" SO WHAT REALLY IS THE TRUTH? "

" SO WHAT REALLY IS THE TRUTH? "

CCFC CEO'S

Simon Lim ex CEO

ken Choo current CEO

So the accounts for May 2014 will hopefully be put out publicly soon,I believe they were late to the League?

But over the last year many of us were led to believe City made a profit during there Premier League season as the money coming in were the richest of all time?
Now we are led to believe we made a loss?

Also Vincent Tan on many occasions has stated he has put in over £170 million in to our club?

I put out the other day that I believed our debts had finally come down massively due to all the revenue we had received and still are receiving,but apparently they have not?

So how badly is our club being run and still being run?

Who are we to believe,when were given information from the club itself?

I am still shocked that the debt has not fallen massively?

Our Chairman now states Tan will not be making our club debt Free,Debt to Equity until the Langston deal is finally dealt with,yet they have already paid them £16million apparently without knowing who they are paying?
For 4 years now we've been told our club would be made debt free and given many different excuses on the way?

I honestly find all of this totally bizarre and am lost by it all?

I honestly would like to know the truth and if the club really is now being run properly, as for the last 4 years it seems to have been out of control and we have seen up to 6 different CEO"S come and go.


Thanks to Keith,an accountant,we have been kept updated,but I believe he is a bit shocked by it all as well?


Keith Morgan aka Since62 wrote :

I have not seen the May 2014 accounts , but I was at the meeting on Tuesday when both the CEO and the club`s financial controller lady stated that the accounts wil show a loss. I expressed my surprise as the previous CEO had said that they would show a profit of between £10m and £12m.


SO WHAT REALLY IS THE TRUTH?

" SO WHAT REALLY IS THE TRUTH? "

CCFC CEO'S

Simon Lim ex CEO

ken Choo current CEO

So the accounts for May 2014 will hopefully be put out publicly soon,I believe they were late to the League?

But over the last year many of us were led to believe City made a profit during there Premier League season as the money coming in were the richest of all time?
Now we are led to believe we made a loss?

Also Vincent Tan on many occasions has stated he has put in over £170 million in to our club?

I put out the other day that I believed our debts had finally come down massively due to all the revenue we had received and still are receiving,but apparently they have not?

So how badly is our club being run and still being run?

Who are we to believe,when were given information from the club itself?

I am still shocked that the debt has not fallen massively?

Our Chairman now states Tan will not be making our club debt Free,Debt to Equity until the Langston deal is finally dealt with,yet they have already paid them £16million apparently without knowing who they are paying?
For 4 years now we've been told our club would be made debt free and given many different excuses on the way?

I honestly find all of this totally bizarre and am lost by it all?

I honestly would like to know the truth and if the club really is now being run properly, as for the last 4 years it seems to have been out of control and we have seen up to 6 different CEO"S come and go.


Thanks to Keith,an accountant,we have been kept updated,but I believe he is a bit shocked by it all as well?


Keith Morgan aka Since62 wrote :

I have not seen the May 2014 accounts , but I was at the meeting on Tuesday when both the CEO and the club`s financial controller lady stated that the accounts wil show a loss. I expressed my surprise as the previous CEO had said that they would show a profit of between £10m and £12m.


SO WHAT REALLY IS THE TRUTH?

Where has tan said he's put 170 million in cause I can't see it any where ,only a BBC article about dalman saying he invested 150 million ?

" SO WHAT REALLY IS THE TRUTH? "

CCFC CEO'S

Simon Lim ex CEO

ken Choo current CEO

So the accounts for May 2014 will hopefully be put out publicly soon,I believe they were late to the League?

But over the last year many of us were led to believe City made a profit during there Premier League season as the money coming in were the richest of all time?
Now we are led to believe we made a loss?

Also Vincent Tan on many occasions has stated he has put in over £170 million in to our club?

I put out the other day that I believed our debts had finally come down massively due to all the revenue we had received and still are receiving,but apparently they have not?

So how badly is our club being run and still being run?

Who are we to believe,when were given information from the club itself?

I am still shocked that the debt has not fallen massively?

Our Chairman now states Tan will not be making our club debt Free,Debt to Equity until the Langston deal is finally dealt with,yet they have already paid them £16million apparently without knowing who they are paying?
For 4 years now we've been told our club would be made debt free and given many different excuses on the way?

