UK time is: 12:24:04
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Ridsdale Offers Own Money Guarantee

Cardiff City's under pressure chairman Peter Ridsdale has offered personal guarantees from his personal finances to banks and challenged non-believers to check with the banks if they don't believe him.


'Publicity Pete' is not held in great stock within the football community and is still reviled by Leeds United fans. However, his business accumen has helped steady Cardiff City, and all seemed rosy until the Langston court case appeared.


Now, money connected to the club cannot be accessed and shortfalls like player wages are difficult to manage without co-operation from the banks.


Ridsdale told the Echo:


'I have offered banks my personal financial guarantees to ensure the day-to-day running of the football club continues unhindered.'

'That, of course, will only happen if the court case is dropped by Langston. But the banks can confirm I made that offer.'




If Cardiff City win the court case on Monday, a new hearing date will be set and control of all monies will be restored to the club. However, if Cardiff are not granted defence, the situation is far murkier with PMG the main creditors and Langston unlikely to be refunded should the club enter administration.


The worst case scenario would be a further delay to the initial court case which would see the club crippled by legal bills and other outgoings with no access to their own accounts.


This must be sorted, and quickly.....








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

The Journalist

Writer: Bluebirdshroom Mail feedback, articles or suggestions

Date:Monday December 3 2007

Time: 11:56AM

Your Comments

The man is an a*se and will destroy your club like he did ours! I feel sorry for you
yorkshirepride1
you may as well jump in the docks, this bloke is on a par with the current PM, who used to take 11 BILLION gamles on interest goin up. god help you!
Yuilly
ridsdale is the man for us. sam hammam please leave us alone
bluebird04
 

Have Your Say

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

Recent Cardiff City Articles

Vital Preview: Cardiff v Wolves (Friday February 27 2015)

Vital Report: Wigan 0 Cardiff 1 (Wednesday February 25 2015)

Mackay Pleased With Bluebird Response (Wednesday February 25 2015)

Slade Hails Gunnarsson After Wigan Win (Wednesday February 25 2015)

Stats: Wigan v Cardiff (Tuesday February 24 2015)

To Go Or Not To Go (Tuesday February 24 2015)

Vital Preview: Wigan v Cardiff (Tuesday February 24 2015)

Cardiff To Benefit From New TV Deal (Monday February 23 2015)

Archived Cardiff City Articles

List All Vital Cardiff Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Publishing Entire League Network of Sites

Vital Members League (view all)

League Results (view all)

League Table (view table)

Team P W D L GD Pts
10. Blackburn 33 11 11 11 -1 44
11. Sheff Wed 33 10 13 10 -4 43
12. Huddersfield 33 11 9 13 -9 42
13. Cardiff 33 10 11 12 -5 41
14. Leeds Utd 33 11 8 14 -8 41
15. Reading 33 11 7 15 -13 40
16. Charlton 33 8 15 10 -9 39

Breaking League News

Preview: Birmingham City v Brentford
Birmingham : 28/02/2015 12:03:00
Norwich v Ipswich - The Facts
Norwich : 28/02/2015 12:00:00
Brentford- We Are Going Up?
Brentford : 28/02/2015 11:07:00
Blackpool v Latics - Big Game Preview
Wigan : 28/02/2015 10:16:00
Chambers Will Give It Large To The Away End
Norwich : 28/02/2015 10:00:00

Current Site Poll (view all polls)

Wigan MotM
Suggested By:  Site Staff
Marshall 0%
Connolly 0%
Ecuele Manga 25%
Morrison 0%
Ralls 25%
Kennedy 0%
Gunnarsson 0%
Whittingham 0%
Noone 0%
Doyle 0%
Jones 0%
Sub - Revell 25%
Sub - Harris 25%