UK time is: 09:49:17
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Cardiff City Takeover Confusion

When fire spreads it is fast, ruthless and leaves devastation. So does rumours.

This is the mother of all rumours.

We all thought that things couldn`t get any worse after the shambolic performance on the pitch at Hull, but it is off-field issues that threaten to take centre stage once again, according to report in the Football League Paper.

The newspaper, which covers news from the Championship down to League Two, reports that the 27m takeover by the mystery new investors has hit a major stumbling block meaning that Sam Hammam is set to regain control of the club.

This report is backed up by the fact the identity of the new owners remains a mystery despite the fact that Hammam`s shareholding in the club was due to be diluted to under 9% by December 15. It is December 18 and we haven`t heard a thing.

If this report is true (and it is a big if at this stage) then we are in serious trouble. The new investors were set to clear our mounting debts of 24m and offer us 3m in January for new signings. Money which should have given us a decent chance of pushing towards the Premiership.

Further, the council have made is obvious that they will not deal with Sam Hammam. With Sam still on board, the stadium will never progress and we have no way to repay the enormous debts that we have somehow acclimated to get where we are today.

This report comes on the very same day that the Wales on Sunday printed a story suggesting that our 3m for new year team strengthening was going to be doubled to a whopping 6m. Money which would have given us a decent chance of reaching the Premiership. (Story here)

Their report says that Ridsdale has spent the last week finalising the takeover and it is set to be complete on January 8. That would give him the 75% majority needed to rubber stamp the deal and start a new era in City`s history.

Ridsdale, when he "took over", said that we were going to be an open club with no secrets. He must now respond by telling us exactly what is going on.

We could either be a Premiership side in three years or a Conference side - it is as serious as that. Without fresh investment we have no way of repaying the debt and we will be a club on its knees.



Article by Sean Wozencroft.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!


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

The Journalist

Writer: Bluebirdshroom Mail feedback, articles or suggestions

Date:Monday December 18 2006

Time: 8:34AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Cardiff City Articles

Vital Report: Port Vale 2 Cardiff 3 (Wednesday August 27 2014)

Stats: Port Vale v Cardiff (Tuesday August 26 2014)

Vital Preview: Port Vale v Cardiff (Tuesday August 26 2014)

Rotation Continues For Ole (Monday August 25 2014)

Ole - Wolves Deserved It - Sort Of (Sunday August 24 2014)

Vital Report: Wolves 1 Cardiff 0 (Sunday August 24 2014)

Stats: Wolves v Cardiff (Saturday August 23 2014)

Vital Preview: Wolves v Cardiff (Friday August 22 2014)

A Bad Day To Be Blue (Thursday August 21 2014)

Unbeaten Start Delights Ole (Wednesday August 20 2014)

Archived Cardiff City Articles

List All Vital Cardiff Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

Latest Results
Wolves 1 - 0 Cardiff
Cardiff 3 - 1 Huddersfield
Cardiff 1 - 0 Wigan
Blackburn 1 - 1 Cardiff

League Table (view table)

Team P W D L GD Pts
5. Charlton 4 2 2 0 2 8
6. Sheff Wed 4 2 2 0 2 8
7. Derby County 4 2 1 1 4 7
8. Cardiff 4 2 1 1 2 7
9. Millwall 4 2 1 1 2 7
10. Blackburn 4 2 1 1 0 7
11. Bournemouth 4 2 0 2 3 6

Breaking League News

Saville completes Wolves switch
Wolves : 27/08/2014 09:28:00
Vital Report: Port Vale 2 Cardiff 3
Cardiff : 27/08/2014 09:15:00
Frederik Sorensen
Norwich : 27/08/2014 08:46:00
Norwich City 3 - 1 Crawley Town
Norwich : 27/08/2014 08:23:00
Gray: Owls good value for cup triumph
Sheff Wed : 27/08/2014 08:00:00

Current Site Poll (view all polls)

League Cup - Port Vale
Suggested By:  Site Staff
Moore 0%
Barnum-Bobb 0%
John 0%
Ralls 0%
Oshilaja 0%
Torres Ruiz 0%
Wolff Eikrem 0%
Kim Bo-Kyung 0%
Javi Guerra 0%
Macheda 100%
Dikgacoi 0%
Sub:-Burgstaller 0%
Sub:-Harris 0%
Sub:-Velikonja 0%