Talking of Takeover's - Gareth Bale part 2 UPDATED

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Originally Posted by Tuerto

It's a special kind of pain.....:hehe:

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That and Lego

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Originally Posted by Pedro de la Rosa

That and Lego

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Any small plastic kids toy, **** me..... I'll say a Gareth Bale figurine as not to derail the thread......

For the first time in years it looks as if Tan may have an offer that he may have to consider seriously.
Apparently there other groups sniffing around. Nathan Blake is involved with one of them and Dalman might be as well.

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Originally Posted by RichardM

I don't know why everyone is getting so excited. Does Bale know how to run a football club?
Who's behind the bid? Do they know anything about running a football club?

While a new owner might be good it could also be bad. Until we know more about the people behind this I don't think we should be getting excited.

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Have they actually got a decent budget, or do they just see a great opportunity while a club is relegated and the owner in a difficult spot, which is fine. Except that he's a stuborn old bugger and won't sell for a penny less than he feels it's worth.

I could go to the papers tomorrow, saying I made a superb offer (£20, but no one else would know that) and say it was rejected.

Time will tell, timing could be good, I'm sure Tans fed up with the whole thing, but it will have to be a realistic offer.

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Originally Posted by RichardM

Yes but if he is just the public face of a consortium and not the man with all the money how much of a say will he have in how the club is run?

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How much did the Glazrs put it, and how much of it was borrowed?

Thats the format a lot of US club investors use, so probably a bit more than my £20, but maybe not as much more as you would think.

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Originally Posted by BLUEAWAY TOO

What lunacy
Do you think we are the only club to have struggled - in fact we have done so for much of our existence having only been in the top flight for two seasons in the last 70. And it’s easy to list a whole number of clubs that are under achieving and an an even longer list if you ask the fans.
As has been said, we know nothing about who is in this consortium or their plans and commitment to the club. What will you say if they want to rebrand?
Clearly Tan has made mistakes but CCFC has cost him in the region of £250m and you and others expect him to take the first offer and walk away.
Let’s hope that the consortium offers an acceptable price, has the wherewithal to continue to fund the losses and an ambitious plan that they can deliver and fans buy into.

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Evening, Vincent

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Originally Posted by North Cardiff Blue

Have they actually got a decent budget, or do they just see a great opportunity while a club is relegated and the owner in a difficult spot, which is fine. Except that he's a stuborn old bugger and won't sell for a penny less than he feels it's worth.

I could go to the papers tomorrow, saying I made a superb offer (£20, but no one else would know that) and say it was rejected.

Time will tell, timing could be good, I'm sure Tans fed up with the whole thing, but it will have to be a realistic offer.

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Maybe Vinnie needs to name a realistic price, whether he gets all his money back or not. Think of us poor long suffering fans Vinnie my boy!

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Originally Posted by Former Labour leader

For the first time in years it looks as if Tan may have an offer that he may have to consider seriously.
Apparently there other groups sniffing around. Nathan Blake is involved with one of them and Dalman might be as well.

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Blakey is involved? Where did you see that? And Dalman in another? It's all go :hehe:

It looks a certainty the way he’s speaking on Sky Sports News..

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Originally Posted by BLUEAWAY TOO

What lunacy
Do you think we are the only club to have struggled - in fact we have done so for much of our existence having only been in the top flight for two seasons in the last 70. And it’s easy to list a whole number of clubs that are under achieving and an an even longer list if you ask the fans.
As has been said, we know nothing about who is in this consortium or their plans and commitment to the club. What will you say if they want to rebrand?
Clearly Tan has made mistakes but CCFC has cost him in the region of £250m and you and others expect him to take the first offer and walk away.
Let’s hope that the consortium offers an acceptable price, has the wherewithal to continue to fund the losses and an ambitious plan that they can deliver and fans buy into.

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Maybe they'l have the business acumen to not make losses. Imagine that.

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Originally Posted by NYCBlue

Maybe they'l have the business acumen to not make losses. Imagine that.

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If that was the case they wouldn't be contemplating buying a football club.

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Originally Posted by Rock_Flock_of_Five

Don't you think he raises some valid points though?