I honestly find all of this totally bizarre and am lost by it all?

I honestly would like to know the truth and if the club really is now being run properly, as for the last 4 years it seems to have been out of control and we have seen up to 6 different CEO"S come and go.


Thanks to Keith,an accountant,we have been kept updated,but I believe he is a bit shocked by it all as well?


Keith Morgan aka Since62 wrote :

I have not seen the May 2014 accounts , but I was at the meeting on Tuesday when both the CEO and the club`s financial controller lady stated that the accounts wil show a loss. I expressed my surprise as the previous CEO had said that they would show a profit of between £10m and £12m.


SO WHAT REALLY IS THE TRUTH?

Where has tan said he's put 170 million in cause I can't see it any where ,only a BBC article about dalman saying he invested 150 million ?

Wez, you've stuck for a Tan from day one,you more than accepted his Red and still stick up for him.

Yes it's been on the BBC and in the papers,but most of all at the meetings I and others have attended at the club and been told to,to our faces. Plus it's widely known that Tan has stated this,but as usual your the only one says he does not know?
You yourself has also stated the club made a profit last season,are you not shocked that apparently we lost money?

Don't you want to know the whole truth?

I honestly would like to know the truth and if the club really is now being run properly, as for the last 4 years it seems to have been out of control and we have seen up to 6 different CEO"S come and go.

I seen it in an interview a while back it was around 170million then said by tan.

I seen it in an interview a while back it was around 170million then said by tan.

Ian, it's been said a number of times,including in meetings etc,but there are always some who will stick up for him no matter how much our club has been destroyed. Perhaps they needed to have been watching the games the last 4 years to realise how much this club has lost all it's heart and Soul and that's why thousands have now stopped going,they can't take anymore bullshit etc.

" SO WHAT REALLY IS THE TRUTH? "

CCFC CEO'S

Simon Lim ex CEO

ken Choo current CEO

So the accounts for May 2014 will hopefully be put out publicly soon,I believe they were late to the League?

But over the last year many of us were led to believe City made a profit during there Premier League season as the money coming in were the richest of all time?
Now we are led to believe we made a loss?

Also Vincent Tan on many occasions has stated he has put in over £170 million in to our club?

I put out the other day that I believed our debts had finally come down massively due to all the revenue we had received and still are receiving,but apparently they have not?

So how badly is our club being run and still being run?

Who are we to believe,when were given information from the club itself?

I am still shocked that the debt has not fallen massively?

Our Chairman now states Tan will not be making our club debt Free,Debt to Equity until the Langston deal is finally dealt with,yet they have already paid them £16million apparently without knowing who they are paying?
For 4 years now we've been told our club would be made debt free and given many different excuses on the way?

I honestly find all of this totally bizarre and am lost by it all?




Thanks to Keith,an accountant,we have been kept updated,but I believe he is a bit shocked by it all as well?


Keith Morgan aka Since62 wrote :

I have not seen the May 2014 accounts , but I was at the meeting on Tuesday when both the CEO and the club`s financial controller lady stated that the accounts wil show a loss. I expressed my surprise as the previous CEO had said that they would show a profit of between £10m and £12m.


SO WHAT REALLY IS THE TRUTH?

Where has tan said he's put 170 million in cause I can't see it any where ,only a BBC article about dalman saying he invested 150 million ?

Wez, you've stuck for a Tan from day one,you more than accepted his Red and still stick up for him.

Yes it's been on the BBC and in the papers,but most of all at the meetings I and others have attended at the club and been told to,to our faces. Plus it's widely known that Tan has stated this,but as usual your the only one says he does not know?
You yourself has also stated the club made a profit last season,are you not shocked that apparently we lost money?

Don't you want to know the whole truth?

Not one quote from tan has said he's put 170 million in ,can you prove that he said it or are you trying to scaremonger again ,you and Carl through updates have also said you have been told from various sources that the club has made a profit and tan hasnrvhad to make any other loans to the club for a while ,there is so much mis information about, most of it is coming from this message board ,untill the accounts come out we won't know the true picture ,the last accounts we were 119 million in total debt if we are now 170 million as you have stated for a while now ,that would mean we have lost 50 million which I just can't see us doing

I seen it in an interview a while back it was around 170million then said by tan.

