' VINCENT TAN IS GUARANTOR AND PERSONALLY RESPONSIBLE '

' Vincent Tan is guarantor and personally responsible '

When the settlement was reached between Cardiff City Football Club and Langston on the long standing loan notes, Vincent Tan stood as guarantor of the debt in the event that Cardiff City Football Club could not fulfill its commitment to pay the debt or keep up with the scheduled repayments.

This is the reason that the writ, brought to the court by Lansgton, names Vincent Tan as ultimately responsible for the debt.

Even if Cardiff City FC no longer existed, whether it was wound up because of another debt (hope that is never the case) and not even because of Langston, the debt to Langston would still be pursued by them and they would chase Vincent Tan for the money owed as he is the guarantor and signed up to that.

The full unedited statement released to the press in April of 2015 explains that quite clearly :

Court proceedings have been issued against Vincent Tan to pay an amount of 5.75 million pounds plus interest. This amount is due to be paid by the Club and Mr. Tan legally and personally guaranteed payment in the event of non-payment by the Club. This amount is the balance due under the Settlement Agreement with Langston as unfortunately Mr. Tan and the Club are now in default with the legally agreed payments.

Legally the demand is from both the Club and Mr. Tan but it is for Mr. Tan to honour the guarantee he has given or to use his resources to allow the Club to pay its debts. It is to be hoped that Mr. Tan recognises and executes his legal responsibilities and in so doing, avoids the Club itself being dragged into the legal proceedings.


Another point I would like to make is that Langston are seeking a summary judgement from the High Court, Langston are not looking to put the club into administration.

As we have seen on previous occasions with other creditors that the club has defaulted with on its payments with, a number of those creditors went for a winding up petition or order to force the club into payment or wind up the company, ie. HMRC had a winding up order against the club and Shine Foods Catering had a winding up petition for non payment, had the club not settled the debts then the club would have likely been wound up.

It is my opinion, despite scaremongering from the club through the media, that administration is not an angle nor is it even likely to happen, Langston is not looking for the club to go into administration but rather seeking a judge to rule to the club that payment is required and the debt should be paid.

Vincent Tan signed up as guarantor and personally accepted responsibility and because of the non payment, Langston are seeking £5.75m plus interest on the payments they would have received in the meantime of the non payments and also default penalties have been added, the total amount is approximately £6.8m.

This still doesn't alter the fact that tan/club want to know if Sam is Langston for some reason

Marshall and Mason gone this week Carl in my opinion and then the bill is sorted with no hassle or expense for VT. Wonder how he will try to promote season ticket sales next season.

This still doesn't alter the fact that tan/club want to know if Sam is Langston for some reason

Wez,

Whether or not they want to know who is behind Langston is immaterial, Vincent Tan signed up to a legally binding agreement and stood as guarantor on the debt.

They really should have sought those answers before signing any agreement if they wanted to know.

I have got to the point when i don't give a rats arse what happens.

But Sammy's little cheerleaders are getting embarrassing.

The quicker Vinny leaves the better, so if saving Sams 6 million is six million little steps closer to Tans exit, then go Vinny.

This still doesn't alter the fact that tan/club want to know if Sam is Langston for some reason

Wez,

Whether or not they want to know who is behind Langston is immaterial, Vincent Tan signed up to a legally binding agreement and stood as guarantor on the debt.

They really should have sought those answers before signing any agreement if they wanted to know.

I agree but why do they want to know and why just stop paying very weird

Marshall and Mason gone this week Carl in my opinion and then the bill is sorted with no hassle or expense for VT. Wonder how he will try to promote season ticket sales next season.

My opinion is that Tan will be told that the debt is to be paid, it is then paid and there will be a media assault on Sam Hammam in the coming weeks and months blaming him and the debt as the reason we have had to sell players.

I have got to the point when i don't give a rats arse what happens.

But Sammy's little cheerleaders are getting embarrassing.

The quicker Vinny leaves the better, so if saving Sams 6 million is six million little steps closer to Tans exit, then go Vinny.

They are facts, simple.

Cheers Carl, good to know this info

Hopefully people won't carry on with administration scaremongering now

This still doesn't alter the fact that tan/club want to know if Sam is Langston for some reason

No not our club Wez, Your mate Tan wants to know,but has wasted £millions upon £millions.

Tans circus continues.

Tan is responsible at the end of the day and took full responsibility for it and once again playing games.

