Wed Jul 11, 2012 10:13 pm
CHRIS PIKE wrote:carlccfc wrote:CHRIS PIKE wrote:carlccfc wrote:CHRIS PIKE wrote:carlccfc wrote:Craig when a man is ready to deal at £15million on a debt that currently stands at £37million and is making a personal sacrifice and taking a financial hit for the benefit of the club, Sam will deal if VT carries out his promise of turning his loans into equity.
Very much like those of us who accept the rebranding because of he promise of a debt free club but we are not sacrificing millions of pounds are we?
Personal Sacrifice Carl ? you have stated on here Sam is NOT Langston. So how is it a Personal sacrifice
Sam is not Langston.
Langston will get their money.
you said a personal Sacrifice Carl . how is it personal if he's not Langston ????
I did indeed.
Langston will get their money.
You know it and i know it that Sam is indeed Langston ...........![]()
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Wed Jul 11, 2012 10:15 pm
2blue2handle wrote:Annis and many others have said (and I've thought the same) if we have kept 10m back for Langston then why hadn't he been paid? Finally we know because the 10m doesn't get rid of him and it's Infact 15m in reality.
Wed Jul 11, 2012 10:19 pm
Wed Jul 11, 2012 10:25 pm
Wed Jul 11, 2012 10:28 pm
carlccfc wrote:2blue2handle wrote:Annis and many others have said (and I've thought the same) if we have kept 10m back for Langston then why hadn't he been paid? Finally we know because the 10m doesn't get rid of him and it's Infact 15m in reality.
Many others have said Luke, if there is £10million set aside then why not offer it in one up front payment and not staged payments of £3million now and £7million in May next year.
That does not equate to Sam will accept £10million.
Wed Jul 11, 2012 10:30 pm
carlccfc wrote:2blue2handle wrote:Annis and many others have said (and I've thought the same) if we have kept 10m back for Langston then why hadn't he been paid? Finally we know because the 10m doesn't get rid of him and it's Infact 15m in reality.
Many others have said Luke, if there is £10million set aside then why not offer it in one up front payment and not staged payments of £3million now and £7million in May next year.
That does not equate to Sam will accept £10million.
Wed Jul 11, 2012 10:35 pm
Wed Jul 11, 2012 10:37 pm
Wed Jul 11, 2012 10:51 pm
Wed Jul 11, 2012 11:02 pm
Wed Jul 11, 2012 11:05 pm
davids wrote:I'm confused.
Is the current offer from VT £9million PLUS the promotion bonus
or
£9million full and final settlement with NO promotion bonus?
And if as Carl says Langston are going to get their money (£37million quoted) but VT is only paying £15million (£10million now and £5million on promotion) does this mean Sam is going to pay Langston £22million out of his own pocket?
Blimey - Sam really loves us!
I knew he was our saviour. Give him a life presidency!
Thu Jul 12, 2012 2:50 am
davids wrote:I'm confused.
Is the current offer from VT £9million PLUS the promotion bonus
or
£9million full and final settlement with NO promotion bonus?
And if as Carl says Langston are going to get their money (£37million quoted) but VT is only paying £15million (£10million now and £5million on promotion) does this mean Sam is going to pay Langston £22million out of his own pocket?
Blimey - Sam really loves us!
I knew he was our saviour. Give him a life presidency!
Thu Jul 12, 2012 1:56 pm
Thu Jul 12, 2012 2:31 pm
Thu Jul 12, 2012 4:40 pm
Thu Jul 12, 2012 4:49 pm
Thu Jul 12, 2012 4:58 pm
Thu Jul 12, 2012 6:14 pm
castleblue wrote:In fairness to Langston the £5m promotion bonus has been a common factor of ALL loan notes since loan note 1in September 2006.
It was agreed by ALL parties at the High Court hearing that the bonus was offered because Langston had agreed to reduce the loan from £24m to £15m plus £9m in stadium naming rights.
I also believe that the £10m loan note Ridsdale negotitated included not only a £5m promotion bonus but a further £5m is the club stayed in the PL for more than one season.
The club has said publically that £10m is being put aside to pay Langston but they have made offers which include varying settlement arrangements one being £8m nowplus the promotion bonus.
As I see this the club should offer the £10m it says has been set aside and keep the £5m promotion bonus, which will only be payable should we get promoted. Also stop this £8m now or £3m now and £7m in May next year just offer the £10m which it has told us has been put aside.
For god sake if we get promoted VT won't have to pay the bonus as the club will get £90m minimum just for being in the PL for one season.
