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Posts Tagged ‘cardiff city’

Dodgy Football Fat Cats like Peter Ridsdale Must Be Punished

Banned Director Peter Risdale

Last month, the Insolvency Service banned football club chairman Peter Ridsdale (pictured) from holding company directorships for seven-and-a-half years. Under Ridsdale’s chairmanship, Cardiff City football club accrued debts exceeding £42m between 2006 and 2010. During the same period, Ridsdale secretly and unlawfully transferred more than £345,000 from Cardiff City into his personal bank account, and…

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Cardiff City Are Latest Victims of Premier League Financial Woes

Cardiff City Stadium

Executives at Cardiff City have revealed they were unable to pay players’ wages last month due to financial difficulties. It is expected the players will be paid this week, but make no mistake, the dangers facing a company that fails to pay staff wages should not be underestimated. Cardiff City escaped a winding-up petition at…

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How Are Winding Up Petitions Dismissed and Withdrawn?

Cardiff City Football Club was celebrating last week after having their winding-up petition dismissed at the High Court.The Bluebirds settled their £1.9m tax bill with Her Majesty’s Revenue and Customs (HMRC) on Wednesday following seven months of financial turmoil.

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