Sun May 11, 2014 9:03 am
Sun May 11, 2014 9:07 am
Roath_Magic_ wrote:Tan gone on record saying debt to equity will only be partial debt to equity, which will leave you still £100m in debt.
As i said all along, it makes no sense what so ever to have turned the whole debt into equity.
The fans have been royally screwed once again with this spending in the clubs name.
One day lessons will be learned... One day
Sun May 11, 2014 9:12 am
caerblue wrote:May be we ll go in administration and clear all debts,what club you know done that before roathie
Sun May 11, 2014 9:17 am
because I cba to read it so...
Sun May 11, 2014 9:17 am
Roath_Magic_ wrote:caerblue wrote:May be we ll go in administration and clear all debts,what club you know done that before roathie
Administration is off the cards as the man making the decisions is the one the money is owed to.
It will be asset stripping and possibly liquidation when the time comes, depending on how much the debt continues to rise by.
Sun May 11, 2014 9:25 am
caerblue wrote:Roath_Magic_ wrote:caerblue wrote:May be we ll go in administration and clear all debts,what club you know done that before roathie
Administration is off the cards as the man making the decisions is the one the money is owed to.
It will be asset stripping and possibly liquidation when the time comes, depending on how much the debt continues to rise by.
Let's be honest,if tan wants his money back,do you think if he strips all our assets he'd get any where near his money back?,especially with us now being back in the championship
Sun May 11, 2014 9:31 am
Roath_Magic_ wrote:caerblue wrote:Roath_Magic_ wrote:caerblue wrote:May be we ll go in administration and clear all debts,what club you know done that before roathie
Administration is off the cards as the man making the decisions is the one the money is owed to.
It will be asset stripping and possibly liquidation when the time comes, depending on how much the debt continues to rise by.
Let's be honest,if tan wants his money back,do you think if he strips all our assets he'd get any where near his money back?,especially with us now being back in the championship
If he does it right now? Maybe.
If he waits a year and you dont go up? No.
But that isnt the point. There comes a time when a business man has to let go of something that is losing him money even if it means taking a hit yourself.
The better question would be why wouldnt you cut your losses and recoup most of what you can on a business losing you tens of millions a year.
Sun May 11, 2014 9:49 am
Sun May 11, 2014 10:35 am
Roath_Magic_ wrote:What do you mean?
The club only makes enough to pay half of the wages.
Where do you think the other half is coming from... And all the money for the signings and stadium expansion and training facilities etc etc
Tan.
Sun May 11, 2014 10:36 am
Roath_Magic_ wrote:What do you mean?
The club only makes enough to pay half of the wages.
Where do you think the other half is coming from... And all the money for the signings and stadium expansion and training facilities etc etc
Tan.
Sun May 11, 2014 10:39 am
Sun May 11, 2014 10:46 am
Roath_Magic_ wrote:But if the club cant afford to pay that back. So Tan loses money every time he has to put money into the club that it cannot afford to pay back.
If I gave you a credit card with £1 million credit on it yet you only had £100,000 in assets then if you cant honour the £1 million repayment then I am going to lose £900,000 even though the debt is attached to you and not me.
So would I cut you off and recoup what I can.... or continue to loan you money knowing you cant pay me back even what I initially lent you.
7% is meaningless, it may aswell be 700% - if the club cant pay it back then it makes no difference what the interest is.
Sun May 11, 2014 10:47 am
Sun May 11, 2014 1:14 pm
TomLlewellyn1927 wrote:Anyone that comes on this thread , don't let Roath place any negativity about Tan in your head. Roath has the cheek to call Ran a magician, yet he is not the one with "magic" in his name!
Come on bluebirds Roath magic comes to kill steal and destroy Cardiff City . Kill the club, steal our joy and destroy unity within our club with his magic box of lies! Don't fall for it!
Sun May 11, 2014 1:25 pm
Sun May 11, 2014 1:28 pm
TomLlewellyn1927 wrote:Anyone that comes on this thread , don't let Roath place any negativity about Tan in your head. Roath has the cheek to call Ran a magician, yet he is not the one with "magic" in his name!
Come on bluebirds Roath magic comes to kill steal and destroy Cardiff City . Kill the club, steal our joy and destroy unity within our club with his magic box of lies! Don't fall for it!
Sun May 11, 2014 1:29 pm
Roath_Magic_ wrote:Ive answered that. You have appealed to my business brain so ive given you the answer.
I wouldnt EVER do debt to equity, and neither will he. Hw owns 90% of the club so tell me one reason why he will essentially buy the other 10% for £100m which of course values the business at £1 billion pro rata![]()
Its pure nonsense and the suggestion is ludicrous, he is playing you all for fools and you are lapping it up. If the club is worth £80m then the going rate for the final 10% is around £8m. Its like embarking on buying a house to make a profit and then buying a £80,000 house for £1 million.
