Thu May 26, 2011 6:43 pm
Thu May 26, 2011 6:44 pm
carlccfc wrote:On Feb 5th 2010
Gethin Jenkins Told The South Wales Echo
“TALKS continue in a positive manner. There are big numbers involved and they take time to be addressed.
There was agreement for the Langston debt to be paid by December 31. Agreement was reached for that to be extended and talks continue between Langston representatives and Cardiff City."
I cannot find a link but that is his exact quote.
Thu May 26, 2011 6:44 pm
carlccfc wrote:On Feb 5th 2010
Gethin Jenkins Told The South Wales Echo
“TALKS continue in a positive manner. There are big numbers involved and they take time to be addressed.
There was agreement for the Langston debt to be paid by December 31. Agreement was reached for that to be extended and talks continue between Langston representatives and Cardiff City."
I cannot find a link but that is his exact quote.
Thu May 26, 2011 6:46 pm
Bakedalasker wrote:Feedback wrote:carlccfc wrote:Yes but I am looking for the link for you.
forget the link ,after you told me the debt was reduced I've heard all i need.
Good grief Feedback. Even I knew the debt was reduced. You been living in a time warp or something?
I think it was reduced down to £10 million from what £24 million but it had to be paid by December 2010. I also think there was a payment instalemt of £800K roughly a month over 12 months. Something like that.
Thu May 26, 2011 6:46 pm
carlccfc wrote:carlccfc wrote:On Feb 5th 2010
Gethin Jenkins Told The South Wales Echo
“TALKS continue in a positive manner. There are big numbers involved and they take time to be addressed.
There was agreement for the Langston debt to be paid by December 31. Agreement was reached for that to be extended and talks continue between Langston representatives and Cardiff City."
I cannot find a link but that is his exact quote.
So where does that leave the Loan note 2 theory and it's due date of 2016 ?
Thu May 26, 2011 6:48 pm
Feedback wrote:carlccfc wrote:On Feb 5th 2010
Gethin Jenkins Told The South Wales Echo
“TALKS continue in a positive manner. There are big numbers involved and they take time to be addressed.
There was agreement for the Langston debt to be paid by December 31. Agreement was reached for that to be extended and talks continue between Langston representatives and Cardiff City."
I cannot find a link but that is his exact quote.
where in there does it say the deal becomes null and void if the date of 31 December is missed or where does it say all the loan note becomes repayable immediately.
Thu May 26, 2011 6:48 pm
steve davies wrote:carlccfc wrote:carlccfc wrote:On Feb 5th 2010
Gethin Jenkins Told The South Wales Echo
“TALKS continue in a positive manner. There are big numbers involved and they take time to be addressed.
There was agreement for the Langston debt to be paid by December 31. Agreement was reached for that to be extended and talks continue between Langston representatives and Cardiff City."
I cannot find a link but that is his exact quote.
So where does that leave the Loan note 2 theory and it's due date of 2016 ?
at the end of the day its all speculation unless you can see a copy of the agreement with signatures on and in realty at this moment in time the malaysians have a 40% share of the debt whilst the other shareholders hold 60% between them.
Thu May 26, 2011 6:49 pm
steve davies wrote:carlccfc wrote:carlccfc wrote:On Feb 5th 2010
Gethin Jenkins Told The South Wales Echo
“TALKS continue in a positive manner. There are big numbers involved and they take time to be addressed.
There was agreement for the Langston debt to be paid by December 31. Agreement was reached for that to be extended and talks continue between Langston representatives and Cardiff City."
I cannot find a link but that is his exact quote.
So where does that leave the Loan note 2 theory and it's due date of 2016 ?
at the end of the day its all speculation unless you can see a copy of the agreement with signatures on and in realty at this moment in time the malaysians have a 40% share of the debt whilst the other shareholders hold 60% between them.
Thu May 26, 2011 6:57 pm
Feedback wrote:
I'm questioning the angle that it is repayable immediately in full and reverts back to the full £24m, I've just gone about it in an indirect way
Thu May 26, 2011 6:59 pm
carlccfc wrote:Bakedalasker wrote:carlccfc wrote:
Ian, not only has loan note 3 fallen in for the reasons you state but loan note 2 has become payable because certain conditions within it have been breached.
