Mon Jun 16, 2014 4:34 pm
Mon Jun 16, 2014 4:38 pm
carlccfc wrote:
' REVEALING VIDEO INTERVIEW WITH VINCENT TAN '
Also 1 CEO on Tan's behalf has since this video said Tan will convert all his loans to equity![]()
http://www.itv.com/news/wales/update/20 ... -ceremony/
I came across this 17 min video last night, it is from July 18th 2013 when Vincent Tan received a honorary degree from the University of South Wales, there have been many questions about the debt to equity swap and when it would take place etc.
In this video Tan outlines his plans to convert all his loans to equity once he has settled the Langston loan notes, you will note that Tan says once he has done everything he will have invested £120m into the club.
A few have argued that financial fair play and Tan had only put £50m in when he stated he would convert all his loans to equity but by his own admission, less than 12 months ago, financial fair play was not an issue then and he was prepared to settle all of his loans.
Tan was also very supportive of Malky Mackay and Craig Bellamy in this piece but less than one month after this interview the fall out had already started from the players bonus row and the trust he had in Malky had gone in the same timeframe.
Looking back and listening with the knowledge of what has happened since makes this, for me anyway, interesting viewing.
I remember the media headlines to this interview was about the 5% 'disruptive, negative and ungrateful' fans and the 'days away' agreement with Langston but I have never seen this video until now.
Below are some of Tan's quotes from the interview, if you got 17 minutes and are interested in the politics of football, you may enjoy watching.
http://www.itv.com/news/wales/update/20 ... -ceremony/
'When I convert everything then the club will be financially stable, we would like to do that so the club is not under any threats.'
'I am someone who believes in don't worry about crossing the river until you reach the riverbank, so when we get there we will worry about how to cross!'
'Like I always say 'Never say never!'
'We have a good combination, we have a good manager (Malky Mackay), good squad, Craig Bellamy and combined with 'Lucky Red' we got promoted'
'We would like to make the club more recognisable in Malaysia, hopefully we will get some Malaysian shareholders, personally I would like to list (float) the club in Malaysia to give it a higher profile in Malaysia and Asia.'
'We are talking to Sam Hammam about resolving the Langston issue, we are days away from an agreement, hopefully we can get that done and I can then convert all my loans to equity and make the club financially much more secure and hopefully debt free, that is my goal to make the club debt free!'
'The club won't be under any threat and after that we have to manage it prudently.'
Mon Jun 16, 2014 4:48 pm
Mon Jun 16, 2014 5:01 pm
wez1927 wrote:carlccfc wrote:
' REVEALING VIDEO INTERVIEW WITH VINCENT TAN '
Also 1 CEO on Tan's behalf has since this video said Tan will convert all his loans to equity![]()
http://www.itv.com/news/wales/update/20 ... -ceremony/
I came across this 17 min video last night, it is from July 18th 2013 when Vincent Tan received a honorary degree from the University of South Wales, there have been many questions about the debt to equity swap and when it would take place etc.
In this video Tan outlines his plans to convert all his loans to equity once he has settled the Langston loan notes, you will note that Tan says once he has done everything he will have invested £120m into the club.
A few have argued that financial fair play and Tan had only put £50m in when he stated he would convert all his loans to equity but by his own admission, less than 12 months ago, financial fair play was not an issue then and he was prepared to settle all of his loans.
Tan was also very supportive of Malky Mackay and Craig Bellamy in this piece but less than one month after this interview the fall out had already started from the players bonus row and the trust he had in Malky had gone in the same timeframe.
Looking back and listening with the knowledge of what has happened since makes this, for me anyway, interesting viewing.
I remember the media headlines to this interview was about the 5% 'disruptive, negative and ungrateful' fans and the 'days away' agreement with Langston but I have never seen this video until now.
Below are some of Tan's quotes from the interview, if you got 17 minutes and are interested in the politics of football, you may enjoy watching.
http://www.itv.com/news/wales/update/20 ... -ceremony/
'When I convert everything then the club will be financially stable, we would like to do that so the club is not under any threats.'
