' Historic Deal finally done this morning '

Forever Blue Wrote
' 22nd July 2013 '
Langston debt finally signed this morning, the paper work was signed in their lawyers offices this morning.
Vincent Tan and Langston/Sam Hammam have finally sorted the historic Langston Debt.

More to follow




' 22nd July 2013 '

Cardiff City Football Club and the Langston Corporation are pleased to announce that an amicable resolution to the longstanding differences has been formally reached today, July 22, 2013.



Speaking of the news Tan Sri Vincent Tan said, “I am grateful and indebted to Sam Hammam, Michael Isaac and Michael Filiou for their part in this resolution, which brings to a close a lengthy period of uncertainty.



“This settlement allows us to look to a new era of financial stability, which should be celebrated by all connected to Cardiff City. I am delighted, primarily for the supporters of this great club that we can put this matter firmly behind us and plan for our future with confidence."



Sam Hammam, said, “This resolution will rightly be regarded as a proud and historic occasion for all associated with Cardiff City Football Club. Now that an amicable agreement has been reached, thanks in most part to the vision of Tan Sri Vincent Tan and the important role of Michael Isaac and Michael Filiou, the club can now focus on the exciting Premier League season ahead, while building for the future with optimism."



It has been agreed by all parties that the sole focus should be on building for the season ahead. Sam Hammam, as a part of this resolution, will take up the honorary title of Life President at the club, while the board would like to place on record its gratitude and thanks to Tan Sri Vincent Tan, Sam Hammam, Michael Isaac and Michael Filiou for their invaluable contributions to the confidential deal. Michael Filiou is joining the Board of Cardiff City Football Club.





Wales online

Cardiff City have completed a £15m deal with former owner Sam Hammam to settle the club's historic Langston debt.

Current owner Vincent Tan last week insisted a deal with Hammam to finally settle the £24m debt was just 'days away' .

And WaelsOnline understands that deal was agreed today with the final sum being paid £15m and Hammam accepting a role at the club in an advisory capacity.

But Hammam will not be joining the City board of directors or have any influence in team affairs.

A series of talks have been held in recent months with a number of options discussed, but a place on the board for Hammam was never considered by the club.

Tan, however, has expressed his admiration for Hammam's knowledge of football given his wealth of experience at Wimbledon and Cardiff - and the Lebanese businessman could now become an honorary life president of the Bluebirds.

Cardiff held a board meeting today after respected club director Steve Borley responded to suggestions that Hammam’s appointment in a key role was imminent.

Quizzed by fans on Twitter, Borley was asked directly if he could confirm Hammam was returning to the board, replying: “‘Not to my knowledge.”


Sam Hammam initially joined Cardiff City in 2000 after leaving Wimbledon

He sparked major controversy by trying to rename the club 'Cardiff Celts' in a bid to get the whole of Wales behind the Bluebirds

In July, 2000 he was quoted as saying: " I feel so strongly, I am in completely, I am in with all my heart and I promise you, I will die trying to go under this red dragon, this Celtic thing."I appeal to the fans to reach to the extremities of the Welsh nation and get behind us."

Always a colourful character, even before his time at Cardiff, this picture shows him being bundled from the Old Trafford sidelines by security as he tried to enter the dugout when Man Utd played Wimbledon

Hammam famously once said: "Swansea will never be a big club and if they are being honest with themselves they will say so. If Swansea fans are Welsh and want to see top class football in Wales, then they should recognise that Cardiff is the only Welsh club with a cat in hell’s chance of making it.”

A new stadium for the club was first mooted as a long term target by former owner Hammam, gaining public approval after a meeting between with Cardiff Lord Mayor Russell Goodway in January 2002. Major financial concerns were to later hamper Hammam's plans

The club returned to the second tier of English football in 2003 after a play-off final win against QPR. Hammam was at the heart of the celebrations

Hammam appointed Dave Jones as the club's new manager in 2005

In December, 2006, Hammam agreed to a takeover by a consortium led by new chairman Peter Ridsdale and including local businessman Paul Guy



When another supporter warned of a fans’ backlash if Hammam did make a comeback, Borley replied: “Understand mate, but I don’t see it happening.”

Malaysian billionaire Tan revealed last week that the imminent deal with Hammam would lead to him converting the money he is owed by the club into equity.

“We are talking to Sam Hammam to try and resolve the Langston issue,” Tan said during a visit to South Wales.

