People calling for Tan to go

[pomeroy]

It always amazes me that not all the idiots are on the other board. Tan owns CCFC lock stock and barrel. Almost all of the debt is owed directly to Tan and without him the club is insolvent. In other words the club, at the present moment, is not a saleable proposition and nobody, in their right mind, would offer enough to at least cover Tan’s debt. Those buffoons calling for Vincent to go must ask themselves what lunatic is prepared to pay in excess of £100 million for a Championship club soon to be manager less and threatened with relegation!!

[blue lewj]

It always amazes me that not all the idiots are on the other board. Tan owns CCFC lock stock and barrel. Almost all of the debt is owed directly to Tan and without him the club is insolvent. In other words the club, at the present moment, is not a saleable proposition and nobody, in their right mind, would offer enough to at least cover Tan’s debt. Those buffoons calling for Vincent to go must ask themselves what lunatic is prepared to pay in excess of £100 million for a Championship club soon to be manager less and threatened with relegation!!

Makes you wonder why Tan bought us in the first place.

[The Lone Gunman]

Tan owns CCFC lock stock and barrel. Almost all of the debt is owed directly to Tan and without him the club is insolvent. In other words the club, at the present moment, is not a saleable proposition and nobody, in their right mind, would offer enough to at least cover Tan’s debt.

If this is the case, does it mean Vincent Tan will own Cardiff City until he dies? And what happens then?

If not, what do you reckon are the likeliest future scenarios?

[pomeroy]

If this is the case, does it mean Vincent Tan will own Cardiff City until he dies? And what happens then?

If not, what do you reckon are the likeliest future scenarios?

If you had £100K mortgage on your house and due to a number of circumstances it is now worth £10k, however rich you are you are not minded to sell it. However if your house , again due to a number of circumstances, has the potential over time to be worth considerably more than £100k you might look at selling. IMO the club has to be worth something close to what it owes Tan for him to contemplate selling. We are lucky in the sense that most of our debt is owed to Tan not to banks or other lenders but because of this it seems likely that unless there is a quick change in the club fortunes Tan is likely to be in situ for a good time. I, like you, have little idea as to what the future holds but it seems that we, like a host of other clubs, have to come to terms with economic reality and start by stop paying grossly obscene wages to ordinary players. The average Championship player salary for 20/21 season is reported at over £29K per week, much more than your average Joe earns in a year. This lunatic scenario is not sustainable and will have to addressed by Tan, and many other clubs, in the near future.

[Taunton Blue Genie]

If you had £100K mortgage on your house and due to a number of circumstances it is now worth £10k, however rich you are you are not minded to sell it. However if your house , again due to a number of circumstances, has the potential over time to be worth considerably more than £100k you might look at selling. IMO the club has to be worth something close to what it owes Tan for him to contemplate selling. We are lucky in the sense that most of our debt is owed to Tan not to banks or other lenders but because of this it seems likely that unless there is a quick change in the club fortunes Tan is likely to be in situ for a good time. I, like you, have little idea as to what the future holds but it seems that we, like a host of other clubs, have to come to terms with economic reality and start by stop paying grossly obscene wages to ordinary players. The average Championship player salary for 20/21 season is reported at over £29K per week, much more than your average Joe earns in a year. This lunatic scenario is not sustainable and will have to addressed by Tan, and many other clubs, in the near future.

You are ignoring the running costs. On purely economic grounds most people would sell something for £10K right now if it costs them £1K a month in running costs for the year ahead and when they are unlikely to be achieve a selling price that rises more than £1K per month. The cost to Tan is escalating month by month.

[pomeroy]

You are ignoring the running costs. On purely economic grounds most people would sell something for £10K right now if it costs them £1K a month in running costs for the year ahead and when they are unlikely to be achieve a selling price that rises more than £1K per month. The cost to Tan is escalating month by month.

You ignore the fact that Tan is rich enough to afford the running costs and to a billionaire are probably just a nuisance. He is probably in a position where he could pick and choose when and if to sell but only an idiot, and you cannot call Tan an idiot, would be likely to contemplate selling up now. Having watched the U23’s this season and just now, he might get lucky and be able to cash in some budding Grealish or two coming through.

[Taunton Blue Genie]

You ignore the fact that Tan is rich enough to afford the running costs and to a billionaire are probably just a nuisance. He is probably in a position where he could pick and choose when and if to sell but only an idiot, and you cannot call Tan an idiot, would be likely to contemplate selling up now. Having watched the U23’s this season and just now, he might get lucky and be able to cash in some budding Grealish or two coming through.

I am not ignoring that at all. I referred to your analogy that didn't include running costs and I included a reference to 'purely economic grounds' because ownership of football clubs are indeed not based entirely on pure economic grounds (as your analogy suggested)

[The Lone Gunman]

He is probably in a position where he could pick and choose when and if to sell but only an idiot, and you cannot call Tan an idiot, would be likely to contemplate selling up now.

Would it be idiotic to stop pouring money into a failed project and cut your losses?

Bear in mind that Cardiff City Football Club under the stewardship of Tan and his minions even managed to lose money in the Premier League. Twice.

[Rjk]

Would it be idiotic to stop pouring money into a failed project and cut your losses?

Bear in mind that Cardiff City Football Club under the stewardship of Tan and his minions even managed to lose money in the Premier League. Twice.

I think it isn't unusual for clubs to lose money in their first year in the premier League, as there is often a lot of squad strenghening to do. I think we last made a profit in 2019, bit most of our recent seasons have been a loss.
Sadly most championship sides are making losses most of the time