NOT GOOD: “ LATEST ON CCFC SALE “

TAN & TAKEOVER Update : Tan definitely wants out asap ….but NOT AT ANY PRICE !


Tan has come to the conclusion that he had no realistic chance of putting the Club in the PL (and sell it then)- because he simply does not have the necessary money or financial strength to do that .


He knows that CCFC can/will get out of this third tier football ….but he also knows that once in the Championship he does not have the financial strength to realistically go to the PL ……and so will continue losing about £12 million or more .

So Tan decided that he will sell !

However , Tan will not sell at the generally accepted price of £35-£50 million (for a debt free club).

Tan is presently trimming our budget to a level where the maximum he can lose is £8 million a year (but even less if he sells players). This step has given him the ability …of not having to sell .


Tan will therefore only sell if he gets what he wants .

Tan wants £30-£40 million now ….plus a further £40 million on promotion to the PL ……roughly £80 million altogether . I believe that this figure has already been agreed !!!






However , the big sticking point and the possible deal breaker is that Tan wants to leave £50 million of the Club’s debt for the buyers to be responsible for .

The buyers have told him that this is nonsense and too much .

In essence Tan wants to leave Dalman’s debt for the buyers, which remember is nearly £40 mill and Tsn had said we would never borrow under him.



While legally this debt is for Dalman the practical reality is that Dalman’s debt is 100% Tan’s liability ….because I understand that Tan has indirectly covered this loan for Dalman (Dalman has no risk).



What in effect Tan is doing is that he is -understandably- trying to minimize his losses .

My conclusion is that the Club’s real sale value is £25-£40 million .

Buyers are willing to pay that plus a further £40 million for PL promotion .

The question is that will anyone pay all or any of the £50 million debt Tan wants to leave behind ??

Will Tan lower this figure ? We will soon know ….maximum the end of the month.


It does not matter how much The South African or Bales Consortium is worth , you pay for how you value things and they don’t want to take on Dalmans debt.

A deal had been done, but suddenly Tan said a new owner had to take in Dalmans debt that’s why the South African flew to Monaco to talk to Dalman.

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Tan is now weak …and sort of a lame duck .


Important people in the Club are no longer afraid of Tan and not afraid to leak information ….. they want Tan out …..in the interest of the Club .


Tan has had enough and wants out , key people want him out , the fans want him out , his family want him out …..Tan is effectively ….a “dead man walking” ….his failing dictatorship time is coming to an end …..he is no longer feared or respected or wanted .


The only question is when ?

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Not wanting to side with Tan but you can see his point with the Dalman debt.

He would near enough walk away with an initial 40million and then have to pay it straight to Dalman.

Strange twist that Dalman is now the sticking point.

Not wanting to side with Tan but you can see his point with the Dalman debt.

He would near enough walk away with an initial 40million and then have to pay it straight to Dalman.

Strange twist that Dalman is now the sticking point.

I disagree , that’s Tans fault for borrowing and has moved the goal
Posts.

They won’t budge and nor would I take Dalmans debt on.

Looks like we are currently stuck with Tan, expect more players to leave.


Tan / Dalman not spoke for 6 weeks.

The last 3 years Dalman’s money been paying the losses.

With only just over 2 weeks till we start our League One campaign I see no player movements in but fear our owner will asset strip to try to reduce our wage bill and I think we will have to go with what we’ve got, I just pray that we keep Salech! This Club needs a complete restart with owners who will bring back the connection with the fans and invest to take us back up the leagues. Fingers crossed this is resolved very soon and the feel good factor returns; our fans deserve it.

Tan is asking for £130M in total — £50M to cover Dalman’s loans, and the rest split as £40M upfront and £40M if we get promoted to the Premier League.

The Bales group has only offered £50M, which would just cover Dalman’s loans and leave nothing for Tan. Meanwhile, the African bidder has proposed £40M upfront — not even enough to clear the loans — and another £40M only if the club reaches the Premier League.

Both offers are well short of what's being asked. Unless there’s a serious compromise, this could drag on for some time.

I know it's hard, but..only the fans can force Tan to sell, stop buying merchandise and tickets, this will force the sale, then we can rebuild, change Red seats, change the badge back, the new buyer needs to ask the fans about the layout of the stadium and seating, it's going to get worse before it gets better.

