Tan has sold the Belguim club

Printable View

14-06-23, 13:03
North Cardiff Blue

Tan has sold the Belguim club

According to this, how will that affect us?

https://www.insideworldfootball.com/...k-vincent-tan/

US investor Maciek Kaminski buys Belgium’s KV Kortrijk from Vincent Tan

https://www.bbc.co.uk/sport/football/65903427

Cardiff City owner Vincent Tan has confirmed he is selling Belgian club KV Kortrijk.

The Malaysian billionaire paid around £5m to buy the West Flanders-based Belgian Pro League side in 2015.

Tan is now selling his shares to the Kaminski Group, led by American-Polish businessman Maciek Kaminski.

"I wish Maciek Kaminski and his family all the best. Mr Kaminski is a good owner for the club, who already has experience in football," said Tan.

"I think he will take the club to an even greater height. I would like to take this opportunity to thank the fans, staff and the city for their support during my time here."

Cardiff chief executive Ken Choo, who had been working as Kortrijk's managing director, will also leave the club along with Tan.

https://footballleagueworld.co.uk/wh...r-vincent-tan/
14-06-23, 13:08
NYCBlue

Re: Tan has sold the Belguim club

Well, we won't be able to use them to get around the embargo now. Not that we were going to anyway. On the other hand, now Tan is flush maybe he'll spend a few quid. Can we pay loan fees?
14-06-23, 13:11
J R Hartley

Re: Tan has sold the Belguim club

Kortrijk started training for the new season without a proper coach, chairman and CEO, and unease about the ownership situation around the club

Sounds familiar
14-06-23, 13:22
noodles

Re: Tan has sold the Belguim club

Now that Tann has sold KV Kortijk he just may consider using that money to pay off the remaining money owed to Nantes so as to lift the transfer embargo imposed by the EFL and possibily even injecting a few bob into the kitty to purchase a couple of players for the forth coming season?
14-06-23, 13:29
William Treseder

Re: Tan has sold the Belguim club

How will anyone on here know how this will affect us? You should have asked “ can all those on here who like to speculate about the slightest titbit, fire away please ?”
14-06-23, 13:49
Rjk

Re: Tan has sold the Belguim club

Quote:

Originally Posted by noodles

Now that Tann has sold KV Kortijk he just may consider using that money to pay off the remaining money owed to Nantes so as to lift the transfer embargo imposed by the EFL and possibily even injecting a few bob into the kitty to purchase a couple of players for the forth coming season?

paying off all the money to Nantes won't lift the transfer embargo by my understanding
14-06-23, 13:53
The Lone Gunman

Re: Tan has sold the Belguim club

Quote:

Originally Posted by NYCBlue

Well, we won't be able to use them to get around the embargo now. Not that we were going to anyway. On the other hand, now Tan is flush maybe he'll spend a few quid. Can we pay loan fees?

In a word, no.
14-06-23, 13:53
Undercoverinwurzelland

Re: Tan has sold the Belguim club

Quote:

Originally Posted by Rjk

paying off all the money to Nantes won't lift the transfer embargo by my understanding

Think you're right. It's for paying the 1st instalment late.
14-06-23, 13:55
NYCBlue

Re: Tan has sold the Belguim club

Quote:

Originally Posted by Rjk

paying off all the money to Nantes won't lift the transfer embargo by my understanding

This is my understanding too. Although, one would imagine paying off the transfer could help. Maybe by appeal? Who knows?
14-06-23, 13:59
Undercoverinwurzelland

Re: Tan has sold the Belguim club

He still owns Serbian club FK Sarajevo doesn't he? Wonder what his plans for them are.
14-06-23, 16:55
cyril evans awaydays

Re: Tan has sold the Belguim club

Quote:

Originally Posted by Undercoverinwurzelland

He still owns Serbian club FK Sarajevo doesn't he? Wonder what his plans for them are.

Move them to Bosnia where they may be more popular?
14-06-23, 17:09
The Prophet of Doom

Re: Tan has sold the Belguim club

Quote:

Originally Posted by NYCBlue

This is my understanding too. Although, one would imagine paying off the transfer could help. Maybe by appeal? Who knows?

The embargo is a punishment, no matter what the club do it will not be reversed. It's like not speeding again and hoping to have points removed.

The worry is we don't pay the next instalment on time and have an even more severe penalty imposed.
14-06-23, 17:42
Undercoverinwurzelland

Re: Tan has sold the Belguim club

Quote:

Originally Posted by cyril evans awaydays

Move them to Bosnia where they may be more popular?

