Flitcroft said something about £2.3m being paid in wages and similar amount in taxes.

As tax is 40% for most of the players if add that to the £1m which was paid off the arrears and employers NI contributions it would give you a figure of around £2.3m; with the gross wage bill (before tax) also being £2.3m.

Unfortunatley the actual amount spent wouldn't be more than the £2.6m raised from season ticket money due to double accounting affect of tax and NI.

Flitcrofts statement was pure spin with the waters muddied in such a way no-one saw what he was really saying.

And they wonder why we think that their transparency is fake?

Unfortunately, I don't think anyone ever said that the land sale proceeds would be used to pay the tax bill.

I have this awful feeling you are right.

I was terribly suspicous when Flitcroft said something about £2.3m being paid in wages and similar amount in taxes.

As tax is 40% for most of the players if add that to the £1m which was paid off the arrears and employers NI contributions it would give you a figure of around £2.3m; with the gross wage bill (before tax) also being £2.3m.

Unfortunatley the actual amount spent wouldn't be more than the £2.6m raised from season ticket money due to double accounting affect of tax and NI.

Flitcrofts statement was pure spin with the waters muddied in such a way no-one saw what he was really saying.

And they wonder why we think that their transparency is fake?

No mate. He said £2.3m had been paid in Tax and £2.3m PAID in wages.

The £2.3m in tax would be part old debt £1m and part new.

He was just pointing out.
1. ST money started coming in in late Oct/Nov and was being used as soon as November
2. It had nearly all gone along with other funds which had come in over that period

Quite straightforward . The only problem is, his boss was telling us money coming in was needed for players and hiding the disaster which was unfolding around them.

No mate. He said £2.3m had been paid in Tax and £2.3m PAID in wages.

The £2.3m in tax would be part old debt £1m and part new.

He was just pointing out.
1. ST money started coming in in late Oct/Nov and was being used as soon as November
2. It had nearly all gone along with other funds which had come in over that period

Quite straightforward . The only problem is, his boss was telling us money coming in was needed for players and hiding the disaster which was unfolding around them.

I wasn't there so I'll take your word for it.

However, we are led to believe the tax debt was £2.6m (Ridsdale mentioned it on week in week out) with the £1m payment lowering it to £1.6m at present.

So how does that tie in with £2.3m which had been paid according to Flitcroft, if that was true we would only owe £300,000?

There's obviously now no doubt that members of the board are using their positions to remove assets from the club ahead of other creditors and people who can less afford the monies they are owed.

Contractors are owed money that could keep them from going out of business, fans are conned into investing in tickets with false promises and HMRC are being laughed at in the face of legal action that could shut our club.

But hey as long as board members can take money, assets or shares out of the club at these testing times why should we worry. PMG, you invested in a club hoping for a return, that is the risk of the investment. WHY should you be able to dilute that risk at the expense of other creditors and the very existence of our club. How do you sleep at night, I suppose it's your conscience that is first to go when your wealth and greed is threatened

Makes you wonder where the £2.6m season ticket money really did go, doesn't it?

PR told me ( or should I say SCREAMED at me ) , when I questioned him about the season ticket money, that he used it to pay the players

No mate. He said £2.3m had been paid in Tax and £2.3m PAID in wages.

The £2.3m in tax would be part old debt £1m and part new.

He was just pointing out.
1. ST money started coming in in late Oct/Nov and was being used as soon as November
2. It had nearly all gone along with other funds which had come in over that period

Quite straightforward . The only problem is, his boss was telling us money coming in was needed for players and hiding the disaster which was unfolding around them.

I wasn't there so I'll take your word for it.

However, we are led to believe the tax debt was £2.6m (Ridsdale mentioned it on week in week out) with the £1m payment lowering it to £1.6m at present.

So how does that tie in with £2.3m which had been paid according to Flitcroft, if that was true we would only owe £300,000?

The rest would have been Nov,, Dec, Jan PAYE (or Dec, Jan and Feb). £1m OLD and £1.3m current bills £400k ish per month.

Trust me

if the board are asset stripping as has been suggested and they have the front to ask for more money in the form of this silver ambassador rubbish then im afraid we are up the creek without a paddle why would the malaysians come in now when they can sit back and get the club for peanuts in a few weeks i hope risdale pmg rot in hell for fecking up our club