| Tan's financial madness revealed. 07:22 - Dec 18 with 11895 views | NOTRAC |
A story in the Western Mail this morning reveals that all legal charges covering secured debts have been paid off by Vincent Tan, thus tightening his grip of control on the Club.
These debts included historic amounts such as the PMG debt of £8.7m,Ray Hanson's debt of £2.5m and the mystery debts of Erskine Finance(registered in Tortola in the Caribbean) and Edgedale International (registered in the Virgin Islands).
It is now estimated by the Western Mail that the total monies owed to Vincent Tan has risen to £120m and that he has introduced up to £150m in total into the Club.
The club is understood to see the debt repayments as part of the owners long standing commitment to the club.
The repayment of these secured creditors was only made public yesterday, but on further reading it transpires that all these payments were made prior to the end of the previous years accounts I.e when Cardiff were in the Premiership.
It would be almost impossible therefore for Tan to ever get his money back, unless Cardiff returned to the Premiership.
Having failed so completely after the injection of such huge amounts of money, it is very unlikely that Tan would ever go down the same road and inject further substantial monies into the Club in future.
No doubt Tan now wishes that he hadn't made those payments, as even a Cardiff City spokesman said "the amount that the club owes is something they cannot afford to repay.
There is also a warning for those believing that new investors into our Club would bring additional success.
It is now clear that even introducing amounts of £100m or more guarantees nothing ,unless the Club's structure is right. |  |
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| Tan's financial madness revealed. on 15:08 - Jul 7 with 1248 views | Uxbridge |
| Tan's financial madness revealed. on 14:20 - Jul 7 by valleyboy |
Yes it is
Not only have I got some really laughable postings on you but many many others as well, including some from the one and only Colin Jones -Swansea
Was there some deal in Swansea to get some brain transplants for you and the others, or is it a case of conveniently forgetting what you have written in the past
Remember how you used to say how good Huw Jenkins and the rest of them were and they wouldn’t sell the club as they had the interest of the Swans at heart
The only interest they had and what I used to keep telling you, was their back pockets and how much they could fill them to |
You said a lot of things H. Remember your predictions when your favourite team got promoted last time. Didn't quite pan out eh  . Still, good to see you back after a long period of silence.
PS I wouldn't confuse me taking the mick of the way your other team embraced each new master running their Club with me actually thinking our lot wouldn't ever sell. The manner they did so did surprise me though, I did think them better than that. Many of us did. |  |
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| Tan's financial madness revealed. on 15:12 - Jul 7 with 1243 views | DJack |
| Tan's financial madness revealed. on 15:08 - Jul 7 by Uxbridge |
You said a lot of things H. Remember your predictions when your favourite team got promoted last time. Didn't quite pan out eh . Still, good to see you back after a long period of silence.
PS I wouldn't confuse me taking the mick of the way your other team embraced each new master running their Club with me actually thinking our lot wouldn't ever sell. The manner they did so did surprise me though, I did think them better than that. Many of us did. |
OK so who is he, he ain't Sir Scott, Scooby, Sid and I don't believe that he is Armchair...so whom? |  |
| It is far better to grasp the universe as it really is than to persist in delusion, however satisfying and reassuring. - Carl Sagan |
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| Tan's financial madness revealed. (n/t) on 15:16 - Jul 7 with 1233 views | valleyboy |
| Tan's financial madness revealed. on 15:08 - Jul 7 by Uxbridge |
You said a lot of things H. Remember your predictions when your favourite team got promoted last time. Didn't quite pan out eh . Still, good to see you back after a long period of silence.
PS I wouldn't confuse me taking the mick of the way your other team embraced each new master running their Club with me actually thinking our lot wouldn't ever sell. The manner they did so did surprise me though, I did think them better than that. Many of us did. |
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| Tan's financial madness revealed. on 15:49 - Jul 7 with 1178 views | valleyboy |
| Tan's financial madness revealed. on 15:08 - Jul 7 by Uxbridge |
You said a lot of things H. Remember your predictions when your favourite team got promoted last time. Didn't quite pan out eh . Still, good to see you back after a long period of silence.
