People calling for Tan to go

[Rjk]

Re: People calling for Tan to go

Would it be idiotic to stop pouring money into a failed project and cut your losses?

Bear in mind that Cardiff City Football Club under the stewardship of Tan and his minions even managed to lose money in the Premier League. Twice.

I think it isn't unusual for clubs to lose money in their first year in the premier League, as there is often a lot of squad strenghening to do. I think we last made a profit in 2019, bit most of our recent seasons have been a loss.
Sadly most championship sides are making losses most of the time

[dembethewarrior]

Re: People calling for Tan to go

Splendid. We are all chums again! Thank the Lord..... :hehe:

Not that it matters to most, but generally I am always friends on here. A lot gets lost in translation when you type, me and my mate had a chat about it Sunday after we had disagreement/misunderstanding on the Saturday and talked it through over txt. He said to me Sunday that I was pissed off Saturday and replying in an angry manner etc, which was all laughed off when we saw each other on the Sunday and things were explained better dace to face..

Not sure why I've typed that out but it seemed relevant before I started to ramble.

[The Lone Gunman]

Re: People calling for Tan to go

I think it isn't unusual for clubs to lose money in their first year in the premier League, as there is often a lot of squad strengthening to do.

I think I'm right in saying that CCFC has made a profit just once or maybe twice during Tan's reign, and each time the profit was relatively small, especially by comparison to the losses.

The club has decided to cut its losses on players often enough in recent years. I don't think it would be at all idiotic if Tan was to decide to cut his losses on the club. On the contrary, unless he's going to dramatically change the way he runs the club, it would seem the sensible thing to do.

[pomeroy]

Re: People calling for Tan to go

I think I'm right in saying that CCFC has made a profit just once or maybe twice during Tan's reign, and each time the profit was relatively small, especially by comparison to the losses.

The club has decided to cut its losses on players often enough in recent years. I don't think it would be at all idiotic if Tan was to decide to cut his losses on the club. On the contrary, unless he's going to dramatically change the way he runs the club, it would seem the sensible thing to do.

When you talk about cutting one’s losses put a figure on it. Presumably we are not talking about a couple of grand but hundreds of millions. Put a figure on what you think CCFC is presently worth.

[The Lone Gunman]

Re: People calling for Tan to go

When you talk about cutting one’s losses put a figure on it. Presumably we are not talking about a couple of grand but hundreds of millions. Put a figure on what you think CCFC is presently worth.

It's not worth a cockle.

[pomeroy]

Re: People calling for Tan to go

It's not worth a cockle.

So essentially you are saying that CCFC is worth nothing which effectively means you are suggesting that Tan takes a hit in excess of £100million on selling the club even if someone was prepared to buy it!!

[Dorcus]

Re: People calling for Tan to go

So essentially you are saying that CCFC is worth nothing which effectively means you are suggesting that Tan takes a hit in excess of £100million on selling the club even if someone was prepared to buy it!!

I'm not sure it should concern is just how much the guy is prepared to.lose on his investment but obviously the lower the asking price the more likely it is we shall attract potential new owners.

However, as pointed out earlier, how much longer can he continue to fight for his investment amid growing losses. There's a point where no sensible moneyman will throw more good money after bad.

[dembethewarrior]

Re: People calling for Tan to go

I'm not sure it should concern is just how much the guy is prepared to.lose on his investment but obviously the lower the asking price the more likely it is we shall attract potential new owners.

However, as pointed out earlier, how much longer can he continue to fight for his investment amid growing losses. There's a point where no sensible moneyman will throw more good money after bad.

I didn't want to get involved in it all, but the thing to me is it shouldn't matter how much he's put in when thinking of what he wants to get back, he may have paid x amount and put y amount in but things go up and down in value. I don't care if Gloria's house was worth 100k and she's spent 23 on improvements, that's her issue she's invested 123k, if the house is worth 56 I'm paying 56.

[Harry Paget Flashman]

Re: People calling for Tan to go

I didn't want to get involved in it all, but the thing to me is it shouldn't matter how much he's put in when thinking of what he wants to get back, he may have paid x amount and put y amount in but things go up and down in value. I don't care if Gloria's house was worth 100k and she's spent 23 on improvements, that's her issue she's invested 123k, if the house is worth 56 I'm paying 56.

