What has Vincent done with all the money?

We keep hearing that Cardiff's benevolent owner has been keeping the club afloat through injections of money. We are also reliably informed that under Tan's ownership the debt is now well in excess of £100m.

How has Mr Tan run up record debt levels when Cardiff City generated so much income over the past year?

There were record ST sales and gate receipts last season. The club received a guaranteed £63m for finishing bottom of the PL, plus an additional £15m this season in parachute payments (and £17m next season and £8m each for the following 2 seasons after that). On top of that, sponsorship and promotional income would also have soared as a result of PL football. In addition, the club also cashed in and recouped their fees on big money earners like Caulker and Medel in the summer?

Am I being naive in thinking that Tan has divided the fans, stripped away most of what the supporters identified with as being their club and also completely mismanaged the finances?

Am I missing something?

Am I missing something?

yes

Indeed how come he is still bailing us out each month.....so we are told.....yet have these parachute payments plus other things mentioned above.

Will have to wait for the accounts to be published? Or do people still think he is a clown & stupid?

Tan has destroyed the club, and yes he has completely mismanaged it.
Anybody with teh slightest bit of business sense can see that.

Increased debt
Driven away fans (customers)
Bully boy tactics over something he knows nothing about (running a football club)
Marketing is a disaster (typical cheap tacky far easten goods spring to mind).
Cannot accept being wrong (constantly blamimg Malky).
How many CEO's has he employed?

He is an egotistical maniac and should be driven out of the club, while we still have one.
As it looks like not being Red or Dead, but Red and Dead.

We keep hearing that Cardiff's benevolent owner has been keeping the club afloat through injections of money. We are also reliably informed that under Tan's ownership the debt is now well in excess of £100m.

How has Mr Tan run up record debt levels when Cardiff City generated so much income over the past year?

There were record ST sales and gate receipts last season. The club received a guaranteed £63m for finishing bottom of the PL, plus an additional £15m this season in parachute payments (and £17m next season and £8m each for the following 2 seasons after that). On top of that, sponsorship and promotional income would also have soared as a result of PL football. In addition, the club also cashed in and recouped their fees on big money earners like Caulker and Medel in the summer?

Am I being naive in thinking that Tan has divided the fans, stripped away most of what the supporters identified with as being their club and also completely mismanaged the finances?

Am I missing something?

we have over 30+ first team regulars on premier league contracts?

thats about 40-50mil per year on them alone, let alone any other running costs

We keep hearing that Cardiff's benevolent owner has been keeping the club afloat through injections of money. We are also reliably informed that under Tan's ownership the debt is now well in excess of £100m.

How has Mr Tan run up record debt levels when Cardiff City generated so much income over the past year?

There were record ST sales and gate receipts last season. The club received a guaranteed £63m for finishing bottom of the PL, plus an additional £15m this season in parachute payments (and £17m next season and £8m each for the following 2 seasons after that). On top of that, sponsorship and promotional income would also have soared as a result of PL football. In addition, the club also cashed in and recouped their fees on big money earners like Caulker and Medel in the summer?

Am I being naive in thinking that Tan has divided the fans, stripped away most of what the supporters identified with as being their club and also completely mismanaged the finances?

Am I missing something?

we have over 30+ first team regulars on premier league contracts?

thats about 40-50mil per year on them alone, let alone any other running costs

I wouldn't dispute that. Ask yourself though, who is the man who has allowed that situation to develop?

And then ask yourself, why no debt has been converted to equity and why a windfall of £120m of TV money alone (over last season and the next couple) has failed to make any sort of a dent into Vinny's growing debt mountain.

There are a lot of people, on this board in particular, who continue to defend Vincent Tan's ownership of Cardiff City, I'd be particularly keen to hear from them.

To loosely touch on this topic but also ask another finance related question that has been bugging me - tan keeps saying ' Malky spent this' or ' Malky and Moody overspent here and made dodgy payments to.... ' etc but did Malky Mackay really physically keep the club cheque book and online banking chip and pin device in his desk at the training ground?

I find it hard to believe that someone in a senior board level position didn't have to sanction the spending of any money on a transfer / player package. Let's be fair we are not talking about a few hundred pounds we are talking about millions on transfers - if tan mis managed the club that badly that there are no financial controls in place that's his fault for being a retard.

Maybe that does explain the answer to this post - tan hasn't got a clue where the finances are because nobody was controlling it? But ultimately - that is HIS responsibility isn't it?

Seems like a massive cock up for a business man worth billions?

Thoughts guys?

We keep hearing that Cardiff's benevolent owner has been keeping the club afloat through injections of money. We are also reliably informed that under Tan's ownership the debt is now well in excess of £100m.

How has Mr Tan run up record debt levels when Cardiff City generated so much income over the past year?

There were record ST sales and gate receipts last season. The club received a guaranteed £63m for finishing bottom of the PL, plus an additional £15m this season in parachute payments (and £17m next season and £8m each for the following 2 seasons after that). On top of that, sponsorship and promotional income would also have soared as a result of PL football. In addition, the club also cashed in and recouped their fees on big money earners like Caulker and Medel in the summer?

Am I being naive in thinking that Tan has divided the fans, stripped away most of what the supporters identified with as being their club and also completely mismanaged the finances?

Am I missing something?

we have over 30+ first team regulars on premier league contracts?

thats about 40-50mil per year on them alone, let alone any other running costs

I wouldn't dispute that. Ask yourself though, who is the man who has allowed that situation to develop?

And then ask yourself, why no debt has been converted to equity and why a windfall of £120m of TV money alone (over last season and the next couple) has failed to make any sort of a dent into Vinny's growing debt mountain.

There are a lot of people, on this board in particular, who continue to defend Vincent Tan's ownership of Cardiff City, I'd be particularly keen to hear from them.

nobody defends tans ownership but do put a balanced view instead of ott biase that leads to a boring anti tan forum!!
since tan has been here there has been the same things said about our debt ect ect, and in truth no one knows precisely what the debt is or where money goes or anything else financial for that matter, genearally it is just hear say or speculation ect ect, so unless we go bust dont think we will only know true financial state of club if or when tan leaves,