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Forget Red v Blue - We're finished

Thu Jun 14, 2012 6:55 pm

Today's statement basically highlights that we're finished and can look forward to a future similar to Rangers and Pompey, regardless of what shirt colour we play in.

Vincent Tan is a venture capitalist, which means he invests money in businesses, normally at an attractive equity %, in the hope that it will bring a return within 5 years.

When Vincent Tan purchased 40% of our club for £6 million, I'm guessing it was sold to him on the premise that we'd be promoted within 3 years which would bring a windfall of £90 million by reaching the Premiership. When it didn't happen, the year Blackpool beat us in the playoffs, I believe the club went to him asking if he'd like to buy more equity, he said no, but offered to loan the club money instead, to help us get promoted.

When he bought his 40% of the club for £6 million, that effectively valued our club at a measley £15 million, in fact it's probably worth a lot less than that now because we no longer have any players worth any money.

As a result we are now saddled with a mind boggling £44.8 million loan, treble what our entire business is worth.

If I want to go out and buy a £600 Stone Island Jacket tomorrow, to be the best dressed man in the office, paydayloans.com will give me the money tomorrow to do it, but that doesn't make it a good idea.

The Malaysians giving Malky a record breaking transfer budget this season, is nothing more than another loan and what happens if we don't go up this season?

How many more loans are we going to get?

If Vincent Tan was serious about this club, he'd have converted his loan to shares by now, he hasn't even mentioned doing this in his statement.

I think we have some dark days ahead of us, Vincent Tan is effectively just a loan company where your credit don't matter.

Today's statement was damning...

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 6:58 pm

were doomed

--Miserable sod--what do you think he is father Christmas

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 6:59 pm

Negative aleart, your one of these that just likes to put a damper down and everything. to me i cant see anything bad in the statement, they havent taken any money out of the club which me shows they dont want the debt to grow as much as it aready growing, min sam is payed off i think you will see a different and more football side to these malysians there giving us a better training ground and even making the ground bigger etc.

these are here for the long haul you will see

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 7:03 pm

A fair post mate and i do understand your concerns,but in the world of high finance the risks are great as well,ok if the club doesn't do as well as he would like he would probably pull the plug.But i firmly believe that we have to speculate to accumulate BUT it is a very risky business but i say give the guy a chance. :ayatollah: :ayatollah: :ayatollah:

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 7:08 pm

Cardiff_Davies wrote:Negative aleart, your one of these that just likes to put a damper down and everything. to me i cant see anything bad in the statement, they havent taken any money out of the club which me shows they dont want the debt to grow as much as it aready growing, min sam is payed off i think you will see a different and more football side to these malysians there giving us a better training ground and even making the ground bigger etc.

these are here for the long haul you will see


I'm one of the most positive people you'll meet, but I also have an interest in business and the numbers that go with them.

If the Malaysians are here for the long haul, why haven't they bought a majority stake in the club?

Why are they giving us loans, that they know full well we can't afford to pay back as a business?

It's not being negative mate, the numbers don't lie.

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 7:10 pm

12thMan wrote:
Cardiff_Davies wrote:Negative aleart, your one of these that just likes to put a damper down and everything. to me i cant see anything bad in the statement, they havent taken any money out of the club which me shows they dont want the debt to grow as much as it aready growing, min sam is payed off i think you will see a different and more football side to these malysians there giving us a better training ground and even making the ground bigger etc.

these are here for the long haul you will see


I'm one of the most positive people you'll meet, but I also have an interest in business and the numbers that go with them.

If the Malaysians are here for the long haul, why haven't they bought a majority stake in the club?

Why are they giving us loans, that they know full well we can't afford to pay back as a business?

It's not being negative mate, the numbers don't lie.



^ this is right, loans wont pay off.

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 7:11 pm

12thMan wrote:Today's statement basically highlights that we're finished and can look forward to a future similar to Rangers and Pompey, regardless of what shirt colour we play in.

Vincent Tan is a venture capitalist, which means he invests money in businesses, normally at an attractive equity %, in the hope that it will bring a return within 5 years.

When Vincent Tan purchased 40% of our club for £6 million, I'm guessing it was sold to him on the premise that we'd be promoted within 3 years which would bring a windfall of £90 million by reaching the Premiership. When it didn't happen, the year Blackpool beat us in the playoffs, I believe the club went to him asking if he'd like to buy more equity, he said no, but offered to loan the club money instead, to help us get promoted.

