Updated " LATEST ON THE GARETH BALE CONSORTIUM BID "

Tan is at least talking to them now to try and get a deal done.

Didn't even speak to them before because the proposal was way less than Tan wanted.




Updated




The Times:



A consortium fronted by Gareth Bale has tabled a formal offer, believed to be in the region of £40million, to buy Cardiff City.

Vincent Tan, the owner of the Welsh club relegated from the Championship to League One in May, has already indicated he is not prepared to sell to the former Real Madrid forward and his partners.

But The Times understands an official bid has now been submitted, with the 35-year-old Bale thought to be backed in the venture by US investors.

Cardiff’s descent to the third tier of English football for the first time in more than 20 years has prompted what Tan and his colleagues consider a derisory offer, given the Malaysian billionaire has invested more than £200million in the club.

It means the offer is likely to be met with instant rejection, even if it indicates a level of intent by the Bale-led group.

Last month the former Wales international made no secret of his desire to own his home-town football club, describing a potential takeover as “a dream come true”.

“We are interested in getting Cardiff,” Bale told Sky Sports. “It’s my home club, it’s where I grew up and my uncle used to play for them. To be involved with an ownership group would be a dream come true. It is a club close to my heart and I would love to be able to be a part of growing Cardiff and taking it to the Premier League where it belongs.

“I know how amazing the Welsh fans and Cardiff fans are. It would be amazing to try and do something together. We are trying to engage with Cardiff and more news will come out on that in the future, but hopefully we can get something done.”

£40m sounds feasible.

Don’t think we that close to his heart. Hes had nothing to do with us has he?
So wish he came here to end his career though.

Be very suprised if he took that, considering he thinks it's worth alot higher.

A more than fair valuation for the club, it’s the top end of what it’s worth given Mr Tan and his CEO have run it into the ground with poor decisions. Sadly, we know he won’t take it .. he needs to realise that just because you’ve put £200m into a business, it isn’t automatically worth similar.

This is going to drag on for 6-12 months and get quite toxic in the ground I think.

Don’t think we that close to his heart. Hes had nothing to do with us has he?
So wish he came here to end his career though.

You obviously haven't read anything on the subject from previous posts ..
That shows differently...... just because he chose someone else than city to end career doesn't mean anything seeing as it was probably a buisness decision by him.

Come on Tan, leave on a good note. Do what's right

I have no idea if that figure is a “fair” valuation it all depends if all debts are written off I would imagine??

What I do know is that if he doesn’t sell it going to cost him another £10 million this season!!

I have no idea if that figure is a “fair” valuation it all depends if all debts are written off I would imagine??

What I do know is that if he doesn’t sell it going to cost him another £10 million this season!!

I think Birmingham sold for 30/35million so that valuation seems fair to me. Obviously there’s the debt that they will have to take on I assume.

I heard a rumour today that he isn’t the only sports superstar involved in the takeover, heard that Rory mcilroy is part of it and that a mega rich businessman man is the one funding it.

Like a said only what I heard and don’t really believe it.

Don’t think we that close to his heart. Hes had nothing to do with us has he?
So wish he came here to end his career though.

You obviously haven't read anything on the subject from previous posts ..
That shows differently...... just because he chose someone else than city to end career doesn't mean anything seeing as it was probably a buisness decision by him.

We never been close to his heart. Show me where we were so important to him in his life other than the now because he the face of a consortium, he’s suddenly realised how much he loves us.
As you say his love for us is probably a business decision for him.

£40m sounds feasible.

No chance being debt free on 40 million .

40 million would mean we are not debt free,I believe well over 100 million its going to take to get the club lock stock,including the stadium and debt free . The s9 called 85 million i believe was leakout from the club and tbh I think that 8s more the proper figure the times seem to be plucking a figure out of the air

One thing is certain he isn't going to get 100m+ for club .. so he as a choice lose money hand over fist until he can't sustain losses anymore .... .or he waits see if get promotion but that means investing even more money into club to sustain it in championship (that's if they there) with no garauntee of success! There's no logical reason to keep hold of club...got to be careful he doesn't land up like sheff wed ect no money and cuts until land in div 2

One thing is certain he isn't going to get 100m+ for club .. so he as a choice lose money hand over fist until he can't sustain losses anymore .... .or he waits see if get promotion but that means investing even more money into club to sustain it in championship (that's if they there) with no garauntee of success! There's no logical reason to keep hold of club...got to be careful he doesn't land up like sheff wed ect no money and cuts until land in div 2

I think he will if its debt free

One thing is certain he isn't going to get 100m+ for club .. so he as a choice lose money hand over fist until he can't sustain losses anymore .... .or he waits see if get promotion but that means investing even more money into club to sustain it in championship (that's if they there) with no garauntee of success! There's no logical reason to keep hold of club...got to be careful he doesn't land up like sheff wed ect no money and cuts until land in div 2

Remember he said that he was going to give away his money anyway to charity and not his family not sure he cares that much about money

I personally think there needs to be two aspects to the bid:

a) What is the valuation of the club and;
b) What is happening with the debt.


