TAN had a good offer to sell the club, but told them to sod off?

Anyone know who made the offer?
Did Vincent really turn it down due to his fondness for the club? :ayatollah:

There are twitter rumours, probably shit , that he is looking to offload asap.
Yes, according to Dalman he has turned down a good offer.

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Originally Posted by Former Labour leader

There are twitter rumours, probably shit , that he is looking to offload asap.
Yes, according to Dalman he has turned down a good offer.

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Fake twitter accounts? I honestly don't believe he wants to sell. I wonder who offered to buy the club

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Originally Posted by Former Labour leader

There are twitter rumours, probably shit , that he is looking to offload asap.
Yes, according to Dalman he has turned down a good offer.

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No, he likes losing £3 million a month, it’s fine....no worries....if only he had about 45 million from sky eh?

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Originally Posted by stan butler

Anyone know who made the offer?
Did Vincent really turn it down due to his fondness for the club? :ayatollah:

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Reading the other forum it appears that Sam is involved and that’s why Tan turned it down?

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Originally Posted by Former Labour leader

There are twitter rumours, probably shit , that he is looking to offload asap.
Yes, according to Dalman he has turned down a good offer.

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Which is quite confusing don’t you think....which is true do you think, he had a good offer? Or he wants to sell?

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Originally Posted by Ianto13

Reading the other forum it appears that Sam is involved and that’s why Tan turned it down?

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There’s no way way hammam has the funds...he didn’t before

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Originally Posted by goats

Which is quite confusing don’t you think....which is true do you think, he had a good offer? Or he wants to sell?

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If we believe Dalman he has had a number of offers over the years, including at least 1 good one.
Given the current worldwide recessions which are undoubtedly affecting Tans business interests it is almost inconceivable that he is not looking to sell CCFC. I think we are lucky that his 'pride' is not allowing him to sell at any price and he continues to support us. Mind you I dont think that support can continue forever.

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Originally Posted by Former Labour leader

There are twitter rumours, probably shit , that he is looking to offload asap.
Yes, according to Dalman he has turned down a good offer.

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Must be true if it says so on Twitter :shrug:

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Originally Posted by Former Labour leader

If we believe Dalman he has had a number of offers over the years, including at least 1 good one.
Given the current worldwide recessions which are undoubtedly affecting Tans business interests it is almost inconceivable that he is not looking to sell CCFC. I think we are lucky that his 'pride' is not allowing him to sell at any price and he continues to support us. Mind you I dont think that support can continue forever.

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Whats this "support" nonsense? Most of the debt is of his own making after a number of poor decisions.

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Originally Posted by Former Labour leader

If we believe Dalman he has had a number of offers over the years, including at least 1 good one.
Given the current worldwide recessions which are undoubtedly affecting Tans business interests it is almost inconceivable that he is not looking to sell CCFC. I think we are lucky that his 'pride' is not allowing him to sell at any price and he continues to support us. Mind you I dont think that support can continue forever.

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Wonder why he doesn’t sell say half to one of his very wealthy Chinese chums? That would be ideal wouldn’t it?

Tan bought this as a business.

I would assume he was always willing to sell for the right deal

If Tan wants to build the narrative that he loves the club then I can't see that being a bad thing.

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Originally Posted by Rjk

If Tan wants to build the narrative that he loves the club then I can't see that being a bad thing.

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I suspect there's an element of Malaysian culture mixed in here somewhere meaning he won't sell unless he can make it look as if he's doing it for the 'bigger' good of the club. Not necessarily a bad thing as Tan has undoubtedly been the best owner we have had in my life time.

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Originally Posted by Ianto13

Reading the other forum it appears that Sam is involved and that’s why Tan turned it down?

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Thank god for that.

Fake news :) Also, if we’re supposedly losing 3m per month (36m per year) despite picking up 36m in parachute payments this season then we’re apparently bleeding 72m a year? That doesn’t sound right. Or did they conveniently not include this revenue when highlighting those losses? In which case we’ll break even give or take.

