SUNDAY 26th SEPTEMBER 2010 UPDATE

On October 15th 2010 Peter Ridsdale will receive the final installment of his settlement with Cardiff City, even though he is no longer involved with the club in any capacity it is refreshing to know that there will be no ties between him and the club. It will feel like mission accomplished by thousands of City fans who felt they were treated unfairly by Ridsdale during his time here, no more so than when the demonstrations took place which was the beginning of the end for Peter Ridsdale.

When TG met Petet Ridsdale to discuss the terms of the settlement there were conditions put in place by TG which have become a benefit to the club. Ridsdale was entitled to a figure of approximately £1million but TG had him settle on a figure just under £500k which was paid to be paid in 3 installments, the first a very small figure to help Peter Ridsdale, who was alledgedly struggling financially, then he received the second payment just under 2 weeks ago and the as I said the last part will be paid on October 15th.

Another condition that was implemented was that Peter Ridsdale agreed to sell his shares that he was gifted during his time at the club. The price per share when Peter Ridsdale received them were 15.69p and when he had his infanous stadium completion bonus of £500k he immediately turn the bonus into shares but was able to buy them for 11.11p giving him exactly 4,545,455 shares at a price no one else was able to get them at. His shares actually dropped to 4,145,455 when Alan Flitcroft became Finance Director and Flitcroft then somehow owned 400,000 shares so I think it is safe to assume he received them from his friend Peter.

But who has agreed to buy Peter Ridsdale's shares and how much did Peter Ridsdale receive for them ?

The soon to be owners of the 10.1% of Shares that Ridsdale has, will be none other than TG and VT and the price I am told per share is 5p. This is significant news for us as we are now starting to see what so many have suspected would be the strategy by our Malaysian backers. The astute businessmen have reduced the original payments with many of the club's creditors during their first 4 months of involvement and this is further proof of the hard and sharp way they conduct business. What encouraging news we are hearing as City fans, they are not so slowly paying the creditors and will now take a larger stake in the club showing everyone of us that they are here to stay for the immediate and long term.

This latest news I understand is actually causing concern for PMG as they have yet to receive the £2million pound that they were expecting on September 1st just gone. PMG believe that the Malaysians will want to renegotiate their loans to a better deal that suits the Malaysians. I am encouraged by this stance of TG and VT and hope they finally rid the club of PMG.

With regards to Langston it appears that VT and TG could have a tougher time if they plan to try to reduce the £10million that they are owed as Langston are safe in the knowledge that if they don't receive their figure of £10million then the figure immediately rises to £24million, this will be an interesting side show to the bigger picture but there are many more dealings before this happens.

TG did not attend yesterdays game but Vincent Tan did and he was accompanied by his daughter and her university friends, anyone who seen them celebrating yesterday's goals and victory will be safe in the knowledge that VT and his guests thoroughly enjoyed their time.

After yesterday's game Dave Jones was not best pleased with the performance of the team and when he entered the dressing room and saw his team celebrating and high fiving each other he went beserk. Not one player escaped his anger at the performance he had just witnessed and he made sure they all knew how he felt, I am told that in the dressing room DJ showed the passion and emotion that many of our fans think he is devoid of. There was no rest for the players today he told them all to turn up for training this morning.

The injured players are all responding well to treatment and DJ believes that as long as we have no more injuries then all of his squad will be fit by the time of the international break.

There are rumours doing the rounds that Bellamy is out for 2-4 months, my sources tell me that this is simply not true and that he is expected to be back for the Barnsley trip. Craig is running but it is straight lines and no twists or turns and no impact training. Bellamy has yet to take part in squad training but will take part this week.

Olofinjana, as we told you last week, was close to making yesterdays game but obviously failed the late fitness test and will make it now for Tuesday barring nothing happens in training of course.

Michael Chopra is now hopeful of making the Barnsley game also.

Drinkwater and Riggott will be ready for the Bristol City game.

Dave Jones is also overseeing the contracts for the players and Whittingham and Blake are expected to sign in the not too distant and he has opened talks with Bothroyd's and McPhail's agents.

Chris Burke wants to stay and has told the club and his agent that he wants to stay at City and talks are expected to open this week.

There is a bit more confusing news regarding Adam Matthews and his new contract. Adam was promised by Peter Ridsdale and I am told that his contract also states that when he reaches 25 appearences he will kick in a clause that entitles him to a new contract, despite making it past 25 appearences Adam has not yet received his new contract offer. I know that Dave Jones has bemoaned the fact that Ridsdale was touting the kid about last season to raise much needed cash in desperation but this ultimately put more pressure on Adam and may have affected him. Matthews is a shy kid but DJ needs him to become a man quickly to truly be an asset to his squad. I understand that DJ believes that Adam is more suited to midfield rather than full back but the options he has in midfield when everyone is available will prove tough for Adam to break into. But it is vital that talks are opened soon with Adam's agent over the promised contract he has yet to receive before we lose another of our academy kids leaving for possibly nothing.

On a sad note, former player Tony Capaldi who is now with Morecambe has only been able to get himself a six month contract and has taken a huge drop in wages, falling from his previous £5,500 pw at City to £1000k pw at his new club. This is because he is not able to pass a medical because of his career threatening back problem. I know some will say he is lucky to receive the money he is on and that he is not fit should count himself fortunate but I am just letting you know that a former City player could soon be on the scrapheap at such a yound age.

