Administration - Private Messages

Been having a few PM's recently from posters wanting to pick my brains regarding administration and the chances of Tan placing you in such a predicament. So thought it better to make a thread as there is a lot of confusion out there regarding the subject.

The answer - zero.

Administration is the process where a third party gets ordered to come into the club and forcibly sell the clubs assets at a price he/she deems acceptable (will be significantly less than market value) and then divide it up amongst creditors.

Tan doesnt need a special order to forcibly sell assets - he can sell whatever he likes anyway and at a price he wants and not a price dictated by a third party. It will not happen i can assure you.

As for tan folding you... What is the point in that? If he does that then it doesnt make him any extra money and in fact renders his shares null and void so will lose millions as a result for no reason what so ever.

The result of forcing Tan out will simply be new owners, debt free with minimal to no assets playing or otherwise to the clubs name.

Loads of people been saying "tan will take is into admin" or "tan will fold us" and its all just nonsense, think about it.

Actually a sensible and accurate post.

I think this is why there is a lot of conflict on here regarding the ones that dont understand the situation and the ones that do.

From my perspective forcing tan out is a no brainer hence why im pretty scathing when it comes to meek efforts to do so. Yet they are probably meek due to the fear some have regarding the consequences of him being forced out.

lets saY tan rakes back 30 million in player assets, 23 million from the parachute payments, and converts 50 million from debt to equity like hes now saying, thats (lets call it) 100 million off what we owe him.

So, we get to like, xmas, and Tan is owed 50 million by the club (at this point of course it would be higher, as i imagine he is constatly ploughing money into the club.

So unless he sells the club for circa 50 million we are still going to owe him a shed load of money right?

150 million is, just about managable (assuming he does eventually convert some of the debt) we would need to get rid of a significant amount of players who are the top earners (caulker, bellamy, jones, medel, mutch, marshall, fabio), that, along with the 23 million should significantly reduce the figure, but i cant see anyway that Tan leaves the club and we are then debt free immediately.

lets saY tan rakes back 30 million in player assets, 23 million from the parachute payments, and converts 50 million from debt to equity like hes now saying, thats (lets call it) 100 million off what we owe him.

So, we get to like, xmas, and Tan is owed 50 million by the club (at this point of course it would be higher, as i imagine he is constatly ploughing money into the club.

So unless he sells the club for circa 50 million we are still going to owe him a shed load of money right?

150 million is, just about managable (assuming he does eventually convert some of the debt) we would need to get rid of a significant amount of players who are the top earners (caulker, bellamy, jones, medel, mutch, marshall, fabio), that, along with the 23 million should significantly reduce the figure, but i cant see anyway that Tan leaves the club and we are then debt free immediately.

A debt free club is worth a lot more than a club that owes £50 million.

I could probably see a deal being struck between buyer and Tan to increase the selling price and eradicate the debt. Maybe even incorperate a sponsorship deal with it too.

If tan wants to sell then the debt of the club will have to be minimal and that is within his interests to do. But with future parachute payments you will have a foundation. But the longer he stays, the more of the parachute payments get wasted.

Last edited by Roath_Magic_ on Wed May 21, 2014 11:58 am, edited 1 time in total.

Actually a sensible and accurate post.

Actually not very accurate at all and shame on anyone actually PMing this deviant.(though that's probably more bullshit on his part)

Actually a sensible and accurate post.

Actually not very accurate at all and shame on anyone actually PMing this deviant.(though that's probably more bullshit on his part)

Would you like to place a bet on either claim young man?

Actually a sensible and accurate post.

Actually not very accurate at all and shame on anyone actually PMing this deviant.(though that's probably more bullshit on his part)

I PMd him on the topic. I don't own a business and have no idea the ins and outs of administration, so I thought to seek the knowledge of someone who does.

Been having a few PM's recently from posters wanting to pick my brains regarding administration and the chances of Tan placing you in such a predicament. So thought it better to make a thread as there is a lot of confusion out there regarding the subject.

The answer - zero.

Administration is the process where a third party gets ordered to come into the club and forcibly sell the clubs assets at a price he/she deems acceptable (will be significantly less than market value) and then divide it up amongst creditors.

Tan doesnt need a special order to forcibly sell assets - he can sell whatever he likes anyway and at a price he wants and not a price dictated by a third party. It will not happen i can assure you.

As for tan folding you... What is the point in that? If he does that then it doesnt make him any extra money and in fact renders his shares null and void so will lose millions as a result for no reason what so ever.

The result of forcing Tan out will simply be new owners, debt free with minimal to no assets playing or otherwise to the clubs name.

Loads of people been saying "tan will take is into admin" or "tan will fold us" and its all just nonsense, think about it.

For a so called swansea town fan do you think people will listen?

