Administration - Private Messages

Been having a few PM's recently from posters wanting to pick my brains regarding administration and the chances of Tan placing you in such a predicament. So thought it better to make a thread as there is a lot of confusion out there regarding the subject.

The answer - zero.

Administration is the process where a third party gets ordered to come into the club and forcibly sell the clubs assets at a price he/she deems acceptable (will be significantly less than market value) and then divide it up amongst creditors.

Tan doesnt need a special order to forcibly sell assets - he can sell whatever he likes anyway and at a price he wants and not a price dictated by a third party. It will not happen i can assure you.

As for tan folding you... What is the point in that? If he does that then it doesnt make him any extra money and in fact renders his shares null and void so will lose millions as a result for no reason what so ever.

The result of forcing Tan out will simply be new owners, debt free with minimal to no assets playing or otherwise to the clubs name.

Loads of people been saying "tan will take is into admin" or "tan will fold us" and its all just nonsense, think about it.

i think might fold the club has been used...not will fold the club............your the only person that deals with unknowns as facts JUST because you say them..............the point in him folding?.. he is a billionaire, once in his mind its done/over.. its likely he wont really want to be hanging around for long.or care to much about the club..yes he would lose out, and this makes no sense at all in text books and equations....but life and business isnt all about text books that students read......real life is where the authors of the books get the equations and ideas from in the 1st place..............
the quote..simply be new owners.....yes page 4,chapter 3 of business for beginners ..very much sums up how ACCURATE this post is.........owners grow on the trees that salmon live in............

lets saY tan rakes back 30 million in player assets, 23 million from the parachute payments, and converts 50 million from debt to equity like hes now saying, thats (lets call it) 100 million off what we owe him.

So, we get to like, xmas, and Tan is owed 50 million by the club (at this point of course it would be higher, as i imagine he is constatly ploughing money into the club.

So unless he sells the club for circa 50 million we are still going to owe him a shed load of money right?

150 million is, just about managable (assuming he does eventually convert some of the debt) we would need to get rid of a significant amount of players who are the top earners (caulker, bellamy, jones, medel, mutch, marshall, fabio), that, along with the 23 million should significantly reduce the figure, but i cant see anyway that Tan leaves the club and we are then debt free immediately.

A debt free club is worth a lot more than a club that owes £50 million.

I could probably see a deal being struck between buyer and Tan to increase the selling price and eradicate the debt. Maybe even incorperate a sponsorship deal with it too.

If tan wants to sell then the debt of the club will have to be minimal and that is within his interests to do. But with future parachute payments you will have a foundation. But the longer he stays, the more of the parachute payments get wasted.

right, but any new guy coming in to buy the club is just going loan the money to buy the club against the club (like United?) meaning likely interest on the payments too.

i cant see a way we can be debt free in 12 months if Tan leaves, which isnt a bad thing anyway so long as the debt is less.

one thing thats important whatever happens, is that the club is run sensibly starting from now, and for me that means selling a load of players and using the money to clear a large chunk of what we owe

No, i very much doubt you can buy a club with loans placed against a club you don't own yet. The club cannot be liable for a transaction of sale between owners.

Tan needs to leave soon. The longer he stays the harder it will be to clean up as the parachute money will be whittled away.

For example if he was to leave in the coming months. He would keep parachute payments, sell players, keep ticket money, set up sponsorships, sell training ground (or keep and lease), sell shares and hold a small amount of debt over the club for future payment, maybe even wiping the debt for a non controlling % of the club where he may receive dividends in the future.

I cant see the club being in much if any debt once he leaves. But it will literally have nothing.

Anyway must dash, check back tomorrow.

Thought the glaziers had loans against the club to purchase united.

Been having a few PM's recently from posters wanting to pick my brains regarding administration and the chances of Tan placing you in such a predicament. So thought it better to make a thread as there is a lot of confusion out there regarding the subject.

The answer - zero.

Administration is the process where a third party gets ordered to come into the club and forcibly sell the clubs assets at a price he/she deems acceptable (will be significantly less than market value) and then divide it up amongst creditors.

