Peter Ridsdale Strikes Again! (Cardiff in trouble)

Monday, 31 December 07, 01:17 AM

Well, here's a surprise. Peter "Prudent Financial Genius" Ridsdale is at the head of a club that is facing administration and battles with creditors. Sound familiar? Of course it does... because our friend Peter is responsible for the fall (and to be fair, the meteoric rise before that) of Leeds United Football Club. I'll never really be too harsh on him, because I hated Leeds, but really... who hires an administrative head who spends £250,000 a year on tropical fish, £11m on Robbie Fowler, and gives Seth Johnson a first and final contract offer of £50,000 a week.

Well, Cardiff City did.

I'm not sure what exactly they had in mind when appointing Ridsdale as Chairman, but it certainly wasn't common sense. Ridsdale was initially appointed in 2006 as Vice-Chairman to help with Cardiff's project for a new stadium (this is the man who borrowed £60m against future gate receipts at Leeds, and lost the stadium in the process), but was made Chairman when Sam Hammam stepped down. Quite what struggling Cardiff expected, i'm not sure, but they also seemed to have ignored the fact that in between these two forays, he was responsible for buying Barnsley and almost sending them into liquidation.

Ridsdale has now warned Cardiff fans that the club could go into administration if they lose their legal battle against Swiss firm Langston, who are their biggest creditors. Cardiff owe them £30m, and the Bluebirds are insisting that they don't have to pay the money back until 2016, whereas Langston want it NOWWWW.

Said P.Riddy - "If we were to lose we would go straight into administration - it's a straightforward situation, the club's Championship status would be determined by the amount of points we collect come the end of the season, minus 10." Recently relegated Leeds and Luton have both suffered the 10 point administration penalty, and it's no joke for a struggling side.

Amusingly enough, the Stadium project which he was brought in for over a year ago is still unfinished. The Cardiff City council had granted them unconditional funding for the project, which involved a new stadium and accompanying athletics facility to replace the ruinous Leckwith Athletics site in the city. However, this is severely in doubt now, and if the club went into administration, the council would most certainly rethink its decision for unconditional funding.

Said P.Riddy again - "In terms of the stadium it would depend who buys the football club, whether they prove to be an acceptable partner for the council and whether they have enough money to finish the stadium, which would probably be about £20m."

Excellent stuff Peter! Cardiff now have to find approximately £50m pounds to complete the stadium AND satisfy their creditors (assuming the case is lost).

Like this blog? Help spread the word:

Spacer Spacer
0
Posted by SM | Comments (2)

AFC Bournemouth Staying Up!

Sunday, 29 April 07, 12:16 AM

I decided to go down to Poole/Bournemouth for the weekend and take in AFC Bournemouth's last home game of the season, against Gillingham. A good run over the last 2-3 month has seen them move out of the relegation zone and before Saturday's game, they were 5 points clear of safety ahead of Bradford (oh how the mighty have fallen - I remember Paul Jewell managing them to 1-0 win against Liverpool on the last day of the season at Anfield to beat the drop not-so-long-ago). Although safety was not assured, it was more or less predicted.

Well, as it happens so often (or so rarely) in football, everything just clicked on the day, and perfectly. Bournemouth went a goal down, but soon Chesterfield were beating Bradford 1-0. Chesterfield then scored a second to make things even more secure for the Cherries, and then Bournemouth equalised through a very nicely taken James Hayter goal to put the fans in terrific spirits. And by the time Chesterfield scored their third, the Bournemouth fans were all getting ready to run onto the pitch and celebrate.

An interesting backdrop to all of this was the plight of Leeds. I hate Leeds. Bournemouth fans hate Leeds. We have that in common.

Anyways, back in 89/90, Leeds had come down to Bournemouth for an away game, which they won. Leeds fans, being a bunch of utter ****ing yobs proceeded to trash and destroy the entire Bournemouth Town Centre and surrounding stadium areas, and since the game was on a bank holiday, the local police decided that there would be no more football on bank holidays - which is horrible really, since it's one of the few weekday opportunities for teams to get in big crowds. Anyways, Leeds went on to gain promotion (Bournemouth were relegated) and haven't played the mighty Cherries since. And so Bournemouth fans hate them. I hate Leeds because of Harry Kewell, Lee Bowyer, Rio Ferdinand, Ian Harte, Alan Smith and the other host of generally disgusting c*nts they always never seem to be short of.

But back to their "plight"; Leeds were in the relegation zone just below Hull in the Championship. Hull were playing playoff-chasing Cardiff away, and Leeds had Ipswich at home, so there was every chance that they could get out of the relegation zone. But, as I said before... "everything clicked". Leeds had gone 1-0 up at home to Ipswich, but Hull went 1-0 up away at Cardiff a bit later. Still not too bad for Leeds, but then the Bournemouth fans got a fantastic boost just before full-time when Ipswich scored. Hull held on to win, the Leeds yobs invaded the pitch with 30 seconds left to get the match halted and started fighting with each other, but then had to wait around and watch those remaining 30 seconds be played out. They're mathematically almost gone.

So sing along with the AFCB fans to the tune of Yellow Submarine

"Leeds are going down and we're staying up, we're staying up, we're staying up"

Like this blog? Help spread the word:

Spacer Spacer
0
Posted by SM | Comments (2)