" Vincent Tan Statement "

£35 million cash investment for next season and people are still moaning - Something tells me that Sam/Langstone is going to be paid off in one go i.e £10 million of that £35 million annual budget is earmarked for Sam/Langstone. The sooner he's paid off the better, it will only be a matter of 18 months and PMG will be paid off as well all the debt will then turn into equity. We will be marketed to the far east (huge markets) via Vincent Tans own tv network, no doubt our games will be sold to other networks across the far east as well - if we get to the Premier League, we will be massive over there. The sky's the limit lads - open your eyes. Can you see any other billionaires around the corner willing to invest this type of monopoly money in little cardiff City??? I cant!!!

Agreed!!

Gotta say, converting approx 64 min of servicable loans to approx 50 mill of non servicable equity is fab (if it happens). This should allow some of wasted ineterest payments to be used for other purposes helping to bring down monthly losses (I say should as I am no expert on the terms of the loans). It's also great to get this from the horses mouth hopefully moving this investment one step away from rumour and closer to reallity - i'm sure we're all gratefull for this.

I understand that you have break eggs to make an omlettee - easy that one
I unnderstand that you have to build a bridge to cross a river (and stay dry) - not too difficlut

I have absolutely no effing idea why a team playing in blue is not worthy of investment !!!!!

Am I missing something? the changes are for the Asian market, to maximise profit from that area.

Current profit of club acitivities in Asia: zero.
Future profit from Asia, via as yet unidentified income streams: ?????
This is all about maximising LOCAL profit by hoping 20,000 willing fans will buy new shirts cos the colours changed.
Just my opinion of course.

VT only announced this statement 3½ hours ago, just how much Far East income were you expecting by now?

£35 million cash investment for next season and people are still moaning - Something tells me that Sam/Langstone is going to be paid off in one go i.e £10 million of that £35 million annual budget is earmarked for Sam/Langstone. The sooner he's paid off the better, it will only be a matter of 18 months and PMG will be paid off as well all the debt will then turn into equity. We will be marketed to the far east (huge markets) via Vincent Tans own tv network, no doubt our games will be sold to other networks across the far east as well - if we get to the Premier League, we will be massive over there. The sky's the limit lads - open your eyes. Can you see any other billionaires around the corner willing to invest this type of monopoly money in little cardiff City??? I cant!!!

I wasn't aware the football league /championship allowed individual club TV deals in other countries?

Even if we get to the Premier League, we'll only be massive over there if we win things. Malay/Chinese like to be associated with successful entities, not just colours.

You're right about the lack of other billionaires wanting to invest in Cardiff City though. It would take £100 Million + to buy out Tan and get what? At best a debt free championship club pushing for promotion, something the club is nowhere near yet. Why buy a championship club for £100 million when you could buy Everton for a similar amount? Perhaps its cos they play in blue?

£35 million cash investment for next season and people are still moaning - Something tells me that Sam/Langstone is going to be paid off in one go i.e £10 million of that £35 million annual budget is earmarked for Sam/Langstone. The sooner he's paid off the better, it will only be a matter of 18 months and PMG will be paid off as well all the debt will then turn into equity. We will be marketed to the far east (huge markets) via Vincent Tans own tv network, no doubt our games will be sold to other networks across the far east as well - if we get to the Premier League, we will be massive over there. The sky's the limit lads - open your eyes. Can you see any other billionaires around the corner willing to invest this type of monopoly money in little cardiff City??? I cant!!!

I wasn't aware the football league /championship allowed individual club TV deals in other countries?

Even if we get to the Premier League, we'll only be massive over there if we win things. Malay/Chinese like to be associated with successful entities, not just colours.

