Wednesday 14 November 2007

ha-

http://football.guardian.co.uk/Columnists/Column/0,,2210635,00.html

The curse of Ridsdale stikes again.

"A High Court hearing scheduled for next week that could determine the future of Cardiff City has been postponed until next month. The Swiss investment bank Langston is seeking £24m it claims it is owed by the club as part of a deal struck when Peter Ridsdale took over from Sam Hammam. Although Hammam has regularly acted as Langston's "intermediary", he refuses to confirm whether he has a formal connection. Langston has applied for a summary judgment which, if successful, would tip the club into administration, but Ridsdale is privately confident the club will succeed when the case is heard in early December."

The guy's record is a nightmare. Leeds Meltdown. Barnsley Meltdown. Cardiff Meltdown. His record for financial incompetence is as certain as Ken Bates' for financial impropierty. What I love is the statement "Ridsdale is privately confident" , I am sure he was privately supremely confident that Leeds' debt would not spiral to £103 million too.

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