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Langston Vs CCFC Goes On…

Langston Vs CCFC Goes On…
By Andrew Collins March 19 2008
The high profile court case between financier company Langston and Cardiff City Football Club looks set to continue after a court ruling deemed City don’t have to pay the £24m debt straight away.

Swiss financier company, Langston, are demanding that Cardiff City FC pay back £24m, (of the £31m they owe) instantly with the rest due by 2016, however the Club say they could not possibly afford to do so, and would throw them into administration, affecting them both financially and on the pitch, with a 10 point deduction.

Mr Justice Briggs, ruling the case, dismissed Langston's appeal, meaning the club and company have 8 weeks to work a settlement out of court before the case re-appears in the High Court.

What makes the case so complex is the ongoing stadium development, which is potentially at threat from Langston, and the more personal issue of Langston's owner, Sam Hamman, who was City's former Chairman.

Hamman's company loaned the football club £31 in 2004, and as to date, nothing has been repaid. While Mr Hamman is demanding the majority be paid immediately, the club say it is simply not possible, although they say it will be repaid by the original deadline date, 2016.

Whether the pair can sort out a settlement remains to be seen, and with just 2 months to agree before the case reappears in court, there is a lot of work to be done.

Should Langston win that case, likely to take place in the September, it's possible the club could go into administration, or even liquidation, and lose the ownership of their new Leckwith stadium. This would pave the way for Cardiff RFC to invest in the stadium, ensuring their own future at the ground, something that at present they don't have. Alternatively, the council could stump up the extra cash, or in what would be worst case scenario for Cardiff City FC, they would lose the Stadium altogether.

In lame-mans terms, the news today is good for CCFC, who now have a chance to appeal their case as well as a further 2 months to negotiate a suitable package with Langston. However, they still face the possibility of losing that case, so they are by no means out of the water just yet.


In other news, you can see a live web cam of the new Cardiff City and Cardiff Blues stadium going up by clicking Here.

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Re: Langston Vs CCFC Goes On…
Posted by: Cardiff Boo's (IP Logged)
Date: 19/03/2008 15:40

Move is on then the players seem certain of this as well.

Re: Langston Vs CCFC Goes On…
Posted by: S A Brained (IP Logged)
Date: 19/03/2008 21:37

Is thias a freudian slip?
In lame-mans terms[i][/i],


I'm not sure how good this news is for the Ninian park faithful or us!

The prolonged doubts hurt the City's plans and deter investment.

For us it keeps the genaral unclear nature of the whole mess bungling along. The board will feel justified if not informing us of anything because of the limbo state.

We needed a judgement loud and clear.

We now wait to see.

Re: Langston Vs CCFC Goes On…
Posted by: Bob Garage (IP Logged)
Date: 20/03/2008 07:45

slight inacuracies in the main article...

Quote:
Mr Justice Briggs, ruling the case, dismissed Langston's appeal, meaning the club and company have 8 weeks to work a settlement out of court before the case re-appears in the High Court.


Should Langston win that case, likely to take place in the September,

That is not the case! It is 8 weeks to work out a settlement before Langston can apply to take this to the high court. By the time it actual goes to court could be around 2 years down the line.



Quote:
Langston's owner, Sam Hamman

That has yet to be proven. It was alledged by the football club in court that this was the case, but as it was just a summary judgement this was not proven, although the alligation helped the judge decided that the summary judgement was not suitable for this case. We will not know if this is the case or not until it gets to cour (if it gets to court).

Re: Langston Vs CCFC Goes On…
Posted by: theArmsPark.co.uk Admin (IP Logged)
Date: 20/03/2008 10:54

From bbc.co.uk;

"Cardiff's former chairman Sam Hammam has been named by the club's barrister as the man behind Langston."

"The judge extended the time limit for Langston to renew its application for permission to appeal to the Court of Appeal until June 10."

Satanta Sports said that with football teams in the high court, they try and organize trials during the off season, likely to be September time.