You're right about the lack of other billionaires wanting to invest in Cardiff City though. It would take £100 Million + to buy out Tan and get what? At best a debt free championship club pushing for promotion, something the club is nowhere near yet. Why buy a championship club for £100 million when you could buy Everton for a similar amount? Perhaps its cos they play in blue?

well if this man is willing to inject £35 million in cash into our club for one season, I think he has every intention of making us successful I think I would rather trust the judgement of this man (one of the most successful businessmen in Malaysia with massive connections across the far east than some Walter Mitty character such as the likes of Peter Ridsdale and Sam Hammam who both did so much to destroy our club. Why not buy Everton over us? because they have no infrastructure to speak of a piss poor stadium, massive debt and are about to lose the only good thing they have had in years i.e David Moyes. I think you will find they may very well be swapping places with us come next May. Then we may very well be a Premier League club with minimal debt ( all turned into equity) to speak of, a new stadium with plans to expand the capacity in place, our own training facilities, a quality youth policy and just an overall top infrastructure for a football club everything Everton doesn't have - oh and yes we have a brilliant manager that all clubs will be drooling over in the coming years Wee have a successful far east businessman in control of our club. Everton have an ex Coronation Street actor in charge of them pmsl

I would say to all the doubters......put your money where your mouths are.

I think this guy knows where he can take this club, and how to get it to the next level.

Give him a chance...have a bit of faith.

Many of us have been putting our money where our mouths are for 20+ years, and when it comes to relative wealth we've put a damn sight more of our overall earnings in than VT, so I think that gives us more than enough right to voice our discontent thanks....

I take it you mean you've been paying to see Cardiff City Play.....I mean just donating and getting nothing in return, like paying every month into the Acadamy.....I wonder how many on here does that.
I think what Dato Tan G is doing with his expenses is pretty remarkable.

Sorry to upset the blue camp. But a pretty good statement and the reason I am fully behind the rebranding.

Im so excited i got a bit of wind in my pipe but what would really help create a mess of my pants now is all those sycophants who told us they would never step into the CCS ever again will actually keep their promise ....and before anyone of the so called hirachy want to have a snipe ...remember its a F.O.R.U.M and this is my OPINION so to use a metaphor let someone else take the penalties, score a few of the goals and stop threating to take your ball home if you cannot have your own way

Sorry to upset the blue camp. But a pretty good statement and the reason I am fully behind the rebranding.

Im so excited i got a bit of wind in my pipe but what would really help create a mess of my pants now is all those sycophants who told us they would never step into the CCS ever again will actually keep their promise ....and before anyone of the so called hirachy want to have a snipe ...remember its a F.O.R.U.M and this is my OPINION so to use a metaphor let someone else take the penalties, score a few of the goals and stop threating to take your ball home if you cannot have your own way

Nice one TGI....I was only thinking the other day about the little boy taking his ball home with him, with some on here.

Pleased with the statement and even though I will not wear red, I am 100% behind our football club getting to the Premiership and will give my full support to TG/VT. As for the people who say they want their money back, in my opinion they are not really Cardiff City supporters........... onwards and upwards the mighty Blooooooooobirds!!

at least now we got the facts we needed

Where have you been? all the facts have been posted before.

True theres nothing thats not been posted before really

we now know where the money he's investing is going, we know that he's trying to set up live TV broadcasting of our games in Asia... people tried guessing how much money was going where, and people were guessing that he wanted to broadcast our games, but now it's come from the horses mouth!

might not be many facts in there i guess, but there are some which can be plucked out in the statement

£35 million of which £10 goes to Langston......if we are lucky they agree. That leaves £25 million.....maths was my strong point at school. OK, we are losing £1.2 million a month so that is say £14million a year. That leaves £11 million.

Sounds good £11 million for new players...........lets see shall we.

When TG arrived I hoped and expected the Club would be run more sensibly and in a more businesslike fashion.

Since VT started calling the shots, the strategy's exactly the same as it was under Sam and Ridsdale - keep on gambling until we hit the Premier League jackpot so we can pay back all the debt we've racked up.

Cardiff City is being run with the same approach as that of the gambling addict who can't walk out of the bookies or the casino or step away from the fruit machine because he HAS to win next time to pay back what he's lost.

It's unbelievable to me how any of you can think that loading more millions of loans onto a club that's already up to its neck in crippling debt, is good news.

Are you all on drugs or something? If so let me have some.

£35 million cash investment for next season and people are still moaning - Something tells me that Sam/Langstone is going to be paid off in one go i.e £10 million of that £35 million annual budget is earmarked for Sam/Langstone. The sooner he's paid off the better, it will only be a matter of 18 months and PMG will be paid off as well all the debt will then turn into equity. We will be marketed to the far east (huge markets) via Vincent Tans own tv network, no doubt our games will be sold to other networks across the far east as well - if we get to the Premier League, we will be massive over there. The sky's the limit lads - open your eyes. Can you see any other billionaires around the corner willing to invest this type of monopoly money in little cardiff City??? I cant!!!

