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Any info on the 2 potential takeovers referred to above

Tue Aug 04, 2020 8:55 pm

Just interested. Its unusual that a takeover gets no coverage but this has really come out of the blue, and I wonder how much truth is in it?

A Canadian consortium and a 'Foreign' group. Cardiff City, in my opinion, has a good value in terms of potential, which the groups clearly must know, so the offers must clearly have been in the generous bracket.

I do think though that Tan has an honourable set of morals and is looking for long term success. Maybe the groups could only guarantee short term returns?

When Tan does sell, I can see it being pivotal and a turning point in the future of our club.

Re: Any info on the 2 potential takeovers referred to above

Tue Aug 04, 2020 10:46 pm

All very hush hush but the reports state that Vincent Tan turned both down flatly

So it seems he is here for the duration and I for one am not overly concerned by that; two trips to the top table and a couple of Play Off appearances is what I once dreamed of but now see as 'the least' to expect of a season

Happy days and better the devil you know (so to speak) :ayatollah: :bluescarf:

Re: Any info on the 2 potential takeovers referred to above

Tue Aug 04, 2020 10:55 pm

Sven wrote:All very hush hush but the reports state that Vincent Tan turned both down flatly

So it seems he is here for the duration and I for one am not overly concerned by that; two trips to the top table and a couple of Play Off appearances is what I once dreamed of but now see as 'the least' to expect of a season

Happy days and better the devil you know (so to speak) :ayatollah: :bluescarf:



With you on this :thumbup: just posted the same about better the devil you know,on the wigan lose appeal topic. :old: :bluebird:

Re: Any info on the 2 potential takeovers referred to above

Wed Aug 05, 2020 12:59 am

Barclay1 wrote:Just interested. Its unusual that a takeover gets no coverage but this has really come out of the blue, and I wonder how much truth is in it?

A Canadian consortium and a 'Foreign' group. Cardiff City, in my opinion, has a good value in terms of potential, which the groups clearly must know, so the offers must clearly have been in the generous bracket.

I do think though that Tan has an honourable set of morals and is looking for long term success. Maybe the groups could only guarantee short term returns?

When Tan does sell, I can see it being pivotal and a turning point in the future of our club.



Dalman has mentioned offers which have been turned down a number of times but not what the offers were... but Tan has said a number of times that he would sell if it was right , so can only assume the offers were not so generous ?

as a fan im happy to stick.. only have to look at Wigan to see what can happen if you get a bad one..

Re: Any info on the 2 potential takeovers referred to above

Wed Aug 05, 2020 10:03 am

It was stated he did not like the people involved with 1 group.

Re: Any info on the 2 potential takeovers referred to above

Wed Aug 05, 2020 10:06 am

fred keenor wrote:It was stated he did not like the people involved with 1 group.



The offer was accepted but Tan found out who it was and so withdrew.

The offer from America was actually accepted and they withdrew after seeing our books, not the other way around.

I put both out on here at the time.

Re: Any info on the 2 potential takeovers referred to above

Wed Aug 05, 2020 10:29 am

Forever Blue wrote:
fred keenor wrote:It was stated he did not like the people involved with 1 group.



The offer was accepted but Tan found out who it was and so withdrew.

The offer from America was actually accepted and they withdrew after seeing our books, not the other way around.

I put both out on here at the time.


If we are losing £2m per month and still have a debt of around £50m owing to Tan and others with an asking price of around the same (at a guess) then it is not surprising that potential owners are not keen on buying us. :(

Re: Any info on the 2 potential takeovers referred to above

Wed Aug 05, 2020 10:32 am

Barclay1 wrote:Just interested. Its unusual that a takeover gets no coverage but this has really come out of the blue, and I wonder how much truth is in it?

A Canadian consortium and a 'Foreign' group. Cardiff City, in my opinion, has a good value in terms of potential, which the groups clearly must know, so the offers must clearly have been in the generous bracket.