Would not pay the Riddler,ended up paying him.

Would not pay Dave Jones,ended up paying him.

Would not pay Ole,ended up paying him.

Would not pay Langston has already now paid 75% and now ending up with massive penalties.

Had 6 CEO'S to run our club and now finally clearing the mess up he created in the last 5 years.

And in that time, made us a laughing stock,degraded us,stripped us of our identity,divided our fan base,took our soul/passion away and now we are left with a deserted ground and souless stadium.

And still with a massive Debt,thanks to his circus.


Thousands feel this way and they really are broken/hurt.


I do not intend debating this as its Sadly All Facts.

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We have been selling players because of Sam for years so no change there.

We have been selling players because of Sam for years so no change there.

Thankfully because of Sam we had players to sell.

I have got to the point when i don't give a rats arse what happens.

But Sammy's little cheerleaders are getting embarrassing.

The quicker Vinny leaves the better, so if saving Sams 6 million is six million little steps closer to Tans exit, then go Vinny.

They are facts, simple.

I don't care.

For a small group this is Sam Vs Tan and its all about taking sides, but for 95% its about the football, the footballers and tactics.

If possible I want both to lose......

We have been selling players because of Sam for years so no change there.

Thankfully because of Sam we had players to sell.[/quote

Shouldn't that be thanks langstone for the players to sell because it wasn't SAMs money that was spent.

This still doesn't alter the fact that tan/club want to know if Sam is Langston for some reason

No not our club Wez, Your mate Tan wants to know,but has wasted £millions upon £millions.

Tans circus continues.

Tan is responsible at the end of the day and took full responsibility for it and once again playing games.

Would not pay the Riddler,ended up paying him.

Would not pay Dave Jones,ended up paying him.

Would not pay Ole,ended up paying him.

Would not pay Langston has already now paid 75% and now ending up with massive penalties.

Had 6 CEO'S to run our club and now finally clearing the mess up he created in the last 5 years.

And in that time, made us a laughing stock,degraded us,stripped us of our identity,divided our fan base,took our soul/passion away and now we are left with a deserted ground and souls stadium.

And still with a massive Debt,thanks to his circus.


Thousands feel this way and they really are broken/hurt.


I do not intend debating this as its Sadly All Facts.

You do know tan has written off nearly as much as the Langston debt Annis ? He could write off the debt at anytime it's owed to him and he owns the club ,when he does it what will you have to moan about then ?

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Sam and Tan, Tan and bloody Sam. We have been run by crooks for years. I dream of the day when we, the fans , own at least 51% and we'll only have ourselves to blame.

' Vincent Tan is guarantor and personally responsible '

When the settlement was reached between Cardiff City Football Club and Langston on the long standing loan notes, Vincent Tan stood as guarantor of the debt in the event that Cardiff City Football Club could not fulfill its commitment to pay the debt or keep up with the scheduled repayments.

This is the reason that the writ, brought to the court by Lansgton, names Vincent Tan as ultimately responsible for the debt.

Even if Cardiff City FC no longer existed, whether it was wound up because of another debt (hope that is never the case) and not even because of Langston, the debt to Langston would still be pursued by them and they would chase Vincent Tan for the money owed as he is the guarantor and signed up to that.

The full unedited statement released to the press in April of 2015 explains that quite clearly :

Court proceedings have been issued against Vincent Tan to pay an amount of 5.75 million pounds plus interest. This amount is due to be paid by the Club and Mr. Tan legally and personally guaranteed payment in the event of non-payment by the Club. This amount is the balance due under the Settlement Agreement with Langston as unfortunately Mr. Tan and the Club are now in default with the legally agreed payments.

Legally the demand is from both the Club and Mr. Tan but it is for Mr. Tan to honour the guarantee he has given or to use his resources to allow the Club to pay its debts. It is to be hoped that Mr. Tan recognises and executes his legal responsibilities and in so doing, avoids the Club itself being dragged into the legal proceedings.


Another point I would like to make is that Langston are seeking a summary judgement from the High Court, Langston are not looking to put the club into administration.

As we have seen on previous occasions with other creditors that the club has defaulted with on its payments with, a number of those creditors went for a winding up petition or order to force the club into payment or wind up the company, ie. HMRC had a winding up order against the club and Shine Foods Catering had a winding up petition for non payment, had the club not settled the debts then the club would have likely been wound up.

