Cardiff City Forum



A forum for all things Cardiff City

VINCENT TAN AND TG

Sat Feb 27, 2010 5:23 pm

When or are they going to invest?

Will it be a complete takeover or just an investment?

I understand the thing with ridsdale but if this was the case why isnt he gone? The shares are worth know where near 45p worth half that and will be worth half that again or less if we go into admisistration!

Is Borley going to meet them or is that a rumor? If he is going whens he off?



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Re: VINCENT TAN AND TG

Sat Feb 27, 2010 5:29 pm

I've said before viewtopic.php?f=2&t=5100 that I honestly believe that due to the huge debt we have, the clubs shares are surely already worthless. Why would any serious investor with no emotional connection to the club want to pay £6m to inherit a debt of around £40m?

Re: VINCENT TAN AND TG

Sat Feb 27, 2010 5:30 pm

They`ll get a better deal if we go into admin..Sad but true..

Re: VINCENT TAN AND TG

Sat Feb 27, 2010 6:35 pm

They will not invest, its bullshit

Re: VINCENT TAN AND TG

Sat Feb 27, 2010 6:48 pm

I cant see them investing, we are to much of a financial liability, everyone keeps saying how shrewd the Malaysians are with their money and investments, so why would they take such a gamble with us?

Re: VINCENT TAN AND TG

Sat Feb 27, 2010 6:55 pm

Red Barron wrote:I cant see them investing, we are to much of a financial liability, everyone keeps saying how shrewd the Malaysians are with their money and investments, so why would they take such a gamble with us?



Cut the wage bill by £2-3m. Get a bit sharper in a few other areas and it can be done. There is enough income coming in to cover the Sam and PMG debts Sams costs £1m per year (which is a small figure compared to the interest payments many other championship clubs get and is largely covered by the egg money -how deliciously ironic) and PMG's is covered by Premier club money. The biggest problem is that the accumulated debts will need sorting from day 1 and tough decisions need to be made which the current board wont do to cut the wage and expenses bill -particularly off-field.

Re: VINCENT TAN AND TG

Sat Feb 27, 2010 7:02 pm

Lawnmower wrote:
Red Barron wrote:I cant see them investing, we are to much of a financial liability, everyone keeps saying how shrewd the Malaysians are with their money and investments, so why would they take such a gamble with us?



Cut the wage bill by £2-3m. Get a bit sharper in a few other areas and it can be done. There is enough income coming in to cover the Sam and PMG debts Sams costs £1m per year (which is a small figure compared to the interest payments many other championship clubs get and is largely covered by the egg money -how deliciously ironic) and PMG's is covered by Premier club money. The biggest problem is that the accumulated debts will need sorting from day 1 and tough decisions need to be made which the current board wont do to cut the wage and expenses bill -particularly off-field.



Exactly right, I think as fans we need to get used to a reduced wage bill, and obviously the players this will attract, I'd rather mid table (or even fighting of relegation if it comes to it) knowing we are making inroads into the debt than the threat of oblivion gambling on the premiership. The problem is can our fans accept this? Thats the thing with Ridsdale apologists he wont make the tough decisions, so why keep him when any chairman with a bit of nouce can slash the costs at the club, it would truly show how good a manager Jones is also.