Wed Feb 10, 2016 9:43 pm
Wed Feb 10, 2016 9:45 pm
rontom wrote:When Sam left the debt was £30 mill, with assets worth more than that,when the Riddler left it was about £63mill,then during the Tan reign of 6 years the debt got between £150mill to £160mill including destroyinag the Soul of our club and its fan base
But I believe it now could be as low £70-£80mill after 6 years of Tan running our club, so in fact we are still worse off and have a fan base smashed to pieces,which what ever way some will turn it,the facts are there when you go to home and away games following City.
So he has reduced the debt according to your figures by £70-£80mill in those 6yrs, that is a amazing achievement, but has only seen an increase in the debt he inherited of £7-£17mill in 6 years, with most clubs loosing £6-£7mill a year then that is a really good performance when you take into consideration the cost of the red stand and all the flops we have had to get rid of,
Wed Feb 10, 2016 9:51 pm
Forever Blue wrote:' Those Praising & Shouting for Vincent Tan Again '
Just so you know,the ones shouting for Tan on here,loudly are the minority,because if they were right, We would not have lost 12,500 season ticket holders in less than than 2 years and barely 10,000 in actual attendance on Sat.
Our home crowds most week are now in the bottom 2 or 3 and our away support in the bottom 5 of the Championship and that really hurts to see
As to the Debt.
When Sam left the debt was £30 mill, with assets worth more than that,when the Riddler left it was about £63mill,then during the Tan reign of 6 years the debt got between £150mill to £160mill including destroyinag the Soul of our club and its fan base
But I believe it now could be as low £70-£80mill after 6 years of Tan running our club, so in fact we are still worse off and have a fan base smashed to pieces,which what ever way some will turn it,the facts are there when you go to home and away games following City.
We've been lied to for years upon years and false promises by to many chairman/owners/the fans have had enough.
' THE TRUTH HURTS '
We got told to move on when we never accepted the Rebrand, yet 95% of them who said it don't hardly go now, you could not make it up.
That's my last word on the matter.
The ground last Saturday 30 mins in to the game,where have our fans gone and why? and this needs addressing ASAP .
We are knocking on the door of the play-offs.
Wed Feb 10, 2016 9:51 pm
Bluebird since 1948 wrote:I believe we've lost 12,500 ST holders in two years because we got relegated from the PL, nothing to do with Tan. If Tan has put so many off then why in that premier league season and our promotion season did we have our highest attendances for years and years.
People are just using the excuse of Slade and Tan as an excuse not to go, they will be back when we go up. The hardcore like yourself will stay no matter what.
Wed Feb 10, 2016 9:51 pm
rontom wrote:When Sam left the debt was £30 mill, with assets worth more than that,when the Riddler left it was about £63mill,then during the Tan reign of 6 years the debt got between £150mill to £160mill including destroyinag the Soul of our club and its fan base
But I believe it now could be as low £70-£80mill after 6 years of Tan running our club, so in fact we are still worse off and have a fan base smashed to pieces,which what ever way some will turn it,the facts are there when you go to home and away games following City.
So he has reduced the debt according to your figures by £70-£80mill in those 6yrs, that is a amazing achievement, but has only seen an increase in the debt he inherited of £7-£17mill in 6 years, with most clubs loosing £6-£7mill a year then that is a really good performance when you take into consideration the cost of the red stand and all the flops we have had to get rid of,
Wed Feb 10, 2016 9:56 pm
LoneRanger44 wrote:Forever Blue wrote:' Those Praising & Shouting for Vincent Tan Again '
Just so you know,the ones shouting for Tan on here,loudly are the minority,because if they were right, We would not have lost 12,500 season ticket holders in less than than 2 years and barely 10,000 in actual attendance on Sat.
Our home crowds most week are now in the bottom 2 or 3 and our away support in the bottom 5 of the Championship and that really hurts to see
As to the Debt.
