CITY DEBT FREE WITHIN TWO MONTHS

Thursday 15th August 2013.

The Bluebirds' Malaysian owner says he is in the process of attempting to make his share-holding of the club as high as 90%

Cardiff City backer Vincent Tan says “God willing” he hopes to wipe out the club’s massive debts in just two months.

In a press conference launching his Thanks a Million giveaway to local charities yesterday Mr Tan said he was working hard to increase his share-holding in the club.

He said he had a couple of other directors who he was working to buy shares off and hoped to be able to take his own share-holding of the club as high as 90%.

Mr Tan added that once those deals were in place, it would pave the way for the debts the club owes him to be converted into equity.

If that came about as quickly as Mr Tan hopes, it would mean the club’s debts – put as high as £83m in the club’s latest accounts in January would be wiped out.

Mr Tan said: “I came in three or four years ago. I own most of the club and eventually maybe all of it.”

Asked to clarify the share-holding position, Mr Tan confirmed he had the 51% controlling stake but wanted to add more before converting his own debt which was put at £37,431,000 in January’s accounts.

“We are in the process,” he said.

“We would like to resolve some of the shareholders first.

“In the next couple of months the club will be debt-free, God willing.”

Tan refuses to rule out name change while putting pressure on Malky Mackay to deliver

Mr Tan was speaking alongside new City chairman Mehmet Dalman at the launch of the Thanks a Million campaign.

The campaign will see Cardiff City donate a million pounds to selected local charities for as long as he is the club’s majority shareholder and Cardiff City are in the Premier League.

Mr Tan said: “We should try to help people that are less privileged, people who are less fortunate and I think it’s sensible and logical to do that.

“I learned this from my mother: you must be charitable, generous and helpful whenever you can.”

Among the recipients of the scheme was the Welsh Guards Appeal – which got £50,000 towards its efforts to help veterans and families impacted by the war in Afghanistan.

Major Alun Bowen, of the 1st Battalion Welsh Guards, said: “That’s an extraordinary amount of money that will make a huge amount of difference.”

Meanwhile Mr Tan also confirmed he was looking at investment opportunities within the city of Cardiff itself.

“I would like to see the Cardiff economy do better and that would also help us indirectly,” he said.

“If the numbers work, we will invest here.”

Good news on the fact we could be debt free very soon.

In all honesty the reporters keep asking him questions about it. He said he won't happen for the time being, heck he might sell the club and a new owner changes the name, he hasn't said about changing the name in that interview. More scaremongering from the Echo.(regarding name change)

Rebrand aside, this guy is by far the best owner we have had and also has put money into the local community and its charities. Cant fault him on that.

Thank You Mr Vincent Tan.

If Bluebirds Unite want to do something then they better hurry up because once Tan has the 90% stake that he controls and can sell off at his free will to investors who FOLLOW HIS VISION they're screwed. The more control Tan has the worse for Bluebirds Unite.

That is amazing news

Amazing news, amazing owner

Rebrand aside, this guy is by far the best owner we have had and also has put money into the local community and its charities. Cant fault him on that.

He's made us very lucrative to potential buyers/investors, something we weren't 4/5 years ago, a name change would hurt me a lot but hopefully that doesn't come into fruition. I'm appreciative of what he's done for this club

Rebrand aside, this guy is by far the best owner we have had and also has put money into the local community and its charities. Cant fault him on that.

Here,here.

Fairplay this guy is a gem, rebrand aside. Couldnt of hoped for a better owner, donating to charity, clearing cardiffs debt, investing into companies in cardiff, investing in facilities, and of course getting Cardiff City to the PREMIER LEAGUE

So much good stuff done and still being done by V T, it's hard to not be kinda grateful.

Thank You Mr Vincent Tan.

Indeed; although some simply can't see it

Thank You Mr Vincent Tan.

Indeed; although some simply can't see it

Just like some cant see why he's doing to this club regarding its identity?

Thank You Mr Vincent Tan.

Indeed; although some simply can't see it

Just like some cant see why he's doing to this club regarding its identity?

English translation please.

great great news for Tan and what he is doing but people say rebrand aside he is brilliant as if they are willing to put the rebrand to one side well I f****** aint for what he has done in rebranding us i hate the man nice man but a right c*** about sums him up.

