" REASONS WHY VINCENT TAN WILL STAY WITH CITY "

Roger Johnson, Joe Ledley, Neil Alexander, Gunter , Ramsey,Whittingham, Loovens, Chopra etc etc

Roger Johnson, Joe Ledley, Neil Alexandar, Gunter , Ramsey,Whittingham, Loovens, Chopra etc etc

But you said £30 million!

So let me get this right;
We are being loaned money and not bankrolled is it Annis?
Our debt has gone from 20 to 70 million since they came in?
They had massive opportunity to get up this season for a few million in Jan and didn't?
And now I'm told we had 100 million that has now gone BEFORE we even had officially disclosed to us?

If that is the case, surely the longer we have VT the worse the debt will become?


This could end up like a monster Langston couldn't it? I was led to believe that debt would be converted into shares?
Who would buy a championship club losing what appears to be over £16 mill a year?
It could go two ways and there is no obvious decision until they actually decide.

All this is bollox. They could just as easily walk away.
I've just turned from purple back to blue - this is twisted to fuk.

We need some clarity. As fans we are owed at least some clarity by these speculators.
What the fuk is going on at my club????

Roger Johnson, Joe Ledley, Neil Alexandar, Gunter , Ramsey,Whittingham, Loovens, Chopra etc etc

But you said £30 million!

Just because some idiots later on let so of our players go for nothing, Stoke offered £6 mill for Ledley and thats a fact.

So let me get this right;
We are being loaned money and not bankrolled is it Annis?
Our debt has gone from 20 to 70 million since they came in?
They had massive opportunity to get up this season for a few million in Jan and didn't?
And now I'm told we had 100 million that has now gone BEFORE we even had officially disclosed to us?

If that is the case, surely the longer we have VT the worse the debt will become?


This could end up like a monster Langston couldn't it? I was led to believe that debt would be converted into shares?
Who would buy a championship club losing what appears to be over £16 mill a year?
It could go two ways and there is no obvious decision until they actually decide.

All this is bollox. They could just as easily walk away.
I've just turned from purple back to blue - this is twisted to fuk.

We need some clarity. As fans we are owed at least some clarity by these speculators.
What the fuk is going on at my club????

A year ago they agreed to turn this debt in to shares at the share holders meeting and they never, even though it was announced they would.
My opinion is they wont until the other debts are sorted first.

Roger Johnson, Joe Ledley, Neil Alexandar, Gunter , Ramsey,Whittingham, Loovens, Chopra etc etc

But you said £30 million!

Just because some idiots later on let so of our players go for nothing, Stoke offered £6 mill for Ledley and thats a fact.

We certainly made a mistake in not letting Joe go to Stoke and allowing him to run his contract down, but the players are only assets, if somebody wants to pay the asking price!

If we'd have had to sell all the players in one go when Sam jumped ship, we'd have got a pittance for most if not all of these players!

So let me get this right;
We are being loaned money and not bankrolled is it Annis?
Our debt has gone from 20 to 70 million since they came in?
They had massive opportunity to get up this season for a few million in Jan and didn't?
And now I'm told we had 100 million that has now gone BEFORE we even had officially disclosed to us?

If that is the case, surely the longer we have VT the worse the debt will become?


This could end up like a monster Langston couldn't it? I was led to believe that debt would be converted into shares?
Who would buy a championship club losing what appears to be over £16 mill a year?
It could go two ways and there is no obvious decision until they actually decide.

All this is bollox. They could just as easily walk away.
I've just turned from purple back to blue - this is twisted to fuk.

We need some clarity. As fans we are owed at least some clarity by these speculators.
What the fuk is going on at my club????

A year ago they agreed to turn this debt in to shares at the share holders meeting and they never, even though it was announced they would.
My opinion is they wont until the other debts are sorted first.

Totally agree with Annis here.

