Vital Football

Latest Cardiff City News

Cardiff Nearing Court Case Deal

Cardiff Nearing Court Case Deal

Cardiff City could be nearing a settlement over the outstanding legal case brought against them by the mysterious Langston corporation.


The initial hearing was postponed after Langston failed to receive crucial papers in time, although the move is consistent with attempts to de-stabilise the club.



The case centres around the re-structuring of £24m in loan notes to the club. Cardiff beleive they are non re-payable until 2016, while Langston believe the contract to have been breached, and want payment immediately.


Once the stadium is developed, the finances will be significantly eased at the club, and whilst not possible now, payment of the loan is a certainty according to Ridsdale.



A settlement out-of-court was always the preferred solution, but Langston rejected any possibility of a meeting, indeed, we are still none the wiser as to who is behind the company - only that Sam Hammam is involved somewhere.



Chairman Peter Ridsdale told the Western Mail:



'I am very hopeful we will be able to come to agreement with Langston over this issue sooner rather than later'


'That would hopefully be before the next court date currently set for March. It has always been our aim to do that.'


'I have not personally had any meetings with anyone from Langston, but our aim is to sort out the situation for the benefit of Cardiff City as soon as we possibly can.'





An end to the case would be a huge boost for the club, relieving pressure from banks and making propsective signings more possible. It has dragged on for far too long, and pushed the club close to administration. Langston has as much to gain as anyone by negotiating a deal, hopefully this can be resilved quickly and efficiently.




Writer:Bluebirdshroom
Date:Friday January 18 2008
Time: 9:00AM

Comments

0
hope this doesn't effect your games over the next few weeks
ozanne park rangers
21/01/2008 06:03:00
0
and you finances long term
ozanne park rangers
21/01/2008 06:04:00
Page 1/1
  1. 1

Login to post a comment

Recent Cardiff City Articles

German Friendly & Tour Details Confirmed

Cardiff City have now confirmed the final friendly of our German tour.

Lawrence & Morgans Join Backroom Staff

Cardiff City have today confirmed the appointments of Lennie Lawrence and Dr Ryland Morgans to Paul Trollope's backroom staff.

Are Players Set For A Football Exit?

With the country narrowly voting to leave the European Union in Thursday's Referendum, there are certainly plenty of real questions that have to be addressed in terms...

Bristol Rovers Tie Set & On TV

The League Cup first round tie against Bristol Rovers has now had the date confirmed, and it's also been selected for screening by Sky Sports.

Archived Vital Cardiff Articles

Vital Cardiff articles from

Site Journalists

Whittingham's Left Peg
no email
Profile

Current Poll (see more polls)

Birmingham MotM
Suggested By: Site Staff
Marshall3%
Peltier3%
Connolly18%
Turner9%
Malone3%
Noone3%
O'Keefe3%
Whittingham3%
Lawrence3%
Pilkington28%
Immers6%
Sub - Zohore0%
Sub - Harris0%
Sub - Ecuele Manga18%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
C Burnley 46 26 15 5 93 37
P Middlesbrough 46 26 11 9 89 32
3 Brighton 46 24 17 5 89 30
4 Hull City 46 24 11 11 83 34
5 Derby County 46 21 15 10 78 23
6 Sheff Wed 46 19 17 10 74 21
7 Ipswich 46 18 15 13 69 2
8 Cardiff 46 17 17 12 68 5
9 Brentford 46 19 8 19 65 5
10 Birmingham 46 16 15 15 63 4
11 Preston 46 15 17 14 62 0
12 Q.P.R. 46 14 18 14 60 0
13 Leeds Utd 46 14 17 15 59 -8
14 Wolves 46 14 16 16 58 -5
15 Blackburn 46 13 16 17 55 0
16 Forest 46 13 16 17 55 -4
17 Reading 46 13 13 20 52 -7
18 Bristol City 46 13 13 20 52 -17
19 Huddersfield 46 13 12 21 51 -11
20 Fulham 46 12 15 19 51 -13
21 Rotherham 46 13 10 23 49 -18
R Charlton 46 9 13 24 40 -40
R MK Dons 46 9 12 25 39 -30
R Bolton 46 5 15 26 30 -40
Latest F1 News
Latest Vital Boxing News

Recent Cardiff City Results (view all)

Cardiff City Fixtures (view all)