BBC Sport football


Related BBC sites

Page last updated at 19:43 GMT, Wednesday, 14 July 2010 20:43 UK

Cardiff City hold Langston debt meeting

Cardiff City

Cardiff City say that they have held a "cordial" meeting with major creditors the Langston Corporation.

Club chairman Dato Chan Tien Ghee and director Alan Whiteley met with Langston representative Sam Hammam, the former Cardiff City owner.

Cardiff's current debt to Langston is understood to stand at close to £15m.

A statement released by Cardiff on the club's website said that "the position regarding the debt and our obligations remains the same".

Cardiff had previously agreed to begin paying off the Langston debt in monthly instalments, with the first payment scheduled for January 2010.

Last week Cardiff City said the club had also paid off a month of the £1.3m tax bill it owes to Her Majesty's Revenue and Customs.

However, the transfer embargo imposed by the Football League still remains as the club has yet to lodge year end accounts for May 2009.

At the start of July speculation in a local newspaper forced the Championship club to issue a statement denying any possibility that Hammam would make a shock return to the club.

Controversial businessman Hammam brought an end to his six-year tenure as Cardiff City chairman in October 2006 after agreeing to sell his majority shareholding, with former Leeds United chief Peter Ridsdale taking over the role at the south Wales club.

Since then Ridsdale has also left Cardiff following investment from a Malaysian-based consortium, with Chan becoming chairman and Gethin Jenkins appointed as chief executive to run the club on a day-to-day basis.

Print Sponsor

see also
Cardiff make month's tax payment
08 Jul 10 |  Cardiff
Toshack feels for Cardiff plight
07 Jul 10 |  Cardiff
Cardiff hit with transfer embargo
06 Jul 10 |  Cardiff
Cardiff chairman cools fan fears
02 Jul 10 |  Cardiff
Cardiff deny Hammam will return
01 Jul 10 |  Cardiff
Cardiff admit late wages payment
30 Jun 10 |  Cardiff
Cardiff postpone Malaysian tour
29 Jun 10 |  Cardiff
Court confirms Cardiff bill paid
16 Jun 10 |  Cardiff
Cardiff's 6m investment approved
27 May 10 |  Cardiff
Cardiff 'settle' with creditors
11 Dec 09 |  Cardiff
BBC Sport Wales coverage
03 Oct 11 |  Wales

related bbc links:

related internet links:
The BBC is not responsible for the content of external internet sites