Sun May 12, 2024 8:07 pm
Sun May 12, 2024 8:16 pm
Sun May 12, 2024 8:22 pm
Sun May 12, 2024 8:30 pm
GrangeEndStar wrote:pembroke allan wrote:GrangeEndStar wrote:pembroke allan wrote:GrangeEndStar wrote:wez1927 wrote:Forever Blue wrote:Certain people are missing the whole point by a country mile, as has Wez, little knowledge is a dangerous thing.
We know most clubs like a lot of businesses are run on debt that has to be serviced.
What they are somehow missing is the level of growing liability compared to Tans wealth and the omission of his being guarantor etc as this goes up.
His comment about the last 15 years is clueless as the picture has worsened to the point of what's been stated in both reports and also Tan not addressing it by a statement, which causes doubt.
The liability is mostly to the owner annis which you keep ignoring, its in every accounts for years I would ask keith to comment but you hounded him off here .the accounts have been out for ages and only today you've got someone else to post this topic . Is this going to be the theme all summer on this board ? .
You are wrong if you think I posted this as I was asked to by Annis or indeed anybody else. Like you, I'm my own man and make my own mind up in all things. And as said, I'm am not anti Tan, I am pro Cardiff City and I am also realistic and pragmatic.
Our situation is a cause for concern. So much so that both the directors and auditors say so. Our ability to operate as a going concern is precarious given that fact and the "exam questions" are what you should be concerned about.
And again, the fact that VT has for some reason chosen not to state in the report that he is able or willing to continually to fund us, thus allying the concern, surely must cast some doubt in even the most realistically optimistic of us?
If you are personally not, it's your opinion which I duly respect, as I do for a few others, who for some reason don't see this ongoing situation as a red flag.
Curiosity if tan wont let club go into administration
What does that mean for club? He Stays on at club until he dies and family sell for best offer or the hit for tan becomes to much for him? Red flags precarious position suggests we could go under but if Tan won’t let's us go into administration how will we go under? Don't understand how can we do both ....
I'm not convinced that VT knows what to do Al. We know he wants out and a large part of his money back but what's the realistic plan of doing it?
He could coast along and continue firefighting, which I think he will as it's his default mode. And hope for a shot at the playoffs, "with a bit of luck" and with a restricted budget. Who knows?
But as I said, the questions given the clear issue, and it couldn't be any clearer and confirmed by publicly available facts remain.
1: How long will Tan continue to fund us?
2: How long can Tan continue to fund us?
3: What is Tans Plan?
And let's assume that funding is not an issue for a moment. Even with that, VT will behave exactly the same and get exactly the same results.
Even Blakey said that the structure of the club has to change. It couldn't be anymore obvious. And until VT sells or makes those changes, the status quo remains.
So given that and the official statements of concerns plus VTs family business finances, as they want their money back ASAP and out, something has to give.
Is this statement just a smokescreen to mean won't be spending anything in window other than what is nessasary ? I just find it odd to leave more questions than answers like the 3 questions you've just put... not sure he needs to say if going to fund club simply because not many on here would believe him plus been doing it for years ... personally I'm a pragmatist and worry/rejoice about things if and when know they're happening.
It's not a smokescreen Al but I know what you mean, as people even mentioned FFP last Jan as being used for the same purpose.
It's an official statement of identified concern as to us being a going concern. If you were reading it and it was about another club and they were in the same position, it would be an immediate red flag. If you were a potential investor, it would or may put you off due to the risk.
I can't really add much more other than what I've detailed. Actually, I can.
1: The ES case is prominent in the exec summary. This must factor into VTs thinking about future finance I would have thought, as it sticks out.
2: Our energy costs are a big burden, as they are to all businesses.
I might email the club and suggest they switch suppliers and get a smart meter.
Sun May 12, 2024 8:39 pm
Sun May 12, 2024 8:39 pm
Always City wrote:It’s time to accept the fact you’re not going to make any more from Cardiff City.
Sell the club, Vincent Tan. Time is up.
Sun May 12, 2024 8:42 pm
Welshman in CA wrote:Most would like him to leave but as I've said before and will keep repeating, he won't be going anywhere until the whole sorry Sala saga is done & dusted as I think this is where he thinks he is losing face, once that's all done I think he will be off.
