Sat Jun 09, 2012 11:47 pm
Sun Jun 10, 2012 12:02 am
Sun Jun 10, 2012 12:18 am
CF64 BLUE wrote:I think it will solve our ongoing debt problems as they will be converted to shares, I don't think it all depends on instant promotion either as imo it's a long term ongoing plan to push the club forward, the club won't need to go cap in hand to Mr Tan as it will be his club anyway so he'd have to go cap in hand to himself.
Sun Jun 10, 2012 12:20 am
Angry Man wrote:CF64 BLUE wrote:I think it will solve our ongoing debt problems as they will be converted to shares, I don't think it all depends on instant promotion either as imo it's a long term ongoing plan to push the club forward, the club won't need to go cap in hand to Mr Tan as it will be his club anyway so he'd have to go cap in hand to himself.
yeah but 'cup in hand' to himself with interest.
Personally I cant see the asian market covering the so-called £1 million per month losses which are happening now. In fact the only thing which would help cover that would be promotion hense why I think its promotion or god knows where next
Sun Jun 10, 2012 12:24 am
Sun Jun 10, 2012 12:24 am
Overthemoon wrote:Angry Man wrote:CF64 BLUE wrote:I think it will solve our ongoing debt problems as they will be converted to shares, I don't think it all depends on instant promotion either as imo it's a long term ongoing plan to push the club forward, the club won't need to go cap in hand to Mr Tan as it will be his club anyway so he'd have to go cap in hand to himself.
yeah but 'cup in hand' to himself with interest.
Personally I cant see the asian market covering the so-called £1 million per month losses which are happening now. In fact the only thing which would help cover that would be promotion hense why I think its promotion or god knows where next
Once the debt is turned into equity, as long as we don't spend stupid money on players and their wages, our turnover should cover our outgoings in the Championship!
Sun Jun 10, 2012 12:24 am
NJ73 wrote:"Cup in hand"
Sun Jun 10, 2012 12:27 am
Angry Man wrote:Overthemoon wrote:Angry Man wrote:CF64 BLUE wrote:I think it will solve our ongoing debt problems as they will be converted to shares, I don't think it all depends on instant promotion either as imo it's a long term ongoing plan to push the club forward, the club won't need to go cap in hand to Mr Tan as it will be his club anyway so he'd have to go cap in hand to himself.
yeah but 'cup in hand' to himself with interest.
Personally I cant see the asian market covering the so-called £1 million per month losses which are happening now. In fact the only thing which would help cover that would be promotion hense why I think its promotion or god knows where next
Once the debt is turned into equity, as long as we don't spend stupid money on players and their wages, our turnover should cover our outgoings in the Championship!
Thats the big issue around this isn't it. As I've said earlier on today there should be a wage cap put in place now like other well run clubs at our level. However my fear now is that we will go down the road of more stupid money on players and wages because everyone knows about this so-called investment so they will be asking for more than normal. The bottom line is will the club risk it for a shot of the Premier League
Sun Jun 10, 2012 12:29 am
Overthemoon wrote:Angry Man wrote:Overthemoon wrote:Angry Man wrote:CF64 BLUE wrote:I think it will solve our ongoing debt problems as they will be converted to shares, I don't think it all depends on instant promotion either as imo it's a long term ongoing plan to push the club forward, the club won't need to go cap in hand to Mr Tan as it will be his club anyway so he'd have to go cap in hand to himself.
yeah but 'cup in hand' to himself with interest.
Personally I cant see the asian market covering the so-called £1 million per month losses which are happening now. In fact the only thing which would help cover that would be promotion hense why I think its promotion or god knows where next
Once the debt is turned into equity, as long as we don't spend stupid money on players and their wages, our turnover should cover our outgoings in the Championship!
Thats the big issue around this isn't it. As I've said earlier on today there should be a wage cap put in place now like other well run clubs at our level. However my fear now is that we will go down the road of more stupid money on players and wages because everyone knows about this so-called investment so they will be asking for more than normal. The bottom line is will the club risk it for a shot of the Premier League
I'd be shocked if Malky isn't given a decent war chest this Summer, with the fair play rules coming in soon, I suspect we'll be spending a decent wedge over the next few weeks!
After this season and once the Langston debt has been sorted, the debt turned into equity, then we'll be in a far better place!
