COULDN'T PAY THE MILKMAN

Two years ago we couldn't even pay the milkman for the milk, now we are buying players for figures we could have only dreamed of.
Bloody modern football.

but what about blue :

but what about blue :

Let's be honest, we would have been in the RED even if we'd stayed in blue, sad but true.

Two years ago we couldn't even pay the milkman for the milk, now we are buying players for figures we could have only dreamed of.
Bloody modern football.

If Tan fails to convert the debt to equity with these figures we are paying, we will eventually fold and Cardiff City will cease to exist.
Bloody modern football.

Well that would only happen if Tan decided to ask for it all back instantly like Langston tried to do.

Two years ago we couldn't even pay the milkman for the milk, now we are buying players for figures we could have only dreamed of.
Bloody modern football.

If Tan fails to convert the debt to equity with these figures we are paying, we will eventually fold and Cardiff City will cease to exist.
Bloody modern football.

on the other hand Tan could switch us back to blue and the ccs could get swallowed by a sink hole.

bloodly modern geology

AGAINST MODERN MILKMEN!!!

Two years ago we couldn't even pay the milkman for the milk, now we are buying players for figures we could have only dreamed of.
Bloody modern football.

If Tan fails to convert the debt to equity with these figures we are paying, we will eventually fold and Cardiff City will cease to exist.
Bloody modern football.

on the other hand Tan could switch us back to blue and the ccs could get swallowed by a sink hole.

bloodly modern geology

but what about blue :

Let's be honest, we would have been in the RED even if we'd stayed in blue, sad but true.

I see what you did there.

Two years ago we couldn't even pay the milkman for the milk, now we are buying players for figures we could have only dreamed of.
Bloody modern football.

If Tan fails to convert the debt to equity with these figures we are paying, we will eventually fold and Cardiff City will cease to exist.
Bloody modern football.

on the other hand Tan could switch us back to blue and the ccs could get swallowed by a sink hole.

bloodly modern geology

Just stating what could happen. It's all well and good saying how much we are spending but I won't enjoy it until the debt is converted to equity. Gwyn only sees one side of the argument for whatever reason and his head will be popping out of VT's neck high trousers with how much he sticks his head up his backside!

Two years ago we couldn't even pay the milkman for the milk, now we are buying players for figures we could have only dreamed of.
Bloody modern football.

If Tan fails to convert the debt to equity with these figures we are paying, we will eventually fold and Cardiff City will cease to exist.
Bloody modern football.

Well it will be no worse than what would have happened if he hadn't stepped in.

Well that would only happen if Tan decided to ask for it all back instantly like Langston tried to do.

Not true, but hey, who cares now.

Two years ago we couldn't even pay the milkman for the milk, now we are buying players for figures we could have only dreamed of.
Bloody modern football.

If Tan fails to convert the debt to equity with these figures we are paying, we will eventually fold and Cardiff City will cease to exist.
Bloody modern football.

Well it will be no worse than what would have happened if he hadn't stepped in.

Before Tan stepped in, we could have just about survived, selling our assets and plummeting down the leagues probably, but there would have been a chance. Our debt has shot up considerably since Tan stepped in, the only thing that would save us is the monies from being in the Premiership. Our promotion would have saved our football club even if Tan walks away and that is one thing I will thank Tan for. But if Tan doesn't convert the debt to equity, the debt we could rack up will probably put us in the same position as Portsmouth currently are anyway.

Two years ago we couldn't even pay the milkman for the milk, now we are buying players for figures we could have only dreamed of.
Bloody modern football.

If Tan fails to convert the debt to equity with these figures we are paying, we will eventually fold and Cardiff City will cease to exist.
Bloody modern football.

Well it will be no worse than what would have happened if he hadn't stepped in.

