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Re: " REASONS WHY VINCENT TAN WILL STAY WITH CITY "

Thu May 31, 2012 4:44 pm

Forever Blue wrote:
TheMortgageAdvisor wrote: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

Re: " REASONS WHY VINCENT TAN WILL STAY WITH CITY "

Fri Jun 01, 2012 12:48 pm

My dear carlccfc can you just remind me of what your position is regarding the rebranding of our club??