Sun Jun 10, 2012 12:31 am
Angry Man wrote:Overthemoon wrote:Angry Man wrote:Overthemoon wrote:Angry Man wrote:CF64 BLUE wrote:I think it will solve our ongoing debt problems as they will be converted to shares, I don't think it all depends on instant promotion either as imo it's a long term ongoing plan to push the club forward, the club won't need to go cap in hand to Mr Tan as it will be his club anyway so he'd have to go cap in hand to himself.
yeah but 'cup in hand' to himself with interest.
Personally I cant see the asian market covering the so-called £1 million per month losses which are happening now. In fact the only thing which would help cover that would be promotion hense why I think its promotion or god knows where next
Once the debt is turned into equity, as long as we don't spend stupid money on players and their wages, our turnover should cover our outgoings in the Championship!
Thats the big issue around this isn't it. As I've said earlier on today there should be a wage cap put in place now like other well run clubs at our level. However my fear now is that we will go down the road of more stupid money on players and wages because everyone knows about this so-called investment so they will be asking for more than normal. The bottom line is will the club risk it for a shot of the Premier League
I'd be shocked if Malky isn't given a decent war chest this Summer, with the fair play rules coming in soon, I suspect we'll be spending a decent wedge over the next few weeks!
After this season and once the Langston debt has been sorted, the debt turned into equity, then we'll be in a far better place!
What amount would you class as a 'decent wadge'..?
Sun Jun 10, 2012 12:40 am
Overthemoon wrote:
Don't know about a decent wadge, but I'd guess a decent wedge would be about £12-15 million!
Sun Jun 10, 2012 12:47 am
Angry Man wrote:Overthemoon wrote:
Don't know about a decent wadge, but I'd guess a decent wedge would be about £12-15 million!
personally I don't think we will have half of that for players. Will be interesting to see how much parachute monies the relegated clubs will spend on players in an attempt to get promoted in first time of asking.
Sun Jun 10, 2012 8:57 am
Sun Jun 10, 2012 9:12 am
Lawnmower wrote:Even if the old debts are settled we wills till need to go 'cap in hand' to them every month to cover the shortfall between our income and running costs due unless/until we get to the Premier league.
To put in into context, we get about £3m a year in TV money, Relegated sides get £16m and Prem sides £40m . The gap is enormous, its no wonder clubs risk their asses to go up.
The Jacks for example will have turned an £8m loss into a £15-£20m profit this year I reckon.
Blackpool turned a big loss into a £16m profit when they went up.
Sun Jun 10, 2012 9:40 am
Sun Jun 10, 2012 9:56 am
Angry Man wrote:NJ73 wrote:"Cup in hand"
oopss
Sun Jun 10, 2012 9:59 am
Lawnmower wrote:Even if the old debts are settled we wills till need to go 'cap in hand' to them every month to cover the shortfall between our income and running costs due unless/until we get to the Premier league.
To put in into context, we get about £3m a year in TV money, Relegated sides get £16m and Prem sides £40m . The gap is enormous, its no wonder clubs risk their asses to go up.
The Jacks for example will have turned an £8m loss into a £15-£20m profit this year I reckon.
Blackpool turned a big loss into a £16m profit when they went up.
Sun Jun 10, 2012 10:38 am
BigGwynram wrote:Why would we go CUP or cap in hand in the owner, it is his club, his baby and he now needs to feed it for it to grow.
For him to protect or make a profit, then he needs to provide the necessary funds to grow the business to a profit making or at least a sell-able asset.
That's how business's work, when I was establishing my business, I had to take the risk and initially borrow and go into debt.
Most big business's especially for the first years are in debt, in fact some of them permanently stay in debt and grow their holdings and assets on the strength of that debt.
Take a business such as Wetherspoons, I would imagine they still owe zillions, because as soon as they get income they borrow on the strength of that and open more business's.
So they may owe millions in loans, but in holdings they have far more in assets than their debt. This works especially well when loans are as reasonable as they are now. this is how growth is stimulated and if loan rates go high borrowing and investment drop and growth in the business section stalls.
Sun Jun 10, 2012 11:00 am
Die Walkure wrote:Lawnmower wrote:Even if the old debts are settled we wills till need to go 'cap in hand' to them every month to cover the shortfall between our income and running costs due unless/until we get to the Premier league.
To put in into context, we get about £3m a year in TV money, Relegated sides get £16m and Prem sides £40m . The gap is enormous, its no wonder clubs risk their asses to go up.
The Jacks for example will have turned an £8m loss into a £15-£20m profit this year I reckon.
Blackpool turned a big loss into a £16m profit when they went up.
But isn't that precisely the point - the only way that VT will get any return from us is if we are promoted.
