' WHAT THE MEDIA WOULD NOT PRINT '

Statement by Sam Hammam:

Thursday 5th Feb 2015

"Court proceedings have been issued against Vincent Tan to pay an amount of £5.75 million plus interest. This amount is due to be paid by the club and Mr Tan legally and personally guaranteed payment in the event of non-payment by the club. This amount is the balance due under the Settlement Agreement with Langston as unfortunately Mr Tan and the club are now in default with the legally agreed payments.

Legally the demand is from both the club and Mr Tan but it is for Mr Tan to honour the guarantee he has given or to use his resources to allow the club to pay its debts. It is to be hoped that Mr Tan recognises and executes his legal responsibilities and in so doing avoids the club itself being dragged into the legal proceedings."

Now its clear why Steve Tucker used the word "Bluebirds". As been mention by most on here the writ is aimed at Vincent Tan as he is the guarantee. Why Tan is not paying is another subject that will be explored while this saga goes on.

If this goes to court I believe Tan will lose hands down. I very much doubt he will achieve what he wants and that is to find out who Langston is. The court will look at this as a waste of their time as an agreement is in place and payments have been made. I do question Tan mental thinking of British law. He is not above it.

Ridsdale threatened Tan with court with Tan paying up at the court doors.
Dave Jones threatened Tan with court and Tan paid up.
Malky seems to be the odd one out if you believe the stories coming out of the club.

Peter Ridsdale got Langston a few years ago to accept £10million, Tan turned it down, said "he would pay nothing" then ends up paying £16million and now owes £5.75mill plus intest

Finally I believe the papers would not print this statement as they would have been banned from the club. Just like what Dave Jones did.

Let's hope Tan wins, about time it came out publically.

Let's hope Tan wins, about time it came out publically.

How can he win he's been paying it up to the date stated, more to the point why start paying it then stop

Maybe he is just doing it to remind those with short memories what Sam H is all about.

Let's hope Tan wins, about time it came out publically.

How can he win he's been paying it up to the date stated, more to the point why start paying it then stop

As I have said Tan does not understand our culture regarding the law. He might be a billionaire but he is not above it.

Another thing to consider is Tan holds above 51% of the shares. Does that not make him liable for the debts?

Statement by Sam Hammam:

"Court proceedings have been issued against Vincent Tan to pay an amount of £5.75 million plus interest. This amount is due to be paid by the club and Mr Tan legally and personally guaranteed payment in the event of non-payment by the club. This amount is the balance due under the Settlement Agreement with Langston as unfortunately Mr Tan and the club are now in default with the legally agreed payments.

Legally the demand is from both the club and Mr Tan but it is for Mr Tan to honour the guarantee he has given or to use his resources to allow the club to pay its debts. It is to be hoped that Mr Tan recognises and executes his legal responsibilities and in so doing avoids the club itself being dragged into the legal proceedings."

Now its clear why Steve Tucker used the word "Bluebirds". As been mention by most on here the writ is aimed at Vincent Tan as he is the guarantee. Why Tan is not paying is another subject that will be explored while this saga goes on.

If this goes to court I believe Tan will lose hands down. I very much doubt he will achieve what he wants and that is to find out who Langston is. The court will look at this as a waste of their time as an agreement is in place and payments have been made. I do question Tan mental thinking of British law. He is not above it.

Ridsdale threatened Tan with court with Tan paying up at the court doors.
Dave Jones threatened Tan with court and Tan paid up.
Malky seems to be the odd one out if you believe the stories coming out of the club.

Finally I believe the papers would not print this statement as they would have been banned from the club. Just like what Dave Jones did.

Maybe, but Mr.Dalman is not an idiot, from a "governance" perspective I agree with him. I probably wouldn't have waited so money years to do this level of due-diligence though.

The club should be able to say whom they are paying. Corporate Governance and Anti-Money Laundering legislation gets quite complicated.

Without wanting to discredit Langston, the club would want to prevent itself from unintentionally breaking any international agreements, ones that even Langston might not be aware of.

There is legislation agreed between the US and Switzerland with regards to tax fraud and money laundering. There is other legislation related to Russian, Iranian, Cuban and other country financial funding.

Or to put it more simply, if there is an American shareholder in Langston, and if this shareholder has not declared the Langston holding through the US tax declaration process, the club could unintentionally be in a sensitive positive.