Would not loan note 3 override anything then?
Yes it does but if the club claim that loan note 2 is in play that agreement has been breached by failing to adhere to conditions within it.
Thu May 26, 2011 7:02 pm
Bakedalasker wrote:Feedback wrote:
I'm questioning the angle that it is repayable immediately in full and reverts back to the full £24m, I've just gone about it in an indirect way
Well unless we see the contents of the loan I dont hink we can answer your questioning fully. From what I understand loan note 3 conditons was £10 million paid by 31 Dec 2010 be it one payment or £800K pm over 12 months. Failure to do that then the debt reverted back to £24 million BUT no time date to pay.
Thu May 26, 2011 7:13 pm
Feedback wrote:Bakedalasker wrote:Feedback wrote:
I'm questioning the angle that it is repayable immediately in full and reverts back to the full £24m, I've just gone about it in an indirect way
Well unless we see the contents of the loan I dont hink we can answer your questioning fully. From what I understand loan note 3 conditons was £10 million paid by 31 Dec 2010 be it one payment or £800K pm over 12 months. Failure to do that then the debt reverted back to £24 million BUT no time date to pay.
Jenkins said an agreement was reached, not that a new agreement was signed. the two are different.
again I go back to why would the club renegotiate a debt to be payable at the end of 2010 when it was not due until 2016?
Thu May 26, 2011 7:16 pm
castleblue wrote:I don't think you can make the assertion Carl that Loan Note 3 overides everything else because it has not been put to any legal test and I have not seen or heard anything which tells me that Cardiff County Council agreed to the terms. Obviously you can say in your opinion it does and thats fair enough but in my opinion unless it carries the agreement of the Council it is unlikely to be binding in law.
Thu May 26, 2011 7:17 pm
Thu May 26, 2011 7:23 pm
since62 wrote:
Annis and Carl
I see a number of people on here are using their strong disagreement of what Carl has written to reply with personal insults.
I am not going to join in with that but this article really is very very poor on several counts.
This "leader" tag may not have been of Carls request (I presume it was that of a Sam sycophant with the initials TP?) but it would have been easily avoided if Carl had insisted that each of his articles clearly set out at the beginning that they are just his personal views and carry no more weight than that.
As for the content , it smacks of a further propaganda push for the return of Sam , based only what Sam has said are facts.As you know , I have long been of the opinion that the two of you and this board are increasingly being manipulated by Sam for his own ends.
I know that you and Carl have both claimed to have seen copies of various legal documents shown to you by Sam and have used this as the basis for your posts about it on here.But , with the greatest of respect , neither of you have any training or experience to be able to understand such documents and must therefore be relying on what Sam says they say.
A further issue is that you regularly refer to the club being in breach of clauses in those agreements (but never mention what clauses or what the breaches are) but overlook the fact that Sam himself must be in major breach of the agreements by showing them to you in the first place.
And the Gethin Jenkins quote you refer to in a response later in this thread actually says that the latest contract deadline had been extended if you actually read it without the Sam spin on its meaning.
I do share other posters worries that this board is moving away from its initial laudable aims of providing an alternative place for gossip and discussion of rumours between fans to the official messageboard or Mikes (other than a vehicle to sell books of course ) to a propaganda machine for Sam. Will this chnage back as and when it becomes apparent that he will be allowed no future meaningful role in the club?
Thu May 26, 2011 7:25 pm
Bakedalasker wrote:
£14 million saving.
Bakedalasker wrote:Well I would take it that an agreement reached meant it was signed sealed and delivered. However I have heard the argument that the agreement was not signed but that came from Ridsdale of whom I dont beleive a word from.
Thu May 26, 2011 7:25 pm
carlccfc wrote:moonboots wrote:Vincent Tan and TG are the best things to happen to our football club for a very long time. To suggest that it is now time for them to deliver is quite frankly unbelieveable. They have delivered already by saving our Club and by backing DJ to the hilt this season. The fact that HE FAILED is not their fault. I trust them to do the right thing but if it means that they walk away who could blame them. They don't owe us anything. Personally I think they will turn things around because they are hooked on achieving Premiership football and all the massive benefits that they will get on lots of different levels.
