ANGRY CARDIFF CHAIRMAN DALMAN DISMISSES 'INSANE' FANS CLAIMS

Angry Cardiff City chairman Mehmet Dalman dismisses 'insane' fans' claims of 'asset stripping' by Vincent Tan

Cardiff City chairman Mehmet Dalman has described claims Tan is stripping the club of its assets as 'insane'

" Vincent Tan needs to recoup £200million. What is he going to sell to recoup that sort of figure?

Thursday 8th September 2016

By Paul Abbandonato

Cardiff City chairman Mehmet Dalman has dismissed suggestions Vincent Tan is not committed to the Bluebirds any more and says claims of 'asset-stripping' anger him.

Dalman spelt out the truth about Tan as fans express concern over recent cutbacks, which have included the sale of the Bluebirds' captain and star player David Marshall to Premier League Hull.

Malaysian owner Tan has not attended many Cardiff matches in recent times, fuelling further speculation from some fans on social media about his wish to remain involved at the Cardiff helm.






A full and frank Q&A with Dalman on everything Cardiff City will appear shortly.

But as a flavour of the interview, Dalman moved to set the record straight on Tan by saying: "I don't get annoyed very often, but I do get irritated when people say Vincent Tan wants to sell to strip assets, and that sort of thing.

"Are you insane, is my response to that? After how much money this man has put into this club, and continues to put in. Believe me, he couldn't asset strip even if he wanted to.

"He needs to recoup £200million. What is he going to sell to recoup that sort of figure?

"Look, the only time he wants us to sell is to balance the books as well as we can in order to meet Financial Fair Play requirements.

"Anybody who makes these asset-strip comments are either flawed when it comes to basic arithmetic, deliberately want to look at things just one way, or are plain wrong.

"Of course he's still committed to this club. Okay, I know he's not here at games, but the world has changed in the last two years and he has businesses to run in the far east.

"He needs to make money from those businesses to put into Cardiff City FC, which he continues to do.

"I find it disappointing people are questioning him like this and I also think it's unfair. If it wasn't for him, where on earth would this club be today? Yet despite the criticism, he has no wish to just dump it and move on.

"Let's be a little more fair. The man used to come to games and got stick, even after we changed back from red to blue. If he doesn't come, he also gets stick from some.

"He can't just drop his businesses any more and come over here the whole time. But Vincent is up at 4am Malaysian time, watching every Cardiff game. He doesn't miss a thing."

Asked about another claim on social media, that Tan is looking to get the club in financial shape to sell, Dalman replied: "Nonsense again. If we sell players he's asset stripping! If we run the club properly, he's doing it to sell it! If he doesn't come to games, he's not committed!

"Come on, is there anything we can do right here?

"We've had zero bids to buy this club. Fact. There was a rumour going around about some Sheik wanting to buy it... which had about as much truth as the suggestion that Turkish bloke was going to be our manager a few months back.

"What we're doing, and what Vincent wants us to do, is create a more sustainable financial model for Cardiff City FC."

Club chief executive Ken Choo backed Dalman by saying: "Vincent is fully committed. He wants us to run the club to the maximum loss permitted under FFP regulations. He plays by the rules, but very much still puts in money."

You do not have the required permissions to view the files attached to this post.

straight from the horse's mouth some people on here won't like this

Many die hard football fans at this club won't forget being talked about as statistics and won't forget the disrespect shown to us. That's why he'll always get stick, he's a villain in many Cardiff fans eyes and always will be. Whatever good he does will always be tarnished.

I hear/see a lot of PR spin in this.

To describe accusations of asset stripping as "insane" is quite ironic, because you'd have to be insane not to realise the club was cutting its cloth.

Oh and was it really "insane" thinking "that Turkish bloke" was going to become manager? - When YOU Mr. Dalman, presented us with "that Norwegian bloke" instead! That turned out well. In fact, I think YOU Mr. Dalman, can shoulder a large portion of the blame for running this club further into the ground. I have never ever heard of a club terminating contracts of multi-million pound "professional" footballers until you and your cronies rocked up in town.


All you have done since you've been here is play-act being an intelligent football-brain. Now you're play-acting being an intelligent financial brain. Please move yourself and your beloved Mr. Tan onto another football club that would be "more grateful" of your absolute rubbish than we are.

As for the £200m or so "invested", none of us did that to you or Tan at gunpoint. You made truly shocking decisions time and time again.

Oh so often it was the fans that were blamed for being "too this" or "too that". You don't even know how to get us to come to games, you think the best way is lying. Again, YOU Mr. Dalman, are wrong.

Now its £200million it just gets worse, you've got to laugh otherwise you would breakdown and cry with all the bullshit and spin coming out.

We've received over £120mill in Sky money/Sponsorship/Gate money etc etc

May I pick him up on one small insignificant point.

To my knowledge Tan has been to three games since we turned back to blue - the Wolves home game after the return to blue where he was again wandering around the pitch before the game shaking people's hands and basking in the adulation of 99% of the fans because he'd turned the colours back to blue.

