IT IS OFFICIAL

The funding has been approved and the agreememnts reached, now it is down to the shareholders to approve it and vote to sell the new shares to TG and Vincent Tan.

Peter Ridsdale will leave the club on May 31st and you will find he will be taking Alan Flitcroft, Keith Harris, Gareth Davies and Spencer with him.

The club released a statement early hours this morning :



CARDIFF CITY CLUB STATEMENT
Sat 01 May 2010
A statement by the board of directors of Cardiff City Football Club.

Agreement has been reached with regard to new funding for the company and restructuring of its existing debt. This will be put formally to a shareholder meeting on Thursday, May 27, 2010. As a result of this new fundraising, Peter Ridsdale, Chairman and Chief Executive of the Company, will be standing down from his position and leaving the Company on May 31, 2010.


Michael Isaac, Paul Guy and Steve Borley will also be Board members.

Good ridance to the Riddler! Hope your club goes onwards and upwards! You deserve it!

Carl exactly like you and This Forum announced before anyone else once again and still ccmb snipers had a go.They need to get a life and accept This Forum gets it Right 95% of the Time

COME ON YOU MIGHTY BLUEBIRDS

i wish peter ridsdale all the best in his next position, hopefully sweeping the rubbish up around ccs, good riddance to a complete and utter tosser


good news for us at last, its only foward and upwards for the bluebirds


AAMB 1ST WITH THE NEWS ALL THE TIME EVERYTIME

ONWARDS AND UPWARDS

details here

http://www.walesonline.co.uk/footballna ... -26354667/


Look forward to receiving my letter.
Some points about the article.

1. the news that Vincent Tan is definately involved is a highlight. He is a guy with REAL money who, if we did go up has the collateral to really push us on.

2. interesting that PMG are capitalising their loans and Guy is staying involved and in fact joining the board

3. Isaacs is joining the board - I wonder if his loan has been capitalised.

4. With other creditors doing deals then it seems that they really have been thorough with the restructure.

5. Although existing shareholders will see their shares watered down they at least keep their shares.

6. The bad news, the money ALREADY invested by TG will be converted into shares, so taking this at around £1m, plus the money needed to pay the tax bill - £1.9m (maybe up to £3m), and recent wage bill (net is about £600k), then its not going to mean a huge input of funds, most of which will most likely go on may's wage bill and paying creditors off.


Its a massive boost and a great day for the club !

made my weekend,thank u.

Tim, You changed your mind regarding standing for the Trust ?

Tim, we said in Feburary that Guy would be rejoining the board and also told that Isaacs was wanting in again and we have been consistent that Tan is involved.

But you are correct it is good to see these things come through.

Tim, we said in Feburary that Guy would be rejoining the board and also told that Isaacs was wanting in again and we have been consistent that Tan is involved.

But you are correct it is good to see these things come through.

Like Mystic Meg Carl

Seeing it all come together after months of drip drip of rumours and lots of haggling etc.. is a real relief for me.


Not that I doubted you, but it could have fallen apart at any time and left us with nothing.

Tim, You changed your mind regarding standing for the Trust ?

Morning Annis.

And what a fantastic morning !

At the moment I won't be standing for the Trust board. Maybe in the future. Plenty of good candidates this time anyway.

great news made even better by the fact we are in the play offs lets all hope we can push on and reach the promised land

At last we can breathe a lot easier and my blood pressure will drop. I realise that in the end there is going to be very little spare cash but we must all realise that with BOTH of our new investors involved they have the means to invest further if we gain promotion.
There is no way that they would want us to be the new whipping boys of the premiership as they would want to be associated with success. On the other hand I expect them to be prudent so we must not expect a Chelsea or Man City situation, just enough to consolidate our position.
I have always loved Malaysia it is a beautiful country and boy after the announcement I love the people, on the other hand I hate yorkshire bastards and all their little muppet money grabbing manipulative friends

WELCOME TG AND VINCENT TAN.

f**k OFF RIDSDALE NOW YOU TRY AND SORT YOUR OWN FINANCIAL PROBLEMS THAT YOU HAVE BROUGHT UPON YOURSELF !!!