Tan doesnt need a special order to forcibly sell assets - he can sell whatever he likes anyway and at a price he wants and not a price dictated by a third party. It will not happen i can assure you.

As for tan folding you... What is the point in that? If he does that then it doesnt make him any extra money and in fact renders his shares null and void so will lose millions as a result for no reason what so ever.

The result of forcing Tan out will simply be new owners, debt free with minimal to no assets playing or otherwise to the clubs name.

Loads of people been saying "tan will take is into admin" or "tan will fold us" and its all just nonsense, think about it.

i think might fold the club has been used...not will fold the club............your the only person that deals with unknowns as facts JUST because you say them..............the point in him folding?.. he is a billionaire, once in his mind its done/over.. its likely he wont really want to be hanging around for long.or care to much about the club..yes he would lose out, and this makes no sense at all in text books and equations....but life and business isnt all about text books that students read......real life is where the authors of the books get the equations and ideas from in the 1st place..............
the quote..simply be new owners.....yes page 4,chapter 3 of business for beginners ..very much sums up how ACCURATE this post is.........owners grow on the trees that salmon live in............

If he folds the club he cant sell his shares.

He doesnt become a billionaire by throwing away tens of millions for no reason what so ever.

Again you are attacking perfect sense with utter nonsense

Administration is the process where a third party gets ordered to come into the club and forcibly sell the clubs assets at a price he/she deems acceptable (will be significantly less than market value) and then divide it up amongst creditors.

Utter bollocks.


Administration is a legal process in which "The Administrator" runs a business as a going concern whilst options are sought i.e. a buyer.

Not bollocks at all young man. The club runs insolvent, 189% of income was wages in the championship. Will be even greater this year.

If an administrator came in then his first task is to stabilise the club, that means selling players and paying off the debts otherwise the club folds, simple as that.

Oh...

More bollocks.

There are options other than selling everything that isn't nailed down and as a Jack you should understand that. One option is CVA, you know that 11p in the £ the creditors of the jacks had back in 2002.

Don't forget the football creditors rule as well there a far more options for football clubs in administration that selling everything that isn't nailed down.

so how else you going to raise £150m then brightspark? You reckon the administrator will raid the tills of the club shop to buy lottery tickets?

A CVA is not an option though is it, tan is pretty much your sole creditor.

Next....

Been having a few PM's recently from posters wanting to pick my brains regarding administration and the chances of Tan placing you in such a predicament. So thought it better to make a thread as there is a lot of confusion out there regarding the subject.

The answer - zero.

Administration is the process where a third party gets ordered to come into the club and forcibly sell the clubs assets at a price he/she deems acceptable (will be significantly less than market value) and then divide it up amongst creditors.

Tan doesnt need a special order to forcibly sell assets - he can sell whatever he likes anyway and at a price he wants and not a price dictated by a third party. It will not happen i can assure you.

As for tan folding you... What is the point in that? If he does that then it doesnt make him any extra money and in fact renders his shares null and void so will lose millions as a result for no reason what so ever.

The result of forcing Tan out will simply be new owners, debt free with minimal to no assets playing or otherwise to the clubs name.

Loads of people been saying "tan will take is into admin" or "tan will fold us" and its all just nonsense, think about it.

i think might fold the club has been used...not will fold the club............your the only person that deals with unknowns as facts JUST because you say them..............the point in him folding?.. he is a billionaire, once in his mind its done/over.. its likely he wont really want to be hanging around for long.or care to much about the club..yes he would lose out, and this makes no sense at all in text books and equations....but life and business isnt all about text books that students read......real life is where the authors of the books get the equations and ideas from in the 1st place..............
the quote..simply be new owners.....yes page 4,chapter 3 of business for beginners ..very much sums up how ACCURATE this post is.........owners grow on the trees that salmon live in............

If he folds the club he cant sell his shares.

He doesnt become a billionaire by throwing away tens of millions for no reason what so ever.

