Reply With QuoteSo tan can convert his debt to equity but the club can still operate at £65M over those 5 seasons? Tidy!Originally Posted by JumpersforGoalposts
| + Visit Cardiff FC for Latest News, Transfer Gossip, Fixtures and Match Results |
Thanks Since62 Jumpersforgoalposts and Alfonso Perez for taking the time to give detailed info. It might be worth bumping this thread in the future to help communicate to those that need this info.
I appreciate that this is complicated stuff and it's hard for folks to get their head round, but it would help if fans made some effort to understand what is going on rather than revert to emotional guesswork on Vincent Tan's intentions for the future.
Lawnmowers point above is bang on too. This is not the season to go gung ho on gambling on promotion. Hopefully we won't be gambling at all again in the future. This practice has only held CCFC back from fulfilling it's potential.
So tan can convert his debt to equity but the club can still operate at £65M over those 5 seasons? Tidy!
Its clear we are in for a tough few seasons.
Tans not going to back a promotion challenge. Think most realised that when we went back to blue.
Yup, in a nutshell.
The difference being that Tan is taking any loss as opposed to others who pocketed money at the Club's expense. This subject has been done to death but now seems to be in vogue again. There are those who wanted the debt reduced are now wanting us to spend big to bring back the likes of Campbell.
I can see why you're saying that TruBlue. Weak pound, club way off it's potential with good assets. But the 2nd tier of English football is looking enviable at the moment. As Lawnmower says above, there's too many other clubs chucking money at gambling on promotion too, so it's not rational factoring in the payoff of going up. Added to this, there are a lot of economists saying we could be in for another global meltdown soon (though this might be divisive "opinion" and have something to do with it being a US election year). I better shut up before I get this useful thread booted into the politics forum.
The debt is currently far less than when Tan got involved, about £20m less from memory. In answer to your question about which is the 'better' debt I would suggest that our current financial position is more favourable noting that when Tan arrived HMRC were on the verge winding us up & we also had a number of other significant creditors in the background, notably Langston/Sam Hammam.
Read the demand for Campbell.
Those days are gone.
We do need to invest in a striker or 2 but the reality its to secure our place in this league.
Fraizer Campbell is out of our price range.
Most fans who have hung around now know this, expect crowds to fall a lot more over the next season is so.
As if we hadn't had enough thrown at us before Tan, he's taken it to another level. I can see why so many previous loyal fans who are hitting 45+ just think F it, life is too short bla bla.....cheerio ccfc....
I think the debt levels now are about the same as when he got involved. This is based on a post I read from Since62 the other day. Shame he's on holidays, hopefully he can sneak back on when his wife's back is turned.
Either way there is now a plan in place to bring that debt down. Unfortunately this is going to mean a few seasons of austerity but there does seem to be a plan in place and the creditor has the money to write it off if he so wishes.
Before he got involved I believe we were losing 1m a month and had HMRC trying to wind us up.
We had a charlatan in charge who didn't have nothing to put in, had run out of credit and already spent the following season ticket money.
It's not really a difficult answer to the question "Which debt would you prefer?"
What an idiotic question
I think the debt levels now are about the same as when he got involved. This is based on a post I read from Since62 the other day. Shame he's on holidays, hopefully he can sneak back on when his wife's back is turned.
Either way there is now a plan in place to bring that debt down. Unfortunately this is going to mean a few seasons of austerity but there does seem to be a plan in place and the creditor has the money to write it off if he so wishes.
Before he got involved I believe we were losing 1m a month and had HMRC trying to wind us up.
We had a charlatan in charge who didn't have nothing to put in, had run out of credit and already spent the following season ticket money.
It's not really a difficult answer to the question "Which debt would you prefer?"