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Re: Langston Vs CCFC Goes On…
Posted by: Bob Garage (IP Logged)
Date: 20/03/2008 11:30

thge summary judgement weas postponed twice due to langstons lawyers wanting more time tobuild a case (which still failed). The same will happen with a full trial, the time between now and September won;t be enough time and it will get postponed again and again.


Yes Cardiff Barristers named Hammam, but if you read last weeks news stories, what he actually said is "we believe he is behind Langston", at the moment it is just an alligation from the football club and no doubt if it went to full trial they would have to prove it.

Re: Langston Vs CCFC Goes On…
Posted by: swanseablue (IP Logged)
Date: 21/03/2008 12:50

as bob garage said hammam is suggested to be the man behind langston though this hasnt been proven beyond doubt yet.The actual case should it come tro rise will come about now unless langston and cardiff city fail to strike a deal of which it is in both parties interests to do so.The future of both rugby and football clubs should now remain secure whatever happens.

Re: Langston Vs CCFC Goes On…
Posted by: Reservoir Prop (IP Logged)
Date: 21/03/2008 13:10

Quote:
swanseablue
The future of both rugby and football clubs should now remain secure whatever happens.

eh? How do you work that out?

Here's a scenario for you. Hamman says "I don't want any egg-chasers on my stadium - you lot can sling your hook!"

Trouble is, he only wrestles control of CCFC say 2 years from now. In the mean time, Cardiff have moved and CAC have sold CAP off to a developer.

Cardiff Blues are then homeless.

I wouldn't call that secure. Would you?

Here's another one. By some miracle, CCFC get promoted to the Premiership. Suddenly, they start to throw their weight around and say, "Egg-chasers are ruining our pitch. B@gger off and play somewhere else!" In the meantime, CAC have sold off CAP and Cardiff Blues have nowhere to play.

I wouldn't call that secure either. Would you?

You see, because the Cardiff Blues are merely tenants, they have no rights at all. Sure Cardiff RFC Ltd are also tenants at CAP, but they HUGE difference is that they are the tenants of the largest share holder in the company. That sort of swings it in the long-term-security stakes.

Re: Langston Vs CCFC Goes On…
Posted by: Rocky (IP Logged)
Date: 21/03/2008 14:14

Agreed RP.

Re: Langston Vs CCFC Goes On…
Posted by: ExiledinStaffs (IP Logged)
Date: 21/03/2008 14:26

Isn't there something like a 25 year contract? Surely the two 'CCFC throwing their toys out the pram' arguments will be in breach of contract?

Re: Langston Vs CCFC Goes On…
Posted by: swanseablue (IP Logged)
Date: 21/03/2008 21:29

Thats not possible reservoir prop/rocky. hamman now has no stake in the club and no involvement in the arrangments regarding the stadium., he is merely trying enact some petty form of revenge on the football club through representating a corporation that is trying to get early return on payments that have already been agreed in contract by CCFC and Langston.They haven't got a leg to stand on!

The cardiff blues wouldnt get thrown out of the new stadium , the board of cardiff stadium limited includes Mike Hall who through his work and that of the council has brought about the issue of ground-sharing and created an agreement in principle for city and the blues to share though this hasnt been agreed. The council wouldnt have agreed to the stadium being built if hamman had any involvment in the stadium , this was the orginal stumbling block behind getting planning permission. The counci lwant the share and will do what they can to preserve that

Re: Langston Vs CCFC Goes On…
Posted by: S A Brained (IP Logged)
Date: 21/03/2008 22:10

So Cardiff City, as potential landlords, can't pull out of the proposed lease. Esspecially if the present CCFC is would up and a new buyer eg Cardiff City 2008 Ltd main shareholder Langstone is in the box seat?