I'm not saying this is the case, but I could understand the club wanting to elevate this potential risk.

If I was CEO it would be on my agenda, and to be honest would have been in May 2010!

Another view might simply be that VT has another agenda!

Let's hope Tan wins, about time it came out publically.

How can he win he's been paying it up to the date stated, more to the point why start paying it then stop

As I have said Tan does not understand our culture regarding the law. He might be a billionaire but he is not above it.

Another thing to consider is Tan holds above 51% of the shares. Does that not make him liable for the debts?

As put in statement tan as acted as guarantor/surety for payments, so obviously it's clubs debt despite tan having over 51% stake! As with all things Langston/Sam its very muddy waters, and i wouldn't put to much creadance in what is said! As no one knows full facts except tan/Sam. Dalman is expert financier so something not right for him to question things

Let's hope Tan wins, about time it came out publically.

How can he win he's been paying it up to the date stated, more to the point why start paying it then stop

As I have said Tan does not understand our culture regarding the law. He might be a billionaire but he is not above it.

Another thing to consider is Tan holds above 51% of the shares. Does that not make him liable for the debts?

So you have seen the agreement have you?? How do you know that there are certain conditions within the agreement that may have been breached by Sam? Hypothetically one of those conditions may have been that the true identity of Langston needed to be made clear and maybe it hasn't ? Who knows?

Let's hope Tan wins, about time it came out publically.

How can he win he's been paying it up to the date stated, more to the point why start paying it then stop

As I have said Tan does not understand our culture regarding the law. He might be a billionaire but he is not above it.

Another thing to consider is Tan holds above 51% of the shares. Does that not make him liable for the debts?

Whatever comes of it a British Court will demand to know who is behind Langston and written confirmation of that.

That's all VT wants it was never proved in court before, the judge just airing his opinion that SH was heavily involved.


It's not about the money with VT lol. When does SH have his life president thing taken off him?

I think Tan is willing to pay a little extra to find out who Langston is, can the court force Tan to pay money to an unknown source? Sounds dodgy. I think its about time this all came out.

Let's hope Tan wins, about time it came out publically.

How can he win he's been paying it up to the date stated, more to the point why start paying it then stop

As I have said Tan does not understand our culture regarding the law. He might be a billionaire but he is not above it.

Another thing to consider is Tan holds above 51% of the shares. Does that not make him liable for the debts?

Whatever comes of it a British Court will demand to know who is behind Langston and written confirmation of that.

That's all VT wants it was never proved in court before, the judge just airing his opinion that SH was heavily involved.


It's not about the money with VT lol. When does SH have his life president thing taken off him?

So if thats all Vincent Tan wants,why has Tan already paid Langston £15million?

Let's hope Tan wins, about time it came out publically.

How can he win he's been paying it up to the date stated, more to the point why start paying it then stop

As I have said Tan does not understand our culture regarding the law. He might be a billionaire but he is not above it.

Another thing to consider is Tan holds above 51% of the shares. Does that not make him liable for the debts?

Whatever comes of it a British Court will demand to know who is behind Langston and written confirmation of that.

That's all VT wants it was never proved in court before, the judge just airing his opinion that SH was heavily involved.


It's not about the money with VT lol. When does SH have his life president thing taken off him?

So if thats all Vincent Tan wants,why has Tan already paid Langston £15million?

You would have to ask him that lol.

I would like to know where £15m was spent on players/Ninian park if SH took out the loans on the Club?

He was taking over 1m a year in just consultancy fees during his time with us?

At least the bogs had a lick of paint every season

I dont blame Tan in a way, I strongly agree that the amount owed needs to be settled. A deal was agreed with Tan and whoever Langston are, and needs to be honoured. But he along with all of us who dont know, want to know who our club are paying monies. The fact Langston wont admit to who is involved isnt great, i believe in my opinion, if langston announces who it is, it could nail SH to the coffin in his attempts to worm his way back into the club.

Im struggling with the whole - who is Langston? - thing.

Its like asking Peter Parker - who is spiderman?

Oh its you Sam.

Let's hope Tan wins, about time it came out publically.

How can he win he's been paying it up to the date stated, more to the point why start paying it then stop

As I have said Tan does not understand our culture regarding the law. He might be a billionaire but he is not above it.

