Cardiff City Forum



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Is this a realistic scenario for the Malaysians?

Mon Jul 26, 2010 8:25 pm

I'll be honest up front. We hear that the rugby junta of PG, MH and PMG want out of Cardiff City FC quickly. That may be so but their their timescale for their departure is nowhere near as short as I would like. In fact the sooner they go the better for me. Why? They have made their money off the back of our football club, the money they DID put into City was only a loan and now show little desire to help save the Club.

The Malaysians have been left holding the baby whilst not only has all the bath-water has been allowed to drain away but also there is no water left in the taps. That we have a reservoir of debt to deal with and not even as drop of water left to go towards it is dire. At present then TG and VT, with a 36% share holding, are running the Club and financing all the debt prior to their investment. That there are those who are allowing this state of affairs to continue is simply grotesque and they clearly have no heart for our Club.

That there is a war af attrition going on at CCS is stating the blindingly obvious. Of dire concern to anyone with a heart for CCFC is how the Club can be rescued from oblivion. I don't believe I'm over dramatising the predicament for had there been a united Board with a resolve to sort things out then difficult though it would be it could be done. However the parasitic visitors we have at CCS have shown themselves up, as clear as had they been x-rayed.

However, if it was on the direction of PG/MH/PMG that the Club solicitor was despatched to the Far East last weekend to ask for a further £3.5m (to go towards the pressing, immediate debt) then perhaps they are cracking before the Malaysians.

To date I believe TG/VT have put in about £9m to the Club that owes PMG some £9m at 5.5% interest. Much is said and written about the Langston debt, but whatever me might think of Sam his heart was always in CCFC. The rugby junta (PMG/PG/MH and the Rizla) simply used CCFC as a means to make money and to heck with the consequences for City.

OK, so what can be done now? If the the rugby junta's resolve is weakening then perhaps this is what the Malaysians have been waiting for once it became obvious to them that they have treated City as a cash-cow, now almost dead. Let us say that TG/VT put in that £3.5m to get City through the acute needs of the next few weeks and also offer PMG/PG/MH £5.5m (£9m-£3.5m) at 0% for their share-holding, repaid over a suitable time-frame. Now, free of the rugby junta the way would be open for associates of TG/VT to come on board free of entanglement from the junta. In so doing they could re-imburse TG/VT through the purchase of the ex-rugby junta's shares that they then held.

StT.



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Re: Is this a realistic scenario for the Malaysians?

Mon Jul 26, 2010 8:31 pm

A more realistic scenario for me is Sam Hammam converting the Langston debt to shares