The other games were two away games last season - QPR was one and I can't remember the other where he was so far away from the away fans that most of them hardly noticed he was there let alone gave him any stick.

So to say that Tan doesn't come to the games because of the stick he receives from the fans whether in blue or red is just completely wrong.

A small point as I say but shows that Dalman may be talking out of his arse on more than just this one point.

Who is Dalman arguing with here??? I've not seen or heard anyone suggest that tan is asset stripping. I think the gentleman doth protest too much.

Now its £200million it just gets worse, you've got to laugh otherwise you would breakdown and cry with all the bullshit and spin coming out.

We've received over £120mill in Sky money/Sponsorship/Gate money etc etc

Agree. Also, I would be surprised if Mr Dalman had come out and said "by the way, Tan is assett stripping the club, but only a little bit". Usual spin that we hear every so often, and as someone said above, to have a dig about the Turkish manager rumours is a bit rich when they appointed someone else who was probably ten times worse. Have to be pretty gullible to believe everything that comes from this club.

Now its £200million it just gets worse, you've got to laugh otherwise you would breakdown and cry with all the bullshit and spin coming out.

We've received over £120mill in Sky money/Sponsorship/Gate money etc etc

Agree. Also, I would be surprised if Mr Dalman had come out and said "by the way, Tan is assett stripping the club, but only a little bit". Usual spin that we hear every so often, and as someone said above, to have a dig about the Turkish manager rumours is a bit rich when they appointed someone else who was probably ten times worse. Have to be pretty gullible to believe everything that comes from this club.

Steve,hes Def not going to as Tan owes Dalman quite a lot of money and they are in business together.

Where do they get these figures from....all of a sudden it's now £200 million..they just pluck figures out of the air.

What Mr Dalman doesn't say is that Tan has had to pour in so much money because of the complete incompetence of people like himself and other CEOs who have made unbelievably bad financial decisions over the years that have cost the club millions and millions

Who is Dalman arguing with here??? I've not seen or heard anyone suggest that tan is asset stripping. I think the gentleman doth protest too much.

He must read the forum

Who is Dalman arguing with here??? I've not seen or heard anyone suggest that tan is asset stripping. I think the gentleman doth protest too much.

He must read the forum

Well cannot deny fans on here ( they are fans supposedly ) keep banging on he's asset stripping so he's right fans are saying it.

Now its £200million it just gets worse, you've got to laugh otherwise you would breakdown and cry with all the bullshit and spin coming out.

We've received over £120mill in Sky money/Sponsorship/Gate money etc etc

Did get 120m but guess we paid players nothing and spent nothing buying them so club pocketed the 120m???? And isn't he still supporting club financially every month? Dalman may be wrong in using 200m as a figure but as is public knowledge in 5yrs this club will be debt free so someone somewhere is paying the debt we have. (Father Xmas maybe?)

Now its £200million it just gets worse, you've got to laugh otherwise you would breakdown and cry with all the bullshit and spin coming out.

We've received over £120mill in Sky money/Sponsorship/Gate money etc etc

Did get 120m but guess we paid players nothing and spent nothing buying them so club pocketed the 120m???? And isn't he still supporting club financially every month? Dalman may be wrong in using 200m as a figure but as is public knowledge in 5yrs this club will be debt free so someone somewhere is paying the debt we have. (Father Xmas maybe?)

No one said club never paid players ECT what I am saying is if Tzn is owed £200mill and we received £120mill plus then Tan has gone through a staggering £320 mill plus

Now its £200million it just gets worse, you've got to laugh otherwise you would breakdown and cry with all the bullshit and spin coming out.

We've received over £120mill in Sky money/Sponsorship/Gate money etc etc

Did get 120m but guess we paid players nothing and spent nothing buying them so club pocketed the 120m???? And isn't he still supporting club financially every month? Dalman may be wrong in using 200m as a figure but as is public knowledge in 5yrs this club will be debt free so someone somewhere is paying the debt we have. (Father Xmas maybe?)

No one said club never paid players ECT what I am saying is if Tzn is owed £200mill and we received £120mill plus then Tan has gone through a staggering £320 mill plus

I think the 200 includes the 30 odd million in shares he s bought and taking in to account a debt free club with debts around 170 million as you have stated a few times a ball park figure

Nice to see DALMAN come out with his views - After all - Was he the main man behind us getting that clown OGS ??

Never mind - the Fans Fav " The CHOO CHOO TRAIN " - Will speak soon to keep us all clam and explain all

Now its £200million it just gets worse, you've got to laugh otherwise you would breakdown and cry with all the bullshit and spin coming out.

We've received over £120mill in Sky money/Sponsorship/Gate money etc etc

Did get 120m but guess we paid players nothing and spent nothing buying them so club pocketed the 120m???? And isn't he still supporting club financially every month? Dalman may be wrong in using 200m as a figure but as is public knowledge in 5yrs this club will be debt free so someone somewhere is paying the debt we have. (Father Xmas maybe?)

No one said club never paid players ECT what I am saying is if Tzn is owed £200mill and we received £120mill plus then Tan has gone through a staggering £320 mill plus

I think if you believe this club will be debt free in 5 years, you probably wouldhave to believe in father xmas as well.

