Cardiff City Forum



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Owned by a billionaire!

Thu Jul 11, 2013 8:42 pm

The budget given to Malky is £25 million anyone else think its not enough?

Re: Owned by a billionaire!

Thu Jul 11, 2013 8:46 pm

The way we are going we wil still have £17m left :old: :malky:

Re: Owned by a billionaire!

Thu Jul 11, 2013 8:46 pm

Malky will work to it and strengthen how he wants. I think it is :ayatollah:

Re: Owned by a billionaire!

Thu Jul 11, 2013 8:48 pm

No one outside the club knows for definite what transfer funds are available. That was a figure quoted straight after we gained promotion. Is that for the entire season? or for pre season and then another budget for January? I suppose only the owner/board know what realistic funds are going to be made available. I suppose a lot will depend on what targets MM finds, their purchase fee, and what potential sale fee could be reached in the future. It's all speculation.

With the bids made so far it appears as though there may be a bit more than that available.

Re: Owned by a billionaire!

Thu Jul 11, 2013 8:51 pm

bluebirds_CCFC wrote:The budget given to Malky is £25 million anyone else think its not enough?


Yes your right owned by a Billionaire, but rem Tan is still only lending us the money at 7% interest, I am still very wary of our huge debt and we need Tan first to turn this debt in to equity/shares and then make us Debt Free.

Very interesting question though.

Re: Owned by a billionaire!

Thu Jul 11, 2013 8:54 pm

Id love to see some great names to come to city, but i dunno if 17 million is enough to spend on atleast 3 more players. We lost out on Wanyama and i think he would have been a great playmaker for the team.

Re: Owned by a billionaire!

Thu Jul 11, 2013 8:55 pm

Tan wants to make a tidy profit. He has to spend money now, to accumulate In the future, we are a project to line his pockets,

Wait... Does that sound like a pitch for dragons den!? Imagine Borley and Malky pitching that one to Peter Jones et al!

Re: Owned by a billionaire!

Thu Jul 11, 2013 8:56 pm

Forever Blue wrote:
bluebirds_CCFC wrote:The budget given to Malky is £25 million anyone else think its not enough?


Yes your right owned by a Billionaire, but rem Tan is still only lending us the money at 7% interest, I am still very wary of our huge debt and we need Tan first to turn this debt in to equity/shares and then make us Debt Free.

Very interesting question though.


Ye your right i think debt is something that needs to be sorted :ayatollah:

Re: Owned by a billionaire!

Thu Jul 11, 2013 9:01 pm

It will be enough if we stay up. Simples

Re: Owned by a billionaire!

Thu Jul 11, 2013 9:03 pm

I think that he'll make a killing in the future off our academy/young signings! Maybe then he will convert his loan notes :D

Re: Owned by a billionaire!

Thu Jul 11, 2013 9:04 pm

Forever Blue wrote:
bluebirds_CCFC wrote:The budget given to Malky is £25 million anyone else think its not enough?


Yes your right owned by a Billionaire, but rem Tan is still only lending us the money at 7% interest, I am still very wary of our huge debt and we need Tan first to turn this debt in to equity/shares and then make us Debt Free.

Very interesting question though.


Not doing much different than what Sam did with loans and Al Fayad (spl) at Fulham.. Even the Glaziers owe millions at man utd and many others..
Annis how many clubs can you name in the football league that are debt free? excluding the ones who took the easy way out and went into Admin and shit on local busineses :D

Re: Owned by a billionaire!

Thu Jul 11, 2013 9:08 pm

Jinks wrote:
Forever Blue wrote:
bluebirds_CCFC wrote:The budget given to Malky is £25 million anyone else think its not enough?


Yes your right owned by a Billionaire, but rem Tan is still only lending us the money at 7% interest, I am still very wary of our huge debt and we need Tan first to turn this debt in to equity/shares and then make us Debt Free.

Very interesting question though.


Not doing much different than what Sam did with loans and Al Fayad (spl) at Fulham.. Even the Glaziers owe millions at man utd and many others..
Annis how many clubs can you name in the football league that are debt free? excluding the ones who took the easy way out and went into Admin and shit on local busineses :D




Hibernian are Ran on a Sound footing with strict wage structure...


