Cardiff City Football Club and the Langston Corporation are pleased to announce that an amicable resolution to the longstanding differences has been formally reached today, July 22, 2013.
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 Hammam, 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 for the future with optimism."
It has been agreed by all parties that the sole focus should be on building for the season ahead. Sam Hammam, as a 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 Hammam, Michael Isaac and Michael Filiou for their invaluable contributions to the confidential deal. Michael Filiou is joining the Board of Cardiff City Football Club.