Where ? Last interview he done said we were 80 million in debt I posted it on another thread last night do you believe that we are 170 m in debt like staTed on here all the time by Annis

" SO WHAT REALLY IS THE TRUTH? "

CCFC CEO'S

Simon Lim ex CEO

ken Choo current CEO

So the accounts for May 2014 will hopefully be put out publicly soon,I believe they were late to the League?

But over the last year many of us were led to believe City made a profit during there Premier League season as the money coming in were the richest of all time?
Now we are led to believe we made a loss?

Also Vincent Tan on many occasions has stated he has put in over £170 million in to our club?

I put out the other day that I believed our debts had finally come down massively due to all the revenue we had received and still are receiving,but apparently they have not?

So how badly is our club being run and still being run?

Who are we to believe,when were given information from the club itself?

I am still shocked that the debt has not fallen massively?

Our Chairman now states Tan will not be making our club debt Free,Debt to Equity until the Langston deal is finally dealt with,yet they have already paid them £16million apparently without knowing who they are paying?
For 4 years now we've been told our club would be made debt free and given many different excuses on the way?

I honestly find all of this totally bizarre and am lost by it all?




Thanks to Keith,an accountant,we have been kept updated,but I believe he is a bit shocked by it all as well?


Keith Morgan aka Since62 wrote :

I have not seen the May 2014 accounts , but I was at the meeting on Tuesday when both the CEO and the club`s financial controller lady stated that the accounts wil show a loss. I expressed my surprise as the previous CEO had said that they would show a profit of between £10m and £12m.


SO WHAT REALLY IS THE TRUTH?

Where has tan said he's put 170 million in cause I can't see it any where ,only a BBC article about dalman saying he invested 150 million ?

Wez, you've stuck for a Tan from day one,you more than accepted his Red and still stick up for him.

Yes it's been on the BBC and in the papers,but most of all at the meetings I and others have attended at the club and been told to,to our faces. Plus it's widely known that Tan has stated this,but as usual your the only one says he does not know?
You yourself has also stated the club made a profit last season,are you not shocked that apparently we lost money?

Don't you want to know the whole truth?

Not one quote from tan has said he's put 170 million in ,can you prove that he said it or are you trying to scaremonger again ,you and Carl through updates have also said you have been told from various sources that the club has made a profit and tan hasnrvhad to make any other loans to the club for a while ,there is so much mis information about, most of it is coming from this message board ,untill the accounts come out we won't know the true picture ,the last accounts we were 119 million in total debt if we are now 170 million as you have stated for a while now ,that would mean we have lost 50 million which I just can't see us doing

Well I've heard it for myself first hand

Yes I do agree with you there is so much different information coming out from the club and from the media and from this forum due to the Circus of a club we support.

AND THAT IS WHY I HAVE JUST ASKED ALLL THE ABOVE QUESTIONS

WHAT REALLY IS THE TRUTH,SIMPLE QUESTION?

I seen it in an interview a while back it was around 170million then said by tan.

Where ? Last interview he done said we were 80 million in debt I posted it on another thread last night do you believe that we are 170 m in debt like staTed on here all the time by Annis

Well its not made up if I've seen It myself wez have a look at the LINK a massive headline read that. I couldn't care what Annis says tbh as I've seen it myself ages ago http://www.walesonline.co.uk/sport/foot ... an-7862598

On this board the truth is what you wanton to believe? keith yesterday as also said debt could be around 66m due to Way it is managed! It went from 60m to 130m in 2 months!! Both me and wez replied to this post! And Keith stated its hard to know exact amount as accounts are not clearly explained! Yes we would all like to know but guess we won't until such time we are sold or if debt is swapped for equity?

As they say in the x files, the truth is out there!

As they say in the x files, the truth is out there!

I struggle to get to £170m but I think Tan has been here nearly five years and in that time we have always over spent by at least £1m per month just on regular things like wages. That makes £60m added to the original £40m ish before he arrived. I don't know what our net transfer spend is over that time but I would guess it is about £30m and then there is the stadium expansion which cost at least £10m if I recall correctly. So that makes £140m, I would assume the £60m + £20m tv rights should come off that but I've got a feeling our wages are even more crazy than we think for this season and last season.

