UPDATED Writ in the High Court issued today v Vincent Tan/C

" Langston Issue writ in the High Court ready for Court Case v Vincent Tan/Cardiff City "

Langston today have issued a writ for the balance remaining of a debt that had been agreed by Vincent Tan and was being paid right up to December 2014.

The balance owing is £5.75million and was agreed to be paid in monthly instalments,like the previous £16million had been paid.

' UPDATED '

The writ is against Vincent Tan personally as he is personal guarantor for the debt.

Former Cardiff City owner Sam Hammam confirms court proceedings against Bluebirds over £5.75million debt

Thurs 5 February 2015

By Terry Phillips

Hammam issues statement to confirm legal action is underway.

Hammam's statement read " Court proceedings have been issued to pay an amount of £5.75m plus interest. This amount is due to be paid by the club.

“This amount is the balance due under the Settlement Agreement with Langston as unfortunately the club are in default with the legally agreed payments.”


Former Cardiff City owner Sam Hammam has confirmed he has begun legal proceedings against the Bluebirds over the unpaid Langston debt.

Hammam issued a statement to claim Cardiff are in default of £5.75million and says court proceedings have begun over the matter.

The stand-off is over the historical debt to creditors Langston.

Hammam was Cardiff owner when £24m in loan notes were issued by the Swiss-based firm in 2004.

The debt was an issue for Vincent Tan when he took charge of the club and three years ago the two parties reached agreement on a £22m settlement.

Could someone explain the actual situation here in the most basic terms possible?.

I would but it might send u spiralling back into depression

Langston will have to give full disclosure of their company make up in any court case ,at least it will all be in the open

Its strange how Tan investigated langston and count find anything untoward so decided to pay back the debt (on different terms) and then in Decmeber decides to stop paying it? Whats changed? Very odd situation.

Its strange how Tan investigated langston and count find anything untoward so decided to pay back the debt (on different terms) and then in Decmeber decides to stop paying it? Whats changed? Very odd situation.

It's really weird ,the club not out of tans pocket can easily afford the payments some of our players are on more than the yearly payments ,seems strange

Langston will have to give full disclosure of their company make up in any court case ,at least it will all be in the open

I think when the agreement was made and the payment schedule agreed there was no need for disclosure of any parties.

However with any breakdown any Court will need to hear who is who, so at last we will all know who is behind Langston!

We all have an idea but once and for all it will be out.

VT will have it in black and white, SH may not want it to be fully known.

I really don't give a rats arse be great when it's dealt with

Langston will have to give full disclosure of their company make up in any court case ,at least it will all be in the open

Don't think so.

The issue here for everyone to take note of is that the writ is against Tan and not CCFC.

Langston will have to give full disclosure of their company make up in any court case ,at least it will all be in the open

Don't think so.

The issue here for everyone to take note of is that the writ is against Tan and not CCFC.

Still makes no difference, Tan will know and if he happens to leak it nothing can be done

Langston will have to give full disclosure of their company make up in any court case ,at least it will all be in the open

Don't think so.

The issue here for everyone to take note of is that the writ is against Tan and not CCFC.

how can it be against tan ? And not the club ? Does that mean the club is no longer liable for the debt ?

Langston will have to give full disclosure of their company make up in any court case ,at least it will all be in the open

Don't think so.

The issue here for everyone to take note of is that the writ is against Tan and not CCFC.

how can it be against tan ? And not the club ? Does that mean the club is no longer liable for the debt ?

guess its because tan is name on aggreement, bit like a garauntor on a loan i presume
it surely will come out who langston is as tan wants to know who they are if you believe dalman

Langston will have to give full disclosure of their company make up in any court case ,at least it will all be in the open

Don't think so.

The issue here for everyone to take note of is that the writ is against Tan and not CCFC.

This is correct...and goes to show that the debt is currently all Tan's and (whilst he remains) not the club's

Another reason to try the conciliatory route IMHO

Langston will have to give full disclosure of their company make up in any court case ,at least it will all be in the open

Don't think so.

The issue here for everyone to take note of is that the writ is against Tan and not CCFC.