HAHA BYE BYE RIDDLER YOU f*cking c**t! HOPE YOUR NEVER ALLOWED TO TOUCH ANOTHER FOOTBALL CLUB AGAIN, WELL IVE SENT MY LETTER TO THE F.A

BLOOOOOBIRDS

We kept the faith and it has been rewarded

Best news I've heard for a while.

Great news! Thank you Annis, Carl and everyone else for keeping us mere mortals updated

Just like to say a huge THANK-YOU to Carl & this MB you have been spot on with this outcome for a couple of months - great to see it go through so smoothly and as you predicted!

A win in the Play-off final is all that 's missing now!

Just like to say a huge THANK-YOU to Carl & this MB you have been spot on with this outcome for a couple of months - great to see it go through so smoothly and as you predicted!

A win in the Play-off final is all that 's missing now!

To the winner of the play off final - That game will be worth £1million pound per minute played! £90m in extra revenue for entering the premier league! Its almost doubled in the last 6 years, and i sure as hell hope we can get to the final and beyond - The club would be in a FANTASTIC position should the outcome we all desire to happen. Investment, Premier League revenue, Restructure, and the likes of TG and VT on board! Im extremely excited - but keeping my feet firmly on the ground. Its a rocky road yet - but this IS the best chance we've ever had to awaken the sleeping Giant that is Cardiff City Football Club.

Great news! Thank you Annis, Carl and everyone else for keeping us mere mortals updated

We are all entitled to know whats going on Ackers

Just like to say a huge THANK-YOU to Carl & this MB you have been spot on with this outcome for a couple of months - great to see it go through so smoothly and as you predicted!

A win in the Play-off final is all that 's missing now!

that would be the cherry on top

Cheer Carl and Annis for the updates during this nerve wracking past 12 months, so glad its come true

Cheer Carl and Annis for the updates during this nerve wracking past 12 months, so glad its come true

It has been hard arguing the case against some but very glad it has all come through as we have maintained it would

great news, the first time I see Vincent Tan in Cardiff I think I will wet myself

Will the monies owed to HMRC be paid by Tuesday?

Its just from comments on the official site - it appears no monies will be transferred until the share sale is ratified at the egm at the end of May.

Surely it would be playing a risky game if we go to court, where we are supposed to pay the HMRC and say this is not the case and they wont be paid until the investment is confirmed at the end of May?

Tim, we said in Feburary that Guy would be rejoining the board and also told that Isaacs was wanting in again and we have been consistent that Tan is involved.

But you are correct it is good to see these things come through.

Fair play you have been spot on with everything.

The funding has been approved and the agreememnts reached, now it is down to the shareholders to approve it and vote to sell the new shares to TG and Vincent Tan.

Peter Ridsdale will leave the club on May 31st and you will find he will be taking Alan Flitcroft, Keith Harris, Gareth Davies and Spencer with him.

The club released a statement early hours this morning :



CARDIFF CITY CLUB STATEMENT
Sat 01 May 2010
A statement by the board of directors of Cardiff City Football Club.

Agreement has been reached with regard to new funding for the company and restructuring of its existing debt. This will be put formally to a shareholder meeting on Thursday, May 27, 2010. As a result of this new fundraising, Peter Ridsdale, Chairman and Chief Executive of the Company, will be standing down from his position and leaving the Company on May 31, 2010.


Michael Isaac, Paul Guy and Steve Borley will also be Board members.

Fantastic now how many tens of millions will we have for new players, if they haven't got the cash they can borrow it !!!

ONWARDS and UPWARDS AS THIS FORUM SAYS

yep great things are on the horizon for the mighty city.

nothing been said officaly about the tax bill has in been paid?