Another thing to consider is Tan holds above 51% of the shares. Does that not make him liable for the debts?

Whatever comes of it a British Court will demand to know who is behind Langston and written confirmation of that.

That's all VT wants it was never proved in court before, the judge just airing his opinion that SH was heavily involved.


It's not about the money with VT lol. When does SH have his life president thing taken off him?

So if thats all Vincent Tan wants,why has Tan already paid Langston £15million?

You would have to ask him that lol.

I would like to know where £15m was spent on players/Ninian park if SH took out the loans on the Club?

He was taking over 1m a year in just consultancy fees during his time with us?

At least the bogs had a lick of paint every season

I'm sure Tan can answer those questions as well,as Tan has already wasted £1million on private detectives etc and found nothing wrong,so then paid Langston £16million.

My honest opinion, this is personal between Tan/Sam.

Im struggling with the whole - who is Langston? - thing.

Its like asking Peter Parker - who is spiderman?

Oh its you Sam.

NO it's not me it's someone else

This is the bit that makes Tan look foolish
Peter Ridsdale got Langston a few years ago to accept £10million, Tan turned it down, said "he would pay nothing" then ends up paying £16million and now owes £5.75mill plus intest

Plus had spent £1million on looking in to Langston and now he says I want to know who they are?

Statement by Sam Hammam:

Thursday 5th Feb 2015

"Court proceedings have been issued against Vincent Tan to pay an amount of £5.75 million plus interest. This amount is due to be paid by the club and Mr Tan legally and personally guaranteed payment in the event of non-payment by the club. This amount is the balance due under the Settlement Agreement with Langston as unfortunately Mr Tan and the club are now in default with the legally agreed payments.

Legally the demand is from both the club and Mr Tan but it is for Mr Tan to honour the guarantee he has given or to use his resources to allow the club to pay its debts. It is to be hoped that Mr Tan recognises and executes his legal responsibilities and in so doing avoids the club itself being dragged into the legal proceedings."

Now its clear why Steve Tucker used the word "Bluebirds". As been mention by most on here the writ is aimed at Vincent Tan as he is the guarantee. Why Tan is not paying is another subject that will be explored while this saga goes on.

If this goes to court I believe Tan will lose hands down. I very much doubt he will achieve what he wants and that is to find out who Langston is. The court will look at this as a waste of their time as an agreement is in place and payments have been made. I do question Tan mental thinking of British law. He is not above it.

Ridsdale threatened Tan with court with Tan paying up at the court doors.
Dave Jones threatened Tan with court and Tan paid up.
Malky seems to be the odd one out if you believe the stories coming out of the club.

Peter Ridsdale got Langston a few years ago to accept £10million, Tan turned it down, said "he would pay nothing" then ends up paying £16million and now owes £5.75mill plus intest

Finally I believe the papers would not print this statement as they would have been banned from the club. Just like what Dave Jones did.

Just to clarify as your message is a bit contradictory..
If Vincent Tan signed a personal guarantee, the next few sentences about being an honourable man etc is bollacks, as a personal guarantee makes him personally responsible for the owed monies, nothing to do with honour...
And if he loses the case, he as an individual will have to pay not the club as he has guaranteed it!! So how can the club possibly be dragged into legal proceedings?

Has he really signed a personal guarantee ? or has he verbally stated that he will pay, there is a big difference

Its so dodgy its unreal.

Let's hope Tan wins, about time it came out publically.

How can he win he's been paying it up to the date stated, more to the point why start paying it then stop

As I have said Tan does not understand our culture regarding the law. He might be a billionaire but he is not above it.

Another thing to consider is Tan holds above 51% of the shares. Does that not make him liable for the debts?

Whatever comes of it a British Court will demand to know who is behind Langston and written confirmation of that.

That's all VT wants it was never proved in court before, the judge just airing his opinion that SH was heavily involved.


It's not about the money with VT lol. When does SH have his life president thing taken off him?

So if thats all Vincent Tan wants,why has Tan already paid Langston £15million?

You would have to ask him that lol.

I would like to know where £15m was spent on players/Ninian park if SH took out the loans on the Club?

He was taking over 1m a year in just consultancy fees during his time with us?