I wasn't aware the football league /championship allowed individual club TV deals in other countries?

Even if we get to the Premier League, we'll only be massive over there if we win things. Malay/Chinese like to be associated with successful entities, not just colours.

You're right about the lack of other billionaires wanting to invest in Cardiff City though. It would take £100 Million + to buy out Tan and get what? At best a debt free championship club pushing for promotion, something the club is nowhere near yet. Why buy a championship club for £100 million when you could buy Everton for a similar amount? Perhaps its cos they play in blue?

I've trawled through 6 pages of this discussion and at last somebody has noticed something very relevant to the TV ownership discussion. The sale of TV rights for the Football League is the same as the Premier League, it is done on a collective basis both home and abroad, Tan cannot arbiterilly choose to screen Cardiff City games on his channel as he would be in breach of copyright laws. He may own the team but the Football League owns the product. And he would have to bid for those rights, just like SKY does in the UK and then hope to make a profit from charging to view and advertising. But most games shown in Asia will always be the PL games as far as English football is concerned. Sure if Cardiff achieved promotion then their profile increases immensely in Malaysia but that is still a big if. Based on the new investment whoever suggested £13million as the additional amount for Mackay to spend looks pretty much spot on, but that will include such things as transfer fees, signing on fees, salaries and agent fees. It is also a similar amount that a relegated club from the Premier League receives in parachute payments for one season (times that by four seasons in total), so you then have a budget to compete with the likes of Wolves, Blackburn and Bolton and Blackpool from the previous season, (won't include Brum as it looks like that they are deep in the financial mire). It means that you should have a good chance of promotion, but it won't be a forgone conclusion, and if that is not achieved then what? Further investment from Tan or is the club put up for sale and he looks to cut losses. Certainly it looks like he is going for promotion this next season, especially with the Football League financial fair play coming along and the huge increase in Premier League TV rights just announced. Promotion will be the only way in which he may ever get his money back. Still should be fun!

Tan the gambling man. It's a case of borrow more money and put it on red or black. Or red or blue in our case. The plan to try to exploit an already crowded asian tv market seems fanciful to me. The market is the premier league and there are plenty of bigger teams that play in red there already Mr Tan. If we ever get to the promised land I just hope Tan gets his money back and disappears. He has real no interest in our 'club', he is a gambling venture capitalist pure and simple.

To those who criticise what is YOUR alternative??

"At no point did they threaten to end their connection to this football club. Certainly, they would have looked at plans again and taken different decisions, maybe looked at new external investment or looked to sell the club on to somebody else."

here's your alternative

Great statement from Tan, now lets get behind the team! Looking forward to Malkys signings

Great statement from Tan, now lets get behind the team! Looking forward to Malkys signings

yeah this is finally going to be the season we go up(with the jacks passing us on the way down)

Gotta say, converting approx 64 min of servicable loans to approx 50 mill of non servicable equity is fab (if it happens). This should allow some of wasted ineterest payments to be used for other purposes helping to bring down monthly losses (I say should as I am no expert on the terms of the loans). It's also great to get this from the horses mouth hopefully moving this investment one step away from rumour and closer to reallity - i'm sure we're all gratefull for this.

I understand that you have break eggs to make an omlettee - easy that one
I unnderstand that you have to build a bridge to cross a river (and stay dry) - not too difficlut

I have absolutely no effing idea why a team playing in blue is not worthy of investment !!!!!

Am I missing something? the changes are for the Asian market, to maximise profit from that area.

I know thats what they say - still don't get it. It it was that easy every team in the league would play in red ??

I fully appreciate we all have a different perspective on things - but it seems like we're expecting a bit of pixie dust

Lets just all wait and see, it might be that he will not get the income from Asia that he thinks he will get, but what he is trying to do is grow the brand and the image in the far East, VT is a very sucssesfull buiseness man so it's time that the fans got off his back and started supporting him, my fear is a minority of fans will drive him away from the club, and that will do serious damage to this football club.

we've got a saying here:

ONCE a LIAR - ALWAYS a LIAR

"We will not proceed with the proposed change of colour and logo and the team will continue to play in blue at home for the next season with the current badge."