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This is different from nearly every, if not every, statement of intent re. a UK football club, in that the person making the statement is a football person and a football person actually from the place where the club is located. It’s not some faceless chancer who’s not been heard of that’s making us fans frantically Googling his name, then getting excited by the fact he’s got a few bob or deflated by the fact that he seems a phoney.
Of course there’s many Ts to be crossed and Is to be dotted but in these gloomy times for us it’s a bit of light at the end of the tunnel, light’s that being shone by one of the UK’s or world’s best ever players who has always, in my opinion, acted throughout his career with dignity.
What’s not to get excited about?

Google Vincent Tan he he appears as the owner of Cardiff City above all his other interest. Google images and it's 90% Tan in a City shirt. 7000 miles away the fortunes of Cardiff City have little impact on Malaysian media, but his involvement does. I dread writing this, but I don't think Tan has any interest in ever selling - it's doing his ego no end of good. I really hope I'm wrong on this one..

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Originally Posted by splott parker

This is different from nearly every, if not every, statement of intent re. a UK football club, in that the person making the statement is a football person and a football person actually from the place where the club is located. It’s not some faceless chancer who’s not been heard of that’s making us fans frantically Googling his name, then getting excited by the fact he’s got a few bob or deflated by the fact that he seems a phoney.
Of course there’s many Ts to be crossed and Is to be dotted but in these gloomy times for us it’s a bit of light at the end of the tunnel, light’s that being shone by one of the UK’s or world’s best ever players who has always, in my opinion, acted throughout his career with dignity.
What’s not to get excited about?

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Due to commercial confidentiality, the fact that Gareth Bale has publicly announced his intention to purchase, suggests to me that the process is quite far down the line.

The club have has had significant interest from other investors in the past and none have reached this level of media exposure.

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Originally Posted by splott parker

This is different from nearly every, if not every, statement of intent re. a UK football club, in that the person making the statement is a football person and a football person actually from the place where the club is located. It’s not some faceless chancer who’s not been heard of that’s making us fans frantically Googling his name, then getting excited by the fact he’s got a few bob or deflated by the fact that he seems a phoney.
Of course there’s many Ts to be crossed and Is to be dotted but in these gloomy times for us it’s a bit of light at the end of the tunnel, light’s that being shone by one of the UK’s or world’s best ever players who has always, in my opinion, acted throughout his career with dignity.
What’s not to get excited about?

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Oh, the thought of a takeover is exciting indeed... IF it falls into the right hands.
We can all accept that Gareth Bale is just the 'face' of the proposed takeover consortium.

However, it's important that we don't get too carried away at this early stage. Neither you, nor I, know anything about the integrity of this consortium, and neither I suspect does Gareth Bale.
At least under Vincent Tan we could never be labelled a 'selling club'.
We got ridiculous money for both Zahore and McGuiness, both great deals at the time. Kieffer Moore had his heart set on a move, it was prudent not to try and stand in his way.
Already the club has announced we don't need to sell any players, unless it's on our terms.
Being a former football great is one thing, being an astute businessman is another.

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Originally Posted by Rock_Flock_of_Five

Oh, the thought of a takeover is exciting indeed... IF it falls into the right hands.
We can all accept that Gareth Bale is just the 'face' of the proposed takeover consortium.

However, it's important that we don't get too carried away at this early stage. Neither you, nor I, know anything about the integrity of this consortium, and neither I suspect does Gareth Bale.
At least under Vincent Tan we could never be labelled a 'selling club'.
We got ridiculous money for both Zahore and McGuiness, both great deals at the time. Kieffer Moore had his heart set on a move, it was prudent not to try and stand in his way.
Already the club has announced we don't need to sell any players, unless it's on our terms.
Being a former football great is one thing, being an astute businessman is another.

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That’s what I implied, lots of Ts to crossed and Is to be dotted. Yes, Bale is the mouthpiece at the moment but, crucially, not some faceless, unknown mouthpiece. A loyal man to his country whereas other ‘superstars’ picked and chose, a trait which you’d like to think wouldn’t see him involved with a bunch of shady shysters. He’s surely taken advice on when to drop this news and I’d imagine he and his advisors are astute enough to have done his homework on the integrity of proposed investors. He wouldn’t let his mouth go wild like this without research, can’t see any way he’d risk it all collapsing in farce with him looking an absolute dick.

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Originally Posted by A Quiet Monkfish

Google Vincent Tan he he appears as the owner of Cardiff City above all his other interest. Google images and it's 90% Tan in a City shirt. 7000 miles away the fortunes of Cardiff City have little impact on Malaysian media, but his involvement does. I dread writing this, but I don't think Tan has any interest in ever selling - it's doing his ego no end of good. I really hope I'm wrong on this one..

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Not everyone will get the same search results, yours will be heavily influenced by browsing history, location, etc.

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Originally Posted by A Quiet Monkfish

Google Vincent Tan he he appears as the owner of Cardiff City above all his other interest. Google images and it's 90% Tan in a City shirt. 7000 miles away the fortunes of Cardiff City have little impact on Malaysian media, but his involvement does. I dread writing this, but I don't think Tan has any interest in ever selling - it's doing his ego no end of good. I really hope I'm wrong on this one..

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I don’t think he will ever get any of the mythical 100 million he’s blown on bad mgt back unless he lets the club go and retains a small stake, then if the new owners manage to get us up and keep us up, his stake will be worth far more…..I’d have to assume if he he doesn’t let the club go after allegedly losing so much, that he’s full of it and things ain’t so bad after all…..

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Originally Posted by goats

I don’t think he will ever get any of the mythical 100 million he’s blown on bad mgt back unless he lets the club go and retains a small stake, then if the new owners manage to get us up and keep us up, his stake will be worth far more…..I’d have to assume if he he doesn’t let the club go after allegedly losing so much, that he’s full of it and things ain’t so bad after all…..

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This got me thinking about the outcome of the Sala case. What if a deal was struck that any financial compensation, repayments, costs etc would go to Tan and he'd get his costs back? Is that legally possible if it's CCFC's name on the court documents?

A lot of people on here have said Tan won't sell until the Sala case is settled, and let's be honest even if the case (to be heard in September?) finds in our favour there's potential further cases to be filed against UEFA and possibly Nantes, both of which could drag on for years. Give the whole shebang to Tan, he sells and allows CCFC to draw a line under the whole sorry mess (Sorry, I don't want that to come across as heartless for Sala's family). I guess the money spent on the Sala transfer and subsequent court cases has come directly out of Tan's pocket and not necessarily from the club itself?

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Originally Posted by splott parker

That’s what I implied, lots of Ts to crossed and Is to be dotted. Yes, Bale is the mouthpiece at the moment but, crucially, not some faceless, unknown mouthpiece. A loyal man to his country whereas other ‘superstars’ picked and chose, a trait which you’d like to think wouldn’t see him involved with a bunch of shady shysters. He’s surely taken advice on when to drop this news and I’d imagine he and his advisors are astute enough to have done his homework on the integrity of proposed investors. He wouldn’t let his mouth go wild like this without research, can’t see any way he’d risk it all collapsing in farce with him looking an absolute dick.

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I can't see how Bale's intervention yesterday has done anything but move the likelihood of a takeover forward by several notches - I also feel it will accelerate any buy out, assuming there is one. It seems that there are other interested parties about and what Bale had to say will have concentrated minds and got them asking what do we do know?

You're right to focus on how having someone like Gareth Bale involved makes this takeover bid different from the norm. Everyone else involved, be they the club's current ownership or other potential buyers, are going to know that, despite him turning us down three years ago, most supporters are going to want the Bale consortium to emerge victorious. Our current unpopular owner could do himself a favour in the PR stakes by opting for the Bale led bid, especially, if he can claim that he could have got a higher price from one of the other bidders.

I don't know about the plans of any one looking to buy out Vicent Tan, but I'm almost at the stage where I don't much care any more. I'm done with being careful with what I wish for.

With a lot of luck and a strong following wind, we might just get back to the Championship under Vincent Tan's ownership, but the last five years (not to mention Kortrijk's relegation) have shown that we've no chance of reaching the Premier League again with Tan, Dalman and Choo in charge.

Who knows, supporting Cardiff City might become fun again.