When he bought his 40% of the club for £6 million, that effectively valued our club at a measley £15 million, in fact it's probably worth a lot less than that now because we no longer have any players worth any money.

As a result we are now saddled with a mind boggling £44.8 million loan, treble what our entire business is worth.

If I want to go out and buy a £600 Stone Island Jacket tomorrow, to be the best dressed man in the office, paydayloans.com will give me the money tomorrow to do it, but that doesn't make it a good idea.

The Malaysians giving Malky a record breaking transfer budget this season, is nothing more than another loan and what happens if we don't go up this season?

How many more loans are we going to get?

If Vincent Tan was serious about this club, he'd have converted his loan to shares by now, he hasn't even mentioned doing this in his statement.

I think we have some dark days ahead of us, Vincent Tan is effectively just a loan company where your credit don't matter.

Today's statement was damning...



Before Tan invested we were set to go into administration
If Tan pulled out now we would be in administration
So why not go for it and take loans off the man who in time will own the club anyway.
I can't see him wanting to lose 100m so I can't see him placing us into administration at any point.

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 7:19 pm

2blue2handle wrote:
12thMan wrote:Today's statement basically highlights that we're finished and can look forward to a future similar to Rangers and Pompey, regardless of what shirt colour we play in.

Vincent Tan is a venture capitalist, which means he invests money in businesses, normally at an attractive equity %, in the hope that it will bring a return within 5 years.

When Vincent Tan purchased 40% of our club for £6 million, I'm guessing it was sold to him on the premise that we'd be promoted within 3 years which would bring a windfall of £90 million by reaching the Premiership. When it didn't happen, the year Blackpool beat us in the playoffs, I believe the club went to him asking if he'd like to buy more equity, he said no, but offered to loan the club money instead, to help us get promoted.

When he bought his 40% of the club for £6 million, that effectively valued our club at a measley £15 million, in fact it's probably worth a lot less than that now because we no longer have any players worth any money.

As a result we are now saddled with a mind boggling £44.8 million loan, treble what our entire business is worth.

If I want to go out and buy a £600 Stone Island Jacket tomorrow, to be the best dressed man in the office, paydayloans.com will give me the money tomorrow to do it, but that doesn't make it a good idea.

The Malaysians giving Malky a record breaking transfer budget this season, is nothing more than another loan and what happens if we don't go up this season?

How many more loans are we going to get?

If Vincent Tan was serious about this club, he'd have converted his loan to shares by now, he hasn't even mentioned doing this in his statement.

I think we have some dark days ahead of us, Vincent Tan is effectively just a loan company where your credit don't matter.

Today's statement was damning...



Before Tan invested we were set to go into administration
If Tan pulled out now we would be in administration
So why not go for it and take loans off the man who in time will own the club anyway.
I can't see him wanting to lose 100m so I can't see him placing us into administration at any point.


We wouldnt go into admin.

Player sales ad future ST money would wipe out the debt.

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 7:23 pm

We wouldnt go into admin.

Player sales ad future ST money would wipe out the debt.[/quote] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 7:29 pm

RoathMagic wrote:
2blue2handle wrote:
12thMan wrote:Today's statement basically highlights that we're finished and can look forward to a future similar to Rangers and Pompey, regardless of what shirt colour we play in.

Vincent Tan is a venture capitalist, which means he invests money in businesses, normally at an attractive equity %, in the hope that it will bring a return within 5 years.

When Vincent Tan purchased 40% of our club for £6 million, I'm guessing it was sold to him on the premise that we'd be promoted within 3 years which would bring a windfall of £90 million by reaching the Premiership. When it didn't happen, the year Blackpool beat us in the playoffs, I believe the club went to him asking if he'd like to buy more equity, he said no, but offered to loan the club money instead, to help us get promoted.

When he bought his 40% of the club for £6 million, that effectively valued our club at a measley £15 million, in fact it's probably worth a lot less than that now because we no longer have any players worth any money.

As a result we are now saddled with a mind boggling £44.8 million loan, treble what our entire business is worth.

If I want to go out and buy a £600 Stone Island Jacket tomorrow, to be the best dressed man in the office, paydayloans.com will give me the money tomorrow to do it, but that doesn't make it a good idea.

The Malaysians giving Malky a record breaking transfer budget this season, is nothing more than another loan and what happens if we don't go up this season?

How many more loans are we going to get?

