Vital Football

Latest Cardiff City News

Ridsdale Offers Own Money Guarantee

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.....





Writer:Bluebirdshroom
Date:Monday December 3 2007
Time: 11:56AM

Comments

0
The man is an a*se and will destroy your club like he did ours! I feel sorry for you
yorkshirepride1
03/12/2007 17:57:00
0
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
04/12/2007 02:15:00
0
ridsdale is the man for us. sam hammam please leave us alone
bluebird04
04/12/2007 22:45:00
Page 1/1
  1. 1

Login to post a comment

Recent Cardiff City Articles

Stats: Cardiff v MK Dons

All the stats from Cardiff (0) vs (0) MK Dons, Cardiff City Stadium, 6/2/16 Att: 13,833

Vital Preview - Cardiff v MK Dons

A Cardiff win is needed a MK Dons but Revell isn't on for an instant return to the club with his new one as part of the deal was he couldn't feature in this game.

Match Day Officials v MK Dons

The Football League have now announced the Match Day officials that will take charge of the game against MK Dons this weekend.

Revell's Cardiff Frustration

Revell's disappointing year with the club came to an end on deadline day when he made a permanent exit, following his loan with Wigan, to join MK Dons.

Archived Vital Cardiff Articles

Vital Cardiff articles from

Site Journalists

Whittingham's Left Peg
Profile

Current Poll (see more polls)

MK Dons MotM
Suggested By: Site Staff
Marshall0%
Fabio0%
Ecuele Manga0%
Connolly0%
Malone0%
Ameobi0%
O'Keefe0%
Ralls0%
Whittingham0%
Pilkington0%
Lawrence0%
Sub - Zohore0%
Sub - Macheda0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Hull City 28 17 5 6 56 27
2 Middlesbrough 27 17 4 6 55 23
3 Brighton 29 14 11 4 53 9
4 Burnley 29 14 10 5 52 21
5 Derby County 29 13 11 5 50 14
6 Ipswich 29 13 9 7 48 3
7 Sheff Wed 29 12 11 6 47 11
8 Birmingham 29 13 8 8 47 9
9 Cardiff 29 11 11 7 44 5
10 Brentford 30 11 7 12 40 -2
11 Forest 29 9 12 8 39 5
12 Wolves 29 10 9 10 39 -1
13 Q.P.R. 29 8 12 9 36 0
14 Preston 29 8 12 9 36 -2
15 Leeds Utd 29 8 12 9 36 -4
16 Reading 29 9 8 12 35 0
17 Huddersfield 29 8 8 13 32 -3
18 Blackburn 27 6 12 9 30 0
19 Fulham 28 6 10 12 28 -5
20 MK Dons 28 7 5 16 26 -18
21 Rotherham 29 7 4 18 25 -18
22 Bristol City 29 5 10 14 25 -23
23 Charlton 29 5 9 15 24 -29
24 Bolton 29 3 12 14 21 -22
Latest F1 News
Latest Vital Boxing News

Cardiff City Fixtures (view all)

Feb 6 2016 3:00PM : Milton Keynes Dons (H)
Sky Bet Championship
Feb 13 2016 3:00PM : Charlton Athletic (a)
Sky Bet Championship
Feb 20 2016 12:30PM : Brighton & Hove Albion (H)
Sky Bet Championship
Feb 23 2016 7:45PM : Middlesbrough (a)
Sky Bet Championship
Feb 27 2016 3:00PM : Preston North End (H)
Sky Bet Championship
Mar 5 2016 12:00PM : Bristol City (a)
Sky Bet Championship

Recent Cardiff City Results (view all)