Worried? - Anyone else or just me?

100 million investment, large warchest, Premiership here we come... huzzah...

I was always told if anything looks to good to be true, invevitably it is.

When Sam came, he promised the world, we all loved Sam. He spent rediculous money for where we were at the time and got us to within an hairs bredth from the promised land. He left us 24 million in debt and we were worried, the Riddler took over and continued the dream, up to 40 million, a couple of close calls but still not quite there and we were still worried. Now we have the Malaysians, suddenly a year after they took over our debt has spiralled to 80+ million (so we read) and this is with them saying we must be run as a business and look at costs. Still we languish in the Championship.

I read about this 100 miliion investiment, which will all be put into equity, free money... huzzah....

What does that mean though? Being no accountant, I looked it up. It means a shareholder whose investment will be the last thing repaid after liquidation after all other debts have been paid! So we should rejoice, the Malaysians are putting all this money as equity.

But what are they buying for this 100 million, that goes onto equity? Players? maybe some, but on the whole they are buying the current debt. In fact they would probably end up the only ones we owe a debt to. But its equity, so they will be the last to pay!!! They are the only ones, they will be the first to pay????

Confused? I am.

So what do they get out of this, everyone keeps saying they are great businessmen, so we are safe. Yes they are good businessmen, they are really good at making money...... for them!

They are not fans, they are businessmen. Is this venture to get a Premiership team, that surely is a nice to have isn't it. But whats their exit strategy if it doesn't come off. It doesn't sound like we will have gazillions to spend on players, its all a gamble. Charlton and Sheff Wed will be looking to emulate Southampton and Norwich before them as they are the crests of waves, Leicester are still mega bucks (didn't do them any good last year did it), Middlesborough will fancy their chances and then there's Bolton, Wolves and Blackburn, the last with their rich asian benefactor (who knows nothing about football). So throwing money at it does not guarantee success (do we know that).

What other motives are there, can there be any? VT is well known in the far east for his 'government contacts' which assists in getting things done. Does he have plans for other things, like a Casino, Shopping Centre?

How long before they get bored of the whole thing and decide they don't want to throw any more good money after bad. How long before they decide to recoup what they can? How would he recoup, every good businessman has back-up plans. Plenty of land, why does it need to be a football ground when a shopping centre with a large Casino would fit in so well.

Maybe I'm overdramatic and too bleak, maybe it is free money and nothing to worry about.

I can't think of what my mother told me as a child.

'Beware of strange men offering free gifts'.

So what do they get out of this, everyone keeps saying they are great businessmen, so we are safe. Yes they are good businessmen, they are really good at making money...... for them!

Ultimately, Cardiff City making money and being successful is the only way they're going to make money for themselves. Isn't that a good thing for the club and it's fans?

They are not fans,

This could be a blessing in disguise because it means that emotion won't be a driving force behind their actions. Sound business acumen, and level headedness will bbe the driving force behind the club's possible success.

Nice post,you may well be right but the way I look at it is,they may well screw us over some time in the future and then we will be fucked.What alot of people refuse to see is were rather fucked now anyway.Given the choice(which there isn't one really)I'll take the former.One thing is for certain,some people will take great pleasure saying I told you so whatever happens,me I just want to enjoy the ride for as long as it lasts.And as long as I last.

Nice post,you may well be right but the way I look at it is,they may well screw us over some time in the future and then we will be fucked.What alot of people refuse to see is were rather fucked now anyway.Given the choice(which there isn't one really)I'll take the former.One thing is for certain,some people will take great pleasure saying I told you so whatever happens,me I just want to enjoy the ride for as long as it lasts.And as long as I last.

We are not fkked at all.

If we sold Whits and Turner that would pay Langston.

If we earmarked the next 3 ST money to Tan, plus the sales of Mason, Miller, Earnie, Kiss and Gun.

Work in the free transfer market and try and renogotiate current contracts.

job done.

Shit the 500 season ticket holders would be paying through the nose to watch non league football LOL

Nice post,you may well be right but the way I look at it is,they may well screw us over some time in the future and then we will be fucked.What alot of people refuse to see is were rather fucked now anyway.Given the choice(which there isn't one really)I'll take the former.One thing is for certain,some people will take great pleasure saying I told you so whatever happens,me I just want to enjoy the ride for as long as it lasts.And as long as I last.

We are not fkked at all.

If we sold Whits and Turner that would pay Langston.

If we earmarked the next 3 ST money to Tan, plus the sales of Mason, Miller, Earnie, Kiss and Gun.

