Listen to good old Roathie and you wont go far wrong...

another jack accountant

Maybe he could give you a few lessons.

Wow Wez.

Stunning eh?

Roathie give up because he obviously doesn't want to hear it. He hasn't grasped many key differences.

All he sees is tan has invested 90 million so if someone (whoever this fictional billionaire is) buys us for 120 million we are debt free, tan makes 30 mill and then the new guy has a nice investment of 60 mill in parachute payments.

The problem with that is if someone buys the club for 120 mill, tan is still owed what he's owed as that doesn't just disappear, and a new investor taking all the parachute payments destroyed on the field matters because those payments are there to ease the financial burden of relegation. Take those away and you have a Portsmouth situation.

another jack accountant

Just trying to help you grasp the terrible financial situation you're actually in. It will make things much easier for you to deal with when your prudent mathematical advice is ignored.

Apparently we "arent counting the income"

Apparently we "arent counting the income"

I don't think they have grasped what turnover is. I think that they think it works out like 80 million spent on transfers and wages but income was 100 million so thats 20 million pounds profit.

Take a look at Swansea's books. First year in the prem with relatively low spending,player sales and manager sales only amounted to a 15 million pound profit. That was with no debt and the biggest transfer was Danny Graham for 3.5 mill. Cardiff have wasted almost three times as much on the danish blonde bombshyte and he isn't even playing for them any more.

Apparently we "arent counting the income"

I don't think they have grasped what turnover is. I think that they think it works out like 80 million spent on transfers and wages but income was 100 million so thats 20 million pounds profit.

Take a look at Swansea's books. First year in the prem with relatively low spending,player sales and manager sales only amounted to a 15 million pound profit. That was with no debt and the biggest transfer was Danny Graham for 3.5 mill. Cardiff have wasted almost three times as much on the danish blonde bombshyte and he isn't even playing for them any more.

Whenever finances get discussed on here, im always left in awe

No wonder they get screwed over so easily.

From the interview summary.....

"According to Tan, the club's only outstanding debt is about £70m-£80m owed to him, and he will decide in due course whether or not to convert that into equity."

He now owns 90% of the club.

So why on earth would he buy the remaining 10% for £80m, valuing the club at £800m

Barmy.

Yes Rothie! He's backtracking big time. When he pulls the plug he will blame family pressure and his hemmaroids.

Apparently we "arent counting the income"

I don't think they have grasped what turnover is. I think that they think it works out like 80 million spent on transfers and wages but income was 100 million so thats 20 million pounds profit.
Bad example using Swansea you are a small supported club compared to us with a smaller stadium which the council own so don't benefit from full hospitality also this season the tv money has gone up from 20 million to 63 million totally different compared to your first season in the prem

Take a look at Swansea's books. First year in the prem with relatively low spending,player sales and manager sales only amounted to a 15 million pound profit. That was with no debt and the biggest transfer was Danny Graham for 3.5 mill. Cardiff have wasted almost three times as much on the danish blonde bombshyte and he isn't even playing for them any more.

Apparently we "arent counting the income"

Bad example using Swansea you are a small supported club compared to us with a smaller stadium which the council own so don't benefit from full hospitality also this season the tv money has gone up from 20 million to 63 million totally different compared to your first season in the prem

Rap this is correct wez what tan is saying is he already owns 90% pf Cardiff city excluding any loans owed to him

So theoretically as he's owed £80m if he were to write that off for 10% more of the business then effectively he would have paid £80m for just 10% of the club!!

However you could flip it and argue for the original £6m after playoff final he got 40% of club he's then bought everyone else shares to take him to 90% with Isaacs 10% appearing the stumbling block at moment
Not sure what he spent on everyone else's but I'm told isaacs is valued at around £3m for 10% but he wants £10m so 50% at £4m takin him to 90% would mean he's spent a further £15m to own 90% of club taking total to around £21m to buy us out so far
We then owe him £80m so either way I can't see him converting unless he issues a massive amount of shares at low value once h fully owns club in order to make the club worth £110m which would effectively be what he is owed
I believe when he buys isaacs shares he will issue a large amount of shares to himself to convert the debt, this will devalue the share price but will make up for his conversion overall against his investment although like I day he will have to issue a silly amount of shares

However as the club is worth an est £100m now then he could do this but it's defo isaacs whose stopping this happen

So are there now only two shareholders of our club?