Not wanting to side with Tan but you can see his point with the Dalman debt.

He would near enough walk away with an initial 40million and then have to pay it straight to Dalman.

Strange twist that Dalman is now the sticking point.

I disagree , that’s Tans fault for borrowing and has moved the goal
Posts.

They won’t budge and nor would I take Dalmans debt on.

Looks like we are currently stuck with Tan, expect more players to leave.


Tan / Dalman not spoke for 6 weeks.

The last 3 years Dalman’s money been paying the losses.

I also disagree, it is Tan's debt to Dalman, but as you said, he is undertandably trying to lessen his losses.

Some people believe we will walk this league if you look at Birmingham last season they spent money which we don't have there's other league one clubs better off than we are getting promoted by hiring kids doesn't work you need quality and experience that costs money

I know for a fact that when Tan bought the Club ….he definitely took the position that it “does not go down well” for him to pay for the losses or debts of the previous regime .


He is now wanting the prospective buyers to pay for his mistakes and financial problems which he created . His reasoning from all those years ago was that he wants to spend his money on taking the Club forward ….and not paying for past owners’ financial shit .


Now he wants others to take over some of his financial mistakes .


Remember that he took control of CCFC - for what is relatively a lousy £6 million ……for a club that almost made it to the PL . Now he is not happy to sell the Club in the 3rd tier for £80 million …..he wants his “pound of flesh” .

Tan is now weak …and sort of a lame duck .


Important people in the Club are no longer afraid of Tan and not afraid to leak information ….. they want Tan out …..in the interest of the Club .


Tan has had enough and wants out , key people want him out , the fans want him out , his family want him out …..Tan is effectively ….a “dead man walking” ….his failing dictatorship time is coming to an end …..he is no longer feared or respected or wanted .


The only question is when ?

Annis, the term "dead man walking" is exactly where Tan is right now and he knows it, a future payment on promotion to the premier league makes sence all around. As for Dalman, i've always thought that he would have a major say on who buys the club due to his £40 million investment and i can see him transfering his investment to any of the potential new owners, because he'll have a better chance of seeing a return with them than under Tan that's why Dalman is in the thick of this. Annis, the alternative scares me, if Tan doesn't get what he wants then his commitment to the club will be less and less, there could be fire sales and no money available for the first team. This sale HAS to happen for the future succsess of Cardiff City.

Not wanting to side with Tan but you can see his point with the Dalman debt.

He would near enough walk away with an initial 40million and then have to pay it straight to Dalman.

Strange twist that Dalman is now the sticking point.

I disagree , that’s Tans fault for borrowing and has moved the goal
Posts.

They won’t budge and nor would I take Dalmans debt on.

Looks like we are currently stuck with Tan, expect more players to leave.


Tan / Dalman not spoke for 6 weeks.

The last 3 years Dalman’s money been paying the losses.

I also disagree, it is Tan's debt to Dalman, but as you said, he is undertandably trying to lessen his losses.

I know for a fact that when Tan bought the Club ….he definitely took the position that it “does not go down well” for him to pay for the losses or debts of the previous regime .


He is now wanting the prospective buyers to pay for his mistakes and financial problems which he created .


His reasoning from all those years ago was that he wants to spend his money on taking the Club forward ….and not paying for past owners’ financial shit . Now he wants others to take over some of his financial mistakes .


Remember that he took control of CCFC - for what is relatively a lousy £6 million ……for a club that almost made it to the PL . Now he is not happy to sell the Club in the 3rd tier for £80 million …..he wants his “pound of flesh” .

So if dalman called in his loan now and requested immediate repayment - wouldn't it be the case that Tan would have to pay the £40m back to dalman?

Some people believe we will walk this league if you look at Birmingham last season they spent money which we don't have there's other league one clubs better off than we are getting promoted by hiring kids doesn't work you need quality and experience that costs money

Agree.

there is always something with this idiot dictator, i just want him away from OUR club forever, im not getting excited by the take-over talks until something is signed sealed delivered i just dont want to build my hopes up for them to be dashed again. TAN just do the right thing and f**k off

Some people believe we will walk this league if you look at Birmingham last season they spent money which we don't have there's other league one clubs better off than we are getting promoted by hiring kids doesn't work you need quality and experience that costs money

Very good point!

