Mon Feb 01, 2016 10:06 pm
Nott said getting that confirmation from Hammam was the vital element in brokering the agreement, but he refused to speculate on why the 68-year-old was so guarded about who Langston really were and what his involvement was.
“Beyond all the complex legal argument, what really provoked this was the long-running issue of just who Langston were and why was it being kept a secret?” added Chris.
“Who was behind a Panama-based company, with nominal directors and a base in Switzerland? The key to moving things on was finally getting Mr Hammam to admit in litigation that he was in fact Langston. That was the major factor from the club’s perspective anyway.
carlccfc wrote:If the club were to prove that he is Langston then I would imagine they would not be agreeing to pay £5m in a lump sum.
“It is bad governance not knowing who is the owner of a debt we are trying to honour.
“Right at the moment I want to know who it is.”
"Court proceedings have been issued against Vincent Tan to pay an amount of £5.75 million plus interest," said Hammam in a statement.
Mon Feb 01, 2016 10:08 pm
Leytonstoneblue wrote:Daya wrote:Leytonstoneblue wrote:Daya wrote:wez1927 wrote:no I thought it came out in court with Sam admitted it to get the pay offDaya wrote:wez1927 wrote:carlccfc wrote:wez1927 wrote:it was said in court apparentlyDaya wrote:Read through most the postings but can't see where Hammam makes a confession ?
Can someone point me in the direction so I can catch up with the latest episode of the soap opera !!
No it wasn't.
How has it come out then ?
You can't see it either then Wez ?
Couldn't have as settled out of court from my readings also if the contract of repayment was tight it wouldn't have mattered anyway who Langston were, the club had already paid them millions too, so the Dalman comment about " good governance is total bollocks "
If you owe an off shore company money and you have a signed contract of repayment it does not matter a dimly squat who owns the Company.
My own point of view, was, what does it matter now, if SH is proved to be Langston?? So what's your take on it Daya? Why were the payments stopped in the first place and why have they now now agreed to pay in full? Even if Sam admitted he is Langston?
Ron Noades died December 2013, hence why the club tried in on there after.
They have agreed to pay now as they wouldn't have a leg to stand on in court.
So are you saying that Ron Noades was part of Langston and that Tan was happy to pay him, as he nothing to do with running up the debt in the first place, but as soon as he departed this mortal coil, Tan was not so happy to carry on paying SH?
Mon Feb 01, 2016 10:20 pm
CardiffDom wrote:Nott said getting that confirmation from Hammam was the vital element in brokering the agreement, but he refused to speculate on why the 68-year-old was so guarded about who Langston really were and what his involvement was.
“Beyond all the complex legal argument, what really provoked this was the long-running issue of just who Langston were and why was it being kept a secret?” added Chris.
“Who was behind a Panama-based company, with nominal directors and a base in Switzerland? The key to moving things on was finally getting Mr Hammam to admit in litigation that he was in fact Langston. That was the major factor from the club’s perspective anyway.
Those are the words of Chris Nott, a senior partner at Cardiff City’s law firm, Capital Law. I don't see any reason why he would lie on the clubs behalf.carlccfc wrote:If the club were to prove that he is Langston then I would imagine they would not be agreeing to pay £5m in a lump sum.
Why not? To quote Mehmet Dalman:“It is bad governance not knowing who is the owner of a debt we are trying to honour.
“Right at the moment I want to know who it is.”
http://www.walesonline.co.uk/sport/foot ... ay-8574340
The club intended to pay the debt once they knew who was behind Langston. Now that Hammam has admitted he is behind Langston the club have agreed to pay the debt within 30 days.
Additionally, the club could actually show a profit on this settlement as, according to Sam's statement, the agreement they signed a few years ago stated he was due £5.75m:"Court proceedings have been issued against Vincent Tan to pay an amount of £5.75 million plus interest," said Hammam in a statement.
http://www.bbc.co.uk/sport/football/31040542
If the club has recognised a creditor of £5.75m+ in the 14/15 accounts, yet ended up only paying a 5m lump sum, there would be a 750k profit going through the P&L in 15/16 (as the contingent 2m would not be recognised).