On a lighter note I know that Annis has had an encouraging converstaion with the new owner of the Ninian Park Pub over some of the concerns raised by this forum. There will be extra staff serving in the lounge area for each City match from now on and also the rugby pictures in the Lounge will come down and make way for a dedicated City wall. The owner wants to accommodate the members of this forum and is thankful for the trade that we took in there yesterday and I hope everyone gives him time to get over the teething problems he faced yesterday.There is very good food on offer at excellent prices so get there early on Tuesday and try for yourself.

thanks carl great update as usual

Great/Superb Update Carl

Bye Riddler and you Deserve Nothing for your Shares, you paid ZERO for them.

I AM HAPPY THAT DJ is FINALLY SHOWING SOME SPUNK

thanks carl great update as usual

Cheers

Thanks for the update Carl

So if they buy these 10.1% of shares what will thteir total holding be?

Great/Superb Update Carl

Bye Riddler and you Deserve Nothing for your Shares, you paid ZERO for them.

I AM HAPPY THAT DJ is FINALLY SHOWING SOME SPUNK

Annis he paid nothing for them and he is receiving an amount for them that I wished he got nothing but there you go at least he will be gone and the Malaysians are taking a stronger hold.

As for DJ he will do the job.

cheers carl

Thanks again Carl for the update.Very positive news indeed.

Thanks for the update Carl

So if they buy these 10.1% of shares what will thteir total holding be?

The 10% was before the Malaysians bought their shares back in May, so it has reduced the amount down from 10% to afigure that I am unsure of but it will take them above 40%

Informative as ever cheers carl

Some excellent news especially about TG and VT who clearly have a plan. The fact they arent just throwing money at every problem like previous owners is great but are doing things in the right way.

Re Matthews is it in his contract that he had to be offered a new deal or just what PR said, as didnt Gosling leave Everton for free after he wasnt offered a new deal in time after a contract stipulation?

RE Capaldi, wish him the best, one of the nicest city players I have met, a good guy



Great update Carl

Thanks Carl great update

Some great news there the big nose b*stard finally gone. DJ showing passion let's hope that continues and players show it to when things are not going well on the pitch, to win promotion in this league you need passion and show fight. Thnaks for the update Carl.

Carl,

What is the betting Craig plays for Wales in the next two games..

Thanks Carl

Thanks for the update Carl

So if they buy these 10.1% of shares what will thteir total holding be?

The 10% was before the Malaysians bought their shares back in May, so it has reduced the amount down from 10% to afigure that I am unsure of but it will take them above 40%

So a step closer to the magic 51%

Any idea what else they are looking to do before they push for full control?

Some excellent news especially about TG and VT who clearly have a plan. The fact they arent just throwing money at every problem like previous owners is great but are doing things in the right way.

Re Matthews is it in his contract that he had to be offered a new deal or just what PR said, as didnt Gosling leave Everton for free after he wasnt offered a new deal in time after a contract stipulation?

RE Capaldi, wish him the best, one of the nicest city players I have met, a good guy



Great update Carl

Luke I am told it is in his contract, hope it gets sorted.

Capaldi, really is sad news.

Great/Superb Update Carl

Bye Riddler and you Deserve Nothing for your Shares, you paid ZERO for them.

I AM HAPPY THAT DJ is FINALLY SHOWING SOME SPUNK

I thought you needed a pair of balls for that, or a least one

Great/Superb Update Carl

Bye Riddler and you Deserve Nothing for your Shares, you paid ZERO for them.

I AM HAPPY THAT DJ is FINALLY SHOWING SOME SPUNK

I thought you needed a pair of balls for that, or a least one

Bye Peter, we will miss you - c**t!!!

Carl,

What is the betting Craig plays for Wales in the next two games..

I think he will Clive

Thanks Carl, once again a very informative read

Is there any news on anyone trying to get the Premier seats sold on a match by match basis or are PMG firmly closing the door on it (so to speak)?? It just seems such a complete waste every game being less than half full.

Great stuff carl thanks for the time you give keeping us updated

Thanks carl!!! Bluebirds

Thanks Carl, once again a very informative read

Is there any news on anyone trying to get the Premier seats sold on a match by match basis or are PMG firmly closing the door on it (so to speak)?? It just seems such a complete waste every game being less than half full.

This will be the next issue to sort out, PMG.

I know that PMG will not allow any seats to be sold on a single match basis, I hope TG and VT get what they want at a price that they see is fair, PMG want out and VT and TG want them gone.

thanks carl for your informative update

you are the man.

Lets hope they can work something out with Sam.maybe Life president?
As for T.C I would presume hes prepared for retiement.
£1k a week is still not bad .

Thanks Carl, another brilliant insight. With regards to Capaldi, didn't he bragg to some of his former Plymouth team mates via text message, how much wonga he was on at CCFC?

What the fleck is Riddler doing with his cash, he has earned fortunes from us, and is still struggling?...

Thanks Carl, another brilliant insight. With regards to Capaldi, didn't he bragg to some of his former Plymouth team mates via text message, how much wonga he was on at CCFC?

Rick I think it was more the case of him not believing the rise he recieved going from Plymouth to City