Perhaps a few visits a year would really give the club a Lift?
We certainly seemed to perform better after the debt to equity visit.

According to the statement on here from the trust, Tan is converting £68m debt to equity immediately, with the remaining £40m being converted over the next five years. Mr Dalman mentions £200m now owed to Tan. Sums don't seem to add up to me unless I am overlooking something. Probably me mis-reading the situation. I am sure someone will put me right soon.

According to the statement on here from the trust, Tan is converting £68m debt to equity immediately, with the remaining £40m being converted over the next five years. Mr Dalman mentions £200m now owed to Tan. Sums don't seem to add up to me unless I am overlooking something. Probably me mis-reading the situation. I am sure someone will put me right soon.

he's put in 200 million overall your looking in to what he's said too much

Dalman is plainly wrong. To sell your best asset [Marshy] for less than half his actual value in the same bloody week you sell his natural replacement.....what is that except 'asset-stripping'? It cannot benefit the club except in the short-term, to make it more attractive to potential buyers. Of course Tan doesn't want to sell yet, but after the last parachute it will be another matter.

Dalman is plainly wrong. To sell your best asset [Marshy] for less than half his actual value in the same bloody week you sell his natural replacement.....what is that except 'asset-stripping'? It cannot benefit the club except in the short-term, to make it more attractive to potential buyers. Of course Tan doesn't want to sell yet, but after the last parachute it will be another matter.

read the other topic the whole interview it says why marshal went ,hull papers reported the fee was 5 million which is good money for hI'm

Dalman is plainly wrong. To sell your best asset [Marshy] for less than half his actual value in the same bloody week you sell his natural replacement.....what is that except 'asset-stripping'? It cannot benefit the club except in the short-term, to make it more attractive to potential buyers. Of course Tan doesn't want to sell yet, but after the last parachute it will be another matter.

Correct only £2.5mill upfront and yet they said bullshit £10mill

Very sensible article and words from dalman. Fans who dont see the logic and understand what dalman is saying here are just morons imo, sorry if i offend anyone but thats the truth.

According to the statement on here from the trust, Tan is converting £68m debt to equity immediately, with the remaining £40m being converted over the next five years. Mr Dalman mentions £200m now owed to Tan. Sums don't seem to add up to me unless I am overlooking something. Probably me mis-reading the situation. I am sure someone will put me right soon.

He's not owed 200m what Dalman means is Tan has put approx 200m into the club and if he was asset stripping to get his money back(which some fans are claiming) then he would need to be asset stripping 200m to get what he put in back which what Dalman is saying that it's not going to happen as there isn't 200m of assets. Dalman is merely pointing out Tan isn't asset stripping

According to the statement on here from the trust, Tan is converting £68m debt to equity immediately, with the remaining £40m being converted over the next five years. Mr Dalman mentions £200m now owed to Tan. Sums don't seem to add up to me unless I am overlooking something. Probably me mis-reading the situation. I am sure someone will put me right soon.

He's not owed 200m what Dalman means is Tan has put approx 200m into the club and if he was asset stripping to get his money back(which some fans are claiming) then he would need to be asset stripping 200m to get what he put in back which what Dalman is saying that it's not going to happen as there isn't 200m of assets. Dalman is merely pointing out Tan isn't asset stripping

That's to sensible the tan haters can't see past there hatred

straight from the horse's mouth some people on here won't like this

Wez all i here is Tans asset stripping ready to sell. But i was told something last year by a person i believe to be genuine and has no interest in cardiff city or football for that matter.
Not going into the full story but was told Tan has no plans to sell the club and that cardiff will be a part of a bigger football club portfolio in the future.
I said this last year , this year and i'll say it again next year

Dalman is plainly wrong. To sell your best asset [Marshy] for less than half his actual value in the same bloody week you sell his natural replacement.....what is that except 'asset-stripping'? It cannot benefit the club except in the short-term, to make it more attractive to potential buyers. Of course Tan doesn't want to sell yet, but after the last parachute it will be another matter.

read the other topic the whole interview it says why marshal went ,hull papers reported the fee was 5 million which is good money for hI'm

The actual fee was 2.5 million with add ons. Marshall was worth at least £8 million. The spin from Dalman is now that he wanted to leave. Well, he would say that wouldn't he? If we'd insisted on a proper fee I could understand, but we simply flogged him on the cheap straight after selling his deputy. Classic asset-stripping.

so dalman's accusation of 'insane' fan claims stem from the fact that there are no assets he can sell that would make a dent into the £200m tan would be needing to recoup. how reassuring. one deduces from that statement that tan would be asset stripping if there were sufficient assets to do so. bad move, dalman.

what tan can do, however, is try and mitigate his losses by running the club on a tight budget and selling lesser assets wherever possible. from our transfer dealings this summer, and the appointment of a low profile manager (on a low salary) who will not complain about the budget, it is clear that this is his policy from here on in.

to call it 'asset stripping' is taking it too far, clearly, but it is not far off. in footballing terms, selling your best players every year is effectively asset stripping, if not in reality.

£200 Million