Just been reading through this thread again.
jck - some of your comments regarding Tan and his considerable investment in the club are so simplistic. The fact that he's kept us going by personally funding substantial losses over the years is not the point everyone seems to be explaining to you.
In this sphere he's a failed businessman and lost considerable financial resources through his intransigence. Pumping money in is easy if you've got it, but the club is in an increasing debt cycle because of poor decision making. He's now even sanctioning loans from external sources adding to the problem down the road. That's covering for football incompetence at the club with cash.
Legally, I believe Tan can only convert a limited amount of debt to equity each year which is very laudable, but you can bet your bottom dollar that the external debt will have to be settled with hard cash, not equity unless he finds a buyer who'll factor that in.
The decisions ultimately land at Tan's feet because he makes the call. If he walks away he'll be lot poorer than when he walked in - and that my friend is down to him.
jck - some of your comments regarding Tan and his considerable investment in the club are so simplistic. The fact that he's kept us going by personally funding substantial losses over the years is not the point everyone seems to be explaining to you.
In this sphere he's a failed businessman and lost considerable financial resources through his intransigence. Pumping money in is easy if you've got it, but the club is in an increasing debt cycle because of poor decision making. He's now even sanctioning loans from external sources adding to the problem down the road. That's covering for football incompetence at the club with cash.
Legally, I believe Tan can only convert a limited amount of debt to equity each year which is very laudable, but you can bet your bottom dollar that the external debt will have to be settled with hard cash, not equity unless he finds a buyer who'll factor that in.
The decisions ultimately land at Tan's feet because he makes the call. If he walks away he'll be lot poorer than when he walked in - and that my friend is down to him.
And some fell on stoney ground.
) on here and opinions are just that - opinions.