PMG NEED TO ACT NOW

They need to renegotiate their monthly repayments to help this club off it's knees because it is quite obvious that they are not putting anything in but continue to take out.

The club could do without the costs of paying them every month and it would help the club to receive the Premier seating money too. I am not suggesting they should forego their money but they should at least give the club some breathing space and help the Malaysians to deal with other creditors.

Does anyone agree with me ?

Totally agree!

Carl, do you know if the deals offered for ledley and bellamy were serious ones? If they were and they had come off where would we be now?

100% AGREE Carl, But they wont and they dont give a Toss for Our Club, WE MADE A MISTAKE WHEN WE MARCHED AGAINST THE RIDDLER, WE SHOULD OF MARCHED AGAINST THE " WHOLE BOARD ".

I said this on Friday

The silence from the powers that be is deafening at the moment. All we hear is disscontent from fans and some players. Our manager could be heading for pastures new along with some of our better players I suspect. We are still under a transfer embargo. Creditors still have to be sorted especially Langston and other football clubs whoever they are (Sunderland,Charlton, Motherwell maybe Dagenham). There's another tax bill to pay very soon. The good name of Cardiff City is being dragged through the mud and we are quickly becoming the laughing stock of British football. I hope the Malaysians are reading this and other boards so that they can see the extent of the disscontent. They have to wake up to the situation and quickly and as for the other board members and major shareholders if you dont intend helping Cardiff City football club time to ship out I think. What I mean by this is that the fans have made sacrifices for the good of the club i.e buying season tickets early all 17,000+ of us. Creditors are making sacrifices i.e. allowing us to make staged payments and yes I include Sam/Langston in this. Players are being asked to make sacrifices i.e defer payment of bonuses etc until the end of the season, however we do not hear of the likes of PMG suspending payments in the short term to help cash flow, likewise Michael Isaacs. If these people have the best interests of the club at heart then they need to be seen to be doing something positive not just taking their monthly payments, if not just go. This club depends on its fans and we know how fickle they can be. Those 17.000 season ticket holders, many of whom only bought them to get on what looked like a success bandwagon could quickly diminish to a 6,000 hardcore for next season if things dont improve. Then we will be on a very steep slippery slope. All those people in Power at the CCS and all those major shareholders wake up and smell the coffee.

I would also add if what people on here say is true and Sam really has the best interests of Cardiff City at heart then maybe he should allow Cardiff a payment holiday of say 6 months to allow us time to get on out feet.

maybe a new demo is needed?

I said this on Friday

The silence from the powers that be is deafening at the moment. All we hear is disscontent from fans and some players. Our manager could be heading for pastures new along with some of our better players I suspect. We are still under a transfer embargo. Creditors still have to be sorted especially Langston and other football clubs whoever they are (Sunderland,Charlton, Motherwell maybe Dagenham). There's another tax bill to pay very soon. The good name of Cardiff City is being dragged through the mud and we are quickly becoming the laughing stock of British football. I hope the Malaysians are reading this and other boards so that they can see the extent of the disscontent. They have to wake up to the situation and quickly and as for the other board members and major shareholders if you dont intend helping Cardiff City football club time to ship out I think. What I mean by this is that the fans have made sacrifices for the good of the club i.e buying season tickets early all 17,000+ of us. Creditors are making sacrifices i.e. allowing us to make staged payments and yes I include Sam/Langston in this. Players are being asked to make sacrifices i.e defer payment of bonuses etc until the end of the season, however we do not hear of the likes of PMG suspending payments in the short term to help cash flow, likewise Michael Isaacs. If these people have the best interests of the club at heart then they need to be seen to be doing something positive not just taking their monthly payments, if not just go. This club depends on its fans and we know how fickle they can be. Those 17.000 season ticket holders, many of whom only bought them to get on what looked like a success bandwagon could quickly diminish to a 6,000 hardcore for next season if things dont improve. Then we will be on a very steep slippery slope. All those people in Power at the CCS and all those major shareholders wake up and smell the coffee.

I would also add if what people on here say is true and Sam really has the best interests of Cardiff City at heart then maybe he should allow Cardiff a payment holiday of say 6 months to allow us time to get on out feet.

Sorry Aliens I missed that post but I totally agree with your thoughts and sentiments

100% AGREE Carl, But they wont and they dont give a Toss for Our Club, WE MADE A MISTAKE WHEN WE MARCHED AGAINST THE RIDDLER, WE SHOULD OF MARCHED AGAINST THE " WHOLE BOARD ".

