Tan does not take interest on his loans. He was charging 7% but wrote of £5m in interest payments and now all his loans are interest free.
When you have millions to spend as you like you choose what to spend it on, Tan wanted to spend it on Cardiff as the team with the most potential. It is like owning a very expensive car, he has all he wants but premiership club is the icing on the cake. Then there is beating the other billionaire owners that`s more the sort of thing Tan will feel proud about. It is important to Tan to deliver what he promised. If he wanted he could have left when we failed to get promotion season after season...and no matter what anyone says we are a rich club thanks to Tan. Hull just broke the bank on one player for £6 million thats just pocket money compared to our spending power. jck
The issue is that when clubs have just a dominant owner it either works out great if everyone is on the same sheet or else they tend to do things that antagonise support (albeit for maybe sound commercial reasons) al la Hull. Now we have Southampton whose clubs seem to have been turned upside down over a matter of a few months.
Dai, I've said it before and I'll say it again. I am sure you are a good guy and well done you for doing your bit when Swans were in administration and then pulling themselves out of it. However, I am also certain that your mate Huw was absolutely correct when he gave you the toilets to clean coz you definitely know f*** all about finance or anything higher than toilet cleaning. if you did so, you wouldn't keep talking this **** about not understanding how company debt works. I'll do you a favour. next time I am over in the UK , I will come and sit down with you and explain it all to you. For someone who has a lot to say about CCFC debts and yet cannot see the dangers that exist for Swansea through over-extending, it takes the biscuit. Maybe you could do worse than read a bit about Leeds and our former bête noire, and their attempt for European glory which turned to crap and cost them a lot of club assets. Alternatively, you could look into your own history a bit more and see where the glory of getting to the top division got you in the end....twice.