At least the bogs had a lick of paint every season

I'm sure Tan can answer those questions as well,as Tan has already wasted £1million on private detectives etc and found nothing wrong,so then paid Langston £16million.

My honest opinion, this is personal between Tan/Sam.

If in your opinion its personal between San/Tan then you are effectively saying Sam is Langston???

In Dalmans interview today/once again another excuse for Tan not to make our club debt free as promissed


Question

We were told the time is not right for Vincent Tan to turn his loans into equity at the club. Is the plan still for that to happen at some point in the future?

Dalmans Answer

Dalman: The answer is yes. We are in the middle of trying to find out who we owe money to. We need some clarity on our balance sheet.

Let's hope Tan wins, about time it came out publically.

How can he win he's been paying it up to the date stated, more to the point why start paying it then stop

As I have said Tan does not understand our culture regarding the law. He might be a billionaire but he is not above it.

Another thing to consider is Tan holds above 51% of the shares. Does that not make him liable for the debts?

Whatever comes of it a British Court will demand to know who is behind Langston and written confirmation of that.

That's all VT wants it was never proved in court before, the judge just airing his opinion that SH was heavily involved.


It's not about the money with VT lol. When does SH have his life president thing taken off him?

So if thats all Vincent Tan wants,why has Tan already paid Langston £15million?

You would have to ask him that lol.

I would like to know where £15m was spent on players/Ninian park if SH took out the loans on the Club?

He was taking over 1m a year in just consultancy fees during his time with us?

At least the bogs had a lick of paint every season

I'm sure Tan can answer those questions as well,as Tan has already wasted £1million on private detectives etc and found nothing wrong,so then paid Langston £16million.

My honest opinion, this is personal between Tan/Sam.

I wish you and others would stop pushing this line that Tan has spent a £million on 'private detectives' to investigate the Langston agreement.

The reality is that Tan hired forensic accountants to review a host of historic accounts and financial dealings. The appointment of the Australian QC, Stephen Owen-Conway highlighted some serious concerns about the level of audit trail and book keeping at the club with regards to a multitude of financial dealings and significant work was undertaken including the use of auditors and accountancy staff to plough through thousands of pages of financial data and papers to ensure everything was clearly understood and referenced, so that debts and other financial liabilities could be properly addressed. To suggest that the sole purpose of all this expense was to avoid payment of the langston debt, is a huge exaggeration.

You are clearly biased when it comes to Sam vs Tan and it's clear where your allegiances lie. For others who sit someweher in the middle, a little balance is required to judge things properly.

For all we know something may have subsequently come to light following the original agreement being signed which has cast doubts on the validity of the remaining debt, or the original amount agreed. Alternatively, the recepient/s of the repayments may have become clearer which in itself could cause concern or potentially legal complications. For example if there is suddenly a suggestion that payments are being made to individuals in states with UN sanctions applicable (usually put in place to try to stop funding for terrorism or corrupt states), Tan would have an obligation to cease payments or seek greater transparancy.

I'm no Tan fan, because in my opinion he has made some huge errors of judgement that have taken us backwards rather than forwards, irrespective of whether he saved us from financial meltdown originally. However, I think most City fans would prefer if Langston and it's shadowy dealings and representatives to be outed for what they really are.

Ultimately, if all langston's dealings were perfectly above board and they were not screwing the club for every penny they could, why are they so determined to retain the shroud of secrecy.

The whole langston affair has stunk from day 1, and Sam is central to everything.

Your message seems very well informed. Do you KNOW of specific issues?

You make similar comments to me, but my message was just a thought out educated hypothesis.

Let's hope Tan wins, about time it came out publically.

How can he win he's been paying it up to the date stated, more to the point why start paying it then stop

As I have said Tan does not understand our culture regarding the law. He might be a billionaire but he is not above it.

Another thing to consider is Tan holds above 51% of the shares. Does that not make him liable for the debts?

Whatever comes of it a British Court will demand to know who is behind Langston and written confirmation of that.

That's all VT wants it was never proved in court before, the judge just airing his opinion that SH was heavily involved.


It's not about the money with VT lol. When does SH have his life president thing taken off him?

So if thats all Vincent Tan wants,why has Tan already paid Langston £15million?

You would have to ask him that lol.

I would like to know where £15m was spent on players/Ninian park if SH took out the loans on the Club?

