Trust News

Open Supporters’ Trust Meeting

The Supporters Trust board will be hosting an Open Meeting at the Duke of Clarence public house in Canton, Cardiff, on Monday evening (01/02/10, start time: 7:30pm).

The main items on the agenda will, of course, be the current off-field situation at the football club and the Trust’s attempt to call a General Meeting of shareholders. During an open forum, members will be given an opportunity to express their opinions on the present state of affairs at Cardiff City and the Trust’s General Meeting campaign.

Non-members are also welcome to attend the meeting and forms will be available for those fans who wish to sign up with the Trust on the night.

Many thanks for your continued support. It is very much appreciated.

Dave Sugarman
Membership Secretary

General Meeting of Shareholders

On Wednesday 27 January, Cardiff City Supporters’ Trust Secretary Geraint Jones received a letter from Cardiff City Football Club (Holdings) Ltd Secretary Alan Whiteley in reply to the Trust’s recent request for a General Meeting of the company.

Mr Whiteley confirmed that the company’s directors are intending to call a General Meeting at some point in the near future. However, no actual date was specified for this meeting.

Therefore, having carefully considered the contents of Mr Whiteley’s letter during an emergency meeting on Thursday evening, the Trust’s board have unanimously voted to press ahead with the plans to make a formal call for a General Meeting of the company’s shareholders at the earliest opportunity.

As a result of this decision, a letter will be going out to all Cardiff City Football Club (Holdings) Ltd shareholders this weekend, while the Trust’s board will continue to work towards gathering the levels of support necessary to call for such a meeting. Members will be kept informed of all developments in due course.

Dave Sugarman
Membership Secretary

General knowledge quiz on Jan 29th, 2010. All welcome

The Trust is staging a general knowledge quiz at the Duke of Clarence pub in Clive Road, Canton, on Friday, January 29th, 2010 at 7.30pm. Entry is £2.50 per person with up to six people allowed per team. There will be some super raffle prizes. All are welcome but to register a team or for more information on the quiz contact Tim Hartley on 07795 635514.

Cwis Ymddiriedolaeth Cefnogwyr Caerdydd
Duke of Clarence, Clive Road, Treganna
7:30 Dydd Gwener 29 Ionawr 2010
Gwobrau raffl grêt!
Tocynnau £2-50 yr un – Hyd at 6 mewn tîm

Press article – re General Meeting

From the South Wales Echo

FAN power looks to have won the day at Cardiff City with the club seemingly agreeing to a meeting of shareholders.

With financial uncertainty surrounding the Bluebirds the Cardiff City Supporter’s Trust had been looking to force chairman Peter Ridsdale and his fellow board members into outlining the extent of any problems the club is labouring under.

The Trust had been working on getting a group of small shareholders together to force an Extraordinary General Meeting at which the club would have to provide an up to date set of accounts and outline its future financial strategy.

The Trust was well on its way to securing the holders of five per cent of total shares in the club needed to force that meeting, but now the board has verbally agreed to hold a general meeting after an initial request from the supporter’s organisation.

It is understood in a telephone call to the Trust, Cardiff City Football Club (Holdings) Ltd secretary and board member Alan Whiteley verbally agreed to holding the meeting.

The Cardiff board will discuss the decision this week with a formal response expected before the end of the week.

From that formal announcement the club will then have to hold the general meeting within 21 days.

The Trust is hoping that meeting will be held sooner rather than later given the grave financial situation the club is facing.

Cardiff are still to pay a £2.7m tax bill or face the prospect of a winding up order being issued by Her Majesty’s Revenue and Customs at the High Court on February 10.

Ridsdale maintains the situation will be sorted and that the club continues to trade as normal.

But on the pitch manager Dave Jones has been unable to bring in any new faces to bolster his squad’s Premiership promotion push before the outstanding tax bill is settled.

The club still maintain up to four new players will arrive before the January transfer window closes at the end of the month.

With total debts of almost £30m still enveloping the club and little information being made public, Cardiff City Supporter’s Trust chairman Paul Corkrey said a meeting of the club’s shareholders was vital.

He said many Bluebirds fans were afraid the very future of Cardiff City was on the line and welcomed the decision by the club to agree to the Trust’s request.

“We take this verbal agreement by the club to hold a general meeting as a positive step,” said Mr Corkrey.

“We were confident of enough shareholders agreeing to force a meeting, but that the club looks likely to accept our original request is something we most definitely welcome.

“There is no mischief-making or anything from our side, but given the current situation supporters are quite rightly concerned about the future of their football club.

“We want to use this meeting to give the club the chance to outline the current, short-term and long-term financial plans they have in place.

“You cannot have a business plan at Cardiff City based on things that might or might not happen.

“We want see a financial structure in place at Cardiff City which does not rely on takeovers of the club or getting promoted.

“You cannot run things like that.

“A general meeting would give the club the opportunity to outline their financial position and that would be in the best interests of the club itself. This is a good opportunity for the club.

“If we are shown finances are in order we will walk away from the meeting singing the praises of the club.

“But answers need to be given and we welcome the chance for those answers to be forthcoming.”

The club itself insists there is plenty of interest from several parties to take over at Cardiff City.

The current front-runner is Guernsey-based businessman Ben Steele who was supposed to be at the Bluebirds’ FA Cup third-round replay victory over Bristol City on Tuesday, but was unable to attend for personal reasons.

Meanwhile Ridsdale insists a group of Malaysian businessmen led by Dato Chan Tien Ghee, who has reportedly joined the Cardiff board, and a group of unnamed Americans are also keen to take control of the club.

Ridsdale is set to meet with Ben Steele tomorrow for more talks about a possible takeover, but supporters still remain in the dark over the future of their club.

South Wales Echo

General Meeting: Latest News:

In a telephone conversation with Cardiff City Supporters’ Trust secretary Geraint Jones on Monday afternoon, Cardiff City Football Club (Holdings) Ltd secretary and board member Alan Whiteley verbally agreed to the Trust’s recent request for a General Meeting of the company’s shareholders.

Mr Whiteley gave an undertaking to formally respond to the Trust’s request in writing by the end of this week. A date for the General Meeting will be announced in due course.

Dave Sugarman
Membership Secretary
20th January, 2010