I am asking that we have a statement of intent.
Of course they are the best thing, I said as much. I even said the best thing for everybody would be that they owned the club outright and done away with Langston, PMG, Ray Ranson (Sports Assets Group).
If they came out and said that despite failing twice we are fully committed and responsible for the club then I would be happy, I am not asking to see their strategy but to hear that they are here for the long term.
Because heaven forbid I would hate the thought that they said, no more we have had enough and want out.
Thu May 26, 2011 7:26 pm
Bakedalasker wrote:castleblue wrote:I don't think you can make the assertion Carl that Loan Note 3 overides everything else because it has not been put to any legal test and I have not seen or heard anything which tells me that Cardiff County Council agreed to the terms. Obviously you can say in your opinion it does and thats fair enough but in my opinion unless it carries the agreement of the Council it is unlikely to be binding in law.
Nothing has any legal test until it goes through a court.
I jst wonder now if the club would feel confident like they did when they were taken to court over loan note 2?
Thu May 26, 2011 7:29 pm
castleblue wrote:Bakedalasker wrote:castleblue wrote:I don't think you can make the assertion Carl that Loan Note 3 overides everything else because it has not been put to any legal test and I have not seen or heard anything which tells me that Cardiff County Council agreed to the terms. Obviously you can say in your opinion it does and thats fair enough but in my opinion unless it carries the agreement of the Council it is unlikely to be binding in law.
Nothing has any legal test until it goes through a court.
I jst wonder now if the club would feel confident like they did when they were taken to court over loan note 2?
Thats my point exactly the only Loan Note that has been tested is loan note 2 £15m + £9m in Stadium Naming rights, as I see it the club is currently paying the 7% interest on the £15m approx £1m per year or £88K per month. The £9m stadium naming rights refer to a maximum figure paid until September 2016 so if nothing is received that £9m is gone forever, if £1m is paid £8m is gone for ever no interest no comeback.
None of us know how confident the club is about going to court but if it was you and you believed that the best opportunity was to pay £10m by 31st December 2010 or risk a court case you would likely lose -What would you do I know what I would do pay up.
The Malaysians didn't therefore something tells me they are not worried about this matter going to court. Again just my opinion.
Thu May 26, 2011 7:41 pm
Feedback wrote:Bakedalasker wrote:
£14 million saving.
maybe... perhaps any agreement is simply lowering the amount payable, maybe there is no intention to pay at all being as it is unsecured.Bakedalasker wrote:Well I would take it that an agreement reached meant it was signed sealed and delivered. However I have heard the argument that the agreement was not signed but that came from Ridsdale of whom I dont beleive a word from.
maybe it was signed, maybe it was not, maybe what was signed was not a new agreement but an addendum to the agreement. we have no idea, all we have is one side who seemingly is not interested in pursuing what they believe to be their legal redress. I can't understand that.
Thu May 26, 2011 7:48 pm
Feedback wrote:Bakedalasker wrote:Feedback wrote:
I'm questioning the angle that it is repayable immediately in full and reverts back to the full £24m, I've just gone about it in an indirect way
Well unless we see the contents of the loan I dont hink we can answer your questioning fully. From what I understand loan note 3 conditons was £10 million paid by 31 Dec 2010 be it one payment or £800K pm over 12 months. Failure to do that then the debt reverted back to £24 million BUT no time date to pay.
Jenkins said an agreement was reached, not that a new agreement was signed. the two are different.
again I go back to why would the club renegotiate a debt to be payable at the end of 2010 when it was not due until 2016?
Thu May 26, 2011 7:48 pm
Thu May 26, 2011 7:50 pm
steve davies wrote:and purely castle because they can link sam to langston in my opinion which gives them them the whip hand
Thu May 26, 2011 7:56 pm
since62 wrote:
Annis and Carl
I see a number of people on here are using their strong disagreement of what Carl has written to reply with personal insults.
I am not going to join in with that but this article really is very very poor on several counts.
This "leader" tag may not have been of Carls request (I presume it was that of a Sam sycophant with the initials TP?) but it would have been easily avoided if Carl had insisted that each of his articles clearly set out at the beginning that they are just his personal views and carry no more weight than that.
