Ridsdale set for New York talks

10 June 2009 13:55
The Bluebirds board is eager to end its association with the creditors who reportedly attempted to force an immediate repayment of City's £24million debt, despite the club insisting a settlement is not due until 2016. Reports in the Western Mail suggest any deal could involve a financial institution talking an equity of up to 10% in Cardiff. Ridsdale said: "The club has conducted talks with these banks for a number of months to repay the debt to Langston. "I would not be here in the States if issues could be resolved over the telephone. Matters have progressed further and meetings can now be done face to face. "The sooner we can pay off the debt and be masters of our own destiny the better."

Source: Team_Talk