This is correct...and goes to show that the debt is currently all Tan's and (whilst he remains) not the club's

Another reason to try the conciliatory route IMHO

Although it's probably a secured loan - over Tan's assets - Namely CCFC (like a mortgage on your house)

So Tan has fallen out with Sam, stops paying the money and decides to expose him after all these years as Langston, just to humiliate him after he tried to get a Group together to buy the club back which infuriated him even more. It's not about the money it's about humiliation which people like Tan love to do.

seems a bit strange that alledgedly the debt is upto date at December 14 its supposed to be paid quarterly
on the information ive read on here and the amount owing being5.75 million it looks like he has ONLY JUST stopped paying
could even argue its just a bit late
someone seems awful quick to go down the court route

seems a bit strange that alledgedly the debt is upto date at December 14 its supposed to be paid quarterly
on the information ive read on here and the amount owing being5.75 million it looks like he has ONLY JUST stopped paying
could even argue its just a bit late
someone seems awful quick to go down the court route

It depends what's in the agreement but all seems a bit strange

wez the agreement was done in july 13 you do the sums
15 million up front quarterly payments there after of 250 k
oct 13
jan 14
april 14
july14
oct14
@250k a time that's 1.25 million ,that leaves 5.75 million as suggested in this thread
but the next payment isn't due until jan 15 its only 5th feb today ffs

wez the agreement was done in july 13 you do the sums
15 million up front quarterly payments there after of 250 k
oct 13
jan 14
april 14
july14
oct14
@250k a time that's 1.25 million ,that leaves 5.75 million as suggested in this thread
but the next payment isn't due until jan 15 its only 5th feb today ffs

Sadly, if Sam is involved then it is inevitably going to be 'cloak and dagger' and likely to involve a 'plan'

Langston will have to give full disclosure of their company make up in any court case ,at least it will all be in the open

Don't think so.

The issue here for everyone to take note of is that the writ is against Tan and not CCFC.

The article says its against 'The Bluebirds'.

Is it wrong ? If so, I'm intrigued as to how you know !

So Tan has fallen out with Sam, stops paying the money and decides to expose him after all these years as Langston, just to humiliate him after he tried to get a Group together to buy the club back which infuriated him even more. It's not about the money it's about humiliation which people like Tan love to do.

That's what i believe as well !!

bluebirds is a nick name only they wont get any money from them

Langston will have to give full disclosure of their company make up in any court case ,at least it will all be in the open

Don't think so.

The issue here for everyone to take note of is that the writ is against Tan and not CCFC.

The article says its against 'The Bluebirds'.

Is it wrong ? If so, I'm intrigued as to how you know !

Ah yes the article says....written by Terry Phillips...a lot of people say he does not know what he is talking about.

Right why do I say it is against Tan and not the club:

1. The deal was between Tan and Langston. Tan basically is the quarantor of the loan to Langston.
2. The "bluebird" have got nothing but outstanding debts. How would Langston get any money out of the "Bluebirds"?

Langston will have to give full disclosure of their company make up in any court case ,at least it will all be in the open

Don't think so.

The issue here for everyone to take note of is that the writ is against Tan and not CCFC.

The article says its against 'The Bluebirds'.

Is it wrong ? If so, I'm intrigued as to how you know !

Ah yes the article says....written by Terry Phillips...a lot of people say he does not know what he is talking about.

Right why do I say it is against Tan and not the club:

1. The deal was between Tan and Langston. Tan basically is the quarantor of the loan to Langston.
2. The "bluebird" have got nothing but outstanding debts. How would Langston get any money out of the "Bluebirds"?

Can't argue with that!

Langston will have to give full disclosure of their company make up in any court case ,at least it will all be in the open

Don't think so.

The issue here for everyone to take note of is that the writ is against Tan and not CCFC.

The article says its against 'The Bluebirds'.

Is it wrong ? If so, I'm intrigued as to how you know !

Ah yes the article says....written by Terry Phillips...a lot of people say he does not know what he is talking about.

Right why do I say it is against Tan and not the club:

1. The deal was between Tan and Langston. Tan basically is the quarantor of the loan to Langston.
2. The "bluebird" have got nothing but outstanding debts. How would Langston get any money out of the "Bluebirds"?

Can't argue with that!

Chris, Ian is saying whats virtually the truth. Also this is more personal now between Tan and Sam.

Langston will have to give full disclosure of their company make up in any court case ,at least it will all be in the open

Don't think so.

The issue here for everyone to take note of is that the writ is against Tan and not CCFC.

The article says its against 'The Bluebirds'.