It seemed PMG decided not to convert shares as agreed so Tan couldn't either without breaking the 49% which he would have been stupid to do, making himself accountable for all the debts.

So let me get this right;
We are being loaned money and not bankrolled is it Annis?
Our debt has gone from 20 to 70 million since they came in?
They had massive opportunity to get up this season for a few million in Jan and didn't?
And now I'm told we had 100 million that has now gone BEFORE we even had officially disclosed to us?

If that is the case, surely the longer we have VT the worse the debt will become?


This could end up like a monster Langston couldn't it? I was led to believe that debt would be converted into shares?
Who would buy a championship club losing what appears to be over £16 mill a year?
It could go two ways and there is no obvious decision until they actually decide.

All this is bollox. They could just as easily walk away.
I've just turned from purple back to blue - this is twisted to fuk.

We need some clarity. As fans we are owed at least some clarity by these speculators.
What the fuk is going on at my club????

A year ago they agreed to turn this debt in to shares at the share holders meeting and they never, even though it was announced they would.
My opinion is they wont until the other debts are sorted first.

Totally agree with Annis here.

It seemed PMG decided not to convert shares as agreed so Tan couldn't either without breaking the 49% which he would have been stupid to do, making himself accountable for all the debts.

Spot on Luke.

So let me get this right;
We are being loaned money and not bankrolled is it Annis?
Our debt has gone from 20 to 70 million since they came in?
They had massive opportunity to get up this season for a few million in Jan and didn't?
And now I'm told we had 100 million that has now gone BEFORE we even had officially disclosed to us?

If that is the case, surely the longer we have VT the worse the debt will become?


This could end up like a monster Langston couldn't it? I was led to believe that debt would be converted into shares?
Who would buy a championship club losing what appears to be over £16 mill a year?
It could go two ways and there is no obvious decision until they actually decide.

All this is bollox. They could just as easily walk away.
I've just turned from purple back to blue - this is twisted to fuk.

We need some clarity. As fans we are owed at least some clarity by these speculators.
What the fuk is going on at my club????

A year ago they agreed to turn this debt in to shares at the share holders meeting and they never, even though it was announced they would.
My opinion is they wont until the other debts are sorted first.

Totally agree with Annis here.

It seemed PMG decided not to convert shares as agreed so Tan couldn't either without breaking the 49% which he would have been stupid to do, making himself accountable for all the debts.

Spot on Luke.

To be fair, I don't think anybody is disputing this fact and I believe that most of our fans have grasped the fact, that if they accrue a percentage of shares higher than 49%, that they become responsible for the total debt!

I also suspect, that most fans don't blame them for not taking on any more shares at this time, whilst the Langston debt at least, is still outstanding at it's current level!

How does the £70m break down in terms of who is owed what?

Roger Johnson, Joe Ledley, Neil Alexandar, Gunter , Ramsey,Whittingham, Loovens, Chopra etc etc

But you said £30 million!

Just because some idiots later on let so of our players go for nothing, Stoke offered £6 mill for Ledley and thats a fact.

We certainly made a mistake in not letting Joe go to Stoke and allowing him to run his contract down, but the players are only assets, if somebody wants to pay the asking price!

If we'd have had to sell all the players in one go when Sam jumped ship, we'd have got a pittance for most if not all of these players!

Ok, I can agree with you on some of that, but the so called debt then was £24 mill with all those players, now its £72 plus debt with the value a lot less, true ? In my opinion we are not any better off in the accounts, in fact a lot worse off ?

Thanks for some clarity Guys.

So PMG - have they got their fingers in the Blues too? If they have, they have got out of that lease and still have us over a barrel.

Where do these guys live????
Isn't that Mike Hall and co?
I can see where the term 'welshing on your deal" comes from.....

Roger Johnson, Joe Ledley, Neil Alexandar, Gunter , Ramsey,Whittingham, Loovens, Chopra etc etc

But you said £30 million!

