PMG – A Joint Statement from the Cardiff City Supporters’ Club and the Cardiff City Supporters’ Trust
Despite being granted a 56-day stay of execution in the High Court last week, it appears that Cardiff City Football Club’s future is once again on a knife edge. We have been reliably informed that administration is virtually inevitable before the end of March if significant new investment in the club has not materialised by […]
Joint Statement from the Cardiff City Supporters’ Trust and the Cardiff City Supporters’ Club
The supporters of Cardiff City were relieved to hear the club has been given a further 56 days by the High Court to clear its outstanding tax debts. However, fans were also alarmed to hear the Bluebirds described as “plainly insolvent” by the barrister representing Her Majesty’s Revenue and Customs. It is obvious that our […]
Trust Chairman Steps Down
The Cardiff City Supporters’ Trust has announced that Paul Corkrey is to stand down from his position as Chairman with immediate effect as a result of medical advice. A 51 year-old former coal miner from Treharris who lost his right leg in an accident at Taff Merthyr colliery in 1978, Paul has been advised by […]
Cardiff City Supporters’ Trust
VACANCY – MEMBERSHIP SECRETARY The position of Membership Secretary was being temporarily filled however it is now time for this to be a stand alone role. Therefore Cardiff City Supporters’ Trust are seeking a volunteer who would be able to take this position on. Please find below an outline of the role: Collection of membership […]
Statement on Behalf of the Board of the Cardiff City Supporters’ Trust
The board of the Cardiff City Supporters’ Trust understands and shares the frustration that many Bluebirds fans are feeling as a result of the club’s current predicament. Our beloved football club appears to be in a precarious position with a High Court appearance scheduled for next week, various bills remaining unpaid and sources of future […]
Report from the EGM held on February 24th, 2010
Representing Cardiff City Football Club (Holdings) Ltd at today’s Extraordinary General Meeting were Chairman Peter Ridsdale, Group Finance Director Alan Flitcroft, Company Secretary Alan Whiteley and board member Steve Borley. Apologies were given for the absence of missing board members Keith Harris and Dato Chan Tien Ghee.
The Chairman opened the meeting at 10am by giving the shareholders some background information regarding the House of Sport land sale proposal, which was the only official item on the agenda. While doing so, he confirmed the board would take questions from shareholders later in the meeting regarding the club’s current financial situation, and he then invited any questions specific to the land sale proposal.
A shareholder asked if the price of the land in respect of the proposed deals with Borley Engineering Services Ltd and PMG Developments PLC had been valued independently. Peter Ridsdale confirmed that it had and stated that the council were fully satisfied that the best value on the deals had been achieved.
Shareholder Mike Roderick asked if the deal regarding the House of Sport was in the best interests of the football club as it appeared to him that a valuable future income stream was being sold off in order to service current debts.
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