The Alternative Ridsdale Statement
Fri Mar 05, 2010 9:51 pm
CARDIFF CITY STATEMENT
Fri 05 Mar 2010
Cardiff City Football Club Limited.
Adverts have been taken out by Annis Abraham in the local media asking for our supporters to march (pfft!!) prior to this coming Saturday's home match against Middlesbrough. In this advert he is asking the Club to answer questions with regard to the Club's finances which of course we never have nor ever will answer, whatever you may do.
Annis has a small number of shares and attended last week's EGM , quite why I see this as relevant I'm not sure, but he did incidentally pay for his shares whilst my approximate 10% stake in the club has been given to me along with a substantial wage, bonuses and expenses on top too, who would you respect more? Swine infidels. Pfft!!! Following the EGM, a presentation was made which completely failed to address each of those questions. Annis already has the answers, well, what I was prepared to say to cover my own arse of course, the rest of the fans can rot in hell.
Maybe the true reason that Annis wants our supporters to march is so that he can destabilise the Club from it's impressive progress towards administration or liquidation. Then what? Give the club a chance of survival? Are you prepared for the consequences of that? Are you really prepared to give the club a fighting chance of survival?
We are currently seeking external investment. Today I can announce that we are closer than ever to clinching this deal, but I cannot say any much than that for now. What I can say is that we should know soon and that we have several good chances of securing this vital and substantial investment, all that is required is crossing the "I's" dotting the "t's" and selecting the right 6 numbers. Will a march against the current management or the Club assist that? The answer is simple. No, we are absolutely fucked anyway.
This Club has made tremendous progress over the last five years. A new stadium, which has crippled us financially, an FA Cup Final appearance, which we lost & accumulated huge operating losses in the progress, the highest league finish since 1971, not that there has been much competition or someone stupid enough to risk the club's very existence to "warrant" such a boast and positive net assets, a fiscal term for we are absolutely fucked and can't pay our bills, for the first time for many years.
We have short-term cash challenges like many football clubs, though not all football clubs have and will be subject to several winding up orders, an ever growing list of creditors and an astronomical wage bill that outsrips turnover over a sustained period. Over the last five years we have had to be self sufficient. We haven't got anywhere near acheiving that mind, indeed I'm proud to say we have increased the debt considerably, despite selling off major assets from once in a life-time talents for peanuts, to pieces of land, whilst next week we are having a car boot sale. We have not had external investment topping up the football club's financial needs, despite operating as if some fairy godmother was indeed subsidising us to the tune of £10m+ a year to offset our operating losses and allowing us to pay back nominal amounts of debt. Now we have the new stadium and with positive net assets we have a chance to attract external investment, just the same as we have a chance of those 6 numbers coming up. They are not one and the same. Okay, they are, but don't tell anyone, it won't look good on me. This will not be forthcoming if they see our supporters demonstrating in the streets, you will merely drive such investors as I will now illustrate;
Firstly, would any prospective investors be unduly perturbed to see fans demonstrating against the present incumbents, thus making them more keen to sell and weakening their position of power and bargaining position, not that they have one given our position? Secondly, would propsective investors be so concerned to see that fans have the passion to fight for the very entity they propose investing a huge amount of their money in? Thirdly, wouldn't it be the cold hard facts of our perilous financial position uncovered during due dilligence that is the real contentious issue for them, nothing else? That is without even touching on the sheer incompetence displayed by me and the club as a whole on so many fronts. It seems some, including certain board members and certainly myself, are happy to circulate this myth with the intention to divert blame from me, themselves, or simply to back up their stance, but the inconvenient truth is the only people who are hindering the club, making us a laughing stock, heaping embarrassment on the club and treating the fans with the most despicable contempt is the current board, headed by me... Okay, may be the protest is good, but please don't do it for me, it's not good for me, f**k the club? I've had a hard time lately, I really need the money as I'm on a good screw here and have a pressing personal issue hanging over my head that would stop me owning a papershop when I retire with my 30 pieces of silver.
Then what? Give the club a chance of being snapped up on the cheap and the club a chance of a fresh start? Pffft!!!
