UK time is: 15:47:48
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 Articles

Vital Report: Cardiff 1 Stoke 1 (Sunday April 20 2014)

Ole - Soft Penalty Galvanised Us (Saturday April 19 2014)

Stats: Cardiff v Stoke (Saturday April 19 2014)

Vital Preview: Cardiff v Stoke (Friday April 18 2014)

Palacegate Saga Continues (Thursday April 17 2014)

Velikonja Excited By Cardiff Future (Wednesday April 16 2014)

Marshall To West Ham? I'd doubt It (Tuesday April 15 2014)

Mutch Ignoring Cardiff Criticism (Tuesday April 15 2014)

Archived Articles

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

League Results (view all)

Latest Results
Cardiff 1 - 1 Stoke
Southampton 0 - 1 Cardiff
Cardiff 0 - 3 Crystal Palace
WBA 3 - 3 Cardiff
Cardiff 3 - 6 Liverpool
Everton 2 - 1 Cardiff

League Table (view table)

Team P W D L GD Pts
14. Hull City 34 10 6 18 -9 36
15. Aston Villa 34 9 8 17 -14 35
16. WBA 33 6 15 12 -11 33
17. Norwich 35 8 8 19 -28 32
18. Cardiff 35 7 9 19 -34 30
19. Fulham 35 9 3 23 -42 30
20. Sunderland 34 7 8 19 -24 29

Breaking League News

Has Moyes Been Sacked?
» Man Utd : 21/04/2014 15:43:00
Liverpool: We're Not Doing It The Easy Way!
» Liverpool : 21/04/2014 13:30:00
Arnautovic wins Newcastle man of the match poll
» Stoke : 21/04/2014 13:29:00
Stoke and Cardiff play out a draw
» Stoke : 21/04/2014 13:18:00
With Three Games to Play……….
» Fulham : 21/04/2014 13:01:00
From the Opposition Camp!
» Chelsea : 21/04/2014 12:48:00
Trust in Moyes Wavering?
» Man Utd : 21/04/2014 12:37:00

Current Site Poll (view all polls)

Stoke MotM
Suggested By:  Whitts
Marshall 50%
Theophile-Catherine 0%
Fabio 0%
Medel 0%
Caulker 0%
Cala 0%
Kim 0%
Mutch 0%
Campbell 0%
Whittingham 0%
Daehli 0%
Sub - Zaha 0%
Sub - Jones 50%
Sub - John 0%