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Last Updated: Thursday, 20 March 2008, 11:05 GMT
Ridsdale calls for Cardiff talks
Peter Ridsdale
Ridsdale wants to settle the dispute out of court
Cardiff chairman Peter Ridsdale says the club has spent almost �500,000 on its legal battle with Langston.

The Swiss investment bank wanted a �24m loan repaid immediately, but a High Court judge rejected that claim.

Ridsdale told BBC Radio Wales he wants to sit down with former Cardiff owner Sam Hammam, who is behind Langston, and prevent a full trial taking place.

"Hopefully we will resolve things around the table, where it should have been in the first place," he said.

"We've been through seven months of unnecessary expense and unnecessary stress and yesterday brought some relief to that so we can concentrate on the future on the field this season."

Langston wanted �24m of a total �31m in loans to be repaid immediately.

We are still absolutely certain that if this goes to full trial, we will win

Cardiff chairman Peter Ridsdale

However, the FA Cup contenders claimed the loan was not repayable until 2016 and the club could face an uncertain future if it lost the case.

Langston had sought "summary judgment" - meaning the club should pay up now.

But Mr Justice Briggs, sitting in London, dismissed the claim.

As a result, the case could now go forward to a full trial if both sides cannot resolve the issues within two months.

Cardiff's former chairman Sam Hammam has been named by the club's barrister as the man behind Langston.

"We will be approaching Langston and saying now is the time to get around the table and resolve it," said Ridsdale.

"Obviously we've had difficulty up to now who Langston are or were.

"But I think the judge accepted in our assertion that Mr Hammam is a fundamental part of Langston.

Sam Hammam
Hammam was named as the man behind Langston

"If he (Hammam) is truthful to his word which is that he doesn't want to do anything to damage Cardiff City the sooner he demonstrates that by sitting in a room with us and resolving it the better.

"Our lawyers are certainly going to call his lawyers and we will get into that process as soon as possible."

When asked how much the club had spent on the legal battle," Ridsdale said: "Almost �500,000."

"It is money that would otherwise have been invested in the squad and clearly that's a financial distraction for anybody.

"The football club is as good as its performances on the field and this has been a distraction for me in terms of my time and focus and obviously financially."

But Ridsdale said should the case go to a full trial, he was confident of winning it.

"We've always said we owe Langston the money," he said. "We are still absolutely certain that if this goes to full trial, we will win.

"And I think yesterday's judgement points in that direction and therefore surely everybody must acknowledge that it's far better to sit around the table and resolve it."



SEE ALSO
Cardiff awaiting March court date
12 Dec 07 |  Cardiff City
Pressure grows on Cardiff finance
07 Dec 07 |  Cardiff City
Langston calm administration fear
15 Nov 07 |  Cardiff City
Cardiff's court hearing delayed
07 Nov 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'
14 Aug 07 |  Cardiff City
BBC Sport Wales coverage
24 Dec 06 |  Wales


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