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Keiths comment in the Echo today

Sat Jun 16, 2012 7:24 pm

He is 'spot on' about his worries over the so-called investment. When people like Keith are sound worried then its time to listen :ayatollah:

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 7:34 pm

Angry Man wrote:He is 'spot on' about his worries over the so-called investment. When people like Keith are sound worried then its time to listen :ayatollah:


I,ve read it and I was there, and now as then we were told it would be invested as equity and the club would be debt free. It was clear then and it's clear now.

It is a part of the fair play scenario and for us to have the playing budget needed, it would not be of benefit to have a big debt showing on the books, if he is the owner, there is no debt. it's his to own. :old:

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 7:39 pm

BigGwynram wrote:
Angry Man wrote:He is 'spot on' about his worries over the so-called investment. When people like Keith are sound worried then its time to listen :ayatollah:


I,ve read it and I was there, and now as then we were told it would be invested as equity and the club would be debt free. It was clear then and it's clear now.

It is a part of the fair play scenario and for us to have the playing budget needed, it would not be of benefit to have a big debt showing on the books, if he is the owner, there is no debt. it's his to own. :old:


You may well have been told but its a worry that nothing was mentioned about it in the official statement

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 7:40 pm

Would surely help if you posted his comments. Whose Keith? :roll:

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 7:43 pm

Link Please, Keith Morgan.

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 7:43 pm

Angry Man wrote:
BigGwynram wrote:
Angry Man wrote:He is 'spot on' about his worries over the so-called investment. When people like Keith are sound worried then its time to listen :ayatollah:


I,ve read it and I was there, and now as then we were told it would be invested as equity and the club would be debt free. It was clear then and it's clear now.

It is a part of the fair play scenario and for us to have the playing budget needed, it would not be of benefit to have a big debt showing on the books, if he is the owner, there is no debt. it's his to own. :old:


You may well have been told but its a worry that nothing was mentioned about it in the official statement



It was a statement to tell the fans of the plans, not an in detail end of year account or detailed business plan, that will be disclosed in the share holders meeting, he didn't have to tell us anything in all fairness, it's his business, his money and whether we like it or not, his club.

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 7:54 pm

Strange how the story isn't on Walesonline yet its a two page spread in todays echo.

The headline is 'Questions raised over Tan's scheme'.

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 7:56 pm

Curiosity has really kicked in now.

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 7:59 pm

Angry Man wrote:Strange how the story isn't on Walesonline yet its a two page spread in todays echo.

The headline is 'Questions raised over Tan's scheme'.



ANOTHER CONSPIRACY, HEY. :roll:

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:05 pm

BigGwynram wrote:
Angry Man wrote:Strange how the story isn't on Walesonline yet its a two page spread in todays echo.

The headline is 'Questions raised over Tan's scheme'.



ANOTHER CONSPIRACY, HEY. :roll:


No just another example of unprofessionalisum on the part of Media Wales.

I'm not writing it all out but he did say 'The thing I was a bit disappointed with was it didn't make clear that as soon as the Langston money is paid off it won't convert money into shares. It would be nice to get clarification they are not paying off Langson and replacing it with another loan.

Keith also estimated that there would probably be £5 million for City manager Malky Mackay to spend in the summer tranfer market.

I wonder if Carl could get Media Wales to put the whole of the report onto the website asap

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:08 pm

Didnt realise Keith was doing Citys books now :o

Even if they did replace one debt with another I'd rather it be Tans money than a company we know nothing about, no address for or know who runs it.

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:10 pm

2blue2handle wrote:Didnt realise Keith was doing Citys books now :o

Even if they did replace one debt with another I'd rather it be Tans money than a company we know nothing about, no address for or know who runs it.


So you would prefer to have a debt which would grow up to £7 million per year interest rather than a debt with no interest rate..?

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:11 pm

2blue2handle wrote:Didnt realise Keith was doing Citys books now :o

Even if they did replace one debt with another I'd rather it be Tans money than a company we know nothing about, no address for or know who runs it.


:ayatollah:

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:12 pm

Angry Man wrote:
2blue2handle wrote:Didnt realise Keith was doing Citys books now :o

Even if they did replace one debt with another I'd rather it be Tans money than a company we know nothing about, no address for or know who runs it.


So you would prefer to have a debt which would grow up to £7 million per year interest rather than a debt with no interest rate..?


Langston have an interest rate of 7%

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:16 pm

2blue2handle wrote:
Angry Man wrote:
2blue2handle wrote:Didnt realise Keith was doing Citys books now :o

Even if they did replace one debt with another I'd rather it be Tans money than a company we know nothing about, no address for or know who runs it.


