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Post by Macmoish on May 31, 2011 12:36:36 GMT
Cardiff Official Site
CLUB STATEMENT: FUTURE STEPSPosted on: Tue 31 May 2011 Following a series of meetings held with Tan Sri Vincent Tan and Chairman Dato Chan, the Club can confirm it has made significant progress in reaching agreements with historical creditors including PMG. Reaching a satisfactory agreement with Langston remains the Clubs prime focus but continues to prove difficult in light of the stance taken by Mr Sam Hammam representing Langston, notwithstanding the number of alternatives being offered by the Club. The circumstances behind the original loan and the application of the funds remain difficult to establish to the satisfaction of the Board and as a result the Club has engaged third party forensic accountants to further investigate the issue of validating the legitimacy of the loans and expenditure incurred when the Club was under the full management control of Mr Sam Hammam. In order to put the record straight we can also reassure the supporters of the Club that as part of these negotiations, Mr Sam Hammam representatives will not return in a capacity as Director of football or something similar. Tan Sri Vincent Tan and Chairman Dato Chan have also confirmed that they will continue to support the Club with the stated aim of once again challenging for promotion. www.cardiffcityfc.co.uk/page/NewsDetail/0,,10335~2369348,00.html
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Post by gibraltar on May 31, 2011 14:39:07 GMT
lol they love challenging for promotion.
why not just get promoted... y'no, like qpr did(!)
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