Shit football, shit standard but they are not in any debt to my knowledge.

Re: Owned by a billionaire!

Thu Jul 11, 2013 9:22 pm

Jinks wrote:
Forever Blue wrote:
bluebirds_CCFC wrote:The budget given to Malky is £25 million anyone else think its not enough?


Yes your right owned by a Billionaire, but rem Tan is still only lending us the money at 7% interest, I am still very wary of our huge debt and we need Tan first to turn this debt in to equity/shares and then make us Debt Free.

Very interesting question though.


Not doing much different than what Sam did with loans and Al Fayad (spl) at Fulham.. Even the Glaziers owe millions at man utd and many others..
Annis how many clubs can you name in the football league that are debt free? excluding the ones who took the easy way out and went into Admin and shit on local busineses :D


Jinks, there are not many clubs debt free, I agree with you on that but we're £110 Mill in debt approx and Tan has been here a few years now,debt has risen vastly and one of the main reasons some accepted the Rebrand was a debt free club, honestly not a pick at Tan, just the truth.

Re: Owned by a billionaire!

Thu Jul 11, 2013 9:44 pm

Forever Blue wrote:
Jinks wrote:
Forever Blue wrote:
bluebirds_CCFC wrote:The budget given to Malky is £25 million anyone else think its not enough?


Yes your right owned by a Billionaire, but rem Tan is still only lending us the money at 7% interest, I am still very wary of our huge debt and we need Tan first to turn this debt in to equity/shares and then make us Debt Free.

Very interesting question though.


Not doing much different than what Sam did with loans and Al Fayad (spl) at Fulham.. Even the Glaziers owe millions at man utd and many others..
Annis how many clubs can you name in the football league that are debt free? excluding the ones who took the easy way out and went into Admin and shit on local busineses :D


Jinks, there are not many clubs debt free, I agree with you on that but we're £110 Mill in debt approx and Tan has been here a few years now,debt has risen vastly and one of the main reasons some accepted the Rebrand was a debt free club, honestly not a pick at Tan, just the truth.


^ Spot on Annis

People have short memories at this club. We've all bent over for Tan on the promise of 'debt to equity' and worn his red shirts to great embarrassment and ridicule.

It's ok being a billionaire, but a billionaire with deep pockets and short arms isn't what we need right now.

Re: Owned by a billionaire!

Thu Jul 11, 2013 10:09 pm

tan knows what he needs to spend? and what hes going to sell for, all done in advance. its not day to day living with tan :roll:

Re: Owned by a billionaire!

Thu Jul 11, 2013 10:22 pm

He is not going to do anything about debt to equity until Hammam is out of the way. That's taking some time longer because of Hammam's stubbornness. The loan notes are unsecured, everyone seems to forget that. There is no legally binding enforcement behind them. Tan can effectively starve Hammam into a deal if he so chooses and there is nothing that Sam can do about it. Nothing at all. Either Hammam deals on Tans terms or Hammam (and us) have to wait.

Re: Owned by a billionaire!

Thu Jul 11, 2013 10:31 pm

HandyLegs wrote:
Forever Blue wrote:
Jinks wrote:
Forever Blue wrote:
bluebirds_CCFC wrote:The budget given to Malky is £25 million anyone else think its not enough?


Yes your right owned by a Billionaire, but rem Tan is still only lending us the money at 7% interest, I am still very wary of our huge debt and we need Tan first to turn this debt in to equity/shares and then make us Debt Free.

Very interesting question though.


Not doing much different than what Sam did with loans and Al Fayad (spl) at Fulham.. Even the Glaziers owe millions at man utd and many others..
Annis how many clubs can you name in the football league that are debt free? excluding the ones who took the easy way out and went into Admin and shit on local busineses :D


Jinks, there are not many clubs debt free, I agree with you on that but we're £110 Mill in debt approx and Tan has been here a few years now,debt has risen vastly and one of the main reasons some accepted the Rebrand was a debt free club, honestly not a pick at Tan, just the truth.