Personally, I think you are a city fan who is given a free run of the place to drive up traffic.

lets saY tan rakes back 30 million in player assets, 23 million from the parachute payments, and converts 50 million from debt to equity like hes now saying, thats (lets call it) 100 million off what we owe him.

So, we get to like, xmas, and Tan is owed 50 million by the club (at this point of course it would be higher, as i imagine he is constatly ploughing money into the club.

So unless he sells the club for circa 50 million we are still going to owe him a shed load of money right?

150 million is, just about managable (assuming he does eventually convert some of the debt) we would need to get rid of a significant amount of players who are the top earners (caulker, bellamy, jones, medel, mutch, marshall, fabio), that, along with the 23 million should significantly reduce the figure, but i cant see anyway that Tan leaves the club and we are then debt free immediately.

A debt free club is worth a lot more than a club that owes £50 million.

I could probably see a deal being struck between buyer and Tan to increase the selling price and eradicate the debt. Maybe even incorperate a sponsorship deal with it too.

If tan wants to sell then the debt of the club will have to be minimal and that is within his interests to do. But with future parachute payments you will have a foundation. But the longer he stays, the more of the parachute payments get wasted.

right, but any new guy coming in to buy the club is just going loan the money to buy the club against the club (like United?) meaning likely interest on the payments too.

i cant see a way we can be debt free in 12 months if Tan leaves, which isnt a bad thing anyway so long as the debt is less.

one thing thats important whatever happens, is that the club is run sensibly starting from now, and for me that means selling a load of players and using the money to clear a large chunk of what we owe

Couldn't care less who listens.

As long as i do my bit for my hometown club then my conscience is clear. As we have seen from recent months, many wish they had listened to me rather than blanket argue due to my preference of club

lets saY tan rakes back 30 million in player assets, 23 million from the parachute payments, and converts 50 million from debt to equity like hes now saying, thats (lets call it) 100 million off what we owe him.

So, we get to like, xmas, and Tan is owed 50 million by the club (at this point of course it would be higher, as i imagine he is constatly ploughing money into the club.

So unless he sells the club for circa 50 million we are still going to owe him a shed load of money right?

150 million is, just about managable (assuming he does eventually convert some of the debt) we would need to get rid of a significant amount of players who are the top earners (caulker, bellamy, jones, medel, mutch, marshall, fabio), that, along with the 23 million should significantly reduce the figure, but i cant see anyway that Tan leaves the club and we are then debt free immediately.

A debt free club is worth a lot more than a club that owes £50 million.

I could probably see a deal being struck between buyer and Tan to increase the selling price and eradicate the debt. Maybe even incorperate a sponsorship deal with it too.

If tan wants to sell then the debt of the club will have to be minimal and that is within his interests to do. But with future parachute payments you will have a foundation. But the longer he stays, the more of the parachute payments get wasted.

right, but any new guy coming in to buy the club is just going loan the money to buy the club against the club (like United?) meaning likely interest on the payments too.

i cant see a way we can be debt free in 12 months if Tan leaves, which isnt a bad thing anyway so long as the debt is less.

one thing thats important whatever happens, is that the club is run sensibly starting from now, and for me that means selling a load of players and using the money to clear a large chunk of what we owe

No, i very much doubt you can buy a club with loans placed against a club you don't own yet. The club cannot be liable for a transaction of sale between owners.

Tan needs to leave soon. The longer he stays the harder it will be to clean up as the parachute money will be whittled away.

For example if he was to leave in the coming months. He would keep parachute payments, sell players, keep ticket money, set up sponsorships, sell training ground (or keep and lease), sell shares and hold a small amount of debt over the club for future payment, maybe even wiping the debt for a non controlling % of the club where he may receive dividends in the future.

I cant see the club being in much if any debt once he leaves. But it will literally have nothing.

Anyway must dash, check back tomorrow.

Actually a sensible and accurate post.

Actually not very accurate at all and shame on anyone actually PMing this deviant.(though that's probably more bullshit on his part)

I PMd him on the topic. I don't own a business and have no idea the ins and outs of administration, so I thought to seek the knowledge of someone who does.

i wanted to let him/her dig a bit deeper first. When will they learn eh?

Actually a sensible and accurate post.

Actually not very accurate at all and shame on anyone actually PMing this deviant.(though that's probably more bullshit on his part)

He might be a cock but he's right about something's.

Actually a sensible and accurate post.

Actually not very accurate at all and shame on anyone actually PMing this deviant.(though that's probably more bullshit on his part)

I PMd him on the topic. I don't own a business and have no idea the ins and outs of administration, so I thought to seek the knowledge of someone who does.

