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Trust Welcomes Excellent News On Cardiff City Finances

Trust chair Keith Morgan

Cardiff City Supporters’ Trust chair Keith Morgan today highlighted two excellent pieces of financial news following a meeting yesterday with Cardiff City Chief Executive, Ken Choo.

Keith Morgan said: “Firstly, there has been a further massive conversion of debt due to the owner Vincent Tan into equity (shares). The amount involved is a huge £66.4m and is in addition to conversions of £8m in an earlier year and £12.7m in June 2017.

“The latest conversion took place at the end of May 2018  This is a major boost to the club’s balance sheet position and is a further great example of Vincent Tan’s continued commitment to the club.

“The second piece of good news is that the club has received formal confirmation that is was compliant with the Profitability and Sustainability (formerly Financial Fair Play) Rules for the 2017-18 season just ended.”

“In view of recent well publicised difficulties other football clubs have experienced with P&S (FFP) compliance, the fact that Cardiff City Football Club (CCFC) is running its financial affairs in a compliant manner is very encouraging.”

As someone who deals with football financial matters as part of his professional work as a director of Mazars a global accountancy firm , the issue of conversion of debt to equity is often a subject discussed with Ken Choo at regular meetings Keith Morgan has with him on behalf of the Trust. Meetings also discuss other key issues on a regular basis.

Brian Mertens: A Tribute to a Trust Stalwart

We are very sad to report that Brian Mertens, a long-serving member of Cardiff City Supporters’ Trust, has passed away.

Brian was a board member of the Trust for many years, only recently stepping down from the role due to illness.

He was a familiar figure at the Cardiff City Stadium running the Trust office, near Gate 5, for many years. Brian also liaised with other football club trusts across the Wales and England and had represented the Trust at meetings with Cardiff City Football Club and at national supporter conferences.

Trust chair Keith Morgan said: “Brian was a stalwart of the Trust and believed passionately in the aims of the wider movement.

“Brian always had the interests of members at heart and was always ready to tell people about work of the Trust and encourage them to sign up. He was a true Bluebird and a season-ticket holder for many years, always supporting fervently his beloved Cardiff City. Sadly, Brian won’t be there supporting the team when they return to Premier League action in August.

“We will all miss him. The Trust wishes to offer our condolences to Brian’s family and friends at this very difficult time.”

Rest In Peace, Brian.

Three Trust Members Pass Away

Over the last few months three of our members have passed away.

We offer our condolences and sympathy to the family and friends of Brian Hopley, Patricia Whittle, and our oldest member, Roger Williams, who would have been 98 in August.

We are very grateful for the support given by Brian, Patricia and Roger to the Trust over the years. All were true Bluebirds’ fans.

Looking Forward To The Premier League, With Praise For Neil Warnock

In a near two-hour chat, Bluebirds legend Jason Perry and BBC Wales’ soccer correspondent, Rob Phillips (pictured with Trust chair Keith Morgan) looked back at the Bluebirds’ promotion season and prospects for the new Premier League season.

They were full of praise for work of manager Neil Warnock and his transformation of the club from relegation strugglers to promotion, describing it as an unbelievable achievement.

Rob stressed that fans needed to be realistic about the new season. “It will be a question of ‘can they get results the way they play and can they cope with big defeats that will inevitably come?’ “You will have to get used to losing more,” he told Trust members.

“The questions are ‘can they pull off a marquee win, can they beat those around them’? Teams will not want to concede throw-ins and corners against Cardiff City. Cardiff City may not be pretty but they impose themselves on you.

“People will say they cannot survive in the Premier League the way they play but you never know. Finishing 17th would be a huge success.”

He noticed the atmosphere at the club was completely different from the previous Premier League promotion. “I do think the feeling was different after the Reading game compared to the Charlton promotion game. Neil Warnock is good at managing up which is important for his relationship with the owner and has brought everyone together.”

Jason said that loan signings would be massively important and he thought Josh Murphy, the speedy signing from Norwich, could play an important role under Warnock. “Warnock will be looking for more and better players who can play his style.”

Jason praised squad players like Matt Connolly and Anthony Pilkington, who often sat on the bench. They made an impact when they came on as Pilkington did scoring the equaliser away against Sheffield United while Connolly never let anyone down when called on. The strength of the squad would be key, he stressed.

The former centre half also highlighted the often underrated defender Lee Peltier, who he felt would have a part to play, although he does not get forward as much as others. “He loves a tackle.”

Fred Keenor’s son passes away

Fred Keenor FA Cup trophy picBryn Keenor, the son of Fred Keenor, captain of Cardiff City’s 1927 FA Cup Final winning team, has passed away.

His daughter, Veronica, contacted the Trust last night with the news. Bryn was 90.

As a baby he was famously pictured in the FA Cup trophy, held by his father.

Bryn was the last surviving child of the legendary Bluebirds skipper.

Trust chair Keith Morgan said: “The Trust wishes to express its condolences to Bryn’s family and friends  at this very difficult time.

“The picture of Bryn in the FA Cup was iconic and probably one of the most famous images in the history of the competition.”

In November it will be the sixth anniversary of the Fred Keenor statue being unveiled at the Cardiff City Stadium. The Trust led the appeal to raise the funds for the statue, supported by fans and organisations.

 

We Don’t Want to Lose Contact With You

Over the last month the Trust has been writing to all members by post and email to assist us in complying with the new General Data Protection Regulation (GDPR).

It appears that there are a number of instances where members may have moved house and changed email address. Members do supply work email addresses but may also have changed jobs.

If you have not heard from the Trust recently regarding GDPR it may be because we do not have your up-to-date contact details. Verbal consent is not enough.

If you have changed address and/or email and have not heard from us regarding this subject can you please advise us of any changes by emailing members@ccfctrust.org or by post to :- Cardiff City Supporters’ Trust, PO Box 4254, Cardiff, CF14 8FD.