Vincent Tan issues 1.74 BILLION shares for 1p ea

Vincent Tan issues 1.74 BILLION shares for 1p each.

Just under £17.5m


Devaluing once again everyone else’s Shares big time including many fans shares.

Plus Borrows more money of Mehmet Dalman at 10% interest , which will appear in next years Cardiff City’s Accounts.

As Court Cases expenses start to mount up and interest.

Emiliano Sala last 2 payments are well over due, with costs and interest mounting up.

But don’t forget Dalman said on numerous occasions that the money was put aside / provisions had been made lol

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Just under £17.5m

Could this be a case of VT paying the Sala fee and associated costs, and him covering it with additional shares?

Or maybe something else?

Just under £17.5m

Could this be a case of VT paying the Sala fee and associated costs, and him covering it with additional shares?

Or maybe something else?

It's certainly interesting in its timing, Paul...

Intrigued to find out what it means for both Vincent Tan's intentions and that of the club...

i don't know what any of this means, but does that mean as fans we can buy a share in the club ?

and can someone explain how it raises funds to pay for sala, does this mean he's selling £17m worth of shares ? are they his ?

Looks Tan did it last year too, raising £19 million on 23rd June 2022. This time raising £17.4 million.
Tans not making us debt free which he continually states he will do, yet our debts go higher and now we borrow of a third part Dalman??

Looks Tan did it last year too, raising £19 million on 23rd June 2022. This time raising £17.4 million.
Tans not making us debt free which he continually states he will do, yet our debts go higher and now we borrow of a third part Dalman??

So how does this mean our debt "goes higher" when it's effectively money coming in and sumply a further dilution of existing shares...?

IF, and I say IF, the money is a redirection to pay off the Sala debt, then that can only be seen as a positive and the only question remaining would be 'was it from the sale of FC Kjortvik or the money 'set aside' that was referred to previously (which I doubt)?

As none of us yet know, I am genuinely curious as to your assertion above and I stand to be corrected if you or anyone with knowledge can explain...

More cloak and dagger stuff from this devious club. Whatever happened to honesty and transparency?

More cloak and dagger stuff from this devious club. Whatever happened to honesty and transparency?

Genuine question again, what is 'cloak and dagger' about bringing in over £17m in...?

He did it last year and I just don't see how it is 'increasing' the debt of the club even if it is to Vincent Tan's personal investment...?

As one friend just said to me, "It's hardly asset stripping, is it?" and he's 100% right. It's not 'third parties' or 'hedge funds' either, is it?

i don't know what any of this means, but does that mean as fans we can buy a share in the club ?

and can someone explain how it raises funds to pay for sala, does this mean he's selling £17m worth of shares ? are they his ?

I'd be interested to know, too, if as fans, we can buy these shares. If so, how, and is there a minimum purchase?

i don't know what any of this means, but does that mean as fans we can buy a share in the club ?

and can someone explain how it raises funds to pay for sala, does this mean he's selling £17m worth of shares ? are they his ?

I'd be interested to know, too, if as fans, we can buy these shares. If so, how, and is there a minimum purchase?

As I understand it, he's basically added 'new shares' that brings an additional £17m+ into play. What that money means or us used for remains to be seen but it may be as simple as 'operating costs' to cover the season...

I'd be very interested to hear what someone like Keith Morgan has to say on the matter...

Chris,

Each year if a club makes a loss , financial rules say you have to prove the owners have the money to cover the losses otherwise under financial rules we would of been penalised big time . This does not mean it’s Tan who has put the money as the document will not say, it’s confidential. It could be Tan, Dalman or a third party , we won’t find out till next year , about the same time as the Sala court case.

Chris,

Each year if a club makes a loss , financial rules say you have to prove the owners have the money to cover the losses otherwise under financial rules we would of been penalised big time . This does not mean it’s Tan who has put the money as the document will not say, it’s confidential. It could be Tan, Dalman or a third party , we won’t find out till next year , about the same time as the Sala court case.

Thanks, Annis

That now makes some sense and if it keeps the EFL Wolf from the door for another season then it's a good thing

Interesting to read that it's not possible to know exactly who put the money in or whether there is more to it but it will all out in the end (next accounts)

Debt to equity?

i don't know what any of this means, but does that mean as fans we can buy a share in the club ?

and can someone explain how it raises funds to pay for sala, does this mean he's selling £17m worth of shares ? are they his ?