If there had been a meeting on Monday, you would think that a figure had been reached for the prospective buyers to ‘fly in’
So it could be now that the buyers are moving the goal posts last minute? or it could be Tan
If I were him I would be holding out.. as if there are 3 consortiums wanting to buy then really he is in a good position.
However, if there is only one serious offer then he would be in a delicate position.
All this points to Dalman being involved in any takeover, short or long term..
As fans it’s hard for us to get the correct story, guess at this delicate time that should be the case..in business you do not want financial details being leaked..
Let’s just hope we have a conclusion that suits all parties.. and hoping the new ownership is a good one.

Reply:

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So if dalman called in his loan now and requested immediate repayment - wouldn't it be the case that Tan would have to pay the £40m back to dalman?

Exactly what I was thinking.

I assume there is some sort of payment plan in place that allows payment over a long period or if/when we made the Prem.

Thanks Annis,
I had similar thoughts in terms of realistic valuation and Tan’s. His/Choo/Dalman’s poor decision making have dug us into a hole where the club is worth considerably less than the debt attached to it.

We’re financial unviable unless one of Tan, Dalman or a new owner takes a big hit. Unless Dalman were involved in the takeover, that will never happen so it falls to one side of the other and who blinks first. In all honesty, we’d have been in administration a long time ago without Tan still covering the bills, but you can’t then expect to get that money back if you’ve messed up. It’s like buying a house, ripping it fully out to renovate, then realising the bills are twice as much and trying to get back the purchase price .. it just doesn’t happen.

Our only hope is Tan realises he needs to keep up the outlay, or we struggle to get out of L1 this season because of the lack of investment and the valuation tumbled further so he pulls the trigger. He’s the guy who long term is going to have to accept he isn’t going to get back what he put in and suck it up.

On the point of the loans, I find it unlikely Dalman can just call them in. There will be agreed timeframes for payment and he’ll want his 10% return or whatever he’s getting. Tan would be sensible to just keep up the payments until something can be agreed. If he did call them in, you’d imagine there would be penalties on his side and he’d get less back than he put in, similar to if we defaulted.

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You would hope/expect dalman to reach an agreement with potential buyers regarding his loan after all he's not going to get it back if tan stays at club? The nice trip was obviously planned so that discussions take place ... as for tan well no matter what he does sell players ect he will still be losing money until he sells besides will anyone buy club if tan sells club assets before they buy "no chance" no annis is right tans reign is ending its a matter of when not if he sells.

Totally agree Annis, he should go now, go now as the song says, spot on with your comments again Annis, nasty man that Tan

Totally agree Annis, he should go now, go now as the song says, spot on with your comments again Annis, nasty man that Tan

You must be a Jack on a wind up or something

Totally agree Annis, he should go now, go now as the song says, spot on with your comments again Annis, nasty man that Tan

You must be a Jack on a wind up or something

I thought the same thing.

Every single post is professing his unwavering love to Annis.

It’s a bit creepy to be honest

I know it's hard, but..only the fans can force Tan to sell, stop buying merchandise and tickets, this will force the sale, then we can rebuild, change Red seats, change the badge back, the new buyer needs to ask the fans about the layout of the stadium and seating, it's going to get worse before it gets better.

You will never stop true City fans from buying merchandise and tickets for our matches, despite everything that has gone on at least 12000 season tickets for next season have been sold and I fully expect crowds of 15000 plus for each home game; the fans are the only constant and the lifeblood of our Club, that will never change and I truly hope that when we eventually get new owners that they listen to what us fans want.

Worried this would happen.

Not good at all.

So bascally its 130 debt free ,

Totally agree Annis, he should go now, go now as the song says, spot on with your comments again Annis, nasty man that Tan

You must be a Jack on a wind up or something

I thought the same thing.

Every single post is professing his unwavering love to Annis.

It’s a bit creepy to be honest

Daya it’s the sort of creepy thing he would do.

So if the above is all correct then maybe the Dalman consortium could be the front runner, he buys the club off of Tan taking his loans with him, a smaller up front payment or a smaller amount if they reach the premier league ?

It would not surprise me one bit if Dalman planned a takeover previously and that is why he leant the money in the first place, by his own omission since lending the money he has not given the club 100%, even after he admitted that (which was an appeasement statement) he’s done nothing or arguably even less.