It's A Good News Day

Tan turning £68 mill of debt to equity, writing off a further £10 mill, then reducing debt to equity of remaining £40 mill by £8 million per year until 2021.



Don't think the dark side will like it.

Really good news although the praise heaped on Rusty Spade is a little worrying.
Has the ringleader of the dark side spoken up yet?

Cyncoedslumdog wrote:Really good news although the praise heaped on Rusty Spade is a little worrying.
Has the ringleader of the dark side spoken up yet?

Not one of his better days. Don't think he's a happy chappy

Where's the article on this?

Very much appreciated, but way way WAY overdue.

Arkay Dubya wrote:Where's the article on this?

WOL, BBC,SKY SPORTS, CCMB and most importantly "the dark side"

Here's the link Arkay - www.walesonline.co.uk/sport/football/football-news/vincent-tan-converts-68m-debt-10875878

Red614 wrote:Very much appreciated, but way way WAY overdue.

Told you so!

It was never going to happen until the ship was steadied. Don't know what you were fretting about

This is what you call a steady ship, is it?

I think that the Langston debt and the spectre of Sam hanging over the club were factors in Tan's timing of this equity conversion. To use another nautical analogy, the decks are now cleared and the club is now Tan's with no outside influence.

No doubt, getting caught with the transfer embargo has affected the thinking and the five year plan has been designed to minimise that risk in the future.