UPDATED ' COURT CASE WITH VINCENT TAN NOW NEXT '

I will state now, Tan will lose this court case and wasted £millions bringing it to court etc

Tan wasted £millions on the Rebrand,Players/ 6 CEO'S/Managers/Stadium over rebrand etc etc

All Facts.

But he's written off over 20 million already of HIS money also converted 6 million from debt to equity and let be honest it's his money he's lossing ,he could turn around at any moment and write the rest off as other football club owners have done

Wez, He did it all for show and to put his name out there, he's run Cardiff City absolutely diabolical and you have to be honest and admit that.
Money wasted is beyond.

But worse of all he's hurt our fan base, which could hurt us for many many years to come.

He is the only owner who has put his money where his mouth is wrongly or rightly ,you can't deny that he has been the most successful owner we've had on the pitch for 50 years

I will state now, Tan will lose this court case and wasted £millions bringing it to court etc

Tan wasted £millions on the Rebrand,Players/ 6 CEO'S/Managers/Stadium over rebrand etc etc

All Facts.

But he's written off over 20 million already of HIS money also converted 6 million from debt to equity and let be honest it's his money he's lossing ,he could turn around at any moment and write the rest off as other football club owners have done

Wez, He did it all for show and to put his name out there, he's run Cardiff City absolutely diabolical and you have to be honest and admit that.
Money wasted is beyond.

But worse of all he's hurt our fan base, which could hurt us for many many years to come.

He is the only owner who has put his money where his mouth is wrongly or rightly ,you can't deny that he has been the most successful owner we've had on the pitch for 50 years

Yes he has, boy in a sweet shop with to much money.

Could have been idolised by now and we could have been a strong PL side

I will state now, Tan will lose this court case and wasted £millions bringing it to court etc

Tan wasted £millions on the Rebrand,Players/ 6 CEO'S/Managers/Stadium over rebrand etc etc

All Facts.

But he's written off over 20 million already of HIS money also converted 6 million from debt to equity and let be honest it's his money he's lossing ,he could turn around at any moment and write the rest off as other football club owners have done

Wez, He did it all for show and to put his name out there, he's run Cardiff City absolutely diabolical and you have to be honest and admit that.
Money wasted is beyond.

But worse of all he's hurt our fan base, which could hurt us for many many years to come.

He is the only owner who has put his money where his mouth is wrongly or rightly ,you can't deny that he has been the most successful owner we've had on the pitch for 50 years

Yes he has, boy in a sweet shop with to much money.

Could have been idolised by now and we could have been a strong PL side

Malky and tan are to blame for that mate the money which has been spent we could be set up instead we are just treading water

" UPDATED "


' COURT CASE IS ADJOURNED TILL NEXT MONDAY 1ST FEBRUARY 2016 FOR SUMMARY JUDGEMENT '

Its been moved by one week, last chance for Tan to get any proof/evidence.

Two days have been put aside,next Monday and Tuesday.

" UPDATED "


' COURT CASE IS ADJOURNED TILL NEXT MONDAY 1ST FEBRUARY 2016 FOR SUMMARY JUDGEMENT '

Its been moved by one week, last chance for Tan to get any proof/evidence.

Two days have been put aside,next Monday and Tuesday.

Does that mean no court case going ahead tomorrow ?

" UPDATED "


' COURT CASE IS ADJOURNED TILL NEXT MONDAY 1ST FEBRUARY 2016 FOR SUMMARY JUDGEMENT '

Its been moved by one week, last chance for Tan to get any proof/evidence.

Two days have been put aside,next Monday and Tuesday.

Does that mean no court case going ahead tomorrow ?

Wez, Adjourned for one week.

Two days have been put aside next week.

No evidence at all has been presented by Tan, his finally week to show any.

" UPDATED "


' COURT CASE IS ADJOURNED TILL NEXT MONDAY 1ST FEBRUARY 2016 FOR SUMMARY JUDGEMENT '

Its been moved by one week, last chance for Tan to get any proof/evidence.

