Post by QPR Report on May 1, 2010 8:36:08 GMT
Cardiff Official Site
CARDIFF CITY CLUB STATEMENT
Sat 01 May 2010
A statement by the board of directors of Cardiff City Football Club.
Agreement has been reached with regard to new funding for the company and restructuring of its existing debt. This will be put formally to a shareholder meeting on Thursday, May 27, 2010. As a result of this new fundraising, Peter Ridsdale, Chairman and Chief Executive of the Company, will be standing down from his position and leaving the Company on May 31, 2010.
Peter joined the Company in the summer of 2005 with a three-fold brief: Firstly, to assist in the construction of the new stadium, secondly to establish the Football Club within the Football League Championship, and thirdly to seek new funding. All three of these will have been completed by the shareholder meeting.
Therefore, Peter will leave with the best wishes and thanks of the board of directors and the shareholders of the Company for his energy, commitment and success in completing the tasks that were set for him. With the Club confirmed in the play-offs for the last place for promotion to the Premier League and having appeared the FA Cup Final in 2008 for the first time since 1927, off-the-field progress has been mirrored by success on the field.
We wish Peter every success in his future career.
www.cardiffcityfc.co.uk/page/NewsDetail/0,,10335~2040207,00.html
CARDIFF CITY CLUB STATEMENT
Sat 01 May 2010
A statement by the board of directors of Cardiff City Football Club.
Agreement has been reached with regard to new funding for the company and restructuring of its existing debt. This will be put formally to a shareholder meeting on Thursday, May 27, 2010. As a result of this new fundraising, Peter Ridsdale, Chairman and Chief Executive of the Company, will be standing down from his position and leaving the Company on May 31, 2010.
Peter joined the Company in the summer of 2005 with a three-fold brief: Firstly, to assist in the construction of the new stadium, secondly to establish the Football Club within the Football League Championship, and thirdly to seek new funding. All three of these will have been completed by the shareholder meeting.
Therefore, Peter will leave with the best wishes and thanks of the board of directors and the shareholders of the Company for his energy, commitment and success in completing the tasks that were set for him. With the Club confirmed in the play-offs for the last place for promotion to the Premier League and having appeared the FA Cup Final in 2008 for the first time since 1927, off-the-field progress has been mirrored by success on the field.
We wish Peter every success in his future career.
www.cardiffcityfc.co.uk/page/NewsDetail/0,,10335~2040207,00.html