Fri Jan 10, 2020 8:37 pm
Fri Jan 10, 2020 8:38 pm
Welsh Giants wrote:How much remaining? If tan aint going to invest tidy id be ever so grateful for him to pay off our debt then sell us off to someone much richer
Fri Jan 10, 2020 8:42 pm
wez1927 wrote:Welsh Giants wrote:How much remaining? If tan aint going to invest tidy id be ever so grateful for him to pay off our debt then sell us off to someone much richer
Hes written off over 100million already
Fri Jan 10, 2020 9:21 pm
pembroke allan wrote:wez1927 wrote:Welsh Giants wrote:How much remaining? If tan aint going to invest tidy id be ever so grateful for him to pay off our debt then sell us off to someone much richer
Hes written off over 100million already
He cannot pay off debt as it's his debt effectively, he as to swap it for equity and then wait for a billionaire to want to buy us , I hear there are loads of them waiting for tan to finish swapping the debt over before buying us....
Fri Jan 10, 2020 9:26 pm
BarryWelsh88 wrote:pembroke allan wrote:wez1927 wrote:Welsh Giants wrote:How much remaining? If tan aint going to invest tidy id be ever so grateful for him to pay off our debt then sell us off to someone much richer
Hes written off over 100million already
He cannot pay off debt as it's his debt effectively, he as to swap it for equity and then wait for a billionaire to want to buy us , I hear there are loads of them waiting for tan to finish swapping the debt over before buying us....
You hearbrilliant
Fri Jan 10, 2020 9:28 pm
Fri Jan 10, 2020 9:31 pm
Welsh Giants wrote:How much remaining? If tan aint going to invest tidy id be ever so grateful for him to pay off our debt then sell us off to someone much richer
Fri Jan 10, 2020 9:50 pm
Fri Jan 10, 2020 10:08 pm
welshcasual wrote:So you want to swap current debt... for even more debt? Makes sense.
Here’s a wild thought... why don’t you just live within your means? Spend what the club earns. All this begging for handouts from rich people seems very ugly way to support a club.
Fri Jan 10, 2020 10:11 pm
GENERAL CHAT wrote:welshcasual wrote:So you want to swap current debt... for even more debt? Makes sense.
Here’s a wild thought... why don’t you just live within your means? Spend what the club earns. All this begging for handouts from rich people seems very ugly way to support a club.
Could be worse, we could have so-called investors bleeding cash away.
Fri Jan 10, 2020 10:12 pm
BarryWelsh88 wrote:I’m assuming you were being sarcastic
Fri Jan 10, 2020 10:12 pm
Welsh Giants wrote:How much remaining? If tan aint going to invest tidy id be ever so grateful for him to pay off our debt then sell us off to someone much richer
Fri Jan 10, 2020 10:20 pm
welshcasual wrote:GENERAL CHAT wrote:welshcasual wrote:So you want to swap current debt... for even more debt? Makes sense.
Here’s a wild thought... why don’t you just live within your means? Spend what the club earns. All this begging for handouts from rich people seems very ugly way to support a club.
Could be worse, we could have so-called investors bleeding cash away.
Doubt it, it’s illegal.
Fri Jan 10, 2020 10:29 pm
GENERAL CHAT wrote:
I know, illegal things never happen in football. Some clubs even have their Trust taking their owners to court!! Gosh!
Fri Jan 10, 2020 10:49 pm
welshcasual wrote:GENERAL CHAT wrote:
I know, illegal things never happen in football. Some clubs even have their Trust taking their owners to court!! Gosh!
Yes not a criminal court, a civil court.
The remedy to being found “guilty” will be an instruction to buy shares in all likelihood, not prison.
One is illegal (your uninformed comment) the other is improper company law practice. ‘Big difference’ is an understatement
Fri Jan 10, 2020 10:57 pm
GENERAL CHAT wrote:
Okay, both wrong-doings.... Still happening though.....Gosh!
Fri Jan 10, 2020 11:07 pm
welshcasual wrote:GENERAL CHAT wrote:
I know, illegal things never happen in football. Some clubs even have their Trust taking their owners to court!! Gosh!
Yes not a criminal court, a civil court.
