Vital Football

Latest Cardiff City News

Cardiff City Takeover Confusion

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.


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

Writer:Bluebirdshroom
Date:Monday December 18 2006
Time: 8:34AM

Login to post a comment

Recent Cardiff City Articles

More Reliable Than A Championship Octopus? (22/2/17)

Time for the new special computer that crunches the numbers to determine the final Championship positions for 2016/17.

Bamba's Praise For Fans

Sol Bamba has revealed his delight at the end of an impressive seven day spell for Cardiff that saw victories secured over Derby, Leeds and Rotherham.

Healey Facing Nine Month Lay Off

Cardiff's 5-0 win against Rotherham extended the unbeaten run but it wasn't all positive as Healey suffered a serious knee injury that will keep him out for the remainder of the season.

Football League - Fixture Day & 2017/18 Key Dates

The Football League have released the key dates for the coming 2017/18 season, and the all important fixtures will be released on Wednesday June 21 at 9am.

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)

Rotherham MotM
Suggested By: Site Staff
McGregor18%
Connolly0%
Morrison0%
Bamba0%
Richards16%
Noone0%
Gunnarsson0%
Ralls0%
Harris50%
Healey0%
Zohore16%
Sub - Hoilett0%
Sub - Pilkington0%
Sub - John0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Newcastle 32 22 3 7 69 37
2 Brighton 32 20 8 4 68 28
3 Huddersfield 32 20 4 8 64 8
4 Reading 33 18 6 9 60 5
5 Leeds Utd 33 18 4 11 58 11
6 Sheff Wed 33 17 7 9 58 10
7 Fulham 32 14 10 8 52 17
8 Norwich 33 15 6 12 51 11
9 Barnsley 33 14 7 12 49 4
10 Preston 33 13 10 10 49 4
11 Derby County 32 13 9 10 48 7
12 Cardiff 33 13 6 14 45 -2
13 Ipswich 33 10 11 12 41 -7
14 Brentford 32 11 7 14 40 0
15 Q.P.R. 33 11 7 15 40 -10
16 Birmingham 33 10 10 13 40 -14
17 Aston Villa 32 8 12 12 36 -8
18 Forest 33 10 6 17 36 -12
19 Wolves 31 9 8 14 35 -4
20 Burton 33 9 8 16 35 -13
21 Bristol City 32 9 5 18 32 -6
22 Wigan 33 7 9 17 30 -10
23 Blackburn 31 7 8 16 29 -13
24 Rotherham 33 4 5 24 17 -43
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Cardiff City Results (view all)

Cardiff City Fixtures (view all)

Feb 25 2017 3:00PM : Fulham (H)
Sky Bet Championship
Mar 4 2017 3:00PM : Queens Park Rangers (a)
Sky Bet Championship
Mar 7 2017 7:45PM : Blackburn Rovers (a)
Sky Bet Championship
Mar 11 2017 3:00PM : Birmingham City (H)
Sky Bet Championship
Mar 18 2017 3:00PM : Ipswich Town (H)
Sky Bet Championship
Apr 1 2017 3:00PM : Wolverhampton Wanderers (a)
Sky Bet Championship
Vital Football Comment