Bullshit! Tan wants us to be in debt so that we will forever be in the red.

The buying out of the other directors is interesting.

When the debt to shares happens will this reduce the value of the shares?

The buying out of the other directors is interesting.

When the debt to shares happens will this reduce the value of the shares?

Do you mean the 10% of shares that he won't have if he ends up with 90% of the club?

With all these massive changes happening to our club, stadium expansion, state of the art training facilities, debt being sorted out, record signings etc think its really important that we manage to stay in the premier league for longer than just one season, and avoiding relegation. extremely exciting times

Mr Tan's interview on CC Player (20 mins with a bit from M Dahlman chucked in) was very revealing.

He laughed when a journo raised the rebrand issue as he knew what was coming(some of you have probably already sent your nasty e mails). He confirmed that nothing else was happening on that front and my impression was that it's just not in his mind. He went on to say that effectively it's his general policy he never says never to the possibility of anything happening in life which is where the journo spin comes from..

His initial thought on the £25M transfer budget was related to more than doubling what Reading spent the previous season but Malky has persuaded him to go higher and it looks like it'll be around £35M but could be higher.He sees it as an investment.

Very clear that having spent £35M he expects Malky to keep us in the PL.

Deals with current shareholders being done at the price he paid when he came in . Will take him to about 80% ownership.

Sam deal is part cash 'and other things'. Sam is definately non -exec and has no say in things but he talks to Sam and takes whatever advice he gives into account.

Couldn't quite understand the nature of the rivalry with the jerks (and possibly any other clubs).

Mehmet Dahlman is one smooth city moneyman who spoke of his involvement with the Glaziers purchase of man yew.Like them or not the owner and chairman of this club are on a different level to anything we (or anyone outside the absolute top clubs) have seen before.

Mr Tan's interview on CC Player (20 mins with a bit from M Dahlman chucked in) was very revealing.

He laughed when a journo raised the rebrand issue as he knew what was coming(some of you have probably already sent your nasty e mails). He confirmed that nothing else was happening on that front and my impression was that it's just not in his mind. He went on to say that effectively it's his general policy he never says never to the possibility of anything happening in life which is where the journo spin comes from..

His initial thought on the £25M transfer budget was related to more than doubling what Reading spent the previous season but Malky has persuaded him to go higher and it looks like it'll be around £35M but could be higher.He sees it as an investment.

Very clear that having spent £35M he expects Malky to keep us in the PL.

Deals with current shareholders being done at the price he paid when he came in . Will take him to about 80% ownership.

Sam deal is part cash 'and other things'. Sam is definately non -exec and has no say in things but he talks to Sam and takes whatever advice he gives into account.

Couldn't quite understand the nature of the rivalry with the jerks (and possibly any other clubs).

Mehmet Dahlman is one smooth city moneyman who spoke of his involvement with the Glaziers purchase of man yew.Like them or not the owner and chairman of this club are on a different level to anything we (or anyone outside the absolute top clubs) have seen before.

Good post, sir

How much shares do Dave Jones and Ridsdale own?

The buying out of the other directors is interesting.

When the debt to shares happens will this reduce the value of the shares?

Do you mean the 10% of shares that he won't have if he ends up with 90% of the club?

No I mean all of them.

I mean how £100 millon be converted into shares when the assets don't come even close to that. The only way I see is devaluing the share.

Thank You Mr Vincent Tan.

Vincent Tan is a person i find hard to trust.If we stay up he will carry on with his mindless destruction of our identity.If we dont he will asset strip us'take his profit'and go.




You don't KNOW that and the available evidence to date sort of points in a different direction to the one you suggest, as he appears to be enjoying the challenge

Ask yourself what you would say if he stayed and finished the job and (hypothetically for now) we got in amongst the top 6?

Not that far fetched a dream and (as much as it grinds) Swampsea are an example of how a team can get 'amongst them' with the right leadership and ambition

IMHO Vincent Tan will not stop until he considers he has 'done a good job' and in his world that's to a pretty high level and can only be to the benefit of our club and our fans

Mr Tan's interview on CC Player (20 mins with a bit from M Dahlman chucked in) was very revealing.