Last accounts we showed a debt of £118m so I would hope if it is a loss it isn't a big loss unless the transfer fees for players like medal, caulker and mutch aren't showing yet.

As far as I am concerned Tan had the opportunity to strip the club back to a realistic budget when he first came here. Doing after you have pissed away £66m is a bit late. (last years accounts showed he was owed £66m)

End of year accounts showing a loss, doesn't necessarily mean the club is being run badly. It could just mean we have a very clever accountant!!

End of year accounts showing a loss, doesn't necessarily mean the club is being run badly. It could just mean we have a very clever accountant!!

If you are suggesting that the figures are adjusted (quite legally) to prevent a profit being shown for tax purposes , that just doesn`t make sense.

The club has made such big losses for several years that it has plenty of available losses for many years to come to offset against future profits before it will get anywhere near having to pay corporation tax on an annual profit.

just another same old sticky
how many more we going to have on the same subject
when I feel sick about something a try to forget it not linger on it unless I CAN ACTUALLY DO SOME THING ABOUT IT
NO ONE ON HERE CAN DO ANYTHING ABOUT OUR CLUBS DEBT except maybe add to it by not supporting the club by renewing season tickets using the club shop etc

wez I don't know why you bother
facts mean f all to some
this topic is totally guess work

End of year accounts showing a loss, doesn't necessarily mean the club is being run badly. It could just mean we have a very clever accountant!!

I'm certainly no expert on this but if the accounts are up to the period ending May 2014 we will have recouped tens of millions of pounds from the sale of players like Medel, Caulker and Mutch since then which will show up in the accounts up to May 2015. Also it depends upon when the £65m is paid for our season in the Premier League. I expect a chunk of that will be paid after the end of last season as well as the fact that the parachute payments will not have been paid to us within the accounting period in question. We could well have made a loss last year but with all the monies we've brought in since May 2014 I expect us to show a big profit next time.

spot on
any growing business will carry outstanding monies owed to them
depending what terms they are on
eg the printing trade historicaly work on 90 days
that's three months
im sure football clubs work together during transfers to come up with best terms to suit both clubs as to when showing payment dates
so when looking at our accounts its important to look at starting/finishing dates
and what is left out etc
a straight foreward profit or loss can be deceiving

I'm certainly no expert on this but if the accounts are up to the period ending May 2014 we will have recouped tens of millions of pounds from the sale of players like Medel, Caulker and Mutch since then which will show up in the accounts up to May 2015.

I may be wrong (perhaps someone more enlightened may know) but we probably never made any money whatsoever in player sale, for example, when we 'buy' a player like Medel we probably put a down payment of say 3 million of the 10 million transfer fee and the rest is spread over X amount of years so we probably still 'owed' 5 million to the club we bought from so when he was sold to Milan the same thing probably happens so any money still coming from Milan goes to Valencia??? So in effect if we sold him for what we bought him for but we still accrued debt for his wages and bonuses and image rights for the season he was here.
For those who know the transfer payment system a bit better can you please shed some light on this

" SO WHAT REALLY IS THE TRUTH? "

CCFC CEO'S

Simon Lim ex CEO

ken Choo current CEO

So the accounts for May 2014 will hopefully be put out publicly soon,I believe they were late to the League?

But over the last year many of us were led to believe City made a profit during there Premier League season as the money coming in were the richest of all time?
Now we are led to believe we made a loss?

Also Vincent Tan on many occasions has stated he has put in over £170 million in to our club?

I put out the other day that I believed our debts had finally come down massively due to all the revenue we had received and still are receiving,but apparently they have not?

So how badly is our club being run and still being run?

Who are we to believe,when were given information from the club itself?

I am still shocked that the debt has not fallen massively?

Our Chairman now states Tan will not be making our club debt Free,Debt to Equity until the Langston deal is finally dealt with,yet they have already paid them £16million apparently without knowing who they are paying?
For 4 years now we've been told our club would be made debt free and given many different excuses on the way?

I honestly find all of this totally bizarre and am lost by it all?

I honestly would like to know the truth and if the club really is now being run properly, as for the last 4 years it seems to have been out of control and we have seen up to 6 different CEO"S come and go.


Thanks to Keith,an accountant,we have been kept updated,but I believe he is a bit shocked by it all as well?