Just because some idiots later on let so of our players go for nothing, Stoke offered £6 mill for Ledley and thats a fact.

We certainly made a mistake in not letting Joe go to Stoke and allowing him to run his contract down, but the players are only assets, if somebody wants to pay the asking price!

If we'd have had to sell all the players in one go when Sam jumped ship, we'd have got a pittance for most if not all of these players!

Ok, I can agree with you on some of that, but the so called debt then was £24 mill with all those players, now its £72 plus debt with the value a lot less, true ? In my opinion we are not any better off in the accounts, in fact a lot worse off ?

Again, I'd say that most fans would agree with your statement, but whilst Sam would have been unable to sustain the £24 million debt level with his assets, I think it's clear that VT has more than enough assets to sustain our current level of debt and it seems that he has/had a plan!

I think Mr Ridsdale has a lot to do with this debt.

Roger Johnson, Joe Ledley, Neil Alexandar, Gunter , Ramsey,Whittingham, Loovens, Chopra etc etc

But you said £30 million!

Just because some idiots later on let so of our players go for nothing, Stoke offered £6 mill for Ledley and thats a fact.

We certainly made a mistake in not letting Joe go to Stoke and allowing him to run his contract down, but the players are only assets, if somebody wants to pay the asking price!

If we'd have had to sell all the players in one go when Sam jumped ship, we'd have got a pittance for most if not all of these players!

Ok, I can agree with you on some of that, but the so called debt then was £24 mill with all those players, now its £72 plus debt with the value a lot less, true ? In my opinion we are not any better off in the accounts, in fact a lot worse off ?

Again, I'd say that most fans would agree with your statement, but whilst Sam would have been unable to sustain the £24 million debt level with his assets, I think it's clear that VT has more than enough assets to sustain our current level of debt and it seems that he has/had a plan!

So from what I'm gathering then - we are being run like a typical foreign backed premier league club - except we aint in the premier league.
Big season then????

I think Mr Ridsdale has a lot to do with this debt.

Sam and The Riddler certainly built it up and the Malaysians have now propped up the club for 2 years, which has again increased our debt level!

The Malaysians however, seem to have a business plan, which seems alien to the plans which Sam & Ridsdale had, in that theirs all hinged on achieving Premiership football at all costs!

I'm pretty certain that the new plan is also to achieve the same status, but not necessarily dependent on it and certainly not with the same foolhardiness of the previous regime(s)!

Bit harsh Eddie.

I guess VT had two choices, cut back and try to stay up.

Or invest in the team while trying to cut back off the field.

We have kept trying for promotion but rid ourselves of many money wasters, PR and his staff which all cost is, a manager who know doubt is on a lower wage. I believe a number of redundancies were made also.
Baring in mind the accounts are a year behind we can only expect to see a slight improvement next year then an improvement the following year.

Bit harsh Eddie.

I guess VT had two choices, cut back and try to stay up.

Or invest in the team while trying to cut back off the field.

We have kept trying for promotion but rid ourselves of many money wasters, PR and his staff which all cost is, a manager who know doubt is on a lower wage. I believe a number of redundancies were made also.
Baring in mind the accounts are a year behind we can only expect to see a slight improvement next year then an improvement the following year.

TBH, I think our club is being run far better than a lot of Premier league clubs at the moment, but the Malaysians have been stuck with a lot of historic debt, that was always going to get worse before it settled down a bit!

Unless the fact that DJ has now joined another club has changed things, we may still be paying him a wage until his year's notice is up as well!

Having read a lot of information about our debt and our current predicament.The one thing that is clear to me is that we just seem to be treading water at present.I put this down to the fact that whilst we owe large debts to the likes of Langstone, the Malaysians are somewhat stifled in what they can and cannot do. Once these debts are cleared then you will see big changes within short timescales which will see us take off as a club.We may have to be patient whilst the situation resolves itself and this may not happen before the start of the season but happen it will.

