wez1927 wrote:I doubt he's putting 3 million in a month now but at the start of the pandemic he might of been .
My understanding is that Tan puts little or no personal money in currently; he's dripping in the remainder of any 'parachute' payments that were not already swallowed up
I don't say too much on the financial side of things, as to do so would breach a certain confidence and affect a close relationship (not club related) but I will say things are not great and could, subject to at least two adjudications, be about to get a lot worse
I equally won't jump on the Sam/Tan bashing (according to individuals positions) wagon and will continue to support the club as an entity and the players on the pitch during their traditional ups and downs, as I always have and without 'threat' of walking away like too many part-timers do
Real 'supporters' like us, Wez, last the pace...!
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Absolutely spot on Chris,
Tan puts nothing in and was drip feeding the parachute payments in.
Now he might have to as the payments have dried up.[/quote]
Annis, I feel that should the Sam/CAS cases go against him, it will be an important point in our history, as that's a lot of money to lose in one (effective) hit
Sell or stick? That will be the question and (personally) I think it would almost certainly lean a lot more one way than the other
Interesting (and maybe worrying) times ahead...[/quote]
Chris,
I expect Tan to beat Isaacs easily , it’s like me suing because my shares have devalued.
I 100% expect Sam to beat Tan as Tan agreed everything once again and personally signed everything only to change his mind once again in fact just totally ignore.
As to Sala, I did expect us to lose but since their has been a court case which might help City, I hope so.
But then it should not matter as Dalman has clearly stated All the money was put aside at that time.[/quote]
Are these cases against the club or Tan himself?[/quote]
Ian,
Tan is involved with them all and signs etc but Our club is the only loser because of him
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To clarify, if we win a case does the money go directly into our finances or Tan’s? Likewise if we lose a case is Cardiff City FC paying out or Vincent Tan?[/quote]
I gather that would be Vincent Tan
From what I have been told VT signed a contract regarding money owed to Sam, and what was offered, if the details of that contract have not been adhered to, then Sam will get the money owed and VT will have to pay![/quote]
If the finance side of the agreement has been all paid and its only a life president issue then I can't see there being much of a payout .[/quote]
Wez my understanding is that Sam waived the £15m in return for certain conditions, not just a life presidency, but if that was the only thing in the contract and that has not been adhered to then the contract has been broken![/quote]
If that's the case on contracts, then the club definitely will win the sala case as one of condition of the sala case was he had to be registered with the Premier league which he wasn't but its not as simple as that,if a contract has been broken it doesn't always mean it totally forfeited ? .I suspect that the life presidency roll for Sam and in veie of the court might not have a monetary big value as the monies in the contract were paid in full ,be interesting to see the clubs defence on it as only sams side of it has been leaked online .