It's A Good News Day

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Cleve van Leef
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PostCleve van Leef on Fri Feb 12, 2016 1:58 am

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.
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PostCyncoedslumdog on Fri Feb 12, 2016 5:00 am

Really good news although the praise heaped on Rusty Spade is a little worrying.
Has the ringleader of the dark side spoken up yet?
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PostCleve van Leef on Fri Feb 12, 2016 5:28 am

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
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PostArkay Dubya on Fri Feb 12, 2016 5:29 am

Where's the article on this?
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PostTyrion Tannister on Fri Feb 12, 2016 5:31 am

Very much appreciated, but way way WAY overdue.
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PostCleve van Leef on Fri Feb 12, 2016 5:38 am

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

WOL, BBC,SKY SPORTS, CCMB and most importantly "the dark side"
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PostCyncoedslumdog on Fri Feb 12, 2016 5:44 am

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PostTDA on Fri Feb 12, 2016 6:04 am

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
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PostTyrion Tannister on Fri Feb 12, 2016 6:55 am

This is what you call a steady ship, is it? coat
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PostTDA on Sat Feb 13, 2016 7:33 pm

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.
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