If Vincent Tan was serious about this club, he'd have converted his loan to shares by now, he hasn't even mentioned doing this in his statement.

I think we have some dark days ahead of us, Vincent Tan is effectively just a loan company where your credit don't matter.

Today's statement was damning...



Before Tan invested we were set to go into administration
If Tan pulled out now we would be in administration
So why not go for it and take loans off the man who in time will own the club anyway.
I can't see him wanting to lose 100m so I can't see him placing us into administration at any point.


We wouldnt go into admin.

Player sales ad future ST money would wipe out the debt.


Surely Tan could place us into administration instantly if he wished? I can't see us having 40m of players to sell instantly.

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 7:56 pm

Are you serious ? You say you have an interest in business yet you fail to see the risk is all being taken by the malasians as there is nothing to secure these loans too,other than future income.the proof of that is that Sam is still waiting for payment of his "loans".administration would mean 5p in the pound at best so why the f**k would they increase liabilities from current standing loAns to the proposed 100mil unless they have a long term plan to generate a payback.

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 7:58 pm

Monty of gabalfa wrote:Are you serious ? You say you have an interest in business yet you fail to see the risk is all being taken by the malasians as there is nothing to secure these loans too,other than future income.the proof of that is that Sam is still waiting for payment of his "loans".administration would mean 5p in the pound at best so why the f**k would they increase liabilities from current standing loAns to the proposed 100mil unless they have a long term plan to generate a payback.


Absolute nonsense.


By accepting the loans, failure to pay them back ill inevitably lead to our liquidation.

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 8:32 pm

If no one took over and we had to pay the debt of £40 million back, selling our whole squad would still not pay our debts off and we would be put into admin and probably get relegated, and then struggle in league 1, possibly relegated again. It is a risk but I would rather take this risk and still have a chance of promotion then just get relegated and go into admin and lose everything straight away

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 8:35 pm

RoathMagic wrote:
Monty of gabalfa wrote:Are you serious ? You say you have an interest in business yet you fail to see the risk is all being taken by the malasians as there is nothing to secure these loans too,other than future income.the proof of that is that Sam is still waiting for payment of his "loans".administration would mean 5p in the pound at best so why the f**k would they increase liabilities from current standing loAns to the proposed 100mil unless they have a long term plan to generate a payback.


Absolute nonsense.


By accepting the loans, failure to pay them back ill inevitably lead to our liquidation.


Why would Tan liquidate us and lose 100m?
You have just said in another thread he wouldnt put us into admin because he wouldn't get his full money back.

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 8:37 pm

2blue2handle wrote:
RoathMagic wrote:
Monty of gabalfa wrote:Are you serious ? You say you have an interest in business yet you fail to see the risk is all being taken by the malasians as there is nothing to secure these loans too,other than future income.the proof of that is that Sam is still waiting for payment of his "loans".administration would mean 5p in the pound at best so why the f**k would they increase liabilities from current standing loAns to the proposed 100mil unless they have a long term plan to generate a payback.


Absolute nonsense.


By accepting the loans, failure to pay them back ill inevitably lead to our liquidation.


Why would Tan liquidate us and lose 100m?
You have just said in another thread he wouldnt put us into admin because he wouldn't get his full money back.


Because the debt we owe him now can be repaid.

The debt we will owe in a few seasons time can not be repaid. its astronomical. Its an extra £100 m with an added £18 million per season.

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 8:43 pm

Hes a loan shark preying on the vulnerable

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 8:46 pm

RoathMagic wrote:
2blue2handle wrote:
RoathMagic wrote:
Monty of gabalfa wrote:Are you serious ? You say you have an interest in business yet you fail to see the risk is all being taken by the malasians as there is nothing to secure these loans too,other than future income.the proof of that is that Sam is still waiting for payment of his "loans".administration would mean 5p in the pound at best so why the f**k would they increase liabilities from current standing loAns to the proposed 100mil unless they have a long term plan to generate a payback.


Absolute nonsense.


By accepting the loans, failure to pay them back ill inevitably lead to our liquidation.


Why would Tan liquidate us and lose 100m?
You have just said in another thread he wouldnt put us into admin because he wouldn't get his full money back.


Because the debt we owe him now can be repaid.

The debt we will owe in a few seasons time can not be repaid. its astronomical. Its an extra £100 m with an added £18 million per season.


Why is that? Because he came in and paid the winding up order, paid and brought assets into the club? Yes?
Otherwise how come no one came in and took us on?

