UPDATED Writ in the High Court issued today v Vincent Tan/C

So. Just guesswork then.
That's fine. It was presented as fact and that was a surprise. If it's just opinion then I'm not.

Here is the position as I see it.

Legally the debt is Owed by Cardiff City FC.

It's in the accounts . The money was loaned to CCFC and the payments have been made by CCFC ( thanks to the money Tan has loaned to the club ). It's CCFCs debt unfortunately

So the writ would be against Cardiff City FC in the first instance.

There may be a clause in the deal making Tan or one of his companies guarantor.
I very much doubt Tan would guarantee it personally, IF there is a guarantee then it will be via one of his companies.

More calculated.

It is pointless Langston doing a deal with CCFC without some guarantee. That guarantee can only be Tan.

Precisely ccfc have not got that sort of money! Any excess monies from parachute payments go to tan pay off debt! Hence cutbacks to balance books so giving more money to tan to pay his loan! So as I pointed out earlier in thread tan must be garauntor no other way it could be paid?

how do you know this that Cardiff city have no money ? They would only have none if tan asks for it back we will just only know the true situation when the accounts are released for the next two years

So. Just guesswork then.
That's fine. It was presented as fact and that was a surprise. If it's just opinion then I'm not.

Here is the position as I see it.

Legally the debt is Owed by Cardiff City FC.

It's in the accounts . The money was loaned to CCFC and the payments have been made by CCFC ( thanks to the money Tan has loaned to the club ). It's CCFCs debt unfortunately

So the writ would be against Cardiff City FC in the firstinstance.

There may be a clause in the deal making Tan or one of his companies guarantor.
I very much doubt Tan would guarantee it personally, IF there is a guarantee then it will be via one of his companies.

More calculated.

It is pointless Langston doing a deal with CCFC without some guarantee. That guarantee can only be Tan.

Precisely ccfc have not got that sort of money! Any excess monies from parachute payments go to tan pay off debt! Hence cutbacks to balance books so giving more money to tan to pay his loan! So as I pointed out earlier in thread tan must be garauntor no other way it could be paid?

how do you know this that Cardiff city have no money ? They would only have none if tan asks for it back we will just only know the true situation when the accounts are released for the next two years

Wez the club as not got kind money spare! May be making profit but don't forget tan is owed £130m?? Yes club paying the langston money but still there must be some sort of surety to safeguarded club from De faulting in future and being sued or liquidated for non payment! Tan as chosen not to pay, question is why?

So. Just guesswork then.
That's fine. It was presented as fact and that was a surprise. If it's just opinion then I'm not.

Here is the position as I see it.

Legally the debt is Owed by Cardiff City FC.

It's in the accounts . The money was loaned to CCFC and the payments have been made by CCFC ( thanks to the money Tan has loaned to the club ). It's CCFCs debt unfortunately

So the writ would be against Cardiff City FC in the firstinstance.

There may be a clause in the deal making Tan or one of his companies guarantor.
I very much doubt Tan would guarantee it personally, IF there is a guarantee then it will be via one of his companies.

More calculated.

It is pointless Langston doing a deal with CCFC without some guarantee. That guarantee can only be Tan.

Precisely ccfc have not got that sort of money! Any excess monies from parachute payments go to tan pay off debt! Hence cutbacks to balance books so giving more money to tan to pay his loan! So as I pointed out earlier in thread tan must be garauntor no other way it could be paid?

how do you know this that Cardiff city have no money ? They would only have none if tan asks for it back we will just only know the true situation when the accounts are released for the next two years

Wez the club as not got kind money spare! May be making profit but don't forget tan is owed £130m?? Yes club paying the langston money but still there must be some sort of surety to safeguarded club from De faulting in future and being sued or liquidated for non payment! Tan as chosen not to pay, question is why?

Allan, I am reliably told that Tan is no longer owed anywhere near £130m and that we should not confuse monies 'invested by Tan' with monies 'outstanding to Tan'

So. Just guesswork then.
That's fine. It was presented as fact and that was a surprise. If it's just opinion then I'm not.

Here is the position as I see it.

Legally the debt is Owed by Cardiff City FC.

It's in the accounts . The money was loaned to CCFC and the payments have been made by CCFC ( thanks to the money Tan has loaned to the club ). It's CCFCs debt unfortunately

So the writ would be against Cardiff City FC in the firstinstance.

There may be a clause in the deal making Tan or one of his companies guarantor.
I very much doubt Tan would guarantee it personally, IF there is a guarantee then it will be via one of his companies.

More calculated.

It is pointless Langston doing a deal with CCFC without some guarantee. That guarantee can only be Tan.

Precisely ccfc have not got that sort of money! Any excess monies from parachute payments go to tan pay off debt! Hence cutbacks to balance books so giving more money to tan to pay his loan! So as I pointed out earlier in thread tan must be garauntor no other way it could be paid?

how do you know this that Cardiff city have no money ? They would only have none if tan asks for it back we will just only know the true situation when the accounts are released for the next two years

Wez the club as not got kind money spare! May be making profit but don't forget tan is owed £130m?? Yes club paying the langston money but still there must be some sort of surety to safeguarded club from De faulting in future and being sued or liquidated for non payment! Tan as chosen not to pay, question is why?

Allan, I am reliably told that Tan is no longer owed anywhere near £130m and that we should not confuse monies 'invested by Tan' with monies 'outstanding to Tan'

I am sure he's paid 35 million for his shares ,this can't be classed as clyb owed money

Haha wez not long ago it was 170mill
I agree with you its under 130 by quite a bit I would think

And coming down all the time
pity the fans dont help
the more season tickets sold the more the debt would reduce

Haha wez not long ago it was 170mill
I agree with you its under 130 by quite a bit I would think

Was only 170 million said on here by people pissed off with the rebrand ,we won't know untill next year's accounts the true reflection after player sales and wage cuts this season but I think we are more cash rich now than in the last 15 years