City’s finances in the last decade.

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27-07-24, 12:57
Eric the Half a Bee

Re: City’s finances in the last decade.

Quote:

Originally Posted by dml1954

People continually saying that Tan is a useless owner and needs to go should just bear in mind that if he did, we would be immediately bankrupt.

Shows how shit the entire thing is. Tan can make endless cock ups that keep costing the club money, yet he could bankrupt us, when it is him calling the shots.
27-07-24, 13:16
Dorcus

Re: City’s finances in the last decade.

Quote:

Originally Posted by Jimmy the Jock

Alternatively , imagine we were Everton ......

They were still in the Premier last I looked with a brand spanking, shiny new 56000 capacity stadium opening soon. Yes imagine we were Everton...

Alternatively, imagine we were Brighton...
27-07-24, 13:20
Dorcus

Re: City’s finances in the last decade.

Quote:

Originally Posted by NinianKnight

It was a fair point raised by dml. If a company is in debt and cannot pay what is owed, then bankruptcy is an option. Tan has his debts secured against the assets of CCFC and if the club went bankrupt, he would have first call on their value. Of course, if he were to receive an offer for the club which would pocket him more than bankrupting the club then he would most likely take that option.

I would also add it is not guaranteed that we would be purchased by a 'far more professional and ambitious owner'.

I'd also like to add it is not guaranteed we wouldn't be purchased by a far more professional and ambitious owner. In fact I think the balance of probabilities indicates we likely would be.

Sometimes it's better to view the future with optimism and not dither beset by negativity.
27-07-24, 13:29
The Lone Gunman

Re: City’s finances in the last decade.

Quote:

Originally Posted by Dorcus

I'd also like to add it is not guaranteed we wouldn't be purchased by a far more professional and ambitious owner. In fact I think the balance of probabilities indicates we likely would be.

Sometimes it's better to view the future with optimism and not dither beset by negativity.

I think those who believe the club would automatically fold without Vincent Tan are suffering from a form of Stockholm Syndrome.
27-07-24, 13:30
Dorcus

Re: City’s finances in the last decade.

Quote:

Originally Posted by The Lone Gunman

I think those who believe the club would automatically fold without Vincent Tan are suffering from a form of Stockholm Syndrome.

Absolutely agree!
27-07-24, 14:42
NinianKnight

Re: City’s finances in the last decade.

Quote:

Originally Posted by The Lone Gunman

I think those who believe the club would automatically fold without Vincent Tan are suffering from a form of Stockholm Syndrome.

Probably correct but we would have to live within our means which would curtail our spending power. Under FFP (or whatever it is called now) an owner can put in up to £13m per season. Our turnover is around £24m, so in theory we can spend up to £37m per season with Tan's imput.
27-07-24, 14:49
NinianKnight

Re: City’s finances in the last decade.

Quote:

Originally Posted by Dorcus

I'd also like to add it is not guaranteed we wouldn't be purchased by a far more professional and ambitious owner. In fact I think the balance of probabilities indicates we likely would be.

Sometimes it's better to view the future with optimism and not dither beset by negativity.

Not sure the balance of probabilities is a good argument. Generally new owners get a honeymoon period before the wheels fall off the wagon and we have seen that plenty of times here and at other clubs. Take the rebrand away and Tan has been a relatively good custodian compared to what we had previously. I am not against new ownership, but I certainly don't want one of those American hedge funds
27-07-24, 19:48
Dorcus

Re: City’s finances in the last decade.

Quote:

Originally Posted by NinianKnight

Not sure the balance of probabilities is a good argument. Generally new owners get a honeymoon period before the wheels fall off the wagon and we have seen that plenty of times here and at other clubs. Take the rebrand away and Tan has been a relatively good custodian compared to what we had previously. I am not against new ownership, but I certainly don't want one of those American hedge funds

The wheels dont always fall off and I disagree with your opinion of Tan. However the main point of the difference is ambition. I'm not happy settling for 3rd best for Cardiff City with a lame duck board and dictator. Hope springs eternal and should fire us all.
27-07-24, 21:38
TWGL1

Re: City’s finances in the last decade.

Quote:

Originally Posted by Dorcus

The wheels dont always fall off and I disagree with your opinion of Tan. However the main point of the difference is ambition. I'm not happy settling for 3rd best for Cardiff City with a lame duck board and dictator. Hope springs eternal and should fire us all.

Can you name any owners out of the 92 clubs that are better than Tan then as I can’t think of many?
27-07-24, 22:08
The Lone Gunman

Re: City’s finances in the last decade.

Quote:

Originally Posted by TWGL1

Can you name any owners out of the 92 clubs that are better than Tan then as I can’t think of many?

Tony Bloom at Brighton? Matthew Benham at Brentford? Shahid Khan at Fulham? Steve Gibson at Middlesbrough? Delia Smith and her husband at Norwich? Those American fellas at Wrexham? I guess it depends what your personal criteria for a good football club owner is.
27-07-24, 22:11
TWGL1

Re: City’s finances in the last decade.

As I said I can’t think of many and clearly neither can you. A few boro fans I know are losing patience with Gibson ,and the premier league owners are happy when the club is stable in the Division but this can change . Any others as I had those ones in mind. Fleetwoods owner is decent according to a mate of mine who lives there
27-07-24, 22:29
The Lone Gunman

Re: City’s finances in the last decade.

Quote:

Originally Posted by TWGL1

As I said I can’t think of many and clearly neither can you.

To be honest, I don’t pay enough attention to football these days to know who owns most of the 92 clubs or what they have or haven’t done for their clubs. The ones I mentioned were off the top of my head.

As I said, I guess it really depends what your personal criteria is. Like you, I can’t think of many football club owners who are better than Vincent Tan, but that’s mainly because I can’t think of many football club owners. And that’s despite the fact that I detest Vincent Tan.
27-07-24, 22:40
TWGL1

Re: City’s finances in the last decade.

Quote:

Originally Posted by The Lone Gunman

To be honest, I don’t pay enough attention to football these days to know who owns most of the 92 clubs or what they have or haven’t done for their clubs. The ones I mentioned were off the top of my head.

As I said, I guess it really depends what your personal criteria is. Like you, I can’t think of many football club owners who are better than Vincent Tan, but that’s mainly because I can’t think of many football club owners. And that’s despite the fact that I detest Vincent Tan.

Why do you detest him so much , yes he changed the colour but he changed it back , and he does things differently to what most would expect but in Malaysia they operate differently to models in the UK and the culture in business is extremely different to here.This can often be misconstrued. He’s just an owner of a football club that as you say will survive without him ( unless we fail to pay the HMRC, get relegated for outstanding transfer fees, non payment of wages etc etc )

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