Is it wrong ? If so, I'm intrigued as to how you know !

Ah yes the article says....written by Terry Phillips...a lot of people say he does not know what he is talking about.

Right why do I say it is against Tan and not the club:

1. The deal was between Tan and Langston. Tan basically is the quarantor of the loan to Langston.
2. The "bluebird" have got nothing but outstanding debts. How would Langston get any money out of the "Bluebirds"?

Can't argue with that!

Chris, Ian is saying whats virtually the truth. Also this is more personal now between Tan and Sam.

tan wants Sam outted as langstone for some reason

So. Just guesswork then.
That's fine. It was presented as fact and that was a surprise. If it's just opinion then I'm not.

Here is the position as I see it.

Legally the debt is Owed by Cardiff City FC.

It's in the accounts . The money was loaned to CCFC and the payments have been made by CCFC ( thanks to the money Tan has loaned to the club ). It's CCFCs debt unfortunately

So the writ would be against Cardiff City FC in the first instance.

There may be a clause in the deal making Tan or one of his companies guarantor.
I very much doubt Tan would guarantee it personally, IF there is a guarantee then it will be via one of his companies.

Langston will have to give full disclosure of their company make up in any court case ,at least it will all be in the open

Don't think so.

The issue here for everyone to take note of is that the writ is against Tan and not CCFC.

The article says its against 'The Bluebirds'.

Is it wrong ? If so, I'm intrigued as to how you know !

Ah yes the article says....written by Terry Phillips...a lot of people say he does not know what he is talking about.

Right why do I say it is against Tan and not the club:

1. The deal was between Tan and Langston. Tan basically is the quarantor of the loan to Langston.
2. The "bluebird" have got nothing but outstanding debts. How would Langston get any money out of the "Bluebirds"?

Can't argue with that!

Chris, Ian is saying whats virtually the truth. Also this is more personal now between Tan and Sam.

tan wants Sam outted as langstone for some reason

Probably delaying tactics or thinks he can avoid paying something. Makes you wonder why he has paid 17m without asking this question before. Seems like Sam has done something to piss him off

So. Just guesswork then.
That's fine. It was presented as fact and that was a surprise. If it's just opinion then I'm not.

Here is the position as I see it.

Legally the debt is Owed by Cardiff City FC.

It's in the accounts . The money was loaned to CCFC and the payments have been made by CCFC ( thanks to the money Tan has loaned to the club ). It's CCFCs debt unfortunately

So the writ would be against Cardiff City FC in the first instance.

There may be a clause in the deal making Tan or one of his companies guarantor.
I very much doubt Tan would guarantee it personally, IF there is a guarantee then it will be via one of his companies.

Tim, I believe Tan is personal guarantor.

This case is going to be very interesting

So. Just guesswork then.
That's fine. It was presented as fact and that was a surprise. If it's just opinion then I'm not.

Here is the position as I see it.

Legally the debt is Owed by Cardiff City FC.

It's in the accounts . The money was loaned to CCFC and the payments have been made by CCFC ( thanks to the money Tan has loaned to the club ). It's CCFCs debt unfortunately

So the writ would be against Cardiff City FC in the first instance.

There may be a clause in the deal making Tan or one of his companies guarantor.
I very much doubt Tan would guarantee it personally, IF there is a guarantee then it will be via one of his companies.

More calculated.

It is pointless Langston doing a deal with CCFC without some guarantee. That guarantee can only be Tan.

So. Just guesswork then.
That's fine. It was presented as fact and that was a surprise. If it's just opinion then I'm not.

Here is the position as I see it.

Legally the debt is Owed by Cardiff City FC.

It's in the accounts . The money was loaned to CCFC and the payments have been made by CCFC ( thanks to the money Tan has loaned to the club ). It's CCFCs debt unfortunately

So the writ would be against Cardiff City FC in the first instance.

There may be a clause in the deal making Tan or one of his companies guarantor.
I very much doubt Tan would guarantee it personally, IF there is a guarantee then it will be via one of his companies.

More calculated.

It is pointless Langston doing a deal with CCFC without some guarantee. That guarantee can only be Tan.

Precisely ccfc have not got that sort of money! Any excess monies from parachute payments go to tan pay off debt! Hence cutbacks to balance books so giving more money to tan to pay his loan! So as I pointed out earlier in thread tan must be garauntor no other way it could be paid?