I'd be interested to know, too, if as fans, we can buy these shares. If so, how, and is there a minimum purchase?

As I understand it, he's basically added 'new shares' that brings an additional £17m+ into play. What that money means or us used for remains to be seen but it may be as simple as 'operating costs' to cover the season...

I'd be very interested to hear what someone like Keith Morgan has to say on the matter...

If there's no available share for debt to equity, new shares has to be created so could be that .

i don't know what any of this means, but does that mean as fans we can buy a share in the club ?

and can someone explain how it raises funds to pay for sala, does this mean he's selling £17m worth of shares ? are they his ?

Most companies do this when they venture into a new project that is meant to be for the good of the company. The extra shares are created to raise the funds for the project. This does at first bring down the present price of the shares but usually they make a quick recovery if the funds are raised so the project can go ahead. This sort of thing usually attracts investment firms and Hedge funds.

i don't know what any of this means, but does that mean as fans we can buy a share in the club ?

and can someone explain how it raises funds to pay for sala, does this mean he's selling £17m worth of shares ? are they his ?

Most companies do this when they venture into a new project that is meant to be for the good of the company. The extra shares are created to raise the funds for the project. This does at first bring down the present price of the shares but usually they make a quick recovery if the funds are raised so the project can go ahead. This sort of thing usually attracts investment firms and Hedge funds.

Every time Tan has turned debt to equity new shares have been issued thats if there's no available shares to buy.

Chris,

Each year if a club makes a loss , financial rules say you have to prove the owners have the money to cover the losses otherwise under financial rules we would of been penalised big time . This does not mean it’s Tan who has put the money as the document will not say, it’s confidential. It could be Tan, Dalman or a third party , we won’t find out till next year , about the same time as the Sala court case.

Thanks, Annis

That now makes some sense and if it keeps the EFL Wolf from the door for another season then it's a good thing

Interesting to read that it's not possible to know exactly who put the money in or whether there is more to it but it will all out in the end (next accounts)

Chris,


It is good news as it makes sure we won’t become a Wigan or Reading

Chris,

Each year if a club makes a loss , financial rules say you have to prove the owners have the money to cover the losses otherwise under financial rules we would of been penalised big time . This does not mean it’s Tan who has put the money as the document will not say, it’s confidential. It could be Tan, Dalman or a third party , we won’t find out till next year , about the same time as the Sala court case.

new shares doesn't mean new money tho .

Chris,

Each year if a club makes a loss , financial rules say you have to prove the owners have the money to cover the losses otherwise under financial rules we would of been penalised big time . This does not mean it’s Tan who has put the money as the document will not say, it’s confidential. It could be Tan, Dalman or a third party , we won’t find out till next year , about the same time as the Sala court case.

new shares doesn't mean new money tho .

Why is that, Wez...?

Chris,

Each year if a club makes a loss , financial rules say you have to prove the owners have the money to cover the losses otherwise under financial rules we would of been penalised big time . This does not mean it’s Tan who has put the money as the document will not say, it’s confidential. It could be Tan, Dalman or a third party , we won’t find out till next year , about the same time as the Sala court case.

new shares doesn't mean new money tho .

Wez,

I am not going to go into anything on this with you, because everything I have said is direct from a professional and a good source in the club


It’s actually positive what I have posted.

Wez,


The Club should answer this question and have no reason to keep it from the fans and general public . Where has the money come from? They should also tell the full story as to Tan’s intentions? is it another loan , also the loan from the company controlled by Dalman also what about making the Club debt free???

And finally when???

Cant see anything but good in this.

It can only have come about in one of three ways

1 -an outside party has invested £17.5 million into the company by buying shares- very unlikely as you would have to be mad to buy a minority interest in a club heavily in debt, with very few assets and run by someone who knows nothing about football. 2

2- Tan or Dalman have put 17.5 million cash in themselves in exchange for shares

3 -Tan or Dalman have bought 17.5 million shares for cash and the club has then repaid £17.5 million of their loan with that cash. This is a round about way of a debt for equity swap, but in the end leaves the club with debts of £17.5 million less than it had.

