Forget Red v Blue - We're finished

Today's statement basically highlights that we're finished and can look forward to a future similar to Rangers and Pompey, regardless of what shirt colour we play in.

Vincent Tan is a venture capitalist, which means he invests money in businesses, normally at an attractive equity %, in the hope that it will bring a return within 5 years.

When Vincent Tan purchased 40% of our club for £6 million, I'm guessing it was sold to him on the premise that we'd be promoted within 3 years which would bring a windfall of £90 million by reaching the Premiership. When it didn't happen, the year Blackpool beat us in the playoffs, I believe the club went to him asking if he'd like to buy more equity, he said no, but offered to loan the club money instead, to help us get promoted.

When he bought his 40% of the club for £6 million, that effectively valued our club at a measley £15 million, in fact it's probably worth a lot less than that now because we no longer have any players worth any money.

As a result we are now saddled with a mind boggling £44.8 million loan, treble what our entire business is worth.

If I want to go out and buy a £600 Stone Island Jacket tomorrow, to be the best dressed man in the office, paydayloans.com will give me the money tomorrow to do it, but that doesn't make it a good idea.

The Malaysians giving Malky a record breaking transfer budget this season, is nothing more than another loan and what happens if we don't go up this season?

How many more loans are we going to get?

If Vincent Tan was serious about this club, he'd have converted his loan to shares by now, he hasn't even mentioned doing this in his statement.

I think we have some dark days ahead of us, Vincent Tan is effectively just a loan company where your credit don't matter.

Today's statement was damning...

Your only writing all that because the badge you designed was shit

Negative aleart, your one of these that just likes to put a damper down and everything. to me i cant see anything bad in the statement, they havent taken any money out of the club which me shows they dont want the debt to grow as much as it aready growing, min sam is payed off i think you will see a different and more football side to these malysians there giving us a better training ground and even making the ground bigger etc.

these are here for the long haul you will see

I'm one of the most positive people you'll meet, but I also have an interest in business and the numbers that go with them.

If the Malaysians are here for the long haul, why haven't they bought a majority stake in the club?

Why are they giving us loans, that they know full well we can't afford to pay back as a business?

It's not being negative mate, the numbers don't lie.

Truth is mate, they can't buy a majority stake in the club, because the moment they do, Sam/Langston will have them by the balls. Sam will admit that, it's no big secret, if Langston take it to court as they may do and win, again which they have a good chance of doing, then at the moment who is going to pay Langston, the club, trouble is the club have no money.
However we know VT has plenty of money, so iuf he does own a majority share, then he will land up with all the debts, that is why sorting out a deal with Sam/langston will need to be done before the Malaysians can swap any more of the debt to equity.

It's a bit of a catch 22 and I can't see how it get's sorted to be honest, I just hope they can come to an amicable agreement that is acceptable to both parties.

Negative aleart, your one of these that just likes to put a damper down and everything. to me i cant see anything bad in the statement, they havent taken any money out of the club which me shows they dont want the debt to grow as much as it aready growing, min sam is payed off i think you will see a different and more football side to these malysians there giving us a better training ground and even making the ground bigger etc.

these are here for the long haul you will see

I'm one of the most positive people you'll meet, but I also have an interest in business and the numbers that go with them.

If the Malaysians are here for the long haul, why haven't they bought a majority stake in the club?

Why are they giving us loans, that they know full well we can't afford to pay back as a business?

It's not being negative mate, the numbers don't lie.

Truth is mate, they can't buy a majority stake in the club, because the moment they do, Sam/Langston will have them by the balls. Sam will admit that, it's no big secret, if Langston take it to court as they may do and win, again which they have a good chance of doing, then at the moment who is going to pay Langston, the club, trouble is the club have no money.
However we know VT has plenty of money, so iuf he does own a majority share, then he will land up with all the debts, that is why sorting out a deal with Sam/langston will need to be done before the Malaysians can swap any more of the debt to equity.

It's a bit of a catch 22 and I can't see how it get's sorted to be honest, I just hope they can come to an amicable agreement that is acceptable to both parties.

On a tongue in cheek moment, if we are doomed I wouldn't be wasting anymore time on designs and merchandise.
By the way, like the badge, a bit to busy for a shirt badge, but make a great shiled type thing in my opinion.

Corrosive non sensical post. if they didnt come in we would be doing a rangers about now. prophets of doom. just wait and see. if it goes tits up, you can be happy then saying i told you so.