Two days have been put aside,next Monday and Tuesday.

Does that mean no court case going ahead tomorrow ?

Wez, Adjourned for one week.

Two days have been put aside next week.

No evidence at all has been presented by Tan, his finally week to show any.

Good week of debating ahead then Annis

" UPDATED "


' COURT CASE IS ADJOURNED TILL NEXT MONDAY 1ST FEBRUARY 2016 FOR SUMMARY JUDGEMENT '

Its been moved by one week, last chance for Tan to get any proof/evidence.

Two days have been put aside,next Monday and Tuesday.

Does that mean no court case going ahead tomorrow ?

Wez, Adjourned for one week.

Two days have been put aside next week.

No evidence at all has been presented by Tan, his finally week to show any.

I sincerely hope this will be enough time for one of those 'out of court' settlements that will see Sam/Langston finally paid what they appear (by Tan's previous actions) due and Tan makes the sensible decision to avoid dragging the club (even by default) through any further unnecessary litigation

I will state now, Tan will lose this court case and wasted £millions bringing it to court etc

Tan wasted £millions on the Rebrand,Players/ 6 CEO'S/Managers/Stadium over rebrand etc etc

All Facts.

But he's written off over 20 million already of HIS money also converted 6 million from debt to equity and let be honest it's his money he's lossing ,he could turn around at any moment and write the rest off as other football club owners have done

Wez, He did it all for show and to put his name out there, he's run Cardiff City absolutely diabolical and you have to be honest and admit that.
Money wasted is beyond.

But worse of all he's hurt our fan base, which could hurt us for many many years to come.

He is the only owner who has put his money where his mouth is wrongly or rightly ,you can't deny that he has been the most successful owner we've had on the pitch for 50 years

Wez, as you know I always give an honest answer,yes he was very successful on the pitch for the first 2 years ,but his off the field antics over shadowed it all and for me it def was not worth it for one moment and because of his off the field antics,we are now paying the price on and off it.

" UPDATED "


' COURT CASE IS ADJOURNED TILL NEXT MONDAY 1ST FEBRUARY 2016 FOR SUMMARY JUDGEMENT '

Its been moved by one week, last chance for Tan to get any proof/evidence.

Two days have been put aside,next Monday and Tuesday.

Does that mean no court case going ahead tomorrow ?

Wez, Adjourned for one week.

Two days have been put aside next week.

No evidence at all has been presented by Tan, his finally week to show any.

Good week of debating ahead then Annis

Yes Wez

" UPDATED "


' COURT CASE IS ADJOURNED TILL NEXT MONDAY 1ST FEBRUARY 2016 FOR SUMMARY JUDGEMENT '

Its been moved by one week, last chance for Tan to get any proof/evidence.

Two days have been put aside,next Monday and Tuesday.

Does that mean no court case going ahead tomorrow ?

Wez, Adjourned for one week.

Two days have been put aside next week.

No evidence at all has been presented by Tan, his finally week to show any.

I sincerely hope this will be enough time for one of those 'out of court' settlements that will see Sam/Langston finally paid what they appear (by Tan's previous actions) due and Tan makes the sensible decision to avoid dragging the club (even by default) through any further unnecessary litigation

Chris, Tan signed and agreed to pay Langston and before he did, he spent £1mill on making sure everything was in order.
So he will now have to eventually pay it as agreed and then Thankfully we really can move on.

how much interest did langstone charge
or do you think they put £24million in and only want £24 million back
just for the love of Cardiff city

Langston initially charged interest but it was written off as part of the deal giving the club to Ridsdale/PMG in 2006/7.

So to answer your question yes they (Langston) put £24m in and only want £24m back as per the 2013 agreement.

" UPDATED "


' COURT CASE IS ADJOURNED TILL NEXT MONDAY 1ST FEBRUARY 2016 FOR SUMMARY JUDGEMENT '

Its been moved by one week, last chance for Tan to get any proof/evidence.

Two days have been put aside,next Monday and Tuesday.

Does that mean no court case going ahead tomorrow ?

