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How much is our debt?

Fri Jan 10, 2020 8:37 pm

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

Re: How much is our debt?

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

Hes written off over 100million already

Re: How much is our debt?

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



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.... :thumbup:

Re: How much is our debt?

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.... :thumbup:


You hear :lol: brilliant

Re: How much is our debt?

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.... :thumbup:


You hear :lol: brilliant



Yes brilliant! :thumbup:

Re: How much is our debt?

Fri Jan 10, 2020 9:28 pm

I’m assuming you were being sarcastic

Re: How much is our debt?

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


I bet there's a massive queue of billionaires out there who can't wait to throw money into CCFC.

Re: How much is our debt?

Fri Jan 10, 2020 9:50 pm

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.

Re: How much is our debt?

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.


Could be worse, we could have so-called investors bleeding cash away.

Re: How much is our debt?

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.


Doubt it, it’s illegal.

Re: How much is our debt?

Fri Jan 10, 2020 10:12 pm

BarryWelsh88 wrote:I’m assuming you were being sarcastic



No as serious as you ... :thumbup:

Re: How much is our debt?

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


Feck me,there are no words. :shock: :?

Re: How much is our debt?

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.


I know, illegal things never happen in football. Some clubs even have their Trust taking their owners to court!! Gosh! :o

Re: How much is our debt?

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! :o


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 :thumbright:

Re: How much is our debt?

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! :o


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 :thumbright:


Okay, both wrong-doings.... Still happening though.....Gosh! :o

Re: How much is our debt?

Fri Jan 10, 2020 10:57 pm

GENERAL CHAT wrote:
Okay, both wrong-doings.... Still happening though.....Gosh! :o


I didn’t say wrong doings don’t occur, but “wrong doings” and illegal activity aren’t something to be merged into one.

A bit like accusing someone of being a murdering rapist and upon someone telling you that all they did was have a branch overhanging their garden into a neighbours property, and you saying “okay but they are both wrong-doings, gosh!”

Do back to my original reply, “doubt it, it’s illegal”.

Re: How much is our debt?

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! :o


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 :thumbright:



so the trust win and the Americans then have to buy their shares ?

Re: How much is our debt?

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


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.

Re: How much is our debt?

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! :o


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 :thumbright:



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

Re: How much is our debt?

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.

:thumbright: 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

Re: How much is our debt?

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.

:thumbright: 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


In the history of this club, we have never had anyone who has come remotely close to pumping in the sort of money that Tan has done. In all probability, we never will again, and I am not sure why some fans cannot see that. Be careful what you wish for, won't be easy to find anyone else who is prepared to risk the money that Tan has. He has given all our managers a lot of financial backing, and probably shown too much trust in their judgement.

Re: How much is our debt?

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! :o


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 :thumbright:



so the trust win and the Americans then have to buy their shares ?


Stop biting, ignore the prick!

Re: How much is our debt?

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! :o


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 :thumbright:



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 !

Re: How much is our debt?

Sat Jan 11, 2020 1:01 pm

Bluebina wrote:
Stop biting, ignore the prick!


Biting? It was a statement of fact not bait.

You need to learn the difference.

Re: How much is our debt?

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! :o


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 :thumbright:



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 . :laughing5:

Re: How much is our debt?

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! :o


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 :thumbright:



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 . :laughing5:


So you believe the remedy will most likely be something other than an instruction to buy the shares? History and common sense disagree if so...

Or is this you being silly again and being annoyed that I am dealing in facts which stops anyone peddling nonsense that you yourself like to come up with? I noted how offended people got with my facts surrounding their favourite myth regarding the Americans pocketing club money. Facts eh? They are no fun.

I have never seen so many offended by fact before I found this forum. Again, that is simply because it leaves zero room to come up with a silly biased “opinion” that makes no logical sense.

If anyone has the opposite opinion that can show why they are saying this, then I am very interested. However the opposite opinion tends to be nothing more than frustrated drivel laced with profanity and illogic thought processes. But I will of course happily be proven wrong...

Over to you, surprise me.

Re: How much is our debt?

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! :o


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 :thumbright:



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 ?

Re: How much is our debt?

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! :o


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 :thumbright:



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.

Re: How much is our debt?

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! :o


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 :thumbright:



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.


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

Re: How much is our debt?

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


Have you just made that up?

Aye thought so. :laughing6: