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Got this from a Cardiff site concerning their accounts;
CARDIFF CITY ACCOUNTS;
Stadium now on the books at £50m
Net debt £4m
T/Over £17m
Operating Loss £10m
Profit on sale of fixed assets (NP £7m, Players £4m) £11m
Interest £2m
Loss £1m
Wage Bill £15m + £2m NI (far too high vs turnover)
Sams debt valed in books at £18m (£15m + £3m interest) + £9m naming rights (yeah £9m naming rights ). Repayable by 2016.
One new item on there was in the 'new' £10m agreement sam would have been due TWO extra payments of £5m if we went up and stayed up. I am starting to see why the Malaysians werent keen to pay up.
PMG £8.5m to be paid in stages up to Dec 2013
Stadium creditors being paid over 15 months from May 2010, so only 5 months left
SAC Loan £3.5m (was originally £2.5m with 50% 'redemption premium' -what a ****ing joke). Club is repaying this with a fixed % of any transfer proceeds.
Smallish loans left to directors (in the grnad scheme of things)
£200k paid to Whitelys company (still owed 200k at May 31)
£450k interest paid to PMG
£78k committment fees paid to PMG
Borley owed £1,2m for work done on stadium
Players valued at £4m (mainly Chopra's transfer fee)
CARDIFF CITY ACCOUNTS;
Stadium now on the books at £50m
Net debt £4m
T/Over £17m
Operating Loss £10m
Profit on sale of fixed assets (NP £7m, Players £4m) £11m
Interest £2m
Loss £1m
Wage Bill £15m + £2m NI (far too high vs turnover)
Sams debt valed in books at £18m (£15m + £3m interest) + £9m naming rights (yeah £9m naming rights ). Repayable by 2016.
One new item on there was in the 'new' £10m agreement sam would have been due TWO extra payments of £5m if we went up and stayed up. I am starting to see why the Malaysians werent keen to pay up.
PMG £8.5m to be paid in stages up to Dec 2013
Stadium creditors being paid over 15 months from May 2010, so only 5 months left
SAC Loan £3.5m (was originally £2.5m with 50% 'redemption premium' -what a ****ing joke). Club is repaying this with a fixed % of any transfer proceeds.
Smallish loans left to directors (in the grnad scheme of things)
£200k paid to Whitelys company (still owed 200k at May 31)
£450k interest paid to PMG
£78k committment fees paid to PMG
Borley owed £1,2m for work done on stadium
Players valued at £4m (mainly Chopra's transfer fee)
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