Re: Langston Vs CCFC Goes On…
Posted by: Reservoir Prop (IP Logged)
Date: 21/03/2008 23:35

Quote:
swanseablue
Thats not possible reservoir prop/rocky. hamman now has no stake in the club and no involvement in the arrangments regarding the stadium., he is merely trying enact some petty form of revenge on the football club through representating a corporation that is trying to get early return on payments that have already been agreed in contract by CCFC and Langston.They haven't got a leg to stand on!
The cardiff blues wouldnt get thrown out of the new stadium , the board of cardiff stadium limited includes Mike Hall who through his work and that of the council has brought about the issue of ground-sharing and created an agreement in principle for city and the blues to share though this hasnt been agreed. The council wouldnt have agreed to the stadium being built if hamman had any involvment in the stadium , this was the orginal stumbling block behind getting planning permission. The counci lwant the share and will do what they can to preserve that

How do you know that Hamman is not trying to wrestle hold of the soccer club again?

Mike Hall resigned from the board, didn't he?

"do what they can" .... you're not filling me with confidence here. Hamman has made it clear on many occasions that he doesn't like the egg chasers. Yet he's the one holding the purse strings.

Thomas and Norster are simply bonkers to move in with this lot. You've got clubs like Bristol moving away from being tenants of a football club, yet they are actively promoting the complete opposite.

Short sighted .... dreadful.

Re: Langston Vs CCFC Goes On…
Posted by: swanseablue (IP Logged)
Date: 22/03/2008 13:29

There wont be a football club if hamman tries to be put in charge. In the very unlikely event the club lost it could go into admin and possible liquidation.Following the judgement now the club is more popular to investors, ridsdale said as soon as he delivers the stadium he will sell up his share, its stock can only rise, provided they maintain or improve their championship status.Hamman would face some very stiff competition!

No . Hamman does not hold the purse strings, the money paying for the stadium is in a separate account to which hamman and langston have no access.The stadium will go ahead unconidtionally, go see its building in progress.....

Mike Hall is not part of the cardiff city board anymore no but is on PMG's board who are the stadium's backers, and have a major say in the financing of the stadium,i.e blues groundsharing .

Bristol RFC moving away from the football club EH?????? As far as I knew both clubs were just temporarily moving out of the memorial ground while it gets redeveloped as from what I saw of the place in January is not before time!

What about Wasps/Wycombe, Reading ,L.Irish or even the Ospreys/Swans seem to do quite well?

Arms Park is great but its crumbly ,old and if the region want to develop then the new stadium can see it happen.Times they are a changin'.....

Re: Langston Vs CCFC Goes On…
Posted by: theArmsPark.co.uk Admin (IP Logged)
Date: 22/03/2008 15:00

I'm staying out of this arguament, it's been done time and time again and i think everyone knows where i stand. I don't mind leaving the Arms Park, but only if it were to go to a stadium of our own, much like the Scarlets are doing. I really don't want to share with city, but its looking pretty inevitable now anyway.

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Re: Langston Vs CCFC Goes On…
Posted by: theArmsPark.co.uk Admin (IP Logged)
Date: 22/03/2008 15:00

And yes, Mike Hall resigned.

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Re: Langston Vs CCFC Goes On…
Posted by: Rocky (IP Logged)
Date: 22/03/2008 20:58

Quote:
swanseablue
What about Wasps/Wycombe, Reading ,L.Irish or even the Ospreys/Swans seem to do quite well?
Arms Park is great but its crumbly ,old and if the region want to develop then the new stadium can see it happen.Times they are a changin'.....

Your post was fine until here. Please, can we stop equating our situation to the Ospreys and Swansea? The last paragraph spoils it too.

Re: Langston Vs CCFC Goes On…
Posted by: Reservoir Prop (IP Logged)
Date: 24/03/2008 00:23

Quote:
swanseablue
i.e blues groundsharing .
Bristol RFC moving away from the football club EH?????? As far as I knew both clubs were just temporarily moving out of the memorial ground while it gets redeveloped as from what I saw of the place in January is not before time!

What about Wasps/Wycombe, Reading ,L.Irish or even the Ospreys/Swans seem to do quite well?

Arms Park is great but its crumbly ,old and if the region want to develop then the new stadium can see it happen.Times they are a changin'.....