I do think though that Tan has an honourable set of morals and is looking for long term success. Maybe the groups could only guarantee short term returns?

When Tan does sell, I can see it being pivotal and a turning point in the future of our club.


Out of interest where is the potential 'good' value in a club losing £2m per month, £50m in debt a possible £15m liability for the ES transfer plus a potential 3 transfer window embargo?

Re: Any info on the 2 potential takeovers referred to above

Wed Aug 05, 2020 1:10 pm

It’s a less than value.. but it’s worth it if your ego is as big as your bank balance

Re: Any info on the 2 potential takeovers referred to above

Wed Aug 05, 2020 3:43 pm

Tony Blue Williams wrote:
Forever Blue wrote:
fred keenor wrote:It was stated he did not like the people involved with 1 group.



The offer was accepted but Tan found out who it was and so withdrew.

The offer from America was actually accepted and they withdrew after seeing our books, not the other way around.

I put both out on here at the time.


If we are losing £2m per month and still have a debt of around £50m owing to Tan and others with an asking price of around the same (at a guess) then it is not surprising that potential owners are not keen on buying us. :(

Though I have heard this figure before, for the life of me I cant see how we are losing 2 million a month (£24 million a year). According to the clubs accounts the season in the Prem we broke even. And this season just gone we had parachute money alone of £45 million, probably roughly broke even on transfers with the sale of Reid and Zahore. Add in other income such as gate receipts, tv money from championship rights, sponsorship etc and if we are losing £24 million a year that is shocking financial mismanagement.

Re: Any info on the 2 potential takeovers referred to above

Wed Aug 05, 2020 3:52 pm

JJ1927 wrote:
Tony Blue Williams wrote:
Forever Blue wrote:
fred keenor wrote:It was stated he did not like the people involved with 1 group.



The offer was accepted but Tan found out who it was and so withdrew.

The offer from America was actually accepted and they withdrew after seeing our books, not the other way around.

I put both out on here at the time.


If we are losing £2m per month and still have a debt of around £50m owing to Tan and others with an asking price of around the same (at a guess) then it is not surprising that potential owners are not keen on buying us. :(

Though I have heard this figure before, for the life of me I cant see how we are losing 2 million a month (£24 million a year). According to the clubs accounts the season in the Prem we broke even. And this season just gone we had parachute money alone of £45 million, probably roughly broke even on transfers with the sale of Reid and Zahore. Add in other income such as gate receipts, tv money from championship rights, sponsorship etc and if we are losing £24 million a year that is shocking financial mismanagement.

I dont think you get championship TV money as well as the parachute money tho ,not sure if the 2 million a month is in current its was said years ago

Re: Any info on the 2 potential takeovers referred to above

Wed Aug 05, 2020 4:13 pm

JJ1927 wrote:Though I have heard this figure before, for the life of me I cant see how we are losing 2 million a month (£24 million a year). According to the clubs accounts the season in the Prem we broke even. And this season just gone we had parachute money alone of £45 million, probably roughly broke even on transfers with the sale of Reid and Zahore. Add in other income such as gate receipts, tv money from championship rights, sponsorship etc and if we are losing £24 million a year that is shocking financial mismanagement.


As stated you don't receive TV money if your club is in receipt of PL parachute payments. Also the club has been in lock down since March and missed out on all game day revenues such as advertising/gate money etc.

The loss of £2m per week is probably a more recent figure since the pandemic hit.

Re: Any info on the 2 potential takeovers referred to above

Wed Aug 05, 2020 4:18 pm

wez1927 wrote:I dont think you get championship TV money as well as the parachute money tho ,not sure if the 2 million a month is in current its was said years ago


I remember 10 years ago Peter Ridsdale would regularly mention the club was losing £1m per month. A decade later it wouldn't surprise me to find out that figure had doubled especially during a global pandemic.