Again you are attacking perfect sense with utter nonsense

forget shares..he needs to sell the whole club, not a portion of it..especially if he already liquidated most of the valuable assets...........finding a buyer would obviously be the key, and like i said,they dont grow on trees......if a search for a buyer was fruitless why would he hold out?......sometimes taking the loss is worth the peace of mind......books and equations dont tell you that, books dont get called a wanker 20 times a week............
but im not saying what WILL happen,just what COULD happen..........thats the difference between sense and non sense......non sense is deciding that you know everything,including his and his families feelings towards the club,and how much a profit or break even actually matter to him...........its what real business men do, look at both the up side and down.
page9 chapter 12 business for beginners........

Administration is the process where a third party gets ordered to come into the club and forcibly sell the clubs assets at a price he/she deems acceptable (will be significantly less than market value) and then divide it up amongst creditors.

Utter bollocks.


Administration is a legal process in which "The Administrator" runs a business as a going concern whilst options are sought i.e. a buyer.

Not bollocks at all young man. The club runs insolvent, 189% of income was wages in the championship. Will be even greater this year.

If an administrator came in then his first task is to stabilise the club, that means selling players and paying off the debts otherwise the club folds, simple as that.

Oh...

More bollocks.

There are options other than selling everything that isn't nailed down and as a Jack you should understand that. One option is CVA, you know that 11p in the £ the creditors of the jacks had back in 2002.

Don't forget the football creditors rule as well there a far more options for football clubs in administration that selling everything that isn't nailed down.

so how else you going to raise £150m then brightspark? You reckon the administrator will raid the tills of the club shop to buy lottery tickets?

A CVA is not an option though is it, tan is pretty much your sole creditor.

Next....

im not arguing this part. you can not go into admin if both the parties are the same person.......apart from anything else its pointless..he can sell whatever he wants whenever he wants and pay lumps off the debt owed to himself and get better value than an admin......

Been having a few PM's recently from posters wanting to pick my brains regarding administration and the chances of Tan placing you in such a predicament. So thought it better to make a thread as there is a lot of confusion out there regarding the subject.

The answer - zero.

Administration is the process where a third party gets ordered to come into the club and forcibly sell the clubs assets at a price he/she deems acceptable (will be significantly less than market value) and then divide it up amongst creditors.

Tan doesnt need a special order to forcibly sell assets - he can sell whatever he likes anyway and at a price he wants and not a price dictated by a third party. It will not happen i can assure you.

As for tan folding you... What is the point in that? If he does that then it doesnt make him any extra money and in fact renders his shares null and void so will lose millions as a result for no reason what so ever.

The result of forcing Tan out will simply be new owners, debt free with minimal to no assets playing or otherwise to the clubs name.

Loads of people been saying "tan will take is into admin" or "tan will fold us" and its all just nonsense, think about it.

i think might fold the club has been used...not will fold the club............your the only person that deals with unknowns as facts JUST because you say them..............the point in him folding?.. he is a billionaire, once in his mind its done/over.. its likely he wont really want to be hanging around for long.or care to much about the club..yes he would lose out, and this makes no sense at all in text books and equations....but life and business isnt all about text books that students read......real life is where the authors of the books get the equations and ideas from in the 1st place..............
the quote..simply be new owners.....yes page 4,chapter 3 of business for beginners ..very much sums up how ACCURATE this post is.........owners grow on the trees that salmon live in............

If he folds the club he cant sell his shares.

He doesnt become a billionaire by throwing away tens of millions for no reason what so ever.

Again you are attacking perfect sense with utter nonsense

forget shares..he needs to sell the whole club, not a portion of it..especially if he already liquidated most of the valuable assets...........finding a buyer would obviously be the key, and like i said,they dont grow on trees......if a search for a buyer was fruitless why would he hold out?......sometimes taking the loss is worth the peace of mind......books and equations dont tell you that, books dont get called a wanker 20 times a week............
but im not saying what WILL happen,just what COULD happen..........thats the difference between sense and non sense......non sense is deciding that you know everything,including his and his families feelings towards the club,and how much a profit or break even actually matter to him...........its what real business men do, look at both the up side and down.
page9 chapter 12 business for beginners........

What do you mean?