OK, he may not be doing it for the love of CCFC, but if his ambitions and ours (for different reasons) end up in this being a successful club on the pitch, happy days
Sun Jun 10, 2012 12:08 pm
AndyinHD wrote:BigGwynram wrote:Why would we go CUP or cap in hand in the owner, it is his club, his baby and he now needs to feed it for it to grow.
For him to protect or make a profit, then he needs to provide the necessary funds to grow the business to a profit making or at least a sell-able asset.
That's how business's work, when I was establishing my business, I had to take the risk and initially borrow and go into debt.
Most big business's especially for the first years are in debt, in fact some of them permanently stay in debt and grow their holdings and assets on the strength of that debt.
Take a business such as Wetherspoons, I would imagine they still owe zillions, because as soon as they get income they borrow on the strength of that and open more business's.
So they may owe millions in loans, but in holdings they have far more in assets than their debt. This works especially well when loans are as reasonable as they are now. this is how growth is stimulated and if loan rates go high borrowing and investment drop and growth in the business section stalls.
Correct analogy Gwyn. 70 million deficit has to be turned around. Who's though put us in this actual position where we have to rely on this bail out ? What's your opinion ? Look forward to your reply as a pro red person with clearly strong views.
Getting to where we are as put us in this position, actually if we had a rich benefactor from the start we would not have had to borrow so much from institutions, or sold off cheaply all our revenue streams, it a shame they hadn't stepped in straight after the Sam Hammam era and taken us on from there, they have come in now and had to plug loads of gaps, and honour lot's of contracts and agreements that were made before they got here.
We have lived beyond our means and it has caught up with us, but now with these backers we have the means so let's get out there and live.
But this business is like so many others and not just football, somewhere along the line you have to speculate/gamble to accumulate,
Also out of interest how much will you be prepared to pay for your season ticket to watch the rebranded team ?
Sun Jun 10, 2012 12:10 pm
Sun Jun 10, 2012 12:36 pm
Sun Jun 10, 2012 12:36 pm
Sun Jun 10, 2012 12:39 pm
Sun Jun 10, 2012 1:39 pm
AndyinHD wrote:Die Walkure wrote:Lawnmower wrote:Even if the old debts are settled we wills till need to go 'cap in hand' to them every month to cover the shortfall between our income and running costs due unless/until we get to the Premier league.
To put in into context, we get about £3m a year in TV money, Relegated sides get £16m and Prem sides £40m . The gap is enormous, its no wonder clubs risk their asses to go up.
The Jacks for example will have turned an £8m loss into a £15-£20m profit this year I reckon.
Blackpool turned a big loss into a £16m profit when they went up.
But isn't that precisely the point - the only way that VT will get any return from us is if we are promoted.
OK, he may not be doing it for the love of CCFC, but if his ambitions and ours (for different reasons) end up in this being a successful club on the pitch, happy days
If your aspiration is to see a football team locally in the Premiership to go and watch brings you happy days then you are on the right track - although you won't be watching the real Cardiff city many of us have followed and supported for years.
It's rather like going to watch a band say called " Bee Gees " with a new line up and no original members of the band but singing the same songs .
Sun Jun 10, 2012 7:21 pm
Angry Man wrote:CF64 BLUE wrote:I think it will solve our ongoing debt problems as they will be converted to shares, I don't think it all depends on instant promotion either as imo it's a long term ongoing plan to push the club forward, the club won't need to go cap in hand to Mr Tan as it will be his club anyway so he'd have to go cap in hand to himself.
yeah but 'cup in hand' to himself with interest.
Personally I cant see the asian market covering the so-called £1 million per month losses which are happening now. In fact the only thing which would help cover that would be promotion hense why I think its promotion or god knows where next
Mon Jun 11, 2012 7:45 am
Mon Jun 11, 2012 7:50 am
SavetheBluebirds wrote:Tan's just the Malaysian Glazier. Or should I say, the Madoff of Malaysia.
The debts aren't debts from football expenses. They're debts from him taking cash loans out of the club for himself. In his case, mostly to pay for the purchase of the club. Its standard practice for shysters and charlatans eg Man U, Lpool and many, many others.
How do you take cash loans out of a club with no cash, CONFUSED
Really sad that so many haven't taken the time to realise that. ( The one's that aren't his pr agency plants, anyway).
He hasn't rescued us, he's just tried to f**k us, again and again.
Once people realise, that c**t's toast at this club.
Mon Jun 11, 2012 8:27 am
Mon Jun 11, 2012 8:32 am