CARDIFF CITY CLUB VALUE : Every time one says Tan should s

Tan wants £200 Mill for Cardiff city as he’s lost a lot of his own wealth due to his bad dealings elsewhere.






CARDIFF CITY CLUB VALUE :


Every time one says Tan should sell the Club at a figure (£50-100-200 million)…….one always assumes that the Club is 100% ‘debt free”!!

If the Club has a debt of £50 million and Tan is personally paid say £75 million ….. then really the buyer is paying £125 million !!!! (and not £75 million) .

There are of course many other important considerations including :


(1) How much is the Club losing per year with the employees and salaries and overheads etc ….. these the buyer will have to factor into his purchase price .



The Club would have quite a bit of wasted expenses on say players you are stuck with or Choo or wasted contracts….



(2) To build our stadium in today’s cost ….would cost well over £100 million .

The Club value is at over £80 million in the accounts .

However really and practically you can not have a Club if you don’t have a stadium ……so sometimes the practical value is valued at zero . So the value put on this is very subjective .

(3) there is of course the question of which division the Club is in?


(4) an extremely important consideration is the real value of the players .


(5) the question of how much new capital the buyer is intending to inject is also important . There are naturally many other considerations .








I know how much I would pay Tan for the Club ……but I am not saying .

What would you pay Tan ……if you had the money ?

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Annis, taking into account the debt to both Tan and Dalman, along with the prospect of playing in L1 next season, I don’t see the club being worth anything more than 40m.

The bottom line is Tan wants £200m for the club.

He is keeping the club afloat by paying the monethly bills and those bills are going to be greatly reduced if we go down. He will continue to keep us going from change from his back pocket only. We are stuck with him.

The bottom line is Tan wants £200m for the club.

He is keeping the club afloat by paying the monethly bills and those bills are going to be greatly reduced if we go down. He will continue to keep us going from change from his back pocket only. We are stuck with him.

Bills will go down because he needs to cut costs as club will automatically lost £15m+ in basic revenue thatd a lot of cost cutting to be made....not counting loss of sponsorship loss of matchday income... the problem is where does he draw line in cuts to much to playing staff and we could be looking at years in div 1 like Sunderland or even relegation! And going on his crass stupidity in running club (riza) for one both scenarios are not unrealistic.

The bottom line is Tan wants £200m for the club.

He is keeping the club afloat by paying the monethly bills and those bills are going to be greatly reduced if we go down. He will continue to keep us going from change from his back pocket only. We are stuck with him.

Bills "greatly reduced" will be fly shit compared to revenue losses due to TV rights etc. Peterborough's owner harps on about the difference (circa 70% less) when you drop down the L1.

If we go down, the biggest challenge will be financial, not on the pitch. In my opinion.

The bottom line is Tan wants £200m for the club.

He is keeping the club afloat by paying the monethly bills and those bills are going to be greatly reduced if we go down. He will continue to keep us going from change from his back pocket only. We are stuck with him.

Bills "greatly reduced" will be fly shit compared to revenue losses due to TV rights etc. Peterborough's owner harps on about the difference (circa 70% less) when you drop down the L1.

If we go down, the biggest challenge will be financial, not on the pitch. In my opinion.

Basic loss is £8m tv deal add bits and bods and they say £15m+ not counting sponsorship revalued or stopped ? cut wage bill but that's not enough to negate losses unless you only compete with other clubs in div 1...to get straight out you need to invest in players like brum Wrexham did.....tan will be a problem as his philosophy is not conducive to promotion challenge in fact if he carries on way he as relegation is a distinct possibility again... tans best bet is to sell for say £50m and put in clauses to retrieve rest of investment based on success by new owners.. otherwise stuck I limbo.

Tan wants £200 Mill for Cardiff city as he’s lost a lot of his own wealth due to his bad dealings elsewhere.




CARDIFF CITY CLUB VALUE :


Every time one says Tan should sell the Club at a figure (£50-100-200 million)…….one always assumes that the Club is 100% ‘debt free”!!

If the Club has a debt of £50 million and Tan is personally paid say £75 million ….. then really the buyer is paying £125 million !!!! (and not £75 million) .

There are of course many other important considerations including :


(1) How much is the Club losing per year with the employees and salaries and overheads etc ….. these the buyer will have to factor into his purchase price .