PS I wouldn't confuse me taking the mick of the way your other team embraced each new master running their Club with me actually thinking our lot wouldn't ever sell. The manner they did so did surprise me though, I did think them better than that. Many of us did. |
If Cardiff was/is my favourite team. Then why would I rack up over 1500 games watching the Swans since 1978, when I started to watch them regulary after breaking my leg playing football and that’s not counting many midweek games before
Strange that
The reason must be that I have no phobia in supporting all Welsh teams like you lot from Swansea
You only have to read a thread on here today or was it yesterday about supporting England, to see this phobia
Thankfully that’s not for me | | | |
| Tan's financial madness revealed. on 19:37 - Jul 7 with 1038 views | TNT |
| Tan's financial madness revealed. on 15:49 - Jul 7 by valleyboy |
If Cardiff was/is my favourite team. Then why would I rack up over 1500 games watching the Swans since 1978, when I started to watch them regulary after breaking my leg playing football and that’s not counting many midweek games before
Strange that
The reason must be that I have no phobia in supporting all Welsh teams like you lot from Swansea
You only have to read a thread on here today or was it yesterday about supporting England, to see this phobia
Thankfully that’s not for me |
1500 games watching The Swans, yet you call us 'You lot from Swansea'. Fa*k off is it mate, you make byron sound plausible, and he was sussed after one post purporting to be a Swans fan. | |
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| Tan's financial madness revealed. on 20:00 - Jul 7 with 1005 views | monmouth |
| Tan's financial madness revealed. on 12:23 - Jul 7 by valleyboy |
A shower of shit that is a team that has been promoted to the Premier League??????
What do you call Swansea then?????
A team that’s been relegated
Will lose something like £60 million in lost revenue from Sky
Run by a bunch of crooks that are only interested in one thing - MONEY
Unable to sell players they want to get rid of to reduce the wage bill
Can’t compete to sign a player from Division One because there’s no money to buy him
Good bet to be relegated to Division One at the end of the season
I could go and say more but we’ll leave it at that for now |
Read it again. |  |
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| Tan's financial madness revealed. on 21:58 - Jul 7 with 945 views | valleyboy |
| Tan's financial madness revealed. on 19:37 - Jul 7 by TNT |
1500 games watching The Swans, yet you call us 'You lot from Swansea'. Fa*k off is it mate, you make byron sound plausible, and he was sussed after one post purporting to be a Swans fan. |
I wouldn’t go and see a Swansea game if you paid me these days
I made the stand on principle and that I wouldn’t put any more money into the pockets of any hedge fund manager, that wasn’t interested in Swansea City, but only in the money that club could generate for them
What you do is up to you
I can’t stop people being fools
If you can’t see what these people are doing, then you must be blind
Swansea fans even accepts, that these crooked old directors still attend games and enjoy the hospitality given and you just stand there and leave it happen
How sad to see this happen | | | |
| Tan's financial madness revealed. on 23:32 - Jul 7 with 881 views | TNT |
| Tan's financial madness revealed. on 21:58 - Jul 7 by valleyboy |
I wouldn’t go and see a Swansea game if you paid me these days
I made the stand on principle and that I wouldn’t put any more money into the pockets of any hedge fund manager, that wasn’t interested in Swansea City, but only in the money that club could generate for them
What you do is up to you
I can’t stop people being fools
If you can’t see what these people are doing, then you must be blind
Swansea fans even accepts, that these crooked old directors still attend games and enjoy the hospitality given and you just stand there and leave it happen
How sad to see this happen |
cardiff are now in the premier league, The Swans are in the championship...you now don't want to support The Swans. Very convenient. End of. | |
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| Tan's financial madness revealed. on 08:42 - Jul 8 with 774 views | valleyboy |
| Tan's financial madness revealed. on 23:32 - Jul 7 by TNT |
cardiff are now in the premier league, The Swans are in the championship...you now don't want to support The Swans. Very convenient. End of. |
Well don’t call yourself a Swans fan as you have done nothing to try and stop this miserable mess Swansea City are in
I’ve heard this so often that you follow the team never mind what’s happening to the club
One day there could be no club, as these hedge fund managers are ruthless
Not only will they be wanting their initial investment back, but any other money they can get their hands on, leaving the club hoping they can find another Vincent Tan to save them from extingsion
I would say, the club is now in a bad a time as when Petty was around
The only difference is, that these present owners are more sophisticated than Petty and are robbing you blind without you knowing it | | | |
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