Updated: Apparently Vincent Tan has :

Tan has converted £42m of debt into shares from the £75m .. some good news.

The other £33m is left for the next 3 years of cash injection

But just remember Tan made these Debts and for over 16 years kept promising we would be Debt Free.

Current Shareholders like myself have had their Shares diluted once again.




Cardiff do, however, continue to have other creditors. Among them is Tormen Finance, a company in which chairman Mehmet Dalman has a significant interest.

The conversion will inevitably dilute the holdings of existing shareholders because additional shares have been created. However, the scale of the debt reduction is likely to be viewed by many supporters as a positive development given Tan's long-standing pledge to eventually eliminate the debt he is owed.

Apparently Tan has converted £42m of debt into shares from the £75m .. some good news.

The other £33m is left for the next 3 years of cash injection

Annis hands up my knowledge on how financial matters is limited going on this announcement in your opinion what do you think his next step will be
Can you see him selling up or can you see him giving BBM a backing to have a go next season

Apparently Tan has converted £42m of debt into shares from the £75m .. some good news.

The other £33m is left for the next 3 years of cash injection

Annis hands up my knowledge on how financial matters is limited going on this announcement in your opinion what do you think his next step will be
Can you see him selling up or can you see him giving BBM a backing to have a go next season

Well after converting £42m of debt into shares (which is very good news for the club) he's now not going anywhere in the short term. It looks like he's having one last shot at getting back to the premier league where the valuation of the club would double and he could then sell the club on and maybe get a fair chunk of his investment back. This will depend on how much money he's going to back BBM with, the next couple of months will let us know how serious Tan is about moving the club forward.

Apparently Tan has converted £42m of debt into shares from the £75m .. some good news.

The other £33m is left for the next 3 years of cash injection

Annis hands up my knowledge on how financial matters is limited going on this announcement in your opinion what do you think his next step will be
Can you see him selling up or can you see him giving BBM a backing to have a go next season

It looks very good news:

The Debt is finally coming down after 16 years of false promises and lies.

Dont forget Tan made this huge Debt.

But I’m gutted it looks like he’s staying as he also believes BBM can takes us up on a small budget.

Not saying it is, but converting debt to equity could make us more attractive to a buyer.

Not saying it is, but converting debt to equity could make us more attractive to a buyer.

It could unfortunately I think Tans valuation and our actual valuation are too far apart for a sale.

Positives and negatives here.

It's obvious it means he's not selling this summer and that's no suprise, I've said before that all the signs are he's going nowhere.

But it's good to see this done and gives us a bit more leeway with the new financial rules.

This appears to be very good news, and the new ‘rules’ will have played their part in allowing this to happen

Assuming Vincent Tan is staying, my only hope is that he allows BBM to ‘manage’ the squad and simply ‘backs’ him with the players he feels will enhance the team for this coming season, where I believe BBM’s ‘judgement’ on this will be far more important than the optics of ‘transfer fees paid’

This is all very good news. Maybe he’s turning the corner and going to become the type of owner most want to come in to buy us.
The last 12 months or so have been very positive for the club as a whole, no one can change the past but we can all certainly help shape the future. I don’t know wheter tan or his people read this board and wheter or not he cares anyway. Maybe our role in getting Cardiff moving forward even more is to let the hate and distain go, from public view at least. A tan that feels loved may be a Cardiff city fc that is loved by tan. For the good of the club that could be the part we play as loyal supporters.

There's been whisperings going around for a few weeks that bbm is going to be backed for a proper Crack at the top 8 this adds more weight to the rumours

There's been whisperings going around for a few weeks that bbm is going to be backed for a proper Crack at the top 8 this adds more weight to the rumours

Not rumours

There's been whisperings going around for a few weeks that bbm is going to be backed for a proper Crack at the top 8 this adds more weight to the rumours

Not rumours

Not to be confused with Tan chucking transfer and agents fees around like confetti, Rog

BBM has shown there is another way!

There's been whisperings going around for a few weeks that bbm is going to be backed for a proper Crack at the top 8 this adds more weight to the rumours

Not rumours

Not to be confused with Tan chucking transfer and agents fees around like confetti, Rog

BBM has shown there is another way!

Too true Chris

ever the optimist me. But I think BBM has demonstrated 1) a respect for someone elses money 2) a respect for his players and an ability to get then to work with him, for him and for their team mates 3) a willingness to build not just achieve a short term objective. That must be a big change for VT to have.

It struck me thst he was extremely restrained with his signings and ALL of them were first team players. Even Scanlon. But when the option to sign who he WANTED for a LB failed to materialise. He just didnt sign anyone. We all know there were weaknesses. but he refused to compromise on a risky un planned short term fix. When we have had managers that have signed players on whim's it can be no wonder why some higher up would wonder what walls their money was being spaffed up. In the past we have clearly had very litle due dilligence done on the men that would represent this wonderful club of ours.

Making the way for investment?

But just remember Tan made these Debts and for over 16 years kept promising we would be Debt Free.

But just remember Tan made these Debts and for over 16 years kept promising we would be Debt Free.

And we still owe him £55m.

So, here is a very good comment made and question posed to me by a good friend and lifetime Bluebird…

It’s very interesting and seemingly good news on the latest debt to equity conversion, and it could be seen as a positive in terms of Tan’s commitment to the club, or it maybe starts opening the gateway for a sale?

What isn’t understood, is if the shares are priced at a parity against the debt, does that then mean the club’s value is increased and would anyone pay that much?

He said he would LEAVE the club with no debt. So does this mean he’s getting ready to leave for good?

He said he would LEAVE the club with no debt. So does this mean he’s getting ready to leave for good?

No