What happened to that promise about being debt free in 3 years? Wasn't that about 4
years ago?
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What happened to that promise about being debt free in 3 years? Wasn't that about 4
years ago?
No - it was debt free in 5 years - and was said 5 years ago (mid February 2016).Originally Posted by Joe Gillis
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.
Best owner we’ve ever had.
Do you believe the club has progressed since Tan took full control? If so, in what respects?
Yes - Stability
Even if he turned around and said the club still in debt for say £70 million, which is largely due to his multiple CEO bad mgt and poor mgt choice over the years. I’m not sure we are in debt by the way. As for Sam he hasnt the means to take us forward, he’s nothing compared to Tan in terms of wealth, all he would do is hand himself a nice 1 million a year salary and we’d immediately be in debt to the tune of how much he borrowed to by us.....
When we were facing court and winding up orders he was still taking £900k for his services company and even demanded a payment to his brother or cousin when we were close to the brink. Tan is not perfect but other than the red crap we are stable.
For Christ’s sake why can’t you let it go, Tan made a mistake changing the Clubs colours, he rectified that but some people just can’t forgive and forget. And yes the Club has progressed immensely since he took over. He is without doubt the best owner of CCFC in my lifetime.
If you choose not to support the Club that is your choice but don’t keep on with your negative innuendos and dig at Tan.
He isn’t the only one to ever make a mistake.
Funny enough the few who can't let it go are the same ones that said nothing when a certain other owner was taking us to the cleaners. Maybe Tan could buy their support with an ice cream
It appears that there are those who simply cannot let the Hammam era go and bring it up frequently. The debate here is about the club's progress or otherwise under the stewardship of Vincent Tan, not Sam Hammam. The latter is long gone. The former is the club's current owner.
Comparing Vincent Tan with Sam Hammam is about as valid as comparing Mick McCarthy with Dave Jones.
Little aggressive there, Cleve. Are you having a bad weekend, perhaps?
You say the club has progressed 'immensely' since Tan took control, which effectively happened in 2012. That's your opinion, which is fair enough. So, given that you believe the club has progressed 'immensely' since 2012, in what ways would you say that progress is evident to anyone who is looking for differences between Cardiff City Football Club in 2012 and Cardiff City Football Club in 2021? Can you provide any examples of the immense progress to which you allude?
Been in Premier League twice, finished second in Championship with club record number of points and automatic promotion, own the stadium outright, debt to equity conversion, charitable trust/foundation created supporting local communities with millions of pounds of Tans money, training ground facilities vastly improved, academy creation, etc etc. Is that enough ?
Little aggressive there, Cleve. Are you having a bad weekend, perhaps?
You say the club has progressed 'immensely' since Tan took control, which effectively happened in 2012. That's your opinion, which is fair enough. So, given that you believe the club has progressed 'immensely' since 2012, in what ways would you say that progress is evident to anyone who is looking for differences between Cardiff City Football Club in 2012 and Cardiff City Football Club in 2021? Can you provide any examples of the immense progress to which you allude?
How can you forget the two glorious seasons in the sun??
Little aggressive there, Cleve. Are you having a bad weekend, perhaps?
You say the club has progressed 'immensely' since Tan took control, which effectively happened in 2012. That's your opinion, which is fair enough. So, given that you believe the club has progressed 'immensely' since 2012, in what ways would you say that progress is evident to anyone who is looking for differences between Cardiff City Football Club in 2012 and Cardiff City Football Club in 2021? Can you provide any examples of the immense progress to which you allude?
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