" VINCENT TAN 100 MILLION "

Tan is keeping Cardiff in black

THE Malaysian mogul behind Cardiff City will be up to £100million richer when Facebook floats on the stock market later this year.
But dollar billionaire Vincent Tan remains determined to run the Carling Cup finalists like a business, not a charity -- as will be confirmed by accounts for last season which the club are due to file by Wednesday.

One of Tan's companies, MOL Global, has shares in Facebook from a 2010 deal.

In the same year, Tan helped save Cardiff from the taxman and has since stabilised the club with further millions.

Tan and his associates, including club chairman Dato Chan Tien Ghee, control about 49 per cent of the club's holding company.

He has the means to pay off the club's remaining debts and fund a spending spree on players, but caution remains the watchword.

Success at Wembley on Sunday would be historic but it will probably take victory in the Championship play-off final to change Cardiff's destiny.

100 Million, Thats almost as much as I earn in a month......

Seriously tho, If they pay of Cardiff City's depts they will be heroes for ever.

100 Million, Thats almost as much as I earn in a month......

Seriously tho, If they pay of Cardiff City's depts they will be heroes for ever.

It would just be turning debt into new debt. Some debt ain't worth paying.

100 Million, Thats almost as much as I earn in a month......

Seriously tho, If they pay of Cardiff City's depts they will be heroes for ever.

It would just be turning debt into new debt. Some debt ain't worth paying.

would all depend on the terms of repayment though. Usually the only reason why debt is payed off, in the football world anyway.

100 Million, Thats almost as much as I earn in a month......

Seriously tho, If they pay of Cardiff City's depts they will be heroes for ever.

It would just be turning debt into new debt. Some debt ain't worth paying.

would all depend on the terms of repayment though. Usually the only reason why debt is payed off, in the football world anyway.

Does it really matter though what the terms are debt is debt as soon as they walk out and hand over to whoever takes the reins it has to be payed then or at some point in the future,without debt there would be no teams playing this week end thats a cert

100 Million, Thats almost as much as I earn in a month......

Seriously tho, If they pay of Cardiff City's depts they will be heroes for ever.

It would just be turning debt into new debt. Some debt ain't worth paying.

would all depend on the terms of repayment though. Usually the only reason why debt is payed off, in the football world anyway.

Does it really matter though what the terms are debt is debt as soon as they walk out and hand over to whoever takes the reins it has to be payed then or at some point in the future,without debt there would be no teams playing this week end thats a cert

Of course it matters. Some debt has to be payed back immediately with interest, some debt, like to Peter Coates of Stoke only has to be paid back when the club are in a position to do so, with no interest. Some debt gets turned into shares by owners which then can't be claimed back, similar to what the Malays have done with £6m worth they lent us a few years back. Some debt gets turned into equity like at Chelsea. Some debt gets written off.

Also when a chairman/owner leaves its usually down to a buyout, which is exactly that, a buyout of the debt! When Bates sold Chelsea, Abramovich didnt pay £80m for Chelsea, he paid off the debt to Bates and bought CFC for i think it was around £9m.

100 Million, Thats almost as much as I earn in a month......

Seriously tho, If they pay of Cardiff City's depts they will be heroes for ever.

OMG! Why is it that people think these rich people "gift" money to clubs?

Their here for the long haul ! chilll out ! Let`s concentrate whats happening on the pitch ! & let them get on with it ! We hav`nt done that bad so far have we ?

I fail to see the difference between this and past owners behaviours.

I fail to see the difference between this and past owners behaviours.

They are being responsible with money at the present and trying to become self sufficeient.......others, whilst started off the same soon got carried away and spent beyond our means.

I fail to see the difference between this and past owners behaviours.

They are being responsible with money at the present and trying to become self sufficeient.......others, whilst started off the same soon got carried away and spent beyond our means.

Craig, how on earth can you say that? Previous debts were built up over many years and after investing heavily in planning a new stadium, building an academy and getting NP to a reasonable standard for the public to go. Since moving to the new stadium debts that are bigger than those previous debts have been built up without anything more to show. And if the debts are currently growing on a day to day basis then I can't see how you can defend that whilst at the same time having a pop at previous owners. Talk about double standards.

100 Million, Thats almost as much as I earn in a month......

Seriously tho, If they pay of Cardiff City's depts they will be heroes for ever.

OMG! Why is it that people think these rich people "gift" money to clubs?

If they are in it for the long run I don't see why they wouldn't pay of some like they already have. But like OMG!!!!!

I fail to see the difference between this and past owners behaviours.

They are being responsible with money at the present and trying to become self sufficeient.......others, whilst started off the same soon got carried away and spent beyond our means.

Craig, how on earth can you say that? Previous debts were built up over many years and after investing heavily in planning a new stadium, building an academy and getting NP to a reasonable standard for the public to go. Since moving to the new stadium debts that are bigger than those previous debts have been built up without anything more to show. And if the debts are currently growing on a day to day basis then I can't see how you can defend that whilst at the same time having a pop at previous owners. Talk about double standards.

