Updated " ANOTHER £20m OFF OUR DEBT "

' Updated '

Cardiff’s debts – specifically to owner Tan – has been a cause of concern for some fans for some years.

In 2016, they welcomed the Malaysian businessman’s promise to undertake a series of moves to make Cardiff debt-free within five years. It has included Tan writing off large chunks of loans as well as starting the debt conversion process, with an £8m conversion into equity noted in the last set of the club’s accounts.


Now, following positive meetings between Trust representatives and club directors, the fans' body have revealed that, five months ago, Tan converted an additional £20.7m since the May 2016 accounts to further reduce the money owed to the owner.








Well done Vincent Tan

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Wez, wheres this from ?

Wez, wheres this from ?

Trust statement on forum

Apparently the debt is under 100 million now not bad seeing as some on here said we were 175 to 200 million in debt

Well done Vincent Tan

Are you sure it's Tan that should be getting the credit?

Come on where’s the sticky button

Done (only just saw the thread)

Well done Vincent Tan

Are you sure it's Tan that should be getting the credit?

Better than 175 million or even 200 million

Well done Vinny T

Apparently the debt is under 100 million now not bad seeing as some on here said we were 175 to 200 million in debt

Don't recall it being anywhere near that before Tan came.

Apparently the debt is under 100 million now not bad seeing as some on here said we were 175 to 200 million in debt

Don't recall it being anywhere near that before Tan came.

That's very true but then again the debt we had was taking us to high court, and we wasn't aiming for premiership either

Apparently the debt is under 100 million now not bad seeing as some on here said we were 175 to 200 million in debt

Don't recall it being anywhere near that before Tan came.

I remember it being enough to finish our club off once and for all but hey let's skip over that fact so we can bash Tan.

Who ran up that debt whilst learning to run a football club, constant mis management? Useless CEO’s.....
Bit like me paying off my credit card isn’t it?

Who ran up that debt whilst learning to run a football club, constant mis management? Useless CEO’s.....
Bit like me paying off my credit card isn’t it?

Don't forget about the debt paid to Sam, that was a lot of debt and there was also a lot of debt when VT took over the club

Good man -well done Vincent Tan. Let's give credit where its due!!

Apparently the debt is under 100 million now not bad seeing as some on here said we were 175 to 200 million in debt

Don't recall it being anywhere near that before Tan came.

I remember it being enough to finish our club off once and for all but hey let's skip over that fact so we can bash Tan.

No lets not skip over it.

The amount you are talking about was around £4m for the taxman. That is a small amount for someone to pay to own a club knocking on the Premiership door with all its treasure on offer.

Apparently the debt is under 100 million now not bad seeing as some on here said we were 175 to 200 million in debt

Don't recall it being anywhere near that before Tan came.

That's very true but then again the debt we had was taking us to high court, and we wasn't aiming for premiership either

We were knocking on the Premiership door.

Enough negativity about Tan he's our gaffer full stop it's about time we got over it and concentrated more on the team, where we are in the championship a lot of supporters would give there right arm for.

Who ran up that debt whilst learning to run a football club, constant mis management? Useless CEO’s.....
Bit like me paying off my credit card isn’t it?

Don't forget about the debt paid to Sam, that was a lot of debt and there was also a lot of debt when VT took over the club

Also all the stadium debts

Apparently the debt is under 100 million now not bad seeing as some on here said we were 175 to 200 million in debt

Don't recall it being anywhere near that before Tan came.

I remember it being enough to finish our club off once and for all but hey let's skip over that fact so we can bash Tan.

No lets not skip over it.

The amount you are talking about was around £4m for the taxman. That is a small amount for someone to pay to own a club knocking on the Premiership door with all its treasure on offer.

it might have been a small amount in football terms, not sure of the exact amount but it was certainly more than could reasonably be found without a backer and Tan was the only one interested in jumping in..i dont think he bought the whole club for that amount either..
the club btw was not just in debt to the tax man, it was losing money hand over fist and had a queue of debtors not just that HMRC BILL so his commitment and investment didnt stop at that first bill.
your not daft,its not that you cant grasp this but your blind hatred of him overides the reality.

Cardiff’s debts – specifically to owner Tan – has been a cause of concern for some fans for some years.