So let me get this right;
We are being loaned money and not bankrolled is it Annis?
Our debt has gone from 20 to 70 million since they came in?
They had massive opportunity to get up this season for a few million in Jan and didn't?
And now I'm told we had 100 million that has now gone BEFORE we even had officially disclosed to us?

If that is the case, surely the longer we have VT the worse the debt will become?


This could end up like a monster Langston couldn't it? I was led to believe that debt would be converted into shares?
Who would buy a championship club losing what appears to be over £16 mill a year?
It could go two ways and there is no obvious decision until they actually decide.

All this is bollox. They could just as easily walk away.
I've just turned from purple back to blue - this is twisted to fuk.

We need some clarity. As fans we are owed at least some clarity by these speculators.
What the fuk is going on at my club????

A year ago they agreed to turn this debt in to shares at the share holders meeting and they never, even though it was announced they would.
My opinion is they wont until the other debts are sorted first.

Course they wont convert their debt to equity, or PMG, until Langston is cleared. Langston is insecured so behind the secured debt. If they converted to equity they would be behind langston in their ability to reciver money if we went into admin. Would any sane person?

So let me get this right;
We are being loaned money and not bankrolled is it Annis?
Our debt has gone from 20 to 70 million since they came in?
They had massive opportunity to get up this season for a few million in Jan and didn't?
And now I'm told we had 100 million that has now gone BEFORE we even had officially disclosed to us?

If that is the case, surely the longer we have VT the worse the debt will become?


This could end up like a monster Langston couldn't it? I was led to believe that debt would be converted into shares?
Who would buy a championship club losing what appears to be over £16 mill a year?
It could go two ways and there is no obvious decision until they actually decide.

All this is bollox. They could just as easily walk away.
I've just turned from purple back to blue - this is twisted to fuk.

We need some clarity. As fans we are owed at least some clarity by these speculators.
What the fuk is going on at my club????

A year ago they agreed to turn this debt in to shares at the share holders meeting and they never, even though it was announced they would.
My opinion is they wont until the other debts are sorted first.

Totally agree with Annis here.

It seemed PMG decided not to convert shares as agreed so Tan couldn't either without breaking the 49% which he would have been stupid to do, making himself accountable for all the debts.

Spot on Luke.

But its not "spot on " at all Annis.

For all the faults they may have , it wasn`t PMG who decided not to convert their debt into shares. The club was at fault in not taking up the option , as they admitted as far back as December last year. The quote was "the conversion option was not exercised as the necessary repayments were not made rendering the loan in default".

Keith

Out of this £70 million, isn't Sam owed £24m? but willing to accept £10m?

This would then bring the overall debt down to £46m of which we are led to believe that VT is owed £40m

If that is the case then it makes perfect sense to pay off Sam at £10m. So what is stopping them?

Is it that they also need an agreement from PMG to buy out there shares and debt, before committing to Sam?

This training camp exercise in Switzerland, who is footing the bill for this as Im damn sure that CCFC are not in the position to pay for it. Its reputed to being one of the most expensive sporting camps in the world........?

This training camp exercise in Switzerland, who is footing the bill for this as Im damn sure that CCFC are not in the position to pay for it. Its reputed to being one of the most expensive sporting camps in the world........?

The same people who are paying everything else VT with 7% apr i gues rich. to me it does not make any sence one min we are told the club might not last two weeks without the rebrand after the meetings due to money being leaked out and the next supposed 5million pound bids going in along with other names linked to the club like a media gangbang. PR bullshit from the club i call it, as for the training camp well that says it all.

This training camp exercise in Switzerland, who is footing the bill for this as Im damn sure that CCFC are not in the position to pay for it. Its reputed to being one of the most expensive sporting camps in the world........?

I wondered about this. Surely a skint club with no investment would be training on Barry Island beach.

The only thing that's clear is that the fans have no idea what is going on or what the future holds.