Sun May 12, 2024 8:48 pm
Sun May 12, 2024 9:01 pm
pembroke allan wrote:GrangeEndStar wrote:pembroke allan wrote:GrangeEndStar wrote:pembroke allan wrote:GrangeEndStar wrote:wez1927 wrote:Forever Blue wrote:Certain people are missing the whole point by a country mile, as has Wez, little knowledge is a dangerous thing.
We know most clubs like a lot of businesses are run on debt that has to be serviced.
What they are somehow missing is the level of growing liability compared to Tans wealth and the omission of his being guarantor etc as this goes up.
His comment about the last 15 years is clueless as the picture has worsened to the point of what's been stated in both reports and also Tan not addressing it by a statement, which causes doubt.
The liability is mostly to the owner annis which you keep ignoring, its in every accounts for years I would ask keith to comment but you hounded him off here .the accounts have been out for ages and only today you've got someone else to post this topic . Is this going to be the theme all summer on this board ? .
You are wrong if you think I posted this as I was asked to by Annis or indeed anybody else. Like you, I'm my own man and make my own mind up in all things. And as said, I'm am not anti Tan, I am pro Cardiff City and I am also realistic and pragmatic.
Our situation is a cause for concern. So much so that both the directors and auditors say so. Our ability to operate as a going concern is precarious given that fact and the "exam questions" are what you should be concerned about.
And again, the fact that VT has for some reason chosen not to state in the report that he is able or willing to continually to fund us, thus allying the concern, surely must cast some doubt in even the most realistically optimistic of us?
If you are personally not, it's your opinion which I duly respect, as I do for a few others, who for some reason don't see this ongoing situation as a red flag.
Curiosity if tan wont let club go into administration
What does that mean for club? He Stays on at club until he dies and family sell for best offer or the hit for tan becomes to much for him? Red flags precarious position suggests we could go under but if Tan won’t let's us go into administration how will we go under? Don't understand how can we do both ....
I'm not convinced that VT knows what to do Al. We know he wants out and a large part of his money back but what's the realistic plan of doing it?
He could coast along and continue firefighting, which I think he will as it's his default mode. And hope for a shot at the playoffs, "with a bit of luck" and with a restricted budget. Who knows?
But as I said, the questions given the clear issue, and it couldn't be any clearer and confirmed by publicly available facts remain.
1: How long will Tan continue to fund us?
2: How long can Tan continue to fund us?
3: What is Tans Plan?
And let's assume that funding is not an issue for a moment. Even with that, VT will behave exactly the same and get exactly the same results.
Even Blakey said that the structure of the club has to change. It couldn't be anymore obvious. And until VT sells or makes those changes, the status quo remains.
So given that and the official statements of concerns plus VTs family business finances, as they want their money back ASAP and out, something has to give.
Is this statement just a smokescreen to mean won't be spending anything in window other than what is nessasary ? I just find it odd to leave more questions than answers like the 3 questions you've just put... not sure he needs to say if going to fund club simply because not many on here would believe him plus been doing it for years ... personally I'm a pragmatist and worry/rejoice about things if and when know they're happening.
It's not a smokescreen Al but I know what you mean, as people even mentioned FFP last Jan as being used for the same purpose.
It's an official statement of identified concern as to us being a going concern. If you were reading it and it was about another club and they were in the same position, it would be an immediate red flag. If you were a potential investor, it would or may put you off due to the risk.
I can't really add much more other than what I've detailed. Actually, I can.
1: The ES case is prominent in the exec summary. This must factor into VTs thinking about future finance I would have thought, as it sticks out.
2: Our energy costs are a big burden, as they are to all businesses.
I might email the club and suggest they switch suppliers and get a smart meter.
Paul must wonder why this statement was made no logical reason to announce in precarious position ect ect other than to tell fans no more money for window as one in one out seems to be the position of club.... as for investors mmmm city accounts are public record so unless they're stupid they would have looked at them diligently and put in offer accordingly? And like any offer if rejected would expect them to come back with improved one.. anyway time will tell if they were serious. Or just chancers that seem to get into club ownership.
So why the announcement when it was not required.
Sun May 12, 2024 9:44 pm
llan bluebird wrote:We have an advantage over Tan we can just leave, he can't, well without taking a hit.
Vincent Tan has loaned Cardiff City more than it is worth, its daft but it is his fault.