Why do you write "groundshare"? CRFC Ltd will be TENANTS. "Groundshare" suggests 50% ownership - "sharing". It's the same misleading language used by Norster.

My buddies at Bristol tell me that the rugby club are desperate to move away from being tenants of the soccer side. They are tired of playing second fiddle and have had their asset taken away from them. When they see the development of Kingsholm and even Bath getting their own stadium, it rankles even further.

Wasps have members on the board of Wycombe and are paying for the development of the stadium. Now that's a definition of groundsharing.

If Reading kicked London Irish out, then there'd be a string of other stadia they could play in. This gives the rugby team a lot of bargaining power. CRFC Ltd will NOT have this power - CCFC will have them by the nuts.

As the Neath/Swansea amalgamation was forced to find a new "independent" ground, it came as no surprise that they chose the Library,

Gloucester, Bath, Leicester, Wasps, Harlequins, Llanelli, Newport and Worcester have all learned the lessons that a club needs its own ground.

I despair at the short-termism amongst supporters, led by Thomas and Norster and aided by the Welsh media that somehow says renting is better than owning - a trend that I thought has been dead and buried in Britain since the 1980s.

Re: Langston Vs CCFC Goes On…
Posted by: Reservoir Prop (IP Logged)
Date: 24/03/2008 00:25

Quote:
swanseablue
Arms Park is great but its crumbly ,old and if the region want to develop then the new stadium can see it happen.Times they are a changin'.....

Why should the fact that I'm against being tenants of a soccer club mean that I don't want to see CAP developed?

Flawed logic on your behalf.

Re: Langston Vs CCFC Goes On…
Posted by: Rocky (IP Logged)
Date: 24/03/2008 10:43

Quote:
Reservoir Prop
As the Neath/Swansea amalgamation was forced to find a new "independent" ground, it came as no surprise that they chose the Library,

With an equal influence to that of the Ospreys.

Saracens are another example of a rugby club that's hardly enjoying being a tennant of a football club.

Re: Langston Vs CCFC Goes On…
Posted by: S A Brained (IP Logged)
Date: 24/03/2008 22:20

Swansea Blue the court case is still "open" so what will be is unclear.

If CCFC win then it is full steam ahead.

IF Langstone win then it could well be game over for the present CCFC and a new club might rise from the ashes. Langstone (posibly SH) could be the owners.

The third senario is a compromise wit hany number of outcomes.

so wh ocan tell.

Re the groundshare as Rocky and RP tell you it is no such thing its a landlord & tenant relationship - very different indeed.

In England all is not well at the clubs where rugby plays second fiddle to the football. I have email from more than one club where they find the restrictions and lack of support from their footballing "partner" to hamper their business.

Move to SdR, move to our own new stadium or stay and develop CAP; Which is best? I do not know. I do think the club should properly look into the options before jumping into a contract with the city.

Re: Langston Vs CCFC Goes On…
Posted by: Cardiff Boo's (IP Logged)
Date: 25/03/2008 13:13

£500k a season rent
4 Days clear for the pitch to be ok for soccer
Loss of CAP income == £1m
Loss of a lot of support due to location
Max 18 games allowed a season
Main sporting competitor financed off the back of the deal

Re: Langston Vs CCFC Goes On…
Posted by: Reservoir Prop (IP Logged)
Date: 26/03/2008 01:09

Quote:
Cardiff Boo's
Main sporting competitor financed off the back of the deal

This is a good point which the Welsh press conveniently ignores. The fellas I stand/stood with on the North Terrace often talked about "The City" as alternative entertainment.

When fathers have a choice of taking little Billy to watch the Wendyball (vs well know players) or the egg chasers (vs Connacht and the Scots), wonder which option Billy will want?

Re: Langston Vs CCFC Goes On…
Posted by: swanseablue (IP Logged)
Date: 26/03/2008 14:08

Sounds like you stand next to some unusually well balanced individuals there reservoir prop,if they see the city as alternative entertainment.