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 8:48 pm

2blue2handle wrote:
RoathMagic wrote:
2blue2handle wrote:
RoathMagic wrote:
Monty of gabalfa wrote:Are you serious ? You say you have an interest in business yet you fail to see the risk is all being taken by the malasians as there is nothing to secure these loans too,other than future income.the proof of that is that Sam is still waiting for payment of his "loans".administration would mean 5p in the pound at best so why the f**k would they increase liabilities from current standing loAns to the proposed 100mil unless they have a long term plan to generate a payback.


Absolute nonsense.


By accepting the loans, failure to pay them back ill inevitably lead to our liquidation.


Why would Tan liquidate us and lose 100m?
You have just said in another thread he wouldnt put us into admin because he wouldn't get his full money back.


Because the debt we owe him now can be repaid.

The debt we will owe in a few seasons time can not be repaid. its astronomical. Its an extra £100 m with an added £18 million per season.


Why is that? Because he came in and paid the winding up order, paid and brought assets into the club? Yes?
Otherwise how come no one came in and took us on?


Why is what? I dont understand what you are trying to say.

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 9:01 pm

12thMan wrote:Today's statement basically highlights that we're finished and can look forward to a future similar to Rangers and Pompey, regardless of what shirt colour we play in.

Vincent Tan is a venture capitalist, which means he invests money in businesses, normally at an attractive equity %, in the hope that it will bring a return within 5 years.

When Vincent Tan purchased 40% of our club for £6 million, I'm guessing it was sold to him on the premise that we'd be promoted within 3 years which would bring a windfall of £90 million by reaching the Premiership. When it didn't happen, the year Blackpool beat us in the playoffs, I believe the club went to him asking if he'd like to buy more equity, he said no, but offered to loan the club money instead, to help us get promoted.

When he bought his 40% of the club for £6 million, that effectively valued our club at a measley £15 million, in fact it's probably worth a lot less than that now because we no longer have any players worth any money.

As a result we are now saddled with a mind boggling £44.8 million loan, treble what our entire business is worth.

If I want to go out and buy a £600 Stone Island Jacket tomorrow, to be the best dressed man in the office, paydayloans.com will give me the money tomorrow to do it, but that doesn't make it a good idea.

The Malaysians giving Malky a record breaking transfer budget this season, is nothing more than another loan and what happens if we don't go up this season?

How many more loans are we going to get?

If Vincent Tan was serious about this club, he'd have converted his loan to shares by now, he hasn't even mentioned doing this in his statement.

I think we have some dark days ahead of us, Vincent Tan is effectively just a loan company where your credit don't matter.

Today's statement was damning...


Unfortunately I agree.
There's no mention of further equity in his statement.
We've somehow agreed to a totally unnecessary rebrand to a loan shark. :twisted:

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 9:11 pm

12thMan wrote:Today's statement basically highlights that we're finished and can look forward to a future similar to Rangers and Pompey, regardless of what shirt colour we play in.

Vincent Tan is a venture capitalist, which means he invests money in businesses, normally at an attractive equity %, in the hope that it will bring a return within 5 years.

When Vincent Tan purchased 40% of our club for £6 million, I'm guessing it was sold to him on the premise that we'd be promoted within 3 years which would bring a windfall of £90 million by reaching the Premiership. When it didn't happen, the year Blackpool beat us in the playoffs, I believe the club went to him asking if he'd like to buy more equity, he said no, but offered to loan the club money instead, to help us get promoted.

When he bought his 40% of the club for £6 million, that effectively valued our club at a measley £15 million, in fact it's probably worth a lot less than that now because we no longer have any players worth any money.

As a result we are now saddled with a mind boggling £44.8 million loan, treble what our entire business is worth.

If I want to go out and buy a £600 Stone Island Jacket tomorrow, to be the best dressed man in the office, paydayloans.com will give me the money tomorrow to do it, but that doesn't make it a good idea.

The Malaysians giving Malky a record breaking transfer budget this season, is nothing more than another loan and what happens if we don't go up this season?

How many more loans are we going to get?

If Vincent Tan was serious about this club, he'd have converted his loan to shares by now, he hasn't even mentioned doing this in his statement.

I think we have some dark days ahead of us, Vincent Tan is effectively just a loan company where your credit don't matter.

Today's statement was damning...


I agree. We won't survive if this latest and last gamble doesn't pay off.

