shiv Posted 26 April 2010 Posted 26 April 2010 Don't invite us to your fooking league in the first place then. This won't be happening, we have investment due this week http://www.walesonline.co.uk/footballnation/cardiff-city-fc/2010/04/25/new-malaysian-investment-from-bluebirds-is-on-course-91466-26311607/ Kiss your dreams of 4th goodbye. Yes, cos it was definately my choice in inviting Cardiff to the English League...
Guest Mee-9 Posted 26 April 2010 Posted 26 April 2010 Why should we really give a shit if Cardiff go into administration and lose 10 points? We should be able to beat anyone if we're going to go up.
WhoDey Posted 26 April 2010 Author Posted 26 April 2010 Has anyone yet found out what Football League rules would actually apply in this case or is this topic pure speculation? On a Google search this topic crops up on various forums including Swansea City and Bristol City. In view of the protracted appeals and litigation surrounding Leeds United the Football League and its constituent clubs had a responsibility to overhaul the administration rules and provide for the situation of administration taking place after the end of a season and the conclusion of the Play Offs. If there is uncertainty then why shouldn't the Football League and its clubs be regarded by the public as disreputable for not putting into effect comprehensive rules? A team in the playoffs going into administration has never happened before so there is a question as to what the FL would do. If Cardiff don't go into administration, this thread will end up being pointless speculation. If Cardiff go into administration before the playoffs start then a 10 point penalty will apply to this season's points tally (the Yorkshire Post link in the first post on the thread) and Cardiff will either drop to 6th if results go their way, or if not drop to 7th. That part is definitely true. If that happened it would not be ideal as we would face a trip to Swansea or Blackpool at very short notice. If the hearing is adjourned and Cardiff go into administration after the playoffs, that's where it gets tricky. The way I see it, the 10 point penalty would be applied to this season's tally which would change the teams that should have contested the playoffs. The speculation part of the thread is whether or not the High Court will adjourn the hearing that's due to be held four days before the first leg, and what the FL would do if this third scenario happened.
unreachable Posted 26 April 2010 Posted 26 April 2010 A team in the playoffs going into administration has never happened before so there is a question as to what the FL would do. If Cardiff don't go into administration, this thread will end up being pointless speculation. If Cardiff go into administration before the playoffs start then a 10 point penalty will apply to this season's points tally (the Yorkshire Post link in the first post on the thread) and Cardiff will either drop to 6th if results go their way, or if not drop to 7th. That part is definitely true. If that happened it would not be ideal as we would face a trip to Swansea or Blackpool at very short notice. If the hearing is adjourned and Cardiff go into administration after the playoffs, that's where it gets tricky. The way I see it, the 10 point penalty would be applied to this season's tally which would change the teams that should have contested the playoffs. The speculation part of the thread is whether or not the High Court will adjourn the hearing that's due to be held four days before the first leg, and what the FL would do if this third scenario happened. I have tried without success to find the Football League administration rules/Sporting Sanction rules - they are not on the Football League website nor revealed by various Google searches. The Yorkshire Post source is dated June 2007 and the rules may have been amended since then. Other club forums mention that the points will be deducted at the end of the current season if *promotion* or *relegation* issues are affected. Mathematically, Cardiff could still remain in a Play Off spot with a 10 points deduction. Some posts say that the deduction would be next season. It is surprising (if it is the case) that The Football League did not frame the rules to cover the situation of a team in a Play Off position being affected since many other teams are affected by the final table positions. I'm not gloating at Cardiff's position but simply have a legitimate interest in how the final table looks since getting a home advantage in the second leg is usually regarded as worth having. Financial mismanagement is unfair on other competing teams if a cashflow advantage is gained enabling better players to be bought or retained or by pricing other teams out of deals for players. It can't be fair "to rob Peter to pay Paul" and as for Portsmouth withholding charity monies that definitely brings football into disrepute. Thank you for posting the thread - it's an interesting point and has occupied many other clubs' forums.
Guest ttfn Posted 26 April 2010 Posted 26 April 2010 The fact that Cardiff haven't been put into administration is a damning indictment of the artificial hold football has on the High Court. Nobody wants to wind up a football club (I certainly wouldn't enjoy the prospect) but if this was any other business, it would have been wound up months ago: The club has a debt of £1.9m to one major creditor (who knows where it ends? - let's not forgot they couldn't even afford to turn on the undersoil heating in December) which in itself would probably take up half of their season ticket revenue for next year, if they don't go up (only a 25% chance of promotion of course). It has in charge a man who was undoubtedly responsible for a similar, but far more high-profile business, going into administration. He has a history of incompetent management and is universally recognised as a useless businessman. In addition, the club has avoided two previous winding up orders by claiming that a new investor is imminent, only for all talk of new investment to disappear as soon as the winding up order is thrown out. And, surprise surprise, this mystery investor is interested again now that another winding up order is imminent. Finally, and most disgracefully of all, the board of directors mislead its major stakeholders, the fans, by selling season tickets early on the premise that investment would be made in the business. Instead it has gone to servicing a debt, a total breach of the supporters' trust. In any other business the sinned against stakeholder would have filed to take the business into administration. Obviously, this didn't happen. The whole situation is a total joke. If Cardiff get to the Premier League it will be a sad, sad day for football. They will have done so by conning the High Court and cheating the taxpayer to fund lavish signings and wages on the field. As I said, I don't want to see any club go into administration. But given what other clubs have gone into administration for (Bournemouth being the stand out example), fair's fair.