Re: Any info on the 2 potential takeovers referred to above

Wed Aug 05, 2020 4:20 pm

Tony Blue Williams wrote:
JJ1927 wrote:Though I have heard this figure before, for the life of me I cant see how we are losing 2 million a month (£24 million a year). According to the clubs accounts the season in the Prem we broke even. And this season just gone we had parachute money alone of £45 million, probably roughly broke even on transfers with the sale of Reid and Zahore. Add in other income such as gate receipts, tv money from championship rights, sponsorship etc and if we are losing £24 million a year that is shocking financial mismanagement.


As stated you don't receive TV money if your club is in receipt of PL parachute payments. Also the club has been in lock down since March and missed out on all game day revenues such as advertising/gate money etc.

The loss of £2m per week is probably a more recent figure since the pandemic hit.


Sorry I meant £2m per month. :oops:

Re: Any info on the 2 potential takeovers referred to above

Wed Aug 05, 2020 8:56 pm

The Cardiff takeover may have mileage - major developments currently involve Leeds United. QSi owners of PSG are involved in talks currently with the owners of Leeds. Announcement possibly within 7-10 days. Newcastle talking to new investors from USA.
interesting times

Re: Any info on the 2 potential takeovers referred to above

Thu Aug 06, 2020 6:05 am

Sam Hammam article pulled from WOL yesterday.
Spoke about the blast and at the end of article how he wants his football club back and it will happen!

Re: Any info on the 2 potential takeovers referred to above

Thu Aug 06, 2020 2:38 pm

fred keenor wrote:Sam Hammam article pulled from WOL yesterday.
Spoke about the blast and at the end of article how he wants his football club back and it will happen!



Hope doesn't mean city? Wont want him within million miles of us.... :old:

Re: Any info on the 2 potential takeovers referred to above

Thu Aug 06, 2020 10:26 pm

pembroke allan wrote:
fred keenor wrote:Sam Hammam article pulled from WOL yesterday.
Spoke about the blast and at the end of article how he wants his football club back and it will happen!



Hope doesn't mean city? Wont want him within million miles of us.... :old:


Well I spoe to him once before we played Bolton away the season after we first got relegated from the Premier. He was in the pub where he was meeting up with Annis, Carl and gang. He was there early and so was I. I managed to have a 10 minute chat with him before the gang turned up. He indicated to me he will always be a "sheep shagger" and he will always be around be it physically or in spirit. He definitely gave me the impression he will wait for his chance.

At the time he was not a fans favourite although that night one of the gang wanted to persuade him to become a fans spokesman. That was never to take off because even his closest friends were not too keen on the idea. I left the pub for the game thinking he has a long way to go to achieve what he wants.

Re: Any info on the 2 potential takeovers referred to above

Thu Aug 06, 2020 11:31 pm

Bakedalasker wrote:
pembroke allan wrote:
fred keenor wrote:Sam Hammam article pulled from WOL yesterday.
Spoke about the blast and at the end of article how he wants his football club back and it will happen!



Hope doesn't mean city? Wont want him within million miles of us.... :old:


Well I spoe to him once before we played Bolton away the season after we first got relegated from the Premier. He was in the pub where he was meeting up with Annis, Carl and gang. He was there early and so was I. I managed to have a 10 minute chat with him before the gang turned up. He indicated to me he will always be a "sheep shagger" and he will always be around be it physically or in spirit. He definitely gave me the impression he will wait for his chance.

At the time he was not a fans favourite although that night one of the gang wanted to persuade him to become a fans spokesman. That was never to take off because even his closest friends were not too keen on the idea. I left the pub for the game thinking he has a long way to go to achieve what he wants.




He seems to have a need to be loved or wanted by city fans? Trouble is cannot trust a person who sold a club down the river -(Wimbledon) and was not trusted by the council as would not allow him control over ccs because of inconsistencies in finance for club? Fans may love him for what he started at club but personally I believe he was out to make money from ccfc.. the saga of Langston and latest move to get money from club rightly or wrongly and his Wimbledon history tend to support my feelings on him...