right take this with a pinch of salt as it was posted on AAMB
but it makes interesting if not frightening reading
(scuse the c&p)
YESTERDAY, TODAY AND TOMORROW
by carlccfc » Wed Jun 30, 2010 8:11 pm
Yesterday I created a thread about the club being in crisis, it is in crisis a management crisis, nobody has control down there.
Yesterday in the very thread I told how Langston must be paid £10 million by the end of the year or it reverts back to £24 million I will explain how and why.
1. There has been 3 agreements with Langston, the first of which was an unsecured loan of £24 million taken out by Sam but not against the club, when the council were in talks with the club over the land for the new stadium they told the club that it could afford a debt of £24 million an dto work it on it.
2. That is why the 2nd agreement came into place, it was £15 million and then £9 million for stadium naming rights, this was done to satisfy the council but the amount remained at £24 million for Langston, whether the 2nd agreement is legally binding is a matter for the courts because of certain actions.
3. The 3rd agreement is the latest one that we all know has been written down to £10 million but due to the incompetence of our previous chairman this agreement has never been signed off, it was agreed but never signed, so that leaves Langston in the driving seat, they could have at any time called in the £24 million but they have remained patient for the good of the club. So it will be £24 million at the end of the year and not increasing to £11 million, then £12 million and so on, this will become public knowledge.
Yesterday I told how we must pay Sunderland £1.5 million for the remainder of the deal, it was reported differently by our then Chairman Peter Ridsdale but today the press backed up my claims exactly.
Today I received a message from TG after he read my Club in Crisis post and I am pleased at his response, here is Tg's message :
"We came through when the club needed the support most. And now you can imagine that we are wading thru 5years of a previous regime.
It is not an easy task. We are 36per cent and have put in 6m pounds as promised.
All I ask at this stage is rally round to support this club and help us undo 5years of the previous setting. We have to do this together whether as a fan, shareholder, employee and so on.
We have the resolve and I want the fans to have the resolve to. We need all the support we can get."
Best regards,
Tg
So I have asked many times for everyone to be patient and there TG is asking to for the fans support and resolve, these malaysians are in it for the long haul let's support them.
Tomorrow, the solution will become more apparent, in tomorrow's Echo there will be big headlines on Sam Hammam and the possibility of his return to Cardiff City, I would welcome Sam's return because Sam cares for our club, Sam knows football and how to succeed in it.