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Originally Posted by fingers

This got me thinking about the outcome of the Sala case. What if a deal was struck that any financial compensation, repayments, costs etc would go to Tan and he'd get his costs back? Is that legally possible if it's CCFC's name on the court documents?

A lot of people on here have said Tan won't sell until the Sala case is settled, and let's be honest even if the case (to be heard in September?) finds in our favour there's potential further cases to be filed against UEFA and possibly Nantes, both of which could drag on for years. Give the whole shebang to Tan, he sells and allows CCFC to draw a line under the whole sorry mess (Sorry, I don't want that to come across as heartless for Sala's family). I guess the money spent on the Sala transfer and subsequent court cases has come directly out of Tan's pocket and not necessarily from the club itself?

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Legal contracts can obviously include contingencies of many descriptions.

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Originally Posted by splott parker

This is different from nearly every, if not every, statement of intent re. a UK football club, in that the person making the statement is a football person and a football person actually from the place where the club is located. It’s not some faceless chancer who’s not been heard of that’s making us fans frantically Googling his name, then getting excited by the fact he’s got a few bob or deflated by the fact that he seems a phoney.
Of course there’s many Ts to be crossed and Is to be dotted but in these gloomy times for us it’s a bit of light at the end of the tunnel, light’s that being shone by one of the UK’s or world’s best ever players who has always, in my opinion, acted throughout his career with dignity.
What’s not to get excited about?

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Great post, he's a top bloke, and it looks excellent news :thumbup:

I'm struggling to imagine Tan with the size of his ego handing over the club to not just anyone but someone who will be regarded as a hero in the way he I think originally wanted to be. Will take a monster bid that he can't refuse.

God I hope it happens though, would be incredible!!

Hasn’t the Sala case been passed on to a ‘sort of’ no win/no fee outfit? Didn’t Tan/the club receive a payment from them with a further pay out to him should the case be won (which you’d imagine the ‘buyers’ of the case would be pretty confident of seeing as they’ve shelled out already). The Bale deal could be a huge face saving, popular deal for Tan, a sort of ‘I’ve left the club in the capable hands of a Welsh hero’.

Putin is rubbing his hands in glee, the Israel/Palestine/Iran/USA situation meaning people are taking their eye off the ball regarding Ukraine and now this Gareth Bale news dominating the world’s media.

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Originally Posted by fingers

This got me thinking about the outcome of the Sala case. What if a deal was struck that any financial compensation, repayments, costs etc would go to Tan and he'd get his costs back? Is that legally possible if it's CCFC's name on the court documents?

A lot of people on here have said Tan won't sell until the Sala case is settled, and let's be honest even if the case (to be heard in September?) finds in our favour there's potential further cases to be filed against UEFA and possibly Nantes, both of which could drag on for years. Give the whole shebang to Tan, he sells and allows CCFC to draw a line under the whole sorry mess (Sorry, I don't want that to come across as heartless for Sala's family). I guess the money spent on the Sala transfer and subsequent court cases has come directly out of Tan's pocket and not necessarily from the club itself?

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I'm sure something like that could be written into any agreement to sell the club. I don't think it's the stumbling block some seem to think it is.

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Originally Posted by Undercoverinwurzelland

I'm sure something like that could be written into any agreement to sell the club. I don't think it's the stumbling block some seem to think it is.

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I wonder if he would still like a minority shareholding too, just in case it ever comes good.

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Originally Posted by the other bob wilson

I don't know about the plans of any one looking to buy out Vicent Tan, but I'm almost at the stage where I don't much care any more. I'm done with being careful with what I wish for.

With a lot of luck and a strong following wind, we might just get back to the Championship under Vincent Tan's ownership, but the last five years (not to mention Kortrijk's relegation) have shown that we've no chance of reaching the Premier League again with Tan, Dalman and Choo in charge.

Who knows, supporting Cardiff City might become fun again.

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I'm here. Also, I just cannot believe Bale would willingly torch his own reputation by getting into bed with a load of chancers. I just don't see what he'd have to gain, he doesn't need the money and he lives in Cardiff for a lot of the time.

Agreed.

Tan sells to Bale & co. Saves face and leaves the fans happy. I think looking good and saving face is a big deal for Tan - just my opinion. As you say, if he can throw out a line along the lines of "I turned down bigger offers to sell to Welsh footballing hero" that's only going to win him favour with the fans.

