The Langston debt

For years the club has lived with the burden of the Langston debt, and it light of recent stories such as the leaked info that recently came out and Doug Lee's assessment over the last two days, It really seems we could soon be free of this weight around the ankle of our club.

My question to those 'in the know' is, when do we think this will happen? It was said it would happen in the close season and there have been a number of meetings lately. Can we expect an update on this situation in days? Weeks? Months?

When I said 'update' I didn't mean in AAMB terms I meant generally haha.

Well Im just living in hope that this will soon be over....let's move on ffs

When I said 'update' I didn't mean in AAMB terms I meant generally haha.

Well Im just living in hope that this will soon be over....let's move on ffs

We all feel the same gav its just how can we move on with this so called massive investment when clearly there playing games with a biggest single debt even though he only wants a percentage of what he's owed yet there still messing about

so we wait and agonise - and probably miss crucial signings, while the businessmen play hard ball.

Sam aint dull either

what a fuckin mess over payment timing of what is a few million quid.

Sam - VT, sort it out - you cant take it with you boys

Sam has accepted their offer, yet when it came to paying the amount, they have tried to once again drip feed it to him. To me this is unacceptable, if they want him to move on then they have to pay it off in one go.

He is getting a lot older now and prob the fight is not there as it was years ago.

Interesting though what happened to these so called forensic accountants ?

Also it was said they would never negotiate with him ?

Yet they have now sat around the table on numerous occasions.

That's a bit rich accussing our investors of playing games. As the Langston debt isn't secured, i'd say They were holding all the aces myself.

Sam has accepted their offer, yet when it came to paying the amount, they have tried to once again drip feed it to him. To me this is unacceptable, if they want him to move on then they have to pay it off in one go. He is getting a lot older now and prob the fight is not there as it was years ago.

Interesting though what happened to these so called forensic accountants ?

Also it was said they would never negotiate with him ?

Yet they have now sat around the table on numerous occasions.

Its a joke tbh annis years later the same thing will drag on I guess

Sam has accepted their offer, yet when it came to paying the amount, they have tried to once again drip feed it to him. To me this is unacceptable, if they want him to move on then they have to pay it off in one go.

He is getting a lot older now and prob the fight is not there as it was years ago.

Interesting though what happened to these so called forensic accountants ?

Also it was said they would never negotiate with him ?

Yet they have now sat around the table on numerous occasions.

Its a joke tbh annis years later the same thing will drag on I guess

Thats my worry, because Sam will never accept anymore drip payments as they always falter, so its one pay off or nothing.

Sam has accepted their offer, yet when it came to paying the amount, they have tried to once again drip feed it to him. To me this is unacceptable, if they want him to move on then they have to pay it off in one go. He is accepting well less than half what is in writing.

He is getting a lot older now and prob the fight is not there as it was years ago.

Interesting though what happened to these so called forensic accountants ?

Also it was said they would never negotiate with him ?

Yet they have now sat around the table on numerous occasions.

I was under the impression that the deal was all but signed, but this seems to me like a huge stumbling block?

I guess we won't be hearing much on an agreement for the next few months.

Sam has accepted their offer, yet when it came to paying the amount, they have tried to once again drip feed it to him. To me this is unacceptable, if they want him to move on then they have to pay it off in one go.

He is getting a lot older now and prob the fight is not there as it was years ago.

Interesting though what happened to these so called forensic accountants ?

Also it was said they would never negotiate with him ?

Yet they have now sat around the table on numerous occasions.

Well these accountants must have done something right Annis....it's down to 10 mill now.
And if Sam is losing is Fight....now's the time to give him a a few blows.
Money is real tight in this world right now....and the Malaysians know it....I would drip feed him as well. That's business.

Sam has accepted their offer, yet when it came to paying the amount, they have tried to once again drip feed it to him. To me this is unacceptable, if they want him to move on then they have to pay it off in one go.
He is getting a lot older now and prob the fight is not there as it was years ago.

Interesting though what happened to these so called forensic accountants ?

Also it was said they would never negotiate with him ?

Yet they have now sat around the table on numerous occasions.

Well these accountants must have done something right Annis....it's down to 10 mill now.
And if Sam is losing is Fight....now's the time to give him a a few blows.
Money is real tight in this world right now....and the Malaysians know it....I would drip feed him as well. That's business.

There never was forensic accountants, theyve got nothing right, if there was serious fraud etc, then they would be offering Zero.

Sam has accepted their offer, yet when it came to paying the amount, they have tried to once again drip feed it to him. To me this is unacceptable, if they want him to move on then they have to pay it off in one go.

He is getting a lot older now and prob the fight is not there as it was years ago.

Interesting though what happened to these so called forensic accountants ?

Also it was said they would never negotiate with him ?

Yet they have now sat around the table on numerous occasions.

I was under the impression that the deal was all but signed, but this seems to me like a huge stumbling block?

I guess we won't be hearing much on an agreement for the next few months.

Its come a long long way, but its because of how they want to pay the money.

