UK time is: 09:09:31
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Cardiff City Trust 'Positive' After TG Meeting

CCST Statement:

Cardiff City Supporters` Trust Chairman Tim Hartley and board member Anthony Wedlake have met potential Cardiff City Football Club investor Dato` Chan Tien Ghee (TG).

The meeting areas covered were potential future investment in the club, potential future strategies and TG`s affinity and commitment to Cardiff City Football Club.

A summary of key points discussed during the meeting were:

Investment

Any investment is NOT conditional on CCFC reaching the Premiership this season.
The final pieces of the 'jigsaw` are still to be finalised. Discussions are progressing with all key stakeholders (by stakeholders, we believe, that they would include PMG, key directors and other important creditors).

It should be seen as extremely positive that prominent directors have put their own money into the club to cover immediate expenses (e.g. the players` wages) that have fallen due. The payments were unlikely to have been made without progress being made as part of the wider efforts to increase investment.

Future Financial Strategy

TG believes that there are major costs that the club has incurred in previous financial years that need not be repeated in future financial years.

He also believes that the club is not fulfilling its current potential for additional revenue streams (e.g. conferencing).

Having a major Malaysian investor in the club opens up key parts of the football mad Far East to revenue generating opportunities that are currently only available to the top English Premiership clubs - that`s not to say we`d raise the same amount of revenue as these clubs, but we`d be able to leverage the potential.

'TG` the City Fan

He is definitely a businessman first and a football fan second. If the deal is not there, he won`t make emotional decisions that are contrary to any positive business case. He also has corporate governance in place within his own organisation that will challenge any deal that doesn`t stack up.
However, he is definitely a fan. Sunday`s game between Cardiff City and Swansea City reinforced his commitment. Given the relatively short period of time he has been involved with the club, he is remarkably well informed.

TG revealed there were issues about the way the deal was being handled before Christmas but decided not to walk away because of his affinity to the club and the potential to make a deal.

He is not the type of potential investor we`ve seen previously who is keen to hog the limelight. If he has something to say, he`ll say it, if not he`ll say nothing - a good example is from the game against Swansea. He was asked by the press to comment on the win, he refused on the basis that it was Dave Jones` day and the team`s day and not his. He was genuinely pleased that he could find no reference to him in any of the many Sunday papers in front of him that reported on the Swansea game. Another example is that until the Trust issued a press release, there were significant elements of the South Wales press that did not know he was returning to South Wales at Easter.
Conclusion

It is clear that a deal to secure the financial future of the club is not yet in place. We believe, having met the man and entered into several e-mail exchanges, that TG has the will and financial acumen to help take the club forward. We believe him to be credible. We have agreed to stay close over the coming weeks. Tim Hartley has made clear the support of the Trust as a 'critical friend` in the weeks ahead. The Trust will not, however, give unquestioning support.

Tim Hartley, Chairman of Cardiff City Supporters` Trust, said:


"We were delighted that TG took time out of his very busy schedule to talk to the Trust.

"He appreciated that the Trust was a democratically elected set up to speak on behalf of the fans while it gave the Trust an insight into TG and his interest in Cardiff City. It is clear that a deal to secure the financial future of the club is not yet in place although we remain very hopeful that agreement can be reached."

"We did agree to remain in contact with TG over the coming crucial weeks in the future of Cardiff City."


Please click here for a direct link to the CCST statement.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The Journalist

Writer: Bluebirdshroom Mail feedback, articles or suggestions

Date:Wednesday April 7 2010

Time: 1:45PM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Cardiff City Articles

Vital Report: Cardiff 2 Brentford 3 (Monday December 22 2014)

Lack Of Consistency Frustrates Slade (Sunday December 21 2014)

Stats: Cardiff v Brentford (Saturday December 20 2014)

Cardiff v Brentford: Team Line-Ups (Saturday December 20 2014)

Young - We Need To Stay In Touch (Friday December 19 2014)

Healey's Colchester Loan Extended (Friday December 19 2014)

Eikrem's Contract Terminated (Friday December 19 2014)

Vital Preview: Cardiff v Brentford (Friday December 19 2014)

Cardiff v Brentford - How Will It Go? (Friday December 19 2014)

Choo - We Will Prioritise Our Blue Kit (Thursday December 18 2014)

Archived Cardiff City Articles

List All Vital Cardiff Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

League Results (view all)

Latest Results
Cardiff 2 - 3 Brentford
Bournemouth 5 - 3 Cardiff
Cardiff 0 - 0 Rotherham
Watford 0 - 1 Cardiff
Cardiff 2 - 1 Reading
Birmingham 0 - 0 Cardiff

League Table (view table)

Team P W D L GD Pts
8. Blackburn 22 9 7 6 3 34
9. Forest 22 7 10 5 5 31
10. Wolves 22 8 7 7 -7 31
11. Cardiff 22 8 6 8 -1 30
12. Charlton 22 6 12 4 -1 30
13. Fulham 22 8 4 10 -4 28
14. Sheff Wed 22 6 10 6 -5 28

Breaking League News

RUFC - View From The Opposition - Wigan
Rotherham : 22/12/2014 08:56:00
Elphick: Fans make the football club tick
Bournemouth : 22/12/2014 08:38:00
Ritchie: Team is flourishing
Bournemouth : 22/12/2014 08:31:00
Bowyer: The Players Were Excellent
Blackburn : 22/12/2014 08:23:00
O'Sullivan Returns To Rovers
Blackburn : 22/12/2014 08:22:00

Current Site Poll (view all polls)

Brentford MotM
Suggested By:  Whitts
Marshall 0%
Brayford 0%
Ecuele Manga 0%
Turner 0%
Fabio 0%
Harris 0%
Gunnarsson 0%
Whittingham 0%
Noone 0%
Le Fondre 0%
Macheda 0%
Sub - Jones 0%
Sub - John 0%