As for the content , it smacks of a further propaganda push for the return of Sam , based only what Sam has said are facts.As you know , I have long been of the opinion that the two of you and this board are increasingly being manipulated by Sam for his own ends.
I know that you and Carl have both claimed to have seen copies of various legal documents shown to you by Sam and have used this as the basis for your posts about it on here.But , with the greatest of respect , neither of you have any training or experience to be able to understand such documents and must therefore be relying on what Sam says they say.
A further issue is that you regularly refer to the club being in breach of clauses in those agreements (but never mention what clauses or what the breaches are) but overlook the fact that Sam himself must be in major breach of the agreements by showing them to you in the first place.
And the Gethin Jenkins quote you refer to in a response later in this thread actually says that the latest contract deadline had been extended if you actually read it without the Sam spin on its meaning.
I do share other posters worries that this board is moving away from its initial laudable aims of providing an alternative place for gossip and discussion of rumours between fans to the official messageboard or Mikes (other than a vehicle to sell books of course ) to a propaganda machine for Sam. Will this chnage back as and when it becomes apparent that he will be allowed no future meaningful role in the club?
Thu May 26, 2011 8:07 pm
Bakedalasker wrote:since62 wrote:
Annis and Carl
I see a number of people on here are using their strong disagreement of what Carl has written to reply with personal insults.
I am not going to join in with that but this article really is very very poor on several counts.
This "leader" tag may not have been of Carls request (I presume it was that of a Sam sycophant with the initials TP?) but it would have been easily avoided if Carl had insisted that each of his articles clearly set out at the beginning that they are just his personal views and carry no more weight than that.
As for the content , it smacks of a further propaganda push for the return of Sam , based only what Sam has said are facts.As you know , I have long been of the opinion that the two of you and this board are increasingly being manipulated by Sam for his own ends.
I know that you and Carl have both claimed to have seen copies of various legal documents shown to you by Sam and have used this as the basis for your posts about it on here.But , with the greatest of respect , neither of you have any training or experience to be able to understand such documents and must therefore be relying on what Sam says they say.
A further issue is that you regularly refer to the club being in breach of clauses in those agreements (but never mention what clauses or what the breaches are) but overlook the fact that Sam himself must be in major breach of the agreements by showing them to you in the first place.
And the Gethin Jenkins quote you refer to in a response later in this thread actually says that the latest contract deadline had been extended if you actually read it without the Sam spin on its meaning.
I do share other posters worries that this board is moving away from its initial laudable aims of providing an alternative place for gossip and discussion of rumours between fans to the official messageboard or Mikes (other than a vehicle to sell books of course ) to a propaganda machine for Sam. Will this chnage back as and when it becomes apparent that he will be allowed no future meaningful role in the club?
Uh I think you will find there are quite a few posters on here who are opposing Sams return. Ok there are a couple of high profile users on here, that is Carl and Annis, who are going for it big time but there are a few regulars here opposing it.
Thu May 26, 2011 8:09 pm
Thu May 26, 2011 8:54 pm
Thu May 26, 2011 8:59 pm
taffyapple wrote:Bakedalasker wrote:Uh I think you will find there are quite a few posters on here who are opposing Sams return. Ok there are a couple of high profile users on here, that is Carl and Annis, who are going for it big time but there are a few regulars here opposing it.
Agreed. Its obviously no secret that Annis, Carl and a few others are 100% behind Sam
coming back. But we should all realise that its because they GENUINELY believe in Sam
Hammam and GENUINELY believe in what he is telling them,, but most of all... because
they think he will be good for Cardiff City Football Club...
The sceptics amongst us will point to the masquerade of a kindly old uncle spending 'more
of my f*cking money until i am f*cking skint"... only to find out the club was up to its
eyeballs in debt when he eventually left.
No way is this board a big "Bring Back Sam" Forum
I personally would sort of like him back, but not as much as id like clarification of exactly
where and what went wrong under his stewardship. The High Court didnt believe him, so
why should i!!
Thu May 26, 2011 9:29 pm
Thu May 26, 2011 9:58 pm