Thu Aug 07, 2014 1:06 pm
Thu Aug 07, 2014 1:09 pm
Green Arrow wrote:1. I don't mean loans from himself
2. I don't mean loans from the bank
I mean sold other assets and completely wiped it out putting hCardiff City FC financially in the black and put in a financial plan to get us making money annually.....
Would you accept the rebrand of red at home and blue away from home?
Thu Aug 07, 2014 1:11 pm
wez1927 wrote:Green Arrow wrote:1. I don't mean loans from himself
2. I don't mean loans from the bank
I mean sold other assets and completely wiped it out putting hCardiff City FC financially in the black and put in a financial plan to get us making money annually.....
Would you accept the rebrand of red at home and blue away from home?
He has wiped off all debt ,he owns the club out right and any monies he puts in he can take back
Thu Aug 07, 2014 1:32 pm
wez1927 wrote:Green Arrow wrote:1. I don't mean loans from himself
2. I don't mean loans from the bank
I mean sold other assets and completely wiped it out putting hCardiff City FC financially in the black and put in a financial plan to get us making money annually.....
Would you accept the rebrand of red at home and blue away from home?
He has wiped off all debt ,he owns the club out right and any monies he puts in he can take back
Thu Aug 07, 2014 1:52 pm
Thu Aug 07, 2014 1:58 pm
Thu Aug 07, 2014 2:00 pm
scott_w_ccfc wrote:Not a chance. The sooner he gets out of the club the better, and I'll never return to the CCS until he does or turns us back blue.
Thu Aug 07, 2014 2:11 pm
Military Junta wrote:wez1927 wrote:Green Arrow wrote:1. I don't mean loans from himself
2. I don't mean loans from the bank
I mean sold other assets and completely wiped it out putting hCardiff City FC financially in the black and put in a financial plan to get us making money annually.....
Would you accept the rebrand of red at home and blue away from home?
He has wiped off all debt ,he owns the club out right and any monies he puts in he can take back
Go on Wez, completely disregard the first point Green Arrow stated just to strengthen your argument
Thu Aug 07, 2014 2:12 pm
scott_w_ccfc wrote:Not a chance. The sooner he gets out of the club the better, and I'll never return to the CCS until he does or turns us back blue.
Thu Aug 07, 2014 2:14 pm
Green Arrow wrote:wez1927 wrote:Green Arrow wrote:1. I don't mean loans from himself
2. I don't mean loans from the bank
I mean sold other assets and completely wiped it out putting hCardiff City FC financially in the black and put in a financial plan to get us making money annually.....
Would you accept the rebrand of red at home and blue away from home?
He has wiped off all debt ,he owns the club out right and any monies he puts in he can take back
Do you even understand how business works? If we owe Tan loans then the club has outstanding liabilities and therefore is not financially self sufficient or in a sustainable position. Tan loaning the club money is not the same as him wiping the debt. All he has done so far is transfer the debt to himself. That is not what I asked. Liverpool loaned under Hicks and Gillett from Barclay's. It nearly sent them to the financial wall. Most Cardiff fans don't want that and whilst there are outstanding liabilities (which you'll see if you check companies house or duedil) we have that risk.
I will be honest, if Tan wiped our debt out and made some cuts to put us in the black I'd probably accept red at home. Him wiping out our debt as opposed to loaning it and being able to call it in under any new owner would prove to me he believes in Cardiff City. Whilst he uses loans there is always a risk he will sell up to someone and then call in what he is owed (unless the debt is paid off on purchase of the club) and leave the club crippled. Sorry Wez but that seems to me that Tan is only willing to put one foot in the swimming pool and have an escape route if he needs one. That isn't my idea of long term commitment.
Some will say due to Tan being owed the money and Tan owning the club there's no risk. These people do not understand how business works. Cardiff City as a Ltd company owe Tan money and he can call that in whenever he likes now (doesn't make sense) or under new owners permitting the debts are not paid off during the sale of the club.
The club is at just as much risk now financially as it was whilst we had other liabilities outstanding or arguably even at more risk. Tan doesn't owe himself the money. Cardiff City owes Tan the money.
Thu Aug 07, 2014 2:31 pm
Thu Aug 07, 2014 2:33 pm
BLUEBIRD57 wrote:scott_w_ccfc wrote:Not a chance. The sooner he gets out of the club the better, and I'll never return to the CCS until he does or turns us back blue.
Poor boy,if it wasn't for Tan you wouldn't have a club to walk away from,Red or Blue.
Thu Aug 07, 2014 2:43 pm
pensionerbluebird wrote:Tan does not own the club outright he is the biggest share holder with less than 50per cent of the shares or have I missed the announcement that he was outright owner
Thu Aug 07, 2014 2:47 pm
Green Arrow wrote:1. I don't mean loans from himself
2. I don't mean loans from the bank
I mean sold other assets and completely wiped it out putting Cardiff City FC financially in the black and put in a financial plan to get us making money annually.....
