leeds tyke has tha seen this??? I wouldn't fancy being a bluebird at the moment, looks like....

rothred · Dec 19, 2006

the money is running out fast.





Sam’s silenct over Cardiff City decision <table cellspacing="0" cellpadding="0" width="100%" border="0"><tbody></tbody></table><table class="headerTable" cellspacing="0" cellpadding="0" border="0"><tbody><tr><td>Dec 19 2006
</td></tr><tr><td></td></tr><tr><td colspan="2">South Wales Echo</td></tr></tbody></table><table cellspacing="0" cellpadding="0" width="400" border="0"><tbody><tr><td colspan="3"></td></tr><tr><td colspan="3">SAM Hammam was today staying silent over the decision that could kill off Cardiff City. As its major shareholder, Hammam could block the board’s new proposal for the club’s restructure – including the development of a new stadium.This could and could send the club into administration within weeks.Hammam today told the Echo: “I have no comment to make.”Today’s silence is in stark contrast to last month when it was announced he was stepping down as chairman after six years in charge. Hammam said at the time: “Now someone else will take us to the Premiership – I’m no Abramovich.



“City have grown just too powerful for me now. This is the best thing for the club and the fans.

“Personally, I am shattered, ,” he said, having stepped down after six years in charge. “but in my mind it is crystal clear. The only thing in my mind was to do what is best for the fans and the club.

“This club proved to be far too big for one individual to handle – unless of course you are an Abramovich or a Glazer. I am not that.”

But City’s new chairman Peter Ridsdale said today: “The situation at the football club is we need enough money to trade and need the at cash injection the proposal will bring.

“If the shareholders vote against it we do not have the money to continue trading as football club.

“The new proposal is the only route we have for the club to survive and clearly this club needs a new stadium to continue.

“Clearly if this does not take place there is no future for this club in the Championship.”</td></tr></tbody></table>

rothred · Dec 19, 2006

another article relating to the bluebirds problems

Bluebirds stadium plans face 'meltdown' <table cellspacing="0" cellpadding="0" width="100%" border="0"><tbody /></table><table class="headerTable" cellspacing="0" cellpadding="0" border="0"><tbody><tr><td>Dec 19 2006
</td></tr><tr><td></td></tr><tr><td colspan="2">South Wales Echo</td></tr></tbody></table><table cellspacing="0" cellpadding="0" width="400" border="0"><tbody><tr><td colspan="3"></td></tr><tr><td colspan="3">CARDIFF council warned today the deal to build a new 30,000-seater Cardiff City stadium would not go ahead unless Sam Hammam walks away. Council leader Rodney Berman was speaking after developer Paul Guy warned the Championship club would be facing financial Armageddon unless a financial restructure was voted through at an emergency general meeting on January 12.Councillor Berman said: “We could not enter into a deal with the club because we did not know who the club owed money to through the loan notes. “The restructuring took that problem away and if that problem is back we could enter into a deal with Cardiff City.“Getting a new stadium is crucial to the future of the club. 

<div class="center" id="mpuad" style="display: none">“We all know that Cardiff City need a new stadium if its ambitions are to be realised.”</div>

Ramesh Patel, a Labour member of the economic scrutiny committee, said: “If Sam Hammam remains in the background there is a huge risk that the stadium will go pear-shaped.”

City fan Councillor Michael Michael today described the public arguments over the club’s future as bizarre.

“This really needs to be resolved as soon as possible so Dave Jones (City manager) can carry out developing a team that is capable of playing in the Premiership in a new stadium.”

It was only earlier this month after years of delays and wrangling that Cardiff council’s executive gave the go-ahead for the long-awaited development of the 30,000 capacity stadium at Leckwith.

In a statement on the club’s future financing, Peter Ridsdale said: “PMG Estates (run by Paul Guy), who have already made a £3m short term loan facility available to the club, are due to make a further £9m loan available as a part of the new stadium funding process.

“They have indicated that these monies will not be forthcoming if the planned financial and management restructuring are not voted through at the EGM.”

Brian Morgan, of Cardiff Business School, said: “There’s a bit of a final warning going on here, that they really mean what they say. 

“The financial structure is in the balance it seems to me.

“There are one or two people prepared to take the business forward and invest a lot of money in the future of the club, but they really want assurances that the financial and management structures are in place before they come in.”

Gwyn Davies, of the Valleys Rams supporters’ club, spoke to Mr Hammam on Sunday and today said the businessman was disappointed he had not been able to push through the stadium and take the Bluebirds to the Premiership.

He said: “I don’t think Sam could take us any further.

“It was too much money for him and this was a way for him to leave with his head held high.”

He accused the new money men of playing “hardball” and said: “It’s not fair on the fans. We are being held to ransom.

"Peter Ridsdale has stated in the past that it was a done deal and Sam can’t turn back. 

“How can they suddenly start saying this now?”

"I’m in the dark, we haven’t got a clue what’s going on and it’s very worrying. 

“Things are going bad on the pitch and we are going backwards off the pitch. 

“Was it a false dawn?”

City season ticket holder Mark Hansen, 25, a council worker, of Pentwyn, Cardiff, said: "It's up to Sam – no-one can make him sell, but if it's better for the club then I think he should. 

“City need new blood to take through the new stadium.”

Fellow season ticket holder Mathew Ashcroft, 22, a trainee accountant, of Pontprennau, Cardiff, said: “Sam has done his best for City over the years, but it’s time for him to go now.”</td></tr></tbody></table>

Sam Barn · Dec 20, 2006

RE: another article relating to the bluebirds problems

"I’m in the dark, we haven’t got a clue what’s going on and it’s very worrying. " ... No change there then !

And what would a pear-shaped stadium look like ? Might make a change from all those new lego ones

dreamboy3000 · Dec 20, 2006

If The Go In Administration We Should Go For Chopra. nt

leeds tyke has tha seen this??? I wouldn't fancy being a bluebird at the moment, looks like....

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leeds tyke has tha seen this??? I wouldn't fancy being a bluebird at the moment, looks like....

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