Before Tan stepped in, we could have just about survived, selling our assets and plummeting down the leagues probably, but there would have been a chance. Our debt has shot up considerably since Tan stepped in, the only thing that would save us is the monies from being in the Premiership. Our promotion would have saved our football club even if Tan walks away and that is one thing I will thank Tan for. But if Tan doesn't convert the debt to equity, the debt we could rack up will probably put us in the same position as Portsmouth currently are anyway.

Once we went into administration, many businessmen would've bought us for a pound and taken us up . Langstone would have lost everything though, which is bad for Sam Hammam i suppose.

Two years ago we couldn't even pay the milkman for the milk, now we are buying players for figures we could have only dreamed of.
Bloody modern football.

If Tan fails to convert the debt to equity with these figures we are paying, we will eventually fold and Cardiff City will cease to exist.
Bloody modern football.

Well it will be no worse than what would have happened if he hadn't stepped in.

Before Tan stepped in, we could have just about survived, selling our assets and plummeting down the leagues probably, but there would have been a chance. Our debt has shot up considerably since Tan stepped in, the only thing that would save us is the monies from being in the Premiership. Our promotion would have saved our football club even if Tan walks away and that is one thing I will thank Tan for. But if Tan doesn't convert the debt to equity, the debt we could rack up will probably put us in the same position as Portsmouth currently are anyway.

perhaps you should have passed your wisdom and business acumen on to the board of directors then, because at the last winding up court appearance the barrister was pushing for us to be liquidated because we were technically insolvent, assets in total were nowhere near enough to pay off the creditors let along provide a sustainable business projection, but hey don't suppose these high class barristers and accountants are a patch on you, or share the knowledge you obviously have.

But I would ask, if you had this info, why didn't you come forward with it, we may then have been able to stay in blue, so in truth, the whole rebrand is down to you keeping quiet, sellout.

Two years ago we couldn't even pay the milkman for the milk, now we are buying players for figures we could have only dreamed of.
Bloody modern football.

If Tan fails to convert the debt to equity with these figures we are paying, we will eventually fold and Cardiff City will cease to exist.
Bloody modern football.

on the other hand Tan could switch us back to blue and the ccs could get swallowed by a sink hole.

bloodly modern geology

Just stating what could happen. It's all well and good saying how much we are spending but I won't enjoy it until the debt is converted to equity. Gwyn only sees one side of the argument for whatever reason and his head will be popping out of VT's neck high trousers with how much he sticks his head up his backside!

Don't even have to like the man to respect what he's done for this club, and whichever way you look at it, he's saved us from liquidation at the very least.

Just love my club mate, whether it be Vincent Tan or Ton Tan running it, he doing a good job and we in a better position then we ever have before, Man U are 800 million in debt, Real Madrid are a thousand million in debt, debt is all part of business and growth if used and handled properly, you need to move on from your village corner shop mentality.

Who do we owe money to, banks, no, HMRC no, Major investment houses no. we, or rather VT owes the money to himself, you and me aren't in debt, the club is, and he owns the club.

Two years ago we couldn't even pay the milkman for the milk, now we are buying players for figures we could have only dreamed of.
Bloody modern football.

If Tan fails to convert the debt to equity with these figures we are paying, we will eventually fold and Cardiff City will cease to exist.
Bloody modern football.

Well it will be no worse than what would have happened if he hadn't stepped in.

Before Tan stepped in, we could have just about survived, selling our assets and plummeting down the leagues probably, but there would have been a chance. Our debt has shot up considerably since Tan stepped in, the only thing that would save us is the monies from being in the Premiership. Our promotion would have saved our football club even if Tan walks away and that is one thing I will thank Tan for. But if Tan doesn't convert the debt to equity, the debt we could rack up will probably put us in the same position as Portsmouth currently are anyway.

Once we went into administration, many businessmen would've bought us for a pound and taken us up . Langstone would have lost everything though, which is bad for Sam Hammam i suppose.

It wasn't going to be admin though, like Rangers it would have been liquidation and reforming a new business, but unlike Rangers, we would be a team from outside of the National League applying to rejoin, and like Merthyr, we would have been put way down the non League set up and start again.

