Quote Originally Posted by the other bob wilson View Post
So, you're telling me that you didn't start this thread with the purpose of having another go at Vincent Tan about debt to equity after the other members of this Board couldn't come up with the answer to your original question? In the event, Penarth Blues found something which explains things quickly and succinctly. You say there were other reasons for the delay originally, but were there really? I'm beginning to think that it's always been just the one reason (the reason discovered by Penarth Blues) and the club were reluctant to divulge it because they didn't think it reflected well on them.

As I mentioned before though, whatever the rights and wrongs of what I say the simple fact is that Vincent Tan wentg ahead with the conversion as quickly as the Championship FFP regulations allowed him to - perhaps the ones for the Premier League will mean that we will see something different in the accounts for 18/19 when they are published?
Yes, I am telling you exactly that. Whenever I have mentioned debt to equity, I have heard a number of different reasons why I am wrong. I started this thread to see whether there was evidence that backed up some of these claims, and because every time I mentioned it in other threads, people told me to start my own thread! When I do that, people then claim I have an agenda.

That there is evidence (of FFP rules) that Tan was unable to convert debt to equity in recent years because of that rule. It was not, as some claim, due to Malaysian regulation laws - although I wonder where those people got that information from. You are starting to fall into the category of playing the man and not the ball - although in fairness you often take both (that is not a criticism by the way).

As for there being other reasons, of course there were. Surely you remember Tan saying that Hammam was the main stumbling block to making Cardiff City debt free. When Hammam was no longer a stumbling block, it was promotion to the PL that would see the club debt free. Have we always been at war with Eurasia? The current FFP started for the 2016/17 season. Were the FFP rules also preventing debt to equity in 2014-2016?

As for 18/19 - my understanding from some of the above posts is that Tan will not be able to convert debt to equity in Cardiff's first season in the PL.