Excited!...............................I think most are entertained by his fiction!........................
Boney, I don't try to appear to be anything. So your comments were not an attempt to raise the temperature here by calling me a pretentious prat?
ivorjackall, good comments but I do not buy into all this "bigger than you" garbage. I personally think the Swans have done brilliantly well since the supporters trust bought the club. I have nothing but total respect for what they have done in the 10 years. You'll have to address the '"capital city" bilge' with those that spout it out although I know it will only cause further pointless comments from both sides. Both our clubs are stable albeit with a different business model in place and long may it remain.
I think you also need to define the word "stable" , if Tan pulls the plug and wants his money where will that leave you .
Nice retort,Valley. It seems our friend lives in a different world to the rest of us. Presumably he thinks that the Spanish,Greek and Cypriot,etc.,economies are also "stable".
Bony/Lib/Grad, I guess you must be leaders in some heavy duty companies as you clearly know so much about finance and big business, but if you care to look at what is happening within the walls of CCFC you would come to realise your talking a load of pony. If Tan walked away tomorrow I think you will find there will be enough investors waiting in the wings.
I know enough to understand that if Tan walked away tomorrow you are still landed with an £80+million debt hanging over your head. That is not what I would call a stable business.
But it is not likely to happen and he isn't owed 80 million. He is also looking at floating the club to maximise his investment which means he turns his debt into equity to make the club more attractive to investors. He will not walk away if he can't get (at a minimum) his cash back.
I get the impression that they see Tan as some kind, benevolent, patriarchal figure,who will bankroll their Club,regardless. In fact,he is a hard nosed businessman,and should be viewed as such,i.e.,with suspicion.
£1 loaned = £1.07p return , work the maths out for your self .I thought he was going to do that last year (debt into equity) but still nothing and the money owed continues to grow , I can't believe that a mutti millionaire hasn't worked out and taken advice on the Keith Morgan, a Cardiff City supporter and director at international accountancy firm Mazars, said an IPO would be one way of Mr Tan getting a “big return” on the money he has loaned the club, which he believes to be about £60m-£70m. “But the benefit for the club is that in order for Vincent Tan to make money that way he will have to write-off the loans and convert them into shares,” Mr Morgan said. “That would make Cardiff City much more attractive to potential investors, especially as a Premier League club. “The problem with football clubs is there is no guaranteed income stream. Football is a very volatile income stream. In the Championship, Cardiff City’s total income was £20m. In the Premier League that income goes up to £80m. “If you get relegated, yes you do get parachute payments, but your income falls of the a cliff, say from £80m to £40m. Normally the stock exchange investors are in it for the long-haul. “If you invested in Manchester United there is very little risk of them getting relegated and therefore losing a high proportion of their income. Whereas Cardiff City, or Swansea City, there is a very real risk.” He questioned the likelihood of the IPO’s success given Manchester United withdrew from a £640m listing on the much bigger Singapore Stock Exchange last July. “The question is how much money are they going to raise when Manchester United could not do it? The counter-argument is that Vincent Tan has contacts in business and politics out there that might help it to be a success,” Mr Morgan said. “He would certainly want to retain a degree of control over the football club. The club is still a very good marketing tool for his other businesses in the Far East as being in the Premier League brings gravitas.” Professor Laurence Copeland, a finance expert at Cardiff University, said he could see little advantage in listing on the Kuala Lumpur Stock Exchange as opposed to the larger Singapore market, aside from more relaxed regulations. “He has presumably decided he wants to value his holding in Malaysia. But why would a Malaysian investor or pension fund want to invest in a Welsh football club? If he can make a compelling case there then he could do that in London and raise far more money,” Prof Copeland said. Cardiff City Supporters’ Club chairman Vince Alm added: “As a fan I do not like it. It’s a risk. Unless you are a global name I don’t see how it would be successful. “He is probably trying to float it on the back of Premier League football, but we are not yet an established Premier League club. “I don’t see it happening in the foreseeable future, but I would expect that we will be floated on an Asian market eventually as I think that was his intention from day one.” Dr Rogan Taylor, of the University of Liverpool’s Football Industry Group, said: “It’s difficult to know, without looking very closely at the books, what the purpose of this exercise is. “Football is traditionally a pretty poor investment if what you want is profit. There is a lot of other benefits from football, but profit isn’t one of them.” Vincent Tan's radical plan has also evoked a lot of reaction on the popular Cardiff City message boards. On CCMB.co.uk, Cowbridge Blue posted: “Beyond the embarrassment of there being few takers, I'm not sure there are any threats that would jeopardise the club's existence. “Following the attendance of the President of Maybank at one of City's end-of-season games, one assumes Maybank (largest bank and financial group in Malaysia) is likely to be involved.” Ngriffiths added: “It looks like Tan has got a plan and being red and having a dragon on the badge will give his plan more chance of success in Asia. Thiscould take club to another level if it works.” Exiled Jirga said: “At least we will see just how popular the corporation is in Malaysia.” Arfur Europe said: “My fear is that a faceless corporation could buy Tan out and it nearly always is a case of better the devil you know.” A local club for local people
Bony, I think you may learn more from your thread than I. Now go read up on all the information out there as to why he hasn't yet converted his loan to equity. I and other Cardiff posters have said pretty much the same as your thread over the months. Nothing new and as with every business man in football they are in it for the money including your board as you are apparently soon to find out based Norways thread, if he's to be believed.
Most foreign owners are in this game to make money so there is not much chance of cardiff owners leaving very soon..Its in their interest to spend a bit of money now to stay in the premiership for a number of years so that they will make their money back and more and pay off any debts the club has.....I would not underestimate tan and his Orthodox ways of re branding the club as so far he has reached his objective of getting cardiff into the premiership where the big money is......I would hate it if we re branded but if it meant that we had to if we were in the situation cardiff were in then so be it...we could even learn a thing or two about investment from tan like he has learned a thing or two of how we do things....
To be truthful I really can't be arsed , your club , your mess . But one parting shot across your bows , don't think you can even think to compare our club / board with that train wreck of a club you call yours .