If 1 or 2 its great news because the club has some cash and indicates we may be in the market for decent players. If 3 at least our debt is going down.

Cant see anything but good in this.

It can only have come about in one of three ways

1 -an outside party has invested £17.5 million into the company by buying shares- very unlikely as you would have to be mad to buy a minority interest in a club heavily in debt, with very few assets and run by someone who knows nothing about football. 2

2- Tan or Dalman have put 17.5 million cash in themselves in exchange for shares

3 -Tan or Dalman have bought 17.5 million shares for cash and the club has then repaid £17.5 million of their loan with that cash. This is a round about way of a debt for equity swap, but in the end leaves the club with debts of £17.5 million less than it had.

If 1 or 2 its great news because the club has some cash and indicates we may be in the market for decent players. If 3 at least our debt is going down.

Agree with you

Chris,

Each year if a club makes a loss , financial rules say you have to prove the owners have the money to cover the losses otherwise under financial rules we would of been penalised big time . This does not mean it’s Tan who has put the money as the document will not say, it’s confidential. It could be Tan, Dalman or a third party , we won’t find out till next year , about the same time as the Sala court case.

new shares doesn't mean new money tho .

Why is that, Wez...?

because of debt to equity.

Cant see anything but good in this.

It can only have come about in one of three ways

1 -an outside party has invested £17.5 million into the company by buying shares- very unlikely as you would have to be mad to buy a minority interest in a club heavily in debt, with very few assets and run by someone who knows nothing about football. 2

2- Tan or Dalman have put 17.5 million cash in themselves in exchange for shares

3 -Tan or Dalman have bought 17.5 million shares for cash and the club has then repaid £17.5 million of their loan with that cash. This is a round about way of a debt for equity swap, but in the end leaves the club with debts of £17.5 million less than it had.

If 1 or 2 its great news because the club has some cash and indicates we may be in the market for decent players. If 3 at least our debt is going down.

Agree but my bet is that Tan or dalman have taken debt to equity.

Chris,

Each year if a club makes a loss , financial rules say you have to prove the owners have the money to cover the losses otherwise under financial rules we would of been penalised big time . This does not mean it’s Tan who has put the money as the document will not say, it’s confidential. It could be Tan, Dalman or a third party , we won’t find out till next year , about the same time as the Sala court case.

new shares doesn't mean new money tho .

Wez,

I am not going to go into anything on this with you, because everything I have said is direct from a professional and a good source in the club


It’s actually positive what I have posted.

It's definitely positive coz it's either debt to equity or new investment.

Good news keeps coming and that's us safe for the season so that's one pressure off. Diolch Mr Tan.
Or whoever. Lol.

Chris,

Each year if a club makes a loss , financial rules say you have to prove the owners have the money to cover the losses otherwise under financial rules we would of been penalised big time . This does not mean it’s Tan who has put the money as the document will not say, it’s confidential. It could be Tan, Dalman or a third party , we won’t find out till next year , about the same time as the Sala court case.

new shares doesn't mean new money tho .

Wez,

I am not going to go into anything on this with you, because everything I have said is direct from a professional and a good source in the club


It’s actually positive what I have posted.

It's definitely positive coz it's either debt to equity or new investment.

Investment?

Really?

Chris,

Each year if a club makes a loss , financial rules say you have to prove the owners have the money to cover the losses otherwise under financial rules we would of been penalised big time . This does not mean it’s Tan who has put the money as the document will not say, it’s confidential. It could be Tan, Dalman or a third party , we won’t find out till next year , about the same time as the Sala court case.

new shares doesn't mean new money tho .

Wez,

I am not going to go into anything on this with you, because everything I have said is direct from a professional and a good source in the club


It’s actually positive what I have posted.

It's definitely positive coz it's either debt to equity or new investment.

Investment?

Really?

Remember Ian your talking to Wez, who backs Tan Mo mater what and us still his hero, yet just remember the years of misery he has given us.
Divided our fans, stripped us of pride and identity and given us a huge debt beyond.

Plus court case after court case.


Even Tans Chairnan Dalman takes the piss out of him

Sam to buy ?