' OFFICIAL CARDIFF CITY STATEMENT RELEASED '

So where does it tell us what happened with Moody?

I hope not many are fooled by this.

why do you need to know?

I'd like to know why the club i support has decided to replace a well respected & good member of its senior staff, with a complete unknown who is totally unsuited to the role.

because they dont need him they have resuffled the board and his job is no longer needed malky and the chairman are sorting transfers out

Wow what a shit statement. Totally ignoring what people want to know again. No mention of moody or why Tan hired Borat. Fair play the way our club is run is a laughing stock. at least Malky's still here probably the only person that can currently limit tan by standing up to him when he makes more ridiculous dissions.

Tan writes off interest on HIS debt that he would have to pay back to himself in any case....I'm reading that right?

because they dont need him they have resuffled the board and his job is no longer needed malky and the chairman are sorting transfers out

Well in that case then, his replacement can f**k off!

Supporters beg for a statement and they get one but still complain even when it states it backs Malky will get full support. Can't win. Most of our supporters are choosing to believe the media and papers over the club, mugs.

Last edited by DandoCCFC on Tue Oct 15, 2013 5:00 pm, edited 1 time in total.

Also I'm not writing Cornelius off right now but Moody saw him THREE times in action, to judge a player on three performances and spend 7.5m is quite silly

Tan writes off interest on HIS debt that he would have to pay back to himself in any case....I'm reading that right?

Not really, the money would have come from the club accounts I.e. PL TV money.

2. Tan Sri Vincent Tan has agreed to write off Debts of approximately £140.4 million into equity on previous loans, made to the Club and stated that all future loans up to an aggregate value of £50 million will be interest free.

That's what you need to Do Tan. Until then, I do not Trust you,

Supporters beg for a statement and they get one but still complain even when it states it backs Malky will get full support. Can't win. Most of our supporters are choosing to believe the media and papers over the club, mugs.

Yeah because the club has never lied to us before oh wait.........

Tan writes off interest on HIS debt that he would have to pay back to himself in any case....I'm reading that right?

No idea about the detail (although surely for tax and other reasons much of his investment to date will be have been through loans)but I think simplistically yes - but that is good for the Club's books and that is what counts for now.

because they dont need him they have resuffled the board and his job is no longer needed malky and the chairman are sorting transfers out

Well in that case then, his replacement can f**k off!

what malky and our chairmen they are moodys replacement in the resuffle ?

So Malky needs to tell the fans what really happened last week, because that statement says nothing.

Why? We don't need to know. Would it affect your ability to cheer when we score?

Let's all move on boys and girls. The international break is almost over and we will have some football to talk about soon.

Something went seriously wrong last week. We are still in the dark.

You're always living in the dark In troed-y-rhiw I thought....

2. Tan Sri Vincent Tan has agreed to write off Debts of approximately £140.4 million into equity on previous loans, made to the Club and stated that all future loans up to an aggregate value of £50 million will be interest free.

That's what you need to Do Tan. Until then, I do not Trust you,

i think thats coming soon mate once he has full control of shares

Supporters beg for a statement and they get one but still complain even when it states it backs Malky will get full support. Can't win. Most of our supporters are choosing to believe the media and papers over the club, mugs.

Yeah because the club has never lied to us before oh wait.........

Oh let's believe the media who will twist anything about what's going on at a club.

Totally dodges all the issues. Tan trying to gain popularity by giving us interest free loans but the statement "all future loans up to an aggregate value of £50 million will also be interest free" is just an indication that he intends to continue loaning us money increasing our debt and no mention of consolodating the debt to equity which is worrying.

The club will require loans to see it through the period before receiving PL money. The club does not turn a profit yet so will rely on loans for the next season or two at least.

I believe the debt to equity wont happen until he owns a significant proportion of the shares. If he does it now the value ofnthe club will significantly increase and those other shares that he wants to purchase will increase in value, costing him more £££ to secure complete control.