Mon Feb 01, 2016 10:22 pm
Daya wrote:CardiffDom wrote:Nott said getting that confirmation from Hammam was the vital element in brokering the agreement, but he refused to speculate on why the 68-year-old was so guarded about who Langston really were and what his involvement was.
“Beyond all the complex legal argument, what really provoked this was the long-running issue of just who Langston were and why was it being kept a secret?” added Chris.
“Who was behind a Panama-based company, with nominal directors and a base in Switzerland? The key to moving things on was finally getting Mr Hammam to admit in litigation that he was in fact Langston. That was the major factor from the club’s perspective anyway.
Those are the words of Chris Nott, a senior partner at Cardiff City’s law firm, Capital Law. I don't see any reason why he would lie on the clubs behalf.carlccfc wrote:If the club were to prove that he is Langston then I would imagine they would not be agreeing to pay £5m in a lump sum.
Why not? To quote Mehmet Dalman:“It is bad governance not knowing who is the owner of a debt we are trying to honour.
“Right at the moment I want to know who it is.”
http://www.walesonline.co.uk/sport/foot ... ay-8574340
The club intended to pay the debt once they knew who was behind Langston. Now that Hammam has admitted he is behind Langston the club have agreed to pay the debt within 30 days.
Additionally, the club could actually show a profit on this settlement as, according to Sam's statement, the agreement they signed a few years ago stated he was due £5.75m:"Court proceedings have been issued against Vincent Tan to pay an amount of £5.75 million plus interest," said Hammam in a statement.
http://www.bbc.co.uk/sport/football/31040542
If the club has recognised a creditor of £5.75m+ in the 14/15 accounts, yet ended up only paying a 5m lump sum, there would be a 750k profit going through the P&L in 15/16 (as the contingent 2m would not be recognised).
A. A solicitor only speaks for one party, your Mr Nott has not provided any evidence to back up his claim.
What your Mr Nott doesn't either explain is why had the same club already paid a huge amount up until 2013 when they didn't know who was behind Langston and then decided to stop paying in 2013.
B. As for Dalman comments they are " waffle " - firstly he talks of good governance, albeit he majority of the debt has already been paid by 2013 leaving only a shortfall of 5 million. He claims they were trying to honour the debt, but that's bullshit because they simply stopped paying on an agreement that was nearly fulfilled.
Finally Mr Nott talks of litigation, surely that litigation would have been in confidence in an amicable out of court settlement?
Mon Feb 01, 2016 10:28 pm
Mon Feb 01, 2016 10:31 pm
davids wrote:Sam has sent out the "big guns" tonight to try to persuade us yet again that he's the good guy in all this.
Pathetic really.
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Mon Feb 01, 2016 10:55 pm
davids wrote:Sam has sent out the "big guns" tonight to try to persuade us yet again that he's the good guy in all this.
Pathetic really.
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Mon Feb 01, 2016 10:58 pm
wez1927 wrote:davids wrote:Sam has sent out the "big guns" tonight to try to persuade us yet again that he's the good guy in all this.
Pathetic really.
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It looks like he loves to lie to people
Mon Feb 01, 2016 11:00 pm
it's not dalman the solicitor I just don't think they would make this upDaya wrote:wez1927 wrote:davids wrote:Sam has sent out the "big guns" tonight to try to persuade us yet again that he's the good guy in all this.
Pathetic really.
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It looks like he loves to lie to people
Wez the clear fact remains there's no evidence that Hammam confessed at all. Until I see some I will remain on the belief Dalman is as always talking shit ( he's a slime ball ) and feeding Tucker in an attempt to control the press.
Mon Feb 01, 2016 11:00 pm
Mon Feb 01, 2016 11:02 pm
wez1927 wrote:Daya wrote:CardiffDom wrote:Nott said getting that confirmation from Hammam was the vital element in brokering the agreement, but he refused to speculate on why the 68-year-old was so guarded about who Langston really were and what his involvement was.
“Beyond all the complex legal argument, what really provoked this was the long-running issue of just who Langston were and why was it being kept a secret?” added Chris.
“Who was behind a Panama-based company, with nominal directors and a base in Switzerland? The key to moving things on was finally getting Mr Hammam to admit in litigation that he was in fact Langston. That was the major factor from the club’s perspective anyway.