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 9:14 pm

12thMan wrote:Today's statement basically highlights that we're finished and can look forward to a future similar to Rangers and Pompey, regardless of what shirt colour we play in.

Vincent Tan is a venture capitalist, which means he invests money in businesses, normally at an attractive equity %, in the hope that it will bring a return within 5 years.

When Vincent Tan purchased 40% of our club for £6 million, I'm guessing it was sold to him on the premise that we'd be promoted within 3 years which would bring a windfall of £90 million by reaching the Premiership. When it didn't happen, the year Blackpool beat us in the playoffs, I believe the club went to him asking if he'd like to buy more equity, he said no, but offered to loan the club money instead, to help us get promoted.

When he bought his 40% of the club for £6 million, that effectively valued our club at a measley £15 million, in fact it's probably worth a lot less than that now because we no longer have any players worth any money.

As a result we are now saddled with a mind boggling £44.8 million loan, treble what our entire business is worth.

If I want to go out and buy a £600 Stone Island Jacket tomorrow, to be the best dressed man in the office, paydayloans.com will give me the money tomorrow to do it, but that doesn't make it a good idea.

The Malaysians giving Malky a record breaking transfer budget this season, is nothing more than another loan and what happens if we don't go up this season?

How many more loans are we going to get?

If Vincent Tan was serious about this club, he'd have converted his loan to shares by now, he hasn't even mentioned doing this in his statement.

I think we have some dark days ahead of us, Vincent Tan is effectively just a loan company where your credit don't matter.

Today's statement was damning...


f*cking hell mun.....cheer up :ayatollah:

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 10:00 pm

RoathMagic wrote:
2blue2handle wrote:
12thMan wrote:Today's statement basically highlights that we're finished and can look forward to a future similar to Rangers and Pompey, regardless of what shirt colour we play in.

Vincent Tan is a venture capitalist, which means he invests money in businesses, normally at an attractive equity %, in the hope that it will bring a return within 5 years.

When Vincent Tan purchased 40% of our club for £6 million, I'm guessing it was sold to him on the premise that we'd be promoted within 3 years which would bring a windfall of £90 million by reaching the Premiership. When it didn't happen, the year Blackpool beat us in the playoffs, I believe the club went to him asking if he'd like to buy more equity, he said no, but offered to loan the club money instead, to help us get promoted.

When he bought his 40% of the club for £6 million, that effectively valued our club at a measley £15 million, in fact it's probably worth a lot less than that now because we no longer have any players worth any money.

As a result we are now saddled with a mind boggling £44.8 million loan, treble what our entire business is worth.

If I want to go out and buy a £600 Stone Island Jacket tomorrow, to be the best dressed man in the office, paydayloans.com will give me the money tomorrow to do it, but that doesn't make it a good idea.

The Malaysians giving Malky a record breaking transfer budget this season, is nothing more than another loan and what happens if we don't go up this season?

How many more loans are we going to get?

If Vincent Tan was serious about this club, he'd have converted his loan to shares by now, he hasn't even mentioned doing this in his statement.

I think we have some dark days ahead of us, Vincent Tan is effectively just a loan company where your credit don't matter.

Today's statement was damning...



Before Tan invested we were set to go into administration
If Tan pulled out now we would be in administration
So why not go for it and take loans off the man who in time will own the club anyway.
I can't see him wanting to lose 100m so I can't see him placing us into administration at any point.


We wouldnt go into admin.

Player sales ad future ST money would wipe out the debt.



Christ,your posting this crap all over the board.Taking your rational about paying tan back with advanced S/T sale over 3 years.After selling all our best assets and replacing them with freebies could you give me an accurate forcast on advanced S/T sales given we would very probably be in league 2.And don't tell me 18k as I think we be lucky to sell a 3rd of that.

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 10:11 pm

12thMan wrote:Today's statement basically highlights that we're finished and can look forward to a future similar to Rangers and Pompey, regardless of what shirt colour we play in.

Vincent Tan is a venture capitalist, which means he invests money in businesses, normally at an attractive equity %, in the hope that it will bring a return within 5 years.

When Vincent Tan purchased 40% of our club for £6 million, I'm guessing it was sold to him on the premise that we'd be promoted within 3 years which would bring a windfall of £90 million by reaching the Premiership. When it didn't happen, the year Blackpool beat us in the playoffs, I believe the club went to him asking if he'd like to buy more equity, he said no, but offered to loan the club money instead, to help us get promoted.