By selling the club you sell the shares. Its that simple. A company like a football club in the championship with no debt will always sell if priced right, always.

Forget your books nonsense, thats just common sense

Been having a few PM's recently from posters wanting to pick my brains regarding administration and the chances of Tan placing you in such a predicament. So thought it better to make a thread as there is a lot of confusion out there regarding the subject.

The answer - zero.

Administration is the process where a third party gets ordered to come into the club and forcibly sell the clubs assets at a price he/she deems acceptable (will be significantly less than market value) and then divide it up amongst creditors.

Tan doesnt need a special order to forcibly sell assets - he can sell whatever he likes anyway and at a price he wants and not a price dictated by a third party. It will not happen i can assure you.

As for tan folding you... What is the point in that? If he does that then it doesnt make him any extra money and in fact renders his shares null and void so will lose millions as a result for no reason what so ever.

The result of forcing Tan out will simply be new owners, debt free with minimal to no assets playing or otherwise to the clubs name.

Loads of people been saying "tan will take is into admin" or "tan will fold us" and its all just nonsense, think about it.

i think might fold the club has been used...not will fold the club............your the only person that deals with unknowns as facts JUST because you say them..............the point in him folding?.. he is a billionaire, once in his mind its done/over.. its likely he wont really want to be hanging around for long.or care to much about the club..yes he would lose out, and this makes no sense at all in text books and equations....but life and business isnt all about text books that students read......real life is where the authors of the books get the equations and ideas from in the 1st place..............
the quote..simply be new owners.....yes page 4,chapter 3 of business for beginners ..very much sums up how ACCURATE this post is.........owners grow on the trees that salmon live in............

If he folds the club he cant sell his shares.

He doesnt become a billionaire by throwing away tens of millions for no reason what so ever.

Again you are attacking perfect sense with utter nonsense

forget shares..he needs to sell the whole club, not a portion of it..especially if he already liquidated most of the valuable assets...........finding a buyer would obviously be the key, and like i said,they dont grow on trees......if a search for a buyer was fruitless why would he hold out?......sometimes taking the loss is worth the peace of mind......books and equations dont tell you that, books dont get called a wanker 20 times a week............
but im not saying what WILL happen,just what COULD happen..........thats the difference between sense and non sense......non sense is deciding that you know everything,including his and his families feelings towards the club,and how much a profit or break even actually matter to him...........its what real business men do, look at both the up side and down.
page9 chapter 12 business for beginners........

What do you mean?

By selling the club you sell the shares. Its that simple. A company like a football club in the championship with no debt will always sell if priced right, always.

Forget your books nonsense, thats just common sense

IF priced right........you really dont know..or do i..or does anyone.....140mil was quoted to carl ,the figure will vary depending if and how much assets had gone...........so you dont know,just pretend to know because it suits your tan out because he is a threat,agenda.
the books nonsense is taking the p duh...........your posts are like text books,dont take into account anything other than maths.......business isnt pure.......you said the other day you were considering selling your property in cardiff.......considering?......the way you go on about business on here where does consider come into it?...surely it either is or isnt the time to sell........or is it rules for roath,different rules for the rest...

Been having a few PM's recently from posters wanting to pick my brains regarding administration and the chances of Tan placing you in such a predicament. So thought it better to make a thread as there is a lot of confusion out there regarding the subject.

The answer - zero.

Administration is the process where a third party gets ordered to come into the club and forcibly sell the clubs assets at a price he/she deems acceptable (will be significantly less than market value) and then divide it up amongst creditors.

Tan doesnt need a special order to forcibly sell assets - he can sell whatever he likes anyway and at a price he wants and not a price dictated by a third party. It will not happen i can assure you.

As for tan folding you... What is the point in that? If he does that then it doesnt make him any extra money and in fact renders his shares null and void so will lose millions as a result for no reason what so ever.

The result of forcing Tan out will simply be new owners, debt free with minimal to no assets playing or otherwise to the clubs name.

Loads of people been saying "tan will take is into admin" or "tan will fold us" and its all just nonsense, think about it.

Why do you believe TAN did not convert his loan into equity? Get real please

meek due to the fear some have regarding the consequences of him being forced out.