Hopefully Malky knows the owners plans and he's happy with it.

This training camp exercise in Switzerland, who is footing the bill for this as Im damn sure that CCFC are not in the position to pay for it. Its reputed to being one of the most expensive sporting camps in the world........?

I wondered about this. Surely a skint club with no investment would be training on Barry Island beach.

The only thing that's clear is that the fans have no idea what is going on or what the future holds.

Hopefully Malky knows the owners plans and he's happy with it.

Exactly, I see it as business as usual.

Out of this £70 million, isn't Sam owed £24m? but willing to accept £10m?

This would then bring the overall debt down to £46m of which we are led to believe that VT is owed £40m

If that is the case then it makes perfect sense to pay off Sam at £10m. So what is stopping them?

Is it that they also need an agreement from PMG to buy out there shares and debt, before committing to Sam?

If I am honest the debt is nearer £80 mill than £70 mill and yes your right the debt would come right down if the VT/TG paid the £10 mill of in one go to Sam. The club needs to sort out its monthly loses now as well.

Exactly he and TG are staying, they have fallen in love I saw it in their eyes at the Palace Game !!!

I reckon like others they are sounding us out on the rebranding and seeing how far they can go and how quickly .....

Half of it will go through this year and the rest steadily in the seasons to come IMO...

After the Leeds game when the players were doing their lap of honour TG & VT were quietly walking behind them. As they came past the Ninian Stand they got a big ovasion as fans cheered and applauded them.

You could quite clearly see the huge smiles on their faces and they loved every minute of it, so actually I believe you are correct in what you say.

So let me get this right;
We are being loaned money and not bankrolled is it Annis?
Our debt has gone from 20 to 70 million since they came in?
They had massive opportunity to get up this season for a few million in Jan and didn't?
And now I'm told we had 100 million that has now gone BEFORE we even had officially disclosed to us?

If that is the case, surely the longer we have VT the worse the debt will become?


This could end up like a monster Langston couldn't it? I was led to believe that debt would be converted into shares?
Who would buy a championship club losing what appears to be over £16 mill a year?
It could go two ways and there is no obvious decision until they actually decide.

All this is bollox. They could just as easily walk away.
I've just turned from purple back to blue - this is twisted to fuk.

We need some clarity. As fans we are owed at least some clarity by these speculators.
What the fuk is going on at my club????

A year ago they agreed to turn this debt in to shares at the share holders meeting and they never, even though it was announced they would.
My opinion is they wont until the other debts are sorted first.

Totally agree with Annis here.

It seemed PMG decided not to convert shares as agreed so Tan couldn't either without breaking the 49% which he would have been stupid to do, making himself accountable for all the debts.

Spot on Luke.

But its not "spot on " at all Annis.

For all the faults they may have , it wasn`t PMG who decided not to convert their debt into shares. The club was at fault in not taking up the option , as they admitted as far back as December last year. The quote was "the conversion option was not exercised as the necessary repayments were not made rendering the loan in default".

Keith

Interesting but I guess the same applies in Tan not converting further shares because they dont want to go over the 49%

Out of this £70 million, isn't Sam owed £24m? but willing to accept £10m?

This would then bring the overall debt down to £46m of which we are led to believe that VT is owed £40m

If that is the case then it makes perfect sense to pay off Sam at £10m. So what is stopping them?

Is it that they also need an agreement from PMG to buy out there shares and debt, before committing to Sam?

If I am honest the debt is nearer £80 mill than £70 mill and yes your right the debt would come right down if the VT/TG paid the £10 mill of in one go to Sam. The club needs to sort out its monthly loses now as well.

Annis they have a chance to do this now with the likes of Naylor and Quinn going, if they can rid of the club of other poor signings like Parkin, Keinan, Gerrard, Earnie that would go along way to helping the matter. Sell Witts as well and we could prob break even next season.

However it would mean most likely mean little chance of promotion