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Cardiff Count Cost Of Court Case

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.






Writer:Bluebirdshroom
Date:Wednesday February 27 2008
Time: 12:05PM

Comments

0
omg langston are playing it wisely, they are just gonna keep delaying the deadline until we have nothing. then they will either drop the case or they will sue us, so PR needs to tell the courts straight that it needs to be done now.
bluebird04
27/02/2008 14:26:00
0
surely it cant be put off again? I know if I was up in court, and asked for a delay - i think i can guess the answer!
Aderyn las
27/02/2008 14:33:00
0
it is riduclas aint it, langston are just messing around, they havent got no evidence and havent even got a chance and they know it, thats my opionion anyway, cause otherwise if they knew they would win, why didnt they go ahead witht he case the first time
bluebird04
27/02/2008 17:13:00
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