Thu Jan 29, 2015 3:54 pm
Thu Jan 29, 2015 4:34 pm
Thu Jan 29, 2015 4:38 pm
wez1927 wrote:darran1927 wrote:
Cardiff chairman Mehmet Dalman demands more information about Swiss-based company, who threaten legal action in return
Thursday 29th Jan 2015
Cardiff City are set for another court conflict with former owner Sam Hammam, we can reveal.
A legal battle is looming over a £6million-plus figure still outstanding to creditors Langston.
Cardiff chairman Mehmet Dalman insists the club want to know exactly who Langston are before paying out any more money and have sent a letter demanding the information.
We understand Langston have retorted by saying a payment schedule is in place and Cardiff have until Friday to carry on with the agreement.
If the scheduled instalments are not forthcoming, Langston say they will embark upon a legal course again.
Langston debt
The unsavoury episode means the Bluebirds could be in direct confrontation with Hammam, who is the club’s president and a representative of Langston.
When the matter between the two parties originally went to the High Court in 2008, Mr Justice Briggs stated that, in effect, ‘Hamman was Langston’.
The Lebanese businessman was the Cardiff owner when £24m in loan notes were issued by Langston in 2004 and the debt was an issue for Vincent Tan when he took charge of the club.
Three years ago the two parties reached agreement on a £22m settlement, to be paid in the form of a £15m up front sum, followed by £7m in £250,000 quarterly instalments over seven years.
That payment schedule started last year, but more than £6m is still outstanding.
The club, through Dalman, have written to Langston to ask more about the company. Dalman also told the recent fans’ meeting, when the club agreed to revert back to blue, that Cardiff needed more information as to the exact make up of Langston.
The debt owed to the Swiss-based company has been hanging over the Bluebirds for many years, with even naming rights for Cardiff City Stadium were wrapped up in the negotiations.
something has changed or come to light for this to pop up again.Thought it was all paid off ?
Thu Jan 29, 2015 4:48 pm
Thu Jan 29, 2015 4:55 pm
RFMH wrote:
No wonder he was saying it was going to be an eventful year odd though it did seem to be common knowledge that this was finished with and now it's back.
Thu Jan 29, 2015 4:59 pm
Thu Jan 29, 2015 5:15 pm
Thu Jan 29, 2015 5:32 pm
Thu Jan 29, 2015 5:35 pm
Thu Jan 29, 2015 5:38 pm
davids wrote:And to think that there are still people who would genuinely welcome Sam Hammam being involved in the running of our club again.
Beggars belief!
Thu Jan 29, 2015 5:40 pm
only 6 million left no chance of administration ,but it just seems wired that the club have said this or is it just the echo or Sam hamman shit stirring2blue2handle wrote:I really wished this had gone away.
If I'm honest I wouldn't be happy paying money to an unknown source.
I think it's for the best Langston take us to court and it be done once and for all. If it means administration then so be it.
Thu Jan 29, 2015 6:04 pm
wez1927 wrote:only 6 million left no chance of administration ,but it just seems wired that the club have said this or is it just the echo or Sam hamman shit stirring2blue2handle wrote:I really wished this had gone away.
If I'm honest I wouldn't be happy paying money to an unknown source.
I think it's for the best Langston take us to court and it be done once and for all. If it means administration then so be it.
Thu Jan 29, 2015 6:09 pm
Thu Jan 29, 2015 6:20 pm
Thu Jan 29, 2015 6:22 pm
piledriver64 wrote:Interesting development We all know that Tan could pay this if he wanted to so for him to be willing to expend big legal costs to avoid paying seems to indicate what a lot of us have said all along "Langston is dodgy".
I'm no expert on company law but doesn't any Ltd company have to take reasonable steps to ensure that any payments they make are not illegal e.g. Money laundering, terror organisations, etc ? I'm not saying for a minute that Langston falls into any of those categories, merely that the club is taking reasonable steps.
Anyone with more expertise than me that can correct me ?
Thu Jan 29, 2015 6:22 pm
the echo article must be wrong than annis cause it Said we have been paying it and we are up to date but won't pay the one due this Friday tan hadn't been for a year but payments have been made thoForever Blue wrote:Wez, I posted a long time ago on here that Tan had suddenly for No reason stopped paying the monthly payment. But I thought it was only £3mill owed not £6mill still owed
Tan stopped paying the money about the time he stopped coming to the stadium to matches.
Thu Jan 29, 2015 6:35 pm
wez1927 wrote:the echo article must be wrong than annis cause it Said we have been paying it and we are up to date but won't pay the one due this Friday tan hadn't been for a year but payments have been made thoForever Blue wrote:Wez, I posted a long time ago on here that Tan had suddenly for No reason stopped paying the monthly payment. But I thought it was only £3mill owed not £6mill still owed
Tan stopped paying the money about the time he stopped coming to the stadium to matches.
Thu Jan 29, 2015 6:35 pm
Thu Jan 29, 2015 6:38 pm
Thu Jan 29, 2015 6:42 pm
Thu Jan 29, 2015 6:44 pm
mugsy wrote:Why do the club need more info on Langston now - doesn't make sense. Why would we have paid the majority of the debt off without having this knowledge - but now refusing to pay until we get the info. Seems to me that Tan is trying to renege on the debt. Yet another embarrassment for the club - it appears Tan wants to be in the news and is not bothered whether it is for the right or wrong reasons.