The remedy to being found “guilty” will be an instruction to buy shares in all likelihood, not prison.
One is illegal (your uninformed comment) the other is improper company law practice. ‘Big difference’ is an understatement
Fri Jan 10, 2020 11:14 pm
Welsh Giants wrote:How much remaining? If tan aint going to invest tidy id be ever so grateful for him to pay off our debt then sell us off to someone much richer
Fri Jan 10, 2020 11:49 pm
dogfound wrote:welshcasual wrote:GENERAL CHAT wrote:
I know, illegal things never happen in football. Some clubs even have their Trust taking their owners to court!! Gosh!
Yes not a criminal court, a civil court.
The remedy to being found “guilty” will be an instruction to buy shares in all likelihood, not prison.
One is illegal (your uninformed comment) the other is improper company law practice. ‘Big difference’ is an understatement
so the trust win and the Americans then have to buy their shares ?
Sat Jan 11, 2020 6:33 am
ccfc1962 wrote:Welsh Giants wrote:How much remaining? If tan aint going to invest tidy id be ever so grateful for him to pay off our debt then sell us off to someone much richer
As others have pointed out Vincent Tan has cleared well over £100m of club debt due to him by a combination of write-offs and conversions into shares over a number of years without taking anything out by way of loan repayments ( he can’t legally pay himself a dividend either so hasn’t). I haven’t yet seen the May 2019 accounts or any financial figures for the current season but am confident that this has continued to be the case.
Since his first involvement in our club I have disagreed with a few things he has done and was particularly angry and upset by his ridiculous rebranding decision ( long since rectified but never forgotten) but his huge financial support for the club simply cannot be criticised.
Sat Jan 11, 2020 9:35 am
darran1927 wrote:ccfc1962 wrote:Welsh Giants wrote:How much remaining? If tan aint going to invest tidy id be ever so grateful for him to pay off our debt then sell us off to someone much richer
As others have pointed out Vincent Tan has cleared well over £100m of club debt due to him by a combination of write-offs and conversions into shares over a number of years without taking anything out by way of loan repayments ( he can’t legally pay himself a dividend either so hasn’t). I haven’t yet seen the May 2019 accounts or any financial figures for the current season but am confident that this has continued to be the case.
Since his first involvement in our club I have disagreed with a few things he has done and was particularly angry and upset by his ridiculous rebranding decision ( long since rectified but never forgotten) but his huge financial support for the club simply cannot be criticised.
don't understand why people want Tan out, I guarantee people wouldn't want him gone if rebrand didn't happen. I hated it as much as anyone but its gone now time to move on
Sat Jan 11, 2020 12:34 pm
dogfound wrote:welshcasual wrote:GENERAL CHAT wrote:
I know, illegal things never happen in football. Some clubs even have their Trust taking their owners to court!! Gosh!
Yes not a criminal court, a civil court.
The remedy to being found “guilty” will be an instruction to buy shares in all likelihood, not prison.
One is illegal (your uninformed comment) the other is improper company law practice. ‘Big difference’ is an understatement
so the trust win and the Americans then have to buy their shares ?
Sat Jan 11, 2020 12:36 pm
.welshcasual wrote:dogfound wrote:welshcasual wrote:GENERAL CHAT wrote:
I know, illegal things never happen in football. Some clubs even have their Trust taking their owners to court!! Gosh!
Yes not a criminal court, a civil court.
The remedy to being found “guilty” will be an instruction to buy shares in all likelihood, not prison.
One is illegal (your uninformed comment) the other is improper company law practice. ‘Big difference’ is an understatement
so the trust win and the Americans then have to buy their shares ?
That’s the overwhelming likelihood if the court favours with the Trust (which you would think they would as the prejudice is pretty obvious).
However ag the price of the initial discussions they were excluded from. So they would be getting circa £22m
Sat Jan 11, 2020 1:01 pm
Bluebina wrote:
Stop biting, ignore the prick!
Sat Jan 11, 2020 1:12 pm
Bluebina wrote:.welshcasual wrote:dogfound wrote:welshcasual wrote:GENERAL CHAT wrote:
I know, illegal things never happen in football. Some clubs even have their Trust taking their owners to court!! Gosh!