When I was said 'little billy' in the not too distant past i would plague my dad to take me to the CAP one week for a swalec cup match against resolven and then the following week down NP for a div 4 game v the likes of rochdale It didnt matter for me who was playing I enjoyed both the round and oval ball games for what they are, and i loved watching them both.I must have driven him mad as a brummie with no interest in either !
I, for the life of me remember who played half the time or even what the results were, it was the joy of the experience and watching two committed sides going at it hell on leather that was the entertainment for me, im sure there are many families here who feel the same.

One thing if the two clubs share the stadium , then the two teams will cease to become a 'SPORTING COMPETITOR', people will no longer be faced by such a choice on a regular basis.

I am told similiar by my jack/hairsprays friends down here.A cardiff RFC club house would be a good addition to the new stadium.I wonder if hall could arrange planning permission????

Re: Langston Vs CCFC Goes On…
Posted by: theArmsPark.co.uk Admin (IP Logged)
Date: 26/03/2008 14:12

Well hall's left, so i doubt that'll work. But yes, that's one of my most upsetting features that wil be lacking at the new stadium. However, have you seen teh Mil Stad/Liberty? It will be the same as those, some lifless conctrete Carling bars at £3.0 a pint.

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Re: Langston Vs CCFC Goes On…
Posted by: Rocky (IP Logged)
Date: 26/03/2008 17:24

Quote:
swanseablue
One thing if the two clubs share the stadium , then the two teams will cease to become a 'SPORTING COMPETITOR', people will no longer be faced by such a choice on a regular basis.

Pardon? Do you buy season tickets for both?

Re: Langston Vs CCFC Goes On…
Posted by: Reservoir Prop (IP Logged)
Date: 27/03/2008 01:23

Quote:
swanseablue
One thing if the two clubs share the stadium , then the two teams will cease to become a 'SPORTING COMPETITOR', people will no longer be faced by such a choice on a regular basis.

Unless we are talking about families with infinite wealth, I don't think you could be more wrong.

If you have a close competitor, then what you need to do is to emphasise the differences (advantages?) of your product.

That's why Sainsbury's sell Sainsbury's baked beans in Sainsbury's and not in Tescos.

Re: Langston Vs CCFC Goes On…
Posted by: Cardiff Boo's (IP Logged)
Date: 27/03/2008 08:58

This isn't just copetition for fans think about sponsors etc.

Re: Langston Vs CCFC Goes On…
Posted by: StockyBlue (IP Logged)
Date: 29/03/2008 17:17

Did anyone see the quadmire of a pitch at Stockport last night for the Sale v (mud) Bath? (Sm100) How the h*ll are they going to play any decent passing football on that pitch after the state it was left in?

Master plan.....just show the video of that game to the board at CCFC and we haven't got a hope of them wanting to rent the Stadium to us for our games......oh dear!!!!(Sm147)

Re: Langston Vs CCFC Goes On…
Posted by: Bob Garage (IP Logged)
Date: 31/03/2008 15:39

Quote:
StockyBlue
Did anyone see the quadmire of a pitch at Stockport last night for the Sale v (mud) Bath? (Sm100) How the h*ll are they going to play any decent passing football on that pitch after the state it was left in?
Master plan.....just show the video of that game to the board at CCFC and we haven't got a hope of them wanting to rent the Stadium to us for our games......oh dear!!!!(Sm147)

They are putting in a specially designed/grown pitch in to cater for both sports. It is the CCFC board that have opted for the pitch with both sports in mind after seeing whats on the market to cope with both football and rugby being played. The CCFC board are doing this with rugby in mind!

Stockport/Sale don't use that type of pitch at the moment.

For expamples of it look at Hull and Watford.

the pitch won't be an issue at the new stadium.

Re: Langston Vs CCFC Goes On…
Posted by: Reservoir Prop (IP Logged)
Date: 01/04/2008 13:10

I don't know much about these pitches but I thought I remembered reading that Vicarage Road was a bog.

[findarticles.com]

Now of course a new pitch may have been laid since then, so I'm happy to be corrected.

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