Wed Feb 03, 2010 6:03 pm
This was sent to me! You probably have already seen it but i said i would put it on anyway!!!!
30-5-2009
PETER RIDSDALE FIRM GOES BUST
Cardiff chairman suffers new business blow
TAXING TIME - Peter Ridsdale
PETER RIDSDALE FACES PROBE
Cardiff chairman's firm owes the taxman close to £374,000
PETER RIDSDALE led the once-mighty Leeds United to ruin - and has now suffered another business blow.
The consultancy firm owned by the Cardiff chairman has gone bust owing nearly £374,000 to the taxman.
During Ridsdale's time at Elland Road, Leeds reached the 2001 Champions League semi-finals but were relegated from the top flight in 2004 with £121million of debt.
His company WH Sports went into liquidation last month after racking up debts close to £410,000, with HM Customs and Revenue the biggest creditor.
The revelation will be hugely embarrassing for Ridsdale - and may cue calls for the Yorkshireman to resign as Bluebirds chairman.
Cardiff's latest set of accounts showed WH Sports were paid £325,000 by the Championship club in 2008 for 'consultancy services'.
The year before, Ridsdale's firm was paid just over £1m by the Bluebirds, sparking fury among fans as the club lost nearly £5m.
Ridsdale claimed half the fee was a bonus for saving the club from administration and he reinvested it in Cardiff shares.
Ridsdale, 57, and second wife Sophie, 42, are the sole directors of WH Sports
He is already under fire after Cardiff lost £1m last year as their total debt rose to £32m - in spite of making the FA Cup final and raising £5m in transfers
Wed Feb 03, 2010 6:07 pm
Cheers Sam,
PR goes mad when any one talks about this subject.