bakedalasker Posted 27 April 2010 Posted 27 April 2010 Rest assured guys we will not be going into administration or any liquidation. Hopefully by the time we will come to play Derby we will have new owners. These new owners have been talking with the tax man regarding the tax bill and all signs are that the problem has been sorted or at least the tax man is happy with everything. There has been alot of specualtion about what has been happening to us or what is going to happen. The latest I know is that everything seems ot be on course but the Ridsdale is playing up about selling his shares. This comes as no surprise to us and it the main reason why events are taking so long. Once everything is sorted I'm sure the truth will come out.
atw88 Posted 1 May 2010 Posted 1 May 2010 So yeah, this isn't happening. Sorry! http://news.bbc.co.uk/sport1/hi/football/teams/c/cardiff_city/8653322.stm
Narborough_fox Posted 1 May 2010 Posted 1 May 2010 Shouldn't be in our league anyway. Why it's called the second tier of ENGLISH football not english/ welsh.
atw88 Posted 1 May 2010 Posted 1 May 2010 Shouldn't be in our league anyway. Why it's called the second tier of ENGLISH football not english/ welsh. don't invite us to YOUR league like you did in 1915 then, moron.
WhoDey Posted 1 May 2010 Author Posted 1 May 2010 So yeah, this isn't happening. Sorry! http://news.bbc.co.uk/sport1/hi/football/teams/c/cardiff_city/8653322.stm From that article you posted: Malaysian businessman Datuk Chan Tien Ghee is planning a £6m investment, which will give him a 49% shareholding in the club. Not confirmed yet. I'm still keeping an eye on this. As I said earlier, the best solution to the problem is that Cardiff find the money and pay the HMRC so a mess doesn't have the chance to develop. This was never set up to be a thread having a go at the Welsh, or asking who we wanted to play in the SF.
The Doctor Posted 3 May 2010 Posted 3 May 2010 don't invite us to YOUR league like you did in 1915 then, moron. i'm pretty sure HE didn't. The fa might have but you seem to have one major loop hole in that you are (or at least were a couple of years ago) governed by the welsh FA, meaning if any desicions by the English FA go against cardiff, you have the opportunity to go and whinge to the welsh FA like you did over someone being suspended for the FA cup final. Now i'm okay with you playing in the english leagues just as i'm fine with the old firm playing south of the border provided A: All ties with the Domestic FA of the club are severed and the club is governed by the FA of the country whose leagues they are playing in & B: They start from the very bottom tier of football (The sunday league closest to the border of the country the club is based in)
Taffy Posted 3 May 2010 Posted 3 May 2010 Malaysian investor purchases 49% of cardiff. 6m funding in place Ridsdale to leave the club effective 31 may End of thread.
Fox in a Box Posted 5 May 2010 Posted 5 May 2010 Cardiff City have been given another 42 days to pay a £1.9million tax bill to Her Majesty's Revenue and Customs. The Championship club were back at the High Court on Wednesday morning for a further hearing regarding the outstanding debt. However, the matter has now been adjourned until 16th June, by which time Cardiff could have won promotion to the Premier League.
MikeyT Posted 5 May 2010 Posted 5 May 2010 Cardiff City have been given another 42 days to pay a £1.9million tax bill to Her Majesty's Revenue and Customs. The Championship club were back at the High Court on Wednesday morning for a further hearing regarding the outstanding debt. However, the matter has now been adjourned until 16th June, by which time Cardiff could have won promotion to the Premier League. Nahhhhhh
dogadug Posted 5 May 2010 Posted 5 May 2010 I thought this was supposed to be their last chance!! How many chances do they want!!
Fox You Forest Posted 5 May 2010 Posted 5 May 2010 Wonder if Southend would have been given the same opportunity had they not paid up.
Zingari Posted 5 May 2010 Posted 5 May 2010 Malaysian investor purchases 49% of cardiff. 6m funding in place Ridsdale to leave the club effective 31 may End of thread. he might "welsh" on the deal
samjohnson Posted 5 May 2010 Posted 5 May 2010 Wonder if Southend would have been given the same opportunity had they not paid up. Of course not... Cardiff are seen as a "bigger" club. It would ruin the football league to see a top 6 championship team get wound up... Absolutley piss poor decision by the finest justice system in the world... <_<
Wycombe Fox Posted 5 May 2010 Posted 5 May 2010 Cue some form of legal challenge from Swansea questioning Cardiff's right to take part in the play-offs...
bakedalasker Posted 5 May 2010 Posted 5 May 2010 The decision to allow an extra 42 days was at the request of the tax man. The judge had no choice but to go with it. The Malaysians investors Have set plans to own the club. The first stage of this plan is to hold an Emergency General Meeting (EGM) to allow the plan to initialise. An EGM is set for the near future, it excapes me the day but it is soon, and the taxman is aware of all this hence the request for 42 days. Basically the Malaysians will not invest more until the plan is approved at the EGM. Thats how it works. Its how takeovers work and the tax man knows this and is quite happy to allow these processes to go through the motions.
Babylon Posted 5 May 2010 Posted 5 May 2010 6m funding in place. Well that will last all of 6 months.
OriginalRobboFOX Posted 5 May 2010 Posted 5 May 2010 How can a club stall on paying HMRCs so many times when they have assets which they could sell to clear their debt eg. Joe Ledley etc. I know with our chequered history it's a bit 'pot, kettle, black' but I'm sure at the time of our financial crisis no club wanted to pay £5mil for Mole Scowcroft...
Benji Posted 5 May 2010 Posted 5 May 2010 At the end of the day the tax man wants paying. When the club have the possibility of bringing in £90 million of revenue if successful in just 3 games of football HMRC can hardly argue that it is essential to wind up the club as there is no other way of getting paid. I'm sure if they don't win the play-offs and investors don't pull out the money, things will change.
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