So you would prefer to have a debt which would grow up to £7 million per year interest rather than a debt with no interest rate..?


Langston have an interest rate of 7%


Sorry I meant it was a straight cut price deal with no interest rate which is what the £10 million was.

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:23 pm

The club have bought the media adam thats why it wasnt on there everything must be run through them now before its release :lol:

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:24 pm

bluebird1977 wrote:The club have bought the media adam thats why it wasnt on there everything must be run through them now before its release :lol:


:lol: It is a very interesting article and one for everyone to read. Stunned that its not on their website tbh

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:25 pm

bluebird1977 wrote:The club have bought the media adam thats why it wasnt on there everything must be run through them now before its release :lol:

Ha Ha. Is that why it's called the SUN (Tan) :roll: :oops:

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:27 pm

Angry Man wrote:
bluebird1977 wrote:The club have bought the media adam thats why it wasnt on there everything must be run through them now before its release :lol:


:lol: It is a very interesting article and one for everyone to read. Stunned that its not on their website tbh

This is not a joke the club have bought the rights to see whats being said before its released, why its not on there as more would see it. :ayatollah:

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:32 pm

Angry Man wrote:
2blue2handle wrote:
Angry Man wrote:
2blue2handle wrote:Didnt realise Keith was doing Citys books now :o

Even if they did replace one debt with another I'd rather it be Tans money than a company we know nothing about, no address for or know who runs it.


So you would prefer to have a debt which would grow up to £7 million per year interest rather than a debt with no interest rate..?


Langston have an interest rate of 7%


Sorry I meant it was a straight cut price deal with no interest rate which is what the £10 million was.


Yes but for it to be a 'straight cut price deal with no interest rate' you would need Tan's money to stop Langstons 7% interest rate charge? Your point doesn't really make sense if I am totally honest.

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:38 pm

Tony Blue Williams wrote:
Angry Man wrote:
2blue2handle wrote:
Angry Man wrote:
2blue2handle wrote:Didnt realise Keith was doing Citys books now :o

Even if they did replace one debt with another I'd rather it be Tans money than a company we know nothing about, no address for or know who runs it.


So you would prefer to have a debt which would grow up to £7 million per year interest rather than a debt with no interest rate..?


Langston have an interest rate of 7%


Sorry I meant it was a straight cut price deal with no interest rate which is what the £10 million was.


Yes but for it to be a 'straight cut price deal with no interest rate' you would need Tan's money to stop Langstons 7% interest rate charge? Your point doesn't really make sense if I am totally honest.


If Sam was willing to accept £10 million then sell players to finally get rid of the debt once and for all. Surely fans would accept that it would be better long term if players were sold to finance it.

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:41 pm

Angry Man wrote:[


If Sam was willing to accept £10 million then sell players to finally get rid of the debt once and for all. Surely fans would accept that it would be better long term if players were sold to finance it.


But Ray Ranson gets the first £3.5m of any player sales and apart from Whittingham and Turner who else could command a decent fee?

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:44 pm

Tony Blue Williams wrote:
Angry Man wrote:[


If Sam was willing to accept £10 million then sell players to finally get rid of the debt once and for all. Surely fans would accept that it would be better long term if players were sold to finance it.


But Ray Ranson gets the first £3.5m of any player sales and apart from Whittingham and Turner who else could command a decent fee?


is it any player sales or a percentage of sales over a certain amount..?

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:45 pm

Angry Man wrote:
Tony Blue Williams wrote:
Angry Man wrote:[


If Sam was willing to accept £10 million then sell players to finally get rid of the debt once and for all. Surely fans would accept that it would be better long term if players were sold to finance it.


But Ray Ranson gets the first £3.5m of any player sales and apart from Whittingham and Turner who else could command a decent fee?


is it any player sales or a percentage of sales over a certain amount..?

The 1st 2.8million he gets as the agreement was re-wrote.

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:47 pm

bluebird1977 wrote:
Angry Man wrote:
Tony Blue Williams wrote:
Angry Man wrote:[


If Sam was willing to accept £10 million then sell players to finally get rid of the debt once and for all. Surely fans would accept that it would be better long term if players were sold to finance it.


But Ray Ranson gets the first £3.5m of any player sales and apart from Whittingham and Turner who else could command a decent fee?


is it any player sales or a percentage of sales over a certain amount..?

The 1st 2.8million he gets as the agreement was re-wrote.


What a pathetic agreement for the club FFS!!! :evil:

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 8:59 pm

Angry Man wrote:
bluebird1977 wrote:
Angry Man wrote:
Tony Blue Williams wrote:
Angry Man wrote:[


If Sam was willing to accept £10 million then sell players to finally get rid of the debt once and for all. Surely fans would accept that it would be better long term if players were sold to finance it.