I thought that Tan already has 98% of the club shares

Supporters beg for a statement and they get one but still complain even when it states it backs Malky will get full support. Can't win. Most of our supporters are choosing to believe the media and papers over the club, mugs.

Yeah because the club has never lied to us before oh wait.........

Oh let's believe the media who will twist anything about what's going on at a club.

Better than trusting a mega-lo-maniac dictator who has shown time and again that he doesn't have a clue about running a football club.

Totally dodges all the issues. Tan trying to gain popularity by giving us interest free loans but the statement "all future loans up to an aggregate value of £50 million will also be interest free" is just an indication that he intends to continue loaning us money increasing our debt and no mention of consolodating the debt to equity which is worrying.

The club will require loans to see it through the period before receiving PL money. The club does not turn a profit yet so will rely on loans for the next season or two at least.

I believe the debt to equity wont happen until he owns a significant proportion of the shares. If he does it now the value ofnthe club will significantly increase and those other shares that he wants to purchase will increase in value, costing him more £££ to secure complete control.

I thought that Tan already has 98% of the club shares

no hes trying to obtain them once he does debt to equity can happen untill then why would he

Totally dodges all the issues. Tan trying to gain popularity by giving us interest free loans but the statement "all future loans up to an aggregate value of £50 million will also be interest free" is just an indication that he intends to continue loaning us money increasing our debt and no mention of consolodating the debt to equity which is worrying.

The club will require loans to see it through the period before receiving PL money. The club does not turn a profit yet so will rely on loans for the next season or two at least.

I believe the debt to equity wont happen until he owns a significant proportion of the shares. If he does it now the value ofnthe club will significantly increase and those other shares that he wants to purchase will increase in value, costing him more £££ to secure complete control.

I thought that Tan already has 98% of the club shares

He actually holds less than 50% of the shares at this this present moment I believe but deals are agreed in principle to buy several of the other shareholders out.

Supporters beg for a statement and they get one but still complain even when it states it backs Malky will get full support. Can't win. Most of our supporters are choosing to believe the media and papers over the club, mugs.

Yeah because the club has never lied to us before oh wait.........

Oh let's believe the media who will twist anything about what's going on at a club.

Better than trusting a mega-lo-maniac dictator who has shown time and again that he doesn't have a clue about running a football club.

Yet the media make up constant bulls**t so you would rather to believe that? I'm shocked by the amount of supporters I have read post on here believing paper stories, mugs the lot of them.

Totally dodges all the issues. Tan trying to gain popularity by giving us interest free loans but the statement "all future loans up to an aggregate value of £50 million will also be interest free" is just an indication that he intends to continue loaning us money increasing our debt and no mention of consolodating the debt to equity which is worrying.

The club will require loans to see it through the period before receiving PL money. The club does not turn a profit yet so will rely on loans for the next season or two at least.

I believe the debt to equity wont happen until he owns a significant proportion of the shares. If he does it now the value ofnthe club will significantly increase and those other shares that he wants to purchase will increase in value, costing him more £££ to secure complete control.

I thought that Tan already has 98% of the club shares

He actually holds less than 50% of the shares at this this present moment I believe but deals are agreed in principle to buy several of the other shareholders out.

So that shouldn't take long to sort out then so the debt to equity swap is imminemt then ?

This is great news for the club and the supporters and a great gesture by mr Tan. Now let's concentrate on supporting the boys and keeping the club in the Premier League.

This is great news for the club and the supporters and a great gesture by mr Tan. Now let's concentrate on supporting the boys and keeping the club in the Premier League.

This is great news for the club and the supporters and a great gesture by mr Tan. Now let's concentrate on supporting the boys and keeping the club in the Premier League.

What a creep

Supporters beg for a statement and they get one but still complain even when it states it backs Malky will get full support. Can't win. Most of our supporters are choosing to believe the media and papers over the club, mugs.

Yeah because the club has never lied to us before oh wait.........

Oh let's believe the media who will twist anything about what's going on at a club.

Better than trusting a mega-lo-maniac dictator who has shown time and again that he doesn't have a clue about running a football club.