Wez, Adjourned for one week.

Two days have been put aside next week.

No evidence at all has been presented by Tan, his finally week to show any.

I sincerely hope this will be enough time for one of those 'out of court' settlements that will see Sam/Langston finally paid what they appear (by Tan's previous actions) due and Tan makes the sensible decision to avoid dragging the club (even by default) through any further unnecessary litigation

Chris, Tan signed and agreed to pay Langston and before he did, he spent £1mill on making sure everything was in order.
So he will now have to eventually pay it as agreed and then Thankfully we really can move on.

That's how I understand it, Annis

I will state now, Tan will lose this court case and wasted £millions bringing it to court etc

Tan wasted £millions on the Rebrand,Players/ 6 CEO'S/Managers/Stadium over rebrand etc etc

All Facts.

But he's written off over 20 million already of HIS money also converted 6 million from debt to equity and let be honest it's his money he's lossing ,he could turn around at any moment and write the rest off as other football club owners have done

Wez, He did it all for show and to put his name out there, he's run Cardiff City absolutely diabolical and you have to be honest and admit that.
Money wasted is beyond.

But worse of all he's hurt our fan base, which could hurt us for many many years to come.

He is the only owner who has put his money where his mouth is wrongly or rightly ,you can't deny that he has been the most successful owner we've had on the pitch for 50 years

Has he really though Wez? Hes put the money in but wants it all back so we are in limbo cos hes never going to get anyone to pay him for all his expensive mistakes.

Let's not forget that any side can call for a Summary Judgement for two reasons.

The first is the obvious one and seems to be the one that is now being talked about. Sam can call for the judgement as he believes the current evidence is so heavily in his favour that a trial would just be a waste of time and money.

The other one is when the side calling for the Summary Judgement do not want certain evidence brought to an open court. Sam may be HOPING for a win but the reason for summary judgement is to stop certain information coming out.

Suffice to say the summary judgement may be the best for both parties or at least they may both assume so.

I will state now, Tan will lose this court case and wasted £millions bringing it to court etc

Tan wasted £millions on the Rebrand,Players/ 6 CEO'S/Managers/Stadium over rebrand etc etc

All Facts.

But he's written off over 20 million already of HIS money also converted 6 million from debt to equity and let be honest it's his money he's lossing ,he could turn around at any moment and write the rest off as other football club owners have done

Wez, He did it all for show and to put his name out there, he's run Cardiff City absolutely diabolical and you have to be honest and admit that.
Money wasted is beyond.

But worse of all he's hurt our fan base, which could hurt us for many many years to come.

He is the only owner who has put his money where his mouth is wrongly or rightly ,you can't deny that he has been the most successful owner we've had on the pitch for 50 years

Has he really though Wez? Hes put the money in but wants it all back so we are in limbo cos hes never going to get anyone to pay him for all his expensive mistakes.

How do you know he wants it back ? He wrote off 13 million recently

So if tan refused to comply where would this leave Sam?

I will state now, Tan will lose this court case and wasted £millions bringing it to court etc

Tan wasted £millions on the Rebrand,Players/ 6 CEO'S/Managers/Stadium over rebrand etc etc

All Facts.

But he's written off over 20 million already of HIS money also converted 6 million from debt to equity and let be honest it's his money he's lossing ,he could turn around at any moment and write the rest off as other football club owners have done

Wez, He did it all for show and to put his name out there, he's run Cardiff City absolutely diabolical and you have to be honest and admit that.
Money wasted is beyond.

But worse of all he's hurt our fan base, which could hurt us for many many years to come.

He is the only owner who has put his money where his mouth is wrongly or rightly ,you can't deny that he has been the most successful owner we've had on the pitch for 50 years

Yes he has, boy in a sweet shop with to much money.

Could have been idolised by now and we could have been a strong PL side

Karl, Tan was like that, but in the last 2 years he's lost more than a 1/3 of his money.

