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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.

Tim Hartley

At present I am vice-chairman of Supporters’ Direct which is the umbrella body for supporters’ trusts in Europe. It is in this capacity that I feel that I can offer most to our Trust; both by keeping Trust Board members up to date with developments on the football governance front and by enabling our Trust to have a voice on matters of importance to all trusts.

I am still fully committed to what I consider to be the four main aims of the Trust.

These aims are:

  • To represent the views of our members and to ensure effective dialogue between them and Cardiff City AFC;
  • To increase supporters’ influence and to campaign for supporter representation on the Club board;
  • To help strengthen the links, understanding and cooperation between the Club, its supporters and the community it serves;
  • To work with stake-holders, opinion-formers, other supporters’ bodies and organisations so that the Trust is known as a positive, inclusive and representative group.

The main challenges I see that lie ahead are 1] to increase the membership of the Trust and 2] to improve the way that we communicate generally and with our membership in particular. This is where I think that, in the coming year, our time and effort should be focussed.

Working closely with other groups the Trust has had its successes. Think of the campaign to return to blue colours, a fairer pricing policy, the Memorial Garden and the Fred Keenor Statue. The Trust has also staged many successful social events both at the Stadium and in the fans’ communities With your support, I look forward to the continuation of this level of activity.

Clive Harry

My first City game was a 3-2 home win over Derby County in the winter of 1957 possibly proving that Derby’s 2018 dislike of cold weather is not a recent occurrence.

Since then I have been present at most of the memorable occasions in the club’s history including the promotion winning Aston Villa game on 1960, ECWC games such as Real Zaragoza and Real Madrid, promotions and Wembley appearances as well as the heartache of relegations.

I also spent a year as a Press Officer/Director of another club which gave me the highs of involvement in European football on more than one occasion as well as the lows of insolvency. Such experiences have given me some knowledge of the problems of football administration which, hopefully, can prove of assistance to the Trust.

Like many other supporters I became somewhat disillusioned with the running of the club around the time of the change of shirt colour and felt that decisions were being made in isolation from supporters without any real understanding of the consequences.

Fortunately such relations have improved since the return to blue but the Trust still has an important role to play in strategic club matters such as governance, financial matter such as debt to equity as well as representing members’ views.

My role within the Trust is that of membership secretary.

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.”