Would you accept the rebrand of red at home and blue away from home?
Thu Aug 07, 2014 6:43 pm
scott_w_ccfc wrote:Not a chance. The sooner he gets out of the club the better, and I'll never return to the CCS until he does or turns us back blue.
Thu Aug 07, 2014 6:48 pm
RYANBLUE wrote:scott_w_ccfc wrote:Not a chance. The sooner he gets out of the club the better, and I'll never return to the CCS until he does or turns us back blue.
ur loss
Thu Aug 07, 2014 7:59 pm
Thu Aug 07, 2014 10:18 pm
murphy wrote:BLUEBIRD57 wrote:scott_w_ccfc wrote:Not a chance. The sooner he gets out of the club the better, and I'll never return to the CCS until he does or turns us back blue.
Poor boy,if it wasn't for Tan you wouldn't have a club to walk away from,Red or Blue.
Fri Aug 08, 2014 1:04 pm
wez1927 wrote:Green Arrow wrote:wez1927 wrote:Green Arrow wrote:1. I don't mean loans from himself
2. I don't mean loans from the bank
I mean sold other assets and completely wiped it out putting hCardiff City FC financially in the black and put in a financial plan to get us making money annually.....
Would you accept the rebrand of red at home and blue away from home?
He has wiped off all debt ,he owns the club out right and any monies he puts in he can take back
Do you even understand how business works? If we owe Tan loans then the club has outstanding liabilities and therefore is not financially self sufficient or in a sustainable position. Tan loaning the club money is not the same as him wiping the debt. All he has done so far is transfer the debt to himself. That is not what I asked. Liverpool loaned under Hicks and Gillett from Barclay's. It nearly sent them to the financial wall. Most Cardiff fans don't want that and whilst there are outstanding liabilities (which you'll see if you check companies house or duedil) we have that risk.
I will be honest, if Tan wiped our debt out and made some cuts to put us in the black I'd probably accept red at home. Him wiping out our debt as opposed to loaning it and being able to call it in under any new owner would prove to me he believes in Cardiff City. Whilst he uses loans there is always a risk he will sell up to someone and then call in what he is owed (unless the debt is paid off on purchase of the club) and leave the club crippled. Sorry Wez but that seems to me that Tan is only willing to put one foot in the swimming pool and have an escape route if he needs one. That isn't my idea of long term commitment.
Some will say due to Tan being owed the money and Tan owning the club there's no risk. These people do not understand how business works. Cardiff City as a Ltd company owe Tan money and he can call that in whenever he likes now (doesn't make sense) or under new owners permitting the debts are not paid off during the sale of the club.
The club is at just as much risk now financially as it was whilst we had other liabilities outstanding or arguably even at more risk. Tan doesn't owe himself the money. Cardiff City owes Tan the money.
Of course I know how business works I've had a few and been self employed for the last 15 years but football is unlike any other business model ,we don't owe money to anyone other than tan who is the outright owner of the club
Fri Aug 08, 2014 1:09 pm
Fri Aug 08, 2014 1:10 pm
Lordsheep wrote:wez1927 wrote:Green Arrow wrote:wez1927 wrote:Green Arrow wrote:1. I don't mean loans from himself
2. I don't mean loans from the bank
I mean sold other assets and completely wiped it out putting hCardiff City FC financially in the black and put in a financial plan to get us making money annually.....
Would you accept the rebrand of red at home and blue away from home?
He has wiped off all debt ,he owns the club out right and any monies he puts in he can take back
Do you even understand how business works? If we owe Tan loans then the club has outstanding liabilities and therefore is not financially self sufficient or in a sustainable position. Tan loaning the club money is not the same as him wiping the debt. All he has done so far is transfer the debt to himself. That is not what I asked. Liverpool loaned under Hicks and Gillett from Barclay's. It nearly sent them to the financial wall. Most Cardiff fans don't want that and whilst there are outstanding liabilities (which you'll see if you check companies house or duedil) we have that risk.
I will be honest, if Tan wiped our debt out and made some cuts to put us in the black I'd probably accept red at home. Him wiping out our debt as opposed to loaning it and being able to call it in under any new owner would prove to me he believes in Cardiff City. Whilst he uses loans there is always a risk he will sell up to someone and then call in what he is owed (unless the debt is paid off on purchase of the club) and leave the club crippled. Sorry Wez but that seems to me that Tan is only willing to put one foot in the swimming pool and have an escape route if he needs one. That isn't my idea of long term commitment.
Some will say due to Tan being owed the money and Tan owning the club there's no risk. These people do not understand how business works. Cardiff City as a Ltd company owe Tan money and he can call that in whenever he likes now (doesn't make sense) or under new owners permitting the debts are not paid off during the sale of the club.
The club is at just as much risk now financially as it was whilst we had other liabilities outstanding or arguably even at more risk. Tan doesn't owe himself the money. Cardiff City owes Tan the money.
