Debt to equity no chance

This is not going to happen and here in my opinion is why! Now I'm not proffessing to be an expert in shre dealing and finances but this to me is why he won't convert this season coming

I'm not 100% sure of the exact figure but wasn't it roughly £6m invested after play off final for 42% of the club?

That would have put the club total share value at around £15m

Bearing in mind we were a championship team with low revenue and high expenditure and a balance sheet riddled with debt which made the club almost insolvent on paper hence the low value of the club

By the time we had been given the red and dead scenario and £100m investment tan had probably loaned the club a further £15-20m adding to the debt

He then propesd the investment and a promise to covert debt to equity

If we had stayed up this year I believe he would have done so for a few reason

Even though he only paid £6m for roughly 40% of the club at premier league level we as a business would be worth far more this proven by the other directors selling their shares to tan this season for far more than tan paid for his shares issued for the initial £6m investment and the fact that we've been told isaacs was holding out for a huge amount of money for his few % of Shares

The balance sheet for premier league season will also prove the business was worth far more due to increased revenue and higher asset values

If we had stayed up then the £120m now owed to tan would more than likely have been converted as the other 60% of the club would be far more valuable to an investor as revenues being as high as they were would make the liabilities more financially viable

If the club stayed up and was valued at £150m (perfectly reasonable sum for PL club) then 10% would equate to £15m where as tan only originally paid £1.5m per 10% of 40% he bought for £6m initial investment he'd now have no choice but to convert for more money or he'd be devaluing his own share price which had gone up since promotion

The 60% would be worth around £75m now meaning he'd still have to write off around £45m owed to him but staying up in positive he'd have done this in order to sell the club completely debt free with our own stadium for more like £250m al fated done similar to sell Fulham

Now the club is back in championship share price drops considerably assets will be sold revenues will drop and club value will drop considerably effectively putting the business at 10x less the value than last season meaning he'd probably need to pay around £7.5m to buy the remaining shares of the business meaning he'd be owing himself £112.5m which he'd theoretically have to write off if we never made it back to prem or worse got relegated again he'd have absolutely no chance of recouping any of his money

Therefore he'd be a f*cking idiot to convert debt to equity at any point whiskt we remain in the championship IMO and I'm pretty sure we'll hear more excuses this season if we get promoted again if expect him to do it immediately and write off a lot less

Without converting this season he is still in charge as we are reliant on the man staying put cos if he decided that's it he could let us go into administration and then he'd be our only major creditor where by he would force player sales stadium sale etc we'd probably go under completely

It's a lose/lose situation for us as he holds all the cards in the deck and things won't be any simpler by driving him away we should all hope for a quick return to the PL and then a conversion of debt to equity and a quick sale but that's an ideal world

I also forgot to mention that if figures are corrct tan now owns 90% of the club with only Michael isaacs shares to buy roughly 10% by all accounts as he's bought up all other directors through the season

Now I'm not sure what he paid for those shares but baring in mind he paid just £6m for 40% theoretically the 50% he's acquired this season were only worth £7.5m

My guess is the likes of borley etc sold for double what tan paid for them as we went up so they'd be worth more etc

I'd estimate he paid around £10m for those 50% and I remember hearing issacs was holding out for £5/6 m for his 10% and tan wouldn't budge so

He now owns 90% which he paid an estimated £16/20m for meaning 10% of club is worth around £2m going on share price (this will be fully revealed at next accounts) so to back up my point if he buys the other 10% of isaacs this year then he would be full owner

He would then own a club worth approx £22m in shre value and he's also owe himself £120 that he'd loaned to the club he simply can't owe himself money so he'd have to wipe it off or convert it to equity which would mean he'd have to issue a unreal amount of shares making their value even lower again

He's simply not going to do it as converting the full £120m would mean he's valuing 10% of the club at £120m lol

He can't do it he'd be an idiot

I also forgot to mention that if figures are corrct tan now owns 90% of the club with only Michael isaacs shares to buy roughly 10% by all accounts as he's bought up all other directors through the season

Now I'm not sure what he paid for those shares but baring in mind he paid just £6m for 40% theoretically the 50% he's acquired this season were only worth £7.5m

My guess is the likes of borley etc sold for double what tan paid for them as we went up so they'd be worth more etc

I'd estimate he paid around £10m for those 50% and I remember hearing issacs was holding out for £5/6 m for his 10% and tan wouldn't budge so

He now owns 90% which he paid an estimated £16/20m for meaning 10% of club is worth around £2m going on share price (this will be fully revealed at next accounts) so to back up my point if he buys the other 10% of isaacs this year then he would be full owner