“I’d like to regard him as my friend from our dealings.

“We are days away from an agreement and then we can convert all the loans to equity.

“That will make us much more secure and hopefully debt free, which is good.”

Asked to confirm the timescale on any potential deal, he repeated: “We are days away, it is in Sam’s hands.”

And Hammam finally signed that deal today just weeks before City mark their return to the top tier of English football for the first time in 51 years.

Saweeeeeeeeet

Alas!!!

better news than any signing, great!

I can confirm that there was something happening today and was told that there was imminent news this afternoon...so lets wait and see what the full story is.

better news than any signing, great!

This

Excellent glad its finally over with if true. Lets hope Scam will finally leave us alone

Happy days

Excellent glad its finally over with if true. Lets hope Scam will finally leave us alone

Here here but hes back on board if it saves tan millions so be it even if some fans dont like it but its not as if tan ever gave a shit what fans think or any poll results either

Last edited by Bluebird1977 on Mon Jul 22, 2013 7:18 pm, edited 1 time in total.

Tans true to his word.
People should stop doubting him.

I can confirm that there was something happening today and was told that there was imminent news this afternoon...so lets wait and see what the full story is.

cracking news hopefully lift even the gloomiest on here.

Tidy butt, now get the players in and push on, great news

If this is true then it is amazing news. What are the chances that from this we go all guns blazing into the transfer market?

Excellent glad its finally over with if true. Lets hope Scam will finally leave us alone

Here here but hes back on board if it saves tan millions so be it even if some fans dont like it but its not as if tan ever gave a shit what fans think or any poll results either

They can give him whatever title he wants as long as he has no actual power and keeps his nose out of the footballing matters, the better. Now we just have to wait and see what happens with the debt to equity

Excellent glad its finally over with if true. Lets hope Scam will finally leave us alone

Here here but hes back on board if it saves tan millions so be it even if some fans dont like it but its not as if tan ever gave a shit what fans think or any poll results either

They can give him whatever title he wants as long as he has no actual power and keeps his nose out of the footballing matters, the better. Now we just have to wait and see what happens with the debt to equity

Can you really see sam going to a club and having no say at all in the football side, no chance this will happen, i get the money side keep him from that

Excellent glad its finally over with if true. Lets hope Scam will finally leave us alone

Here here but hes back on board if it saves tan millions so be it even if some fans dont like it but its not as if tan ever gave a shit what fans think or any poll results either

They can give him whatever title he wants as long as he has no actual power and keeps his nose out of the footballing matters, the better. Now we just have to wait and see what happens with the debt to equity

There is definately a role for him at the club - those burgers don't flip themselves you know.

Excellent glad its finally over with if true. Lets hope Scam will finally leave us alone

Here here but hes back on board if it saves tan millions so be it even if some fans dont like it but its not as if tan ever gave a shit what fans think or any poll results either

They can give him whatever title he wants as long as he has no actual power and keeps his nose out of the footballing matters, the better. Now we just have to wait and see what happens with the debt to equity

Can you really see sam going to a club and having no say at all in the football side, no chance this will happen, i get the money side keep him from that

Then I can see Malky leaving and us getting relegated

Yet another example of how tight lipped this club has become! Speculation for days but no leak. Excellent news though

Quite Simply the BIGGEST and BEST signing the club has Ever made.

(Contracts for those who didn't understand).


Thank You Vincent and Thank You Sam...


Now for that EQUITY!!!

At last looks sorted

So Sam takes on an advisory role only

See what can be done.

As soon as they signed a new king was born. I knew the removal of the debt was important but bloody hell.

So Sam takes on an advisory role only

People will believe this to, its another way wording a version for a dicrector of football role really if thats the case, the question is can malky and sam work together if this is the role hmmmm

Brilliant news

[quote="Gavin"]So Sam takes on an advisory role only[/quote

Fantastic News.

So Sam takes on an advisory role only

People will believe this to, its another way wording a version for a dicrector of football role really if thats the case, the question is can malky and sam work together if this is the role hmmmm

It says that he will have no place on the board so no Director of Football role.

So Sam takes on an advisory role only

People will believe this to, its another way wording a version for a dicrector of football role really if thats the case, the question is can malky and sam work together if this is the role hmmmm

don't you think malky has been in talks with tan over this role,

malky is his own man and he runs the footballing side of the club

Official reports on twitter state sam has no roll on the board