In 2016, they welcomed the Malaysian businessman’s promise to undertake a series of moves to make Cardiff debt-free within five years. It has included Tan writing off large chunks of loans as well as starting the debt conversion process, with an £8m conversion into equity noted in the last set of the club’s accounts.


Now, following positive meetings between Trust representatives and club directors, the fans' body have revealed that five months ago Tan converted an additional £20.7m since the May 2016 accounts to further reduce the money owed to the owner.

You do not have the required permissions to view the files attached to this post.

Where's you're post gone Annis I was just responding and it disappeared

Cardiff’s debts – specifically to owner Tan – has been a cause of concern for some fans for some years.

In 2016, they welcomed the Malaysian businessman’s promise to undertake a series of moves to make Cardiff debt-free within five years. It has included Tan writing off large chunks of loans as well as starting the debt conversion process, with an £8m conversion into equity noted in the last set of the club’s accounts.


Vincent Tan and Neil Warnock wave to fans before the game against Aston Villa. (Image: Peter Thomas.)
Now, following positive meetings between Trust representatives and club directors, the fans' body have revealed that, five months ago, Tan converted an additional £20.7m since the May 2016 accounts to further reduce the money owed to the owner.

There it is Annis 20 million 5 months ago

Where's you're post gone Annis I was just responding and it disappeared

I have updated it for you Wez and included, yes your right Tan has cleared another £20mill of the debt


But may I add he created the majority of it himself and is virtually only clearing his own debt

Cardiff’s debts – specifically to owner Tan – has been a cause of concern for some fans for some years.

In 2016, they welcomed the Malaysian businessman’s promise to undertake a series of moves to make Cardiff debt-free within five years. It has included Tan writing off large chunks of loans as well as starting the debt conversion process, with an £8m conversion into equity noted in the last set of the club’s accounts.


Vincent Tan and Neil Warnock wave to fans before the game against Aston Villa. (Image: Peter Thomas.)
Now, following positive meetings between Trust representatives and club directors, the fans' body have revealed that, five months ago, Tan converted an additional £20.7m since the May 2016 accounts to further reduce the money owed to the owner.

There it is Annis 20 million 5 months ago

I just put it out myself Wez

Well done Vincent Tan

Are you sure it's Tan that should be getting the credit?

Because Tan created the debt himself

Don't remember Sam paying off the debts he accumulated...

Don't remember Sam paying off the debts he accumulated...

Your right, he signed (£28 mill) it over the Riddler/Hall & Guy with £30mill worth of players and everything set up for a new stadium/shopping area, which many made fortunes out of.

Funny how when I have put a fact in,the topic regarding Tan gets derailed and changed to some-one else

This is Tans topic and I have answered your question, so answer mine now, Tan himself created the majority of the £180mill correct?

Don't remember Sam paying off the debts he accumulated...

Your right, he signed (£28 mill) it over the Riddler/Hall & Guy with £30mill worth of players and everything set up for a new stadium/shopping area, which many made fortunes out of.

Funny how when I have put a fact in,the topic regarding Tan gets derailed and changed to some-one else

This is Tans topic and I have answered your question, so answer mine now, Tan himself created the majority of the £180mill correct?

Under 100 million now also the debt stood at 62 million when tan took over so he's only added 40 million in 6 years

Don't remember Sam paying off the debts he accumulated...

Your right, he signed (£28 mill) it over the Riddler/Hall & Guy with £30mill worth of players and everything set up for a new stadium/shopping area, which many made fortunes out of.

Funny how when I have put a fact in,the topic regarding Tan gets derailed and changed to some-one else

This is Tans topic and I have answered your question, so answer mine now, Tan himself created the majority of the £180mill correct?

Under 100 million now also the debt stood at 62 million when tan took over so he's only added 40 million in 6 years

It reached nearly £200 mill Wez

Riddler doubled our debt, as his associates made multi £millions out of our club.


To be fair Tan has made nothing out of City just lost money.

We can bicker over who caused the debt but the GOOD NEWS is it's coming down!

However, it is still around the £100m mark but the club has given an assurance that it will be swiped completely by 2021. From the evidence we have so far the club (i.e. Vincent Tan) is keeping his word.