Wed Dec 17, 2014 7:24 pm
Wed Dec 17, 2014 8:07 pm
wez1927 wrote:http://www.walesonline.co.uk/sport/football/football-news/cardiff-city-owner-vincent-tan-8306378. Tan the only creditor now
Wed Dec 17, 2014 8:12 pm
pembroke allan wrote:wez1927 wrote:http://www.walesonline.co.uk/sport/football/football-news/cardiff-city-owner-vincent-tan-8306378. Tan the only creditor now
Very interesting these phantom creditors Who used them? Mmmm anyway at least got a bit of clarity over debt! Just need tan to turn it into equity and better future than we have ever had?
Wed Dec 17, 2014 8:49 pm
Wed Dec 17, 2014 8:56 pm
Forever Blue wrote:So now as promised over the last few years,on numerous occasions, Tan needs to keep to his word and change the Debt to Equity
Wed Dec 17, 2014 9:46 pm
Wed Dec 17, 2014 10:12 pm
Wed Dec 17, 2014 10:17 pm
the deal was red and rebrand for investment debt free and financial security ,he needs to do that nowBlueMagic wrote:My opinion is that us fans have no chance of vincent tan turning our club debt free and turning us back blue aswell.
Sadly i think it could be one or the other. Turn us debt free we will be red for the foreseeable future until tan leaves but if he turns us debt free he aint going anywhere for a very long time and we will be red for a very long time..
Or vincent tan turns us blue and just leaves the club with massive debts owed to him..
To ask for blue and a debt free club now we have no chance dont you think??
Thu Dec 18, 2014 9:00 am
wez1927 wrote:the deal was red and rebrand for investment debt free and financial security ,he needs to do that nowBlueMagic wrote:My opinion is that us fans have no chance of vincent tan turning our club debt free and turning us back blue aswell.
Sadly i think it could be one or the other. Turn us debt free we will be red for the foreseeable future until tan leaves but if he turns us debt free he aint going anywhere for a very long time and we will be red for a very long time..
Or vincent tan turns us blue and just leaves the club with massive debts owed to him..
To ask for blue and a debt free club now we have no chance dont you think??
Thu Dec 18, 2014 10:39 am
BlueMagic wrote:wez1927 wrote:the deal was red and rebrand for investment debt free and financial security ,he needs to do that nowBlueMagic wrote:My opinion is that us fans have no chance of vincent tan turning our club debt free and turning us back blue aswell.
Sadly i think it could be one or the other. Turn us debt free we will be red for the foreseeable future until tan leaves but if he turns us debt free he aint going anywhere for a very long time and we will be red for a very long time..
Or vincent tan turns us blue and just leaves the club with massive debts owed to him..
To ask for blue and a debt free club now we have no chance dont you think??
Yeh i know but why would he convert the debt to equity when no1 has accepted the rebrand now like he wanted. Us keeping our blue and and tan making us a debt free club wasnt the deal.
Thu Dec 18, 2014 10:42 am
Thu Dec 18, 2014 10:54 am
Thu Dec 18, 2014 10:55 am
Thu Dec 18, 2014 10:57 am
TheRow wrote:The people calling for DTA obviously don't know what it is or indeed understand it. They are barking mad if they think Tan is going to wipe clear £120 million of debt for nothing. Barking.
Thu Dec 18, 2014 11:41 am
wez1927 wrote:TheRow wrote:The people calling for DTA obviously don't know what it is or indeed understand it. They are barking mad if they think Tan is going to wipe clear £120 million of debt for nothing. Barking.
He could partly do it for maybe the worth of parachute payments ,unless we are in the premier league he just isn't going to get his money back
Thu Dec 18, 2014 12:19 pm
Thu Dec 18, 2014 1:08 pm
Thu Dec 18, 2014 1:12 pm
Forever Blue wrote:MY OPINION/ WE ALREADY KNEW THIS,NOW TIME FOR DEBT TO EQUITY AS PROMISED
BBC
18th Dec 2014
Cardiff City: Vincent Tan clears club's historic debts
Cardiff City have confirmed that owner Vincent Tan has cleared some of its historic debts relating to the building of its new stadium in 2009.
Debt also racked up by player purchases under previous owners have also now been resolved.
It means the amount of money owed to the Malaysian billionaire by Cardiff will rise above the £150m it was estimated to be in May 2014.
The club says the action fulfils his commitment to "consolidate third party debt".