Yet the media make up constant bulls**t so you would rather to believe that? I'm shocked by the amount of supporters I have read post on here believing paper stories, mugs the lot of them.

Direct quotes from a one-to-one interview with Mackay's agent aren't made up. you bury your head in the sand and kiss tan's arse about signing a painter for our managers right hand man though.

Supporters beg for a statement and they get one but still complain even when it states it backs Malky will get full support. Can't win. Most of our supporters are choosing to believe the media and papers over the club, mugs.

Yeah because the club has never lied to us before oh wait.........

Oh let's believe the media who will twist anything about what's going on at a club.

Better than trusting a mega-lo-maniac dictator who has shown time and again that he doesn't have a clue about running a football club.

Mr Tan effectively owns a football club. He sees it as a business/investment opportunity.He employs people to do the day to day business running.If he doesn't like what happens with his business (i.e. if he thinks someone has fucked up the budgets or is not achieving his targets)he changes things. He invests money and expects a return.
That's essentially how it is.
Many of us will have had experience of working in businesses with similar requirements.

Very little reaction to two key elements of the statement.

1. "In a scheduled Board meeting" - in which case why did Lim schedule a holiday at the same time, somewhat odd for a CEO

2. "An Audit Committee, chaired by Michael Filiou. Its main responsibility will be:
· to review and make recommendations to strengthen the internal financial controls within the Club and benchmark the Club’s financials." - interesting that Sam/Langston's nominee is chairing this.

Mr Tan effectively owns a football club. He sees it as a business/investment opportunity.He employs people to do the day to day business running.If he doesn't like what happens with his business (i.e. if he thinks someone has fucked up the budgets or is not achieving his targets)he changes things. He invests money and expects a return.
That's essentially how it is.
Many of us will have had experience of working in businesses with similar requirements.

I don't dispute any of that... Don't understand it's relevance to my point though.

My point stands, VT may be a successful businessman, but he's clueless about how to run a football club correctly.

Supporters beg for a statement and they get one but still complain even when it states it backs Malky will get full support. Can't win. Most of our supporters are choosing to believe the media and papers over the club, mugs.

Yeah because the club has never lied to us before oh wait.........

Oh let's believe the media who will twist anything about what's going on at a club.

Better than trusting a mega-lo-maniac dictator who has shown time and again that he doesn't have a clue about running a football club.

[color=#FF0000]Mr Tan effectively owns a football club. He sees it as a business/investment opportunity.He employs people to do the day to day business running.If he doesn't like what happens with his business (i.e. if he thinks someone has fucked up the budgets or is not achieving his targets)he changes things. He invests money and expects a return.
That's essentially how it is.
Many of us will have had experience of working in businesses with similar requirements.

What a load of twaddle. What businessman alienates his manager by sacking an experienced key member of staff with a proven track record and then replaces him with someone with absolutely no experience.

Supporters beg for a statement and they get one but still complain even when it states it backs Malky will get full support. Can't win. Most of our supporters are choosing to believe the media and papers over the club, mugs.

Yeah because the club has never lied to us before oh wait.........

Oh let's believe the media who will twist anything about what's going on at a club.

Better than trusting a mega-lo-maniac dictator who has shown time and again that he doesn't have a clue about running a football club.

Yet the media make up constant bulls**t so you would rather to believe that? I'm shocked by the amount of supporters I have read post on here believing paper stories, mugs the lot of them.

Direct quotes from a one-to-one interview with Mackay's agent aren't made up. you bury your head in the sand and kiss tan's arse about signing a painter for our managers right hand man though.

Bury my head in the sand and kiss his arse? I'm not going to lose sleep over some man who was scouting players losing his job. People come and go in the club even if there is no explanation but in football you get over it.

Bury my head in the sand and kiss his arse? I'm not going to lose sleep over some man who was scouting players losing his job. People come and go in the club even if there is no explanation but in football you get over it.

Learn to read, it's not about his removal, it's about his replacement's total unsuitability for the role.