kidder_wolf Posted 14 August 2007 Posted 14 August 2007 Just been on SSN that there backers aint happy about how the club is being run and said they owe more than £30m. Nevermind Mr Ridsdale.
Head Honcho Posted 14 August 2007 Posted 14 August 2007 Just been on SSN that there backers aint happy about how the club is being run and said they owe more than £30m.Nevermind Mr Ridsdale. So the £12 I was gonna give them tonight may have come in handy after all
act smiley Posted 14 August 2007 Posted 14 August 2007 From a statement on Cardiff's website basically denying everything: " The new Board of Cardiff City Football Club and Cardiff City Council have for some time been trying to identify who Langston is and have continually come up against a brick wall. Far from refusing to talk to them, we don't know who they are. Mr Hammam our previous Chairman had been acting as the intermediary with Langston and we have been in constant dialogue with him. Indeed he has always refused to divulge the identity of Langston and therefore we could have never had any direct dialogue with them." Its like a soap opera or something.
Nick Posted 14 August 2007 Posted 14 August 2007 Just been on SSN that there backers aint happy about how the club is being run and said they owe more than £30m.Nevermind Mr Ridsdale. Hmmm : http://news.bbc.co.uk/sport1/hi/football/t...ity/6946893.stm
Daggers Posted 15 August 2007 Posted 15 August 2007 Hmmm : http://news.bbc.co.uk/sport1/hi/football/t...ity/6946893.stmCardiff City's main financial backers have initiated legal proceedings against the club over claims they have not repaid more than £30m in debts. Law firm Hextalls LLP, acting on behalf of Cardiff backers Langston, have accused the club's board of mismanaging their finances. Cardiff are also accused of misleading the public about the health of their accounts for the year ending May 2006. "Any allegations are refuted," said Cardiff chairman Peter Ridsdale. Ridsdale added: "The statements released by Hextalls LLP seem to be an ill-informed mixture of fiction and general confusion." The Hextalls LLP's statement read: "Our client's claim is that this sum is due for payment now as a result of the club's inability to meet certain deadlines as well as breaching the terms of its loan agreement in respect of the capital sum plus interest. "It had been hoped to resolve the matter privately and in confidence but the club has repeatedly ignored numerous requests to discuss the debt and its implications. "As a result of legal proceedings commencing, the issues have now become public and therefore this statement is being made. "The court action is being taken reluctantly but our client has been left with no alternative following the club's failure to respond to repeated approaches."
Simi Posted 15 August 2007 Posted 15 August 2007 Here is a link to views from a few Cardiff fans. Linkage Statement from Cardiff. Statement from Cardiff City Football Club -Posted on: Tue 14 Aug 2007 We are astonished at the press release sent out today appearing to come from someone representing the Langston Corporation. The new Board of Cardiff City Football Club and Cardiff City Council have for some time been trying to identify who Langston is and have continually come up against a brick wall. Far from refusing to talk to them, we don't know who they are. Mr Hammam our previous Chairman had been acting as the intermediary with Langston and we have been in constant dialogue with him. Indeed he has always refused to divulge the identity of Langston and therefore we could have never had any direct dialogue with them. It was his auditors who undertook our 2006 audit. As the current Board have asked their lawyers to deal with the letter from Langston of 2nd August 2007, our first direct communication from them (through their lawyers), we feel that this should now be properly dealt with through the legal process. I want to reassure everyone connected with Cardiff City Football Club that the success that the current Board have enjoyed in overcoming the acute financial hurdles they inherited and getting the stadium scheme funded, will continue. Finally the statements in the unattributed Press Release seem to be an ill informed mixture of fiction and general confusion and any allegations and innuendos are refuted. Peter Ridsdale Chairman, Cardiff City Football Club.
Daggers Posted 15 August 2007 Posted 15 August 2007 It's funny how the phrase "acute financial hurdles" just seems to hang around Risdale like a bad smell. Of course, he'll have nothing to do with this cock-up either. Obviously.
act smiley Posted 15 August 2007 Posted 15 August 2007 Dunno - there's plenty of other dodgy characters around Cardiff that could quite feasibly be at fault.
BartonFox Posted 15 August 2007 Posted 15 August 2007 How does Peter Ridsdale pass the 'Fit and Proper' test to run a football Club?
act smiley Posted 15 August 2007 Posted 15 August 2007 By merely being utterly inept rather than someone who deliberately cocks things up?
lookwhaticando Posted 15 August 2007 Posted 15 August 2007 How does Peter Ridsdale pass the 'Fit and Proper' test to run a football Club? Brown envelopes.
Lillehamring Posted 15 August 2007 Posted 15 August 2007 i like the "an ill-informed mixture of fiction and general confusion" ..sounds like foxes talk to me...
Daggers Posted 15 August 2007 Posted 15 August 2007 How does Peter Ridsdale pass the 'Fit and Proper' test to run a football Club? That Fit and Proper Test in full: Dear applicant, you have 60 minutes to complete this test. When you have completed it please place it back into the envelope and hand it in to Mr. Brooking. Question 1: Have you tried very hard to be good in the past? Question 2: Do you promise to try not to land the FA 'right in it' in future?
Kilworthfox Posted 15 August 2007 Posted 15 August 2007 Just been on SSN that there backers aint happy about how the club is being run and said they owe more than £30m.Nevermind Mr Ridsdale. my heart bleeds!
Head Honcho Posted 15 August 2007 Posted 15 August 2007 Why are you giving them £12? If it wasn't for the lousy weather I'd have gone to their match with Brighton and the cost of entrance would've been.................... ...........Guess?
David O'Leary Posted 20 August 2007 Posted 20 August 2007 Just been on SSN that there backers aint happy about how the club is being run and said they owe more than £30m.Nevermind Mr Ridsdale.
Asha Posted 20 August 2007 Posted 20 August 2007 I say fifa cancel their debt and dump them in the Welsh Premier League. So they can play Aberystwyth and TNS and probably murder the league but with no chance of promotion.
Recommended Posts
Archived
This topic is now archived and is closed to further replies.