Vital Football

Latest Cardiff City News

Ridsdale pledges cash to Cardiff

Ridsdale pledges cash to Cardiff

With Cardiff's start to the season exceeding the expectations of many fans and pundits alike, it had long been feared that Cardiff's small squad would fade and of the Bluebirds' well publicised financial problems meant that they would be unable to strengthen.

Everything changes this week however and when Sam Hammam stepped aside to allow a consortium of faceless but wealthy London businesses, Cardiff's money problems seem to have effectively evaporated. The debt currently stands at £24 million but when the deal officially goes through (expected early December) - £12 million will be released.

Peter Ridsdale explained today that only £9 million will immediately go to clearing Cardiff's debts and that £3million will go towards the team. This makes sense given that the gamble taken by using the 'hedging loans' makes the stadium and success necessary to the club. The £3m will not be a transfer kitty given to Dave Jones but will be used to cover wages, contract extensions and the like but it is now expected that Jones will be allowed to sign 2 or 3 players in January should he wish.

Crewe's Billy Jones and David Vaughan, Southend's Freddie Eastwood and Celtic's out-of-favour striker Derek Riordan have all been linked with a move to Cardiff but signing any 1 of these players would probably take the entire transfer kitty whereas Jones may prefer to sign two proven players for less but who are capable of suplementing the settled starting XI.


Click here to join in the debate on the club forum.

Writer:Bluebirdshroom
Date:Tuesday October 24 2006
Time: 3:41PM

Comments

0
Hi, can the editor of this site email me at adam_06_mitten@hotmail.com please? I want to ask you some questions about your progress this season. I am the editor of Derby Vital Football site. Thankyou Adam Mitten
adam_06_mitten
24/10/2006 18:37:00
Page 1/1
  1. 1

Login to post a comment

Recent Cardiff City Articles

Premier League Cup Draw - U23s

The draw for the 32 team Premier League Cup took place earlier this afternoon and there are a few significant Midland derby clashes this year.

Transfer Windows To End Early?

The Premier League and the EFL will both be seeking thoughts from member clubs on whether or not to close the summer transfer window before the season kicks off in coming years.

Mendez-Laing In Team Of The Week (14/8/17)

Cardiff City are represented in the latest Football League team of the week that has been selected after this week's action.

EFL Couldn`t Organise A Cup Draw In A Brewery

The second round draw for the EFL Cup last night was almost a carbon copy repeat of the failed, confusing and utterly ridiculous errors that took place...

Archived Vital Cardiff Articles

Vital Cardiff articles from

Site Journalists

Write for Vital Cardiff
Write For Vital Cardiff
Apply Here

Current Poll (see more polls)

Huddersfield MotM
Suggested By:
Murphy11%
Peltier8%
Connolly0%
Morrison0%
Richards33%
Gunnarsson16%
Ralls0%
Bennett0%
Pilkington0%
Zohore16%
Hoilett0%
Sub-Whittingham8%
Sub-M Harris0%
Sub-Lambert8%
ScoopDragon Publishing Entire League Network of Sites
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Cardiff City Results (view all)

Cardiff City Fixtures (view all)

Write for Vital Football