First day of the month. Some of the oldies might understand. Nothing to do with the title but now you're here have a gander at this article: http://www.ccfctrust.org/?p=3599
The article was my understanding of the situation too but in more detail. Spotted your signature snlk, and surprised you haven't got stick. I mentioned my dislike for Tan and was met by some disagreeable posts from certain quarters. Probably because I'm a Jack. The article confirms what I've said all along. Cardiff supporters should care about Tan's apparent reluctance to convert the loans to equity, despite his promises. I accept it has more interest for Cardiff fans than others but as fellow Premier League clubs we should all be concerned at what our owners get up to. Cue the "Jenkins robbed pensioners" posts.
Signature has been there for months. We are a broad church over here and offer all options when it comes to City fans views. We don't need to set up an alternative forum to get across a viewpoint we just debate.
Im not at all concerned about his reluctance to convert. If he owns the club outright he can continue to run the club as he sees fit. He will only go when he gets his money back. So the club will need to be sold. At the moment no chance of a buyer. If we want Tan to leave I cant see how this will be of benefit. If he doesnt convert then he decides to call in his debts. That will involve player sales and money back through the parachute payments. Exit in sight a few years down the line unless a buyer comes in as the debt reduces. The club will still have to meet all its other financial obligations as admin would mean parachute payments being witheld. So the question is Tan converting and being our owner or Tan exiting and recalling his debts. Scenario 2 will mean a slip down the leagues in all probability. There is the other more likely option. Tan doesnt convert but stays with a playing budget to target a return. I think hes in too deep and needs the club back in the PL. To do that he needs to sort his appalling running of the club out , stick his nose out of team affairs and let us play in blue. Saying that weve been promoted once with the way hes run the club. Who knows? There is no chance of admin or liquidation while we have these parachute payments so chill and just watch the football.
Overall, a good balanced article. I might be wrong but I thought VT had already converted a sizeable chunk of previous loan money into equity. The figure of £20/30m springs to mind from his first investments and when he bought out the shares of previous directors. If he has that sort of money already locked in, it makes it that much harder for him to walk. However, we could all rest a little more easily if he took the figure to nearer £100m.He has said he won't do that until the Moody/Malky legal issues are resolved.
He'll do all that except the Blue bit. I'm absolutely sure that for as long as Tan owns us we'll play in Red.
What swansea did to its creditors due to its total disregard of basic football/business economics was scandalous, inexcusable and should have resulted in their expulsion from the Football League and Great Britain. Nobody would have missed them, apart from a few thousand chips on shoulders, bitter and twisted caravan dwelling peg sellers.
The administration bit has been done to death but will, no doubt , be raised again and again. It is worthy of noting that the football authorities brought in points deductions as a penalty to try and stop the rash of administrations that had gone on and allowed clubs to dump debt and start again with a clean balance sheet. correct me if I am wrong, but both Swans administrations preceded any points deductions.....or the swans would have been toast or at least had a long spell in the Conference or lower.
Reading that article is enough to give anyone a headache. Shyte stirring again. He is the owner, and as we know, he does what he wants. Cant see any other billionaires banging on the door at present.
You still babbling on about that - jeesh pal, you must be really thin skinned to be hurt by this forum rhetoric. BTW, nothing wrong with Bob's signature - it's a token opinion of a Cardiff supporter on the Cardiff board over a Cardiff matter. He has no other agenda on here other than to support his own club in the way he believes best. The fact that he's wrong has nothing to do with it...... Visitors (particularly new ones) with no allegiances to this club posting opinions about it on our forum are rightly subject to a more sceptical appraisal. The motivations of posters vary, and visitors should expect to be questioned. If you can't live with it and get all offended, you shouldn't visit at all. You should take a leaf out of Dai's book and join in even if what he says is mostly crap - we know him now and accept him as part of forum life. He takes the **** back at him mostly in good faith and pops up for more - just like it should be on here. Now, instead of bringing up old news all the time for no good reason at all on threads that have nothing to do with it, how about forgetting it and getting on with the chat. eh?
You tried this one before but as before no one on this Board actually could back up any of their posts
Never seen this before. What do you reckon Matthew Bound thought of it judging by this? Not happy at all I reckon or the ambulance service. Is this why he still lurks? http://scfcheritage.files.wordpress.com/2013/03/cva.pdf
MBSL I'm not sure what you are getting at. The issue about points deduction is fact.......the bit about admins is certainly true and the last bit was a question.