When he bought his 40% of the club for £6 million, that effectively valued our club at a measley £15 million, in fact it's probably worth a lot less than that now because we no longer have any players worth any money.

As a result we are now saddled with a mind boggling £44.8 million loan, treble what our entire business is worth.

If I want to go out and buy a £600 Stone Island Jacket tomorrow, to be the best dressed man in the office, paydayloans.com will give me the money tomorrow to do it, but that doesn't make it a good idea.

The Malaysians giving Malky a record breaking transfer budget this season, is nothing more than another loan and what happens if we don't go up this season?

How many more loans are we going to get?

If Vincent Tan was serious about this club, he'd have converted his loan to shares by now, he hasn't even mentioned doing this in his statement.

I think we have some dark days ahead of us, Vincent Tan is effectively just a loan company where your credit don't matter.

Today's statement was damning...

this is spot on unfortunately :ayatollah:

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 10:22 pm

I dont care if i offend or please,this guy is giving us a chance ffs,what do we say REMEMBER CARDIFF CITY IN BLUE.Or support cardiff city in red to me its a no brainer :ayatollah:

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 10:24 pm

Jesus wept. :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

IT'S THE END OF THE WORLD AS WE KNOW IT!

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 10:24 pm

scott_w_ccfc wrote:
12thMan wrote:Today's statement basically highlights that we're finished and can look forward to a future similar to Rangers and Pompey, regardless of what shirt colour we play in.

Vincent Tan is a venture capitalist, which means he invests money in businesses, normally at an attractive equity %, in the hope that it will bring a return within 5 years.

When Vincent Tan purchased 40% of our club for £6 million, I'm guessing it was sold to him on the premise that we'd be promoted within 3 years which would bring a windfall of £90 million by reaching the Premiership. When it didn't happen, the year Blackpool beat us in the playoffs, I believe the club went to him asking if he'd like to buy more equity, he said no, but offered to loan the club money instead, to help us get promoted.

When he bought his 40% of the club for £6 million, that effectively valued our club at a measley £15 million, in fact it's probably worth a lot less than that now because we no longer have any players worth any money.

As a result we are now saddled with a mind boggling £44.8 million loan, treble what our entire business is worth.

If I want to go out and buy a £600 Stone Island Jacket tomorrow, to be the best dressed man in the office, paydayloans.com will give me the money tomorrow to do it, but that doesn't make it a good idea.

The Malaysians giving Malky a record breaking transfer budget this season, is nothing more than another loan and what happens if we don't go up this season?

How many more loans are we going to get?

If Vincent Tan was serious about this club, he'd have converted his loan to shares by now, he hasn't even mentioned doing this in his statement.

I think we have some dark days ahead of us, Vincent Tan is effectively just a loan company where your credit don't matter.

Today's statement was damning...

this is spot on unfortunately :ayatollah:


we are digging ourselves a deeper hole

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 10:28 pm

Bridgend_bluebird wrote:Jesus wept. :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

IT'S THE END OF THE WORLD AS WE KNOW IT!


http://www.youtube.com/watch?v=Z0GFRcFm-aY

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 10:28 pm

Well all say f**k it and go under cas thats the reallity,vt and his money is giving us hope and i thank him for that

Re: Forget Red v Blue - We're finished

Thu Jun 14, 2012 10:29 pm

Owain wrote:
Bridgend_bluebird wrote:Jesus wept. :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

IT'S THE END OF THE WORLD AS WE KNOW IT!


http://www.youtube.com/watch?v=Z0GFRcFm-aY


That song was actually in my head whilst I typed it. :lol:

Re: Forget Red v Blue - We're finished

Fri Jun 15, 2012 4:25 am

RoathMagic wrote:
Monty of gabalfa wrote:Are you serious ? You say you have an interest in business yet you fail to see the risk is all being taken by the malasians as there is nothing to secure these loans too,other than future income.the proof of that is that Sam is still waiting for payment of his "loans".administration would mean 5p in the pound at best so why the f**k would they increase liabilities from current standing loAns to the proposed 100mil unless they have a long term plan to generate a payback.


Absolute nonsense.


By accepting the loans, failure to pay them back ill inevitably lead to our liquidation.

For what purpose would he put us into liquidation,because if he wanted to do that he could cut his losses and do it today,why make it up to a round 100 mil knowing he will never get it back.now that's nonsense mate