If anyone agitates for change they have to have an alternative. Where else could you find someone for £500k per annum plus bonuses plus expenses who could f**k a football club up better than me? Annis has no alternative, indeed no-one does because I'm simply the best as my record proves. If he has or if anyone else has, then let them come to put such proposals to us because frankly we won't listen anyway. My door is always open for opportunists like Ben Steele, dodgy Americans and the like, the fans just get in the way.
It is now time for all Cardiff City supporters to decide whether they want this Club to thrive and move forward or to throw away everything that has been achieved over the last five years. If it is the latter, you must not rock the boat and certainly do not march tomorrow, if the former, then fine, throw me and the rest of the Board to the wolves. On many occasions Annis has made it clear to me personally that he never wanted to leave Ninian Park. Quite what relevance this has other than he disagres with me, I'm not sure, but the prick had the temerity to disagree with me. Pffft!!! Maybe we have a different vision for the future of this football club and the only right one is mine.
Anyone who wants to have constructive dialogue can meet with me or my colleagues at any time, so long as this constructive dialogue agrees completely with me and massages my ego. Anyone coming up with constructive comments that we do not agree with will be ignored. If we can no longer ignore them we will threaten police involvement or attempt to publicly humiliate them and even defame them if necessary. We only have the best interests of Cardiff City's board at heart, lining our own pockets and ripping the piss out of the fans are just additional perks. I hope that this is a mutually shared objective, otherwise we, meaning me and the Board, could be in the shit.
Anyone thinking of joining this march should look themselves in the mirror and ask if they really care about Cardiff City Football Club and its ability to be a cash cow for me and the rest of the board and hurtle headlong into administration or liquidation? If the answer is yes, then come straight to the ground, enjoy the match and support the Club. If the answer is NO, then join the march and you might, just might make a difference.
Peter Ridsdale, Chairman/ Chief Executive/ Manager/ Star centre forward/ Chief Scout/ Legend/ Entrepreneur/ Son of God .
5th March 2010.
Fri 05 Mar 2010
Cardiff City Football Club Limited.
Adverts have been taken out by Annis Abraham in the local media asking for our supporters to march (pfft!!) prior to this coming Saturday's home match against Middlesbrough. In this advert he is asking the Club to answer questions with regard to the Club's finances which of course we never have nor ever will answer, whatever you may do.
Annis has a small number of shares and attended last week's EGM , quite why I see this as relevant I'm not sure, but he did incidentally pay for his shares whilst my approximate 10% stake in the club has been given to me along with a substantial wage, bonuses and expenses on top too, who would you respect more? Swine infidels. Pfft!!! Following the EGM, a presentation was made which completely failed to address each of those questions. Annis already has the answers, well, what I was prepared to say to cover my own arse of course, the rest of the fans can rot in hell.
Maybe the true reason that Annis wants our supporters to march is so that he can destabilise the Club from it's impressive progress towards administration or liquidation. Then what? Give the club a chance of survival? Are you prepared for the consequences of that? Are you really prepared to give the club a fighting chance of survival?
We are currently seeking external investment. Today I can announce that we are closer than ever to clinching this deal, but I cannot say any much than that for now. What I can say is that we should know soon and that we have several good chances of securing this vital and substantial investment, all that is required is crossing the "I's" dotting the "t's" and selecting the right 6 numbers. Will a march against the current management or the Club assist that? The answer is simple. No, we are absolutely fucked anyway.
This Club has made tremendous progress over the last five years. A new stadium, which has crippled us financially, an FA Cup Final appearance, which we lost & accumulated huge operating losses in the progress, the highest league finish since 1971, not that there has been much competition or someone stupid enough to risk the club's very existence to "warrant" such a boast and positive net assets, a fiscal term for we are absolutely fucked and can't pay our bills, for the first time for many years.