A deal is worked out that if Cardiff win the Sala case Tan gets his share back. I don't think that's beyond the realm of possibility here.

In the modern football world, a world superstar player like Bale wouldn't let this go public, speak to Sky Sports, and potentially damage his image rights and earning potential unless this was likely to happen, or at the very least serious. Especially for a proud Welshman too. Even if that's not the case, then it does force Tan's hand - Bale & co can't really lose on that matter because they'll either get the club or make Tan look bad for not selling.

But - and just my two pence worth - I think they (Bale & co) know or have worked out what Tan needs to save face and look good, and this whole episode is all very carefully pr'd. On that note, my gut says this may be further along than we think.

Either way, looking forward to seeing what happens next

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Originally Posted by Earnie's bench seat

Agreed.

Tan sells to Bale & co. Saves face and leaves the fans happy. I think looking good and saving face is a big deal for Tan - just my opinion. As you say, if he can throw out a line along the lines of "I turned down bigger offers to sell to Welsh footballing hero" that's only going to win him favour with the fans.

A deal is worked out that if Cardiff win the Sala case Tan gets his share back. I don't think that's beyond the realm of possibility here.

In the modern football world, a world superstar player like Bale wouldn't let this go public, speak to Sky Sports, and potentially damage his image rights and earning potential unless this was likely to happen, or at the very least serious. Especially for a proud Welshman too. Even if that's not the case, then it does force Tan's hand - Bale & co can't really lose on that matter because they'll either get the club or make Tan look bad for not selling.

But - and just my two pence worth - I think they (Bale & co) know or have worked out what Tan needs to save face and look good, and this whole episode is all very carefully pr'd. On that note, my gut says this may be further along than we think.

Either way, looking forward to seeing what happens next

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Looks like he has spoken to talk sport now as well - wonder if Jonny Owen will pick this up as he has shows on that station now and sure he would be interested in promoting the news

The more it can hit the UK media the better - let's hope it doesn't drift away

Wonder if the club will respond to the trusts request for more information as and when it happens

Don’t get me excited. Everything’s shit, remember?

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Originally Posted by RichardM

If that was the case they wouldn't be contemplating buying a football club.

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Investment firms don't buy football clubs to lose money.

I’ve learnt nothing from every other false dawn we’ve had and I’m completely convinced this is happening

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Originally Posted by Nobody's Rep

Looks like he has spoken to talk sport now as well - wonder if Jonny Owen will pick this up as he has shows on that station now and sure he would be interested in promoting the news

The more it can hit the UK media the better - let's hope it doesn't drift away

Wonder if the club will respond to the trusts request for more information as and when it happens

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Would also be nice if the trust could find out if they are more than 1 potential buyer for the club

If you listen to some social media accounts and pod casters there are another 2 iinterested parties

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Originally Posted by MOZZER2

Would also be nice if the trust could find out if they are more than 1 potential buyer for the club

If you listen to some social media accounts and pod casters there are another 2 iinterested parties

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This what the trust had to say this morning
"There has been considerable discussion on social media recently about a bid to acquire Cardiff City FC from current owner Vincent Tan. The situation seems to be somewhat confusing but the actual position appears to be as follows:

Claims that an actual bid by a US based consortium has been made are a bit misleading. As a result of a conversation the Trust has had with the club at board level it seems that no formal bid has been made for the club to consider. Rather, a notice of intention to make such an offer was delivered direct to owner Vincent Tan who seems to have had little interest in it and, in the absence of an actual bid, the matter was not progressed further. The board have confirmed that no bid has been received and that one is not anticipated.

In a very recent Sky Sports interview Gareth Bale stated that he would be interested in being involved with a consortium looking to acquire the club but didn’t claim that an actual bid had been made. He said that something might happen in the future but put no timescale on it.

The consortium seem to have to date just started what I would call a “fishing trip”. i.e put some bait on a line to various football clubs (Plymouth Argyle have been mentioned to date but there may have been others) to see if any of them take a “bite” by showing an intent to explore the matter further.