When Sam left the debt was £30 mill, with assets worth more than that,when the Riddler left it was about £63mill,then during the Tan reign of 6 years the debt got between £150mill to £160mill including destroyinag the Soul of our club and its fan base
But I believe it now could be as low £70-£80mill after 6 years of Tan running our club, so in fact we are still worse off and have a fan base smashed to pieces,which what ever way some will turn it,the facts are there when you go to home and away games following City.
We've been lied to for years upon years and false promises by to many chairman/owners/the fans have had enough.
' THE TRUTH HURTS '
We got told to move on when we never accepted the Rebrand, yet 95% of them who said it don't hardly go now, you could not make it up.
That's my last word on the matter.
The ground last Saturday 30 mins in to the game,where have our fans gone and why? and this needs addressing ASAP .
We are knocking on the door of the play-offs.
Right again Annis.
But I think your all going to be pleasantly surprised what he has to say. He knows he has make big mistakes but won't admit it. But I know if somebody close to him that the thinking and the ethos of the club has to change because at this rate city will be playing to nearly empty stadiums. The club are thinking of reducing ticket prices also looking at bringing Bellamy in as manager or maybe a high profile manager that will let Bellamy be his assistant. I know that Tan plans was to reduce the wage bill and bring in some finances by shipping on some players which he has done.
Next season Tan wants promotion automatically by finishing in the top two & is willing to invest in players to make this happen.
He is thinking if we are in the top three of the championship and playing attractive football then the fans will start to come back and bring back the fun factor to cardif city.
So I think he will turn some of his debt to equity and bring in somebody that can take Cardiff to the next level. Because at present the club is stagnating from top to bottom and things have to change or he won't have a football club as will not be bringing any revenue in.
The good thing is he has decided to meet the supporters groups for the first time so it's got to me a good step in the right direction.
Wed Feb 10, 2016 10:07 pm
LoneRanger44 wrote:Forever Blue wrote:' Those Praising & Shouting for Vincent Tan Again '
Just so you know,the ones shouting for Tan on here,loudly are the minority,because if they were right, We would not have lost 12,500 season ticket holders in less than than 2 years and barely 10,000 in actual attendance on Sat.
Our home crowds most week are now in the bottom 2 or 3 and our away support in the bottom 5 of the Championship and that really hurts to see
As to the Debt.
When Sam left the debt was £30 mill, with assets worth more than that,when the Riddler left it was about £63mill,then during the Tan reign of 6 years the debt got between £150mill to £160mill including destroyinag the Soul of our club and its fan base
But I believe it now could be as low £70-£80mill after 6 years of Tan running our club, so in fact we are still worse off and have a fan base smashed to pieces,which what ever way some will turn it,the facts are there when you go to home and away games following City.
We've been lied to for years upon years and false promises by to many chairman/owners/the fans have had enough.
' THE TRUTH HURTS '
We got told to move on when we never accepted the Rebrand, yet 95% of them who said it don't hardly go now, you could not make it up.
That's my last word on the matter.
The ground last Saturday 30 mins in to the game,where have our fans gone and why? and this needs addressing ASAP .
We are knocking on the door of the play-offs.
Right again Annis.
But I think your all going to be pleasantly surprised what he has to say. He knows he has make big mistakes but won't admit it. But I know if somebody close to him that the thinking and the ethos of the club has to change because at this rate city will be playing to nearly empty stadiums. The club are thinking of reducing ticket prices also looking at bringing Bellamy in as manager or maybe a high profile manager that will let Bellamy be his assistant. I know that Tan plans was to reduce the wage bill and bring in some finances by shipping on some players which he has done.
Next season Tan wants promotion automatically by finishing in the top two & is willing to invest in players to make this happen.
He is thinking if we are in the top three of the championship and playing attractive football then the fans will start to come back and bring back the fun factor to cardif city.