Just business men posturing......im sure they will pay it all off in one as soon as they know sam wont budge

Sam has accepted their offer, yet when it came to paying the amount, they have tried to once again drip feed it to him. To me this is unacceptable, if they want him to move on then they have to pay it off in one go.

He is getting a lot older now and prob the fight is not there as it was years ago.

Interesting though what happened to these so called forensic accountants ?

Also it was said they would never negotiate with him ?

Yet they have now sat around the table on numerous occasions.

I was under the impression that the deal was all but signed, but this seems to me like a huge stumbling block?

I guess we won't be hearing much on an agreement for the next few months.

Its come a long long way, but its because of how they want to pay the money.

That's why I said they will blame him if he does not except and u know how it works the fans will blame sam for wanting peanuts compared to the original figure, yet they are not even paying that in one go to get it sorted and everyone moves on as its been put to bed.

Not saying it was fraud...just extortionate intrest rates....and as Sam always said it was a third party...I have no problem squeezing someone who was not even connected to the club.

Not saying it was fraud...just extortionate intrest rates....and as Sam always said it was a third party...I have no problem squeezing someone who was not even connected to the club.

Were being charged 7% now on the money the Malaysians are lending us.

Langston is a company headed by Sam in my opinion.

Sam has accepted their offer, yet when it came to paying the amount, they have tried to once again drip feed it to him. To me this is unacceptable, if they want him to move on then they have to pay it off in one go.

He is getting a lot older now and prob the fight is not there as it was years ago.

Interesting though what happened to these so called forensic accountants ?

Also it was said they would never negotiate with him ?

Yet they have now sat around the table on numerous occasions.

I was under the impression that the deal was all but signed, but this seems to me like a huge stumbling block?

I guess we won't be hearing much on an agreement for the next few months.

Its come a long long way, but its because of how they want to pay the money.

That's why I said they will blame him if he does not except and u know how it works the fans will blame sam for wanting peanuts compared to the original figure, yet they are not even paying that in one go to get it sorted and everyone moves on as its been put to bed.

I know they will turn, but the truth is, you cant blame him for not wanting to be drip fed once again and accept the offer as well.

Sam has accepted their offer, yet when it came to paying the amount, they have tried to once again drip feed it to him. To me this is unacceptable, if they want him to move on then they have to pay it off in one go.

He is getting a lot older now and prob the fight is not there as it was years ago.

Interesting though what happened to these so called forensic accountants ?

Also it was said they would never negotiate with him ?

Yet they have now sat around the table on numerous occasions.

I was under the impression that the deal was all but signed, but this seems to me like a huge stumbling block?

I guess we won't be hearing much on an agreement for the next few months.

Its come a long long way, but its because of how they want to pay the money.

That's why I said they will blame him if he does not except and u know how it works the fans will blame sam for wanting peanuts compared to the original figure, yet they are not even paying that in one go to get it sorted and everyone moves on as its been put to bed.

I know they will turn, but the truth is, you cant blame him for not wanting to be drip fed once again and accept the offer as well.

I agree the thing is how could anyone trust them when they haven't payed him a penny since they been there yet are talking small figures compared to what he's really owed, so much for this debt free dream fans are thinking of

Sam has accepted their offer, yet when it came to paying the amount, they have tried to once again drip feed it to him. To me this is unacceptable, if they want him to move on then they have to pay it off in one go.

He is getting a lot older now and prob the fight is not there as it was years ago.

Interesting though what happened to these so called forensic accountants ?

Also it was said they would never negotiate with him ?

Yet they have now sat around the table on numerous occasions.

I was under the impression that the deal was all but signed, but this seems to me like a huge stumbling block?

I guess we won't be hearing much on an agreement for the next few months.

Its come a long long way, but its because of how they want to pay the money.

That's why I said they will blame him if he does not except and u know how it works the fans will blame sam for wanting peanuts compared to the original figure, yet they are not even paying that in one go to get it sorted and everyone moves on as its been put to bed.

I know they will turn, but the truth is, you cant blame him for not wanting to be drip fed once again and accept the offer as well.

I agree the thing is how could anyone trust them when they haven't payed him a penny since they been there yet are talking small figures compared to what he's really owed, so much for this debt free dream fans are thinking of

So why has Sam accepted £xm then?

If he's really owed that much more surely he would refuse £xm.

Like i said, its all posturing, when the time is right, they will give it all to him....

Sam has accepted their offer, yet when it came to paying the amount, they have tried to once again drip feed it to him. To me this is unacceptable, if they want him to move on then they have to pay it off in one go.

He is getting a lot older now and prob the fight is not there as it was years ago.

Interesting though what happened to these so called forensic accountants ?

Also it was said they would never negotiate with him ?

Yet they have now sat around the table on numerous occasions.

If the plan is to turn the debt into equity I really don't see the point of drip feeding. It makes sense to pay it off in one go and then convert the debt to shares.

Sam has accepted their offer, yet when it came to paying the amount, they have tried to once again drip feed it to him. To me this is unacceptable, if they want him to move on then they have to pay it off in one go.

He is getting a lot older now and prob the fight is not there as it was years ago.