Thu Dec 18, 2014 1:16 pm
piledriver64 wrote:Forever Blue wrote:MY OPINION/ WE ALREADY KNEW THIS,NOW TIME FOR DEBT TO EQUITY AS PROMISED
BBC
18th Dec 2014
Cardiff City: Vincent Tan clears club's historic debts
Cardiff City have confirmed that owner Vincent Tan has cleared some of its historic debts relating to the building of its new stadium in 2009.
Debt also racked up by player purchases under previous owners have also now been resolved.
It means the amount of money owed to the Malaysian billionaire by Cardiff will rise above the £150m it was estimated to be in May 2014.
The club says the action fulfils his commitment to "consolidate third party debt".
I'm not sure but didn't Tan say that he would convert a "proportion" of the Debt to equity, not the full amount. Or have I missed something or remembered it wrongly ?
Thu Dec 18, 2014 1:20 pm
Forever Blue wrote:piledriver64 wrote:Forever Blue wrote:MY OPINION/ WE ALREADY KNEW THIS,NOW TIME FOR DEBT TO EQUITY AS PROMISED
BBC
18th Dec 2014
Cardiff City: Vincent Tan clears club's historic debts
Cardiff City have confirmed that owner Vincent Tan has cleared some of its historic debts relating to the building of its new stadium in 2009.
Debt also racked up by player purchases under previous owners have also now been resolved.
It means the amount of money owed to the Malaysian billionaire by Cardiff will rise above the £150m it was estimated to be in May 2014.
The club says the action fulfils his commitment to "consolidate third party debt".
I'm not sure but didn't Tan say that he would convert a "proportion" of the Debt to equity, not the full amount. Or have I missed something or remembered it wrongly ?
He has put out so many statements, but the fact remains is I was in the room on 2 occasions when we were told by Allan Whitley/Waynash/Julian Jenkins all speaking on his behalf that Tan would make us DEBT FREE IN RETURN FOR THE REBRAND & INVEST IN CITY £100MILLION.
Thu Dec 18, 2014 1:23 pm
wez1927 wrote:Forever Blue wrote:piledriver64 wrote:Forever Blue wrote:MY OPINION/ WE ALREADY KNEW THIS,NOW TIME FOR DEBT TO EQUITY AS PROMISED
BBC
18th Dec 2014
Cardiff City: Vincent Tan clears club's historic debts
Cardiff City have confirmed that owner Vincent Tan has cleared some of its historic debts relating to the building of its new stadium in 2009.
Debt also racked up by player purchases under previous owners have also now been resolved.
It means the amount of money owed to the Malaysian billionaire by Cardiff will rise above the £150m it was estimated to be in May 2014.
The club says the action fulfils his commitment to "consolidate third party debt".
I'm not sure but didn't Tan say that he would convert a "proportion" of the Debt to equity, not the full amount. Or have I missed something or remembered it wrongly ?
He has put out so many statements, but the fact remains is I was in the room on 2 occasions when we were told by Allan Whitley/Waynash/Julian Jenkins all speaking on his behalf that Tan would make us DEBT FREE IN RETURN FOR THE REBRAND & INVEST IN CITY £100MILLION.
we are debt free ,we don't owe any money to anyone but the full owner of the club if you look at it in that way
Thu Dec 18, 2014 1:27 pm
Forever Blue wrote:piledriver64 wrote:Forever Blue wrote:MY OPINION/ WE ALREADY KNEW THIS,NOW TIME FOR DEBT TO EQUITY AS PROMISED
BBC
18th Dec 2014
Cardiff City: Vincent Tan clears club's historic debts
Cardiff City have confirmed that owner Vincent Tan has cleared some of its historic debts relating to the building of its new stadium in 2009.
Debt also racked up by player purchases under previous owners have also now been resolved.
It means the amount of money owed to the Malaysian billionaire by Cardiff will rise above the £150m it was estimated to be in May 2014.
The club says the action fulfils his commitment to "consolidate third party debt".
I'm not sure but didn't Tan say that he would convert a "proportion" of the Debt to equity, not the full amount. Or have I missed something or remembered it wrongly ?
He has put out so many statements, but the fact remains is I was in the room on 2 occasions when we were told by Allan Whitley/Waynash/Julian Jenkins all speaking on his behalf that Tan would make us DEBT FREE IN RETURN FOR THE REBRAND & INVEST IN CITY £100MILLION.
