Takeover soon?

[Lawnmower]

Re: Takeover soon?

Not Bournemouth.

https://www.bbc.co.uk/sport/football/60916512

That was their 1st year down and based on selling £80m of players. And spending very little.


This year that’s just £20m and that on a player who they had spent £14m on ( some of which would have already been amortised)

They’ve also spent about £12m plus some big loans.


I’d bet they make a far bigger loss this season given the squad they’ve got and the money they’ve spent.

Their reported wage bill is £36m as well which wipes out the advantage of their parachute payments.

[Lawnmower]

Re: Takeover soon?

I'm aware of that, but I'm still interested in why he (or anyone) believes Tan has been a very good owner. Is it just the old 'it could be worse' argument, or is there more to it?

I guess because we haven’t gone bust or had points deductions.

But it’s a low bar 😉

[The Lone Gunman]

Re: Takeover soon?

I’d bet they make a far bigger loss this season given the squad they’ve got and the money they’ve spent.

And I'd bet they get promoted. The odds are currently 1/12.

[The Lone Gunman]

Re: Takeover soon?

I guess because we haven’t gone bust or had points deductions.

Exactly. 'It could be worse.....'

[Pearcey3]

Re: Takeover soon?

In what respect would you say Vincent Tan has been a very good owner? Is it simply because he has kept putting money into the club to cover a large percentage of the losses the employees he's appointed have accumulated? Or are there other aspects of his ownership that you would regard as very good?

I remember the days when Cardiff had nothing. I had an insurance claim at the club back in the 90’s when it was clear they hadn’t got a penny to their name. They were in the basement division. Three were times when the club were in constant financial distress with the club’s existence in doubt.

You have had complete financial stability under Tan with two promotions to the top flight, showpiece Cup occasions and at the worst a solid tier two side. That compares very favourably with most of your history. He has stayed loyal to the club far beyond plenty of owners. I compare him to the likes of Zingarevich who left our club high and dry, The Thais who took off with the land surrounding our stadium and Yongge with his reckless spending and think you could have been pretty lucky.

So many clubs have been run badly by comparison. Not many foreign owners stick it out as long as he has.

[Rjk]

Re: Takeover soon?

And the rest. We lost 24m in the last accounts, that’s 2m a month

I thought it was 11m

[Nobody's Rep]

Re: Takeover soon?

I remember the days when Cardiff had nothing. I had an insurance claim at the club back in the 90’s when it was clear they hadn’t got a penny to their name. They were in the basement division. Three were times when the club were in constant financial distress with the club’s existence in doubt.

You have had complete financial stability under Tan with two promotions to the top flight, showpiece Cup occasions and at the worst a solid tier two side. That compares very favourably with most of your history. He has stayed loyal to the club far beyond plenty of owners. I compare him to the likes of Zingarevich who left our club high and dry, The Thais who took off with the land surrounding our stadium and Yongge with his reckless spending and think you could have been pretty lucky.

So many clubs have been run badly by comparison. Not many foreign owners stick it out as long as he has.

I would add a quality stadium allowing for it to become the home of the welsh national side and attracting european finals

Quality training facilities available to the club

Awards for their family approach and community work

But.... I am not a Tan fan particularly just don't think it is as black and white as the he is either great or not argument - he has done some good things and done some bad things

[blue matt]

Re: Takeover soon?

Well quite. I remember the pre Tan days when Cardiff City lurched from one financial crisis to another. Tan got it badly wrong over the change to red strips but otherwise he has imo been a very good owner. Be careful what you wish for.

indeed , but some long for them long romantic beach walks when Scam was in charge, they do seem to gloss over the fact that Scam conned them all and took all he could from the club, of course they are just minor details

[Ninian1962]

Re: Takeover soon?

And the rest. We lost 24m in the last accounts, that’s 2m a month

We made a loss of £12m in the last published accounts not £24m

[blue matt]

Re: Takeover soon?

I remember the days when Cardiff had nothing. I had an insurance claim at the club back in the 90’s when it was clear they hadn’t got a penny to their name. They were in the basement division. Three were times when the club were in constant financial distress with the club’s existence in doubt.

You have had complete financial stability under Tan with two promotions to the top flight, showpiece Cup occasions and at the worst a solid tier two side. That compares very favourably with most of your history. He has stayed loyal to the club far beyond plenty of owners. I compare him to the likes of Zingarevich who left our club high and dry, The Thais who took off with the land surrounding our stadium and Yongge with his reckless spending and think you could have been pretty lucky.

So many clubs have been run badly by comparison. Not many foreign owners stick it out as long as he has.

[Pearcey3]

Re: Takeover soon?

I would add a quality stadium allowing for it to become the home of the welsh national side and attracting european finals

Quality training facilities available to the club

Awards for their family approach and community work

But.... I am not a Tan fan particularly just don't think it is as black and white as the he is either great or not argument - he has done some good things and done some bad things

Yep I was going to add the stadium which is another plus. Football ownership is incredibly difficult especially at Championship level. All in all you have been secure under Tan. Far more so than many clubs.

[The Lone Gunman]

Re: Takeover soon?

You have had complete financial stability under Tan with two promotions to the top flight, showpiece Cup occasions and at the worst a solid tier two side. That compares very favourably with most of your history. He has stayed loyal to the club far beyond plenty of owners.

Forget the distant past, and even forget the immediate past before Tan took charge, when City were in financial trouble (as always) but had just lost the Championship play-off final at Wembley.

You maintained Tan has been 'a very good owner'. He's owned the club since the beginning of the 2010/11 campaign. During his twelve seasons as owner, City reached the Carling Cup final and were promoted to the Premier League twice, but they were relegated immediately on both occasions.

The club is now deeper in debt than it was when Tan took over and it's also further back in the Football League pecking order than it was when he arrived. The football has been dire for large chunks of his tenure and this season the club has suffered a record number of consecutive defeats as it has bumbled around in the lower reaches of the table.

Do you believe there has been any genuine progress during Tan's time here? If so, in what respect?

[TWGL1]

Re: Takeover soon?

Forget the distant past, and even forget the immediate past before Tan took charge, when City were in financial trouble (as always) but had just lost the Championship play-off final at Wembley.

You maintained Tan has been 'a very good owner'. He's owned the club since the beginning of the 2010/11 campaign. During his twelve seasons as owner, City reached the Carling Cup final and were promoted to the Premier League twice, but they were relegated immediately on both occasions.

The club is now deeper in debt than it was when Tan took over and it's also further back in the Football League pecking order than it was when he arrived. The football has been dire for large chunks of his tenure and this season the club has suffered a record number of consecutive defeats as it has bumbled around in the lower reaches of the table.

Do you believe there has been any genuine progress during Tan's time here? If so, in what respect?

The stadiums value has increased which helps the balance sheet and the capacity has increased by 6,300. Corporate capacity is also significantly more.

[The Lone Gunman]

Re: Takeover soon?

I would add a quality stadium allowing for it to become the home of the welsh national side and attracting european finals

Quality training facilities available to the club

The stadium was here before Tan arrived and it was already hosting Wales games too, although Tan did add the extra stand.

As for the training facilities, aren't those the same as they were before he got here? I know there was talk of new training facilities as a part of the rebrand package, but I don't think they were ever built, or were they? Not sure.

[The Lone Gunman]

Re: Takeover soon?

The stadiums value has increased which helps the balance sheet and the capacity has increased by 6,300. Corporate capacity is also significantly more.

Excellent. But the club is deeper in debt now than it was in 2010, I believe.