How do you know he knows what he's on about because he says so?That says something about you more than him.I do not or will not speak with that troll directly but must admit that I'm fairly staggered that most don't see through this cancerous apparition of a man(though that's an assumption on my part)

How do you know he knows what he's on about because he says so?That says something about you more than him.I do not or will not speak with that troll directly but must admit that I'm fairly staggered that most don't see through this cancerous apparition of a man(though that's an assumption on my part)

If you can counter his claims & back it all up, then I will happily listen to you too. I have no major understanding of the intricacies of business finance, so I look to others who have greater knowledge of it to form an opinion.

Administration is the process where a third party gets ordered to come into the club and forcibly sell the clubs assets at a price he/she deems acceptable (will be significantly less than market value) and then divide it up amongst creditors.

Utter bollocks.


Administration is a legal process in which "The Administrator" runs a business as a going concern whilst options are sought i.e. a buyer.

Administration is the process where a third party gets ordered to come into the club and forcibly sell the clubs assets at a price he/she deems acceptable (will be significantly less than market value) and then divide it up amongst creditors.

Utter bollocks.


Administration is a legal process in which "The Administrator" runs a business as a going concern whilst options are sought i.e. a buyer.

Not bollocks at all young man. The club runs insolvent, 189% of income was wages in the championship. Will be even greater this year.

If an administrator came in then his first task is to stabilise the club, that means selling players and paying off the debts otherwise the club folds, simple as that.

Oh...

Actually a sensible and accurate post.

Actually not very accurate at all and shame on anyone actually PMing this deviant.(though that's probably more bullshit on his part)

I didn't PM him, aint been on here for months due to trolls, but deep down that message made sense. Its true Tan won't risk losing £140-£200m just to prove a point, a new buyer will be found and it will all be amicable.

Actually a sensible and accurate post.

Actually not very accurate at all and shame on anyone actually PMing this deviant.(though that's probably more bullshit on his part)

I didn't PM him, aint been on here for months due to trolls, but deep down that message made sense. Its true Tan won't risk losing £140-£200m just to prove a point, a new buyer will be found and it will all be amicable.

Actually a sensible and accurate post.

Actually not very accurate at all and shame on anyone actually PMing this deviant.(though that's probably more bullshit on his part)

I didn't PM him, aint been on here for months due to trolls, but deep down that message made sense. Its true Tan won't risk losing £140-£200m just to prove a point, a new buyer will be found and it will all be amicable.

Totally agree. This is exactly what I think will happen.

How do you know he knows what he's on about because he says so?That says something about you more than him.I do not or will not speak with that troll directly but must admit that I'm fairly staggered that most don't see through this cancerous apparition of a man(though that's an assumption on my part)

If you can counter his claims & back it all up, then I will happily listen to you too. I have no major understanding of the intricacies of business finance, so I look to others who have greater knowledge of it to form an opinion.

I though my reply was easy enough to understand,if you have little or no understanding of business why do you assume he does.I also said I will never converse/talk/argue directly with the troll.But your answers do touch on something I find incredible.I've never liked your style or manner of posting but for someone who has posted more than most about the rebrand and the preferred future direction of the club I find it preposterous that you can argue the blue only,Tan out,and being a proper football supporter in div 2 without researching the consequences of your arguments and desires.So anyone with your point of view should make sure they fully understood the business consequences that would follow if you somehow managed to forced Tan out.And I wouldn't call listening to that pervert troll an education either.

pervert troll

is there something your not telling us?

I though my reply was easy enough to understand,if you have little or no understanding of business why do you assume he does.

evidently not. You didn't counter the OP at all.

I also said I will never converse/talk/argue directly with the troll.

that's funny. I've seen you converse with him before on here.

But your answers do touch on something I find incredible.I've never liked your style or manner of posting but for someone who has posted more than most about the rebrand and the preferred future direction of the club I find it preposterous that you can argue the blue only,Tan out,and being a proper football supporter in div 2 without researching the consequences of your arguments and desires.

without researching?! Surely I've shown that I've done that by investigating what would happen with regards to Administration?

So anyone with your point of view should make sure they fully understood the business consequences that would follow if you somehow managed to forced Tan out.And I wouldn't call listening to that pervert troll an education either.

I'm all for listening to your counter argument.... Come on, convince me! All you've done in this thread is troll.

How do you know he knows what he's on about because he says so?That says something about you more than him.I do not or will not speak with that troll directly but must admit that I'm fairly staggered that most don't see through this cancerous apparition of a man(though that's an assumption on my part)

If you can counter his claims & back it all up, then I will happily listen to you too. I have no major understanding of the intricacies of business finance, so I look to others who have greater knowledge of it to form an opinion.

I though my reply was easy enough to understand,if you have little or no understanding of business why do you assume he does.I also said I will never converse/talk/argue directly with the troll.But your answers do touch on something I find incredible.I've never liked your style or manner of posting but for someone who has posted more than most about the rebrand and the preferred future direction of the club I find it preposterous that you can argue the blue only,Tan out,and being a proper football supporter in div 2 without researching the consequences of your arguments and desires.So anyone with your point of view should make sure they fully understood the business consequences that would follow if you somehow managed to forced Tan out.And I wouldn't call listening to that pervert troll an education either.