Gloria has had a nightmare.

[dembethewarrior]

Re: People calling for Tan to go

Gloria has had a nightmare.

I've not been good to her there have I

[Dorcus]

Re: People calling for Tan to go

I've not been good to her there have I

Whatever did Gloria do to deserve this lol

[dembethewarrior]

Re: People calling for Tan to go

Whatever did Gloria do to deserve this lol

Collect a house full of cats...


Erm I don't know I've been a bit harsh there haven't I.

[pomeroy]

Re: People calling for Tan to go

I didn't want to get involved in it all, but the thing to me is it shouldn't matter how much he's put in when thinking of what he wants to get back, he may have paid x amount and put y amount in but things go up and down in value. I don't care if Gloria's house was worth 100k and she's spent 23 on improvements, that's her issue she's invested 123k, if the house is worth 56 I'm paying 56.

That depends of course whether Gloria will sell it for 56 or if she is in hock to a lender for a lot more whether the lender will allow her to sell it. There are lots of flats in Cardiff Bay which, due mainly to cladding issues, are unsaleable because of , in the main, negative equity. Here we have a multi millionaire, or after present Asian market uplifts billionaire, viz. Tan who has sunk in excess of £125million into CCFC which, according to a long established poster, is worth zilch. In the circumstances how much is Vincent prepared to lose on his investment by selling the club even if there was a buyer?. For those economic gurus calling for Tan to leave this is a question that has to be addressed. IMO Vincent will be here for a long time yet.

[dembethewarrior]

Re: People calling for Tan to go

That depends of course whether Gloria will sell it for 56 or if she is in hock to a lender for a lot more whether the lender will allow her to sell it. There are lots of flats in Cardiff Bay which, due mainly to cladding issues, are unsaleable because of , in the main, negative equity. Here we have a multi millionaire, or after present Asian market uplifts billionaire, viz. Tan who has sunk in excess of £125million into CCFC which, according to a long established poster, is worth zilch. In the circumstances how much is Vincent prepared to lose on his investment by selling the club even if there was a buyer?. For those economic gurus calling for Tan to leave this is a question that has to be addressed. IMO Vincent will be here for a long time yet.

It is worth nothing if nobody is willing to compensate him that amount plus the club value.

Won't buyers look at the club value? He can obviously refuse, but nobody is paying 125 million plus club value.

[Divine Wright]

Re: People calling for Tan to go

I can understand people clinging to what we've currently got (which isn't much) rather than contemplate a future which could be even worse. Who knows what's round the corner?

However, there's surely a stark reality to the direction the club is heading. It must be obvious to everyone Tan is looking to extricate himself from the club at the earliest opportunity and at a price of his choosing. When the red debacle finally ended he made it clear "no further significant investment' and for all his failings I believe him to be a man of his word.

We will never make progress under his watch. His only concern is to make the club saleable and he wants hands on control of his personnel. Therefore even if he got rid of Dalman and Choo he would only likely recruit two lookalikes. He is never going to employ football people in the interests of developing the club.

It actually might be in our interests to get relegated so that he might take a much lower bid just to get out of a failed project. Hopefully that might enable more forward thinking owners to put cash and knowledge into getting us on the right road.

This is the most pertinent post in this thread.

"When the red debacle finally ended he made it clear "no further significant investment' and for all his failings I believe him to be a man of his word."

I think the majority of the people commenting in this thread seem to have conveniently forgotten this. I remember this all too clearly. It seemed petulant and for me and just reinforced any doubts I had about this guy's character. How you can say " without red, I can't market the team in Asia and therefore have to reduce investment in the team" is about as daft an excuse as I've ever heard. We are still living with the consequences of this silliness.

I think the lack of investment in the team is probably a good thing though as we undoubtedly would have ended up owing someone or other in the long run.

I've asked a few times about where we stand on the debt and the debt to equity promises yet none of those who champion this billionaire business man seem to have much of an idea either.

Whatever the case may be, the team is going backwards (or stagnating at best). If people are happy to be a languishing championship side in exchange for Tan's money then fair enough. I don't get it personally.