I will state now, Tan will lose this court case and wasted £millions bringing it to court etc

Tan wasted £millions on the Rebrand,Players/ 6 CEO'S/Managers/Stadium over rebrand etc etc

All Facts.

But he's written off over 20 million already of HIS money also converted 6 million from debt to equity and let be honest it's his money he's lossing ,he could turn around at any moment and write the rest off as other football club owners have done

Wez, He did it all for show and to put his name out there, he's run Cardiff City absolutely diabolical and you have to be honest and admit that.
Money wasted is beyond.

But worse of all he's hurt our fan base, which could hurt us for many many years to come.

He is the only owner who has put his money where his mouth is wrongly or rightly ,you can't deny that he has been the most successful owner we've had on the pitch for 50 years

Has he really though Wez? Hes put the money in but wants it all back so we are in limbo cos hes never going to get anyone to pay him for all his expensive mistakes.

Correct Chris, he's lent it to us and now he wants it back ASAP.

I will state now, Tan will lose this court case and wasted £millions bringing it to court etc

Tan wasted £millions on the Rebrand,Players/ 6 CEO'S/Managers/Stadium over rebrand etc etc

All Facts.

But he's written off over 20 million already of HIS money also converted 6 million from debt to equity and let be honest it's his money he's lossing ,he could turn around at any moment and write the rest off as other football club owners have done

Wez, He did it all for show and to put his name out there, he's run Cardiff City absolutely diabolical and you have to be honest and admit that.
Money wasted is beyond.

But worse of all he's hurt our fan base, which could hurt us for many many years to come.

He is the only owner who has put his money where his mouth is wrongly or rightly ,you can't deny that he has been the most successful owner we've had on the pitch for 50 years

Has he really though Wez? Hes put the money in but wants it all back so we are in limbo cos hes never going to get anyone to pay him for all his expensive mistakes.

Correct Chris, he's lent it to us and now he wants it back ASAP.

I dont believe you Annis ,if he wanted it that bad marshel ,manga all of them would of been sold

So it looks like tan may be holding the ace cards,Sam wins ,he refuses
to pay and administration possibly?


Cardiff City fear administration if club loses impending court case over £5.7m debt
18:27, 25 JAN 2016 UPDATED 18:35, 25 JAN 2016
BY STEVE TUCKER
The club and Panama-registered Langston are to face off over £5.7m owed by the Bluebirds on £24m in loan notes


Harry Trump/Getty ImagesThe main entrance at the Cardiff City StadiumThe main entrance at the Cardiff City Stadium

Cardiff City could be plunged into administration if it loses its High Court case to main creditor Langston, WalesOnline has learned.

The doomsday scenario has emerged as the club and the Panama-registered organisation prepare to face off over £5.7m still owed by the Bluebirds on £24m in loan notes taken out by then-Bluebirds’ owner Sam Hammam from Langston back in 2004.




Hammam remains the representative for Langston and new owner Vincent Tan inherited the long-standing debt when he took over at the club.

Vincent Tan applauds his Cardiff City teamVincent Tan
Four years ago, the two parties reached agreement on a £22m settlement, to be paid in the form of £15m up-front, followed by £7m in £250,000 quarterly instalments over seven years.

High Court case
The Bluebirds had been honouring that, but last year suspended payments .

Tan and the club’s hierarchy, including chairman Mehmet Dalman, have always been concerned that, in their opinion, they do not know who is behind Langston.

Action Images / Lee MillsSam Hammam
When payments stopped Hammam and Langston filed a case in the High Court to attempt to retrieve the outstanding sum which could total as much as £6.7m now with interest and when legal costs are taken into consideration.

Financial Fair Play
Sources at the club have told us that if Langston are successful and demand immediate payment up-front, which could happen, the ramifications might be severe for the Welsh club.

More Cardiff City news: How Bellamy turned down manager's job

The Bluebirds, who are currently under a transfer embargo for breaching the Football League’s Financial Fair Play regulations, could find themselves unable to settle the amount, with the prospect then of the club being plunged into administration or even liquidation.