Very frustrating all this posturing just offer what has been claimed has been put aside and pay the bonus from PL earnings if and when we get promoted.
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Thu Jul 12, 2012 6:27 pm
carlccfc wrote:castleblue wrote:In fairness to Langston the £5m promotion bonus has been a common factor of ALL loan notes since loan note 1in September 2006.
It was agreed by ALL parties at the High Court hearing that the bonus was offered because Langston had agreed to reduce the loan from £24m to £15m plus £9m in stadium naming rights.
I also believe that the £10m loan note Ridsdale negotitated included not only a £5m promotion bonus but a further £5m is the club stayed in the PL for more than one season.
The club has said publically that £10m is being put aside to pay Langston but they have made offers which include varying settlement arrangements one being £8m nowplus the promotion bonus.
As I see this the club should offer the £10m it says has been set aside and keep the £5m promotion bonus, which will only be payable should we get promoted. Also stop this £8m now or £3m now and £7m in May next year just offer the £10m which it has told us has been put aside.
For god sake if we get promoted VT won't have to pay the bonus as the club will get £90m minimum just for being in the PL for one season.
Very frustrating all this posturing just offer what has been claimed has been put aside and pay the bonus from PL earnings if and when we get promoted.
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Yes Gary the promotion bonus has always been there and it is not a demand from Sam, the £10million with a £5million bonus was offered just 8 weeks ago.
VT has since changed the offers but Sam wants VT to honour his offer.
Thu Jul 12, 2012 6:44 pm
Thu Jul 12, 2012 7:05 pm
Welshpaul wrote:Fair enough if always been there but a lot of posts were put up on here stating 10 million will resolve this which is why so many posters are now saying goalposts moved.
In fairness Annis also said earlier in this thread that SH has moved the goalposts too.
Thu Jul 12, 2012 7:14 pm
Welshpaul wrote:Fair enough if always been there but a lot of posts were put up on here stating 10 million will resolve this which is why so many posters are now saying goalposts moved.
In fairness Annis also said earlier in this thread that SH has moved the goalposts too.
Thu Jul 12, 2012 7:16 pm
Tony Blue Williams wrote:Welshpaul wrote:Fair enough if always been there but a lot of posts were put up on here stating 10 million will resolve this which is why so many posters are now saying goalposts moved.
In fairness Annis also said earlier in this thread that SH has moved the goalposts too.
In practise the £10m will come from VT and the £5m promotion bonus will be paid from club coffers so may be that is why it hasn't been mentioned as a fundermental part of the settlement before now.
Thu Jul 12, 2012 7:26 pm
Thu Jul 12, 2012 8:17 pm
Thu Jul 12, 2012 8:22 pm
EL JEFE wrote:In answer to your topic question Annis, it appears we are not, unless there are things going on behind the scenes that you cannot say anything about until a deal is done, which is how I think the whole thing should be handled. The blame game is fuelling the minds of some morons who crave a bit of excitement.
Thu Jul 12, 2012 8:23 pm
wez 1927 wrote:sorry but annis and other s on the board have said 10 million cash and hes gone ,sam has gone back on the deal if vt has offered 10 m in the last few days and sam hasnt excepted then the goal posts have been moved again
Thu Jul 12, 2012 8:23 pm
carlccfc wrote:wez 1927 wrote:sorry but annis and other s on the board have said 10 million cash and hes gone ,sam has gone back on the deal if vt has offered 10 m in the last few days and sam hasnt excepted then the goal posts have been moved again
Sam has not gone back on a deal.
Thu Jul 12, 2012 8:46 pm
wez 1927 wrote:carlccfc wrote:wez 1927 wrote:sorry but annis and other s on the board have said 10 million cash and hes gone ,sam has gone back on the deal if vt has offered 10 m in the last few days and sam hasnt excepted then the goal posts have been moved again
Sam has not gone back on a deal.
10 million cash and hes gone carl ?
Thu Jul 12, 2012 8:51 pm
carlccfc wrote:wez 1927 wrote:carlccfc wrote:wez 1927 wrote:sorry but annis and other s on the board have said 10 million cash and hes gone ,sam has gone back on the deal if vt has offered 10 m in the last few days and sam hasnt excepted then the goal posts have been moved again
Sam has not gone back on a deal.
10 million cash and hes gone carl ?
No Wez.
£10million and £5million promotion bonus, life presidency and the deal to be completed by end of the month and the club can move forward big time with Sam still the 'father of the baby'