Gareth Bale consortium makes £40m bid to buy Cardiff City - Updated

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Originally Posted by BLUEAWAY TOO

Aren’t you and others guilty of ignoring the debt that he is owed?
Yes he could sell the shares at a market price but what about the money owing to him and others? Shares that were previously increased to write off debt.
The club would still be saddled with it if not paid off and I feel sure it would become interest bearing which to date it hasn’t been.
Of course he is going to lose money - it’s a question of how much.

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No.
The primary issue is what is the club worth.
The secondary issue is what is the basis of any offer made and how the debts on the Balance Sheet are dealt with.
For example, if it is agreed the club is worth around £140m, then an offer may be made of £40m for the shares in the club with the debts remaining on the Balance Sheet (debts were last reported as over £100m).

£50m, minority shareholder, a seat in the directors box, life presidency and Berjaya as upper sleeve sponsor should swing it.

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Originally Posted by the other bob wilson

Seems there was a bid made, but lower than £85 million.

https://x.com/lawton_times/status/19...289931593?s=61

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The only story is in the Times? That’s hell of a scoop (or rumour starter).

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Originally Posted by Trigger

£50m, minority shareholder, a seat in the directors box, life presidency and Berjaya as upper sleeve sponsor should swing it.

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They’d have to make a similar offer to Dalman, as the club currently owes £46m to that Finance company as well.

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Originally Posted by Dorcus

Of course they could always do the honourable thing and fall on their sword. They would forever be highly respected for putting Cardiff City and it's long suffering supporters first.

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Tan has seen his personal fortune nearly halved in the past 12 years - to about £560m

He has pledged to leave half his wealth to charities.

He is 73 years old - and 2 years ago stepped down as non-exec chairman of the Berjaya Group (handing the job on to his younger daughter who now heads an all female board!)

He has invested £206m into Cardiff City in 14 years (now in his 15th) as Keith confirmed recently (less than the £250m claimed by Choo and reported by Wales Online, but in the same ball park).

If there are no structural changes made to the club to turn it around and he continues to subsidise it at a similar rate he's got enough in the bank to carry on for another 30 years before he's broke (and celebrates his 103rd birthday).

His age, recent lifestyle changes (he's also become a veggie!), family pressure, the Bale factor and/or assurances about the Sala case may combine to persuade him to sell all or most of the club.

I hope so - if the Bale consortium is not full of asset stripping hedge funds or war criminal oligarchs. We don't know much about them - but hopefully Bale is smart enough to be careful about his partners? However, stay in the frying pan if the alternative is the fire!

With Tan I genuinely don't think money will be the deciding factor. He has thrown a crazy amount of money at the club since 2010 - and wasted a lot of it. He has said for years that he intends to leave half his wealth to charity.

He may enjoy being the owner of a football club (though I doubt it in recent years) but from Malaysian media coverage I get the impression he is more interested in being known as a philanthropist.

If he sees selling up as a charitable act towards Cardiff fans, maybe there will be a deal.

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Originally Posted by Former Labour leader

Starting to get interesting. Apart from Tan, Dalman is owed about £35m.
A much bigger offer needed.

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This is crazy talk though.

Aston Villa were bought for £30 million (for 55%) in 2018
Hull City were sold for £30 million in 2022

We are nowhere near worth anywhere close to double this figure, even if we were in the Championship. Tan will just lose more and more money this season and when we don't get promoted he will continue to lose millions if he doesn't cut his losses. He is more deranged than we thought if he thinks he will be able to sell the club and get his (self inflicted) losses back

I fear the absolute shit show of our financial footing that makes the club unsellable due to gross negligence over numerous years may be about to be exposed if he really is this deluded. Yet some claim he's not that bad an owner !!!!

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Originally Posted by JumpersforGoalposts

No.
The primary issue is what is the club worth.
The secondary issue is what is the basis of any offer made and how the debts on the Balance Sheet are dealt with.
For example, if it is agreed the club is worth around £140m, then an offer may be made of £40m for the shares in the club with the debts remaining on the Balance Sheet (debts were last reported as over £100m).

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No
The Primary issue is what amount of money will be required by the sellers to sell.
The secondary issue is do the buyers have enough finance to meet the sellers requirement and to continue to finance, invest in the club.

What would stop a new buyer purchasing the shares, not repaying the debt and putting the club into administration to save doing so other than relegation?