You are spot on there Annis, The whole board except Steve Borley of coarse. But the thought of those egg chasers raping our club day after day week after week year after year its soul destroying. I hate the way these twats come into our club and destroy it from within,and without mercy because they hate football so much its a danger to there cherished number one sport RUGBY. Personally i would join another march tomorrow if it was to get those leeches out of our club and out of our SPORT.

No, I disagree. You could say the same about Sam Hammam, michael Isaacs (biggest rat of them all) or any number of creditors. No doubt PMG are at the end of their time at CCFC but why not apply it to the rest. Hammam is hardly bending over bacwards to help out his baby is he?

I agree with carl and with Langston are the club not in discussions with them to sort it out, maybe their are making it better for the club.

They need to renegotiate their monthly repayments to help this club off it's knees because it is quite obvious that they are not putting anything in but continue to take out.

The club could do without the costs of paying them every month and it would help the club to receive the Premier seating money too. I am not suggesting they should forego their money but they should at least give the club some breathing space and help the Malaysians to deal with other creditors.

Does anyone agree with me ?

PMG's strategy appears to be "get what we can while we can"

they care f**k all for this club.

I now think TG and VT are totally pissed off and feeling hoodwinked by the cunts.

I hate PMG with a passion.

Carl, we need to forget about PMG and the rest of the board. It seems clear to me that the reason why
the Malaysians are not buying any more shares or putting more money into the club is beacause it is going
to be thrown away on the creeps already on the board, and, i'm afraid, the Malaysians WILL not be putting any
more money in until those bastards cough up, which we know will not happen.
I've said it before and i'll say it again, the board, bar none and including Borley, will not fund this club. They are in it to take out and that is about it. Not a lover of Sam personally, but i'll bet those bastards on the board are shitting themselves thinking Sam might come back - beacause he knows them and how corrupt and thieving bastards they are.

Rant over - bring on the season and in the words of scooter "we're jumping all over the world"

Carl, we need to forget about PMG and the rest of the board. It seems clear to me that the reason why
the Malaysians are not buying any more shares or putting more money into the club is beacause it is going
to be thrown away on the creeps already on the board, and, i'm afraid, the Malaysians WILL not be putting any
more money in until those bastards cough up, which we know will not happen.
I've said it before and i'll say it again, the board, bar none and including Borley, will not fund this club. They are in it to take out and that is about it. Not a lover of Sam personally, but i'll bet those bastards on the board are shitting themselves thinking Sam might come back - beacause he knows them and how corrupt and thieving bastards they are.

Rant over - bring on the season and in the words of scooter "we're jumping all over the world"

Im more f*cking scared for this club now than i've ever been

PMG have f*cking fleeced us of all our assets and we are still in hock to them
for 9 million quid. No wonder they were happy to let Ridsdale have a free rein.
It took the spotlight off them. I have this horrible fear that TG and his lot came
on board eyes wide open but not realising that PMG are ONLY arsed about getting
more out of the club, and putting f**k all in!!

Has TG decided that he is NOT going to pump money in that is going to be taken straight
out by people that are supposed to be on the same team???

It stinks to me now of "lets get out of Dodge!!!"

Those who are anti-Sam coming back?

well love him or hate him, I think the only chance we have now is for Sam Hammam to
accept shares/a seat on the board in exchange for the bulk of the Langstone debt!!

If he does do something like that then surely nobody could ever doubt his commitment to this
club ever again!!.... Cos every penny owed that he converts to shares is surely money lost unless
the club recovers?? Or am i wrong?
am I wrong

Are we just paying PMG interest at the moment per month? And does anyone know what percentage?

To be honest I'm more worried about Sam than pmg.
Carl has said his debt goes up to 24m end of the year. Others have said between 15-24m. Sam has taken us to court before. Pmg wouldn't as it wouldn't help them.

I'd like rid of pmg and Sam but I'd rather rid of sans debt than pmgs at the moment?

Are we just paying PMG interest at the moment per month? And does anyone know what percentage?

To be honest I'm more worried about Sam than pmg.
Carl has said his debt goes up to 24m end of the year. Others have said between 15-24m. Sam has taken us to court before. Pmg wouldn't as it wouldn't help them.

I'd like rid of pmg and Sam but I'd rather rid of sans debt than pmgs at the moment?

PMG are getting 5% above base at the mo (so lucky base is only 0.5%).

They are bing paid in installments between now and Aug 2013.