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Originally Posted by Former Labour leader

If we believe Dalman he has had a number of offers over the years, including at least 1 good one.
Given the current worldwide recessions which are undoubtedly affecting Tans business interests it is almost inconceivable that he is not looking to sell CCFC. I think we are lucky that his 'pride' is not allowing him to sell at any price and he continues to support us. Mind you I dont think that support can continue forever.

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Why do people continually talk about VT's financial position and the club not being able to afford this or that as if they know all about his personal and club finances.
It's bollox. Like people saying there is no money for players just before we buy one.

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Originally Posted by xsnaggle

Why do people continually talk about VT's financial position and the club not being able to afford this or that as if they know all about his personal and club finances.
It's bollox. Like people saying there is no money for players just before we buy one.

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I'm not pretending to have any insider knowledge. The businesses that I know that Tan is involved in, and this is in the public domain are in retail, hotels, McDonald's franchises and car sales. All those have been affected by the pandemic. In that scenario cash flow is not going to be good and it really doesn't take a chartered accountant to suggest that he ought to consider selling loss making businesses. Doesnt mean to say he will though.

On the other hand, you don’t sell businesses when their valuation is low.
Vincent Tan might look at selling the club if it were promoted, where its valuation would be much higher, thus releasing cash for his other businesses (or himself).

What happened to that promise about being debt free in 3 years? Wasn't that about 4
years ago?

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Originally Posted by Joe Gillis

What happened to that promise about being debt free in 3 years? Wasn't that about 4
years ago?

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No - it was debt free in 5 years - and was said 5 years ago (mid February 2016).

Since then Mehmet Dalman has answered questions about the 'debt free' commitment several times - and the Trust has given regular commentaries on progress.

I may not have remembered this right - but I think Tan has converted £79m to equity and written off other debts on top of that - but the Board advised him to postpone any further conversions (last year or the year before?) because (I think) of FFP rules and since then the Covid impact.

Maybe Keith can give an update on the latest position.

Whatever - Tan went a long way to doing what he said in 2016, but is not there yet.

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Originally Posted by goats

Wonder why he doesn’t sell say half to one of his very wealthy Chinese chums? That would be ideal wouldn’t it?

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Malaysian maybe

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Originally Posted by jon1959

No - it was debt free in 5 years - and was said 5 years ago (mid February 2016).

Since then Mehmet Dalman has answered questions about the 'debt free' commitment several times - and the Trust has given regular commentaries on progress.

I may not have remembered this right - but I think Tan has converted £79m to equity and written off other debts on top of that - but the Board advised him to postpone any further conversions (last year or the year before?) because (I think) of FFP rules and since then the Covid impact.

Maybe Keith can give an update on the latest position.

Whatever - Tan went a long way to doing what he said in 2016, but is not there yet.

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At the recent meeting with MD and KC, KC confirmed that no further conversions of debt to equity had happened since the last set of accounts. As you say, this month is the 5th anniversary of VT’s commitment. There is no doubt that he was converted a significant amount of debt to equity, Michael Isaacs would not be bringing his legal case against us if he had not. VT has also written off debt. However he has also transferred some of his debt to other parties so the “debt free” aspect, if that was what he promised I can’t remember, is not going to be the case. We are also trying to borrow £8m from the EFL, that will have to be paid back by 2024 I think, which will increase indebtedness in the short term.

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Originally Posted by light up the darkness

Malaysian maybe

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Half of Malaysians are Chinese Malay I think?

If he's run us as a business then he's failed massively. He should have got someone in straight away, in the background that knew football. That one appointment could have saved a lot of money and disappointment.

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Originally Posted by UNDERHILL1927

If he's run us as a business then he's failed massively. He should have got someone in straight away, in the background that knew football. That one appointment could have saved a lot of money and disappointment.

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Lots of clubs are run by football people and they still don't have a clue. One of the most experienced would be Peter Ridsdale and that wasn't a great time either.

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Originally Posted by 2b2bdoo

Lots of clubs are run by football people and they still don't have a clue. One of the most experienced would be Peter Ridsdale and that wasn't a great time either.

