Ridsdale fears for Cardiff

Last updated: 5th December 2007   Subscribe to RSS Feed

Ridsdale fears for Cardiff

Ridsdale: Fears

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Cardiff chairman Peter Ridsdale believes the imminent court case brought by creditors against the Bluebirds could jeopardise the future of the club.

Creditors are taking Cardiff to the High Court on 10th December over claims they are owed in excess of £30million.

Cardiff insist the money is not repayable until 2016 and Ridsdale fears that, if the club do not win the case, there could be a danger of administration action which could threaten their Championship status.

"If we were to lose we would go straight into administration - it's a straightforward situation," said Ridsdale.

"The club's Championship status would be determined by the amount of points we collect come the end of the season, minus 10."

Ridsdale has also revealed that Cardiff's Ninian Park stadium ownership would also be under-threat if the club goes into administration.

"In terms of the stadium, it would depend who buys the football club and whether they prove to be an acceptable partner for the council and whether they have got enough money to finish the stadium off, which would probably be about £20million," Ridsdale concluded.