The Club would have quite a bit of wasted expenses on say players you are stuck with or Choo or wasted contracts….



(2) To build our stadium in today’s cost ….would cost well over £100 million .

The Club value is at over £80 million in the accounts .

However really and practically you can not have a Club if you don’t have a stadium ……so sometimes the practical value is valued at zero . So the value put on this is very subjective .

(3) there is of course the question of which division the Club is in?


(4) an extremely important consideration is the real value of the players .


(5) the question of how much new capital the buyer is intending to inject is also important . There are naturally many other considerations .








I know how much I would pay Tan for the Club ……but I am not saying .

What would you pay Tan ……if you had the money ?

Tan can wipe any debt of what he's owed at the time of the sale but if people think he would do that for 50 milliom there deluded , he owns/the club , the stadium , the stadium is worth well over 50 million as shown in accounts , someone is going to have to stump up some serious money well over 100 million for Tan to let go I think, hes 250 million plus in a hole atm but I'm not sure he really cares he's said he's going to give away his wealth any way , tan is not a normal businessman as we know . The way Tan will go is if we stay up and by a miracle we get promoted in the future , if we do go down he won't be going anywhere.

People keep mentioning stadium in sale? Whilst it as value when comes to clubs accounts... can an owner actually sell stadium I thought there is a restriction on it that prevents this? Several clubs have suffered because owner sold stadium but not club notably Coventry amongst others..

People keep mentioning stadium in sale? Whilst it as value when comes to clubs accounts... can an owner actually sell stadium I thought there is a restriction on it that prevents this? Several clubs have suffered because owner sold stadium but not club notably Coventry amongst others..

The stadium is worthless without a club so any owner has an interest in keeping the the club at the stadium because who else will generate income? And regarding its land value, almost certainly the council would have placed a restriction when they sold the lease so it couldn't be knocked down and replaced with housing.

For those of us around at the time, some may remember that the club raised money in the 70's by selling the the freehold on Ninian Park to the council, replacing it with a lease. This effectively meant that the land value was owned by the Council or at least they had a very significant say over its use. Best thing they ever did as it stopped the club being asset stripped by a dodgy owner.

£100 million is a fair offer for our club, but he's turned down that sort of money.

The £200 million he wants is just not going to happen.

But he would struggle to get £60 million if/when we go down.

People keep mentioning stadium in sale? Whilst it as value when comes to clubs accounts... can an owner actually sell stadium I thought there is a restriction on it that prevents this? Several clubs have suffered because owner sold stadium but not club notably Coventry amongst others..

Allan,

He can’t Sell the Stadium , NEVER
It’s in the Deeds.

It's very important to realize that whilst Tan is wealthy, he's not an oligarch.

The £250M that's been spent actually now represents 50% of his entire net worth following major overall Berjaya group losses. This is why he's stubbornly holding out for at least £200M and as the losses grow, perhaps more, it represents a lot to him in real terms. His family are not interested in the football business and his focus is on other projects such as Telco, Rail and gambling.

And he's just about to have his two clubs get relegated in synch all under his watch and with a part time CEO and Chairman.

It's very important to realize that whilst Tan is wealthy, he's not an oligarch.

The £250M that's been spent actually now represents 50% of his entire net worth following major overall Berjaya group losses. This is why he's stubbornly holding out for at least £200M and as the losses grow, perhaps more, it represents a lot to him in real terms. His family are not interested in the football business and his focus is on other projects such as Telco, Rail and gambling.

And he's just about to have his two clubs get relegated in synch all under his watch and with a part time CEO and Chairman.

Spot on:


This is why he wants £200 Mill as he’s lost a lot of his own wealth due to his bad dealings elsewhere.

Tans Promises, and what they mean.

Here is a headline from 7 years ago.

"Cardiff City owner Vincent Tan has converted a further £66.4m the club owes him into equity. The Malaysian businessman has been reducing the loans owed by the Premier League club and has previously said he aims to have it debt-free by 2021. Tan subscribed for more than 664 million ordinary shares at 10p.6
Jul 2018"

Are we debt free? No.
Will get convert all existing debt to shares? No.
Are we at risk of serious financial problems if he cuts ties with the club? Yes.

