A forum for all things Cardiff City
Thu Apr 25, 2013 7:36 pm
I dont want this to come accross as a scare tactic post or anything like that, nothing to do with rebrand its just 100% to do with SKY Tele TXT. (yes i still use tele txt), i even watched crewe v cardiff in a fa cup tie on it once because i couldnt get my radio to work.
Anyways, I'm paraphraising but it stated that Tan said he would sell for an offer "too good to be true" or too good to refuse but that withstanding he was looking forward to next year in the premier. he then went on about being prudent in his spending.
I dont know why a journo or Tan would bring up selling the club when your champions and the money from the premier (or parachute) will wipe out the debt more or less.
I'm trying not to read too much into it as any businessman will always say everything has a price andthe likleyhood of an offer which Tan describes is not very good. I have always thought with the effort he is making in malaysia thats where he would try and make his money and not so much with cardiff but he still needed cardiff to do this and hence he would be in it for the long haul.
With all this in mind I wondered if he had transfered his loan into equity (shares) yet? sorry in advance if I missed it but I cant remember hearing anything.
if the club was sold on with the loan still in tact, he would get all his money back with interest? he could sell the club on the cheap (for a premier club)
if he transfers the loan into shares then in all likleyhood he will not get the money back for years and years but he would be the major shareholder and in effect it would be his club.
im hardly an expert as you can probably tell and I could be wrong but was just interest in your thoughts and if you had heard anything about the loan
I think it was connected it langston but really there is nothing stopping that getting paid now is there. yes its how much, and when, how many installments but they been at this for months and months.
for the record im not against the rebrand, sam, or tan im just for cardiff city
Thu Apr 25, 2013 7:46 pm
3 day old news. Said he'd sell for the right price, no one is about to bid for a club with the debt levels cardiff has.
Thu Apr 25, 2013 7:49 pm
but what about the langston loan and converting tan's loan into equity
sorry for the old news bit i.e tan qoute
Thu Apr 25, 2013 7:54 pm
Hopefully the Langston debt will be sorted out before the first Cardiff player kicks a ball in the Prem.
But who knows, part of me thinks i'll go to 2016. Both sides have a great opportunity to give Cardiff a clean slate and a fresh start in the Prem while maximising income to give them a better chance at staying in the Prem. But we've had it too good for one year for it not to end in tears.
Thu Apr 25, 2013 8:03 pm
It's a breath of fresh air that Tan is NOT knowledgeable about anything football. You do not get the politically correct answers that come with most football people.
You then end up with him honestly answering questions like, will you sell the club. Most if not all owners will sell their club if the price was right, they just would not say it in case it concerns anyone.
Obviously with this level of honesty comes some mistakes, like giving out the budget for next season.
He actually said "I think unless there is an offer too big to refuse, my plan is to stay on for a long time". He did not say just "the next year in the Premier League"
As for the equity, it's swings and roundabouts, he could cancel the debts then have a club that he could sell at full price or can only sell at a low price as any buyer would be aware of and have to take on the debts.
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