Administration is the process of restructuring the debt by an independent insolvency firm. So Cardiff City's administrators would sell or liquidate the business to pay Vincent Tan. Their job is to limit the losses and move quickly, so a bid for Cardiff City would be the first thing they'd try but at a very reasonable price, they just want the cash to pay the creditors and there is a hierarchy which the taxman is near the top.
So we are never entering administration under Tan!!!
For me this is like buying £10k of crypto and finding a few weeks later its worth half. Do you take your loss, double down, and buy more, or just let it ride
Abramovich loaned money to chelsea like Tan, I am sure his army of accountants know there way around Malaysian tax laws
Sun May 12, 2024 10:12 pm
Sun May 12, 2024 10:15 pm
GrangeEndStar wrote:pembroke allan wrote:GrangeEndStar wrote:pembroke allan wrote:GrangeEndStar wrote:pembroke allan wrote:GrangeEndStar wrote:wez1927 wrote:Forever Blue wrote:Certain people are missing the whole point by a country mile, as has Wez, little knowledge is a dangerous thing.
We know most clubs like a lot of businesses are run on debt that has to be serviced.
What they are somehow missing is the level of growing liability compared to Tans wealth and the omission of his being guarantor etc as this goes up.
His comment about the last 15 years is clueless as the picture has worsened to the point of what's been stated in both reports and also Tan not addressing it by a statement, which causes doubt.
The liability is mostly to the owner annis which you keep ignoring, its in every accounts for years I would ask keith to comment but you hounded him off here .the accounts have been out for ages and only today you've got someone else to post this topic . Is this going to be the theme all summer on this board ? .
You are wrong if you think I posted this as I was asked to by Annis or indeed anybody else. Like you, I'm my own man and make my own mind up in all things. And as said, I'm am not anti Tan, I am pro Cardiff City and I am also realistic and pragmatic.
Our situation is a cause for concern. So much so that both the directors and auditors say so. Our ability to operate as a going concern is precarious given that fact and the "exam questions" are what you should be concerned about.
And again, the fact that VT has for some reason chosen not to state in the report that he is able or willing to continually to fund us, thus allying the concern, surely must cast some doubt in even the most realistically optimistic of us?
If you are personally not, it's your opinion which I duly respect, as I do for a few others, who for some reason don't see this ongoing situation as a red flag.
Curiosity if tan wont let club go into administration
What does that mean for club? He Stays on at club until he dies and family sell for best offer or the hit for tan becomes to much for him? Red flags precarious position suggests we could go under but if Tan won’t let's us go into administration how will we go under? Don't understand how can we do both ....
I'm not convinced that VT knows what to do Al. We know he wants out and a large part of his money back but what's the realistic plan of doing it?
He could coast along and continue firefighting, which I think he will as it's his default mode. And hope for a shot at the playoffs, "with a bit of luck" and with a restricted budget. Who knows?
But as I said, the questions given the clear issue, and it couldn't be any clearer and confirmed by publicly available facts remain.
1: How long will Tan continue to fund us?
2: How long can Tan continue to fund us?
3: What is Tans Plan?
And let's assume that funding is not an issue for a moment. Even with that, VT will behave exactly the same and get exactly the same results.
Even Blakey said that the structure of the club has to change. It couldn't be anymore obvious. And until VT sells or makes those changes, the status quo remains.
So given that and the official statements of concerns plus VTs family business finances, as they want their money back ASAP and out, something has to give.
Is this statement just a smokescreen to mean won't be spending anything in window other than what is nessasary ? I just find it odd to leave more questions than answers like the 3 questions you've just put... not sure he needs to say if going to fund club simply because not many on here would believe him plus been doing it for years ... personally I'm a pragmatist and worry/rejoice about things if and when know they're happening.
It's not a smokescreen Al but I know what you mean, as people even mentioned FFP last Jan as being used for the same purpose.
It's an official statement of identified concern as to us being a going concern. If you were reading it and it was about another club and they were in the same position, it would be an immediate red flag. If you were a potential investor, it would or may put you off due to the risk.
I can't really add much more other than what I've detailed. Actually, I can.
1: The ES case is prominent in the exec summary. This must factor into VTs thinking about future finance I would have thought, as it sticks out.
2: Our energy costs are a big burden, as they are to all businesses.
I might email the club and suggest they switch suppliers and get a smart meter.