Will he sell the club to cut his losses? Unlikely, unless he gets what he wants.

Future of this club that we all love, hangs on a very very frail line.

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If i remember correctly the stadium land has a 100 year lease from the council with a peppercorn rent and the stadium can only be used for football.

People keep mentioning stadium in sale? Whilst it as value when comes to clubs accounts... can an owner actually sell stadium I thought there is a restriction on it that prevents this? Several clubs have suffered because owner sold stadium but not club notably Coventry amongst others..

Allan,

He can’t Sell the Stadium , NEVER
It’s in the Deeds.

That's what I understood annis.... its only paper value to any owners...whatever dalman as secured with his money its not ccs! Maybe wrong but this would reduce the value of the club significantly as only saleable assets are new training facilities and players. Give or take couple items...as I've indicated before tan asking price is made up of club value and what he put in? He's going to have to make some sort deal to get anything like his 150m+ back.

If i remember correctly the stadium land has a 100 year lease from the council with a peppercorn rent and the stadium can only be used for football.

Yes

People keep mentioning stadium in sale? Whilst it as value when comes to clubs accounts... can an owner actually sell stadium I thought there is a restriction on it that prevents this? Several clubs have suffered because owner sold stadium but not club notably Coventry amongst others..

Can mortgage it so yes its massive value, it can be sold and leased back to the club,

If i remember correctly the stadium land has a 100 year lease from the council with a peppercorn rent and the stadium can only be used for football.

100% right Paul and can not be Sold.

People keep mentioning stadium in sale? Whilst it as value when comes to clubs accounts... can an owner actually sell stadium I thought there is a restriction on it that prevents this? Several clubs have suffered because owner sold stadium but not club notably Coventry amongst others..

Can mortgage it so yes its massive value, it can be sold and leased back to the club,

What value is that to someone if club can't pay the lease? Can't own the stadium or reposess it.. understand the principle but isit practical ?

Tan wants £200 Mill for Cardiff city as he’s lost a lot of his own wealth due to his bad dealings elsewhere.




CARDIFF CITY CLUB VALUE :


Every time one says Tan should sell the Club at a figure (£50-100-200 million)…….one always assumes that the Club is 100% ‘debt free”!!

If the Club has a debt of £50 million and Tan is personally paid say £75 million ….. then really the buyer is paying £125 million !!!! (and not £75 million) .

There are of course many other important considerations including :


(1) How much is the Club losing per year with the employees and salaries and overheads etc ….. these the buyer will have to factor into his purchase price .



The Club would have quite a bit of wasted expenses on say players you are stuck with or Choo or wasted contracts….



(2) To build our stadium in today’s cost ….would cost well over £100 million .

The Club value is at over £80 million in the accounts .

However really and practically you can not have a Club if you don’t have a stadium ……so sometimes the practical value is valued at zero . So the value put on this is very subjective .

(3) there is of course the question of which division the Club is in?


(4) an extremely important consideration is the real value of the players .


(5) the question of how much new capital the buyer is intending to inject is also important . There are naturally many other considerations .








I know how much I would pay Tan for the Club ……but I am not saying .

What would you pay Tan ……if you had the money ?

Tan can wipe any debt of what he's owed at the time of the sale but if people think he would do that for 50 milliom there deluded , he owns/the club , the stadium , the stadium is worth well over 50 million as shown in accounts , someone is going to have to stump up some serious money well over 100 million for Tan to let go I think, hes 250 million plus in a hole atm but I'm not sure he really cares he's said he's going to give away his wealth any way , tan is not a normal businessman as we know . The way Tan will go is if we stay up and by a miracle we get promoted in the future , if we do go down he won't be going anywhere.

Excellent post .that's spot on.

People keep mentioning stadium in sale? Whilst it as value when comes to clubs accounts... can an owner actually sell stadium I thought there is a restriction on it that prevents this? Several clubs have suffered because owner sold stadium but not club notably Coventry amongst others..

Can mortgage it so yes its massive value, it can be sold and leased back to the club,

What value is that to someone if club can't pay the lease? Can't own the stadium or reposess it.. understand the principle but isit practical ?

Happened with Coventry sold the stadium to wasps , the stadium it's self can be used by anyone if ccfc went bust, also the council could change there mind and new planing conditions be put on it at Amy time .