If Tan walked away now, it's true we'd probably be f*cked but so would Tan, he would lose everything he's invested so far and very unilkely to see any of it back if we went into administration or worse.

Barristers of the other side always claim that. In truth clubs of our size rarely ever go bust. Rangers were a very paticular case and the powers that be at Rangers wanted to go bust. It wouldn't have happened at Cardiff, although administration was a possibility.

jesus, what if gwyn this all goes pear shape. tan thinks, they cant stay in the league im going, all that money we'd owe him, we'd be red.....not all of us are willing to sell up to see a couple of signings coming in

Have to be honest I don't lie awake at night worrying about debt to equity and although I have no evidence to back it up,i don't think the majority of fan's do either.My stake in CCFC has been the price of my season ticket and at the moment i'm more than happy with that investment.posting.php?mode=reply&f=2&t=122453#

jesus, what if gwyn this all goes pear shape. tan thinks, they cant stay in the league im going, all that money we'd owe him, we'd be red.....not all of us are willing to sell up to see a couple of signings coming in

We'd be no worse off then than we were before he came in, bust is bust whether it be for a pound or a billion pound,

Barristers of the other side always claim that. In truth clubs of our size rarely ever go bust. Rangers were a very paticular case and the powers that be at Rangers wanted to go bust. It wouldn't have happened at Cardiff, although administration was a possibility.

You need I believe 60% of the creditors to agree before admin can be accepted, from what many have said that would never have happened, straight to liquidation so those that know reckon.

Two years ago we couldn't even pay the milkman for the milk, now we are buying players for figures we could have only dreamed of.
Bloody modern football.

If Tan fails to convert the debt to equity with these figures we are paying, we will eventually fold and Cardiff City will cease to exist.
Bloody modern football.

Well it will be no worse than what would have happened if he hadn't stepped in.

Before Tan stepped in, we could have just about survived, selling our assets and plummeting down the leagues probably, but there would have been a chance. Our debt has shot up considerably since Tan stepped in, the only thing that would save us is the monies from being in the Premiership. Our promotion would have saved our football club even if Tan walks away and that is one thing I will thank Tan for. But if Tan doesn't convert the debt to equity, the debt we could rack up will probably put us in the same position as Portsmouth currently are anyway.

Once we went into administration, many businessmen would've bought us for a pound and taken us up . Langstone would have lost everything though, which is bad for Sam Hammam i suppose.

Yeah I've seen loads of clubs who have gone into administration prosper

At the last known figure we (CCFC) owed VT £37.5m. Since then he has committed at least £15m to paying off Langston, £25m on stadium expansion and training ground plus transfer fees. Last season those fees were around £10m and this season around £30m.

That is an estimated total debt of £117m to VT which is around the £120m figure he recently quoted. To stay within Financial Fair Play guidelines we can't lose more than £105m over a 3 year period (£35m per season).

Had VT converted at the end of last season the £30m CCFC have spent in transfer fees this summer would have put us dangerously close to the limit of debt allowed in the FFP rules.

However, by delaying VT has allowed us to sign quality players and still remain debt free. Clever move....

jesus, what if gwyn this all goes pear shape. tan thinks, they cant stay in the league im going, all that money we'd owe him, we'd be red.....not all of us are willing to sell up to see a couple of signings coming in

That's not a half empty view more like licking the bottom of the bottle to get the worst case scenario syndrome. Once VT has converted debt to equity the only way he'll get any money back is to sell us to someone else or floating us on the stock market.

He is highly unlikely to wake up one morning and think I'm off.

Finally you might be a stick in the mud but you are quickly becoming an endangered species. The vast majority of supporters are enjoying the Premiership experience and revelling in how our brilliant side is going toe to toe with the best this league can offer, rather than moaning and crying because you can't get your own way.

What's a milkman