Daily star report Tan has a brochure out trying to flog us

[Pedro de la Rosa]

It's now getting close to eighteen months since Vincent Tan announced he would convert £68 million of debt into equity - the original reason given for the delay in that happening was the amount of time it takes for the Malaysian Government to authorise such transactions, but, surely, it shouldn't take this long?

The story in the Star raises the possibility that the main debt to equity conversion has gone through without the media fanfare that I for one was fully expecting when it happened. If it has done and the asking price quoted is an accurate one, then it seems to me that all City fans should be thankful to Mr Tan wiping out the majority of our debt while also putting the club up for sale at what strikes me as a pretty reasonable price in today's market.

However, if I had to guess, I'd say that there isn't much to this story. I think seven years is longer than normal for anyone to be an owner in today's game and now may be a good time for Mr Tan to sell up if he is that way inclined - I just believe that it's likely that there needs to be more preparatory work for such a sale at City.

I thought they had to stage the debt to equity over 5(?) years to beat FFP, as the investment isn't allowable under FFP rules. I think!

While I'm no Tan fan and despised the rebrand, I think Choo and therefore Tan, are doing a pretty good job at the moment. We could get a better owner but equally, we could get Vincent Tan mk1.

[the other bob wilson]

I thought they had to stage the debt to equity over 5(?) years to beat FFP, as the investment isn't allowable under FFP rules. I think!

While I'm no Tan fan and despised the rebrand, I think Choo and therefore Tan, are doing a pretty good job at the moment. We could get a better owner but equally, we could get Vincent Tan mk1.

You're right, there were going to be staged payments of a seven figure sum every year for five years starting with the payment that was included in the club accounts for y/e 31/5/16 and I presume the next installment will be in the y/e 31/5/17 figures when they're released. However, the biggest payment was the one of £68 million referred to in these pieces

http://www.walesonline.co.uk/sport/f...-debt-10875878

and

http://www.walesonline.co.uk/sport/f...xpert-12703275

As far as I'm aware, this still hasn't gone through.

[Pedro de la Rosa]

You're right, there were going to be staged payments of a seven figure sum every year for five years starting with the payment that was included in the club accounts for y/e 31/5/16 and I presume the next installment will be in the y/e 31/5/17 figures when they're released. However, the biggest payment was the one of £68 million referred to in these pieces

http://www.walesonline.co.uk/sport/f...-debt-10875878

and

http://www.walesonline.co.uk/sport/f...xpert-12703275

As far as I'm aware, this still hasn't gone through.

Ah, you're correct. I naively thought the £68m was the full whack, then remembered it isn't! I would have thought, had it happened there would have been a great deal of fanfare, and it would have had to have been included in the accounts, although they're about 12 months out of date now.