While I accept and agree that playing in division 4 would have far-reaching consequences, I don't see where anyone has deserved the label "pervert troll". That is a bit strong IMHO. If someone continually confronts you with an opposite point of view, that doesn't mean they are in some way abnormal or perverted.

I have read his comments in this thread and as far as I'm concerned, they have merit and shouldn't be dismissed just because of his open affiliation to another team. In fact, if we are to survive as a club with any kind of dignity and regain our identity, we need to be made aware of all possible scenarios.

I hope my style or manner of posting doesn't offend anyone. I merely try to keep an open mind.

Administration is the process where a third party gets ordered to come into the club and forcibly sell the clubs assets at a price he/she deems acceptable (will be significantly less than market value) and then divide it up amongst creditors.

Utter bollocks.


Administration is a legal process in which "The Administrator" runs a business as a going concern whilst options are sought i.e. a buyer.

Not bollocks at all young man. The club runs insolvent, 189% of income was wages in the championship. Will be even greater this year.

If an administrator came in then his first task is to stabilise the club, that means selling players and paying off the debts otherwise the club folds, simple as that.

correct up to the point of stabilizing club, next job is to find buyer if cannot do so it is then liquidated as cannot run club for ever at a loss. or alternately once assets are sold (players) and staff redundant all that's left is bare minimum players mainly apprentices we will end up like portsmouth except we don't have same fanatical fans to support division 2 club , so chances are non league for us as a minimum outcome.




Oh...

How do you know he knows what he's on about because he says so?That says something about you more than him.I do not or will not speak with that troll directly but must admit that I'm fairly staggered that most don't see through this cancerous apparition of a man(though that's an assumption on my part)

If you can counter his claims & back it all up, then I will happily listen to you too. I have no major understanding of the intricacies of business finance, so I look to others who have greater knowledge of it to form an opinion.

I though my reply was easy enough to understand,if you have little or no understanding of business why do you assume he does.I also said I will never converse/talk/argue directly with the troll.But your answers do touch on something I find incredible.I've never liked your style or manner of posting but for someone who has posted more than most about the rebrand and the preferred future direction of the club I find it preposterous that you can argue the blue only,Tan out,and being a proper football supporter in div 2 without researching the consequences of your arguments and desires.So anyone with your point of view should make sure they fully understood the business consequences that would follow if you somehow managed to forced Tan out.And I wouldn't call listening to that pervert troll an education either.

While I accept and agree that playing in division 4 would have far-reaching consequences, I don't see where anyone has deserved the label "pervert troll". That is a bit strong IMHO. If someone continually confronts you with an opposite point of view, that doesn't mean they are in some way abnormal or perverted.

I have read his comments in this thread and as far as I'm concerned, they have merit and shouldn't be dismissed just because of his open affiliation to another team. In fact, if we are to survive as a club with any kind of dignity and regain our identity, we need to be made aware of all possible scenarios.

I hope my style or manner of posting doesn't offend anyone. I merely try to keep an open mind.

Sorry Woodie if my post offends you but I make no apology.Iv'e seen this guy in all his guises over the last 3 or 4 years on here and if you think he deserves respect thats your view,I however,have another

Administration is the process where a third party gets ordered to come into the club and forcibly sell the clubs assets at a price he/she deems acceptable (will be significantly less than market value) and then divide it up amongst creditors.

Utter bollocks.


Administration is a legal process in which "The Administrator" runs a business as a going concern whilst options are sought i.e. a buyer.

Not bollocks at all young man. The club runs insolvent, 189% of income was wages in the championship. Will be even greater this year.

If an administrator came in then his first task is to stabilise the club, that means selling players and paying off the debts otherwise the club folds, simple as that.

Oh...

More bollocks.

There are options other than selling everything that isn't nailed down and as a Jack you should understand that. One option is CVA, you know that 11p in the £ the creditors of the jacks had back in 2002.

Don't forget the football creditors rule as well there a far more options for football clubs in administration that selling everything that isn't nailed down.

Actually a sensible and accurate post.

Actually not very accurate at all and shame on anyone actually PMing this deviant.(though that's probably more bullshit on his part)

Would you like to place a bet on either claim young man?

WOULD YOU LIKE TO BET............UNLUCKY KENTUCKY........jesus and people ask this fella for advice?

how can a post that contains so much OPINION be accurate?......HE doesnt think Tan will fold the club....of course he says that, he is anti Tan..he manages to push this..you lot aint done enough to get him out message in every thread........a Swansea fan on a Cardiff message board canvassing support to get rid of Cardiffs billionaire owner.........you really cant make this up...

but he means us no harm...honest

Good post.