So I think he will turn some of his debt to equity and bring in somebody that can take Cardiff to the next level. Because at present the club is stagnating from top to bottom and things have to change or he won't have a football club as will not be bringing any revenue in.
The good thing is he has decided to meet the supporters groups for the first time so it's got to be a good step in the right direction.
Wed Feb 10, 2016 10:14 pm
Forever Blue wrote:LoneRanger44 wrote:Forever Blue wrote:' Those Praising & Shouting for Vincent Tan Again '
Just so you know,the ones shouting for Tan on here,loudly are the minority,because if they were right, We would not have lost 12,500 season ticket holders in less than than 2 years and barely 10,000 in actual attendance on Sat.
Our home crowds most week are now in the bottom 2 or 3 and our away support in the bottom 5 of the Championship and that really hurts to see
As to the Debt.
When Sam left the debt was £30 mill, with assets worth more than that,when the Riddler left it was about £63mill,then during the Tan reign of 6 years the debt got between £150mill to £160mill including destroyinag the Soul of our club and its fan base
But I believe it now could be as low £70-£80mill after 6 years of Tan running our club, so in fact we are still worse off and have a fan base smashed to pieces,which what ever way some will turn it,the facts are there when you go to home and away games following City.
We've been lied to for years upon years and false promises by to many chairman/owners/the fans have had enough.
' THE TRUTH HURTS '
We got told to move on when we never accepted the Rebrand, yet 95% of them who said it don't hardly go now, you could not make it up.
That's my last word on the matter.
The ground last Saturday 30 mins in to the game,where have our fans gone and why? and this needs addressing ASAP .
We are knocking on the door of the play-offs.
Right again Annis.
But I think your all going to be pleasantly surprised what he has to say. He knows he has make big mistakes but won't admit it. But I know if somebody close to him that the thinking and the ethos of the club has to change because at this rate city will be playing to nearly empty stadiums. The club are thinking of reducing ticket prices also looking at bringing Bellamy in as manager or maybe a high profile manager that will let Bellamy be his assistant. I know that Tan plans was to reduce the wage bill and bring in some finances by shipping on some players which he has done.
Next season Tan wants promotion automatically by finishing in the top two & is willing to invest in players to make this happen.
He is thinking if we are in the top three of the championship and playing attractive football then the fans will start to come back and bring back the fun factor to cardif city.
So I think he will turn some of his debt to equity and bring in somebody that can take Cardiff to the next level. Because at present the club is stagnating from top to bottom and things have to change or he won't have a football club as will not be bringing any revenue in.
The good thing is he has decided to meet the supporters groups for the first time so it's got to me a good step in the right direction.
Richard,
They've handed Tan a plan for cheap season tickets for next season,its up to him to say yes and if we get a name like Bellamy, hopefully the crowds will stop falling and increase,which I think they would
The Debt Im hearing will come down,with Tan changing it in to shares,that I will applaud Tan for ,even though he made the debt.
Wed Feb 10, 2016 10:15 pm
Wed Feb 10, 2016 10:28 pm
Steve Zodiak wrote:It's not what he is going to say that counts, it's what he actually does. I remember a lot of people being taken in by what Hammam said, and one minute he was the best thing since sliced bread, but what is he now? Malky was almost the next Messiah, and is now looked at in a completely different light. It's important to have an open mind, but also not to be gullible as many of us have been in the past. Whatever Tan does will be in his best interest. We have to hope that his best interest is the same as the club's best interest. I am not going to get excited on the back of words, I will wait until they are put into action.
Wed Feb 10, 2016 10:31 pm
Wed Feb 10, 2016 11:07 pm
Penyfai Blue wrote:Rydogsccfc wrote:Penyfai Blue wrote:Rydogsccfc wrote:We need to move on now for the sake of the club whats done is done now we have to look to the future and hopefully Tan is starting to finally get it and back up his promise with the debt to equity which is looking likely.