'I am someone who believes in don't worry about crossing the river until you reach the riverbank, so when we get there we will worry about how to cross!'
'Like I always say 'Never say never!'
'We have a good combination, we have a good manager (Malky Mackay), good squad, Craig Bellamy and combined with 'Lucky Red' we got promoted'
'We would like to make the club more recognisable in Malaysia, hopefully we will get some Malaysian shareholders, personally I would like to list (float) the club in Malaysia to give it a higher profile in Malaysia and Asia.'
'We are talking to Sam Hammam about resolving the Langston issue, we are days away from an agreement, hopefully we can get that done and I can then convert all my loans to equity and make the club financially much more secure and hopefully debt free, that is my goal to make the club debt free!'
'The club won't be under any threat and after that we have to manage it prudently.'
I think a lot has changed since then Carl people weren't protesting and malky hadn't blown all the transfer funds on crap
Mon Jun 16, 2014 5:03 pm
wez1927 wrote:carlccfc wrote:
' REVEALING VIDEO INTERVIEW WITH VINCENT TAN '
Also 1 CEO on Tan's behalf has since this video said Tan will convert all his loans to equity![]()
http://www.itv.com/news/wales/update/20 ... -ceremony/
I came across this 17 min video last night, it is from July 18th 2013 when Vincent Tan received a honorary degree from the University of South Wales, there have been many questions about the debt to equity swap and when it would take place etc.
In this video Tan outlines his plans to convert all his loans to equity once he has settled the Langston loan notes, you will note that Tan says once he has done everything he will have invested £120m into the club.
A few have argued that financial fair play and Tan had only put £50m in when he stated he would convert all his loans to equity but by his own admission, less than 12 months ago, financial fair play was not an issue then and he was prepared to settle all of his loans.
Tan was also very supportive of Malky Mackay and Craig Bellamy in this piece but less than one month after this interview the fall out had already started from the players bonus row and the trust he had in Malky had gone in the same timeframe.
Looking back and listening with the knowledge of what has happened since makes this, for me anyway, interesting viewing.
I remember the media headlines to this interview was about the 5% 'disruptive, negative and ungrateful' fans and the 'days away' agreement with Langston but I have never seen this video until now.
Below are some of Tan's quotes from the interview, if you got 17 minutes and are interested in the politics of football, you may enjoy watching.
http://www.itv.com/news/wales/update/20 ... -ceremony/
'When I convert everything then the club will be financially stable, we would like to do that so the club is not under any threats.'
'I am someone who believes in don't worry about crossing the river until you reach the riverbank, so when we get there we will worry about how to cross!'
'Like I always say 'Never say never!'
'We have a good combination, we have a good manager (Malky Mackay), good squad, Craig Bellamy and combined with 'Lucky Red' we got promoted'
'We would like to make the club more recognisable in Malaysia, hopefully we will get some Malaysian shareholders, personally I would like to list (float) the club in Malaysia to give it a higher profile in Malaysia and Asia.'
'We are talking to Sam Hammam about resolving the Langston issue, we are days away from an agreement, hopefully we can get that done and I can then convert all my loans to equity and make the club financially much more secure and hopefully debt free, that is my goal to make the club debt free!'
'The club won't be under any threat and after that we have to manage it prudently.'
I think a lot has changed since then Carl people weren't protesting and malky hadn't blown all the transfer funds on crap
Mon Jun 16, 2014 5:06 pm
Mon Jun 16, 2014 5:13 pm
so theres a bit of progress....some people need to chill out a bit.
Mon Jun 16, 2014 5:13 pm
Mon Jun 16, 2014 5:26 pm
Hoochie Coochie Blues wrote:your mate sam has been paidso theres a bit of progress....some people need to chill out a bit.