Quick question Gwyn, If Tan doesn't yet have full control of the club, who has authorised the change of colours and badge that many fans are unhappy with.... notice I said unhappy with rather than opposed to.... and why are they agreeing to it on what is basically a man's word.... isn't that a little unprofessional and shouldn't there have been something in writing to confirm definitive start dates for things like stadium expansion, training ground builds, and Langstone debts before they agreed to kowtow to Tan's Red vision?

Sorry if you don't know the answers Gwyn and I'm asking the wrong man, you're just better informed than me so thought you might be the man to ask....

Negative aleart, your one of these that just likes to put a damper down and everything. to me i cant see anything bad in the statement, they havent taken any money out of the club which me shows they dont want the debt to grow as much as it aready growing, min sam is payed off i think you will see a different and more football side to these malysians there giving us a better training ground and even making the ground bigger etc.

these are here for the long haul you will see

I'm one of the most positive people you'll meet, but I also have an interest in business and the numbers that go with them.

If the Malaysians are here for the long haul, why haven't they bought a majority stake in the club?

Why are they giving us loans, that they know full well we can't afford to pay back as a business?

It's not being negative mate, the numbers don't lie.

Truth is mate, they can't buy a majority stake in the club, because the moment they do, Sam/Langston will have them by the balls. Sam will admit that, it's no big secret, if Langston take it to court as they may do and win, again which they have a good chance of doing, then at the moment who is going to pay Langston, the club, trouble is the club have no money.
However we know VT has plenty of money, so iuf he does own a majority share, then he will land up with all the debts, that is why sorting out a deal with Sam/langston will need to be done before the Malaysians can swap any more of the debt to equity.

It's a bit of a catch 22 and I can't see how it get's sorted to be honest, I just hope they can come to an amicable agreement that is acceptable to both parties.

But being a shareholder doesn't make you liable for the debts. The company are liable for the debts not the owners.

If the company can't pay its debts it may go into admin/liquidation but the owners can't be made to pay.

Negative aleart, your one of these that just likes to put a damper down and everything. to me i cant see anything bad in the statement, they havent taken any money out of the club which me shows they dont want the debt to grow as much as it aready growing, min sam is payed off i think you will see a different and more football side to these malysians there giving us a better training ground and even making the ground bigger etc.

these are here for the long haul you will see

I'm one of the most positive people you'll meet, but I also have an interest in business and the numbers that go with them.

If the Malaysians are here for the long haul, why haven't they bought a majority stake in the club?

Why are they giving us loans, that they know full well we can't afford to pay back as a business?

It's not being negative mate, the numbers don't lie.

Truth is mate, they can't buy a majority stake in the club, because the moment they do, Sam/Langston will have them by the balls. Sam will admit that, it's no big secret, if Langston take it to court as they may do and win, again which they have a good chance of doing, then at the moment who is going to pay Langston, the club, trouble is the club have no money.
However we know VT has plenty of money, so iuf he does own a majority share, then he will land up with all the debts, that is why sorting out a deal with Sam/langston will need to be done before the Malaysians can swap any more of the debt to equity.

It's a bit of a catch 22 and I can't see how it get's sorted to be honest, I just hope they can come to an amicable agreement that is acceptable to both parties.

But being a shareholder doesn't make you liable for the debts. The company are liable for the debts not the owners.

If the company can't pay its debts it may go into admin/liquidation but the owners can't be made to pay.

Spot on.

Jst because Tan has a lot of personal wealth it wont mean the club will and CCFC is the only one liable for the debt.

The fact they havent converted more into shares makes no sense at all unless they want the interest to pile up before hand.

Quick question Gwyn, If Tan doesn't yet have full control of the club, who has authorised the change of colours and badge that many fans are unhappy with.... notice I said unhappy with rather than opposed to.... and why are they agreeing to it on what is basically a man's word.... isn't that a little unprofessional and shouldn't there have been something in writing to confirm definitive start dates for things like stadium expansion, training ground builds, and Langstone debts before they agreed to kowtow to Tan's Red vision?

Sorry if you don't know the answers Gwyn and I'm asking the wrong man, you're just better informed than me so thought you might be the man to ask....

Because there are other shareholders who obviously want to protect or even see their share holding value grow, are supporting these changes to give the majority needed, at the end of the day, like it or not, money talks and usualyy gets it's own way.