Club Looks Forward To A New Era Of Financial Stability
National law firm Irwin Mitchell has acted for Cardiff City FC and its ultimate owner Vincent Tan on the long running Langston dispute which was settled last week.
Cardiff City FC and the Langston Corporation announced that an amicable resolution to their longstanding differences was formally reached.
Speaking of the news, Tan Sri Vincent Tan said, "I am grateful and indebted to Sam Hammam, Michael Isaac and Michael Filiou for their part in this resolution, which brings to a close a lengthy period of uncertainty.
This settlement allows us to look to a new era of financial stability, which should be celebrated by all connected to Cardiff City. I am delighted, primarily for the supporters of this great club that we can put this matter firmly behind us and plan for our future with confidence."
Sam Hamman said, "This resolution will rightly be regarded as a proud and historic occasion for all associated with Cardiff City Football Club. Now that an amicable agreement has been reached, thanks in most part to the vision of Tan Sri Vincent Tan and the important role of Michael Isaac and Michael Filiou, the club can now focus on the exciting Premier League season ahead, while building with the future with optimism."
It has been agreed by all parties that the sole focus should be on building for the season ahead. Sam Hamman as part of this resolution, will take up the honorary title of Life President at the club, while the board would like to place on record its gratitude and thanks to Tan Sri Vincent Tan, Sam Hamman, Michael Isaac and Michael Filiou for their invaluable contribution to the confidential deal. Michael Filiou is joining the Board of Cardiff City.
Jeremy Marshall, partner and Head of Commercial Litigation, London at Irwin Mitchell acted for Cardiff City FC and its owner Vincent Tan. Irwin Mitchell finance partner Simon Tweedle advised in relation to the financing aspects of the deal.
http://www.irwinmitchell.com/newsandmedia/2013/July/Irwin-Mitchell-Acts…