Those are the words of Chris Nott, a senior partner at Cardiff City’s law firm, Capital Law. I don't see any reason why he would lie on the clubs behalf.carlccfc wrote:If the club were to prove that he is Langston then I would imagine they would not be agreeing to pay £5m in a lump sum.
Why not? To quote Mehmet Dalman:“It is bad governance not knowing who is the owner of a debt we are trying to honour.
“Right at the moment I want to know who it is.”
http://www.walesonline.co.uk/sport/foot ... ay-8574340
The club intended to pay the debt once they knew who was behind Langston. Now that Hammam has admitted he is behind Langston the club have agreed to pay the debt within 30 days.
Additionally, the club could actually show a profit on this settlement as, according to Sam's statement, the agreement they signed a few years ago stated he was due £5.75m:"Court proceedings have been issued against Vincent Tan to pay an amount of £5.75 million plus interest," said Hammam in a statement.
http://www.bbc.co.uk/sport/football/31040542
If the club has recognised a creditor of £5.75m+ in the 14/15 accounts, yet ended up only paying a 5m lump sum, there would be a 750k profit going through the P&L in 15/16 (as the contingent 2m would not be recognised).
A. A solicitor only speaks for one party, your Mr Nott has not provided any evidence to back up his claim.
What your Mr Nott doesn't either explain is why had the same club already paid a huge amount up until 2013 when they didn't know who was behind Langston and then decided to stop paying in 2013.
B. As for Dalman comments they are " waffle " - firstly he talks of good governance, albeit he majority of the debt has already been paid by 2013 leaving only a shortfall of 5 million. He claims they were trying to honour the debt, but that's bullshit because they simply stopped paying on an agreement that was nearly fulfilled.
Finally Mr Nott talks of litigation, surely that litigation would have been in confidence in an amicable out of court settlement?
I'm sure if it isn't true then Sam would be suing them
Mon Feb 01, 2016 11:10 pm
Mon Feb 01, 2016 11:11 pm
Mon Feb 01, 2016 11:13 pm
read this new one http://www.walesonline.co.uk/sport/foot ... y-10821125Bluebird1977 wrote:Seems to me Tucker has been told spin from within to sway people's opinions. I don't see anywhere where it states he is Langston either
Mon Feb 01, 2016 11:13 pm
Mon Feb 01, 2016 11:13 pm
Bluebird1977 wrote:Seems to me Tucker has been told spin from within to sway people's opinions. I don't see anywhere where it states he is Langston either
Mon Feb 01, 2016 11:14 pm
cityone wrote:Bluebird1977 wrote:Seems to me Tucker has been told spin from within to sway people's opinions. I don't see anywhere where it states he is Langston either
The solicitor representing cardiff city has stated that hammam has admitted it, is that not enough proof???
Mon Feb 01, 2016 11:14 pm
paulh_85 wrote:Theres no way the f*cking lawyer would come out with an outright lie like this ffs!!!
Mon Feb 01, 2016 11:18 pm
cityone wrote:Daya wrote:Read through most the postings but can't see where Hammam makes a confession ?
Can someone point me in the direction so I can catch up with the latest episode of the soap opera !!
Here you go steve![]()
The inside story of how the Cardiff City v Langston dispute was finally settled after late night dealing and Sam Hammam's revelation
1ST FEB 2016
BY STEVE TUCKER
The Bluebirds are finally free of their oldest and biggest creditor after an out of court agreement was reached between the club and Langston
It took some late nights and just a few slices of pizza to bring one of the longest running debt sagas in football to an end and finally get Sam Hammam to admit he IS Langston.
The Bluebirds are finally free of their oldest and biggest creditor after an out of court agreement was reached between the club and the mysterious corporation.
Cardiff will now pay Langston, or former owner Hammam as we now know, a figure believed to be around £5m within the next 30 days. Another payment believed to be just under £2m will also be due if, or when, the Welsh club is promoted to the Premier League.
It brings to an end an incredible tale of confusion, acrimony and worry that began way back in 2003 when Lebanese businessman Hammam, then owner of the club, took out £24m in loan notes from a group called Langston.