I applaud your optimism on this and on most other threads and I hope you're right regarding the debt to equity. As demonstrated on anther thread, I may not know much about the finances, but I do know one thing, Annis is correct about the fan base being smashed to pieces. This last 5 years as completely changed the Cardiff City that we all grew up with and loved and it will probably never be the same again. I know "modern football" has changed the game but our beloved club has changed more than all others and that is something that a lot of people can't stomach but that's their decision and no one else has the right to abuse it or criticise it.
BUT the changes are down to one man. A man who thought he could walk into our club and do what he liked because he had money. And the sad thing is, too many so called supporters licked his arse and accepted his money at any cost.
Yes exactly and at that time Tan was totally clueless about football he thought he could just franchise us like his Mcdonalds and knew absolutely nothing about tradition and what football stood for and meant to the fans and about the red and investment I know Annis stated that Tan was ill advised about the fans accepting the red which I think is true and yes he made the stupid mistake and the investment and promotion season just papered over the cracks and since our relegation we have lost many fans and Tan right now to be fair to him I think he is finally learning he turned us back to blue got rid of the overpaid players and wants us to be self sufficient and not have to rely on his millions to keep going and hopefully with this meeting tomorrow and announcement next month will be another huge step in the right direction by debt to equity by the learning Tan.
He's a successful business man, he didn't put millions into this club as blind folded as some may think. He's come from a culture where people of his status are worshipped and thought he could do what he liked with Cardiff City. Yes he was probably ill advised which contributed to the overall problem but at the end of the day as we've been told on here many times by various posters, all final decisions are Tans.
Turning us back to blue and getting rid of the high earners was a good decision for the benefit of the club, especially as it was reported that Tan was putting in a million a week to cover the over heads.
He may be learning but for some it's too late. The damage is done.
Wed Feb 10, 2016 11:29 pm
Thu Feb 11, 2016 12:00 am
Rydogsccfc wrote:Penyfai Blue wrote:Rydogsccfc wrote:Penyfai Blue wrote:Rydogsccfc wrote:We need to move on now for the sake of the club whats done is done now we have to look to the future and hopefully Tan is starting to finally get it and back up his promise with the debt to equity which is looking likely.
I applaud your optimism on this and on most other threads and I hope you're right regarding the debt to equity. As demonstrated on anther thread, I may not know much about the finances, but I do know one thing, Annis is correct about the fan base being smashed to pieces. This last 5 years as completely changed the Cardiff City that we all grew up with and loved and it will probably never be the same again. I know "modern football" has changed the game but our beloved club has changed more than all others and that is something that a lot of people can't stomach but that's their decision and no one else has the right to abuse it or criticise it.
BUT the changes are down to one man. A man who thought he could walk into our club and do what he liked because he had money. And the sad thing is, too many so called supporters licked his arse and accepted his money at any cost.
Yes exactly and at that time Tan was totally clueless about football he thought he could just franchise us like his Mcdonalds and knew absolutely nothing about tradition and what football stood for and meant to the fans and about the red and investment I know Annis stated that Tan was ill advised about the fans accepting the red which I think is true and yes he made the stupid mistake and the investment and promotion season just papered over the cracks and since our relegation we have lost many fans and Tan right now to be fair to him I think he is finally learning he turned us back to blue got rid of the overpaid players and wants us to be self sufficient and not have to rely on his millions to keep going and hopefully with this meeting tomorrow and announcement next month will be another huge step in the right direction by debt to equity by the learning Tan.
He's a successful business man, he didn't put millions into this club as blind folded as some may think. He's come from a culture where people of his status are worshipped and thought he could do what he liked with Cardiff City. Yes he was probably ill advised which contributed to the overall problem but at the end of the day as we've been told on here many times by various posters, all final decisions are Tans.
Turning us back to blue and getting rid of the high earners was a good decision for the benefit of the club, especially as it was reported that Tan was putting in a million a week to cover the over heads.