Paul must wonder why this statement was made no logical reason to announce in precarious position ect ect other than to tell fans no more money for window as one in one out seems to be the position of club.... as for investors mmmm city accounts are public record so unless they're stupid they would have looked at them diligently and put in offer accordingly? And like any offer if rejected would expect them to come back with improved one.. anyway time will tell if they were serious. Or just chancers that seem to get into club ownership.
So why the announcement when it was not required.
Sorry about quoting the entire thread, but busy to cut and paste etc.
When you say announcement, as you referring to the lead statement in the accounts that says "precarious position as a going concern? If so, it's not a device to say there's no more money for player budget etc, it's a situation that they have to declare otherwise there are consequences. It has to be transparent and even moreso now that the FFP audit process has tightened up as we saw in January, which caused our delay in the market.
By my calcs, we have a couple of lumps coming in which will help us next season, could be as much as £20M but we may still be restricted by FFP of course plus given our circumstances, will VT want to commit that budget for whatever his plan is for the next season?
The fact that EB is still under negotiations into preseason is also a concern and supports the fact that there are issues behind the scenes. Let's hope we hear some good news about that particular one this week as the clock is once again ticking, which if course is another concern.
Mon May 13, 2024 6:33 am
Mon May 13, 2024 7:03 am
Winchmore Hill Bluebird wrote:The other site doesn’t mention this thread at all, so far as I can see.
How come the posters here are so concerned whereas they seemingly aren’t?
Mon May 13, 2024 4:11 pm
Mon May 13, 2024 10:25 pm
ORCHARD BLUEBIRD wrote:I'll keep it simple please, please please VT DO THE RIGHT THING FOR THE SAKE OF OUR CLUB SELL TO SOMEONE WHO CAN TAKE CCFC TO NEXT LEVEL WE ALL WANT TIME MOVE ON
Tue May 14, 2024 10:21 am
JJ1927 wrote:As a former auditor of limited companies I would say the statement is pretty standard for a company with so much debt and the only real asset being the ground. I wouldn't be surprised if there are plenty of clubs with a similar statement in their accounts.
Awful as the situation is and doesnt bode well from the playing side for years to come, on the plus side, most of the debt is owed to Tan who wont put the club into administration as he will lose most of his money if he does. The stadium is not worth much without a football team to play in it so even if it was put into administration it would be in the creditors best interest to ensure the club survives. The best thing that happened to the City years ago was selling the freehold of Ninian Park to the council. This effectively stopped anyone coming in and asset stripping the club when we were in financial trouble in previous years.
Tan has to face up to reality and accept he will be lucky to get half of his money back
Tue May 14, 2024 12:16 pm
Tue May 14, 2024 12:41 pm
bluebird58 wrote:The club would be dead without Tans money. That’s all you need to say and I don’t think that’s any different to what it’s been since he bought the club. Trying to stoke up anti Tan sentiment on here is nothing new. Virtually all EFL and National League team is in the same position . Thankfully, out of every 20,000 Cardiff City fans, 19,000 don’t care about who owns the club as long as it runs and there’s a match to go to every other Saturday .
This argument on here is perpetuated by people who can’t handle the fact that they can’t get there own way - a problem with modern society in general. Stop moaning about Tan - why not suggest ways that we can work with him.
Love Tan he is our hero.
Tue May 14, 2024 1:01 pm
bluebird58 wrote:The club would be dead without Tans money. That’s all you need to say and I don’t think that’s any different to what it’s been since he bought the club. Trying to stoke up anti Tan sentiment on here is nothing new. Virtually all EFL and National League team is in the same position . Thankfully, out of every 20,000 Cardiff City fans, 19,000 don’t care about who owns the club as long as it runs and there’s a match to go to every other Saturday .
This argument on here is perpetuated by people who can’t handle the fact that they can’t get there own way - a problem with modern society in general. Stop moaning about Tan - why not suggest ways that we can work with him.
Love Tan he is our hero.
Tue May 14, 2024 2:21 pm
wez1927 wrote:bluebird58 wrote:The club would be dead without Tans money. That’s all you need to say and I don’t think that’s any different to what it’s been since he bought the club. Trying to stoke up anti Tan sentiment on here is nothing new. Virtually all EFL and National League team is in the same position . Thankfully, out of every 20,000 Cardiff City fans, 19,000 don’t care about who owns the club as long as it runs and there’s a match to go to every other Saturday .
