Originally Posted by
the other bob wilson
Well you do have an agenda don't you. I know what a big City fan you were because of what you did regarding the book Richard Holt and I wrote five years ago - that's why I find it sad that it has come to this with you.
While the current version of FFP came in for 16/17, the table at 5.3 in the link Penarth Blues provided shows figures from 11/12 right through to 15/16, so that must tell us surely that they were what was in place during those years? Therefore, the highest Vincent Tan could have converted in any season since 11/12 was £8 million (the amount that has been knocked off the club's debt to him through this method over the past two or three seasons).
Based on the link I posted from 2010 about Man City's owner making a huge debt to equity conversion in 2010 while he still could because he knew the time for such things was running out, Vincent Tan may have had a year or so after he became more heavily involved with City in 2010 where he could have made a full and complete debt to equity conversion, but I'm not sure it could have happened at any time after that.
This would mean that a complete debt to equity conversion would not have been possible in May 2012 when all of the controversy about the rebrand broke and yet I was at a meeting with club officials where a group of City fans were told that such a conversion was "imminent".
Maybe Keith could confirm whether I'm right about debt to equity restrictions being in place from 11/12 onwards or whether I'm adding two and two and getting five?