He cannot be forced out he is 80% shareholder!!

Why do you believe TAN did not convert his loan into equity? Get real please

He's said he won't be doing so. Keep up.

Why do you believe TAN did not convert his loan into equity? Get real please

He's said he won't be doing so. Keep up.

No he didnt. Dont be so ridiculous

No he didnt. Dont be so ridiculous

Tan has said he won't be converting all debt to equity, despite this being one of the main benefits of his ghastly rebrand.

As I said, keep up.

No he didnt. Dont be so ridiculous

Tan has said he won't be converting all debt to equity, despite this being one of the main benefits of his ghastly rebrand.

As I said, keep up.

There was the missing part Need to get it correct friend

There was the missing part Need to get it correct friend

So he won't be converting his loan to equity then, which is what I said at the beginning & also what was originally asked. Keep up.

There was the missing part Need to get it correct friend

So he won't be converting the debt to equity then, which is what I said at the beginning. Keep up.

No he didnt. Dont be so ridiculous Show me the quote he said that!

No he didnt. Dont be so ridiculous Show me the quote he said that!

Will Tan be turning his loan into equity? (This was the question asked). His loans add up,to over 150 million & he has said he will turn 50 million of that.

So the answer to the question is no, he won't be turning his loan into equity.

Keep up.

No he didnt. Dont be so ridiculous Show me the quote he said that!

Will Tan be turning his loan into equity? (This was the question asked). His loans add up,to over 150 million & he has said he will turn 50 million of that.

So the answer to the question is no, he won't be turning his loan into equity.

Keep up.

Are you drunk? Exactly, he will turn 50 mill. Not not turn them. When did he say he would turn loans to equity? Why dont just say that the first time? Odd fellow

Are you drunk? Exactly, he will turn 50 mill. Not not turn them. When did he say he would turn loans to equity? Why dont just say that the first time? Odd fellow

Yep, so he won't be turning his loan (150m) into equity.

Are you drunk? Exactly, he will turn 50 mill. Not not turn them. When did he say he would turn loans to equity? Why dont just say that the first time? Odd fellow

Yep, so he won't be turning his loan (150m) into equity.

When did he say he would? Odd fellow, all i heard was he was turning 50 mill, which was his promise in the first place.
And if he kick in 50, he kept his promise. Nobody said anything about 150. Circumstances change friend. One day your king, the next you are eating shirts.

When did he say he would? Odd fellow, all i heard was he was turning 50 mill, which was his promise in the first place.

Quote please? I don't recall him saying he would only service 50m of he debt...

When did he say he would? Odd fellow, all i heard was he was turning 50 mill, which was his promise in the first place.

Quote please? I don't recall him saying he would only service 50m of he debt...

Exactly, that ws what i was asking you If you find one saying he would turn 150 i will
But when he said he would, then the dept was 50, and if he put in 50 he is off clean. Logic not?

Exactly, that ws what i was asking you If you find one saying he would turn 150 i will
But when he said he would, then the dept was 50, and if he put in 50 he is off clean. Logic not?

No quote then? Thought not.. stop making things up.

I don't need to provide a quote as what he said is common knowledge... You, however, have bizarrely quoted him with some figure. you can't quote it, because you lied about it.

Exactly, that ws what i was asking you If you find one saying he would turn 150 i will
But when he said he would, then the dept was 50, and if he put in 50 he is off clean. Logic not?

No quote then? Thought not.. stop making things up.

You didnt find it? i didnt think so either. But put it up here when you do ok? Then you can call him a liar numbnut Please say you are drunk!

You didnt find it? i didnt think so either. But put it up here when you do ok? Then you can call him a liar numbnut

No need for me to find a quote, as it is common knowledge... You however, have made up some random quote... Which is why you cannot find one to back up your nonsense.

You didnt find it? i didnt think so either. But put it up here when you do ok? Then you can call him a liar numbnut

No need for me to find a quote, as it is common knowledge... You however, have made up some random quote... Which is why you cannot find one to back up your nonsense.