But Ray Ranson gets the first £3.5m of any player sales and apart from Whittingham and Turner who else could command a decent fee?


is it any player sales or a percentage of sales over a certain amount..?

The 1st 2.8million he gets as the agreement was re-wrote.


What a pathetic agreement for the club FFS!!! :evil:


Better than having to pay it back as it was well overdue.

The 50% straight interest that Ridsdale agreed with them in the 1st place was the bad deal !

Also interest charged by the malaysians is in line with the interest charged by sam and PMG, why would they charge less. none of it has actually been paid anyway (unlike PMG) . If they are true to their word it will be part of the debt-equity conversion anyway.

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 9:01 pm

Lawnmower wrote:
Angry Man wrote:
bluebird1977 wrote:
Angry Man wrote:
Tony Blue Williams wrote:
Angry Man wrote:[


If Sam was willing to accept £10 million then sell players to finally get rid of the debt once and for all. Surely fans would accept that it would be better long term if players were sold to finance it.


But Ray Ranson gets the first £3.5m of any player sales and apart from Whittingham and Turner who else could command a decent fee?


is it any player sales or a percentage of sales over a certain amount..?

The 1st 2.8million he gets as the agreement was re-wrote.


What a pathetic agreement for the club FFS!!! :evil:


Better than having to pay it back as it was well overdue.

The 50% straight interest that Ridsdale agreed with them in the 1st place was the bad deal !

Also interest charged by the malaysians is in line with the interest charged by sam and PMG, why would they charge less. none of it has actually been paid anyway (unlike PMG) . If they are true to their word it will be part of the debt-equity conversion anyway.


But that is what Keith is worried about because the debt equity conversation wasn't mentioned in the statement

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 9:05 pm

bluebird1977 wrote:
Angry Man wrote:
bluebird1977 wrote:The club have bought the media adam thats why it wasnt on there everything must be run through them now before its release :lol:


:lol: It is a very interesting article and one for everyone to read. Stunned that its not on their website tbh

This is not a joke the club have bought the rights to see whats being said before its released, why its not on there as more would see it. :ayatollah:


How come the article is in the actual newspaper then? Would it not have been censored before being printed in the paper?

Or is it only the online articles that the club have "bought" and are choosing to censor?

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 9:07 pm

is it any player sales or a percentage of sales over a certain amount..?[/quote]
The 1st 2.8million he gets as the agreement was re-wrote.[/quote]

What a pathetic agreement for the club FFS!!! :evil:[/quote]

Better than having to pay it back as it was well overdue.

The 50% straight interest that Ridsdale agreed with them in the 1st place was the bad deal !

Also interest charged by the malaysians is in line with the interest charged by sam and PMG, why would they charge less. none of it has actually been paid anyway (unlike PMG) . If they are true to their word it will be part of the debt-equity conversion anyway.[/quote]

But that is what Keith is worried about because the debt equity conversation wasn't mentioned in the statement[/quote]

If it isn't then the Malaysians will just be left with 49% of a debt overloaded statment.

Look at it this way, without them we are in admin. IF they don't change the debt to eqity and pull out then we are in admin.

At least there is a CHANCE we can survive/succeed with them. Until Sam is sorted and the conversion is done, then we shold all be, well maybe not worried, but cautious, but without their funding we truly would be screwed. And stuff like selling the players to clear debts is dreamland. We couldn't even cover Sams debt, especially as other clubs aren't stupid, they would offer us well under (like we did for Turner) - AND we'd go down, no doubt, THEN we will have a massive reduction in our income. What then, crowds of 12000 knocking around the CCS...

Re: Keiths comment in the Echo today

Sat Jun 16, 2012 9:10 pm

Lawnmower wrote:
Angry Man wrote:
bluebird1977 wrote:
Angry Man wrote:
Tony Blue Williams wrote:
Angry Man wrote:[


If Sam was willing to accept £10 million then sell players to finally get rid of the debt once and for all. Surely fans would accept that it would be better long term if players were sold to finance it.


But Ray Ranson gets the first £3.5m of any player sales and apart from Whittingham and Turner who else could command a decent fee?


is it any player sales or a percentage of sales over a certain amount..?

The 1st 2.8million he gets as the agreement was re-wrote.


What a pathetic agreement for the club FFS!!! :evil:


Better than having to pay it back as it was well overdue.

The 50% straight interest that Ridsdale agreed with them in the 1st place was the bad deal !

Also interest charged by the malaysians is in line with the interest charged by sam and PMG, why would they charge less. none of it has actually been paid anyway (unlike PMG) . If they are true to their word it will be part of the debt-equity conversion anyway.


And that's what's happening from what I have been told,