I have taken soundings from some of my former business colleagues in the accountancy world (some of them having football advisory experience) and their view, and one that might be shared by the owner, is that it would be inadvisable to consider a sale of the club at the moment for a number of reasons, including the following

As a consequence of last season’s relegation the club’s income from TV/media rights and the solidarity payments through the EFL agreement with the Premier League has dropped by a total of approximately £10m. This obviously impacts on the selling value of the club.
The formal hearing in the ongoing legal claim against FC Nantes is due to be held in just a few months time in September with a ruling laid down by the end of this calendar year. If the claim is successful (and there is great optimism that it will) then the club could benefit by many millions of pounds. This would significantly increase the value of the club.
In summary, the position remains uncertain. The Trust will continue to provide updates and commentaries if and when the situation changes

Keith Morgan

Chair"

Thank you

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Originally Posted by RichardM

This what the trust had to say this morning
"There has been considerable discussion on social media recently about a bid to acquire Cardiff City FC from current owner Vincent Tan. The situation seems to be somewhat confusing but the actual position appears to be as follows:

Claims that an actual bid by a US based consortium has been made are a bit misleading. As a result of a conversation the Trust has had with the club at board level it seems that no formal bid has been made for the club to consider. Rather, a notice of intention to make such an offer was delivered direct to owner Vincent Tan who seems to have had little interest in it and, in the absence of an actual bid, the matter was not progressed further. The board have confirmed that no bid has been received and that one is not anticipated.

In a very recent Sky Sports interview Gareth Bale stated that he would be interested in being involved with a consortium looking to acquire the club but didn’t claim that an actual bid had been made. He said that something might happen in the future but put no timescale on it.

The consortium seem to have to date just started what I would call a “fishing trip”. i.e put some bait on a line to various football clubs (Plymouth Argyle have been mentioned to date but there may have been others) to see if any of them take a “bite” by showing an intent to explore the matter further.

I have taken soundings from some of my former business colleagues in the accountancy world (some of them having football advisory experience) and their view, and one that might be shared by the owner, is that it would be inadvisable to consider a sale of the club at the moment for a number of reasons, including the following

As a consequence of last season’s relegation the club’s income from TV/media rights and the solidarity payments through the EFL agreement with the Premier League has dropped by a total of approximately £10m. This obviously impacts on the selling value of the club.
The formal hearing in the ongoing legal claim against FC Nantes is due to be held in just a few months time in September with a ruling laid down by the end of this calendar year. If the claim is successful (and there is great optimism that it will) then the club could benefit by many millions of pounds. This would significantly increase the value of the club.
In summary, the position remains uncertain. The Trust will continue to provide updates and commentaries if and when the situation changes

Keith Morgan

Chair"

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Usually I’d imagine the board would until the last minute to make a statement.it’s best to keep the information to only the people involved in the diligence or the transaction. This is not for any nefarious purposes but the reality is that deals can collapse until the last minute.

There is just too many unknowns to handle and it’s best for both organizations to limit distractions, but the fact that Bale has made a public statement suggests that the process is ongoing.

The Trust will not be privy to the details of any takeover until completion of the deal.

To not make losses the income has to be more than costs.
The losses can be managed by selling assets and or increasing debt levels until such time as there is nothing left to sell or need to borrow.
Going into administration might be a way of turning the corner except for the negative consequences.
I don’t see any new owner wanting to do that.

How would you improve the balance between income and costs over the next few years?

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Originally Posted by BLUEAWAY TOO

Going into administration might be a way of turning the corner except for the negative consequences.

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97%+ of the clubs debt is to Tan and Dalman (Tormen Finance). Administration is completely off the table.

What’s required (and it has been for at least ten years) is a debt to equity swap, however adverse that is for Tan & Dalman and any of the vultures still stinking out the club who are owed a combined c.£3m!!

While I hope this happens, I’m not sure why Bale saying hes involved in a potential bid and being quite open about it indicates that they’re anywhere into negotiations. Other than wishful thinking perhaps. Seems to be he just wants to whip it up a bit

**** WOL and their clickbait titles. Time and time again:

🚨 BREAKING: Vincent Tan's response to the Gareth Bale interest as two big issues emerge 👀

No response. It’s just what the Trust said.