Saw this on another site the other day and haven't yet seen anything else anywhere on it which is a bit strange if true.... if it IS true however then VT continues to work towards keeping his word on making us more financially viable etc. and it may have the bonus of easing up the purse strings a little more this season.
"I’ve always said this blog is not really a place to come to if you want to read accurate, up to the minute news on the Cardiff City’s finances (unless I’m quoting someone like football finance expert Keith Morgan!), but I hope I don’t usually come across as vague as I’m going to do now when I write about talk concerning a pretty substantial debt to equity conversion by club owner Vincent Tan having taken place. It seems that shareholders of the club have been informed of this, but there’s been very little, if anything, in the media on it. There’s been little messageboard talk of this as well, but based on what I have seen on there, it appears that the newest version of what I still call Financial Fair Play rules (FFP), which will be in force in the new season, make such conversions more likely.
If anyone wants to read about the new rules, they can do so here. Suffice it to say from me for now that the consensus seems to be that the new rules gives City a bit more wriggle room when it comes to things like transfer budgets than the old ones did. Therefore, having already seemingly spent in the region of £1.5 million on making Nathan Trott a permanent signing, the sort of figures being bandied about for some of the players we’ve been linked with so far suggests we’ll be spending more than I for one was expecting."
I'd be interested to know how much more has been converted... anyone seen anything on it anywhere?
"I’ve always said this blog is not really a place to come to if you want to read accurate, up to the minute news on the Cardiff City’s finances (unless I’m quoting someone like football finance expert Keith Morgan!), but I hope I don’t usually come across as vague as I’m going to do now when I write about talk concerning a pretty substantial debt to equity conversion by club owner Vincent Tan having taken place. It seems that shareholders of the club have been informed of this, but there’s been very little, if anything, in the media on it. There’s been little messageboard talk of this as well, but based on what I have seen on there, it appears that the newest version of what I still call Financial Fair Play rules (FFP), which will be in force in the new season, make such conversions more likely.
If anyone wants to read about the new rules, they can do so here. Suffice it to say from me for now that the consensus seems to be that the new rules gives City a bit more wriggle room when it comes to things like transfer budgets than the old ones did. Therefore, having already seemingly spent in the region of £1.5 million on making Nathan Trott a permanent signing, the sort of figures being bandied about for some of the players we’ve been linked with so far suggests we’ll be spending more than I for one was expecting."
I'd be interested to know how much more has been converted... anyone seen anything on it anywhere?