A series of re-workings and restructurings of the debt followed, especially after Hammam was pushed from power at the club. Four years ago, the two parties reached agreement on a £22m settlement, to be paid in the form of £15m up front, followed by £7m in £250,000 quarterly instalments over seven years.
The Bluebirds had been honouring that but suspended payments with £5.7m left outstanding, citing the fact they were concerned they did not actually know who was behind Langston. Just who were they paying millions of pounds to?
That final stumbling block has been lifted and the man behind that shift has told WalesOnline of the protracted and tense negotiations needed to finally bring an end to ‘Langston-gate.’
Chris Nott, senior partner at Cardiff City’s law firm, Capital Law, has revealed how he and his colleagues had to burn the midnight oil to get the deal done. Nott {\rtf1\ansi\ansicpg1252
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} admits to an interest in proceedings that weren’t entirely professional as he is himself a Bluebirds supporter.
The final deal was concluded at 2am on Monday morning and was agreed by the massive legal teams that had become involved in the case on both sides of four barristers and five solicitors. The agreement was ratified by the High Court at 3pm on Monday.
An exhausted Nott told us it had been hard work, but that the settlement was great news for the club and its supporters.
“It it is very good news. It is certainly very good news for Cardiff City and its supporters that we have managed to finally to get an agreement on this in such a professional manner,” said Nott.
“I’m not able to go into financial details, but the mechanism is that Cardiff City will now pay Langston a one-off payment within 30 days and then another payment is due if the club are promoted to the Premier League.
“Original negotiations began last week and lasted right through the weekend. It was finally agreed at 2am on Monday. One of the issues was the dispute had been going on so long, there were so many lawyers attached to it on both sides and we all had to be satisfied with the final deal.
“One thing they say about lawyers is that we can never really get anything finished unless pizza has been ordered in. Sure, it was a long weekend, and the first thing I want to do is get to bed now. But it is a great day for Cardiff City and a good deal for the club. After so long it is satisfying to be able to say that the Cardiff and Langston saga is finally over.”
Cardiff City owner Vincent Tan and, in particular, chairman Mehmet Dalman, who also played a key part in negotiating an end to the dispute, had maintained all along they would not continue making payments to Langston when they did not know officially who was behind the group.
Amidst internal fears of administration at a club that is already under a transfer embargo, the Bluebirds hierarchy stuck to its guns. Dalman recently stated: “It is bad governance not knowing who is the owner of a debt we are trying to honour. Right now I want to know who Langston is.”
It might well have been the worst kept secret in football, but Cardiff City have finally got their answer, with Hammam admitting he is behind the group that issued the original loan notes all those years ago.
Sam Hammam during his time in charge at Cardiff CitySam Hammam during his time in charge at Cardiff City
Nott said getting that confirmation from Hammam was the vital element in brokering the agreement, but he refused to speculate on why the 68-year-old was so guarded about who Langston really were and what his involvement was.
“Beyond all the complex legal argument, what really provoked this was the long-running issue of just who Langston were and why was it being kept a secret?” added Chris.
“Who was behind a Panama-based company, with nominal directors and a base in Switzerland? The key to moving things on was finally getting Mr Hammam to admit in litigation that he was in fact Langston. That was the major factor from the club’s perspective anyway.
“If someone wants to keep something so spectacularly secret then there has to be reasons behind why they would do that and Mr Hammam must have his reasons, but it is not for me to speculate on them.”
Mon Feb 01, 2016 11:20 pm
paulh_85 wrote:Theres no way the f*cking lawyer would come out with an outright lie like this ffs!!!
Mon Feb 01, 2016 11:20 pm
wez1927 wrote:paulh_85 wrote:Theres no way the f*cking lawyer would come out with an outright lie like this ffs!!!
Exactly sams few followers are delusional
Mon Feb 01, 2016 11:23 pm
Daya wrote:wez1927 wrote:paulh_85 wrote:Theres no way the f*cking lawyer would come out with an outright lie like this ffs!!!
Exactly sams few followers are delusional
Lawyers are trained to lie.
Mon Feb 01, 2016 11:23 pm
Daya wrote:davids wrote:Sam has sent out the "big guns" tonight to try to persuade us yet again that he's the good guy in all this.
