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CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 9:19 am

The debt that Cardiff City have is being turned into equity, now from the minute VT does that the club is totally debt free and he then has to be in it for the long run because otherwise he loses the lot!!!!! (unless of course someone buys out his shares) This is how i have been told what is happening, the club debt is approx £35 million of which approx £28mill belongs to Langstone, (hammam) they will probably accept a one off payment of £18 mill, two sites in cardiff have already been looked at to build the state of the art training center at the cost of £15 mill, a decision on which one to go with is iminent, a further tier is to be built on top of the canton stand which will take the capacity to around 35 - 38,000, the cost of this is approx £20 mill, Malky Macky is to be given around £25 million to use in the transfer market, (for reasons not to alert other clubs the figure will not become public) the rest of the money will go to running the club on a month to month basis, remember, VT has already been bankrolling the club to the tune of £1.2 million a month for the last year and a half. Of course this comes at a cost as we are now finding out, the red kit and dragon badge, red being the marketing colour of malaysia bringing prosperity and good luck.

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 9:21 am

cityone wrote: Malky Macky is to be given around £25 million to use in the transfer market, (for reasons not to alert other clubs the figure will not become public)



anyone else spot the flaw in this..... :roll:

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 9:28 am

paulh_85 wrote:
cityone wrote: Malky Macky is to be given around £25 million to use in the transfer market, (for reasons not to alert other clubs the figure will not become public)



anyone else spot the flaw in this..... :roll:


The amount he does actually spend will become obvious when he bids for other clubs players, when the transfer market closes just add it all up!!!!

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 9:35 am

how do you know the figure if its not going public

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 9:38 am

Once your debt is clear there wont be anything to add to your squad, as chris wathan said this morning

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 9:42 am

JonnieBlue wrote:how do you know the figure if its not going public


If you publicly annonce the amount of the transfer kitty any potential targets then multiply in price !!!!

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 9:44 am

cityone wrote:
JonnieBlue wrote:how do you know the figure if its not going public


If you publicly annonce the amount of the transfer kitty any potential targets then multiply in price !!!!

Didn' it just get announced on post one.......

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 9:46 am

Jackarmy20 wrote:Once your debt is clear there wont be anything to add to your squad, as chris wathan said this morning


Always makes me laugh when you gypos come on our site telling US how much debt we are actually in, you obviuosly know more about our club than we do, the figure is around about £35 million, there will be NO intrest payed to Langston what so ever and one thing is for sure, we will not cheat the tax man or shaft our creditors like so clubs do!!!!

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 9:49 am

25m at least debt to Malaysians converted to equity
18m to Sam
8m ish to pmg
15m training ground
20m stadium
10m expected annual boost required to cover costs next year

Leaves 4m for Malky to spend

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 9:55 am

cityone wrote:The debt that Cardiff City have is being turned into equity, now from the minute VT does that the club is totally debt free and he then has to be in it for the long run because otherwise he loses the lot!!!!! (unless of course someone buys out his shares) This is how i have been told what is happening, the club debt is approx £35 million of which approx £28mill belongs to Langstone, (hammam) they will probably accept a one off payment of £18 mill, two sites in cardiff have already been looked at to build the state of the art training center at the cost of £15 mill, a decision on which one to go with is iminent, a further tier is to be built on top of the canton stand which will take the capacity to around 35 - 38,000, the cost of this is approx £20 mill, Malky Macky is to be given around £25 million to use in the transfer market, (for reasons not to alert other clubs the figure will not become public) the rest of the money will go to running the club on a month to month basis, remember, VT has already been bankrolling the club to the tune of £1.2 million a month for the last year and a half. Of course this comes at a cost as we are now finding out, the red kit and dragon badge, red being the marketing colour of malaysia bringing prosperity and good luck.
Spot on,whats your brother in law take on Rangers

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 10:10 am

Jackarmy20 wrote:Once your debt is clear there wont be anything to add to your squad, as chris wathan said this morning
The jacks are scared of VT and is backers wealth.I,m in no dout they would love it if VT f**K off

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 10:10 am

wayne wrote:
cityone wrote:The debt that Cardiff City have is being turned into equity, now from the minute VT does that the club is totally debt free and he then has to be in it for the long run because otherwise he loses the lot!!!!! (unless of course someone buys out his shares) This is how i have been told what is happening, the club debt is approx £35 million of which approx £28mill belongs to Langstone, (hammam) they will probably accept a one off payment of £18 mill, two sites in cardiff have already been looked at to build the state of the art training center at the cost of £15 mill, a decision on which one to go with is iminent, a further tier is to be built on top of the canton stand which will take the capacity to around 35 - 38,000, the cost of this is approx £20 mill, Malky Macky is to be given around £25 million to use in the transfer market, (for reasons not to alert other clubs the figure will not become public) the rest of the money will go to running the club on a month to month basis, remember, VT has already been bankrolling the club to the tune of £1.2 million a month for the last year and a half. Of course this comes at a cost as we are now finding out, the red kit and dragon badge, red being the marketing colour of malaysia bringing prosperity and good luck.
Spot on,whats your brother in law take on Rangers


You,ve got me at a dssadvantage, you obviously know me but i can,t think who you are. The Rangers situation is coming to a climax due to the yank pulling out on wednesday, he pulled out because of all the threats, hate mail etc he wa getting, half of which was probably celtic fans stirring it, wehave to make sure that does not happen to our owners over the coming days/weeks. If Rangers don,t get a genuene bidder/buyer by the weekend then iy really could be liquidation for them!!!