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Yeah not saying it guarantees success just better than what we currently have in my opinion.

We've been to the Premier League twice (don't personally count that first time mind) but with a bit more direction and clever management behind the scenes we could have quite easily stayed up at least one season.

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Originally Posted by goats

Half of Malaysians are Chinese Malay I think?

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Top half or bottom half?

If he refused to sell due to it being an unfit potential buyer then Vincent Tan needs to be applauded.
And if it was Sam Hammam involved thank god Tan refused we have been bitten by him once before and he still refuses to go away.

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Originally Posted by jon1959

No - it was debt free in 5 years - and was said 5 years ago (mid February 2016).

Since then Mehmet Dalman has answered questions about the 'debt free' commitment several times - and the Trust has given regular commentaries on progress.

I may not have remembered this right - but I think Tan has converted £79m to equity and written off other debts on top of that - but the Board advised him to postpone any further conversions (last year or the year before?) because (I think) of FFP rules and since then the Covid impact.

Maybe Keith can give an update on the latest position.

Whatever - Tan went a long way to doing what he said in 2016, but is not there yet.

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Best owner we’ve ever had.

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Originally Posted by UNDERHILL1927

If he's run us as a business then he's failed massively. He should have got someone in straight away, in the background that knew football. That one appointment could have saved a lot of money and disappointment.

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Probably like every other Club then, which Clubs are profitable?

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Originally Posted by Cleve van Leef

Probably like every other Club then, which Clubs are profitable?

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Not many but we'd be better financially had we stayed in the Premier League, can't argue with that

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Originally Posted by UNDERHILL1927

Not many but we'd be better financially had we stayed in the Premier League, can't argue with that

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Would we? Until our wage bill creeps up to something crazy like 100 million like most mid table PL clubs, then it’s a fine balance to make sure you don’t go down and into possible oblivion

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Originally Posted by goats

Would we? Until our wage bill creeps up to something crazy like 100 million like most mid table PL clubs, then it’s a fine balance to make sure you don’t go down and into possible oblivion

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Seems like oblivion is closer than most of us would like to admit at the moment.

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Originally Posted by Former Labour leader

I'm not pretending to have any insider knowledge. The businesses that I know that Tan is involved in, and this is in the public domain are in retail, hotels, McDonald's franchises and car sales. All those have been affected by the pandemic. In that scenario cash flow is not going to be good and it really doesn't take a chartered accountant to suggest that he ought to consider selling loss making businesses. Doesnt mean to say he will though.

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But a lot of those businesses, if they are not trading they just lay the staff off, so overheads are reduced, and if he got rid of them then in 12 months time somebody else would be making all the money from them. As someone else said, you don't sell at the bottom of the market.

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Originally Posted by UNDERHILL1927

Seems like oblivion is closer than most of us would like to admit at the moment.

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Why do you say that? What is the evidence for it?
Whatever the financial state there are a lot of clubs that will go bust before we do, you can bet on that.

Won't necessarily be an entirely bad thing when the money inevitably reduces in football . Personally I don't like huge clubs just buying success or making the top spots in the premiership impossible for everyone else.

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Originally Posted by xsnaggle

Why do you say that? What is the evidence for it?
Whatever the financial state there are a lot of clubs that will go bust before we do, you can bet on that.

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I'm judging what I see on the pitch, League One is closer than it's been for a long long time and the financial implications of that don't bear thinking of.

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Originally Posted by UNDERHILL1927

Yeah not saying it guarantees success just better than what we currently have in my opinion.

We've been to the Premier League twice (don't personally count that first time mind) but with a bit more direction and clever management behind the scenes we could have quite easily stayed up at least one season.

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I do agree, I think our problem will always be Tan trusted Malky and it backfired big time and I don't see that trust happening again.


Problem with "football men" is they don't tend to have the money or it isn't their money. Or even worse someone like Sam who had a little money but still trying to screw us decades on.

Anyone notice that there is a Ccfc sponsor called Samtrust I think it is - finance company?