He may be learning but for some it's too late. The damage is done.
Maybe true but its better late then never and with the fans that have left hopefully they still keep and interest of whats happening around he club and see the turnaround in where the club seems to be heading for potential success and will give the fans some restored confidence and love for the club and will come back hopefully.
Thu Feb 11, 2016 12:16 am
Forever Blue wrote:' Those Praising & Shouting for Vincent Tan Again '
Just so you know,the ones shouting for Tan on here,loudly are the minority,because if they were right, We would not have lost 12,500 season ticket holders in less than than 2 years and barely 10,000 in actual attendance on Sat.
Our home crowds most week are now in the bottom 2 or 3 and our away support in the bottom 5 of the Championship and that really hurts to see
As to the Debt.
When Sam left the debt was £30 mill, with assets worth more than that,when the Riddler left it was about £63mill,then during the Tan reign of 6 years the debt got between £150mill to £160mill including destroyinag the Soul of our club and its fan base
But I believe it now could be as low £70-£80mill after 6 years of Tan running our club, so in fact we are still worse off and have a fan base smashed to pieces,which what ever way some will turn it,the facts are there when you go to home and away games following City.
We've been lied to for years upon years and false promises by to many chairman/owners/the fans have had enough.
' THE TRUTH HURTS '
We got told to move on when we never accepted the Rebrand, yet 95% of them who said it don't hardly go now, you could not make it up.
That's my last word on the matter.
The ground last Saturday 30 mins in to the game,where have our fans gone and why? and this needs addressing ASAP .
We are knocking on the door of the play-offs.
Thu Feb 11, 2016 12:17 am
Thu Feb 11, 2016 12:28 am
Thu Feb 11, 2016 8:55 am
Thu Feb 11, 2016 9:20 am
grange_end1927 wrote:Lets hear what Tan has to say tomorrow,probrabally more bollox's ,yet it can't hurt to wait and see, where i live all the city fans can't be arsed anymore thanxs to Tan
Thu Feb 11, 2016 9:48 am
Thu Feb 11, 2016 10:25 am
Forever Blue wrote:rontom wrote:When Sam left the debt was £30 mill, with assets worth more than that,when the Riddler left it was about £63mill,then during the Tan reign of 6 years the debt got between £150mill to £160mill including destroyinag the Soul of our club and its fan base
But I believe it now could be as low £70-£80mill after 6 years of Tan running our club, so in fact we are still worse off and have a fan base smashed to pieces,which what ever way some will turn it,the facts are there when you go to home and away games following City.
So he has reduced the debt according to your figures by £70-£80mill in those 6yrs, that is a amazing achievement, but has only seen an increase in the debt he inherited of £7-£17mill in 6 years, with most clubs loosing £6-£7mill a year then that is a really good performance when you take into consideration the cost of the red stand and all the flops we have had to get rid of,
? ? ?
The debt was £63mill when Tan took over,yet under Tan it has gone up to a staggering £150-£160mill, even after receiving millions upon millions from Sky.
Tan increased the debt and after running our club for 6 years,we are about £70-£80 mill in debt,so worse off than when he arrived,with crowds falling.
Its being reduced thanks to Sky's money,but that will soon stop.
Thu Feb 11, 2016 11:09 am
Bluebird since 1948 wrote:I believe we've lost 12,500 ST holders in two years because we got relegated from the PL, nothing to do with Tan. If Tan has put so many off then why in that premier league season and our promotion season did we have our highest attendances for years and years.
People are just using the excuse of Slade and Tan as an excuse not to go, they will be back when we go up. The hardcore like yourself will stay no matter what.
Thu Feb 11, 2016 11:20 am
Forever Blue wrote:Replies from FB
Thomas Fish Where's the training ground and debt to equity that he promised when ripping our soul out?
