Can someone in the know explain

To me how we can go from being under a transfer embargo, to cost cutting over the last few years to make sure we meet financial fair play rules. To be losing a million a month and taking cheap options with managers such as Slade /Trollope to now having Warnock and his back room staff. They cant come cheap. Signing new players on free transfers and players in the summer on big wages

Do people have short memories with the uproar on hear about staff losing their jobs whilst the club continued to over spend on players. Also the slating Tan and his committee got for selling Marshall and Fabio.

Something don't add up in all of this unless I have missed something ?

Don't get me wrong Trollope had to go but fans on here seem to want it all ways !

Dobbins,

As I see it, Tan ploughed £200mill in to City, Done his bollocks over 7 years by bad management,Trying to get his money back, I believe City owe him about £60mill -£70mill, Not 100% sure the exact figure, But majority of our debts have been down to bad management in Tans reign.
Saw asbgoing down and would of lost the rest of the debt he made, So is now gambling a bit more of his money to try and get the rest of it back, Which to be honest is the right thing to do if I was in his position

Dobbins,

As I see it, Tan ploughed £200mill in to City, Done his bollocks over 7 years by bad management,Trying to get his money back, I believe City owe him about £60mill -£70mill, Not 100% sure the exact figure, But majority of our debts have been down to bad management in Tans reign.
Saw asbgoing down and would of lost the rest of the debt he made, So is now gambling a bit more of his money to try and get the rest of it back, Which to be honest is the right thing to do if I was in his position

It's how I see it, paying Warnock and co is pennies in comparison to relegation and that's without taking in to account how long and how much a promotion push would cost. Sheffield utd still trying. We have money behind us in Tan, facilities in place but a top manager always needed.

Dobbins,

As I see it, Tan ploughed £200mill in to City, Done his bollocks over 7 years by bad management,Trying to get his money back, I believe City owe him about £60mill -£70mill, Not 100% sure the exact figure, But majority of our debts have been down to bad management in Tans reign.
Saw asbgoing down and would of lost the rest of the debt he made, So is now gambling a bit more of his money to try and get the rest of it back, Which to be honest is the right thing to do if I was in his position

Why didn't he doing it ages ago though ???

Or at least at the start of this season, with a transfer window and pre season ???

Better late than never.....

We are not under a transfer embargo, but we could be if we exceed the limit on which we are allowed on the P&L.

To me it don't make sense - if we had the money we spending now - why did we not appoint in the summer

We now have a squad full of four different managers with three being in the last year all of different styles - it will take a lot to piece it all together and obviously warnock will want his own - I hope he is not a short term fix as we will have the same problem at the end of this season.

Annis - If Tan has gambled like you say will we not go into a transfer embargo during the next transfer window and is that why we signing free players now ?

Someone has mentioned we lost 10 million last year and are losing over a million a month and we can't lose more than 39 million over a 3 year period so will we not exceed that ? I think since62 posted it

Annis - I am back for the first game of the season against the worzels not sure if your back - hopefully catch up then !

If he keeps us up his appointment will pay for itself. Not sure what sort of salary he would be on any more, but Rotherham could afford him last season.

Dobbins,

As I see it, Tan ploughed £200mill in to City, Done his bollocks over 7 years by bad management,Trying to get his money back, I believe City owe him about £60mill -£70mill, Not 100% sure the exact figure, But majority of our debts have been down to bad management in Tans reign.
Saw asbgoing down and would of lost the rest of the debt he made, So is now gambling a bit more of his money to try and get the rest of it back, Which to be honest is the right thing to do if I was in his position

Why didn't he doing it ages ago though ???

Or at least at the start of this season, with a transfer window and pre season ???

Better late than never.....

They thought they could get away doing it on a shoestring and they've had a fast lesson. Panicked and basically had to invest or face disaster.

Dobbins,

As I see it, Tan ploughed £200mill in to City, Done his bollocks over 7 years by bad management,Trying to get his money back, I believe City owe him about £60mill -£70mill, Not 100% sure the exact figure, But majority of our debts have been down to bad management in Tans reign.
Saw asbgoing down and would of lost the rest of the debt he made, So is now gambling a bit more of his money to try and get the rest of it back, Which to be honest is the right thing to do if I was in his position

Why didn't he doing it ages ago though ???

Or at least at the start of this season, with a transfer window and pre season ???

Better late than never.....

They thought they could get away doing it on a shoestring and they've had a fast lesson. Panicked and basically had to invest or face disaster.

One gamble too many. The cuts this summer were too severe.

