Cardiff City - FA Cup semi-finalist face major
legal battles
Andy Greeves
Cardiff City compete in their first FA Cup semi-final since 1927,
when they take on Championship rivals Barnsley at Wembley next month.
With only one Premiership side left in the famous old competition,
never has the Welsh side had such a great chance of bringing the
Cup back to Ninian Park for the first time in 81 years.
While City fans are concentrating on getting tickets for the big
game, the club's board is focusing on a far greater issue
- a make-or-break ruling over the club's financial future.
City's creditors Langston are taking the Bluebirds to the
High Court this week over £24m worth of unpaid loan notes,
which chairman Cardiff Peter Ridsdale insists are not due to be
repaid until 2016. Should the Swiss-based financier win the court
case, Cardiff City would have to make immediate repayments, inevitably
forcing the club, already £30m plus in debt, into administration.
Cardiff City are fully aware of the precarious nature of their
current position, especially given that building work is already
underway on the construction of their new £29m stadium. Ridsdale
admits that should City lose their legal battle, the ramifications
would "materially damage the club". The knock-on punishment
for entering administration would see Cardiff stripped of 10 Championship
league points, which would plunge them into the relegation zone.
The financial implications of losing their fight would also bring
about a mass sale of the club's best assets. Young stars such
as Joe Ledley and Aaron Ramsey would be amongst those likely to
leave Ninian Park in a desperate effort to balance the books.
The threat of administration has hung over Cardiff City for a
number of years, a situation exacerbated by the uncertainty over
repayments to Langston. Welsh international Chris Gunter was sold
to Tottenham Hotspur for £3m back in January, with Cardiff
claiming to be in no position to turn down the offer for one of
their best players. "The bid was of the magnitude that we
had to say yes", lamented Peter Ridsdale. "It's regrettably
one of the facts of life of Championship football is everybody is
for sale".
Cardiff's trips to court may not end with this week's High Court
appearance. Should City win the FA Cup, or be runners up to a Portsmouth
side that finishes fifth or above in the Premiership, they would
not be eligible to take a place in the UEFA Cup, open to the other
remaining FA Cup sides. The English Football Association have stated
on numerous occasions that they can't nominate Cardiff for a place
in Europe, on the grounds that they don't have the option to. As
Cardiff City are registered with the Welsh Football Association,
but play in England, they are deemed ineligible to play in European
competition by UEFA, as are Swansea City and Wrexham.
Peter Ridsdale has deemed the current ban on Cardiff City competing
in Europe as "wholly unacceptable". It would seem he
has point, given that teams in Cardiff's situation have recently
appeared in the UEFA Cup and Champions League. For example, FC Vaduz
have played in European competition, despite being a member of the
Swiss league. AS Monaco have also been regular members of the UEFA
Cup and Champions League, despite the fact that Monaco is an independent
principality and the club plays in France.
Ridsdale has vowed to take legal action to ensure City would be
able to take part in the UEFA Cup next season, should they be in
a position to qualify. "If we win the final and are then not put
forward to the UEFA Cup I am sure there will be a lot of people
with something to say", he remarked in Wales' Western Mail
newspaper. "It is completely wrong that a side like Cardiff City
can enter a number of mainstream competitions, yet find every avenue
to Europe blocked". Ridsdale is open to the possibility of Cardiff
City having a reserve side compete in the Welsh Premier League next
season, with the first team continuing to play in the English Football
League in order to resolve the issue. Whether this proposal becomes
reality is as uncertain as Cardiff's future.
Cardiff City's new stadium in Leckwith is set to open at the start
of the 2009/2010 season, a date by which the Bluebirds had originally
targeted a place in the Premiership. The current nucleus of talented
young players and size of the club's fan base are reasons to suggest
this target is realistic. Given the possibility of Cardiff entering
administration, it is equally feasible to suggest the team could
be playing in League One in 2009.
By which point, they could have added another FA Cup to their honours
list or finally broken back into Europe. While perilous, the next
few years promise to be anything than dull for Wales' biggest
club.
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