Peter Ridsdale Profits From Cardiff City Debt !
Cardiff City Chairman Peter Ridsdale has come under fresh attack from Bluebirds fans after details of club accounts were published yesterday.
The results show that Ridsdale, through his consultancy firm W H Sports, was paid over a million pounds last year - including a one off bonus payment of £500k.
Ridsdale assured fans that the transactions were above board, I don't think anyone doubted they were, but what will disappoint and anger fans is the sheer monies involved to a club millions in debt and the total lack of transfer funds available to manager Dave Jones.
Ridsdale's time at the helm has been fraught with difficulties, but this is olmost wholly down to the horrendous situation he inherited. On face value, he seems to have some an unbelievable job re-structuring the finances, getting the stadium started and keeping the club afloat.
Ridsdale also stated that the £1/2 million he receieved was re-isvested into Cardiff City FC through acquisition of shares.
There are many 'fans' of our football club who simply love to complain. They tear shreds of anything associated with the club, many in situation they simply don;t understand and never will. The fact remains that CCFC are a business and nearly crumbled. Ridsdale was key to that recovery, which now sees us on an even keel and making £2.5m bids for players.
What are your feeling on Ridsdale's payments? Are they fair? Disappointing? Or simply outrageous?