Cardiff Count Cost Of Court Case
Cardiff City have been hit by severe finaicial restrictions ever since a legal writ was served on the club over proposed non-repayment of loan notes.
The action is brought by a mysterious Langston corporation with links to former owner Sam Hammam. CCFC has strongly refuted the claims and insist payment is not due until 2016.
That said, the banks have withheld money from the club, as well as massive legal fees already accrued. The court date has been postponed several times and attempts to settle the matter out of court appear to have stalled.
Cardiff City chairman Peter Ridsdale puts the cost so far to be around £5m, with severe implications on the day to day running of the club, and the reason why the struggling Bluebirds have been unable to add to their threadbare squad in the transfer or loan windows.
Ridsdale told the SW Echo that the case had directly caused a £5m shortfall in CCFC's budget, effectively tying manager Dave Jones' hands in the transfer market. The new is further disappointment for Cardiff City fans who have watched their side blow hot and cold and struggle with injuries to numerous players most notably Robbie Fowler and now Joe Ledley.
Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.