Pathetic really.
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What a pathetic statement, if you weren't a newbie fan you would know that I'm not a Hammam man in the slightest and was actually the first one to fall out with him and fought like cat and dog as I expressed my opinion on his spendings.
Mon Feb 01, 2016 11:26 pm
Sven wrote:paulh_85 wrote:Theres no way the f*cking lawyer would come out with an outright lie like this ffs!!!
Paul, you are correct![]()
It would surely ruin his career, so IMHO he would not have said it if it wasn't true
Mon Feb 01, 2016 11:28 pm
Mon Feb 01, 2016 11:29 pm
davids wrote:Daya wrote:davids wrote:Sam has sent out the "big guns" tonight to try to persuade us yet again that he's the good guy in all this.
Pathetic really.
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What a pathetic statement, if you weren't a newbie fan you would know that I'm not a Hammam man in the slightest and was actually the first one to fall out with him and fought like cat and dog as I expressed my opinion on his spendings.
Having supported Cardiff City and only Cardiff City since 1970 I'm not really a newbie fan.![]()
It's just that I've not really paid any attention to whether or not you're a Hammam man over the years as your opinion and viewpoint is of no interest to me whatsoever.
Mon Feb 01, 2016 11:33 pm
Mon Feb 01, 2016 11:34 pm
Sven wrote:Steve (Daya)
Chris Nott (with some humour) admitted to being slightly unprofessional in as much as he is an admitted Cardiff City FC supporter and had a personal interest in seeing things through!
Do you really think that when not came to the professional/legal nitty gritty he wouldn't have done his job professionally?
I have no big issue with you, you know that, but I'm not sure what you are up to tonight?
Sam took Tan to Court, both sides met and thrashed an 'out of Court' agreement that likely had confidentiality clauses within it and a deal was struck with the club agreeing to pay all the money back in two phases (if you include the Premier League clause) and Sam admitting he was (shock, horror!) the man behind the mysterious Langston
That's it, fella! The case appears closed and I am sure some of the finer detail will never be revealed as both sides begin to move on and the followers of Cardiff City FC must be allowed to do the same too!![]()
Mon Feb 01, 2016 11:36 pm
Sven wrote:Steve (Daya)
Chris Nott (with some humour) admitted to being slightly unprofessional in as much as he is an admitted Cardiff City FC supporter and had a personal interest in seeing things through!
Do you really think that when not came to the professional/legal nitty gritty he wouldn't have done his job professionally?
I have no big issue with you, you know that, but I'm not sure what you are up to tonight?
Sam took Tan to Court, both sides met and thrashed an 'out of Court' agreement that likely had confidentiality clauses within it and a deal was struck with the club agreeing to pay all the money back in two phases (if you include the Premier League clause) and Sam admitting he was (shock, horror!) the man behind the mysterious Langston
That's it, fella! The case appears closed and I am sure some of the finer detail will never be revealed as both sides begin to move on and the followers of Cardiff City FC must be allowed to do the same too!![]()
Mon Feb 01, 2016 11:38 pm
wez1927 wrote:Sven wrote:Steve (Daya)
Chris Nott (with some humour) admitted to being slightly unprofessional in as much as he is an admitted Cardiff City FC supporter and had a personal interest in seeing things through!
Do you really think that when not came to the professional/legal nitty gritty he wouldn't have done his job professionally?
I have no big issue with you, you know that, but I'm not sure what you are up to tonight?
Sam took Tan to Court, both sides met and thrashed an 'out of Court' agreement that likely had confidentiality clauses within it and a deal was struck with the club agreeing to pay all the money back in two phases (if you include the Premier League clause) and Sam admitting he was (shock, horror!) the man behind the mysterious Langston
That's it, fella! The case appears closed and I am sure some of the finer detail will never be revealed as both sides begin to move on and the followers of Cardiff City FC must be allowed to do the same too!![]()
I think it went like this Sam "I want my money " club "only if you say who Langston are " Sam " OK its bloody me I'm sick of being mugged off " club " you can have 5 million and 2 million if we ever go up " Sam " no problem I hated you sheep shaggers any way I'm off to ruin another club abroad