As to the valuation, if correct, I certainly think that £40m is a good value - considering Birmingham sold for £30m

I would suspect the issue could be what happens with the debts

Option 1 - Give VT 25% which will be worth in the region of £100m when the club is in the EPL and valued at £400m. This would suggest a profit on the debt of £32m and an overall sale value of £140m (£40m plus shares worth £100m)

Option 2 - Could be to repay the debt over 10 years

Option 3 - Could be to repay £20m when promoted to Championship and £48m when promoted to EPL

Either way I am sure there is a deal to be had there.

One thing is certain he isn't going to get 100m+ for club .. so he as a choice lose money hand over fist until he can't sustain losses anymore .... .or he waits see if get promotion but that means investing even more money into club to sustain it in championship (that's if they there) with no garauntee of success! There's no logical reason to keep hold of club...got to be careful he doesn't land up like sheff wed ect no money and cuts until land in div 2

This 100X .. I would guess it’s £40m and leave the Dalman debt. Unfortunately for Mr Tan, his failure to implement a structure to oversee the club meant he continued to was money season after season .. both on the football and commercial side of things. We’ve been rudderless and it’s not a new owners responsibility to pick up his mess. We know he isn’t going to accept that though .. so it’s a long summer ahead.

I personally think there needs to be two aspects to the bid:

a) What is the valuation of the club and;
b) What is happening with the debt.


As to the valuation, if correct, I certainly think that £40m is a good value - considering Birmingham sold for £30m

I would suspect the issue could be what happens with the debts

Option 1 - Give VT 25% which will be worth in the region of £100m when the club is in the EPL and valued at £400m. This would suggest a profit on the debt of £32m and an overall sale value of £140m (£40m plus shares worth £100m)

Option 2 - Could be to repay the debt over 10 years

Option 3 - Could be to repay £20m when promoted to Championship and £48m when promoted to EPL

Either way I am sure there is a deal to be had there.

There's 100 million of debt so it tan takes 40 million for his shares but the debt stays it values the club at 140 million , there is no way someone is going to pay 40 million ,be debt free and get the stadium ownership ,

40 million would mean we are not debt free,I believe well over 100 million its going to take to get the club lock stock,including the stadium and debt free . The s9 called 85 million i believe was leakout from the club and tbh I think that 8s more the proper figure the times seem to be plucking a figure out of the air

Only Debt free to tan if he writes off what he's owed like other owners recently have done.. but still got dalmans money to pay...

One thing is certain he isn't going to get 100m+ for club .. so he as a choice lose money hand over fist until he can't sustain losses anymore .... .or he waits see if get promotion but that means investing even more money into club to sustain it in championship (that's if they there) with no garauntee of success! There's no logical reason to keep hold of club...got to be careful he doesn't land up like sheff wed ect no money and cuts until land in div 2

This 100X .. I would guess it’s £40m and leave the Dalman debt. Unfortunately for Mr Tan, his failure to implement a structure to oversee the club meant he continued to was money season after season .. both on the football and commercial side of things. We’ve been rudderless and it’s not a new owners responsibility to pick up his mess. We know he isn’t going to accept that though .. so it’s a long summer ahead.

the stadium is a 80 million pound asset fully paid for , tan Could sell the football club side but keep ownership of the stadium leasing it back to the football club now that could happen for 40 million .but in the oast at a lot of clubs thats been a disaster, derby Portsmouth, Wimbledon and few clubs that eventually went into administration coz of the way it was sold .

£40m sounds feasible.

It was £85 Million yesterday

40 million would mean we are not debt free,I believe well over 100 million its going to take to get the club lock stock,including the stadium and debt free . The s9 called 85 million i believe was leakout from the club and tbh I think that 8s more the proper figure the times seem to be plucking a figure out of the air

Only Debt free to tan if he writes off what he's owed like other owners recently have done.. but still got dalmans money to pay...

Never going to write it off for 40 million and give up stadium ownership can't see it myself ,unless bale ups his offers tan will stay .was told definitely 85 million has been offered but tan wants 130m but the 130m would be totally debt free including dalman gone too ,so a fresh start .we will wait and see

£40m sounds feasible.

It was £85 Million yesterday

I think the 85m is true from a very reliable source, times article is wrong and out of date .

I have no idea if that figure is a “fair” valuation it all depends if all debts are written off I would imagine??

What I do know is that if he doesn’t sell it going to cost him another £10 million this season!!

And there in lies the biggest of many questions, i.e. does that figure (and I heard it was more) include a commitment to take over any remaining debt?

