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Last Updated: Tuesday, 30 October 2007, 07:35 GMT
Ridsdale calms new stadium fears
Peter Ridsdale
Ridsdale is confident that Cardiff City will win their legal battles
Cardiff chairman Peter Ridsdale says the resignation of Mike Hall from the club's board should not signal that plans for a new stadium are in danger.

"Mike remains a director of the stadium company," Ridsdale told BBC Wales.

"I hope that will reassure everybody of our confidence that everything is going to go well with the stadium.

"He and I both still sit on that board. He stepped down from the football club board for the right reasons from a legal perspective."

Former Wales rugby captain Hall stepped down because of the dispute with financial backers Langston over �24m of loan notes.

606: DEBATE

Hall is also a director of PMG Associates, another of the club's major creditors, which might have left him facing a conflict of interest.

However, he remains part of the process that should see the club build a new state-of-the-art stadium at Leckwith, close to their current but aging Ninian Park home.

Langston's solicitors, Hextalls, claim the club's board was mismanaging its finances and misleading supporters, and said the money had to be paid immediately.

Cardiff dispute this and insist the loan is not due to be paid back until 2016.

"If Langston, or those people representing Langston, were to do the right thing and sit down and talk to us and resolve this, we wouldn't be having any of this nonsense anyway," Ridsdale added.

"On the 21st of November we expect to be in court and we expect to win.

"It is currently draining this club of cash that would otherwise be spent on the team - far too much money is going into the hands of solicitors."



SEE ALSO
Hall parts company with Bluebirds
29 Oct 07 |  Cardiff City
Cardiff warning over legal battle
24 Oct 07 |  Cardiff City
Hammam 'casting shadow' over club
25 Sep 07 |  Cardiff City
Ridsdale offers to quit Cardiff
21 Sep 07 |  Cardiff City
Cardiff chief rejects debt claim
15 Aug 07 |  Cardiff City
Cardiff facing court over '�30m'
15 Aug 07 |  Cardiff City
BBC Sport Wales coverage
24 Dec 06 |  Wales


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