Of course I know how business works I've had a few and been self employed for the last 15 years but football is unlike any other business model ,we don't owe money to anyone other than tan who is the outright owner of the club
No, that's not how it works. Remember when Sam walked away and we still owed him money? That's the same position we're in now, however instead of £20-30m, it's £100m+.
Let me state that again, and this is absolute fact. If Tan walks away, he is entitled to claim back his £100m.
The reason for this is that all money that has been transferred from Tan to CCFC since he took over was done so as a loan (NOT a gift; we have to pay it back). Tan can convert that loan to equity, and therefore clear some/all of the debt. However, he has not done that. We still owe him £100m.
Football is exactly like any other business when it comes to finance.
Fri Aug 08, 2014 6:19 pm
Lordsheep wrote:wez1927 wrote:Green Arrow wrote:wez1927 wrote:Green Arrow wrote:1. I don't mean loans from himself
2. I don't mean loans from the bank
I mean sold other assets and completely wiped it out putting hCardiff City FC financially in the black and put in a financial plan to get us making money annually.....
Would you accept the rebrand of red at home and blue away from home?
He has wiped off all debt ,he owns the club out right and any monies he puts in he can take back
Do you even understand how business works? If we owe Tan loans then the club has outstanding liabilities and therefore is not financially self sufficient or in a sustainable position. Tan loaning the club money is not the same as him wiping the debt. All he has done so far is transfer the debt to himself. That is not what I asked. Liverpool loaned under Hicks and Gillett from Barclay's. It nearly sent them to the financial wall. Most Cardiff fans don't want that and whilst there are outstanding liabilities (which you'll see if you check companies house or duedil) we have that risk.
I will be honest, if Tan wiped our debt out and made some cuts to put us in the black I'd probably accept red at home. Him wiping out our debt as opposed to loaning it and being able to call it in under any new owner would prove to me he believes in Cardiff City. Whilst he uses loans there is always a risk he will sell up to someone and then call in what he is owed (unless the debt is paid off on purchase of the club) and leave the club crippled. Sorry Wez but that seems to me that Tan is only willing to put one foot in the swimming pool and have an escape route if he needs one. That isn't my idea of long term commitment.
Some will say due to Tan being owed the money and Tan owning the club there's no risk. These people do not understand how business works. Cardiff City as a Ltd company owe Tan money and he can call that in whenever he likes now (doesn't make sense) or under new owners permitting the debts are not paid off during the sale of the club.
The club is at just as much risk now financially as it was whilst we had other liabilities outstanding or arguably even at more risk. Tan doesn't owe himself the money. Cardiff City owes Tan the money.
Of course I know how business works I've had a few and been self employed for the last 15 years but football is unlike any other business model ,we don't owe money to anyone other than tan who is the outright owner of the club
No, that's not how it works. Remember when Sam walked away and we still owed him money? That's the same position we're in now, however instead of £20-30m, it's £100m+.
Let me state that again, and this is absolute fact. If Tan walks away, he is entitled to claim back his £100m.
The reason for this is that all money that has been transferred from Tan to CCFC since he took over was done so as a loan (NOT a gift; we have to pay it back). Tan can convert that loan to equity, and therefore clear some/all of the debt. However, he has not done that. We still owe him £100m.
Football is exactly like any other business when it comes to finance.
Fri Aug 08, 2014 8:10 pm
Sat Aug 09, 2014 10:40 am
DandoCCFC wrote:murphy wrote:BLUEBIRD57 wrote:scott_w_ccfc wrote:Not a chance. The sooner he gets out of the club the better, and I'll never return to the CCS until he does or turns us back blue.
Poor boy,if it wasn't for Tan you wouldn't have a club to walk away from,Red or Blue.
Roll all you want, can't hide from the truth.
Sat Aug 09, 2014 11:01 am
Green Arrow wrote:1. I don't mean loans from himself
2. I don't mean loans from the bank
I mean sold other assets and completely wiped it out putting Cardiff City FC financially in the black and put in a financial plan to get us making money annually.....
Would you accept the rebrand of red at home and blue away from home?
Sat Aug 09, 2014 11:15 am
BLUEBIRD57 wrote:scott_w_ccfc wrote:Not a chance. The sooner he gets out of the club the better, and I'll never return to the CCS until he does or turns us back blue.
Sat Aug 09, 2014 2:10 pm
Green Arrow wrote:1. I don't mean loans from himself
2. I don't mean loans from the bank
I mean sold other assets and completely wiped it out putting Cardiff City FC financially in the black and put in a financial plan to get us making money annually.....
Would you accept the rebrand of red at home and blue away from home?
Sat Aug 09, 2014 2:31 pm
Sat Aug 09, 2014 2:36 pm
murphy wrote:The problem is theres too many moronic city fans who think one day we'll be a top prem club in a 60,000 stadium and want it playing in any colour. Forget it, it'll never happen! We might get to the prem again and have a few seasons there, we might win the Fa cup and good run in the europa the following season but we'll never be the huge club some of you deluded cunts crave. Forget it!