" WEDNESDAY 20th OCTOBER 2010 UPDATE "

This morning the board of Cardiff City met and the necessary paperwork was signed off by the current directors to allow an additional 3 directors to be added to the board. Two of the new directors are from Malaysia and the other is from Singapore. During the intial investment from Malaysia, the terms of the agreement allowed the Malaysians to appoint 2 directors of their choice and they could also name the Chairman.

Today the board met to sign a new agreement allowing the Malaysians to add a further 3 names to the board. It is my belief that one of the names added will be that of Vincent Tan. In 2 seperate conversations I have been told of the 3 new directors added and in another how the club will hopefully be shaped over the coming months.

I am told that there will be movements in the boardroom and that key positions will have the personnel changed. Vincent Tan will eventually become Chairman of the club. Tan will not become Chairman immediately but he is without a doubt the one person at present who is controlling the club. Where will this leave TG ?

There will be a restructuring of the board over time and I for one hope that TG has a place on the new board if these changes take effect as it was TG who introduced the club to Vincent Tan and now that Tan is getting his teeth into the club I hope that TG does not get left behind. Maybe I am a soft touch but I believe that TG is living a dream.and it would be sad if he was not part of the very exciting times we have ahead of us.

I have learned this week that Vincent Tan's son U-Jiun is being lined up to be the future Chief Executive and will become more and more involved with the running of the club on a day to day basis. Where will this leave Gethin Jenkins ?

I believe that Gethin could still have a role at the club and I understand that he has become heavily involved with the commercial deptartment since the redundancies of Suzanne Twamely and Kate Schmidt. At present it is my belief that Gethin has a 1 year contract.

Whilst I am talking about redundancies I took a call today from someone at the club and they claimed that many people within the club are extremely nervous of the threat of job cuts.

Some of you may have noticed that prior to the game on Saturday, Gethin took U-Jiun around the pitch where U-juin performed a good luck ritual at each corner of the pitch.

Thus far Vincent Tan has committed £14 million into the club which is an astronomical figure but if he wishes to own the club outright then I believe it would take a figure of over £40million to settle all the debts and creditors etc. When you take into account Langston, PMG, Ray Ranson, Isaacs, Borley etc. Tan is taking his time and his weighing up all the options. Will he go alone or will one of the new directors be a business partner ?

PMG on September 1st were due an installment of £2million and they have agreed with Vincent Tan to waive the amount until a later date which Tan is very comfortable with and Paul Guy is happy in the knowledge that the club have a realistic chance of promotion and you can start guessing the figures that the share price would be if we did succeed and make the Premiership. Vincent Tan has yet to inform Paul Guy if he is going to be turning £2.7million pound of the debt into shares and is using the time he has on his side before making the decision.

TG remains heavily involved at present and as I said recently he was involved in the meeting along with Vincent Tan on the settlement between the club and Peter Ridsdale. I bring some excellent news on this, PR was due his settlement on 15/10/10 but the club exercised the 3 working day grace that was in the agreement. In further developments it has now been confirmed to me that Peter Ridsdale has been totally and utterly and legally screwed by Vincent Tan and will not receive a penny of the service contract that he presented to the board back in January demanding £1million for him to resign.

Peter Ridsdale signed an agreement that forfeited his right to any monies that he may have been entitled too under his contract and he will only receive money for his shares that he was gifted as a bonus by the club but the price will certainly not exceed the price that they were gifted to him at of 11p per share but I am told that the price could possibly be half of that.

On Friday of last week TG and Vincent Tan also had a meeting in London with Langston. There were proposals from Vincent Tan to Langston and vice versa. Both sides have gone away to consider the talks and with negotiations at such a sensitive stage and the importance of the historical debt to the club I will not comment any more on this matter.

Last nights game at Coventry was a huge plus for the club, not only on the pitch but also off it. Last night 1299 city fans were in the away end and of those 1200 bought match tickets through the club's ticket office but on the night a turnstile was open which allowed pay on the gate. There were 4 police spotters at the game, 2 from each constabulary and they did not leave their control room. Hopefully this is another step forward for us and we will see less and less restrictions in future. For the first time in 30 years of a Cardiff City away match has there been no normal policing at a game and this shows the huge strides the club has made and is continuing to make.

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Happy Birthday to Martyn aka KidwellyBlue

Great update again Carl, thank you

Great news especially the riddler getting screwed !

cheers carl

any news on rooney? lol

Great news thank you Carl

Cheers Carl, great update as ever.

Even if you had only mentioned the Riddler getting screwed it will be well worth the wait.

Bye bye Riddler you complete tosspot.......never darken our door again.

My heart goes out to Morcambe.

any news on rooney? lol

It will take some time

Is there a timescale on VT becoming Chairman??

Thanks once again Carl, great news and hopefully additional funds on their way?!?!

Is there a timescale on VT becoming Chairman??

Thanks once again Carl, great news and hopefully additional funds on their way?!?!

No there is no timeframe Dange

Sheesh, loads to take in there Carl. Thanks for the time you give us mate.

Thanks Carl meant to say 'hello' last night but got stuck in the shop queue....

Still not over convinced with our defence

Good news off field though

Cheers


Wigs

thanks for update,do u no the names of the new directors,is the one from Singapore,the same one who tried to buy Liverpool,be great if it is.thanks.

Brilliant, thanks Carl

Cheers CARL

Great update Carl!

Any news on Jay and a new contact?

Carl the info just gets BETTER and BETTER

Great update Carl


on another forum and radio, saying 3 Malaysians joined the Board, Need to get their INFO CORRECT Its 2

Thanks again Carl excellent news.
Vincent Tan shafting the riddler quality stuff "dont f**k with the tans"

Do we think the new board members are being brought in because of their strengths in running a business or are they minted to the level or beyond that of VT

Thanks for another wellcome insight in to the inner-workings of our fine club.

Its never been boring being a City fan (usually for all the wrong reasons )

but It seems like theres a new revelation every day at the momment

Cheers pal, great news on a cold night. Can I just say....................................................................




LETS ALL LAUGH AT THE RIDDLER

Nothing more than you deserve you crooked fat b*stard

FCheers Carl I had to laugh loud when I read the part about Tan screwing Riddler its about time that c**t knows how it feels to get fucked over

Great news all round Thanks Carl

Goood update cheers Carl:) was goood to meet u yesterday and prove u r a person not jus a robot.

Happy Birthday to Martyn aka KidwellyBlue

That's the most important part that it goin to get us promotion:)

Cheers Carl!

TG remains heavily involved at present and as I said recently he was involved in the meeting along with Vincent Tan on the settlement between the club and Peter Ridsdale. I bring some excellent news on this, PR was due his settlement on 15/10/10 but the club exercised the 3 working day grace that was in the agreement. In further developments it has now been confirmed to me that Peter Ridsdale has been totally and utterly and legally screwed by Vincent Tan and will not receive a penny of the service contract that he presented to the board back in January demanding £1million for him to resign.

Peter Ridsdale signed an agreement that forfeited his right to any monies that he may have been entitled too under his contract and he will only receive money for his shares that he was gifted as a bonus by the club but the price will certainly not exceed the price that they were gifted to him at of 11p per share but I am told that the price could possibly be half of that.

So Ridsdale is only going to get, what 50 grand max for his stock? lol!

Excellent news in another excellent update, cheers Carl, much appreciated

Interesting news as always

Thanks Carl - happy birthday Martyn!