Thu Feb 11, 2016 11:51 am
ccfcsince62 wrote:Forever Blue wrote:rontom wrote:When Sam left the debt was £30 mill, with assets worth more than that,when the Riddler left it was about £63mill,then during the Tan reign of 6 years the debt got between £150mill to £160mill including destroyinag the Soul of our club and its fan base
But I believe it now could be as low £70-£80mill after 6 years of Tan running our club, so in fact we are still worse off and have a fan base smashed to pieces,which what ever way some will turn it,the facts are there when you go to home and away games following City.
So he has reduced the debt according to your figures by £70-£80mill in those 6yrs, that is a amazing achievement, but has only seen an increase in the debt he inherited of £7-£17mill in 6 years, with most clubs loosing £6-£7mill a year then that is a really good performance when you take into consideration the cost of the red stand and all the flops we have had to get rid of,
? ? ?
The debt was £63mill when Tan took over,yet under Tan it has gone up to a staggering £150-£160mill, even after receiving millions upon millions from Sky.
Tan increased the debt and after running our club for 6 years,we are about £70-£80 mill in debt,so worse off than when he arrived,with crowds falling.
Its being reduced thanks to Sky's money,but that will soon stop.
For the avoidance of doubt on these arguments over what was owed when etc. here are the figures from the actual accounts
As at 31 May 2010 , the total liabilities of the club were £63.6m and its assets were shown at £59.1m (including player values of £4.2m) , giving net liabilities of £4.5m.
As at 31 May 2014 (the latest available published accounts) , the total liabilities had risen to £157.2m (including £112.8m due to Vincent Tan) and assets were shown at £91.6m (including £25.1m of player value) , giving net liabilities of £65.8m.
So , in the above four year period , the club`s overall financial position had worsened by £61.3m
Media reports suggest that , in the year to 31 May 2015 , the club made a net profit and that Vincent Tan had done a debt write off of £13m and a debt to equity conversion of a further £3m. If true , and this can only be confirmed when the accounts for that year are published in the near future , then the overall financial position will have improved considerably since May 2014.
Thu Feb 11, 2016 2:52 pm
Thu Feb 11, 2016 3:22 pm
nubbsy wrote:And there was a post on here, suggestion we should start idolise tan and suck up to him so he gives us more money... Fool me once they say...
Thu Feb 11, 2016 4:42 pm
TigerBayRoller wrote:So Mr Tan is the villain who trusted Malky to get in Cornelius who cost us dearly??
He was taken in by Malkys persuasion and thank God he sacked the judas!
Onwards and upwards folks. Making you sick, but "in Tan I trust"
Thu Feb 11, 2016 6:47 pm
Forever Blue wrote:' Those Praising & Shouting for Vincent Tan Again '
Just so you know,the ones shouting for Tan on here,loudly are the minority,because if they were right, We would not have lost 12,500 season ticket holders in less than than 2 years and barely 10,000 in actual attendance on Sat.
Our home crowds most week are now in the bottom 2 or 3 and our away support in the bottom 5 of the Championship and that really hurts to see
As to the Debt.
When Sam left the debt was £30 mill, with assets worth more than that,when the Riddler left it was about £63mill,then during the Tan reign of 6 years the debt got between £150mill to £160mill including destroyinag the Soul of our club and its fan base
But I believe it now could be as low £70-£80mill after 6 years of Tan running our club, so in fact we are still worse off and have a fan base smashed to pieces,which what ever way some will turn it,the facts are there when you go to home and away games following City.
We've been lied to for years upon years and false promises by to many chairman/owners/the fans have had enough.
' THE TRUTH HURTS '
We got told to move on when we never accepted the Rebrand, yet 95% of them who said it don't hardly go now, you could not make it up.
That's my last word on the matter.
The ground last Saturday 30 mins in to the game,where have our fans gone and why? and this needs addressing ASAP .
We are knocking on the door of the play-offs.
Thu Feb 11, 2016 7:06 pm
Fri Feb 12, 2016 9:55 pm