Dobbins,

As I see it, Tan ploughed £200mill in to City, Done his bollocks over 7 years by bad management,Trying to get his money back, I believe City owe him about £60mill -£70mill, Not 100% sure the exact figure, But majority of our debts have been down to bad management in Tans reign.
Saw asbgoing down and would of lost the rest of the debt he made, So is now gambling a bit more of his money to try and get the rest of it back, Which to be honest is the right thing to do if I was in his position

Why didn't he doing it ages ago though ???

Or at least at the start of this season, with a transfer window and pre season ???

Better late than never.....

They thought they could get away doing it on a shoestring and they've had a fast lesson. Panicked and basically had to invest or face disaster.

One gamble too many. The cuts this summer were too severe.

Yup, with the cuts going on in the squad we needed an experienced manager or to stay with Slade to ensure safety. It was a huge ask for Trollope.

I don't think they panicked I think they could see what a massive mistake they made by appointing trollope there's a real feelgood factor now at the club so let's not worry about why just enjoy and support the boys

Look at this way
if he gets three players in on £10 grand a week with a £5 grand win bonus
from now till january would cost approx £500k
he may of sold that to tan by saying in january ,I will balance the books by off loading 3/4 i dont rate and wheeling and dealing to bring another couple in that I need
stop worrying about what you cant do anything about , and let warnock and tan get on with the business

Look at this way
if he gets three players in on £10 grand a week with a £5 grand win bonus
from now till january would cost approx £500k
he may of sold that to tan by saying in january ,I will balance the books by off loading 3/4 i dont rate and wheeling and dealing to bring another couple in that I need
stop worrying about what you cant do anything about , and let warnock and tan get on with the business

totally agree

Look at this way
if he gets three players in on £10 grand a week with a £5 grand win bonus
from now till january would cost approx £500k
he may of sold that to tan by saying in january ,I will balance the books by off loading 3/4 i dont rate and wheeling and dealing to bring another couple in that I need
stop worrying about what you cant do anything about , and let warnock and tan get on with the business

totally agree

Trollope was out of his depth and there are players taking the piss.

I have to give Tan a break and understand his current 'gamble'

He's been fed too much horse shite by too many yes men.

Ultimately he is responsible but the people he trusted have not pulled their weight.

Cardiff City

The next chapter.......

Look at this way
if he gets three players in on £10 grand a week with a £5 grand win bonus
from now till january would cost approx £500k
he may of sold that to tan by saying in january ,I will balance the books by off loading 3/4 i dont rate and wheeling and dealing to bring another couple in that I need
stop worrying about what you cant do anything about , and let warnock and tan get on with the business

good post

Look at this way
if he gets three players in on £10 grand a week with a £5 grand win bonus
from now till january would cost approx £500k
he may of sold that to tan by saying in january ,I will balance the books by off loading 3/4 i dont rate and wheeling and dealing to bring another couple in that I need
stop worrying about what you cant do anything about , and let warnock and tan get on with the business

good post

Look at this way
if he gets three players in on £10 grand a week with a £5 grand win bonus
from now till january would cost approx £500k
he may of sold that to tan by saying in january ,I will balance the books by off loading 3/4 i dont rate and wheeling and dealing to bring another couple in that I need
stop worrying about what you cant do anything about , and let warnock and tan get on with the business

Ok I won't worry I will let Tan and Warnock get on with the business - nice one

To me how we can go from being under a transfer embargo, to cost cutting over the last few years to make sure we meet financial fair play rules. To be losing a million a month and taking cheap options with managers such as Slade /Trollope to now having Warnock and his back room staff. They cant come cheap. Signing new players on free transfers and players in the summer on big wages

Do people have short memories with the uproar on hear about staff losing their jobs whilst the club continued to over spend on players. Also the slating Tan and his committee got for selling Marshall and Fabio.

Something don't add up in all of this unless I have missed something ?

Don't get me wrong Trollope had to go but fans on here seem to want it all ways !

We were under a transfer embargo due to a technicality. As you have pointed out there has been cost cutting over the past few seasons and players have been sold.

Most people claimed VT pocketed any monies saved or raised. It is now clear that is not true and the money has been reinvested into a new management team and players including Lambert.

Also remember VT is cutting the debt but converting £8m of debt into equity (shares) every year. This has the effect of increasing our maximum losses to £13m per season. Used to the full that could give a club quite a bit of wriggle room within FFP.

To me how we can go from being under a transfer embargo, to cost cutting over the last few years to make sure we meet financial fair play rules. To be losing a million a month and taking cheap options with managers such as Slade /Trollope to now having Warnock and his back room staff. They cant come cheap. Signing new players on free transfers and players in the summer on big wages

Do people have short memories with the uproar on hear about staff losing their jobs whilst the club continued to over spend on players. Also the slating Tan and his committee got for selling Marshall and Fabio.

