Trust chair Keith Morgan has made the following statement ahead of next week’s 50th anniversary of the Aberfan Disaster in which 116 children and 28 adults died in the 1966 tip slide.
Keith Morgan said: “Following discussions with Cardiff City Football Club, the Trust is pleased to announce that the club will be marking the 50th anniversary of the tragic events of the Aberfan disaster of October 21, 1966 with appropriate pre-match commemorati,ons which will include a one minute silence before kick-off.
“The Trust asks all fans to try and ensure that they are in their seats in sufficient time to allow this silence to be honoured as best possible. Our thoughts go out to all those whose lives were changed forever by the tragic events of that day.”
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A meeting took place between Cardiff City chief executive Ken Choo and Keith Morgan of the Trust on Monday, October 3rd, 2016:
Here is a summary of the main points arising from the above named meeting.
On field performance and manager position
Head Coach, Paul Trollope has been given 11 matches to prove himself. He has obviously adopted the Wales formation. However the results are far from satisfactory. The Management of the Club is extremely disappointed with the on field performance as we are driven by results. Therefore the Head Coach’s position remains under close review.
The “Transfer Committee”
There has been a great deal of confusion over this, causing some misleading information on messageboards and other social media so Ken was pressed for a proper explanation of what really happens. It was explained as follows.
Potential new player recruits are identified by the club’ s scouts across the UK and Europe. They report their findings to Head Scout who then makes a report with a long list of potential targets to an analytical department. They then research the players’ backgrounds, dig out video and other reports and present them to the Head Coach who produces a short “wish list” to the Transfer Committee. The Transfer Committee (Chairman, Head Coach, CEO and a Director) will have to agree together with endorsement by owner Vincent Tan. It was stressed by Ken Choo that no-one on the transfer committee suggests players that the manager must sign – it is his choice alone, subject to financial constraints allowing.
Debt to Equity
This is an ongoing dialogue between the Trust and the club. The current position is as follows. The debt to equity conversion of £68m announced in February is still being progressed, but the club still awaits the necessary regulatory approval from Malaysia for it to move towards finalisation as is required by any Malaysian national undertaking such transactions. However, the first of the pledged five annual conversions of £8m has been approved and the transaction will be noted in the May 2016 audited accounts as an event which took place after the financial year end. The Trust will continue to monitor and report on progress in this matter.
Financial Fair Play
As a result of financial controls put in place by the club’s board, the CEO was able to confirm that the accounts to 31 May 2016 which will shortly be submitted to the League will be FFP compliant with losses within the allowable limits. It was stressed however that compliance is an ongoing issue which will require further future financial controls to be in place.
Ken Choo stressed that he and the rest of the CCFC Board of Directors are fully aware of how fans feel about the current football performance. In order for us to win, we shall need ongoing support in the attempts to improve the position as soon as possible.
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Cardiff City Supporters’ Trust is delighted to announce that it will be supporting the charity Rookwood Sound during the current season 2016-17.
Rookwood Sound broadcasts radio programmes to patients, visitors and staff at Rookwood Hospital in Llandaff and at Llandough Hospital. Founded in 1987, and run entirely by volunteers, it has won National Hospital Radio awards and regularly broadcasts live coverage of Cardiff City matches.
We asked our members to let us know which charities we should support this season and Rookwood Sound was chosen by the Trust board. The Trust has a proud record in supporting charities, most notably Ty Hafan, the children’s hospice. Members will recall the more than £10,000 raised for this wonderful charity, principally from the sale of the Trust alternative match shirt produced when the club was playing in red at home.
Trust board member David Collins,who was interviewed on Rookwood Sound after the Leeds United game about the Trust’s work, said: “We wanted to do what we could to help a local charity, given that national charities can obtain funding from other sources. We were particularly impressed by Rookwood Sound’s invaluable coverage of Cardiff City games for patients, staff and visitors to Rookwood and Llandough.
“We’d like to invite members and non-members to show their support for Rookwood Sound and submit any ideas they may have for fundraising to us at the Trust’s stadium office between Gates 4 and 5. We’re normally open 90 minutes before kick-off times.”
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As most CCFC fans are aware, in February this year Tan Sri Vincent Tan made a public announcement that he would immediately be converting £68m of the debt due to him by the club into shares and would subsequently be carrying out further conversions over a 5 year period which would convert the balance due to him of approximately £40m. This announcement, at a meeting attended by Trust board representatives, would mean that the club would return to balance sheet solvency for the first time in many years and put the club in a far healthier financial position. The announcement was warmly welcomed by the Trust at the time.
Since February, the Trust board has been in regular and frequent contact with the club’s CEO and Chair in meetings and via email and telephone conversations, and this matter has formed part of that agenda. To help prevent any misunderstanding or misinterpretation of the current position, the Trust can report as follows.
The change of such a large sum of money from debt to equity by TSVT requires the approval of the Malaysian regulatory authorities and the process can be slow. Therefore, although this approval continues to be pursued and the club board are entirely confident that the matter is being positively progressed, it is not yet formally complete and so the £68m conversion has not yet been finalised. However, the first of the expected £8m conversions has been approved and put in place and will be reflected as a note to the 2015/16 audited accounts when they are submitted to the football authorities and Companies House.
The Trust will continue to liaise with the club at its board meetings on this matter and provide updates as appropriate.
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