SURELY NOT

hes been away from this site for a while and posting on the other board but i guess we will have to listen to his shit again,no doubt he'll try get his face on the tv again soon enough,like when he was pleading and slagging fans off when tan was supposedly turning his back on us with his deal and there he was on live tv having a go a city fans who didnt want to get rid of blue ...shame on us !!!!!

Fans who were prepared to see the club fold you mean.

God fecking help us if this slimeball gets on the board again. Down the divisions we will go if he has his hands anywhere near the purse strings. Big mistake offering him a place on the board.

Why down the divisions, all he ever did at the clubs he run was climb them, never been relegated when he was in charge anywhere.

Yep he climbed them alright but at the same time saddled the club with huge debt and put us to the brink of administration three cheers to Sam for that eh? Was responsible for paying over inflated transfer fees and massively overpaid wages for average players. Oh no he wasn't satisfied with that he had to have another £500,000 for himself and £90,000 for his brother before he would bugger off but even then we had to be saddled with Peter Ridsdale who sent us even further down the road to ruin and we were perilously close to liquidation. Sorry but Sam Hammam coming back here would be a big mistake he's a disaster when it comes to "the reddies" - pardon the pun

Sam hammam is dirty little conman. All he cares about is himself. I hope he never comes back yes he started the ball rolling but he started it rolling towards the edge of a cliff.

He needs to let go an so does his team of little cronies. Move on everybody else has.

God fecking help us if this slimeball gets on the board again. Down the divisions we will go if he has his hands anywhere near the purse strings. Big mistake offering him a place on the board.

Why down the divisions, all he ever did at the clubs he run was climb them, never been relegated when he was in charge anywhere.

Yep he climbed them alright but at the same time saddled the club with huge debt

Abit like now then but only on a bigger scale, im sure people think tan is doing this for free to

"The Langston debt is days away from being resolved" has been said numerous times over the last few years.

So nobody was ever really ITK they were just fed misinformation from a source.

I honestly can't believe that we are looking at putting this guy on the board. We were bloody circus last time and it'll be even worse with him back again. I thought the club had learnt from past mistakes but it would seem not.

Circus, was that when he took us from the bottom of the lowest league playing in front of three thousand crowds, up to six points clear at the top of the championship in front of twenty thousand crowds, people must love a circus.

Yes it was. The fan meetings were a complete and utter joke and beyond cringeworthy, the constant shaddy deals with his brother, never dealing with our major hooligan problem and spending a ridiculous amount of money that we never had which he lumbered us with.

I didn't know Sam was our owner last year either.

f**k sam the slime ball, he got the ball rolling but also raped us at the same time, if the followers of the sam wants to believe the bullshit he sprouts then that's up to them

Why the need to for us to love Sam for? Just pay him and let him move on. Got no interest in him being at our club, and he should keep away let it be history

Look how excited those who were Sam's cronies are getting excited again, getting involved in the inner circle again...

He served us well, but also fucked us over at the same time. He's served his time & I hope he never sets foot in the club again!

Look how excited those who were Sam's cronies are getting excited again, getting involved in the inner circle again...

He served us well, but also fucked us over at the same time. He's served his time & I hope he never sets foot in the club again!

100% agree

Look how excited those who were Sam's cronies are getting excited again, getting involved in the inner circle again...

He served us well, but also fucked us over at the same time. He's served his time & I hope he never sets foot in the club again!

Tan will be deemed to f**k us over to one day when he leaves im sure, i agree chuckes i would have rather tan pay him off and carry on once he converted debt to equity but if this saves tan millions by giving him a role so be it, we move on atlast

Im glad its patently obvious that the overwhelming majority of Cardiff City supporters
dont want the crook anywhere near our Club again. Apart from the chosen few that are
frankly still starstruck by the man... its a big fat NO.

'Sams in london'

'well actually he's in Chessington with his grandchildren'

'i know him better than you do, na na na na'

Look how excited those who were Sam's cronies are getting excited again, getting involved in the inner circle again...

He served us well, but also fucked us over at the same time. He's served his time & I hope he never sets foot in the club again!

Tan will be deemed to f**k us over to one day when he leaves im sure, i agree chuckes i would have rather tan pay him off and carry on once he converted debt to equity but if this saves tan millions by giving him a role so be it, we move on atlast

If and when Tan fucks us over. Nobody will be chasing him around trying to slam a bit
of tongue up his arse thats for certain

Typical cardiff city ,the guy who nearly ruined us gets a place back on the baord,frigging laughable !!

if a place on the board means a sizeable reduction in his payout then go for it,i think VT is far to shrewd and clever to let hamman have any foothold whatsoever in the finances of the club

Look how excited those who were Sam's cronies are getting excited again, getting involved in the inner circle again...

He served us well, but also fucked us over at the same time. He's served his time & I hope he never sets foot in the club again!

Mr Chuckle your starting to talk a lot is sense lately.

Agree with you gender ,he didnt give a shit about the club when it was needed hes a crook and savaged the club,and now hes gonna waltz back in on the board ,great ,the only thing Tan proably wants him for his whatever football knowledge he has as Tan doesnt have any,still no doubt the sam fan will welcome him back,Tan will have to watch himself cos sam cant help but build his ego up with media appearances.