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Originally Posted by Nobody's Rep

The thing for me is the original poster has clearly not written that themself so it would be good to know who it has come from as them it would be easier to establish legitimacy

However they are ramping up the posts re this and other areas to show their dislike of tan - not sure how much traction message boards have but certainly the presence of this story a few weeks ago in the national media helps the debate so be interesting to see if this new story makes it there at all in the next couple of days

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And meanwhile the club say absolutely sweet FA. Which helps no one and adds to the angst.
Spedger

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Originally Posted by BLUEAWAY TOO

No
The Primary issue is what amount of money will be required by the sellers to sell.
The secondary issue is do the buyers have enough finance to meet the sellers requirement and to continue to finance, invest in the club.

What would stop a new buyer purchasing the shares, not repaying the debt and putting the club into administration to save doing so other than relegation?

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Very good point.

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Originally Posted by TheBirchgrovePub

This is crazy talk though.

Aston Villa were bought for £30 million (for 55%) in 2018
Hull City were sold for £30 million in 2022

We are nowhere near worth anywhere close to double this figure, even if we were in the Championship. Tan will just lose more and more money this season and when we don't get promoted he will continue to lose millions if he doesn't cut his losses. He is more deranged than we thought if he thinks he will be able to sell the club and get his (self inflicted) losses back

I fear the absolute shit show of our financial footing that makes the club unsellable due to gross negligence over numerous years may be about to be exposed if he really is this deluded. Yet some claim he's not that bad an owner !!!!

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If he indeed wants to sell at all, no matter how much is offered. I think he will see how this season pans out. After putting BBM in place etc. As exciting as all this takeover stuff seems. I think it will just fade away. IMO It is all about face with VT.
Spedger

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Originally Posted by jon1959

Tan has seen his personal fortune nearly halved in the past 12 years - to about £560m

He has pledged to leave half his wealth to charities.

He is 73 years old - and 2 years ago stepped down as non-exec chairman of the Berjaya Group (handing the job on to his younger daughter who now heads an all female board!)

He has invested £206m into Cardiff City in 14 years (now in his 15th) as Keith confirmed recently (less than the £250m claimed by Choo and reported by Wales Online, but in the same ball park).

If there are no structural changes made to the club to turn it around and he continues to subsidise it at a similar rate he's got enough in the bank to carry on for another 30 years before he's broke (and celebrates his 103rd birthday).

His age, recent lifestyle changes (he's also become a veggie!), family pressure, the Bale factor and/or assurances about the Sala case may combine to persuade him to sell all or most of the club.

I hope so - if the Bale consortium is not full of asset stripping hedge funds or war criminal oligarchs. We don't know much about them - but hopefully Bale is smart enough to be careful about his partners? However, stay in the frying pan if the alternative is the fire!

With Tan I genuinely don't think money will be the deciding factor. He has thrown a crazy amount of money at the club since 2010 - and wasted a lot of it. He has said for years that he intends to leave half his wealth to charity.

He may enjoy being the owner of a football club (though I doubt it in recent years) but from Malaysian media coverage I get the impression he is more interested in being known as a philanthropist.

If he sees selling up as a charitable act towards Cardiff fans, maybe there will be a deal.

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:thumbup:

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Originally Posted by BLUEAWAY TOO

No
The Primary issue is what amount of money will be required by the sellers to sell.
The secondary issue is do the buyers have enough finance to meet the sellers requirement and to continue to finance, invest in the club.

What would stop a new buyer purchasing the shares, not repaying the debt and putting the club into administration to save doing so other than relegation?

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It is quite simple, if someone purchased the shares then put the club in Administration the lead debtor would acquire (in this case re-acquire) the football club.

Daily Mail reporting that Vincent Tan “is open” to a deal with the Gareth Bale consortium. They say this offer will be rejected, though “it could well be completed soon” :shrug:

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Originally Posted by the other bob wilson

Daily Mail reporting that Vincent Tan “is open” to a deal with the Gareth Bale consortium. They say this offer will be rejected, though “it could well be completed soon” :shrug:

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‘Hurrah, for the Blueshirts’!

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Originally Posted by the other bob wilson

Daily Mail reporting that Vincent Tan “is open” to a deal with the Gareth Bale consortium. They say this offer will be rejected, though “it could well be completed soon” :shrug:

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If this offer comes with the caveat ‘you can keep everything from the Sala case’ then I think they may only be about £10m-£15m apart.