Thu Jan 29, 2015 6:46 pm
I said it must be wrong as a million pound paid off is a years worth of quarterly payments and your saying it hasn't been paid since tan stopled going so either your wrong or the echo areForever Blue wrote:wez1927 wrote:the echo article must be wrong than annis cause it Said we have been paying it and we are up to date but won't pay the one due this Friday tan hadn't been for a year but payments have been made thoForever Blue wrote:Wez, I posted a long time ago on here that Tan had suddenly for No reason stopped paying the monthly payment. But I thought it was only £3mill owed not £6mill still owed
Tan stopped paying the money about the time he stopped coming to the stadium to matches.
Wez,
Langston would not take Tan to court,just for missing one payment,just rem what uve said in the past Wez,never believe in the Echo
Tan, has paid the majority of it after years of not wanting to, this has all happened since Tan has stopped coming to Cardiff.
Thu Jan 29, 2015 6:48 pm
mugsy wrote:Why do the club need more info on Langston now - doesn't make sense. Why would we have paid the majority of the debt off without having this knowledge - but now refusing to pay until we get the info. Seems to me that Tan is trying to renege on the debt. Yet another embarrassment for the club - it appears Tan wants to be in the news and is not bothered whether it is for the right or wrong reasons.
Thu Jan 29, 2015 6:51 pm
wez1927 wrote:I said it must be wrong as a million pound paid off is a years worth of quarterly payments and your saying it hasn't been paid since tan stopled going so either your wrong or the echo areForever Blue wrote:wez1927 wrote:the echo article must be wrong than annis cause it Said we have been paying it and we are up to date but won't pay the one due this Friday tan hadn't been for a year but payments have been made thoForever Blue wrote:Wez, I posted a long time ago on here that Tan had suddenly for No reason stopped paying the monthly payment. But I thought it was only £3mill owed not £6mill still owed
Tan stopped paying the money about the time he stopped coming to the stadium to matches.
Wez,
Langston would not take Tan to court,just for missing one payment,just rem what uve said in the past Wez,never believe in the Echo
Tan, has paid the majority of it after years of not wanting to, this has all happened since Tan has stopped coming to Cardiff.
Thu Jan 29, 2015 6:52 pm
Thu Jan 29, 2015 6:53 pm
blueminati wrote:Annis, unblock my PM's. I cant message you you bugger.
Thu Jan 29, 2015 6:55 pm
Forever Blue wrote:wez1927 wrote:I said it must be wrong as a million pound paid off is a years worth of quarterly payments and your saying it hasn't been paid since tan stopled going so either your wrong or the echo areForever Blue wrote:wez1927 wrote:the echo article must be wrong than annis cause it Said we have been paying it and we are up to date but won't pay the one due this Friday tan hadn't been for a year but payments have been made thoForever Blue wrote:Wez, I posted a long time ago on here that Tan had suddenly for No reason stopped paying the monthly payment. But I thought it was only £3mill owed not £6mill still owed
Tan stopped paying the money about the time he stopped coming to the stadium to matches.
Wez,
Langston would not take Tan to court,just for missing one payment,just rem what uve said in the past Wez,never believe in the Echo
Tan, has paid the majority of it after years of not wanting to, this has all happened since Tan has stopped coming to Cardiff.
I actually dont know exactly what the amount owing is? as I said I thought it was only £3mill not £6mill?
Thu Jan 29, 2015 6:57 pm
wez1927 wrote:Forever Blue wrote:wez1927 wrote:I said it must be wrong as a million pound paid off is a years worth of quarterly payments and your saying it hasn't been paid since tan stopled going so either your wrong or the echo areForever Blue wrote:wez1927 wrote:the echo article must be wrong than annis cause it Said we have been paying it and we are up to date but won't pay the one due this Friday tan hadn't been for a year but payments have been made thoForever Blue wrote:Wez, I posted a long time ago on here that Tan had suddenly for No reason stopped paying the monthly payment. But I thought it was only £3mill owed not £6mill still owed
Tan stopped paying the money about the time he stopped coming to the stadium to matches.
Wez,
Langston would not take Tan to court,just for missing one payment,just rem what uve said in the past Wez,never believe in the Echo
Tan, has paid the majority of it after years of not wanting to, this has all happened since Tan has stopped coming to Cardiff.
I actually dont know exactly what the amount owing is? as I said I thought it was only £3mill not £6mill?
Seems really strange all this as the club paid the 15 million up front and over a million in installments unless the club are pissed off with Sam for some reason since the layouts
Thu Jan 29, 2015 7:04 pm
Forever Blue wrote:blueminati wrote:Annis, unblock my PM's. I cant message you you bugger.
I never knew they were locked, I will pm Carl/Owain now
Thu Jan 29, 2015 7:05 pm
blueminati wrote:Forever Blue wrote:blueminati wrote:Annis, unblock my PM's. I cant message you you bugger.
I never knew they were locked, I will pm Carl/Owain now
Nice one Annis.