Quote Originally Posted by pipster View Post
Didn't Tan do a loan to equity conversion ?
He has done a few.

He converted £68m and £8m debt to equity in 2016; £12.6m in 2017; £66.4m in 2018.... maybe more in the intervening years.... and £25.6m in 2022. He also regularly wrote off debts.

https://www.bbc.co.uk/sport/football...ee%20by%202021.

https://www.ccfctrust.org/2023/03/

I don't remember seeing a recent Trust commentary by Keith Morgan of the club accounts up to end of May 2023 but the previous year's summary is above. Despite the write offs and conversions Keith was saying that as of May 2022 the club debt to Tan and his family was £73m and nearly £21m more to Tormen Finance (Mehmet Dalman). I think the Tan debt is interest free. The Tormen debt racks up 9% interest pa.