It is my opinion, despite scaremongering from the club through the media, that administration is not an angle nor is it even likely to happen, Langston is not looking for the club to go into administration but rather seeking a judge to rule to the club that payment is required and the debt should be paid.

Vincent Tan signed up as guarantor and personally accepted responsibility and because of the non payment, Langston are seeking £5.75m plus interest on the payments they would have received in the meantime of the non payments and also default penalties have been added, the total amount is approximately £6.8m.

Who's press release was this Carl ?

And why does it say 'legally the claim is from Mr Tan and the club '. Makes it sound like Tan/ club is making the demand.
That's not very well put.

If selling players like Mason, Revell and shipping Jones out pays the Langston debt once and for all then do it. We had this noose around our neck for too long. The sooner it's paid the sooner we can move on as a club.

If selling players like Mason, Revell and shipping Jones out pays the Langston debt once and for all then do it. We had this noose around our neck for too long. The sooner it's paid the sooner we can move on as a club.

We will still owe the money, except it will be to tan instead of Hammam.

The summer after we got relegated tan was still blowing big money on players, then at some point between the beginning of the season and January last year, tan decided he couldn't be bothered with the club anymore, he stopped spending any money on players and reversed the disasterous rebrand. Around the same time, after having paid something in the region of £16m of the money owed to Hammam and with 'only' £5m or so left to pay, he suddenly decided to stop paying for no good reason.

It seems to be pretty clear from this that tan just wants shot of us so is cutting his losses and is keeping us afloat with the bare minimum of money.

The question has to be, what happens next?

This still doesn't alter the fact that tan/club want to know if Sam is Langston for some reason

Wez,

Whether or not they want to know who is behind Langston is immaterial, Vincent Tan signed up to a legally binding agreement and stood as guarantor on the debt.

They really should have sought those answers before signing any agreement if they wanted to know.

Very true you would think anyone would before paying someone they don't know

However what if Sam is actually Langston that would represent a serious conflict of interest on his part when he was in charge of the club and would throw a spanner in the works

This still doesn't alter the fact that tan/club want to know if Sam is Langston for some reason

Wez,

Whether or not they want to know who is behind Langston is immaterial, Vincent Tan signed up to a legally binding agreement and stood as guarantor on the debt.

They really should have sought those answers before signing any agreement if they wanted to know.

Very true you would think anyone would before paying someone they don't know

However what if Sam is actually Langston that would represent a serious conflict of interest on his part when he was in charge of the club and would throw a spanner in the works

Yes the conflict of interest will open a can of worms.

It has surprised me that Tan has not gone to court to enforce Sam to revealing who Langston is. If he thinks by forcing Sam to court which he is doing now will reveal Langston he is widely mistaken. That is of course he has some revealing information himself.

For years I have believed that no one man is bigger than the club (or any other club, to be honest). That's allowed me to move on when players leave or when managers change.

But now, I believe I was wrong. There are at least 2 men, VT and SH who really don't care about the club and are powerful enough to destroy it. Their posturing is a demonstration of their egotistical personalities.

I don't give a monkey's chuff who is behind Langston, but equally, I don't care what morals Tan is attempting to exercise here. Sooner it gets through the process of confirming the debt as due, the better.


Make no mistake, the club could still go through administration. Tan will decide. Nobody else.


That's why he needs to go.

If selling players like Mason, Revell and shipping Jones out pays the Langston debt once and for all then do it. We had this noose around our neck for too longdoesn't even lessr it's paid the sooner we can move on as a club.

We will still owe the money, except it will be to tan instead of Hammam.

The summer after we got relegated tan was still blowing big money on players, then at some point between the beginning of the season and January last year, tan decided he couldn't be bothered with the club anymore, he stopped spending any money on players and reversed the disasterous rebrand. Around the same time, after having paid something in the region of £16m of the money owed to Hammam and with 'only' £5m or so left to pay, he suddenly decided to stop paying for no good reason.

It seems to be pretty clear from this that tan just wants shot of us so is cutting his losses and is keeping us afloat with the bare minimum of money.

The question has to be, what happens next?

What happened between the start of the season and January last year is the club and Tan realised that we would soon breach ffp rules as we were not going to bounce back up. In the championship, it doesn't matter how wealthy your owner is, you still have to comply with the ffp rules. The teams that are spending big this year are taking a massive risk. If they don't get promoted, they will end up in the same position as us next year.
its not a lack of interest, it's a desire to make the club profitable.

