Tan in his interview committed to converting ALL the debt

To equity.

“Hopefully we can get it (it being the Langstone deal) done and then I can convert all my loans to equity and make the club financially much more secure and hopefully debt free; that is our goal.

“It is my goal to make the club debt free so it will not be under any threats and after that we can manage it prudently, run it like a business.

He reckons it will be £120m in total he will have invested by then.

That is some significant commitment.

To equity.

“Hopefully we can get it (it being the Langstone deal) done and then I can convert all my loans to equity and make the club financially much more secure and hopefully debt free; that is our goal.

“It is my goal to make the club debt free so it will not be under any threats and after that we can manage it prudently, run it like a business.

He reckons it will be £120m in total he will have invested by then.

That is some significant commitment.

It will be interesting to see how this is going to happen.

£120 million into shares, is that going to devalue present shares?

To equity.

“Hopefully we can get it (it being the Langstone deal) done and then I can convert all my loans to equity and make the club financially much more secure and hopefully debt free; that is our goal.

“It is my goal to make the club debt free so it will not be under any threats and after that we can manage it prudently, run it like a business.

He reckons it will be £120m in total he will have invested by then.

That is some significant commitment.

He certainly did Tim , so no backing down from that , but he didn`t make clear exactly when.

Hopefully , the board of directors will soon be sending out notices to shareholders for the EGM needed to increase the authorised share capital so enough shares can be issued to convert the full debt (from memory , the previous EGM only gave enough "headroom" for about £20m of new shares). See you at that meeting , if not before.

Not sure where this £120m claimed investment total comes from. Unless it includes the full recorded debt to Langston (paid off for far less) and the potential future investment cost of the stadium expansion and training ground (not yet expended of course).

Keith

To equity.

“Hopefully we can get it (it being the Langstone deal) done and then I can convert all my loans to equity and make the club financially much more secure and hopefully debt free; that is our goal.

“It is my goal to make the club debt free so it will not be under any threats and after that we can manage it prudently, run it like a business.

He reckons it will be £120m in total he will have invested by then.

That is some significant commitment.

It will be interesting to see how this is going to happen.

£120 million into shares, is that going to devalue present shares?

The current shares are worth next to nothing with £100m + of debt. So all that will happen is current shareholders will own a smal piece of something rather than a larger piece of nothing

To equity.

“Hopefully we can get it (it being the Langstone deal) done and then I can convert all my loans to equity and make the club financially much more secure and hopefully debt free; that is our goal.

“It is my goal to make the club debt free so it will not be under any threats and after that we can manage it prudently, run it like a business.

He reckons it will be £120m in total he will have invested by then.

That is some significant commitment.

He certainly did Tim , so no backing down from that , but he didn`t make clear exactly when.

Hopefully , the board of directors will soon be sending out notices to shareholders for the EGM needed to increase the authorised share capital so enough shares can be issued to convert the full debt (from memory , the previous EGM only gave enough "headroom" for about £20m of new shares). See you at that meeting , if not before.

Not sure where this £120m claimed investment total comes from. Unless it includes the full recorded debt to Langston (paid off for far less) and the potential future investment cost of the stadium expansion and training ground (not yet expended of course).

Keith

Ha yes Keith, and I can remember getting all excited at the possibility of £20m+ of extra equity going in.

He might also be including his current shares and also may not actually realise what currency he is dealing with as one minute he's likely to be talking to people in $, then Euro, then Rmb then Malaysian Ringitts or Thai bottletops .