This argument on here is perpetuated by people who can’t handle the fact that they can’t get there own way - a problem with modern society in general. Stop moaning about Tan - why not suggest ways that we can work with him.
Love Tan he is our hero.
Well said this board doesn't represent the majority.
Tue May 14, 2024 5:53 pm
wez1927 wrote:bluebird58 wrote:The club would be dead without Tans money. That’s all you need to say and I don’t think that’s any different to what it’s been since he bought the club. Trying to stoke up anti Tan sentiment on here is nothing new. Virtually all EFL and National League team is in the same position . Thankfully, out of every 20,000 Cardiff City fans, 19,000 don’t care about who owns the club as long as it runs and there’s a match to go to every other Saturday .
This argument on here is perpetuated by people who can’t handle the fact that they can’t get there own way - a problem with modern society in general. Stop moaning about Tan - why not suggest ways that we can work with him.
Love Tan he is our hero.
Well said this board doesn't represent the majority.
Tue May 14, 2024 6:04 pm
Tue May 14, 2024 6:21 pm
Paul Keevil wrote:I have always been pro-Sam but, until recently, I have never been anti-Tan. I even "tried to understand the red shirt thing".
But recent events have made me have a serious rethink.
Here we have a situation where, in the knowledge that he cannot progress the club himself, he flatly allows someone else to do so because of a petty feud.
To me that is much worse than the red shirt thing and is why I cannot support VT anymore
Tue May 14, 2024 6:22 pm
Bakedalasker wrote:wez1927 wrote:bluebird58 wrote:The club would be dead without Tans money. That’s all you need to say and I don’t think that’s any different to what it’s been since he bought the club. Trying to stoke up anti Tan sentiment on here is nothing new. Virtually all EFL and National League team is in the same position . Thankfully, out of every 20,000 Cardiff City fans, 19,000 don’t care about who owns the club as long as it runs and there’s a match to go to every other Saturday .
This argument on here is perpetuated by people who can’t handle the fact that they can’t get there own way - a problem with modern society in general. Stop moaning about Tan - why not suggest ways that we can work with him.
Love Tan he is our hero.
Well said this board doesn't represent the majority.
Well Wez if the majority are with Tan then point us to a media that supports him.
I would say Tan is tolerated by the majority because he is paying the way. Without that there would be an avalanche against him.
As for working with him as mentioned by this poster well let him suggest ways and good luck with that.
Tue May 14, 2024 6:24 pm
Tue May 14, 2024 6:30 pm
Forever Blue wrote:So Wez now wants to work with Tan![]()
![]()
![]()
Please Wez I dare you to put that on FB
I will do it for you if you want?
Because you know the majority of City fans hate Tan other than a handful of the same Tan posters.
Tue May 14, 2024 6:33 pm
wez1927 wrote:Forever Blue wrote:So Wez now wants to work with Tan![]()
![]()
![]()
Please Wez I dare you to put that on FB
I will do it for you if you want?
Because you know the majority of City fans hate Tan other than a handful of the same Tan posters.
You do realise that most of your Facebook friends/followers will be most people that want to lick your ass and isn't a true reflection? , they got to request you and join your anti club forums? . So most will be anti club etc
Tue May 14, 2024 6:35 pm
Forever Blue wrote:So Wez now wants to work with Tan![]()
![]()
![]()
Please Wez I dare you to put that on FB
I will do it for you if you want?
Because you know the majority of City fans hate Tan other than a handful of the same Tan posters.
Tue May 14, 2024 6:37 pm
wez1927 wrote:Forever Blue wrote:So Wez now wants to work with Tan![]()
![]()
![]()
Please Wez I dare you to put that on FB
I will do it for you if you want?
Because you know the majority of City fans hate Tan other than a handful of the same Tan posters.
And you always hand pick your replies to put up on here , if it's anti Tan it's posted if it's natural or pro club it doesn't get a look in tbh annis I'm bored of it all now, for that I'm out of here for a while it's getting a bit tiresome, you can have a board full of people with your views you've banned most people who dont toe the oarty line , so might as well ban me as this forum has gone to the dogs any views that you dontb like you've ridiculed a bit childish really saying your posting stuff from me on facebook grow up ffs your not 12 .