£2.7m of their debt could be turned into shares at any time in the next 12 months or so by the club.

Its not clear exactly how much we owe them as I'm not sure if the figure quoted included the £1.8m we sold the land to them for. It could be anything from £7.5m to £9.5m.

Not to bad then really as they are not asking for all of it back by the end of the year.

Have we been paying Sam his monthly interest?

To me Sam and that debt is a much bigger worry than pmgs that seems under control.

Are we just paying PMG interest at the moment per month? And does anyone know what percentage?

To be honest I'm more worried about Sam than pmg.
Carl has said his debt goes up to 24m end of the year. Others have said between 15-24m. Sam has taken us to court before. Pmg wouldn't as it wouldn't help them.

I'd like rid of pmg and Sam but I'd rather rid of sans debt than pmgs at the moment?

With Langston it is a case of whether the club defaulted on the 2nd agreement or not and the reason that Langston took the club to court was to determine whether the 1st or 2nd agreement was the legally binding one, Langston believe that the club has defaulted otherwise there would never have been a court case for a summary judgement, so if the club do not pay the £10 million by the end of Dec 2010 then the amount goes to £24million, but if the 2nd agreement is legally binding then it will become £15million but either way it rises dramatically.

Would PMG take the club to court if they were not receiving a penny of their money over a 4 year period ?

My guess would be - of course they would !

Yeah they would but I'm talking for this year.

Surely pmg know it's in the clubs interest to get rid of the langston debt, if it goes up in jan we are fcked unless a new agreement in done.

I don't like pmg but to me it seems getting rid of Langston for now is
More important or at least getting rid of the debt.

Yeah they would but I'm talking for this year.

Surely pmg know it's in the clubs interest to get rid of the langston debt, if it goes up in jan we are fcked unless a new agreement in done.

I don't like pmg but to me it seems getting rid of Langston for now is
More important or at least getting rid of the debt.

We have heard that PMG receive interest payments of £90k p/m from the Premier Seating.

They loaned the club £9m in January 2007. From Feb 07 to June 10 is 30 months. 30 x 90,000 = £2.7m

Not bad work if you can get it.

Agreed, I'm not saying we don't need rid of pmg but it seems Langston. Should be a priority.

Yeah they would but I'm talking for this year.

Surely pmg know it's in the clubs interest to get rid of the langston debt, if it goes up in jan we are fcked unless a new agreement in done.

I don't like pmg but to me it seems getting rid of Langston for now is
More important or at least getting rid of the debt.

We have heard that PMG receive interest payments of £90k p/m from the Premier Seating.

They loaned the club £9m in January 2007. From Feb 07 to June 10 is 30 months. 30 x 90,000 = £2.7m

Not bad work if you can get it.

I think this payment (£90k) would include an element of Capital at today's rates Tony. Interest would only be about £400k p.a at the moment.
The agreement now is staged payments until Aug 2013, at which point they will be fully paid up.

I said this on Friday

The silence from the powers that be is deafening at the moment. All we hear is disscontent from fans and some players. Our manager could be heading for pastures new along with some of our better players I suspect. We are still under a transfer embargo. Creditors still have to be sorted especially Langston and other football clubs whoever they are (Sunderland,Charlton, Motherwell maybe Dagenham). There's another tax bill to pay very soon. The good name of Cardiff City is being dragged through the mud and we are quickly becoming the laughing stock of British football. I hope the Malaysians are reading this and other boards so that they can see the extent of the disscontent. They have to wake up to the situation and quickly and as for the other board members and major shareholders if you dont intend helping Cardiff City football club time to ship out I think. What I mean by this is that the fans have made sacrifices for the good of the club i.e buying season tickets early all 17,000+ of us. Creditors are making sacrifices i.e. allowing us to make staged payments and yes I include Sam/Langston in this. Players are being asked to make sacrifices i.e defer payment of bonuses etc until the end of the season, however we do not hear of the likes of PMG suspending payments in the short term to help cash flow, likewise Michael Isaacs. If these people have the best interests of the club at heart then they need to be seen to be doing something positive not just taking their monthly payments, if not just go. This club depends on its fans and we know how fickle they can be. Those 17.000 season ticket holders, many of whom only bought them to get on what looked like a success bandwagon could quickly diminish to a 6,000 hardcore for next season if things dont improve. Then we will be on a very steep slippery slope. All those people in Power at the CCS and all those major shareholders wake up and smell the coffee.