NONE of his groupies have ever answered as to why he never told his best best buddies he was running up
a £20m+ loan against the Club. They were ALL in the same boat as the rest of us, he told them it was his
money and the ''debt would leave with him" -

As for his football knowledge? Paying average players massive wages and still failing to get us promotion
hardly puts him in the Sir Alex Ferguson bracket

I have seen this claim previously, it was common knowledge and never hidden that the loan was made to us by Citi Bank, hence the quotes people throw up about debt is good, meaning unless you can cover it, you don't get the loan.
When Citi bank called the loan in, Sam/langston covered the loaned and didn't even ask for it to be secured against club assets.

No one except for those that only read the snippets they want to thought differently, plenty of proof and coverage at all times with regard to Citi Banks involvement.

The original loan to the club was by Citibank , but there were no realisable assets at the club to provide any security for it so Citibank had to rely on guarantees provided by other individuals.
When the bank loan was called in those individuals were on the hook for a debt of over £20m under those guarantees as no recovery would be made from the club.
The guarantors were therefore left with 2 main choices. Either pay up in full under the loan after allowing the club to go into liquidation , or to pay off Citibank and stand in their shoes as a creditor of the club , giving a chance (however faint) of making at least a partial recovery of their money at a later date. The latter was the lesser of two evils as it were.
There was no magnanimity in the Langston replacement loan being unsecured - just a case of legally only being able to take the same security as Citibank had (i.e. none).

Keith

I wonder how much he will get ? Not so long ago the regular Sam hammam itk people saying we owed him 40 million bet it's half that hmmmm

The amounts aren't in question Wez, that's been well documented, don't you think they haven't tried every way possible to get the aknowleged amount lowered by any means. It was all above board and legal, or they would have been the first to tell us otherwise.

the amounts in the books say we owed 19 million up to date ,with a 5 million in bonus payments the whole debt not payable untill 2016 but 6 months ago people calming we owed nearer 40 million and it was due now ,gwyn I just hope it's sorted and tan turns his debt into equity as well mate

Way out, I'm sure Since 62 will put the figures up.

Wez is about right with his figures.

Langston were owed just over £19m as at 31 May 2012 , since when further interest of £1m (7% fixed each year on the capital debt of £15m) taking it up to £20m. On top of this £5m is now also due because the club failed to take up the option of settling the debt before we got promoted.

The £9m figure re stadium naming rights is never payable by the club , only by whoever buys those rights , and then only to the extent of the amount they pay if less than £9m. The whole obligation to pay over naming rights lapses in any case if no deal is struck before December 2016 (10 years after the Nov 2006 deal negotiated with Sam).

The most that would ever have been payable by the club to Langston was £28m in December 2016 (£15m plus £8m interest plus the £5m promotion bonus).As at now , the maximum debt due is about £3.5m less as some interest has not yet been accrued.

Like everyone else (whatever they claim as "in the know") I have no idea what deal has been struck with Langston to financially settle the debt and its none of my business anyway. This may not become public knowledge until the 2013 accounts are filed sometime after November when they have to be lodged in audited form with the League

Hope this helps

Keith

Keith,

Is there enough asset to turn the debt into equity?

Agree with you gender ,he didnt give a shit about the club when it was needed hes a crook and savaged the club,and now hes gonna waltz back in on the board ,great ,the only thing Tan proably wants him for his whatever football knowledge he has as Tan doesnt have any,still no doubt the sam fan will welcome him back,Tan will have to watch himself cos sam cant help but build his ego up with media appearances.

NONE of his groupies have ever answered as to why he never told his best best buddies he was running up
a £20m+ loan against the Club. They were ALL in the same boat as the rest of us, he told them it was his
money and the ''debt would leave with him" -

As for his football knowledge? Paying average players massive wages and still failing to get us promotion
hardly puts him in the Sir Alex Ferguson bracket

I have seen this claim previously, it was common knowledge and never hidden that the loan was made to us by Citi Bank, hence the quotes people throw up about debt is good, meaning unless you can cover it, you don't get the loan.
When Citi bank called the loan in, Sam/langston covered the loaned and didn't even ask for it to be secured against club assets.

No one except for those that only read the snippets they want to thought differently, plenty of proof and coverage at all times with regard to Citi Banks involvement.

So when he was saying he was spending his own money, and would never leave the Club in debt you knew
it was bullshit???

Well thanks for keeping that to yourself Gwyn.

You must be the only person that didn't know the money was originally loaned to us by Citi Bank.
It's a bit like me borrowing twenty thousand pound off the building society to do up my house and increase it's value, my loan,against me, but their money,
When you leave school you will find these things out as you go along.

I'm all cummy fingered as you put it because a deal has been struck which means it costs the club nothing to settle the langston debt and the other debts are turned into equity by VT, isn't that the best option/

Gwyn

Serious question , so don`t take offence.

Who has told you that the Langston debt is being settled at no cost to the club(i.e. the whole debt being written off as shares)? Have you seen the agreement? Is this what Sam has said is the basis of the deal?