Ridiculous.
He will buy the other 10% for around £8m - £10m and the club will still owe him close to £100m.
Bookmark it if you like.
Sun May 11, 2014 1:31 pm
markeMark wrote:TomLlewellyn1927 wrote:Anyone that comes on this thread , don't let Roath place any negativity about Tan in your head. Roath has the cheek to call Ran a magician, yet he is not the one with "magic" in his name!
Come on bluebirds Roath magic comes to kill steal and destroy Cardiff City . Kill the club, steal our joy and destroy unity within our club with his magic box of lies! Don't fall for it!
He might enjoy winding people up a bit, but most of what he says concerning the financial side of things is pretty accurate, and I have never disagreed with his comments regarding the conversion of debt to equity. As I have said numerous times in the past, Tan is a businessman who has no particular love of football, nor any feelings of loyalty to Cardiff or their supporters, it's purely business as far as he is concerned and if I was him I'd be considering whether I should cut my losses and run right now.
Sun May 11, 2014 1:32 pm
Sun May 11, 2014 1:43 pm
Roath_Magic_ wrote:Tan gone on record saying debt to equity will only be partial debt to equity, which will leave you still £100m in debt.
As i said all along, it makes no sense what so ever to have turned the whole debt into equity.
The fans have been royally screwed once again with this spending in the clubs name.
One day lessons will be learned... One day
Sun May 11, 2014 1:45 pm
pembroke allan wrote:
when have you ever been wrong? if you were wrong in anything you do you will still spin it that you are right!must be very sad never being wrong in your life time!
Sun May 11, 2014 1:48 pm
Roath_Magic_ wrote:pembroke allan wrote:
when have you ever been wrong? if you were wrong in anything you do you will still spin it that you are right!must be very sad never being wrong in your life time!
So im spinning it how exactly?![]()
Or are you just venting?
Sun May 11, 2014 1:50 pm
Sun May 11, 2014 1:53 pm
Roath_Magic_ wrote:So I was right then.
Glad you agree. I seem to remember you being one of the man people against my opinion
Sun May 11, 2014 1:54 pm
pembroke allan wrote:Castro wrote:This debt to equity scenario still makes absolutely no sense what so ever, and the more the debt rises - the less sense it makes.mFor what possible reason would he ever do it?
Partial debt to equity - sure. But coverting £100m into equity is like a money hungry penny pincher buying a big mac meal for £150 when he could just pay just £6.
His goal is to make money so why give it away?
Doesn't make sense to us or you! But sure it does to tan and he sees the bigger picture.
Sun May 11, 2014 1:55 pm
Sun May 11, 2014 1:57 pm
Roath_Magic_ wrote:So I was right then.
Glad you agree. I seem to remember you being one of the man people against my opinion
Sun May 11, 2014 2:03 pm
ToungeFrazez wrote:Roath_Magic_ wrote:So I was right then.
Glad you agree. I seem to remember you being one of the man people against my opinion
Prove yourself right! Where have you said Tan would convert 50 mill to equity? Back your on claims mate![]()
While your at it. Where have Tan said he wont turn the rest when the time is right?
Tan out, the only way!
Sun May 11, 2014 2:12 pm
Roath_Magic_ wrote:ToungeFrazez wrote:Roath_Magic_ wrote:So I was right then.
Glad you agree. I seem to remember you being one of the man people against my opinion
Prove yourself right! Where have you said Tan would convert 50 mill to equity? Back your on claims mate![]()
While your at it. Where have Tan said he wont turn the rest when the time is right?
Tan out, the only way!
I said he wont do full debt to equity, only partial. I said the club would be left with £100m debt.
This has been proven in this thread alone.
Tan hasn't said he Isnt going to personally give me a billion dollars either, however sense tells me he doesnt need to state this.
Sun May 11, 2014 2:37 pm
Roath_Magic_ wrote:Ive answered that. You have appealed to my business brain so ive given you the answer.
I wouldnt EVER do debt to equity, and neither will he. Hw owns 90% of the club so tell me one reason why he will essentially buy the other 10% for £100m which of course values the business at £1 billion pro rata![]()
Its pure nonsense and the suggestion is ludicrous, he is playing you all for fools and you are lapping it up. If the club is worth £80m then the going rate for the final 10% is around £8m. Its like embarking on buying a house to make a profit and then buying a £80,000 house for £1 million.
Ridiculous.
He will buy the other 10% for around £8m - £10m and the club will still owe him close to £100m.
Bookmark it if you like.
Castro wrote:This debt to equity scenario still makes absolutely no sense what so ever, and the more the debt rises - the less sense it makes.mFor what possible reason would he ever do it?
Partial debt to equity - sure. But coverting £100m into equity is like a money hungry penny pincher buying a big mac meal for £150 when he could just pay just £6.
His goal is to make money so why give it away?