I would also add if what people on here say is true and Sam really has the best interests of Cardiff City at heart then maybe he should allow Cardiff a payment holiday of say 6 months to allow us time to get on out feet.

Excellent post....why don't you make sure that the Malaysians read this by emailing it to TG. Someone on here must have his email address. I think they need to know that we as fans are right behind them but we need to know what is happening down at our Club....THE TRUTH. All of these rumours are no good for the Club and like you say our fan base is high at the moment but most of them are fairly recent so don't have the depth of feeling that most of us oldies have and could disappear just as fast as they came on board.

Yes, 100%.

StT.

I think this payment (£90k) would include an element of Capital at today's rates Tony. Interest would only be about £400k p.a at the moment.
The agreement now is staged payments until Aug 2013, at which point they will be fully paid up.

This is what I dont understand, the debt to PMG seems to be under control and while we may not like them as eggchasers its under control.

While Sams debt is going to cripple us if his 10m is not paid up by Jan 2011.

Im much much more concerned about Langston/Sams debt than I am PMG's.

So thats why I struggle to see why everyone is so massively concerned with PMG at the moment, other than they are eggschaser (and yes they have done well out of us) they are under control.

I think this payment (£90k) would include an element of Capital at today's rates Tony. Interest would only be about £400k p.a at the moment.
The agreement now is staged payments until Aug 2013, at which point they will be fully paid up.

This is what I dont understand, the debt to PMG seems to be under control and while we may not like them as eggchasers its under control.

While Sams debt is going to cripple us if his 10m is not paid up by Jan 2011.

Im much much more concerned about Langston/Sams debt than I am PMG's.

So thats why I struggle to see why everyone is so massively concerned with PMG at the moment, other than they are eggschaser (and yes they have done well out of us) they are under control.

The answer to that one is simple 2blue. Try not paying PMG a penny for 5 years and see what happens. Do you honestly think they would be as patient as Sam has been?

The answer to that one is simple 2blue. Try not paying PMG a penny for 5 years and see what happens. Do you honestly think they would be as patient as Sam has been?

We aint talking about 5 years time though, we are talking about now and surviving.
Even if we pay off PMG tomorrow and they go...horray, good news but we still have the bigger problem of Sams debt going from 10m up to between 15/24m depending on what you read. Surely its much more of a short term concern than PMG's money?

The answer to that one is simple 2blue. Try not paying PMG a penny for 5 years and see what happens. Do you honestly think they would be as patient as Sam has been?

We aint talking about 5 years time though, we are talking about now and surviving.
Even if we pay off PMG tomorrow and they go...horray, good news but we still have the bigger problem of Sams debt going from 10m up to between 15/24m depending on what you read. Surely its much more of a short term concern than PMG's money?

Yes it is more of a concern, of course it is, we've had years to make payments to Sam yet despite lots of meetings and deals no moeny has gone his way. On the other hand PMG have been paid on the dot every time. I wasn't talking about 5 years time, I was refering to the 5 years gone that Sam has waited for payments to be honoured. He's not received anything, #pmg have all along yet Sam is the bad guy? How do you work that one out? Why not stop paying pmg and directing those payments to Sam? Then perhaps pmg will be seen in truer colours.

Yes it is more of a concern, of course it is, we've had years to make payments to Sam yet despite lots of meetings and deals no moeny has gone his way. On the other hand PMG have been paid on the dot every time. I wasn't talking about 5 years time, I was refering to the 5 years gone that Sam has waited for payments to be honoured. He's not received anything, #pmg have all along yet Sam is the bad guy? How do you work that one out? Why not stop paying pmg and directing those payments to Sam? Then perhaps pmg will be seen in truer colours.

I think you have missed my point completely, ive not said Sam is the bad guy or PMG are the good guys.
Personally I dont want Sam back and want rid of PMG but im talking about the future of the club not personal preferences or who I like/dislike. PMG's loans are secured and Sams are not.
PMG's payment seem under control and Sams is far from under control.
If i had a choice I would rather rid of Sams debt because if we dont pay it by the end of the year we are truely fcked lets be honest.

So from that I simply dont understand why so many are obsessing over PMG when it will be Sams loan that will cost the club if we dont pay it back asap or if we dont agree a new deal. I want rid of PMG but they dont worry at the moment, Sams debt worries me a lot.

i thought PR PETE said the stadium debt was virtually paid off already?? so how much do we actually still owe PMG??

i thought PR PETE said the stadium debt was virtually paid off already?? so how much do we actually still owe PMG??

I thinks its about £9 million.