Double standards?

players wages for a start, did Sam not get carried away with that?

Spending beyond our means, nearly destroying the club.......Black Friday, using his own money

I've never doubted he meant well and thank him for some great times he gave me, just totally irresponsible with other peoples money.

His biggest masterstroke........PETER RIDSDALE!

I'm not getting into another Sam debate as it bores me, the Pro-Sam brigade get far too touchy as you just proved. We'll just agree to dis-agree.

I fail to see the difference between this and past owners behaviours.

They are being responsible with money at the present and trying to become self sufficeient.......others, whilst started off the same soon got carried away and spent beyond our means.

Craig, how on earth can you say that? Previous debts were built up over many years and after investing heavily in planning a new stadium, building an academy and getting NP to a reasonable standard for the public to go. Since moving to the new stadium debts that are bigger than those previous debts have been built up without anything more to show. And if the debts are currently growing on a day to day basis then I can't see how you can defend that whilst at the same time having a pop at previous owners. Talk about double standards.

Double standards?

players wages for a start, did Sam not get carried away with that?

Spending beyond our means, nearly destroying the club.......Black Friday, using his own money

I've never doubted he meant well and thank him for some great times he gave me, just totally irresponsible with other peoples money.

His biggest masterstroke........PETER RIDSDALE!

I'm not getting into another Sam debate as it bores me, the Pro-Sam brigade get far too touchy as you just proved. We'll just agree to dis-agree.

Yes, like I said previously, no one gifts money to football clubs. If you are dull enough to belive that then that's your look out. I just don't call borrowing £1million every month very good to be honest. Like you just said "Spending beyond our means"!!! Why exactly was that sooooo bad back then but sooooo good now? That is double standards.

I fail to see the difference between this and past owners behaviours.

They are being responsible with money at the present and trying to become self sufficeient.......others, whilst started off the same soon got carried away and spent beyond our means.

Craig, how on earth can you say that? Previous debts were built up over many years and after investing heavily in planning a new stadium, building an academy and getting NP to a reasonable standard for the public to go. Since moving to the new stadium debts that are bigger than those previous debts have been built up without anything more to show. And if the debts are currently growing on a day to day basis then I can't see how you can defend that whilst at the same time having a pop at previous owners. Talk about double standards.

Double standards?

players wages for a start, did Sam not get carried away with that?

Spending beyond our means, nearly destroying the club.......Black Friday, using his own money

I've never doubted he meant well and thank him for some great times he gave me, just totally irresponsible with other peoples money.

His biggest masterstroke........PETER RIDSDALE!

I'm not getting into another Sam debate as it bores me, the Pro-Sam brigade get far too touchy as you just proved. We'll just agree to dis-agree.

Yes, like I said previously, no one gifts money to football clubs. If you are dull enough to belive that then that's your look out. I just don't call borrowing £1million every month very good to be honest. Like you just said "Spending beyond our means"!!! Why exactly was that sooooo bad back then but sooooo good now? That is double standards.

For all you know that £1m p/m could be servicing the current debt. (if we are borrowing £1m p/m)

Like you said "people don't gift football clubs money" so why would we be "gifted" £1m p/m.

Anyway,£1m per month, lets stick to proven fact and not conjecture from a message board. I'm sure when the accounts are published next year, a lot more will become clear.

"Anyway,£1m per month, lets stick to proven fact and not conjecture from a message board. I'm sure when the accounts are published next year, a lot more will become clear."


Wasn't you saying exactly that last year? And call me Mr Thicky but how in the hell can borrowing money be "servicing debts"? How does that work then? Is that like paying one credit card off by using another one?

Tell you what Craig, lend me a tenner and I'll give you that fiver back I owe you.

Paying off loans using other loans with better re-payment structures for the club is servicing debt. Have you never done a balance transfer on a credit card so you arent paying daft interest?

Who knows whats gonna happen in the future, for all i know in 10 years the Malays may have put us in a worse position than ever, they may however have stabilised the club and made us self sufficient.

I do know a billionaire businessman like Tan would not throw his money into a bottomless pit.

Like I said we can both brandish figures about we've heard on the internet, the only ones that matter lie with companies house. The next set released by end of today, i expect to make awful reading being it the first year they had control without Riddler, next years however, we will really find out whats been happening.

Craig, I'm not saying what these guys are doing now is right or wrong. I'm not having a go at them. I am though saying that you cannot have a pop at previous owners for raising debts whilst at the same time defend the current owners who are doing exactly the same thing. If you are going to have a go at one guy for getting the club in to debt then you must also do the same about anyone else who does the same, rather than make up excuses and give lets wait and see excuses.

Like you said no one knows what is going on now and we shouldn't jump on gossip. And exactly the same rule should apply to days gone by rather than make assumptions on tabloid rumours and Echo headlines. Not even the smallest fraction of what went on back then has come out yet. So if you want me to stick to facts then please do the same.