Thu Dec 18, 2014 1:30 pm
Forever Blue wrote:wez1927 wrote:Forever Blue wrote:piledriver64 wrote:Forever Blue wrote:MY OPINION/ WE ALREADY KNEW THIS,NOW TIME FOR DEBT TO EQUITY AS PROMISED
BBC
18th Dec 2014
Cardiff City: Vincent Tan clears club's historic debts
Cardiff City have confirmed that owner Vincent Tan has cleared some of its historic debts relating to the building of its new stadium in 2009.
Debt also racked up by player purchases under previous owners have also now been resolved.
It means the amount of money owed to the Malaysian billionaire by Cardiff will rise above the £150m it was estimated to be in May 2014.
The club says the action fulfils his commitment to "consolidate third party debt".
I'm not sure but didn't Tan say that he would convert a "proportion" of the Debt to equity, not the full amount. Or have I missed something or remembered it wrongly ?
He has put out so many statements, but the fact remains is I was in the room on 2 occasions when we were told by Allan Whitley/Waynash/Julian Jenkins all speaking on his behalf that Tan would make us DEBT FREE IN RETURN FOR THE REBRAND & INVEST IN CITY £100MILLION.
we are debt free ,we don't owe any money to anyone but the full owner of the club if you look at it in that way
Come on Wez,I know how much u stick up for Tan,but he has lent us the money,until he does what he says and changes it to debt to equity,only then will we be Debt Free
Thu Dec 18, 2014 1:38 pm
Thu Dec 18, 2014 1:40 pm
Forever Blue wrote:MY OPINION/ WE ALREADY KNEW THIS,NOW TIME FOR DEBT TO EQUITY AS PROMISED
BBC
18th Dec 2014
Cardiff City: Vincent Tan clears club's historic debts
Cardiff City have confirmed that owner Vincent Tan has cleared some of its historic debts relating to the building of its new stadium in 2009.
Debt also racked up by player purchases under previous owners have also now been resolved.
It means the amount of money owed to the Malaysian billionaire by Cardiff will rise above the £150m it was estimated to be in May 2014.
The club says the action fulfils his commitment to "consolidate third party debt".
Thu Dec 18, 2014 1:41 pm
the good news is that last season and this season we have an operating profitPaul Keevil wrote:Financially we are in a much better position now than we have ever been in before. That may sound strange given that the level of debt is higher but, in my opinion, it is far riskier to owe money to several people than just one.
In the past, when I think we had a season ticket at the High Court in London , any of the smaller creditors could have wound us up (for a small amount of money) and several nearly did.
So now, with only one creditor, it does not really matter whether we are £80m in debt or £150m. The fact is that we could not immediately pay back either - so the actual amount is irrelevant.
The one issue I have is that we, as supporters, are asking someone to buy 100% of the shares in the club for £150m (or thereabouts) - but this is the very same guy as we have been trying to hound out for the last couple of years.
I just think there needs to be some realism here.
Thu Dec 18, 2014 1:48 pm
Thu Dec 18, 2014 1:53 pm
Thu Dec 18, 2014 1:56 pm
Thu Dec 18, 2014 2:06 pm
Forever Blue wrote:wez1927 wrote:Forever Blue wrote:piledriver64 wrote:Forever Blue wrote:MY OPINION/ WE ALREADY KNEW THIS,NOW TIME FOR DEBT TO EQUITY AS PROMISED
BBC
18th Dec 2014
Cardiff City: Vincent Tan clears club's historic debts
Cardiff City have confirmed that owner Vincent Tan has cleared some of its historic debts relating to the building of its new stadium in 2009.
Debt also racked up by player purchases under previous owners have also now been resolved.
It means the amount of money owed to the Malaysian billionaire by Cardiff will rise above the £150m it was estimated to be in May 2014.
The club says the action fulfils his commitment to "consolidate third party debt".
I'm not sure but didn't Tan say that he would convert a "proportion" of the Debt to equity, not the full amount. Or have I missed something or remembered it wrongly ?
He has put out so many statements, but the fact remains is I was in the room on 2 occasions when we were told by Allan Whitley/Waynash/Julian Jenkins all speaking on his behalf that Tan would make us DEBT FREE IN RETURN FOR THE REBRAND & INVEST IN CITY £100MILLION.
we are debt free ,we don't owe any money to anyone but the full owner of the club if you look at it in that way
Come on Wez,I know how much u stick up for Tan,but he has lent us the money,until he does what he says and changes it to debt to equity,only then will we be Debt Free