The sooner we can move on the better. Sam came to the club as a saviour, bought loads of players at ridiculous prices, the fans loved it, he courted the fans, only to reveal that he in fact had not spent any of his own money, but a company Langston, who held our club to ransom, we were on the brink of admin, then came along Tan, the fans begged him to become involved, he took us to the Premier , but , being Cardiff a City, we messed it up, well,managers, ceo's and even us fans to agree as we spent too much time arguing over the colour of the shirt. . What we as fans can change now is the atmosphere, the unity, this is our club, don't let these 2 men who don't give a stuff about our club take away the one main identity that this club has had a reputation for- it's fans, always known to be loud, passionate (as well as moany).

Marshall and Mason gone this week Carl in my opinion and then the bill is sorted with no hassle or expense for VT. Wonder how he will try to promote season ticket sales next season.

My opinion is that Tan will be told that the debt is to be paid, it is then paid and there will be a media assault on Sam Hammam in the coming weeks and months blaming him and the debt as the reason we have had to sell players.

Carl I agree there is the use of dark arts about this and we saw last time in 2008 how quickly the fans can turn on Sam Hammam by using misinformation.

I also believe that the club believe (on the advice of directors who are still around and were there in 2008) that Sam would never take the matter to court because he was afraid of being outed as Langston when directly asked in court. This is because he would be in contempt of court if it were proven he was lying.

They (the club) are convinced he is Langston but have never produced a single shred of evidence to support this. If Sam denied being Langston in court then there is not a lot the club could do about it. Even if the Judge said on the balance of probabilities Sam was Langston that wouldn't be enough as it would have to be beyond reasonable doubt as contempt is a criminal offence not a civil one.

It's about time the boardroom got together and all chipped in to clear this debt. After all Borley and Isaacs have been around since that time and must accept some responsibility.

Tan won't pay a penny, hence why Mason and Marshall are on their way - it will all be paid shortly!

' Vincent Tan is guarantor and personally responsible '

When the settlement was reached between Cardiff City Football Club and Langston on the long standing loan notes, Vincent Tan stood as guarantor of the debt in the event that Cardiff City Football Club could not fulfill its commitment to pay the debt or keep up with the scheduled repayments.

This is the reason that the writ, brought to the court by Lansgton, names Vincent Tan as ultimately responsible for the debt.

Even if Cardiff City FC no longer existed, whether it was wound up because of another debt (hope that is never the case) and not even because of Langston, the debt to Langston would still be pursued by them and they would chase Vincent Tan for the money owed as he is the guarantor and signed up to that.

The full unedited statement released to the press in April of 2015 explains that quite clearly :

Court proceedings have been issued against Vincent Tan to pay an amount of 5.75 million pounds plus interest. This amount is due to be paid by the Club and Mr. Tan legally and personally guaranteed payment in the event of non-payment by the Club. This amount is the balance due under the Settlement Agreement with Langston as unfortunately Mr. Tan and the Club are now in default with the legally agreed payments.

Legally the demand is from both the Club and Mr. Tan but it is for Mr. Tan to honour the guarantee he has given or to use his resources to allow the Club to pay its debts. It is to be hoped that Mr. Tan recognises and executes his legal responsibilities and in so doing, avoids the Club itself being dragged into the legal proceedings.


Another point I would like to make is that Langston are seeking a summary judgement from the High Court, Langston are not looking to put the club into administration.

As we have seen on previous occasions with other creditors that the club has defaulted with on its payments with, a number of those creditors went for a winding up petition or order to force the club into payment or wind up the company, ie. HMRC had a winding up order against the club and Shine Foods Catering had a winding up petition for non payment, had the club not settled the debts then the club would have likely been wound up.

It is my opinion, despite scaremongering from the club through the media, that administration is not an angle nor is it even likely to happen, Langston is not looking for the club to go into administration but rather seeking a judge to rule to the club that payment is required and the debt should be paid.

Vincent Tan signed up as guarantor and personally accepted responsibility and because of the non payment, Langston are seeking £5.75m plus interest on the payments they would have received in the meantime of the non payments and also default penalties have been added, the total amount is approximately £6.8m.

Carl

Firstly , I should state that I firmly believe that the debt to Langston is fully payable and should be paid by the club.