He was taking over 1m a year in just consultancy fees during his time with us?

At least the bogs had a lick of paint every season

I'm sure Tan can answer those questions as well,as Tan has already wasted £1million on private detectives etc and found nothing wrong,so then paid Langston £16million.

My honest opinion, this is personal between Tan/Sam.

I wish you and others would stop pushing this line that Tan has spent a £million on 'private detectives' to investigate the Langston agreement.

The reality is that Tan hired forensic accountants to review a host of historic accounts and financial dealings. The appointment of the Australian QC, Stephen Owen-Conway highlighted some serious concerns about the level of audit trail and book keeping at the club with regards to a multitude of financial dealings and significant work was undertaken including the use of auditors and accountancy staff to plough through thousands of pages of financial data and papers to ensure everything was clearly understood and referenced, so that debts and other financial liabilities could be properly addressed. To suggest that the sole purpose of all this expense was to avoid payment of the langston debt, is a huge exaggeration.

You are clearly biased when it comes to Sam vs Tan and it's clear where your allegiances lie. For others who sit someweher in the middle, a little balance is required to judge things properly.

For all we know something may have subsequently come to light following the original agreement being signed which has cast doubts on the validity of the remaining debt, or the original amount agreed. Alternatively, the recepient/s of the repayments may have become clearer which in itself could cause concern or potentially legal complications. For example if there is suddenly a suggestion that payments are being made to individuals in states with UN sanctions applicable (usually put in place to try to stop funding for terrorism or corrupt states), Tan would have an obligation to cease payments or seek greater transparancy.

I'm no Tan fan, because in my opinion he has made some huge errors of judgement that have taken us backwards rather than forwards, irrespective of whether he saved us from financial meltdown originally. However, I think most City fans would prefer if Langston and it's shadowy dealings and representatives to be outed for what they really are.

Ultimately, if all langston's dealings were perfectly above board and they were not screwing the club for every penny they could, why are they so determined to retain the shroud of secrecy.

The whole langston affair has stunk from day 1, and Sam is central to everything.

You can say all you want,the facts are Tan has already handed over about £16million after saying he would not pay a penny. Tan surely would not of handed all that money over if there was any wrong doing? Plus twice Tan hired forensic accountants
regarding Langston and they found nothing.

Tan makes mistakes,your having a laugh,he has been a total disaster from start to finish.

As to Sam,100% made plenty of mistakes and he admits it,Tan does not.

I am going on facts and the facts are clearly there

Let's hope Tan wins, about time it came out publically.

How can he win he's been paying it up to the date stated, more to the point why start paying it then stop

As I have said Tan does not understand our culture regarding the law. He might be a billionaire but he is not above it.

Another thing to consider is Tan holds above 51% of the shares. Does that not make him liable for the debts?

Whatever comes of it a British Court will demand to know who is behind Langston and written confirmation of that.

That's all VT wants it was never proved in court before, the judge just airing his opinion that SH was heavily involved.


It's not about the money with VT lol. When does SH have his life president thing taken off him?

So if thats all Vincent Tan wants,why has Tan already paid Langston £15million?

You would have to ask him that lol.

I would like to know where £15m was spent on players/Ninian park if SH took out the loans on the Club?

He was taking over 1m a year in just consultancy fees during his time with us?

At least the bogs had a lick of paint every season

I'm sure Tan can answer those questions as well,as Tan has already wasted £1million on private detectives etc and found nothing wrong,so then paid Langston £16million.

My honest opinion, this is personal between Tan/Sam.

Annis, I am sure you are right two wealthy men flexing their muscles

Whatever the motive, the sooner The life presidency is taken off the bloke the better,

Think Tan has fallen out with Sam and thought I'll waste a few million on court to piss him off and delay payments that will in his head hurt Langston more in the short term. I also liked Jupiter's angle about money laundering which could help drag out this case, perhaps Dalman suggested this and VT grabbed the oppertunity with both hands.

Let's hope Tan wins, about time it came out publically.

How can he win he's been paying it up to the date stated, more to the point why start paying it then stop

As I have said Tan does not understand our culture regarding the law. He might be a billionaire but he is not above it.

Another thing to consider is Tan holds above 51% of the shares. Does that not make him liable for the debts?

