NJ I haven't said it is viable. What I have said is for VT to float a club it needs to have a healthy balance sheet with no or next to no debt. With FFP coming into the equation it mayl actually help clubs, if followed, promote themselves on the stock exchange. As you all keep pointing out on here we're part of a franchise which means we are a subsidiary of a larger corporation. This means VT knows his onions so to speak and he knows owning a club in the premier league will bring dividends. It is in his interests that we stay in the premier league. I think most people know the risks and business decisions have to be made. We all know VT is a business man and he wants to make money, that's why he invested in Cardiff City.
Taff you are talking total nonsense now, its irrelevant how the balance sheet looks the whole idea is flawed as its proven only about 1% of football clubs pay out dividends to shareholders with most losing out completely!! Prune juice economics. money goes in one end and goes straight back out in higher wages,agents fees etc,etc. Jeez taff, the dividends it will bring him are for his other buisnesses not your business ! the club is a marketing tool for other things in his empire and all he has to do is to keep the wheels turning until its served its purpose. He makes money from lending your club cash at extortionate interest rates mate, 7% is it not? that's why he invested in your club,they ll do it,exactly the same happened at Pompey and other clubs, hammam did exactly the same! Cardiff fc pay interest to VT on the loans he gives you,turning it all into equity eventually means exactly the same thing, you will owe him money !! Ask your self one thing, if he wants the best for your club why not loan you money at zero percent interest like mike ashley did at Newcastle? its a question none of you have ever answered and ive asked it many times !! He is squeezing the club,bleeding it dry and using the profile to enhance other intrests, cant believe none of you guys can see it
I know, they have completely blocked out the obvious! Totally in denial of the real facts...................
NJ, Putting 100 million into the club is squeezing it dry! Who said anything about dividends? Given your scenario then isn't your board squeezing you dry by taking dividends? Okay how does VT get something out of this. He owns a TV sports channel. These types of channel make money, how? They have paying customers and they have sponsorship revenue. VT had an agreement to televise all Cardiff home games on his channel, I suspect he will try and negotiate a deal to get all our premier league game televised as well. He will then get increased sponsorship because he is televising premier league football, to do this Cardiff have to remain in the premier league. So what must he do to keep Cardiff in the premier league? Invest in Cardiff. All pretty simple really. He has a vision to float Cardiff on the stock market, now this is the gamble but again he has to make the club attractive, to do this he has to reduce the debt. We are about to embark on our first season in the premier league and it will be a tough season for us. The first season also for VT and given he's put so much into the club he'd want us to do well. Realistically I think we will do well to survive and that must be our aim. If we survive then we can then move on.
Where is the answer to the question,why loan the club money and charge massive interest? Ashley doesn't do it at Newcastle . So if he has put in £100m as you say the balance sheet will say your £15m in profit! Considering the debt was reported at 85m. He hasn't put that cash into your club has he. Converting the loan notes into shares just means nothing in real terms. With respect who is going to buy Cardiff city games in Malaysia ? It's like saying the swans will make multiple millions by selling it's games to Denmark! There maybe a few who will buy but not many and not enough to claw back £100m! But you forget something.commercial/tv rights are sewn up and water tight,what you are saying is that you will get paid twice! Once by sky and again by tv rights in Malaysia! Clubs cannot negotiate their own private deals,its why sky pay the big bucks, you get £90m off them and they in turn sell those rights to the other countries. You already have your cash from the Asia market you can't get it twice mate ! Why you think tan will succeed where utd,liverpool and other big teams have failed is beyond me. You can't sell the same product twice. Exclusive rights to prem football belong to sky and bt,every other country/channel buys from them,why would tan use oat money from sky to buy tv rights from sky to show Cardiff city in Malaysia ?
NJ, clearly you really do not know much about accountancy, share options or big business. All your questions have been answered umpteen times over the time VT has been on board. I guess you just do not want to see the real picture.
Neither do you taff if you honestly believe that 83m debt of yours has just been cleared. I too haven't seen any answer with regards to the 7%.
I can't comment why 7% was decided, that's a question for the club to answer. No I do not honestly believe 83 million debt has been written off. If you are that interested go to my post where the 83 million is broken down. Unfortunatley you probably won't understand that either because your grasp of accountancy practice is not good enough, this much is clear given your consistent inaccurate assumptions regarding the 83 million and what it is constructed of.