Nothing new from from Vincent Tan eh and still no logical explanation for the badge and colour change, other than he's done it because he can so we have to shut up and accept it, LIKE FCK!!!!!! BLUE TO THE CORE

These people wanted to destroy the identity of the club without informing the supporters.
When that came out, they lied that nothing would change for next season.
And eventually they already rammed through their ridiculous ideas before anyone could notice.

These are lying, backstabbing people who don't care for the soul or supporters of Cardiff City.
And some just keep on defending them.

Grow a pair of balls, will ya.

the income from Asia that he thinks he will get

That just has to be the largest lack of logic in all his plans and I really don't get why people keep on buying this nonsense.

In order to succeed with your merchandise in the far east you need to have big sportive succes.
There is no market for Cardiff over there, just because the club can never compete with huge 'brands' like Manchester United, Real Madrid, Chelsea FC or FC Barcelona.
Do you really think people over there will buy Cardiff City shirts because of the colour red and the dragon?


Really, lads. In a couple of years time we'll all have to come to the conclusion that it just doens't work that way. And the pro-red people will be sorry that they sold the soul of the club so they could believe in their fairy tale a little bit longer.

Sorry to upset the blue camp. But a pretty good statement and the reason I am fully behind the rebranding.

What's the reason for the rebranding?

£35 million cash investment for next season and people are still moaning - Something tells me that Sam/Langstone is going to be paid off in one go i.e £10 million of that £35 million annual budget is earmarked for Sam/Langstone. The sooner he's paid off the better, it will only be a matter of 18 months and PMG will be paid off as well all the debt will then turn into equity. We will be marketed to the far east (huge markets) via Vincent Tans own tv network, no doubt our games will be sold to other networks across the far east as well - if we get to the Premier League, we will be massive over there. The sky's the limit lads - open your eyes. Can you see any other billionaires around the corner willing to invest this type of monopoly money in little cardiff City??? I cant!!!

I wasn't aware the football league /championship allowed individual club TV deals in other countries?

Even if we get to the Premier League, we'll only be massive over there if we win things. Malay/Chinese like to be associated with successful entities, not just colours.

You're right about the lack of other billionaires wanting to invest in Cardiff City though. It would take £100 Million + to buy out Tan and get what? At best a debt free championship club pushing for promotion, something the club is nowhere near yet. Why buy a championship club for £100 million when you could buy Everton for a similar amount? Perhaps its cos they play in blue?

I've trawled through 6 pages of this discussion and at last somebody has noticed something very relevant to the TV ownership discussion. The sale of TV rights for the Football League is the same as the Premier League, it is done on a collective basis both home and abroad, Tan cannot arbiterilly choose to screen Cardiff City games on his channel as he would be in breach of copyright laws. He may own the team but the Football League owns the product. And he would have to bid for those rights, just like SKY does in the UK and then hope to make a profit from charging to view and advertising. But most games shown in Asia will always be the PL games as far as English football is concerned. Sure if Cardiff achieved promotion then their profile increases immensely in Malaysia but that is still a big if. Based on the new investment whoever suggested £13million as the additional amount for Mackay to spend looks pretty much spot on, but that will include such things as transfer fees, signing on fees, salaries and agent fees. It is also a similar amount that a relegated club from the Premier League receives in parachute payments for one season (times that by four seasons in total), so you then have a budget to compete with the likes of Wolves, Blackburn and Bolton and Blackpool from the previous season, (won't include Brum as it looks like that they are deep in the financial mire). It means that you should have a good chance of promotion, but it won't be a forgone conclusion, and if that is not achieved then what? Further investment from Tan or is the club put up for sale and he looks to cut losses. Certainly it looks like he is going for promotion this next season, especially with the Football League financial fair play coming along and the huge increase in Premier League TV rights just announced. Promotion will be the only way in which he may ever get his money back. Still should be fun!

Sensible post DW, makes perfect sense to me about his plans n ideas
Let's go for it then