Mon Jun 16, 2014 5:28 pm
Mon Jun 16, 2014 5:40 pm
Mon Jun 16, 2014 5:46 pm
Forever Blue wrote:This is all I have to say
Always seems to be one excuse after another for Tan and his band of followers, will they ever hold their hands up and admit Tan was wrong or is there an agenda behind all this ? Hmm
All I want is our Identity back and a debt free club![]()
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Mon Jun 16, 2014 5:47 pm
Barry Chuckle wrote:Interesting for me, from that video, is that Tan said that they agreed to buy Wanyama... Then they wanted more money and he said no...
So VT evidently WAS keeping a check on monies spent & MM wasn't give a free hand with the money, as many suggested on here.
Mon Jun 16, 2014 5:49 pm
brickyblue wrote:Forever Blue wrote:This is all I have to say
Always seems to be one excuse after another for Tan and his band of followers, will they ever hold their hands up and admit Tan was wrong or is there an agenda behind all this ? Hmm
All I want is our Identity back and a debt free club![]()
![]()
![]()
Hes changed are identity taken the debt to over load in my eyes ruined ccfc destroyed the fan base and made us a laughing stock but dont worry chill all is fine what utter bollocks by some people on here. People need to wake up
Mon Jun 16, 2014 5:51 pm
Mon Jun 16, 2014 5:57 pm
Mon Jun 16, 2014 6:01 pm
Mon Jun 16, 2014 6:06 pm
Barry Chuckle wrote:Interesting for me, from that video, is that Tan said that they agreed to buy Wanyama... Then they wanted more money and he said no...
So VT evidently WAS keeping a check on monies spent & MM wasn't give a free hand with the money, as many suggested on here.
Mon Jun 16, 2014 6:06 pm
Mon Jun 16, 2014 6:08 pm
scott_w_ccfc wrote:Barry Chuckle wrote:Interesting for me, from that video, is that Tan said that they agreed to buy Wanyama... Then they wanted more money and he said no...
So VT evidently WAS keeping a check on monies spent & MM wasn't give a free hand with the money, as many suggested on here.
Exactly. Absoutely spot on.
Those against Malky will ignore this though.
Mon Jun 16, 2014 6:13 pm
Mon Jun 16, 2014 6:13 pm
Mon Jun 16, 2014 6:15 pm
Mon Jun 16, 2014 6:16 pm
pembroke allan wrote:ffs tan followers?? just because people dont agree with the thoughts of some on here makes others followers? opinions are for everyone just because they are not in line with anti tan views doesnt mean they follow him!! does that mean those who agree with the leader are followers of him?? think people need get some sort prospective its football not life or death by the way people go into hyterics on subject its the end of the world!![]()
Mon Jun 16, 2014 6:27 pm
Mon Jun 16, 2014 6:33 pm
scott_w_ccfc wrote:A quote from the interview.
"If too many fans show I am not welcome, maybe they will have a new owner."
For me, this should be our focus next season. We are not getting our identity back until he leaves the club, FACT.
Mon Jun 16, 2014 6:41 pm
TheBeach wrote:I dont get it. Where in the video is there a reference to a timeframe? I didn't even realise he bought 90% of the shares! I though he still only owned 80%. Can any one point me to where he say when in the video?
Mon Jun 16, 2014 6:45 pm
Mon Jun 16, 2014 6:49 pm
redordead wrote:Tans made one mistake,the rebrand.
Take this away and you'd all be singing his name,you wouldn't be bothered by the debt.The ffp is important with debt to equity conversion so we have to give VT more time to convert in stages.He's also offered compromise on the kit,so he knows he's made a mistake.
Calm heads and patience are needed,not a lot to ask considering what Tans done for City.
Mon Jun 16, 2014 6:57 pm
simon.wiesenthal wrote:TheBeach wrote:I dont get it. Where in the video is there a reference to a timeframe? I didn't even realise he bought 90% of the shares! I though he still only owned 80%. Can any one point me to where he say when in the video?
he doesnt.........in fact he says IF about 5 times