Back up what? i asked you remember Where is the quote of him putting in 150 mill? The common knowledge is that he said last week in an interview he would turn 50, which is what the dept was when he made the promise in the first place.
Are you suggesting he throw another 100 out the window? Circumstances have changed. Why do you run arround calling people liars when you dont understand half of it? Guess it is true, your legs is quicker than your mouth

Guess you have to pm Roathie again, sit down for a cup of tea, some shirt and discuss this more friend

Back up what?


Your silly suggestion that Tan promised to only convert 50 million at the time of the rebrand proposal...

all i heard was he was turning 50 mill, which was his promise in the first place.

Back this up with a quote.


i asked you remember Where is the quote of him putting in 150 mill?

its common knowledge that Tan said at the time of the rebrand that he would transfer his debt to equity.

The common knowledge is that he said last week in an interview he would turn 50, which is what the dept was when he made the promise in the first place.

again, you're making this up. Please back this up,with a quote stating he would only turn 50. AT THE TIME OF THE REBRAND PROPOSAL.

Are you suggesting he throw another 100 out the window? Circumstances have changed.

wait a minute, you were suggesting only a few sentences ago that Tan has always stuck to the same amount promised.... Now you are saying circumstances have changed? You're even confusing yourself. Bless.

Why do you run arround calling people liars when you dont understand half of it? Guess it is true, your legs is quicker than your mouth

well you've lied about 50million debt being an original promise for starters. I'm bored of putting you straight now.

Back up what?


Your silly suggestion that Tan promised to only convert 50 million at the time of the rebrand proposal...

all i heard was he was turning 50 mill, which was his promise in the first place.

Back this up with a quote.


i asked you remember Where is the quote of him putting in 150 mill?

its common knowledge that Tan said at the time of the rebrand that he would transfer his debt to equity.

The common knowledge is that he said last week in an interview he would turn 50, which is what the dept was when he made the promise in the first place.

again, you're making this up. Please back this up,with a quote stating he would only turn 50. AT THE TIME OF THE REBRAND PROPOSAL.

Are you suggesting he throw another 100 out the window? Circumstances have changed.

wait a minute, you were suggesting only a few sentences ago that Tan has always stuck to the same amount promised.... Now you are saying circumstances have changed? You're even confusing yourself. Bless.

Why do you run arround calling people liars when you dont understand half of it? Guess it is true, your legs is quicker than your mouth

well you've lied about 50million debt being an original promise for starters. I'm bored of putting you straight now.

You either dont follow the news, drunk or dumb as nut bowl. You really should get your facts straight before calling people liars

I really dont understand what is so difficoult

Back up what?


Your silly suggestion that Tan promised to only convert 50 million at the time of the rebrand proposal...

all i heard was he was turning 50 mill, which was his promise in the first place.

Back this up with a quote.
Sure http://www.walesonline.co.uk/sport/foot ... nt-7127908

i asked you remember Where is the quote of him putting in 150 mill?

its common knowledge that Tan said at the time of the rebrand that he would transfer his debt to equity.
Exactly. Remember the read or dead scare? But he was already invested in 50 mill of our dept?

The common knowledge is that he said last week in an interview he would turn 50, which is what the dept was when he made the promise in the first place.

again, you're making this up. Please back this up,with a quote stating he would only turn 50. AT THE TIME OF THE REBRAND PROPOSAL. Nope, read the link. And again, at the time the dept was? 50 mill

Are you suggesting he throw another 100 out the window? Circumstances have changed.

wait a minute, you were suggesting only a few sentences ago that Tan has always stuck to the same amount promised.... Now you are saying circumstances have changed? You're even confusing yourself. Bless. No im pretty sure im confusing you. The club had aquired another 100 mill in dept. He either get that straigt or sell, but why should he donate another 100? Now that would be stupid.

Why do you run arround calling people liars when you dont understand half of it? Guess it is true, your legs is quicker than your mouth

well you've lied about 50million debt being an original promise for starters. I'm bored of putting you straight now.

No i didnt. Dont be so ridiculous Im not blaming you for being tired at all friend But go find that quote i asked of him turning 150 mill