We have short-term cash challenges like many football clubs, though not all football clubs have and will be subject to several winding up orders, an ever growing list of creditors and an astronomical wage bill that outsrips turnover over a sustained period. Over the last five years we have had to be self sufficient. We haven't got anywhere near acheiving that mind, indeed I'm proud to say we have increased the debt considerably, despite selling off major assets from once in a life-time talents for peanuts, to pieces of land, whilst next week we are having a car boot sale. We have not had external investment topping up the football club's financial needs, despite operating as if some fairy godmother was indeed subsidising us to the tune of £10m+ a year to offset our operating losses and allowing us to pay back nominal amounts of debt. Now we have the new stadium and with positive net assets we have a chance to attract external investment, just the same as we have a chance of those 6 numbers coming up. They are not one and the same. Okay, they are, but don't tell anyone, it won't look good on me. This will not be forthcoming if they see our supporters demonstrating in the streets, you will merely drive such investors as I will now illustrate;
Firstly, would any prospective investors be unduly perturbed to see fans demonstrating against the present incumbents, thus making them more keen to sell and weakening their position of power and bargaining position, not that they have one given our position? Secondly, would propsective investors be so concerned to see that fans have the passion to fight for the very entity they propose investing a huge amount of their money in? Thirdly, wouldn't it be the cold hard facts of our perilous financial position uncovered during due dilligence that is the real contentious issue for them, nothing else? That is without even touching on the sheer incompetence displayed by me and the club as a whole on so many fronts. It seems some, including certain board members and certainly myself, are happy to circulate this myth with the intention to divert blame from me, themselves, or simply to back up their stance, but the inconvenient truth is the only people who are hindering the club, making us a laughing stock, heaping embarrassment on the club and treating the fans with the most despicable contempt is the current board, headed by me... Okay, may be the protest is good, but please don't do it for me, it's not good for me, f**k the club? I've had a hard time lately, I really need the money as I'm on a good screw here and have a pressing personal issue hanging over my head that would stop me owning a papershop when I retire with my 30 pieces of silver.
Then what? Give the club a chance of being snapped up on the cheap and the club a chance of a fresh start? Pffft!!!
If anyone agitates for change they have to have an alternative. Where else could you find someone for £500k per annum plus bonuses plus expenses who could f**k a football club up better than me? Annis has no alternative, indeed no-one does because I'm simply the best as my record proves. If he has or if anyone else has, then let them come to put such proposals to us because frankly we won't listen anyway. My door is always open for opportunists like Ben Steele, dodgy Americans and the like, the fans just get in the way.
It is now time for all Cardiff City supporters to decide whether they want this Club to thrive and move forward or to throw away everything that has been achieved over the last five years. If it is the latter, you must not rock the boat and certainly do not march tomorrow, if the former, then fine, throw me and the rest of the Board to the wolves. On many occasions Annis has made it clear to me personally that he never wanted to leave Ninian Park. Quite what relevance this has other than he disagres with me, I'm not sure, but the prick had the temerity to disagree with me. Pffft!!! Maybe we have a different vision for the future of this football club and the only right one is mine.
Anyone who wants to have constructive dialogue can meet with me or my colleagues at any time, so long as this constructive dialogue agrees completely with me and massages my ego. Anyone coming up with constructive comments that we do not agree with will be ignored. If we can no longer ignore them we will threaten police involvement or attempt to publicly humiliate them and even defame them if necessary. We only have the best interests of Cardiff City's board at heart, lining our own pockets and ripping the piss out of the fans are just additional perks. I hope that this is a mutually shared objective, otherwise we, meaning me and the Board, could be in the shit.
Anyone thinking of joining this march should look themselves in the mirror and ask if they really care about Cardiff City Football Club and its ability to be a cash cow for me and the rest of the board and hurtle headlong into administration or liquidation? If the answer is yes, then come straight to the ground, enjoy the match and support the Club. If the answer is NO, then join the march and you might, just might make a difference.
Peter Ridsdale, Chairman/ Chief Executive/ Manager/ Star centre forward/ Chief Scout/ Legend/ Entrepreneur/ Son of God .
5th March 2010.
Re: The Alternative Ridsdale Statement
Fri Mar 05, 2010 9:52 pm
Re: The Alternative Ridsdale Statement
Fri Mar 05, 2010 9:57 pm
like reading a novel, 
Re: The Alternative Ridsdale Statement
Fri Mar 05, 2010 9:59 pm
Re: The Alternative Ridsdale Statement
Fri Mar 05, 2010 10:03 pm
Post of the day 
As sharp and pertinent as PRs was sad, tired and devisive.....
1:30pm - I'll be there
As sharp and pertinent as PRs was sad, tired and devisive.....
1:30pm - I'll be there
Re: The Alternative Ridsdale Statement
Sat Mar 06, 2010 9:20 am
Cheers guys, incurred the wrath of Mrs Salad in doing so, but enjoyed indulging myself at Mr Ridsdale's expense nonetheless!