He laughed when a journo raised the rebrand issue as he knew what was coming(some of you have probably already sent your nasty e mails). He confirmed that nothing else was happening on that front and my impression was that it's just not in his mind. He went on to say that effectively it's his general policy he never says never to the possibility of anything happening in life which is where the journo spin comes from..

His initial thought on the £25M transfer budget was related to more than doubling what Reading spent the previous season but Malky has persuaded him to go higher and it looks like it'll be around £35M but could be higher.He sees it as an investment.

Very clear that having spent £35M he expects Malky to keep us in the PL.

Deals with current shareholders being done at the price he paid when he came in . Will take him to about 80% ownership.

Sam deal is part cash 'and other things'. Sam is definately non -exec and has no say in things but he talks to Sam and takes whatever advice he gives into account.

Couldn't quite understand the nature of the rivalry with the jerks (and possibly any other clubs).

Mehmet Dahlman is one smooth city moneyman who spoke of his involvement with the Glaziers purchase of man yew.Like them or not the owner and chairman of this club are on a different level to anything we (or anyone outside the absolute top clubs) have seen before.

People don't want to believe this though they only want to remain pessimists

Thank You Mr Vincent Tan.

Vincent Tan is a person i find hard to trust.If we stay up he will carry on with his mindless destruction of our identity.If we dont he will asset strip us'take his profit'and go.

I doubt he can make a profit from asset stripping a relegated team. Where do you see him recouping all his money and making more on top?

Mr Tan's interview on CC Player (20 mins with a bit from M Dahlman chucked in) was very revealing.

He laughed when a journo raised the rebrand issue as he knew what was coming(some of you have probably already sent your nasty e mails). He confirmed that nothing else was happening on that front and my impression was that it's just not in his mind. He went on to say that effectively it's his general policy he never says never to the possibility of anything happening in life which is where the journo spin comes from..

His initial thought on the £25M transfer budget was related to more than doubling what Reading spent the previous season but Malky has persuaded him to go higher and it looks like it'll be around £35M but could be higher.He sees it as an investment.

Very clear that having spent £35M he expects Malky to keep us in the PL.

Deals with current shareholders being done at the price he paid when he came in . Will take him to about 80% ownership.

Sam deal is part cash 'and other things'. Sam is definately non -exec and has no say in things but he talks to Sam and takes whatever advice he gives into account.

Couldn't quite understand the nature of the rivalry with the jerks (and possibly any other clubs).

Mehmet Dahlman is one smooth city moneyman who spoke of his involvement with the Glaziers purchase of man yew.Like them or not the owner and chairman of this club are on a different level to anything we (or anyone outside the absolute top clubs) have seen before.

Good post, sir

Agree

Thank You Mr Vincent Tan.

Your saying thankyou to the man who took our identity when he didn't give us the money he has 'lent' us it so wel be in worse debt .. Yes he took us out of admin and got us up but we weren't far off going up with mr ridsdale

The buying out of the other directors is interesting.

When the debt to shares happens will this reduce the value of the shares?

Do you mean the 10% of shares that he won't have if he ends up with 90% of the club?

No I mean all of them.

I mean how £100 millon be converted into shares when the assets don't come even close to that. The only way I see is devaluing the share.

I'm no expert but the club must have a greater value now than it did in April. But I take your point and I suppose the shares would lose value. Of course things could change if he some how does sell us big time in Asia.

Thank You Mr Vincent Tan.

Your saying thankyou to the man who took our identity when he didn't give us the money he has 'lent' us it so wel be in worse debt .. Yes he took us out of admin and got us up but we weren't far off going up with mr ridsdale

Oh God you cannot be serious?

Ridsdale was a disaster for this club and IMO the biggest single reason (although not the only one) to why we had to accept the rebrand because of the shit he left us in.

Further those who are against the rebrand are never going to persuade anyone to their way of thinking by using the "took our identity" argument.

We haven't lost our identity as everyone still supports Cardiff City and are perfectly aware of who we are on the pitch and know when to cheer when we score. Therefore we can easily "identify" with CCFC at present.

What VT did was "to change the traditions" of Cardiff City by playing in red instead of blue.

Again if you are to get your message over you really need to stop exaggerating and be more precise.