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Originally Posted by splott parker

‘Hurrah, for the Blueshirts’!

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Nicely played!

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Originally Posted by the other bob wilson

Daily Mail reporting that Vincent Tan “is open” to a deal with the Gareth Bale consortium. They say this offer will be rejected, though “it could well be completed soon” :shrug:

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Whatever happens, I doubt very much anything gets sorted soon

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Originally Posted by the other bob wilson

Over on another board it's being claimed that the Gareth Bale American consortium have made a 'very generous" offer for the club, while on Twitter a certain pine salesman is saying that an offer of £85 million was made yesterday and that it's being reported in the Malaysian media that Tan wants £135 million.
Is it all true? Who knows, but £85 million seems like an overvaluation to me - I'm no expert, but I'd be amazed if Tan got an offer higher than that.

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85 million for a league 1 club, wow I think the jacks went for less in the PL…..

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Originally Posted by Trigger

£50m, minority shareholder, a seat in the directors box, life presidency and Berjaya as upper sleeve sponsor should swing it.

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And 'Visit Caaaardiff' on the shirts.

Details are sparse.

Is it the club AND all assets? Retaining any sponsorship? Any rights?

Either way as much as I’ve been in the minority of an advocate of Vincent Tan I think now is the right time to close this chapter and people to move on.

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Originally Posted by Taunton Blue Genie

And 'Visit Caaaardiff' on the shirts.

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Clarks pie to replace the dragon on the badge!

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Originally Posted by TheBirchgrovePub

That is a very fair offer and I've no doubt it's true with the source.

I pray he accepts but we are about to see how delusional Tan really is as he will be wanting close to double.

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Yeah he just needs two promotions and gets his money back, I wonder if he is really bat shit enough to think this way…..

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Originally Posted by Former Labour leader

Starting to get interesting. Apart from Tan, Dalman is owed about £35m.
A much bigger offer needed.

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Why should Dalman get his money back though? Sounds like he’s been running the s**tshow for the last few years, hence the debt, he’s done a terrible job too….

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Originally Posted by goats

Why should Dalman get his money back though? Sounds like he’s been running the s**tshow for the last few years, hence the debt, he’s done a terrible job too….

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Dalman's job as a director of Cardiff City Football Club Ltd include considering the consequences of long term decisions, and acting in the best interests of the company and promoting its success.
I can't see how him continuing to run a company in a way that has lowered its potential income, whilst at the same time increasing what he is owed, fits those statutory obligations.

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Originally Posted by WJ99mobile

Details are sparse.

Is it the club AND all assets? Retaining any sponsorship? Any rights?

Either way as much as I’ve been in the minority of an advocate of Vincent Tan I think now is the right time to close this chapter and people to move on.

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He has undoubtedly done a good job for Ken Choo's employment

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Originally Posted by goats

Why should Dalman get his money back though? Sounds like he’s been running the s**tshow for the last few years, hence the debt, he’s done a terrible job too….

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He's due it at 9% interest. There's not a lot we can do about that

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Originally Posted by splott parker

‘Hurrah, for the Blueshirts’!

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Very cute

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Originally Posted by jon1959

Tan has seen his personal fortune nearly halved in the past 12 years - to about £560m

He has pledged to leave half his wealth to charities.

He is 73 years old - and 2 years ago stepped down as non-exec chairman of the Berjaya Group (handing the job on to his younger daughter who now heads an all female board!)

He has invested £206m into Cardiff City in 14 years (now in his 15th) as Keith confirmed recently (less than the £250m claimed by Choo and reported by Wales Online, but in the same ball park).

If there are no structural changes made to the club to turn it around and he continues to subsidise it at a similar rate he's got enough in the bank to carry on for another 30 years before he's broke (and celebrates his 103rd birthday).

His age, recent lifestyle changes (he's also become a veggie!), family pressure, the Bale factor and/or assurances about the Sala case may combine to persuade him to sell all or most of the club.

I hope so - if the Bale consortium is not full of asset stripping hedge funds or war criminal oligarchs. We don't know much about them - but hopefully Bale is smart enough to be careful about his partners? However, stay in the frying pan if the alternative is the fire!

