Boss Jones signs new Cardiff deal

Jones has helped oversee a turnaround in Cardiff City's fortunes

Cardiff City manager Dave Jones has signed a new contract with the club.

There is no length of time put on the contract, but Jones has agreed to a clause to give 12 months notice or else a hefty compensation must be paid.

Jones, 51, has also put aside part of his salary to buy shares in the ambitious Championship club.

"I've been discussing this deal for about seven months so now that it's done and dusted I'm really pleased," Jones told BBC Wales Sport.

"I've started building something there - it's a club on the up and expectation levels have risen.

606: DEBATE He's the best manager outside the premiership, and arguably better than most premiership managers atreyu1989

"Not many managers get the opportunity to build something because normally when you go to a club a lot of things are already in place.

"But there was nothing in place at Cardiff so everything we're putting in there now is coming from us."

Jones began his Bluebirds reign in May 2005, having previously enjoyed success with Wolverhampton Wanderers, Southampton and Stockport County.

Under the stewardship of Jones and chairman Peter Ridsdale, Cardiff seem to be on their way to putting their debt-ridden days behind them.

Work has begun on a new stadium at Leckwith, with the Bluebirds pulling off the recent coup of signing former England and Liverpool striker Robbie Fowler on a free transfer.

"What has happened here in the last months has been nothing short of a miracle in many respects," Jones added.

"One minute we were going out of business - the stadium wasn't getting built and the training ground is falling through, then all of a sudden everything's taken off within the last four months.

"It's like a runaway horse - you try to pull it back but it just wants to go quicker and quicker.

"These are exciting times and I think the last person to try to do what Cardiff are doing is Sam Allardyce at Bolton.

"It's a challenge and won't be easy, but I'm certainly looking forward to it."