Date:Thursday May 27 2010
Cardiff City are officially under new Directorship as of today, when the EGM allowed proposals to be put to and accepted by the Bluebirds shareholders.
As part of the deal, TG takes over the Chairmanship of the board - but equally significantly means that PETER RIDSDALE is no longer a board member and will leave the club with immediate effect.
The past 6 months has seen Ridsdale's reputation take a battering and plummet beyond redemption. Cardiff City fans finally came to accept that the warnings we were given by Leeds United and Barnsley fans alike were genuine and borne of their frustration and horror at the way their clubs had been run. It now seems certain that there will be strong Cardiff City voices joining those of the Whites and the Tykes should Peter Ridsdale look to get on board at other clubs.
Key to Ridsdale's fall from Grace was the infamous 'Golden ticket' scandal where 10,000 fans took up season tickets for next year on the promise that funds raised (Approx. £3m) would go on team strengthening. Precisely zero was spent on this, and the monies were instead used to pay off numerous debts the supporters were unaware of - board member Alan Whiteley later admitting the board knew this to be the case.
Further cracks appeared, many of which will come out in the wash but whilst Peter Ridsdale may have achieved some positives (he was influential in re-negotiating Langston loan, building the stadium and recruiting key personnel including Dave Jones, Michael Chopra etc.), those achievements will forever be over-shadowed with the fact that:
Cardiff City Football Club was taken to the brink of liquidation, by a man who has never put a penny into the club, been rewarded more than handsomely and maintained all along that everything was just fine.
There will doubtless be bluster and fanfare from the Ridsdale camp regarding Wembley trips.....debt re-structure....new stadium...better players....bigger budgets etc but no CCFC fans are listening anymore. Reputation intact but hanging by a thread? We'll see.
Peter Ridsdale left with the official thanks of the new regime. Cardiff City fans wont forget, and the departure of 'PR Pete' represents a juicy cherry atop a very very welcome and promising Malaysian cake.
Date:Thursday May 27 2010
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