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Page last updated at 07:33 GMT, Monday, 4 January 2010

Cardiff insist club not in danger

Cardiff City

Cardiff insist its financial future is not under threat after the News of the World said the club faces a winding up order over an unpaid £2.7m tax bill.

Chairman Peter Ridsdale said the club is "trading as normal", though his statement made no mention of the possibility of a winding-up order.

Cardiff say police are investigating the club's assertion that information in the story is from stolen documents.

"Information has then been used out of context," said the Cardiff statement.

The News of the World and Her Majesty's Revenue and Customs (HMRC) have been contacted to ask for their response.

Cardiff City Supporters' Trust say they may seek an extraordinary general meeting of the football club after the fresh speculation.

BBC Sport understands that Ridsdale offered to resign from the Cardiff board on Sunday, citing his frustration and anger over what he claims is inaccurate reporting.

Ridsdale's statement on the Cardiff City website reads:

"Cardiff City Football Club is concerned at the article in one of [Sunday's] national newspapers.

"Some of the information contained within this article can only have come from documents which have been stolen from officials at the club and are currently the subject of a police investigation.

"We are also taking legal advice with regard to the damaging contents of this article.

"This information has then been used out of context, is not the latest position, nor does it contain all the current facts and is therefore inaccurate.

"We are happy that Cardiff City Football Club's relationships with its creditors including HMRC are such that we will not have any financial issues that will affect the ability of the club to continue to trade as normal in all aspects of its business."

Cardiff had a winding-up order dismissed by the High Court last month after the club did a deal with HMRC over an undisclosed debt.

The Bluebirds also reached a settlement with the Langston Corporation in December over a long-standing £15m debt.

Malaysian businessman Datuk Chan Tien Ghee is a recent addition to the club's board, bringing hopes of fresh investment.

The play-off contenders have had their transfer kitty boosted thanks to a season ticket initiative which will see supporters get a full refund on their 2010/11 passes should Cardiff win top-flight promotion.

The Bluebirds have sold more than 10,000 season tickets for next season already, prompting manager Dave Jones to say he hopes to "do a lot of damage" in the January transfer window with an estimated £3m war kitty.

Some of Cardiff's star names will be targeted by other clubs in January, though, teenage full-back Adam Matthews a much-sought prize.

Joe Ledley's Bluebirds contract runs out in the summer, and the Wales midfielder is sure to again be at the centre of transfer speculation.



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see also
Jones hopes for 3m transfer pot
01 Jan 10 |  Cardiff
Ridsdale backs under-fire Jones
30 Dec 09 |  Cardiff
Cardiff see off winding up order
16 Dec 09 |  Cardiff
BBC Sport Wales coverage
03 Oct 11 |  Wales


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FROM OTHER SPORT SITES
Football365.com Ridsdale Rejects Administration Talk - 1 hr ago
The World Game Ridsdale denies admin reports - 9 hrs ago
Guardian.co.uk Ridsdale denies Cardiff administration reports - 14 hrs ago
GiveMeFootball.com Ridsdale dismisses administration claim - 15 hrs ago
Sky Sports Ridsdale rejects Cardiff fears - 16 hrs ago