With Tan I genuinely don't think money will be the deciding factor. He has thrown a crazy amount of money at the club since 2010 - and wasted a lot of it. He has said for years that he intends to leave half his wealth to charity.

He may enjoy being the owner of a football club (though I doubt it in recent years) but from Malaysian media coverage I get the impression he is more interested in being known as a philanthropist.

If he sees selling up as a charitable act towards Cardiff fans, maybe there will be a deal.

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They won't be in it for asset stripping. They'll be interested in one thing and one thing only. Owning a Premier League team.

Reported in The Times yesterday afternoon:

Gareth Bale consortium makes £40m bid to buy Cardiff City

https://www.thetimes.com/article/905...772a1201fde14f

Bale consortium "optimistic their bid could be accepted". Does anyone else think it's beginning to sound as if Gareth Bale might be more than just a figurehead for the consortium if they did buy out Vincent Tan?

https://www.theguardian.com/football...om-vincent-tan

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Originally Posted by the other bob wilson

Bale consortium "optimistic their bid could be accepted". Does anyone else think it's beginning to sound as if Gareth Bale might be more than just a figurehead for the consortium if they did buy out Vincent Tan?

https://www.theguardian.com/football...om-vincent-tan

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Personally, I think from a single statement that was made by Bale a few weeks ago, that a lot of speculation “news” is being spun out. Who is leaking this news? The Malaysians won’t, Bale is out of the country, the consortium members are unknown. The Times journo went first yesterday and the others are using his Twitter article. I don’t think there’s any new news.

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Originally Posted by Pedro de la Rosa

He's due it at 9% interest. There's not a lot we can do about that

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Well I can’t see a way he will get his 40 million back, obviously more of the sale proceeds will go to Tan? His only chance is two promotions and with him, Tan and Choo in charge there is more chance of Angelina jolie wandering naked into my back garden today….

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Originally Posted by Des Parrot

Personally, I think from a single statement that was made by Bale a few weeks ago, that a lot of speculation “news” is being spun out. Who is leaking this news? The Malaysians won’t, Bale is out of the country, the consortium members are unknown. The Times journo went first yesterday and the others are using his Twitter article. I don’t think there’s any new news.

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I don't know, the Daily Mail article added a little bit and now this one has. On balance, I'd say you're probably right, but it seems pretty clear which side is using the media to further their cause and you can't blame them really. They know having Bale on board gives them a massive PR advantage as, even if Tan and the Board, have valid and reasonable reasons for turning a bid down from this consortium, it's only going to make an unpopular owner and club hierarchy even more disliked by what I'd guess would be a pretty large majority of City fans than they are now.

Makes the 2,5 mill that Ryan and Rob paid for Wfc an amazing investment.

Bale should have waited till the current inept trio took us to whatever’s below the national league, could have got us for about the same as Wrexham :hehe:

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Originally Posted by ToTaL ITK

Makes the 2,5 mill that Ryan and Rob paid for Wfc an amazing investment.

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Tan could have bought them and had a team in red and with two dragons on the badge! He must be kicking himself!

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Originally Posted by the other bob wilson

Bale consortium "optimistic their bid could be accepted". Does anyone else think it's beginning to sound as if Gareth Bale might be more than just a figurehead for the consortium if they did buy out Vincent Tan?

https://www.theguardian.com/football...om-vincent-tan

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Of course.

I think there will be a whole bunch of back and forth, a mediocre season, and then a takeover afterwards, followed by a new manager, and then some more commas, before a new era begins, and we can go back to being proud of our club.

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Originally Posted by The Bloop

Ive searched a few online Malaysian newspapers for articles about Cardiff and Vincent, and nothing comes up.

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There is no mention of this at all in the Malaysian media and speaking to former work colleagues of mine who work and live out there , they have heard nothing out there either. Vincent Tan is of course well known to them , but Cardiff City FC has no profile there at all.

Makes you wonder from the bottom of which drinking vessel Steve Day is getting his information from.

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Originally Posted by Ninian1962

There is no mention of this at all in the Malaysian media and speaking to former work colleagues of mine who work and live out there , they have heard nothing out there either. Vincent Tan is of course well known to them , but Cardiff City FC has no profile there at all.

Makes you wonder from the bottom of which drinking vessel Steve Day is getting his information from.

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'Work colleagues' you say? :hehe: