TLG - are going to some games now?
Ignore now seen your earlier comment - glad to hear you go to some games
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TLG - are going to some games now?
Ignore now seen your earlier comment - glad to hear you go to some games
Interesting read concerning the difference between debt and equity: http://www.ccfctrust.org/?p=3599
Interesting that article was written in May 2014. There have been more promises of converting debt to equity since then, and none have been realised. Why does he keep making promises, is it to keep fans quiet, or is it "fake news"? I talked to some of my mates lunch-time about this, they were all of the opinion that Tan had converted all debt to equity. Probably, stemming from the news article where Tan's language is quite definite - "£68m of debt to equity - immediately".
Why do you actually care?
Are you a shareholder ?
Do you purchase match tickets ?
Do you buy merchandise?
Does VT owe you the debt ?
What the debt is really has nothing to do with any of us.
I eat in wagamamas now and again. As long as the food is ok I don’t care what their debts are
I go on TUI holidays and I know they have had problems but it’s not my concern.
Are you worried what Real Madrid’s debt is ?
Probably 90% of Uk football teams are in debt. As long as the HMRC are not knocking at the door then they will continue trading.
Lots of questions.... I only asked one.
In February 2016, Vincent Tan claimed he was converting £68m of debt to equity immediately. Did he mean it? Why didn't he do it? Was he lying to fans? Is there a reason why this hasn't happened, if so why wasn't it mentioned in the accounts?
The rest of your post is full of strawmen, it is fine if you are unwilling to answer my point, but I will answer the only real question you asked.
"Why do you care?"
My answer is, why don't you?
I would imagine that there are different tax rules in different countries Feedy.
Tan didn't make good on his promise in February 2016. I am amazed that people still take him at his word on other things - especially when the backdrop is a decade of Sam Hammam's lies, deceit, and financial incompetence. Fool me once, shame on you, fool me twice, shame on me.
Honestly, because I have a wife, and family that comes first and they are my priority. Then I have other hobbies and past times that mean a lot to me. I do however ,have extended family who need looking after from time to time and I suppose that is quite a worry.
I love Cardiff City but I do not worry about their finances, I was a bit concerned when Sam Hammam threatened to close us down, but thankfully he’s been paid off.
Why don’t you just treat the club as I do and go down tomorrow and cheer the team on ?
I have a spare ticket you can have for free if your intrested although the down side of that is you will be sat next to me and a few mates.
No it didn't.
But since then he has (at least - I may have missed some items) converted £20.7m of debt to equity, written off another £10m and waived all interest on his loans to the club.
He made a major claim in the fans Q&A meeting in February 2016 - but the club subsequently said that Malaysian financial regulations prevented him from making good straight away, and Dalman also came out later to say that in changing circumstances he advised Tan against a big bang debt to equity conversion.
What we have seen is consistent financial support in the transfer windows and for the day to day running of the club, and smaller scale write-offs and conversions.
It is not what was said in February 2016, but it is significant and seems to be continuing as part of a clear strategy by the owner and the board.
I don't get the notion of not going to see City play because they don't like the owner, because of the change to red or for some other reason. Although I respect the fact that an individual can do what they want....attend or not attend, like Tan or dislike Tan etc.
I had a season and a half of attending often but not all the time, 14/15 & 15/16. Yes it was boring and I found it hard to get enthused about the club. The reversion back to blue helped.
But I realised I actually like going to watch a football team, my team is Cardiff so it's natural for me to go down to the CCS on a Saturday or Tuesday. I actually like watching a game of football for 90 minutes or so. My team is City so I watch them. I wouldn't support anyone else.
I've watched City long enough to know that we can mess things up pretty easily, on and off the pitch. But I actually like watching a game of football, the rest of it...Tan, the manager, the transfers, the finances are all interesting but I still get a buzz when City win, whether it's 2-1 against Barnsley by hanging on for the second half or by beating Birmingham 5-0, like we'll hopefully will do tomorrow.
You know it’s true bra .....