No need to get rattled taff, or have you finally grasped the understanding that you are getting screwed by the 7% interest that Tan has slapped on your backsides
It seems I'm not the only one who fails to understand taff I heard the same guff from you guys when Sam was screwing you, I heard the same guff when riddler was screwing you and now I here the same things all over again. Billionaire business men know more than both of us, you are applying the romantic version of business men but the harsh reality is that tan didn't make his money by spunking away £100m quid on anything let alone a football club! He doesn't give a **** for your club or fans and is only interested in one thing,making money! In case you haven't realised ,football clubs as a rule do not make money! There are only a few that do,arsenal and swans being examples. After being ****ed over so many times you guys still think he is there with a long term moneymaking plan for Cardiff, but just look at his comments, saying he will look to leave the club if the fans don't get with him,where does his long term strategy fit in when he states he is ready to **** off at the drop of a hat because he doesn't get enough support ? That isn't playing a long game and proves he doesn't need the club for other linked business intrests
Hi, just having a quick browse around the site and looked in on this thread. No time to scroll every individual comment but noted a few saying it appears I have banned certain people from particular club boards. I have no clue who I have banned from what board. Things happen we move on. If mods wish me to lift any bans from their own club board, then they know the process for getting it done. Also if I have forgotten to lift a ban, just request it again in the appropriate manner. Please leave a profile link on doing so, your username abbreviations are known to you, not me. It really is that simple. As for posts being deleted, nothing to do with me, so you will need to speak the relevant board mods. thanks
incorrect brb, you listed who was banned from a few boards on the mod board if I remember correctly and Cardiff was one of them
NJ, I know what billionaire business men do, I think I have made it quite clear, no romantic notions here. VT is building a club and he intends to float it on the market. Right that is quite clear even for you I think. He currently has his loan in place which he will convert to shares before he attempts to float the club. This will remove the majority of the debt and they will then be privately owned shares of Cardiff city football club. Do you understand that concept yet? If he wishes to then leave the club and recoup any money the club has to be viable. So that is one side of the coin. He is also putting in business process and practices to ensure the club is run correctly based on his business model and in line with generally accepted accounting principles. Along with the FFP this should ensure the club operates within its means. To do this he will need to ensure we remain in the premier league and he gets new investors into the club, now they may well be private investors who will buy in or he may go ahead and float the club on the markets. Now you do understand the concept of putting the club on the market right? It is one way of generating money, whether he decides to sell his shares or not. You are quite correct Football clubs in themself do not make money, it's the other interest related to the club that brings in the extra revenue. With regard to your earlier comment about SKY and tv rights, VT has already done this in the championship and I would be surprised if he doesn't try the same again in the premiership. You think SKY or the premier league would turn down extra income? I think not. No he doesn't need Cardiff city for his other business needs, but in the premier league they will enhance his portfolio and generate extra income from sponsorship deals on his TV channels. All this because he is a business man. He could also say, that's it I'm bored and I'm selling the club because as it stands at this moment in time he will recoup his money.
Astounding delusion yet again taffy. Pretending you know what your talking about is not the way to go. Didnt you read the comments regarding clubs being floated? It doesn't work !! So knowing it doesn't work why does he apparently head in this direction ? As I said,he is a clever guy,so he ain't converting loans into shares unless he knows how to get money back,the way to get money back has been explored by many and nobody know-how he will really do it. Do you think somebody will pay £100m for Cardiff city ? No of course not so how does he get £100m without dipping into the sky money?
NJ, your going round in circles mate. Apparently 83m -25m = 0 debt, not to mention the money spend on bringing new players in. Maybe that's why they can't afford to change their seats from blue to red for next season. Thern again, seeing as they are now debt free, they've got no excuses
I know I am mate, the red dragons just refuse to believe anything other than a perfect world! its not really suprising either judging by the easy ride the fans gave hammam for racking up debt,the riddler for racking up debt and de frauding his own fans with the golden ticket scam(to save the club from liqudation) then they let tan change and rebrand everything and threaten to leave em in administration if they give him **** !! it really is quite staggering the lack of balls their fans have, but they are all financial wizzkids apparently and yet again everything is fine because they are "debt free" ..
I think we are a bit more realistic than you'd like to imagine, pointless trying to explain anything to you NJ as you are clearly clueless where business finance and the stock market sits. From what you are saying only Arsenal and the Swans know how to run a football club because the accounts say you are not in debt. Live in that land of fluffy clouds fella, there#s none so blind as those that will not see. I am fully aware of the pitfalls. I haven't painted a perfect world but I am a bit more realistic than you doom and gloom merchants whose argument revolves around "football clubs don't make money" and you say we're blinkered. Comment as much as you like on my club NJ no one can take you seriously with your refusal to see what has been put in front of you.