What an idiotic question
From memory the debt exceeded £60m when Tan arrived & is now around the £40m mark - as you say if Since 62 can find an excuse to slip away he can hopefully clarify
I forgot about the Riddler's infamous golden ticket scheme, I suppose we did get a 5 year price freeze out of it so not all bad I suppose
Without his scam the tax man was closing us down.From memory the debt exceeded £60m when Tan arrived & is now around the £40m mark - as you say if Since 62 can find an excuse to slip away he can hopefully clarify
I forgot about the Riddler's infamous golden ticket scheme, I suppose we did get a 5 year price freeze out of it so not all bad I suppose
He was a naughty guy but he kept our little ship afloat...just...
yes the penny as finally dropped
now he realises that he as ****ed the fanbase up, and will sell up at the earliest opportunity.
if he was so bothered about cardiff he would throw the money back into getting cardiff back in the premier league in BLUE, but he will never do that in a million years.
the billionaire tan is more concerned about an image and a brand, than cardiff city football club.
We haven't got any money for Tan to take out. The problem is he knew feck all about football and didn't realise how much money he was going to lose and unfortunately he got burnt by people he trusted with his money but I would much rather we go down this road to eventually have a self sufficient club than if he fecked off and left
yes the penny as finally dropped
now he realises that he as ****ed the fanbase up, and will sell up at the earliest opportunity.
if he was so bothered about cardiff he would throw the money back into getting cardiff back in the premier league in BLUE, but he will never do that in a million years.
the billionaire tan is more concerned about an image and a brand, than cardiff city football club.
Grown ups are talking here so please be quiet & speak when you are spoken to
grown upsGrown ups are talking here so please be quiet & speak when you are spoken to
dont hold your breathe dummy.
Sorry Goats but that's just a cop out.
A lot of those fans said they'd rather be blue than in league 2. Yet these same fans are now moaning at what appears is going to be a bumpy road in the championship.
Tan throws money at it (his money) he gets blamed for raising the debt.
He addresses the debt and now people want him to throw more millions at it.
The club can't and wont ever be able to win with some fans.
From the blue, to the debt, to the worm on the badge or the red away kit.etc.etc there will always be some excuse.
And this is why we have people complaining about the board - same crap jokes from the Leeds fan.
grown ups
dont hold your breathe dummy.
If you are going to try to be clever maybe worth learning to spell first
As hard it may be please dont feed the troll.Grown ups are talking here so please be quiet & speak when you are spoken to
You've raised some good points on this thread don't let him derail it.
i will spell it out for ya , tan does not give a monkeys chuff about cardiff city anymore.If you are going to try to be clever maybe worth learning to spell first
you dont play in red anymore, is that plain enough for ya, he will take is money and play somewhere else.
why do you think your home games are like a graveyard every couple of weeks eh.?
I'd add to this European football, tick, Giant killing, tick, Play off final win, tick, Wembley visits, tick, FA cup final, tick, League cup final, tick, Premiership, tick. Many fans (of that age) ambitions fulfilled. Plus same old opposition year after year. It's probably time to refresh the fan base as well. Trouble is many of the missing 45+ group have taken the next generation with them.
Fair points Casual, but as I recall, there was already a Malaysian consortium headed up by TG - Dato Chan Tien Ghee - who had already pulled us out of the sh1te - before - VT steamed in (and upped the ante and muscled them all out).I think the debt levels now are about the same as when he got involved. This is based on a post I read from Since62 the other day. Shame he's on holidays, hopefully he can sneak back on when his wife's back is turned.
Either way there is now a plan in place to bring that debt down. Unfortunately this is going to mean a few seasons of austerity but there does seem to be a plan in place and the creditor has the money to write it off if he so wishes.
Before he got involved I believe we were losing 1m a month and had HMRC trying to wind us up.
We had a charlatan in charge who didn't have nothing to put in, had run out of credit and already spent the following season ticket money.
It's not really a difficult answer to the question "Which debt would you prefer?"
What an idiotic question
Just saying. Surely others remember this too?
bullshit
relegation onwards the red plastic glory brigade left long ago
Posting Permissions