Yes not a criminal court, a civil court.
The remedy to being found “guilty” will be an instruction to buy shares in all likelihood, not prison.
One is illegal (your uninformed comment) the other is improper company law practice. ‘Big difference’ is an understatement
so the trust win and the Americans then have to buy their shares ?
That’s the overwhelming likelihood if the court favours with the Trust (which you would think they would as the prejudice is pretty obvious).
However ag the price of the initial discussions they were excluded from. So they would be getting circa £22m
Feck off Roathy no one cares !
Sat Jan 11, 2020 1:25 pm
pembroke allan wrote:Bluebina wrote:.welshcasual wrote:dogfound wrote:welshcasual wrote:GENERAL CHAT wrote:
I know, illegal things never happen in football. Some clubs even have their Trust taking their owners to court!! Gosh!
Yes not a criminal court, a civil court.
The remedy to being found “guilty” will be an instruction to buy shares in all likelihood, not prison.
One is illegal (your uninformed comment) the other is improper company law practice. ‘Big difference’ is an understatement
so the trust win and the Americans then have to buy their shares ?
That’s the overwhelming likelihood if the court favours with the Trust (which you would think they would as the prejudice is pretty obvious).
However ag the price of the initial discussions they were excluded from. So they would be getting circa £22m
Feck off Roathy no one cares !
You cannot argue with the most intelligent person in the world who is an expert in anything you care to discuss! And his opinion on the subject is the only one he is interested in .
Sat Jan 11, 2020 2:43 pm
welshcasual wrote:dogfound wrote:welshcasual wrote:GENERAL CHAT wrote:
I know, illegal things never happen in football. Some clubs even have their Trust taking their owners to court!! Gosh!
Yes not a criminal court, a civil court.
The remedy to being found “guilty” will be an instruction to buy shares in all likelihood, not prison.
One is illegal (your uninformed comment) the other is improper company law practice. ‘Big difference’ is an understatement
so the trust win and the Americans then have to buy their shares ?
That’s the overwhelming likelihood if the court favours with the Trust (which you would think they would as the prejudice is pretty obvious).
However ag the price of the initial discussions they were excluded from. So they would be getting circa £22m
Sat Jan 11, 2020 2:46 pm
dogfound wrote:welshcasual wrote:dogfound wrote:welshcasual wrote:GENERAL CHAT wrote:
I know, illegal things never happen in football. Some clubs even have their Trust taking their owners to court!! Gosh!
Yes not a criminal court, a civil court.
The remedy to being found “guilty” will be an instruction to buy shares in all likelihood, not prison.
One is illegal (your uninformed comment) the other is improper company law practice. ‘Big difference’ is an understatement
so the trust win and the Americans then have to buy their shares ?
That’s the overwhelming likelihood if the court favours with the Trust (which you would think they would as the prejudice is pretty obvious).
However ag the price of the initial discussions they were excluded from. So they would be getting circa £22m
shared amongst trust members or banked for your next admin ?
Sat Jan 11, 2020 2:53 pm
welshcasual wrote:dogfound wrote:welshcasual wrote:dogfound wrote:welshcasual wrote:GENERAL CHAT wrote:
I know, illegal things never happen in football. Some clubs even have their Trust taking their owners to court!! Gosh!
Yes not a criminal court, a civil court.
The remedy to being found “guilty” will be an instruction to buy shares in all likelihood, not prison.
One is illegal (your uninformed comment) the other is improper company law practice. ‘Big difference’ is an understatement
so the trust win and the Americans then have to buy their shares ?
That’s the overwhelming likelihood if the court favours with the Trust (which you would think they would as the prejudice is pretty obvious).
However ag the price of the initial discussions they were excluded from. So they would be getting circa £22m
shared amongst trust members or banked for your next admin ?
It is a non profit organisation so no money can be drawn from it.
It is with a view to in the future having a 100% fan owned club that can be entered into a majority consortium, with the Trust organisation holding the majority shares as opposed to individuals that can make personal gain choices - £22m will be an excellent platform.
Sat Jan 11, 2020 2:55 pm
Bluebina wrote:
Ignore him he talks utter bollocks not long ago their owners were the best ever and the club would never be sold.
Feck off Roathy