Craig, I'm not saying what these guys are doing now is right or wrong. I'm not having a go at them. I am though saying that you cannot have a pop at previous owners for raising debts whilst at the same time defend the current owners who are doing exactly the same thing. If you are going to have a go at one guy for getting the club in to debt then you must also do the same about anyone else who does the same, rather than make up excuses and give lets wait and see excuses.

Like you said no one knows what is going on now and we shouldn't jump on gossip. And exactly the same rule should apply to days gone by rather than make assumptions on tabloid rumours and Echo headlines. Not even the smallest fraction of what went on back then has come out yet. So if you want me to stick to facts then please do the same.

We dont know the current owners are raising the debts though.

We do know Sam did. You can't deny that. £3m debt when he took over........£20m+ when he left. You can say we had a roof on Grange end etc, we obviously couldn't afford it at the time. I don't think he did it on purpose, i think even the most staunch of Sam fans will say he got carried away.

Thats all from me on this, off to bed as i'm working again tonight.

I thought previous owner had left us with assets?

I thought previous owner had left us with assets?

An Accademy worth millions, plus out line planning for a 60,000 stadium and had set it all up. Players like Roger Johnson/Loovens/Joe Ledley/Neil Alexandra/Gunter/Ramsey/Joe ledley, the list is endless. Plus top of the Championship by a clear 6pts.Two divisions higher than we were, before he arrived. Have we gone up any further since ?
I am fuming he left us Dave Jones.

When he arrived players worth zero.

I thought previous owner had left us with assets?

An Accademy worth millions, plus out line planning for a 60,000 stadium and had set it all up. Players like Roger Johnson/Loovens/Joe Ledley/Neil Alexandra/Gunter/Ramsey/Joe ledley, the list is endless. Plus top of the Championship by a clear 6pts.Two divisions higher than we were, before he arrived. Have we gone up any further since ?
I am fuming he left us Dave Jones.

When he arrived players worth zero.

And you hit the nail on the head annis,over 25million in talent yet the riddler sold them all and the debt is even worse crazy how that can be. As for craig he seems to think shares are not debt at all or at any point and paying off the local loan shark with a higer APR credit card is making a better payment option ,thats why i gave up his on a reply to his last reply to me ,keep your ear muffs and pirates eye patch on craig for i have taken mine off along time ago

I thought previous owner had left us with assets?

An Accademy worth millions, plus out line planning for a 60,000 stadium and had set it all up. Players like Roger Johnson/Loovens/Joe Ledley/Neil Alexandra/Gunter/Ramsey/Joe ledley, the list is endless. Plus top of the Championship by a clear 6pts.Two divisions higher than we were, before he arrived. Have we gone up any further since ?
I am fuming he left us Dave Jones.

When he arrived players worth zero.

And you hit the nail on the head annis,over 25million in talent yet the riddler sold them all and the debt is even worse crazy how that can be. As for craig he seems to think shares are not debt at all or at any point and paying off the local loan shark with a higer APR credit card is making a better payment option ,thats why i gave up his on a reply to his last reply to me ,keep your ear muffs and pirates eye patch on craig for i have taken mine off along time ago

Yes you are right, Craig definitely only wants to see one side. His double standards are amazing as well.

i wont ever applaud or slag sam off because i've only read stuff about him in books or this messageboard,but i will say something about the malaysians.Some of our fans wont be happy till they've fucked off.I wonder if these fans will be happy when we're in portsmouths predicament,be careful what you wish for

I thought previous owner had left us with assets?

An Accademy worth millions, plus out line planning for a 60,000 stadium and had set it all up. Players like Roger Johnson/Loovens/Joe Ledley/Neil Alexandra/Gunter/Ramsey/Joe ledley, the list is endless. Plus top of the Championship by a clear 6pts.Two divisions higher than we were, before he arrived. Have we gone up any further since ?
I am fuming he left us Dave Jones.

When he arrived players worth zero.

And you hit the nail on the head annis,over 25million in talent yet the riddler sold them all and the debt is even worse crazy how that can be. As for craig he seems to think shares are not debt at all or at any point and paying off the local loan shark with a higer APR credit card is making a better payment option ,thats why i gave up his on a reply to his last reply to me ,keep your ear muffs and pirates eye patch on craig for i have taken mine off along time ago

Yes you are right, Craig definitely only wants to see one side. His double standards are amazing as well.

Worked for Gordon Brown for a while. Then the brown stuff, or black if you drink too much guiness, hits the fan. Strongbow however doesn't produce enough solid matter, bit like socialism, so whilst it tries to get everywhere, just doesn't have quite enough substance to reach the parts..

Debt is good, having money in the bank is bad. As my old Grandmother told me always wear a clean pair of underpants as you may get run over by a bus. Quite bizarre really as it would have to be very small bus to negotiate the driveways and the security would probably shoot the driver.