Something don't add up in all of this unless I have missed something ?

Don't get me wrong Trollope had to go but fans on here seem to want it all ways !

We were under a transfer embargo due to a technicality. As you have pointed out there has been cost cutting over the past few seasons and players have been sold.

Most people claimed VT pocketed any monies saved or raised. It is now clear that is not true and the money has been reinvested into a new management team and players including Lambert.

Also remember VT is cutting the debt but converting £8m of debt into equity (shares) every year. This has the effect of increasing our maximum losses to £13m per season. Used to the full that could give a club quite a bit of wriggle room within FFP.

Is that the technicality that since62 was on about on another thread that showed us making profit but actually turned out to be a 10 million loss ?


Surely anyone could see that Tan was not pocketing the money from sales especially as the club is still losing a million a month now - I hate to think what it was before the sales

Tan has agreed to make us debt free over the next five years by converting the 8 million debt to shares - if that is the maximum under FFP how will he get around the remaining 68 million if that is the figure ?

To me how we can go from being under a transfer embargo, to cost cutting over the last few years to make sure we meet financial fair play rules. To be losing a million a month and taking cheap options with managers such as Slade /Trollope to now having Warnock and his back room staff. They cant come cheap. Signing new players on free transfers and players in the summer on big wages

Do people have short memories with the uproar on hear about staff losing their jobs whilst the club continued to over spend on players. Also the slating Tan and his committee got for selling Marshall and Fabio.

Something don't add up in all of this unless I have missed something ?

Don't get me wrong Trollope had to go but fans on here seem to want it all ways !

We were under a transfer embargo due to a technicality. As you have pointed out there has been cost cutting over the past few seasons and players have been sold.

Most people claimed VT pocketed any monies saved or raised. It is now clear that is not true and the money has been reinvested into a new management team and players including Lambert.

Also remember VT is cutting the debt but converting £8m of debt into equity (shares) every year. This has the effect of increasing our maximum losses to £13m per season. Used to the full that could give a club quite a bit of wriggle room within FFP.

Is that the technicality that since62 was on about on another thread that showed us making profit but actually turned out to be a 10 million loss ?


Surely anyone could see that Tan was not pocketing the money from sales especially as the club is still losing a million a month now - I hate to think what it was before the sales

Tan has agreed to make us debt free over the next five years by converting the 8 million debt to shares - if that is the maximum under FFP how will he get around the remaining 68 million if that is the figure ?

There is no penalty involved in having more than £8m of shareholder financial support through the profit and loss account in a year, it is just that £8m is the maximum that counts towards FFP. Anything written off or converted into shares above that figure still benefits the club`s balance sheet. It makes sense to leave some debt to write off in future seasons as it can then be used up at £8m a season and help the FFP compliance , hence the pledge to do part of it at £8m a season (one already done so far) for 5 years.

There is no penalty involved in having more than £8m of shareholder financial support through the profit and loss account in a year, it is just that £8m is the maximum that counts towards FFP. Anything written off or converted into shares above that figure still benefits the club`s balance sheet. It makes sense to leave some debt to write off in future seasons as it can then be used up at £8m a season and help the FFP compliance , hence the pledge to do part of it at £8m a season (one already done so far) for 5 years.

I'm glad you clarified that as I have been wondering about that for awhile.

Also would be possible that VT could subsidise us indefinitely and still put money into the club?

I'm not saying he would want to do that just that would it be possible for him to put in £5m cash (to cover the maximum loss allowed) this season and get written off as part of an equity swap of £8m in future seasons?

There is no penalty involved in having more than £8m of shareholder financial support through the profit and loss account in a year, it is just that £8m is the maximum that counts towards FFP. Anything written off or converted into shares above that figure still benefits the club`s balance sheet. It makes sense to leave some debt to write off in future seasons as it can then be used up at £8m a season and help the FFP compliance , hence the pledge to do part of it at £8m a season (one already done so far) for 5 years.

I'm glad you clarified that as I have been wondering about that for awhile.

Also would be possible that VT could subsidise us indefinitely and still put money into the club?

I'm not saying he would want to do that just that would it be possible for him to put in £5m cash (to cover the maximum loss allowed) this season and get written off as part of an equity swap of £8m in future seasons?

You beat me too it.

That's what I have been trying to understand if we continue to make losses and spend on players over and above the maximum losses that FFP allow then the only one losing out would be Tan ?

do you know how much Tan has actually put into the club against what he has written off comparing this to Sam, PMG, Risdale, Issacs etc ?