He would then own a club worth approx £22m in shre value and he's also owe himself £120 that he'd loaned to the club he simply can't owe himself money so he'd have to wipe it off or convert it to equity which would mean he'd have to issue a unreal amount of shares making their value even lower again

He's simply not going to do it as converting the full £120m would mean he's valuing 10% of the club at £120m lol

He can't do it he'd be an idiot

this is really all very high finance talk......i seen an explanation on here a few weeks ago which in itself was sound, but assumed a lot.......reality is we have to trust Tan,and prey he doesnt shit on us .
or maybe calling him a wanker,and putting it to a catchy chant might help eh

I also forgot to mention that if figures are corrct tan now owns 90% of the club with only Michael isaacs shares to buy roughly 10% by all accounts as he's bought up all other directors through the season

Now I'm not sure what he paid for those shares but baring in mind he paid just £6m for 40% theoretically the 50% he's acquired this season were only worth £7.5m

My guess is the likes of borley etc sold for double what tan paid for them as we went up so they'd be worth more etc

I'd estimate he paid around £10m for those 50% and I remember hearing issacs was holding out for £5/6 m for his 10% and tan wouldn't budge so

He now owns 90% which he paid an estimated £16/20m for meaning 10% of club is worth around £2m going on share price (this will be fully revealed at next accounts) so to back up my point if he buys the other 10% of isaacs this year then he would be full owner

He would then own a club worth approx £22m in shre value and he's also owe himself £120 that he'd loaned to the club he simply can't owe himself money so he'd have to wipe it off or convert it to equity which would mean he'd have to issue a unreal amount of shares making their value even lower again

He's simply not going to do it as converting the full £120m would mean he's valuing 10% of the club at £120m lol

He can't do it he'd be an idiot

this is really all very high finance talk......i seen an explanation on here a few weeks ago which in itself was sound, but assumed a lot.......reality is we have to trust Tan,and prey he doesnt shit on us .
or maybe calling him a wanker,and putting it to a catchy chant might help eh

My point is he got us over a barrel to a certain extent but with relegation he's also too deep to get out it's a bad situation for us and him really and in all honesty his best option is to get us back up and sell

And for us to go up we need a few things, more transfer funds a unity between the club and fans (blue would achieve this IMO) and also a slice of luck as this league is one of the toughest around and coming back up is not easy

Whatever happens it'll be a rollercoaster always is with Cardiff city but I must admit having tasted the big time I'm quite happy returning to what I regard the best league in this country

I also forgot to mention that if figures are corrct tan now owns 90% of the club with only Michael isaacs shares to buy roughly 10% by all accounts as he's bought up all other directors through the season

Now I'm not sure what he paid for those shares but baring in mind he paid just £6m for 40% theoretically the 50% he's acquired this season were only worth £7.5m

My guess is the likes of borley etc sold for double what tan paid for them as we went up so they'd be worth more etc

I'd estimate he paid around £10m for those 50% and I remember hearing issacs was holding out for £5/6 m for his 10% and tan wouldn't budge so

He now owns 90% which he paid an estimated £16/20m for meaning 10% of club is worth around £2m going on share price (this will be fully revealed at next accounts) so to back up my point if he buys the other 10% of isaacs this year then he would be full owner

He would then own a club worth approx £22m in shre value and he's also owe himself £120 that he'd loaned to the club he simply can't owe himself money so he'd have to wipe it off or convert it to equity which would mean he'd have to issue a unreal amount of shares making their value even lower again

He's simply not going to do it as converting the full £120m would mean he's valuing 10% of the club at £120m lol

He can't do it he'd be an idiot

this is really all very high finance talk......i seen an explanation on here a few weeks ago which in itself was sound, but assumed a lot.......reality is we have to trust Tan,and prey he doesnt shit on us .
or maybe calling him a wanker,and putting it to a catchy chant might help eh

My point is he got us over a barrel to a certain extent but with relegation he's also too deep to get out it's a bad situation for us and him really and in all honesty his best option is to get us back up and sell

And for us to go up we need a few things, more transfer funds a unity between the club and fans (blue would achieve this IMO) and also a slice of luck as this league is one of the toughest around and coming back up is not easy

Whatever happens it'll be a rollercoaster always is with Cardiff city but I must admit having tasted the big time I'm quite happy returning to what I regard the best league in this country

the people mouthing off on this,are the same ones that backed malky over tan......same ones that want tan out........
tan out ..tan is a wanker...but debt to equity.............beauts