^ Spot on Annis

People have short memories at this club. We've all bent over for Tan on the promise of 'debt to equity' and worn his red shirts to great embarrassment and ridicule.

It's ok being a billionaire, but a billionaire with deep pockets and short arms isn't what we need right now.


The way i read this in a purely business sense is: Debt to equity OR loans. Either way Tan has Cardiff City by the
short and curlys. Also he never ONCE promised to turn debt to equity, it was an option he was looking into, one
of a few i'd imagine. Serious now. £100m loan or Tan OWNING £100m worth of Cardiff City? if he decides to up
and leave we're fucked either way. I think this is suddenly being brought up again by a ''new poster'' out of the blue :?
....is because of the tenuous link between Sam Hammam/Langstone and debt to equity. There was NEVER a promise
to turn debt to equity once Hammam gets his blood money. Funny how here we go again cos it looks like Tan is
f*cking him about again. Or am i just a cynic? :lol:

Re: Owned by a billionaire!

Thu Jul 11, 2013 10:42 pm

Forever Blue wrote:
bluebirds_CCFC wrote:The budget given to Malky is £25 million anyone else think its not enough?


Yes your right owned by a Billionaire, but rem Tan is still only lending us the money at 7% interest, I am still very wary of our huge debt and we need Tan first to turn this debt in to equity/shares and then make us Debt Free.

Very interesting question though.


^ now I can see why its been made a sticky, just another chance to have a swipe and create a negative view of Tan. Is this because of the hiding Sam and Carl took last week and just a chance to create doubt in VT for future gain.

Re: Owned by a billionaire!

Thu Jul 11, 2013 11:00 pm

Natman Blue wrote:
Forever Blue wrote:
bluebirds_CCFC wrote:The budget given to Malky is £25 million anyone else think its not enough?


Yes your right owned by a Billionaire, but rem Tan is still only lending us the money at 7% interest, I am still very wary of our huge debt and we need Tan first to turn this debt in to equity/shares and then make us Debt Free.

Very interesting question though.


^ now I can see why its been made a sticky, just another chance to have a swipe and create a negative view of Tan. Is this because of the hiding Sam and Carl took last week and just a chance to create doubt in VT for future gain.


yep

Re: Owned by a billionaire!

Thu Jul 11, 2013 11:02 pm

I like the way Tan is moving Cardiff City forward to the next level .. ( rebrand aside )
Like i said before he makes Hammam and Ridsdale look like shite market traders

Re: Owned by a billionaire!

Thu Jul 11, 2013 11:27 pm

He's not a billionaire in the Great British Pound though is he

Re: Owned by a billionaire!

Thu Jul 11, 2013 11:38 pm

Carpe Diem wrote:The way we are going we wil still have £17m left :old: :malky:


;) :malky:

Re: Owned by a billionaire!

Fri Jul 12, 2013 5:21 am

Jinks wrote:I like the way Tan is moving Cardiff City forward to the next level .. ( rebrand aside )
Like i said before he makes Hammam and Ridsdale look like shite market traders


£7m on Cornelius, £8m bid for Ince, £10m bid for Wynama... Right now
Tan has no problem pumping the money in if its moving Cardiff City forward. He hasnt paid off the
Lebanese bloke because the Lebanese bloke wont accept what he's offered and for whatever reason,
Tan obviously feels in a strong enough position to play hardball. Debt to equity will happen once
Hammam is gone but there's no rush. In the true scheme of things its purely a cosmetic exercise.
Whether its £100m in loans or £100m in equity - its Vincent Tans money, if he suddenly wanted it
back he could wind the Club up with the click of a finger. Debt to equity just makes the balance
sheet look better. I'd prefer that, so would all of us. Right now i think its best we just enjoy the ride.
Forget Hammam, the worst case scenario for him is that he's kept hanging on til 2016. But by then
either Tan will be gone already (and we'll have gone bust :lol: ) or Tan will still be here and Cardiff
City will be a bit of a 'force' in the Premiership or Tan will be gone and ditto with different 'owners'
Langstone was like a noose around our necks once - now its pretty insignificant except to one person
and never forget that person would have seen Cardiff City go bust. So f**k him!