Cardiff City Forum



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Debt to equity

Mon Jul 22, 2013 9:50 am

If Tans turns his debt to equity would that make him the sole owner of Cardiff City.

With Sam looking like he will be given a role on the board surely he wont have a say in the running of the club because Tan will be the biggest shareholder.

Re: Debt to equity

Mon Jul 22, 2013 9:53 am

That's what I've been thinking, unless hammans debt gets turned into equity as well giving him shares within the club and some power

Re: Debt to equity

Mon Jul 22, 2013 10:00 am

I don't have the first clue about running a business but if Tan is the biggest shareholder in the club then wouldn't he have the final say on any decisions?

Also if he gets more then 51% of the club does he have the power to make an offer on the remaining shares in the club?

Re: Debt to equity

Mon Jul 22, 2013 10:06 am

I'm not sure that if you own more than 51% the. You can buy every other share holder out without them having a say, think arsenal are in the same position, shareholders trying to buy more shares so they can then fully takeover.. It's all too complicated and tbh I haven't got a clue either, but it's a cracking point you make

Re: Debt to equity

Mon Jul 22, 2013 10:08 am

wtf wrote:If Tans turns his debt to equity would that make him the sole owner of Cardiff City.

With Sam looking like he will be given a role on the board surely he wont have a say in the running of the club because Tan will be the biggest shareholder.


Tan has spent the last three years sorting out the mess Hammam made. The very idea of him
allowing Sam near the safe is laughable. His likely position is as ''chief pie seller'' but he'd even
f**k that up. Give the pies away, say "my family must eat"... then we get hit with a bill for £100k
off Compass :lol: :lol: :lol:

Re: Debt to equity

Mon Jul 22, 2013 10:10 am

wtf wrote:I don't have the first clue about running a business but if Tan is the biggest shareholder in the club then wouldn't he have the final say on any decisions?

Also if he gets more then 51% of the club does he have the power to make an offer on the remaining shares in the club?


It's a bit higher than that. Not sure the percentage but over a certain level you are obliged to make a bid for the remaining shares. Investors getting over that level know what they are doing and are obviously making a play for full ownership.

However the other shareholders don't have to accept the offer. A long way to go yet.

Re: Debt to equity

Mon Jul 22, 2013 10:10 am

I don't want him here tbh. The only positive thing about him is that he can close a deal on a new player. Other than that I really don't want him here.