UPDATED ' VINCENT TAN TODAY ' UPDATED

The Malaysian businessman completed his takeover of Cardiff in May 2010, but the Bluebirds are over £100million in debt and are currently working under a transfer embargo.

Tan told a Q&A session with supporters at the Cardiff City Stadium that he plans to convert £68m of the club's debt into equity while writing off a further £10m.

The 63-year-old said he wrote off £13m last season and turned £3m into equity to leave Cardiff £40m in debt to him.

Under the Football League's Financial Fair Play rules a club can convert a maximum amount of £8m of debt into equity in a single financial year, and Tan says he will do that for the next five years.


If he can only convert a max of £8million of debt into equity under Financial Fair Play rules per year how can he convert £68 million this year. There must be an explanation, anyone know?

we are already under the embargo ?

So will it effect us next season or in the summer then Wez? I say that because I take it that it'd be in this financial year's figures so surely it will put us under an embargo either in the summer or this time next year.

So will it effect us next season or in the summer then Wez? I say that because I take it that it'd be in this financial year's figures so surely it will put us under an embargo either in the summer or this time next year.

I was asking a question too really I don't know it could be coz of the embargo but then why not convert all

Yer, must admit I don't really understand all the ins and outs of FFP just confuse's me how we can convert such a large sum and it not affect us under the rules somewhere down the line. Hopefully ccfcsince62 will understand the rules far better and be able to enlighten me.

Yer, must admit I don't really understand all the ins and outs of FFP just confuse's me how we can convert such a large sum and it not affect us under the rules somewhere down the line. Hopefully ccfc62 will understand the rules far better and be able to enlighten me.

I've just read Keith reason and it's better over 5 years for ffp as it will show in thecaccounts as profit it's on the top thread of the board

Well you can't argue with that, can you, Tan finally comes good, so now let's get some bums on seats and really go for the Play Offs

Cardiff owner Vincent Tan says he will reduce the Sky Bet Championship club's debt by more than half in his bid to ensure it is debt-free by 2021.

The Malaysian businessman completed his takeover of Cardiff in May 2010, but the Bluebirds are over £100million in debt and are currently working under a transfer embargo.

Tan told a Q&A session with supporters at the Cardiff City Stadium that he plans to convert £68m of the club's debt into equity while writing off a further £10m.

The 63-year-old said he wrote off £13m last season and turned £3m into equity to leave Cardiff £40m in debt to him.

Under the Football League's Financial Fair Play rules a club can convert a maximum amount of £8m of debt into equity in a single financial year, and Tan says he will do that for the next five years.

"Because we have recently reached agreement with one of the club's long-standing creditors, we are in a better position to convert our loans into equity," Tan was reported as saying by BBC Wales.

Tan was referring to the recent settlement with the club's long-standing creditor Langston, a Panama-based company owned by former Cardiff owner Sam Hammam.

Following relegation from the Barclays Premier League in 2014, Cardiff's debt had reportedly reached £174m at the end of the financial year with most owed to Tan.

Tan caused controversy at Cardiff when he changed the club's kit from blue to red in 2012 and resisted pressure from fans to change it back until January 2015.

He has not attended a game at the Cardiff City Stadium for over 12 months and Saturday's league trip to Charlton will only be the second occasion he has seen the club play in person in that time.

But that did not prevent Tan from handing out advice to the Cardiff players when he paid a visit to the club's training ground on Thursday morning.

"I gave them a pep talk and said they have got to start shooting," Tan was quoted as telling supporters by WalesOnline.

"In every match I want to see 30 or 40 attempts on goal, at least. Just shoot from 25, 30 yards, I told them.

"What's the point of passing, passing, passing and hoping to get in the box that way?

"Unless you're Lionel Messi looking for a tap in, it's not going to work.

"I watch every Cardiff match and I told them 'You guys have no confidence'.

"They get the ball and it seems to be like a hot potato. Pass it to somebody else straight away. You must see that, because I do.

"The law of averages says the more you shoot, the more you'll score. If you shoot 30 times you'll get three goals, 40 times will be four goals, 50 times and you'll get five goals."

Where the f**k is this from? Half of it is legit and half from a piss take article posted on here.

Please tell me this isn't copied and pasted from a genuine sports site????

Which bit do you think is not "legit"?
All the bits about what was said to players in training were actually said by VT at today's meeting

Absolutely spot on, well done VT and thank you. What has been said puts it all into perspective. Its time you started attended games and mixing it with the fan. If not you can go because Owners should attend games and not stay away he way you do.

:ayatollah: UPDATED

Vincent Tan Today

Sky News / BBC News

Thursday 11th Feb 2016

Cardiff owner Vincent Tan reduces club’s debt by more than half as he is converting £68m of debt into equity and writing off another £10m.

Cardiff owner Vincent Tan to convert £8m of remaining £40m debt into equity every year so club is debt free by 2021.



Vincent Tan has revealed he will convert £68m owed to him into equity immediately as he pledged Cardiff City will be debt-free in five years.

Tan was in Cardiff to make the announcement at a Q&A with supporters at the Cardiff City Stadium.

There, he told fans he has agreed to convert with immediate effect £68m of debt to equity.


He revealed he has also agreed to write-off a further £10m, that last season he wrote-off £13m and also converted £3m of debt into equity.

Those developments will leave the Bluebirds with an overall debt of £40m and Tan pledged that he will convert £8m of that from debt into equity every year forthwith.

The structured plan will mean that in five years the Bluebirds will be debt-free.

Financial Fair Play rules dictate that £8m is maximum debt a club can convert into equity in a single financial year.

if the naximum is £8 million per financial year , how can he do £68 million in one go now ??? Very puzzling







Vincent Tan arriving at Cardiff City Stadium for fans meeting. Wearing blue as well

Meeting at 1pm today