Work in the free transfer market and try and renogotiate current contracts.

job done.

Yeh right,Like I said fucked allways

as said before yes all well and good! but what about other debts? also income stream will def go down so eventually be back in debt then what? permant lower league status because thats seeems to be only outcome your way!

as said before yes all well and good! but what about other debts? also income stream will def go down so eventually be back in debt then what? permant lower league status because thats seeems to be only outcome your way!

How did Swansea manager then? Spent hardly anythng year on year, one of the lowest wage bills, 16,000 attendances and didnt finish lower than 9th ever in the NPC.

as said before yes all well and good! but what about other debts? also income stream will def go down so eventually be back in debt then what? permant lower league status because thats seeems to be only outcome your way!

How did Swansea manager then? Spent hardly anythng year on year, one of the lowest wage bills, 16,000 attendances and didnt finish lower than 9th ever in the NPC.

been there before they went into admin to get where they are now! bit luck with manager and hey presto premier! we dont get that lucky do we?
oh they didnt have 16k it was more like 12k
you plan to do it opposite way around! strip club of good players bring in free bees on min wage and hope fans stay??? no chance of having 20k season tickets then!!!

as said before yes all well and good! but what about other debts? also income stream will def go down so eventually be back in debt then what? permant lower league status because thats seeems to be only outcome your way!

How did Swansea manager then? Spent hardly anythng year on year, one of the lowest wage bills, 16,000 attendances and didnt finish lower than 9th ever in the NPC.

been there before they went into admin to get where they are now! bit luck with manager and hey presto premier! we dont get that lucky do we?
oh they didnt have 16k it was more like 12k
you plan to do it opposite way around! strip club of good players bring in free bees on min wage and hope fans stay??? no chance of having 20k season tickets then!!!

They went into admin for the fee of 800k 11 years ago. I dont think it had any baring on the way they handled the club since then.

My point is you dont have to spend what you dont have in order for success. If we get rid of our top earners not only will the transfer fees get rid of most of the debt but the wages will get rid of mot of the shortfall meaning for the first time in years we will be able to operate not losing money.

Yes we will have to pick up some signings of the free market. But isnt a club thats ours and had a definate future all be it a lower Championship club better than one that could uite possibly be liuidated in a few seasons time?

You have to decide what means ''we are fcked'' 1) liquidation 2) not pushing for promotion.

Id take number 2 every time.

They are taking a gamble so we are are too-

If it goes well we are all winners --they have a club worth 200 millionm with a worldwide income
WE have a premier league club and 38000 every week

Its probabl;y a 60-40- against gamble but its more exciting than being a boring club with no ambition

They are taking a gamble so we are are too-

If it goes well we are all winners --they have a club worth 200 millionm with a worldwide income
WE have a premier league club and 38000 every week

Its probabl;y a 60-40- against gamble but its more exciting than being a boring club with no ambition

A club worth £200 million?!

You think we have a 40% of getting promoted this year?! That makes us 4/6 on with the bookies then? Lump on if you think that! Not only do we have to get promoted, but we have to stay there. Once we stay there we have to out do the likes of Man Utd and Barcelona in Asia in order just to stop making a loss. We have about as much chance of that happening as me winning the lottery. So you are basically risking the fiture of the club on a million to 1 shot.

Would you rather have no club than a club that does things sensibly? Sam Hamam really has created a monter with our fans.

As an accountant,I find today's statement extremely worrying. Originally we were led to believe that the Langston debt would be paid off in full and all loans would be converted to equity. What is now apparent however, is our majority shareholder intends funding the club up to May 2013 with more loans, but with no commitment to converting these into equity. This is not suprising however when you consider that £6 million bought 40% of the club shares. Our debt at the end of next season could be close to £100 million and we might still be in the championship!

So what do they get out of this, everyone keeps saying they are great businessmen, so we are safe. Yes they are good businessmen, they are really good at making money...... for them!

Ultimately, Cardiff City making money and being successful is the only way they're going to make money for themselves. Isn't that a good thing for the club and it's fans?

Depends on whether at the end of the day they make their money back and we still have a team. If the only way they make all (or some if they cut their losses) is to sell the ground, the players, the land, etc. Great for them, not so great for us.

They are not fans,

This could be a blessing in disguise because it means that emotion won't be a driving force behind their actions. Sound business acumen, and level headedness will bbe the driving force behind the club's possible success.

I truly hope you are right, the consequences if you are wrong just ain't worth thinking about.