If it is true , then posters who have long claimed that Sam(as Langston) will get no cash out of the club will have been proved right. Personally , I don`t believe that such a deal will have been struck , but I have no evidence either in support or against such a view.

Keith

If SAM is claiming his £20M, or whatever he feels he is owed, then I would assume, subject to the terms of the Debt-to-equity arrangements: then ""£20M-£19M""/£19M=5%. This 'equity' could theoretically under Intellectual Property Rights be what TAN is willing to offer him under the Rebranding??? If it gets the Club debt-free, lets hope he joins in the ride to the top, and take this Football Club even higher.

So when he was saying he was spending his own money, and would never leave the Club in debt you knew
it was bullshit???

Well thanks for keeping that to yourself Gwyn.

Actually I remember Sam saying he wasn't putting a penny more into CCFC after his initial £3m investment in 2000.

Admittedly there was never any explanation to where the money to pay for all the transfers and wages came from after then, but Sam definitely never said the cash was his.

Perception is everything and I suppose we were all guilty of the wrong supposition.

It seems obvious to me. Keith, who is obviously totally and utterly clued up about all this as its his profession
is none the wiser than any of us really. Even with his expertise. And he is quick to acknowledge the fact. Yet
the disciples have a few chats with their 'guru' and think they are clued up. I admire their loyalty given Sams
history both here, at Wimbledon and after a High Court Judge pretty much slated him as a shady fucker

So when he was saying he was spending his own money, and would never leave the Club in debt you knew
it was bullshit???

Well thanks for keeping that to yourself Gwyn.

Actually I remember Sam saying he wasn't putting a penny more into CCFC after his initial £3m investment in 2000.

Admittedly there was never any explanation to where the money to pay for all the transfers and wages came from after then, but Sam definitely never said the cash was his.

Perception is everything and I suppose we were all guilty of the wrong supposition.

Interesting.

So when he was saying he was spending his own money, and would never leave the Club in debt you knew
it was bullshit???

Well thanks for keeping that to yourself Gwyn.

Actually I remember Sam saying he wasn't putting a penny more into CCFC after his initial £3m investment in 2000.

Admittedly there was never any explanation to where the money to pay for all the transfers and wages came from after then, but Sam definitely never said the cash was his.

Perception is everything and I suppose we were all guilty of the wrong supposition.

Totally agree with this.

If SAM is claiming his £20M, or whatever he feels he is owed, then I would assume, subject to the terms of the Debt-to-equity arrangements: then ""£20M-£19M""/£19M=5%. This 'equity' could theoretically under Intellectual Property Rights be what TAN is willing to offer him under the Rebranding??? If it gets the Club debt-free, lets hope he joins in the ride to the top, and take this Football Club even higher.

Sorry for being dull but if £19m is 5% then the whole amount is £380m. What are you valuing @ £380m, the football club?

Not being funny just trying to follow your logic.

It seems obvious to me. Keith, who is obviously totally and utterly clued up about all this as its his profession
is none the wiser than any of us really. Even with his expertise. And he is quick to acknowledge the fact. Yet
the disciples have a few chats with their 'guru' and think they are clued up. I admire their loyalty given Sams
history both here, at Wimbledon and after a High Court Judge pretty much slated him as a shady fucker

Keith is none the wiser because no-one yet knows the details of the settlement. That much pretty obvious

It seems obvious to me. Keith, who is obviously totally and utterly clued up about all this as its his profession
is none the wiser than any of us really. Even with his expertise. And he is quick to acknowledge the fact. Yet
the disciples have a few chats with their 'guru' and think they are clued up. I admire their loyalty given Sams
history both here, at Wimbledon and after a High Court Judge pretty much slated him as a shady fucker

Keith is none the wiser because no-one yet knows the details of the settlement. That much pretty obvious

Only to brown nosers like you.

The mighty Sam hammam has owned two football clubs one of them no longer exists.

The other he got into the shit almost got closed down too an the c**t still held it to ransom.

There's nothing more to say about the guy.

No, the value of the Club is uncountable, now PL Football is with us. If Promotion wasn't gained, it would be a whole lot more complex than it will be now.

It seems obvious to me. Keith, who is obviously totally and utterly clued up about all this as its his profession
is none the wiser than any of us really. Even with his expertise. And he is quick to acknowledge the fact. Yet
the disciples have a few chats with their 'guru' and think they are clued up. I admire their loyalty given Sams
history both here, at Wimbledon and after a High Court Judge pretty much slated him as a shady fucker

Keith is none the wiser because no-one yet knows the details of the settlement. That much pretty obvious

Only to brown nosers like you.

The mighty Sam hammam has owned two football clubs one of them no longer exists.

The other he got into the shit almost got closed down too an the c**t still held it to ransom.

There's nothing more to say about the guy.

Brown noser? Well that's moved on from being a red nose and blue one before that. May be you should hedge your bets and use the rainbow nose?

True Sam has been the owner of 2 football clubs and both have played in the Premier League. We can all play around with facts.

I've only ever called you a brown noser nice try though mate.

Also one currently plays in the prem no thanks to Sam. You'll have to remind me where Wimbledon football club currently play.