£68mill debt into equity and £10mill written off

bbc wales are reporting


viewtopic.php?f=2&t=169013

Cardiff owner Vincent Tan to convert £8m of remaining £40m debt into equity every year so club is debt free by 2021



viewtopic.php?f=2&t=169013

Cardiff owner Vincent Tan to convert £8m of remaining £40m debt into equity every year so club is debt free by 2021

where you reading this?


excellent news if true

Wonder what the Sam fans will have to say about this, you know the owner that was meant to have the club close to his heart?

Cardiff owner Vincent Tan to convert £8m of remaining £40m debt into equity every year so club is debt free by 2021

where you reading this?


excellent news if true

It is on bbc sport wales official twitter account

http://www.walesonline.co.uk/sport/foot ... t-10875878

Cardiff owner Vincent Tan to convert £8m of remaining £40m debt into equity every year so club is debt free by 2021

where you reading this?


excellent news if true

BBC Wales Sport ‏@BBCWalesSport 13m13 minutes ago
Cardiff owner Vincent Tan reduces club’s debt by more than half as he is converting £68m of debt into equity and writing off another £10m

BBC Wales Sport ‏@BBCWalesSport 9m9 minutes ago
BBC Wales Sport Retweeted BBC Wales Sport
Cardiff owner Vincent Tan to convert £8m of remaining £40m debt into equity every year so club is debt free by 2021

im going to sound like a downer.


but what about any potential additional debt we gain within those 5 years?

Well old Vinny has just given CCFC £68M surly now he deserves some praise?

im going to sound like a downer.


but what about any potential additional debt we gain within those 5 years?

Under FFP owners can 'gift' monies as we have just seen or inject further capital by issuing more shares (£3m I think it is). So yes we will probably continue to lose money but VT can write it off.

Mind you his plan will probably be to get us promoted.

Credit where it's due. This is the best news the club has had for a long time.

Still have a parachute payment to come (it runs out after 3 years I believe). Live within our means now - and bring in Bellamy as manager.

im going to sound like a downer.


but what about any potential additional debt we gain within those 5 years?

Just my opinion but I think he will make sure we stay within our means from now on
Can't fault this
And he's here for the long term obviously

im going to sound like a downer.


but what about any potential additional debt we gain within those 5 years?

Just my opinion but I think he will make sure we stay within our means from now on
Can't fault this
And he's here for the long term obviously

and as someone else mentioned, still have 2 seasons of parachute payments, and the wage bill is dropping quite a lot with every transfer window

Well well well what is all the Sam lovers going to moan about now ,tan true to his word again ,I hope Annis will be applauding him for this

Well well well what is all the Sam lovers going to moan about now ,tan true to his word again ,I hope Annis will be applauding him for this

Christ mate, we all want what's best for the club, there's no need to be so smarmy about it.

Well well well what is all the Sam lovers going to moan about now ,tan true to his word again ,I hope Annis will be applauding him for this

Christ mate, we all want what's best for the club, there's no need to be so smarmy about it.

Sorry but enough is enough for years people have been pushing an agenda slating the club and tan off and praising the leech Sam ,so today has proved them wrong just like the Langstone case

Well old Vinny has just given CCFC £68M surly now he deserves some praise?

Paying it off out of the £100m +++ he made from us being in the Premier league?

Well well well what is all the Sam lovers going to moan about now ,tan true to his word again ,I hope Annis will be applauding him for this

Christ mate, we all want what's best for the club, there's no need to be so smarmy about it.

Sorry but enough is enough for years people have been pushing an agenda slating the club and tan off and praising the leech Sam ,so today has proved them wrong just like the Langstone case

I couldn't care less about Sam Hammam personally. However, the news about the debt reduction is tremendous, but it doesn't instantly eradicate the damage his foolish actions over the last four years have caused to the fan base of the club. If he contuinues in this vein i can forgive him but it won't be forgotten. More of the same please Tan.

Well old Vinny has just given CCFC £68M surly now he deserves some praise?

Paying it off out of the £100m +++ he made from us being in the Premier league?

But he didn`t make anything from us being in the Premier League. On what basis do you think he did?

Well old Vinny has just given CCFC £68M surly now he deserves some praise?

Paying it off out of the £100m +++ he made from us being in the Premier league?

We didn't make that did we tho, we made a 12 m loss

Well old Vinny has just given CCFC £68M surly now he deserves some praise?

Paying it off out of the £100m +++ he made from us being in the Premier league?

But he didn`t make anything from us being in the Premier League. On what basis do you think he did?

So what happened to all the Premeir League money?
When he took over we owed £30M (allegedly) and it recently rose to £180M (allegedly).
If the club owed £180m and received £100m - £120m (totalling upto £300m) then how did that happen?
How did he allow it to spiral out of control?

im going to sound like a downer.


but what about any potential additional debt we gain within those 5 years?

Just my opinion but I think he will make sure we stay within our means from now on
Can't fault this
And he's here for the long term obviously

and as someone else mentioned, still have 2 seasons of parachute payments, and the wage bill is dropping quite a lot with every transfer window

Two seasons of parachute payments to come , £9 million next season and £9 million the season after , this season we are receiving £18 million

Tan said he was zero but one day he will be the hero.