Put simply, I think that Tan will not take an offer that does make him feel he can walk away financially intact, i.e. without losing too much, if any, ‘face’ in the business world

He clearly has his reasons to keep hold of the club(?), so I’m not allowing myself to get carried away by this ‘interest’, although I would absolutely love it to happen

It just seems too good to be true that Tan would leave anytime soon

I have no idea if that figure is a “fair” valuation it all depends if all debts are written off I would imagine??

What I do know is that if he doesn’t sell it going to cost him another £10 million this season!!

And there in lies the biggest of many questions, i.e. does that figure (and I heard it was more) include a commitment to take over any remaining debt?

Put simply, I think that Tan will not take an offer that does make him feel he can walk away financially intact, i.e. without losing too much, if any, ‘face’ in the business world

He clearly has his reasons to keep hold of the club(?), so I’m not allowing myself to get carried away by this ‘interest’, although I would absolutely love it to happen

It just seems too good to be true that Tan would leave anytime soon

I think north of 100m will get the club debt free , stadium ownership transfered and the Board totally gone including dalman. Fresh start .if you've heard from the same person as me, then tan wants 130 million to do this but im sure a negotiation will be done further .

A 40m bid would indicate that the debt would fall to the new owners.

It’s a fair bid if that’s the case.

I just hope that Tan doesn’t hold out looking for more.

Do we know how much of our debt is to Tan?

I will be very, very shocked if anyone offers near £100m for the football club.

The club is financially insolvent without Tan filling in the gaps every season from his waste. It loses money every season, because the agents dream of a board overpay for almost all transfers, whether salary or fee. Bale and his pals are here to make money, first and foremost. The £40-50m offer gives them plenty of wiggle room to invest without too much risk. Anything north of £70m means risk outweighs benefit. I can’t see them moving forward at that value.

It’s why Tan is unlikely to leave. He’s dug himself a hole and nobody will be dull enough to pay him back the money he’s thrown away with part time running and a terrible recruitment strategy. Until he accepts he’s going to have to take a 50% loss on the debt he’s piled up, through his own ineptitude, he’ll have to keep throwing money in. The club won’t be worth £150m next season when he has to plow another 15-20m in to balance the loss of revenue this year. Nor £160-170m the year after. Only promotion will return some increased value.

He either takes the £40-50m and writes the rest off as a loss, or he keeps putting in £15-20m a year through various funds and sponsorship and hopes to get lucky on getting to the prem. The latter seems far more realistic .. we’re essentially screwed until he passes away and the family want rid.

I will be very, very shocked if anyone offers near £100m for the football club.

The club is financially insolvent without Tan filling in the gaps every season from his waste. It loses money every season, because the agents dream of a board overpay for almost all transfers, whether salary or fee. Bale and his pals are here to make money, first and foremost. The £40-50m offer gives them plenty of wiggle room to invest without too much risk. Anything north of £70m means risk outweighs benefit. I can’t see them moving forward at that value.

It’s why Tan is unlikely to leave. He’s dug himself a hole and nobody will be dull enough to pay him back the money he’s thrown away with part time running and a terrible recruitment strategy. Until he accepts he’s going to have to take a 50% loss on the debt he’s piled up, through his own ineptitude, he’ll have to keep throwing money in. The club won’t be worth £150m next season when he has to plow another 15-20m in to balance the loss of revenue this year. Nor £160-170m the year after. Only promotion will return some increased value.

He either takes the £40-50m and writes the rest off as a loss, or he keeps putting in £15-20m a year through various funds and sponsorship and hopes to get lucky on getting to the prem. The latter seems far more realistic .. we’re essentially screwed until he passes away and the family want rid.

Your totally forgetting the valuation of the stadium in any of your posts, it was valued over 80 million by an independent company in the latest set of accounts its a non matchday revenue stream and could make a lot of more if used correctly,anyone who thinks the club will go with the stadium & debt free for 40 million is deluded . .

I have no idea if that figure is a “fair” valuation it all depends if all debts are written off I would imagine??

What I do know is that if he doesn’t sell it going to cost him another £10 million this season!!

And there in lies the biggest of many questions, i.e. does that figure (and I heard it was more) include a commitment to take over any remaining debt?

Put simply, I think that Tan will not take an offer that does make him feel he can walk away financially intact, i.e. without losing too much, if any, ‘face’ in the business world

He clearly has his reasons to keep hold of the club(?), so I’m not allowing myself to get carried away by this ‘interest’, although I would absolutely love it to happen

It just seems too good to be true that Tan would leave anytime soon

I think north of 100m will get the club debt free , stadium ownership transfered and the Board totally gone including dalman. Fresh start .if you've heard from the same person as me, then tan wants 130 million to do this but im sure a negotiation will be done further .

Not sure about the same person, Wez, but that’s the sort of figure Tan wants and the ‘offer’ was between the upper and lower figures mentioned

I really hope they can get it done but for us supporters, it will likely be a protracted negotiation, if it is achievable. However, i just read the Daily Mirror report on the same story and it paints a much more positive picture of the potential to do a deal