It's a Ltd company tan is not personally liable unless he sign a director guarantee

I do love this problem, both side hire the best minds in the law / accountant world, but this forum knows best.......

Let's hope Tan wins, about time it came out publically.

How can he win he's been paying it up to the date stated, more to the point why start paying it then stop

As I have said Tan does not understand our culture regarding the law. He might be a billionaire but he is not above it.

Another thing to consider is Tan holds above 51% of the shares. Does that not make him liable for the debts?

Whatever comes of it a British Court will demand to know who is behind Langston and written confirmation of that.

That's all VT wants it was never proved in court before, the judge just airing his opinion that SH was heavily involved.


It's not about the money with VT lol. When does SH have his life president thing taken off him?

So if thats all Vincent Tan wants,why has Tan already paid Langston £15million?

You would have to ask him that lol.

I would like to know where £15m was spent on players/Ninian park if SH took out the loans on the Club?

He was taking over 1m a year in just consultancy fees during his time with us?

At least the bogs had a lick of paint every season

I'm sure Tan can answer those questions as well,as Tan has already wasted £1million on private detectives etc and found nothing wrong,so then paid Langston £16million.

My honest opinion, this is personal between Tan/Sam.

I wish you and others would stop pushing this line that Tan has spent a £million on 'private detectives' to investigate the Langston agreement.

The reality is that Tan hired forensic accountants to review a host of historic accounts and financial dealings. The appointment of the Australian QC, Stephen Owen-Conway highlighted some serious concerns about the level of audit trail and book keeping at the club with regards to a multitude of financial dealings and significant work was undertaken including the use of auditors and accountancy staff to plough through thousands of pages of financial data and papers to ensure everything was clearly understood and referenced, so that debts and other financial liabilities could be properly addressed. To suggest that the sole purpose of all this expense was to avoid payment of the langston debt, is a huge exaggeration.

You are clearly biased when it comes to Sam vs Tan and it's clear where your allegiances lie. For others who sit someweher in the middle, a little balance is required to judge things properly.

For all we know something may have subsequently come to light following the original agreement being signed which has cast doubts on the validity of the remaining debt, or the original amount agreed. Alternatively, the recepient/s of the repayments may have become clearer which in itself could cause concern or potentially legal complications. For example if there is suddenly a suggestion that payments are being made to individuals in states with UN sanctions applicable (usually put in place to try to stop funding for terrorism or corrupt states), Tan would have an obligation to cease payments or seek greater transparancy.

I'm no Tan fan, because in my opinion he has made some huge errors of judgement that have taken us backwards rather than forwards, irrespective of whether he saved us from financial meltdown originally. However, I think most City fans would prefer if Langston and it's shadowy dealings and representatives to be outed for what they really are.

Ultimately, if all langston's dealings were perfectly above board and they were not screwing the club for every penny they could, why are they so determined to retain the shroud of secrecy.

The whole langston affair has stunk from day 1, and Sam is central to everything.

You can say all you want,the facts are Tan has already handed over about £16million after saying he would not pay a penny. Tan surely would not of handed all that money over if there was any wrong doing? Plus twice Tan hired forensic accountants
regarding Langston and they found nothing.

Tan makes mistakes,your having a laugh,he has been a total disaster from start to finish.

As to Sam,100% made plenty of mistakes and he admits it,Tan does not.

I am going on facts and the facts are clearly there

Why the belittling smilies and misconstrued comments. Why don't you just comment on the points I'm actually making. I don't disagree that Tan's stewardship has been a disaster and I stated above that I thought he had made a host of bad calls.

All I am saying is that there may be a genuinely legitimate reason why Tan has ceased payments. Yes, he agreed a payment settlement and in normal circumstances he should repay it all without question. However, information may have subsequently come to light that could invalidate any agreement, or the end recipient of the money may now be known which has given rise to potential legal issues.

If your dealing in facts then you should agree that the one consistent black cloud that has hung over Cardiff City for many years is the debt to Langston/Sam and the fact they have refused to identify themselves confirms to me they must have something to hide.

Ultimately, if it comes to light that Sam was the driving force behind CCFC taking out unsustainable loans and debt that it could not afford with high interest rates that ultimately ended up back in Sams pocket, in addition to his exorbitant consultancy fees will you still be happy to act as his mouthpiece and support his involvement in this sorry affair?