Ken Choo, Vincent Tan and Mehmet DalmanThe Cardiff City hierarchy - chief executive Ken Choo, owner Vincent Tan and chairman Mehmet Dalman
If the path of administration is followed, the first penalty would be to see the League dock Russell Slade’s Bluebirds 12 points this season, writing off any hopes of Premier League promotion and, in fact, putting them in danger of relegation to League One.

Cardiff have not yet been informed of the actual date of the hearing with Langston believed to have asked for a summary judgement to be made to expedite matters, but the case could now be heard as early as next week.

You do not have the required permissions to view the files attached to this post.

So it looks like tan may be holding the ace cards,Sam wins ,he refuses
to pay and administration possibly?

Cardiff City fear administration if club loses impending court case over £5.7m debt

if we went into administration tan would be fucked

Tan has now put in around £20m in shares and £13m of 'gifts' via loans he made and then wrote off.

Fact is, he's the only person to have invested real money into City.

Apart from a few million here and there with others everything else out in by everyone else was loans.

From what Keith has said it sounds like he's written more off now.

Sounds to me, as suspected that he's using the loans as a vehicle for trying to balance the books through annual debt to equity write offs.

To me he should be thanked for this, it's encouraging news.
Hell of a lot more to do yet mind.

I'm hoping the case gets sorted and he can do debt to equity on a load of it.

However, we've been there before with the summary judgement.
My guess is Sam will fail to tell the judge who Langston are and the Summary Judgement will be thrown out and things will drag out for years as we move toward s full court case.

Does this remind anyone of something from the past ?

It'd be nice if Sam would just write this final payment off.
His bit for the club that he professes to love.

how much interest did langstone charge
or do you think they put £24million in and only want £24 million back
just for the love of Cardiff city

Langston initially charged interest but it was written off as part of the deal giving the club to Ridsdale/PMG in 2006/7.

So to answer your question yes they (Langston) put £24m in and only want £24m back as per the 2013 agreement.

,

Where's your proof Langston has loaned us £24 million

So summary judgement wasnt awarding then

So summary judgement wasnt awarding then

No, they asked for more time, Judge has given them a week,they were hoping for months again.

Next week

how much interest did langstone charge
or do you think they put £24million in and only want £24 million back
just for the love of Cardiff city

Langston initially charged interest but it was written off as part of the deal giving the club to Ridsdale/PMG in 2006/7.

So to answer your question yes they (Langston) put £24m in and only want £24m back as per the 2013 agreement.

,

Where's your proof Langston has loaned us £24 million

Steve, Daft question, it was proved years ago Langston lent £24mill to City(in the accounts) .

how much interest did langstone charge
or do you think they put £24million in and only want £24 million back
just for the love of Cardiff city

Langston initially charged interest but it was written off as part of the deal giving the club to Ridsdale/PMG in 2006/7.

So to answer your question yes they (Langston) put £24m in and only want £24m back as per the 2013 agreement.

,

Where's your proof Langston has loaned us £24 million

It's in the accounts for crying out loud

So it looks like tan may be holding the ace cards,Sam wins ,he refuses
to pay and administration possibly?

Cardiff City fear administration if club loses impending court case over £5.7m debt

Do you honestly believe the Echo? they were saying it was £6.75mill, they read the forum and changed it to £5.75mill

They said Tan had removed a Director Michael Filiou, guess what he's still there

They did not even know there was a court case till they read this forum

So it looks like tan may be holding the ace cards,Sam wins ,he refuses
to pay and administration possibly?
Cardiff City fear administration if club loses impending court case over £5.7m debt

Do you honestly believe the Echo? they were saying it was £6.75mill, they read the forum and changed it to £5.75mill

They said Tan had removed a Director Michael Filiou, guess what he's still there

They did not even know there was a court case till they read this forum

Annis the truth is that Dalman is close to the Echo and put the the 'threat of administration' out in the media to put fear into fans and try and get a backlash against Sam Hammam.

It us so clear to see through I am embarrassed the club are naive enough to think that we are as fans are that gullible.