What happened to that?
Didn't Tan almost cast that in stone?
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What happened to that?
Didn't Tan almost cast that in stone?
I think Coronavirus happened.
Most other teams seem to have survived. Tan one of the richest in our league tooQuote:
Originally Posted by The Hooded Claw
Quote:
Originally Posted by goats
Most other clubs are “surviving” you mean …. Have a look at @swissramble on Twitter if you want to see other clubs finances compared to ours , can see a few more going into administration within the next year or two.
given the recent transfer window there seem to be a lot of clubs tightening their belts at the moment.Quote:
Originally Posted by goats
Tan made the 'debt free in 5 years' commitment in February 2016.
https://www.itv.com/news/wales/updat...-issue-shares/
Keith Morgan gave a pretty thorough update commentary in early 2017 following a meeting with Dalman that was reported by WOL, explaining some of the hurdles to making good on that commitment:
https://www.walesonline.co.uk/sport/...xpert-12703275
Tan has written off a lot of debt and made several big debt to equity conversions. The exact figures have been discussed on here many times.
A few years back (pre Covid) Dalman seemed to have altered the script to question why Tan would follow through with his commitment, rather than explaining why it couldn't be done in the original timescale.
Then Covid happened.
We are better off in liquidation
Oh OK, thanks for that:thumbup:Quote:
Originally Posted by The Hooded Claw
Do you have any understanding of we what liquidation means for a limited company?Quote:
Originally Posted by life on mars
Quote:
Originally Posted by life on mars
:facepalm:
Hopefully a poor joke.Quote:
Originally Posted by life on mars
presumably converting debt to equity is a lot less appealing to do in a company that is reducing in value
The 5th anniversary for the conversion of debt to equity was Feb 2021. The last meeting with Mehmet Dalman prior to the one on Saturday was a Zoom meeting in Jan 2021. He was asked this question then and he confirmed that, due to the financial impact of Covid, the plan to complete the debt to equity conversion had been deferred. No date for completion was given.
also, doesn't the Michael Isaac legal action relate to issuing new shares? might the outcome of this be delaying any further increase in equity?
Apparently we are the only capital city in Europe without a team in its respective top league, maybe soon it will be without a club at all….Quote:
Originally Posted by life on mars
He’ll end up giving the club back to hammam and isaacs at this rate:hehe: that will please a few peopleQuote:
Originally Posted by Rjk
nope, Cardiff met are in the Welsh premierQuote:
Originally Posted by goats
I don't think he will.Quote:
Originally Posted by goats
Does Issaacs have a good case?
https://www.walesonline.co.uk/sport/...court-18365243Quote:
Originally Posted by stan butler
Wales is not a state and Cardiff is not a state capital. The word 'country' means a number of different things and Wales does not have its own exclusive government or representation at international meetings of any gravitas. It doesn't have representation in its own football league (a very lowly league) etc etc. - so the comparison is rather meaningless.Quote:
Originally Posted by goats
Quote:
Originally Posted by The Hooded Claw
8 years after he took over. He'll be looking to get his money back.
Not even a member of the UN. Same status as Catalunya or Thuringia.Quote:
Originally Posted by Taunton Blue Genie