Date:Friday May 16 2008
Cardiff City have been given a massive boost today on the eve of the FA Cup final with the fantastic news that the court action taken against the club by mystery backers Langston, is nearly at an end.
After a period of quiet following the refusal of a summary judgement, in which the jusge recommended the matter be settled out of court, negotiations have been taking place behind the scenes and the outcome appears great news for the Bluebirds.
Peter Ridsdale told the South Wales Echo:
"Hammam is the only representative of Langston I have met and I am in dialogue with him,"
"They have made it clear they have no intention of taking it further and they wish to resolve the situation."
"We are pretty close to deciding how that will be resolved."
This is simply excellent news, especially given Hammam's confirmation, also to the echo, that everything would be sorted out soon.
This is likely to mean a new agreement between the club and Langston, without any ambiguity that will structure repayment of the loan. Langston wanted it now feeling CCFC had breached the terms, we felt it was payable in 2016. Given the vast improvement in club finances recently, the debt should be cleared well before then.
If history has taught Cardiff City fans anything, doubts will remain. This issue has been shrouded in secrecy, dodginess and outright lies. Nevertheless, it can only be good news today, and for the future of the club.
Date:Friday May 16 2008
Palacegate Saga Continues (Thursday April 17 2014)
Velikonja Excited By Cardiff Future (Wednesday April 16 2014)
Marshall To West Ham? I'd doubt It (Tuesday April 15 2014)
Mutch Ignoring Cardiff Criticism (Tuesday April 15 2014)
Cardiff Launch Formal Palacegate Complaint (Monday April 14 2014)
Caulker Quietly Confident (Monday April 14 2014)
Vital Report: Southampton 0 Cardiff 1 (Sunday April 13 2014)
Whittingham Hails Squads Character (Sunday April 13 2014)
Saints Win Can Be The Catalyst - Ole (Saturday April 12 2014)
Stats: Southampton v Cardiff (Saturday April 12 2014)
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