What I can`t see is how Sam Hammam will enforce payment of the debt even if the court rules in his favour. All that does is prove that the money is due to Langston. I think Tan will still refuse to authorise payment and Sam will then be forced to take further legal action such as an application for an Administration Order or a winding up petition against the club if he wants to see any cash back. This puts him in a vulnerable position having said that he wouldn`t do this , even though he has no option other than proving his case in court then still not seeing any money.
A personal claim against Vincent Tan gets him nowhere either as again VT will not pay up under the guarantee. Sam would then have to go against him personally . Good luck to him with that against a Malaysian national in a Malaysian court run by people appointed by Tan`s mates in government there.

' Vincent Tan is guarantor and personally responsible '

When the settlement was reached between Cardiff City Football Club and Langston on the long standing loan notes, Vincent Tan stood as guarantor of the debt in the event that Cardiff City Football Club could not fulfill its commitment to pay the debt or keep up with the scheduled repayments.

This is the reason that the writ, brought to the court by Lansgton, names Vincent Tan as ultimately responsible for the debt.

Even if Cardiff City FC no longer existed, whether it was wound up because of another debt (hope that is never the case) and not even because of Langston, the debt to Langston would still be pursued by them and they would chase Vincent Tan for the money owed as he is the guarantor and signed up to that.

The full unedited statement released to the press in April of 2015 explains that quite clearly :

Court proceedings have been issued against Vincent Tan to pay an amount of 5.75 million pounds plus interest. This amount is due to be paid by the Club and Mr. Tan legally and personally guaranteed payment in the event of non-payment by the Club. This amount is the balance due under the Settlement Agreement with Langston as unfortunately Mr. Tan and the Club are now in default with the legally agreed payments.

Legally the demand is from both the Club and Mr. Tan but it is for Mr. Tan to honour the guarantee he has given or to use his resources to allow the Club to pay its debts. It is to be hoped that Mr. Tan recognises and executes his legal responsibilities and in so doing, avoids the Club itself being dragged into the legal proceedings.


Another point I would like to make is that Langston are seeking a summary judgement from the High Court, Langston are not looking to put the club into administration.

As we have seen on previous occasions with other creditors that the club has defaulted with on its payments with, a number of those creditors went for a winding up petition or order to force the club into payment or wind up the company, ie. HMRC had a winding up order against the club and Shine Foods Catering had a winding up petition for non payment, had the club not settled the debts then the club would have likely been wound up.

It is my opinion, despite scaremongering from the club through the media, that administration is not an angle nor is it even likely to happen, Langston is not looking for the club to go into administration but rather seeking a judge to rule to the club that payment is required and the debt should be paid.

Vincent Tan signed up as guarantor and personally accepted responsibility and because of the non payment, Langston are seeking £5.75m plus interest on the payments they would have received in the meantime of the non payments and also default penalties have been added, the total amount is approximately £6.8m.

Carl

Firstly , I should state that I firmly believe that the debt to Langston is fully payable and should be paid by the club.

What I can`t see is how Sam Hammam will enforce payment of the debt even if the court rules in his favour. All that does is prove that the money is due to Langston. I think Tan will still refuse to authorise payment and Sam will then be forced to take further legal action such as an application for an Administration Order or a winding up petition against the club if he wants to see any cash back. This puts him in a vulnerable position having said that he wouldn`t do this , even though he has no option other than proving his case in court then still not seeing any money.
A personal claim against Vincent Tan gets him nowhere either as again VT will not pay up under the guarantee. Sam would then have to go against him personally . Good luck to him with that against a Malaysian national in a Malaysian court run by people appointed by Tan`s mates in government there.

Perhaps thats all he wants to do-rub Hammans nose in it publicly.Often its been said,one rule for the rich.

As city fans we've been through a lot of turmoil for years and we just don't deserve it.
I would like a debt free club as promised but that just doesn't seem to be happening does it lots of people to blame including our current owner.
Will he ever meet his promise and pay the debt off is the question but the longer time goes on the less likely it seems.

As city fans we've been through a lot of turmoil for years and we just don't deserve it.
I would like a debt free club as promised but that just doesn't seem to be happening does it lots of people to blame including our current owner.
Will he ever meet his promise and pay the debt off is the question but the longer time goes on the less likely it seems.

But we do deserve it. I am talking now about the fans that have sought to piss Tan off. And they have clearly succeeded. But at what cost ?