Interesting though what happened to these so called forensic accountants ?

Also it was said they would never negotiate with him ?

Yet they have now sat around the table on numerous occasions.

Well these accountants must have done something right Annis....it's down to 10 mill now.
And if Sam is losing is Fight....now's the time to give him a a few blows.
Money is real tight in this world right now....and the Malaysians know it....I would drip feed him as well. That's business.

Face facts, if the forensic accountants had found the slightest misdemeanor or shady deal, Sam would have had nothing other than a possible prison sentence. People Slate Sam for sticking to the agreement he made with the club, now that was a contractual agreement. The big problem has I see it and from what I have been told, is at any previous time, even if it went to Court and Sam won the case, (and please get some facts the original case wasn't a trial it was simply a summary judgement and plenty has been written about that) who would then win and lose, if the club were forced to pay in full, they would have to liquidate or at best go into admin, the club would be screwed and langstons would get a pittance.

So it's long been a case of Poker and bluff etc. but Sam is happy the Malaysians have shown their commitment by taking on all the debts as equity and becoming the "owners".
The deal with Sam will be done, they are dotting i's and crossing T's, but remember, it ain't just about paying a debt back with money, possibly the Malaysians will repay him in some other way, and if they are happy to do that after their big forensic accounting mission, perhaps people will realise he may not have been the big crook some have made him out to be, because those people would have left no stone unturned, come on people we can't have it both ways.

If Sam is willing to accept a compromise figure, then surely that's great for us, but some people still see that as "he's only doing it because they found something" face facts, if they had found something, they wouldn't have to negotiate, they'd havechim over a barrel.

No Gwyn all I'm saying is that the forensic accountants went through it and seen the loan for what it was...and said come on Sam look at at the profit you are making on this so called loan.....negotiations have now brought us to where we are...and I reckon they will get it down to even less.....and although annis says the Malaysians are charging us 7% can you tell us what % we are paying on this loan.....what was the figure of the original loan.

Does anyone know when this latest saga (rebranding, debt restructuring etc) is going tobe resolved either way? I know there were board meetings last week but are we talking days, weeks or months? My fear is if we can't make the signings we want soon we will miss the boat and end up with half the calibre of player we need.

Not saying it was fraud...just extortionate intrest rates....and as Sam always said it was a third party...I have no problem squeezing someone who was not even connected to the club.

It was seven %, you try getting a loan for that amount at less than 7%, try Wonga.com

How can people make these claims about extortionate rates without knowing the facts, it's no wonder so much crap get's talked about.

No Gwyn all I'm saying is that the forensic accountants went through it and seen the loan for what it was...and said come on Sam look at at the profit you are making on this so called loan.....negotiations have now brought us to where we are...and I reckon they will get it down to even less.....and although annis says the Malaysians are charging us 7% can you tell us what % we are paying on this loan.....what was the figure of the original loan.

Well you know more than I or others know, where did you read this about what the forensic accountants said, and where are you getting the details of the interest from, because in all fairness, the 7% is fairly public knowledge.
A lot of the facts you are stating are news to me, can you divulge where you got this proof from, I and a few others have seen documents stating the interest rates, but obviously these were false if you have different facts.

And even if true, do you honestly believ if there was an agreed contractual agreement signed by both parties, the Forensci accountanst would then come in much later and say, "come on now Sam, you got a good deal there, can you now go back on the agreement made, surely this is a wind up.

Ive only watched from the sidelines Gwyn....but I do know a little about how debt can sometimes be negotiated.....I'll take X amount now rather than have to wait till a later date.
Sam didn't do himself any favours by keeping dirty little secrets of where or whom he got our loans off.

So how much did we borrow?

I know some on here portrait Sam as some messiah but "suddenly" we find that Sam=Langton, well there's a surprise !!!!!

It was such a secret for a long time.

So why would international businessmen want to hire their trusted accountant to do due diligence, its not as if we have had any shady dealings or character in our past

The repayment amount is up to interpretation. If I loan £100 from a loan shark or pay day companies and the compound interest rates record amounts payable a year later to be £2000, I am really owed £2000, and if I settle at £1000 am I really taking a £1000 loss.

I work with accountants all day, the first thing I learnt was that 2+2 can equal whatever they want. That why you have your guys go over the books.

The quicker Sam and the Riddler are gone the better, even if we are only being primed to be sold on.

I know some on here portrait Sam as some messiah but "suddenly" we find that Sam=Langton, well there's a surprise !!!!!

It was such a secret for a long time.

So why would international businessmen want to hire their trusted accountant to do due diligence, its not as if we have had any shady dealings or character in our past

The repayment amount is up to interpretation. If I loan £100 from a loan shark or pay day companies and the compound interest rates record amounts payable a year later to be £2000, I am really owed £2000, and if I settle at £1000 am I really taking a £1000 loss.

I work with accountants all day, the first thing I learnt was that 2+2 can equal whatever they want. That why you have your guys go over the books.

The quicker Sam and the Riddler are gone the better, even if we are only being primed to be sold on.

Totally agree