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 11:47 am

bspark wrote:25m at least debt to Malaysians converted to equity
18m to Sam
8m ish to pmg
15m training ground
20m stadium
10m expected annual boost required to cover costs next year

Leaves 4m for Malky to spend


you think it'll cost 20 mil to add a tier to the canton? what are you a cowboy builder? :lol:

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 11:59 am

BPFairwaterBlues wrote:
bspark wrote:25m at least debt to Malaysians converted to equity
18m to Sam
8m ish to pmg
15m training ground
20m stadium
10m expected annual boost required to cover costs next year

Leaves 4m for Malky to spend


you think it'll cost 20 mil to add a tier to the canton? what are you a cowboy builder? :lol:


Just using figures from original poster, he seems to be in the know. Ask him where his figures come from?

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 12:03 pm

cityone wrote:The debt that Cardiff City have is being turned into equity, now from the minute VT does that the club is totally debt free and he then has to be in it for the long run because otherwise he loses the lot!!!!! (unless of course someone buys out his shares) This is how i have been told what is happening, the club debt is approx £35 million of which approx £28mill belongs to Langstone, (hammam) they will probably accept a one off payment of £18 mill, two sites in cardiff have already been looked at to build the state of the art training center at the cost of £15 mill, a decision on which one to go with is iminent, a further tier is to be built on top of the canton stand which will take the capacity to around 35 - 38,000, the cost of this is approx £20 mill, Malky Macky is to be given around £25 million to use in the transfer market, (for reasons not to alert other clubs the figure will not become public) the rest of the money will go to running the club on a month to month basis, remember, VT has already been bankrolling the club to the tune of £1.2 million a month for the last year and a half. Of course this comes at a cost as we are now finding out, the red kit and dragon badge, red being the marketing colour of malaysia bringing prosperity and good luck.


And when we don't gain promotion over the next three season's, come back to me about being debt free then.

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 12:06 pm

bspark wrote:
BPFairwaterBlues wrote:
bspark wrote:25m at least debt to Malaysians converted to equity
18m to Sam
8m ish to pmg
15m training ground
20m stadium
10m expected annual boost required to cover costs next year

Leaves 4m for Malky to spend


you think it'll cost 20 mil to add a tier to the canton? what are you a cowboy builder? :lol:


Just using figures from original poster, he seems to be in the know. Ask him where his figures come from?


It,s the forthcoming £100 million that will be turned into equity, any outstanding monies due to VT will be written off, (apart from the money he has already converted into shares) pmg debt is far less than £8m, the majority of it has already been converted into shares!!!!

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 12:15 pm

wayne wrote:
Jackarmy20 wrote:Once your debt is clear there wont be anything to add to your squad, as chris wathan said this morning
The jacks are scared of VT and is backers wealth.I,m in no dout they would love it if VT f**K off


Yeah i would.. but for the reason you keep your club, if you think this is bitter rivalry then your far from it, i was there during the Petty era, is isn't nice, my family brought me up watching Swansea, ones who are not here anymore, to have that taken from me due to some owners I would be utterly devastated

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 12:16 pm

cityone wrote:
Jackarmy20 wrote:Once your debt is clear there wont be anything to add to your squad, as chris wathan said this morning


Always makes me laugh when you gypos come on our site telling US how much debt we are actually in, you obviuosly know more about our club than we do, the figure is around about £35 million, there will be NO intrest payed to Langston what so ever and one thing is for sure, we will not cheat the tax man or shaft our creditors like so clubs do!!!!


Not according to journos, i don't know how much debt your in, but people following your club do, you just stay deluded mate

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 12:26 pm

cityone wrote:
bspark wrote:
BPFairwaterBlues wrote:
bspark wrote:25m at least debt to Malaysians converted to equity
18m to Sam
8m ish to pmg
15m training ground
20m stadium
10m expected annual boost required to cover costs next year

Leaves 4m for Malky to spend


you think it'll cost 20 mil to add a tier to the canton? what are you a cowboy builder? :lol:


Just using figures from original poster, he seems to be in the know. Ask him where his figures come from?


It,s the forthcoming £100 million that will be turned into equity, any outstanding monies due to VT will be written off, (apart from the money he has already converted into shares) pmg debt is far less than £8m, the majority of it has already been converted into shares!!!!


Not according to reports of tuesdays meetings and stuff Steve Borley has posted. Clearly states conversion of existing debt to equity forms part of the 100m

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 1:03 pm

Just like the housing Market, teams are not splashing the cash, if an offer is made which is reasonable then maybe teams may want to sell rather than players possibly leaving on a free.

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 1:58 pm

Jackarmy20 wrote:Once your debt is clear there wont be anything to add to your squad, as chris wathan said this morning


Scared are you? :lol: :lol: :lol: :lol:

Re: CARDIFF CITY AS WE,VE NEVER KNOWN IT.....DEBT FREE!!!!

Thu May 10, 2012 2:48 pm

BPFairwaterBlues wrote:
bspark wrote:25m at least debt to Malaysians converted to equity
18m to Sam
8m ish to pmg
15m training ground
20m stadium
10m expected annual boost required to cover costs next year

Leaves 4m for Malky to spend


you think it'll cost 20 mil to add a tier to the canton? what are you a cowboy builder? :lol:



didnt the whole stadium only cost 24 million?