Wouldn't put it past him!
14-06-23, 17:59
splott parker

Re: Tan has sold the Belguim club

If he paid £5m for them 8 years ago, how much are they worth now? They can’t have increased much in value, if at all.....can they?
14-06-23, 18:06
splott parker

Re: Tan has sold the Belguim club

Quote:

Originally Posted by splott parker

If he paid £5m for them 8 years ago, how much are they worth now? They can’t have increased much in value, if at all.....can they?

Just read it’s for €17.5m, not a bad return but not sure what he’s laid out in 8 years.
14-06-23, 19:21
Former Labour leader

Re: Tan has sold the Belguim club

This sale could be quite significant. Frees up cash for Tan to hopefully support City. Not necessarily by paying fees, which we can't, but paying big wages for good quality frees. Might also give him some wriggle room if another instalment is asked for by Nantes.
14-06-23, 19:21
Former Labour leader

Re: Tan has sold the Belguim club

Ken Choo might just be able to spend a few more hours at CCS now.
14-06-23, 19:23
TWGL1

Re: Tan has sold the Belguim club

I thought I read on here Burnley were buying his club with £1.7 player incentives :hehe:
14-06-23, 19:33
Des Parrot

Re: Tan has sold the Belguim club

Quote:

Originally Posted by cyril evans awaydays

Move them to Bosnia where they may be more popular?

:hehe::hehe::hehe: currently in Bosnia, so very topical.
26-06-23, 05:37
the other bob wilson

Re: Tan has sold the Belguim club

https://twitter.com/sachatavolieri/s...70145923211265
26-06-23, 07:35
Undercoverinwurzelland

Re: Tan has sold the Belguim club

Quote:

Originally Posted by the other bob wilson

https://twitter.com/sachatavolieri/s...70145923211265

Another few years of court cases for Tan?
26-06-23, 10:28
OurManFlint II

Re: Tan has sold the Belguim club

Quote:

Originally Posted by the other bob wilson

https://twitter.com/sachatavolieri/s...70145923211265

Sorry but that's hilarious
26-06-23, 10:35
Carl Dale's Mole

Re: Tan has sold the Belguim club

Cowboy stuff :hehe:
26-06-23, 10:36
DubaiDai

Re: Tan has sold the Belguim club

Quote:

Originally Posted by The Prophet of Doom

The embargo is a punishment, no matter what the club do it will not be reversed. It's like not speeding again and hoping to have points removed.

The worry is we don't pay the next instalment on time and have an even more severe penalty imposed.

I can see a points deduction looming this year
26-06-23, 13:08
Pedro de la Rosa

Re: Tan has sold the Belguim club

Quote:

Originally Posted by DubaiDai

I can see a points deduction looming this year

For what?
26-06-23, 14:29
Rock_Flock_of_Five

Re: Tan has sold the Belguim club

Quote:

Originally Posted by DubaiDai

I can see a points deduction looming this year

Makes me feel like I can't wait for the season to start. :hehe:
26-06-23, 14:44
goats

Re: Tan has sold the Belguim club

Quote:

Originally Posted by Pedro de la Rosa

For what?

Being useless?
26-06-23, 15:03
WJ99mobile

Re: Tan has sold the Belguim club

Quote:

Originally Posted by OurManFlint II

Sorry but that's hilarious

Why
26-06-23, 15:05
Pedro de la Rosa

Re: Tan has sold the Belguim club

Quote:

Originally Posted by goats

Being useless?

If we don't pay the transfer fee (we will), we'll just get hit by another ban and then have to pay the interest.

Barca owe over 100m in transfer fees, for example.
26-06-23, 17:29
splott parker

Re: Tan has sold the Belguim club

If the Belguim are sold, could the Waels club be next:sherlock:
26-06-23, 17:38
BLUETIT

Re: Tan has sold the Belguim club

Quote:

Originally Posted by splott parker

If the Belguim are sold, could the Waels club be next:sherlock:

I was taught “i before e except after c”

But I’ve never heard of “i before u except after g”
26-06-23, 17:59
Blue Tone

Re: Tan has sold the Belguim club

Quote:

Originally Posted by splott parker

Just read it’s for €17.5m, not a bad return but not sure what he’s laid out in 8 years.

On paper it looks like he’s made £12.5m profit n 8 years but I wonder if he’s had to add funds to the club each year like has done with us?