Keith Morgan aka Since62 wrote :

I have not seen the May 2014 accounts , but I was at the meeting on Tuesday when both the CEO and the club`s financial controller lady stated that the accounts wil show a loss. I expressed my surprise as the previous CEO had said that they would show a profit of between £10m and £12m.


SO WHAT REALLY IS THE TRUTH?

Where has tan said he's put 170 million in cause I can't see it any where ,only a BBC article about dalman saying he invested 150 million ?

Wez, you've stuck for a Tan from day one,you more than accepted his Red and still stick up for him.

Yes it's been on the BBC and in the papers,but most of all at the meetings I and others have attended at the club and been told to,to our faces. Plus it's widely known that Tan has stated this,but as usual your the only one says he does not know?
You yourself has also stated the club made a profit last season,are you not shocked that apparently we lost money?

Don't you want to know the whole truth?

I honestly would like to know the truth and if the club really is now being run properly, as for the last 4 years it seems to have been out of control and we have seen up to 6 different CEO"S come and go.

So did you ! i have seen your letter you wrote to Mr Tan when he first joined and you were right behind him and "all he wants to do with the club"
You may have conveniently forgotten about it but i have not .
Don`t be a hypocrite !
Ban me , i don`t really care , i will just make another account , and even if you try to I.P ban me i will just change my I.P and join again .
Truth is you are the one who has massively back tracked but doesn't admit it , instead pretending you were against the re-brand from the start - Which you were not !

So who thinks that this club is being run well?

Bickering over the amount of debt is a distraction.

I think the truth is that there is still huge debt and the PL money just got sumped into the vortex.

I bet someone will decide to dispute this too!

I honestly don't know why people worry about things that they have no influence over at all, life's just too short for that. How anyone can think we made a profit in our premiership year just astounds me given the amount managers wasted on inflated transfer fees for the players we got and the wages they put them on. I was also under the impression that the money we got for being in the premier league was drip fed to clubs and so some of it would be in the next accounts not the ones due.

So who thinks that this club is being run well?

Bickering over the amount of debt is a distraction.

I think the truth is that there is still huge debt and the PL money just got sumped into the vortex.

I bet someone will decide to dispute this too!

I think this drastic transitional period we are going through at the moment will pay off eventually. Especially if we manage to avoid relegation. We are heading towards being a self sustaining club instead of a club that spends beyond its means. And with the emphasis on bringing players in who want to come here and play football, instead of picking up huge pay checks then the future could be a bright one on and off the field........ That's what I'm hoping for anyway

I honestly don't know why people worry about things that they have no influence over at all, life's just too short for that. How anyone can think we made a profit in our premiership year just astounds me given the amount managers wasted on inflated transfer fees for the players we got and the wages they put them on. I was also under the impression that the money we got for being in the premier league was drip fed to clubs and so some of it would be in the next accounts not the ones due.

You are right monies are payed over a period of time in lump sums! So can never get really accurate accnts until well after season is over. As where you finished depends on amount you get! Also transfer monies are still being payed or received to add to confusion:thumbright:

The biggest difference with the debt now compared to previous large debts is we have a owner who can afford it.

just another same old sticky
how many more we going to have on the same subject
when I feel sick about something a try to forget it not linger on it unless I CAN ACTUALLY DO SOME THING ABOUT IT
NO ONE ON HERE CAN DO ANYTHING ABOUT OUR CLUBS DEBT except maybe add to it by not supporting the club by renewing season tickets using the club shop etc

spot on shall we change the name of this board to theknockingtanforum then everybody will know we it stands

just another same old sticky
how many more we going to have on the same subject
when I feel sick about something a try to forget it not linger on it unless I CAN ACTUALLY DO SOME THING ABOUT IT
NO ONE ON HERE CAN DO ANYTHING ABOUT OUR CLUBS DEBT except maybe add to it by not supporting the club by renewing season tickets using the club shop etc

spot on shall we change the name of this board to theknockingtanforum then everybody will know we it stands

I could to some extent tolerate the Tan knockers provided they could come up with a realistic alternative to safeguard the future of the Club and indeed help it to progress. But the big problem is that they can't.

The biggest difference with the debt now compared to previous large debts is we have a owner who can afford it.

Exactly ,maybe now tan has listened and change the colour back fans should try dialogue with him instead of the vendetta certain people have against him and the club