And no doubt when Cardiff go under, Ridsdale will shamelessly resurface to scuttle another hapless club.
Nigel. 2010/1/28 Chris Briggs <[email protected]> > Ed made a slight typo................ > > http://news.bbc.co.uk/sport1/hi/football/teams/c/cardiff_city/8483735.stm > > > ************************************************************************************ > > Cardiff City cash crisis ends transfer hopes > > Chairman Peter Ridsdale has been trying to find investors for the club > > Cardiff City have said they will not be signing any players before the > transfer window closes as they bid to ease their ongoing financial problems. > > The club had raised around £3m from a season-ticket initiative to buy > players in the January window, but it will no longer be used for that > purpose. > > They will also be selling off "assets" which refers to land and holdings > rather than the playing squad. > > A statement said: "The financial health of the club is the ultimate > priority." > > The Bluebirds face a second winding up order 10 February if they fail to > pay an outstanding tax bill of £2.7m owed to Her Majesty's Revenue and > Customs. > > Chairman Peter Ridsdale made assurances earlier this month that the club > was "trading as normal" and there was "no immediate threat" to the future of > the club. > > Ridsdale also insisted the money from the sales of 10,000 advance season > tickets would not be spent on paying their outstanding tax bill. > > Asked on 8 January if the ticket money would be used to pay the debt, he > said: "No, there is money to pay for that." > > Ridsdale also said of manager Dave Jones' transfer targets: "Dave has asked > for four players to come in - three have been lined up and will come in > before the end of the month." > > And Jones said on Tuesday: "Our season depends on what we do this week, > whether we get injured players back or bring people in," he said. > > "I think everyone is hoping it goes the way that we want it to go. > > "I haven't given up hope of signing players as that's what I'm being told. > The board know what we want because I've told them enough times. > > "If something happens this week then it will be fantastic but if it doesn't > then we'll have to soldier on and get the best out of them as we're doing at > this moment in time." > > But a Cardiff City statement released on Wednesday said: "The move to the > new stadium ultimately incurred costs that we had not anticipated and whilst > the long term health of the Club is stronger than it has ever been we have > suffered some short term cash flow problems." > > "In an attempt to negate these issues we sought new investment and during > the autumn of 2009 commitments were given regarding investment which if they > had been delivered would have solved our cash issues. > > "To date these commitments have not been fulfilled so we have had to resort > to other avenues of fund raising. > > "We are currently in the process of raising funds from the sale of assets, > which with other cash, will help to secure our future. > > "With regard to the season ticket offer pre Christmas, this offer to > reimburse the ticket price if promoted this season remains a strong one. > > "Nevertheless we had anticipated that if we launched these tickets early > and had received new investment pre Christmas or in January this year as > promised, we would have been able to invest in new players in the January > transfer window. > > "In the absence of the new investment this will not be possible. We have to > ensure that other overheads and financial issues are properly addressed. > > "Whilst we apologise for this, we do not apologise for ensuring that the > viability and financial health of the club is the ultimate priority. > > > http://news.bbc.co.uk/sport1/hi/football/teams/c/cardiff_city/8483735.stm > -------------------------------------------------- > From: "sinister dexter" <[email protected]> > Sent: Thursday, January 28, 2010 4:19 PM > To: "Ed Morrish" <[email protected]> > Cc: "Leeds List" <[email protected]> > Subject: Re: [LU] Non-LU: I didn't see THIS coming...! > > > 404 not found? >> >> On 28 Jan 2010, at 16:11, Ed Morrish wrote: >> >> http://news.bbc.co.uk/sport1/hi/football/teams/c/cardiff_city/8483735 >>> >>> Ed. >>> >> > > > _______________________________________________ > the Leeds List is an unmoderated mailing list and the list administrators > accept no liability for the personal views and opinions of contributors. > Leedslist mailing list > [email protected] > http://list.zetnet.co.uk/mailman/listinfo/leedslist > www.leedslist.net > -- blog.mindbrix.co.uk/2010/01/20/zoomable-gallery/ www.concentrichron.com -- Mindbrix -- Dream it, draw it, build it, love it 69 Derby Street Beeston Nottingham NG9 2LG +44 7905 311 352 [email protected] www.mindbrix.co.uk Skype: ntbarber twitter.com/mindbrix _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. 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